United Kingdom Automotive Collision Repair Market Synopsis
United Kingdom Automotive Collision Repair Market is projected to grow over the years on the back of growing traffic density, rising cost of repair, and stringent rules for vehicle servicing. The primary drivers for the market includes evolution of the automobile industry with incorporation of several advanced, complex and automated systems and sensors in the vehicle designs. Moreover, advancement in technology adoption in automobile sector is another major driving factor for the United Kingdom Automotive Collision Repair Industry. However, lack of technical expertise and improving vehicle safety feature are the major restraints for the market. Automotive sector was severely affected sector by the COVID-19 pandemic as supply chain across the industry was recovering from the impact of Brexit. The industry also witnessed increased penetration levels for electric vehicles during the period.
According to the publisher, United Kingdom Automotive Collision Repair Market size is projected to grow at a CAGR of 5.9% during 2022-2028. The United Kingdom Automotive Collision Repair Market is expected to witness tremendous growth in the coming years driven by several factors including increasing traffic density, rising repair cost, stringent vehicle servicing rules, higher used car prices and increasing average vehicular age. Rising number of motor insurance subscriptions along with increasing cost of motor claims is driving market size. In addition to that, general price rise in automotive components, spare parts and additional installations would is expected to increase automotive repair costs further augmenting the automotive collision repair market in United Kingdom. Growing environment concerns and advancement in paint manufacturing and coatings is inducing the demand for ecofriendly and low emission paints. Thus, evolution in vehicular technology and adoption of sustainable solutions would be the key contributors to the United Kingdom Automotive Collision Repair Market Growth.
Market by Vehicle Type
Light duty vehicle segment is anticipated to register the fastest growth in the United Kingdom Automotive Collision Repair Market owing to high levels of car ownership in the country.
Market by Product Type
Advancement in the paints and coatings used for automotives with different types of painting and protective coatings such as glass coatings and electrodeposition coatings etc. has led to increase in the prices of repairing of body work services. Thus, driving growth of the segment.
Market by Service Channel
DIY is the growing segment during the forecast period on the back of competitive prices, ease of purchase, and home delivery services. These services are the main reasons due to which customers are preferring DIY over others.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- United Kingdom Automotive Collision Repair Market Overview
- United Kingdom Automotive Collision Repair Market Outlook
- United Kingdom Automotive Collision Repair Market Forecast
- Historical Data and Forecast of United Kingdom Automotive Collision Repair Market Revenues for the Period 2018-2028F
- Historical Market Data and Forecast of Revenues, by Vehicle Type, for the Period 2018-2028F
- Historical Market Data and Forecast of Revenues, by Product Type, for the Period 2018-2028F
- Historical Market Data and Forecasts of Revenues, by Service Channel, for the Period 2018-2028F
- Historical Market Data and Forecasts of Revenues, by Region, for the Period 2018-2028F
- Market Drivers and Restraints
- Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Vehicle Type
- Light Duty Vehicle
- Heavy-Duty Vehicle
By Product Type
- Paints and Coatings
- Components and Spare Parts
By Service Channel
- DIY
- DIFM
- OE
By Region
- England
- Scotland
- Wales
- Ireland
Table of Contents
1. Executive Summary
Companies Mentioned
- Belron UK Ltd.
- Bristol Street Motors
- 3M
- Denso Corporation
- Akzo Nobel
- OEC llc
- Euro Car Parts Ltd.
- Nationwide Vehicle Assistance Group Ltd.
- The Vella Group
- L&I Eaton ARC Ltd.
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