Global Automotive Collision Repair Market Strategies 2024, Forecast To 2033

The automotive collision repair market has grown steadily, increasing from $202.76 billion in 2023 to $210.85 billion in 2024, with a CAGR of 4.0%. This growth is attributed to factors such as the increasing number of vehicles on the road, a rising number of accidents, growing demand for vehicle customization, advancements in technology leading to more complex vehicles, and increasing disposable income and willingness to spend on vehicle repairs. The forecast period is expected to witness steady growth, reaching $254.84 billion in 2028, with a CAGR of 4.9%. Drivers for this growth include the growing demand for electric vehicles, increasing adoption of advanced driver assistance systems (ADAS), rising demand for lightweight materials in vehicle manufacturing, growing popularity of ride-sharing services, and an increasing focus on vehicle safety and regulations. Noteworthy trends in the future involve the use of augmented reality for repair diagnostics, adoption of sustainable and eco-friendly repair practices, growth in mobile and on-demand repair services, integration of 3D printing for replacement parts, and an emphasis on training and certification for repair technicians.