The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs.
Europe was the largest market accounting for 44.9% of the revenue share in 2016.
However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit.The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market.
Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard.
The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-collision-repair-industryThe automobile industry is expected to grow on account of increasing demand for passenger cars.
Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools.
The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs.
Europe was the largest market accounting for 44.9% of the revenue share in 2016.
However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit.The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market.
Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard.
The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-collision-repair-industryThe automobile industry is expected to grow on account of increasing demand for passenger cars.
Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools.