
The global automotive collision repair market size was estimated at 165.60 billion in 2016 and is expected to grow on account of increasing sale of automobiles worldwide, digitalization in auto repair companies, need for improved repair quality in collision repair centers and technology advancements in auto parts fabrication. Growing number of accidents is expected to augment the growth of the market over the forecast period.
Need for replacement of old spare parts with the latest models is likely to drive growth. Although the number of accidents in North America and Europe has been decreasing, need for vehicle styling, and upgrading is expected to drive the growth of the market in next few years. The introduction of new cost efficient materials and chemicals is expected to propel the growth of the market.
Details
- Publication Date
- May 9, 2018
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): susan hill
Specifications
- Format