Published Date: Jan 2020 | Report ID: GMI108 | Authors: Kiran Pulidindi, Hemant Pandey
Automotive Collision Repair Market size estimated at around USD 283.9 billion in 2018 and will grow at a CAGR of 2.5% from 2019 to 2026. Growing intercity and intra-city goods transportation activities will enhance the industry expansion by 2026.
Growing customer preferences to restore vehicles appearance are providing potential opportunities for the market growth during the forecast timeframe. Industry players are focusing on developing technologies to ensure pre-collision finish. Rising traffic congestions in urban areas, leading to minor vehicle dents & scratch marks are inducing the demand for minor paint touchups.
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Rising two-wheeler traffic congestion is contributing towards accidents and crashes, thereby promoting the industry growth. The increasing two-wheeler demand is attributed to availability of attractive financing schemes