Automotive Collision Repair Market growth predicted at over 3.3% till 2026, Revenue to hit USD 305 Billion-mark: Global Market Insights, Inc.

Selbyville, Delaware, June 18, 2020 (GLOBE NEWSWIRE) --
The automotive collision repair market valuation is expected to cross USD 305 billion by 2026. Advanced tools and technology development in the automotive collision repair products will spur the market demand. Road traffic injuries are the leading causes of mortality, owing to increased motorization and high population. The lack of stringent safety and driving regulations in emerging economies are some of the factors contributing to increasing accidents, bolstering the market growth.The paints & coatings segment in the automotive collision repair market is estimated to register a CAGR of almost 3.5% through 2026 owing to increasing customer preferences to restore vehicles with pre-collision finish. Moreover, increasing traffic congestions in urban cities, resulting in minor vehicle dents & scratches are further inducing the demand for minor paint touchups.Request for a sample of this research report @ vehicles will register steady growth in the market over the coming years led by rising fatalities and injuries due to truck accidents. The limited view from the driver seat along with narrow roads and streets play a major role in rising cases of accidents, thus inducing the demand for automotive collision repair parts.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Февраль 2021    »