AUTOMOTIVE COLLISION REPAIR MARKET ANALYSIS

Automotive Collision Repair Market, By Product (Paints & coatings, Consumables, and Spare parts), By Vehicle Type (Light-duty vehicle and Heavy-duty vehicle), By Sales Channel (DIY, DIFM, and OE), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024
Code : CMI4524
Pages :120
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges: Escalating Repair Costs from Advanced Vehicle Technologies

One of the primary challenges facing the automotive collision repair market is the rising costs of repairs attributed to the integration of advanced technologies in modern vehicles. As vehicles incorporate sophisticated driver-assistance systems, hybrid/electric powertrains, and high-strength materials, the complexity and expense of collision repairs significantly increase, placing a greater financial burden on insurance companies and consumers alike.

Market Opportunities: Integration of Emerging Technologies in Repair Processes

The automotive collision repair market has plenty of opportunities to leverage emerging technologies. The growing connectivity of vehicles opens up opportunities for the digitization of the repair process from estimate creation to parts ordering.