Automotive Collision Repair Market 2030: The Rise of DIY Solutions
Automotive Collision Repair Market Growth & Trends The global automotive collision repair market size was valued at USD 227.60 billion in 2030 and is anticipated to grow at a CAGR of 1.9% from 2024 to 2030. Technological advancements in claims, insurance, and the automobile aftermarket have led to the development of innovative repair techniques and processes, which have significantly widened the scope for the growth of passenger and commercial vehicles. Numerous leading manufacturers, including Daimler AG (Germany) and BMW Group (Germany), are using advanced 3D printing technology for manufacturing spare parts and associated automobile components. The expansion of the e-commerce market, coupled with the immediate availability of genuine OEM spare parts, will positively impact the automotive collision repair market. Moreover, the market is mainly being driven by the rise in traffic accidents and fatalities worldwide. The rising sales of conventional cars, and el...