The U.S. Automotive Collision Repair
Market size is expected to reach USD 33.75 billion by
2025, registering a 1.5% CAGR from 2019 to 2025, according to a new study by
Grand View Research, Inc. The market is expected to grow owing to the rising
adoption of automotive technologies in automotive fabrication. The increasing
use of 3D printing in applications such as automotive fabrication and
prototyping has also led to the increased adoption of automotive collision
repair services by automakers in the industry. Moreover, the growing focus of
manufacturers on technology proliferation and increasing investments in
research & development activities are also expected to contribute to market
growth.
Increasing digitalization in automotive repair and
maintenance services has transformed the U.S. market. Several startups are now
offering online services for regular maintenance as well as for repairing of
cars. For instance, Repair Pal, an auto repair and maintenance service app,
offers repairing and pickup & drop services to users seeking assistance in
case of car crashes, even in remote locations. These services enable users to
get on-demand professional repair services at their homes or offices. Users are
also given options to select their technicians based on the type of vehicle and
repairing services required.
However, environmental concerns associated with the
use of some of the repairing materials are hampering the market growth. For
instance, paints and coatings contain high amounts of hazardous Volatile
Organic Compounds (VOCs), which cause air pollution. This has led the U.S.
government to set up regulations banning the use of hazardous paints and
coatings. For instance, The U.S. EPA Design for Environment (DfE) Automotive
Refinishing Partnership works in collaboration with auto repairing and
refinishing shops to develop guidance documents and helpful checklists. Auto
repairing and maintenance shops are obligated to follow these general health
and safety checklists in their day-to-day operations to decrease the proportion
of hazardous waste produces.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-automotive-collision-repair-market
https://www.grandviewresearch.com/industry-analysis/us-automotive-collision-repair-market
Further key findings from the report suggest:
- Increased demand for higher-priced products such as advanced glass
products and performance tires, electrochromic mirrors, and solar control
windows are anticipated to boost the sale of repair parts in the country
- Increasing use of sophisticated safety equipment in vehicles has
resulted in the higher cost of collision repairs
- The rapidly evolving paint and coating technology in the automotive
industry to meet the latest protective automobile materials and aesthetic
demands are expected to drive the U.S. automotive collision repair market
growth
- Increasing demand among customers for repair warranty is one of the
major factors supporting the growth of the OE segment in the market
- Governments and transport authorities across different countries
have made it mandatory for customers to obtain insurance coverage, which
is expected to contribute to the market growth
- Stringent government regulations and safety guidelines regarding the
use of hazardous materials for automotive collision repair are anticipated
to challenge the market growth
- The industry is witnessing a trend of strategic alliances and
collaborations among collision repair centers and leading auto insurance
companies to gain a competitive edge in the market.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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