Europe Automotive Collision Repair Market Size Likely to Expand at a CAGR of 1.01% By 2033

According to current market research conducted by the CMI Team, the Europe automotive Collision Repair Market is expected to record a CAGR of 1.01% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 84.70 Billion. By 2033, the valuation is anticipated to reach USD 92.72 Billion.

Europe Automotive Collision Repair Market: Overview

The automotive collision repair market in Europe offers various avenues for growth due to emerging trends and advanced technology. The increased focus on electric vehicles created fresh avenues for specialized service providers since electric cars demanded unique expertise and equipment to perform repairs involving batteries, electronic systems, and bodies.

Advanced driver assistance in new automobiles gives the opportunity to invest in high-tech diagnostics and calibration tools in repair shops. This way, they have the potential to become essential service providers for making complex repairs. The trends in sustainability also present growth opportunities.

Eco-friendly solutions in repair, such as water-based paints and energy-efficient equipment, have gained popularity due to stringent environmental requirements in Europe, thus opening the door for environmentally responsible customers in the repair shop’s books.

Besides, digitalization, which encompasses an online booking system, real-time service tracking, and customer management tools, leads to better operational efficiency and effectiveness, thus winning more customers and consequently expanding business in the market. This would further allow repair shops to implement differentiation strategies and thus expand their market space share.

Europe Automotive Collision Repair Market: Growth Factors and Dynamics

The Europe Automotive Collision Repair Market Presents Significant Growth Opportunities Due to Several Factors

• Increasing Electric vehicles: As the number of electric vehicles in Europe increases, the demand for special collision repair services that can work on electric vehicles also increases. This growth is also triggered by investment in training and equipment related to specific EV repair by repair shops.

• Expanding Coverage: These days, more vehicles are being covered under complete insurance coverage for repair, with many companies tying up with repair centres. This ensures a smoother flow of customers into the repair centers since most insured prefer service from network-approved centers.

• Consumers and regulatory: Consumers and regulatory actions targeting more environment-friendly practices are driving shops to use water-based paints, energy-efficient equipment, and sustainable materials. The trend toward sustainability is attracting environmentally sensitive customers, so the market will expand over the long run.

• Urbanization and Traffic Density: With more people in cities and high vehicle traffic, accident rates are expected to remain relatively stable, as is the demand for European collision repair services.

Europe Automotive Collision Repair Market: Expansion

• In July 2024, The Steer Automotive Group launched its first purpose-made electric vehicle repair location, Steer Electric, in Hampshire, England, offering convenience and accessibility.

• In October 2023, PartsTrader, a collision repair provider with a cloud-based auto parts procurement platform, partnered with Tractable, a Belgium-based AI Company, to strengthen the industry’s use of AI to practice claims.

• In June 2021, the BASF coating division launched a New Cloud-Based Digital collision platform, Refinity. According to the company, Refinity will offer customers a continuous digital experience aimed at driving effectiveness in training, business, support, and colour solutions.

Report Scope

Europe Automotive Collision Repair Market: COVID-19 Analysis

The COVID-19 pandemic has greatly impacted the European automotive collision repair market. Lockdowns and travel restrictions reduced vehicle usage in the early stages of the pandemic, which led to fewer collisions and a consequent decline in demand for collision repair services. Many repair shops had to close partially. However, as restrictions eased, there was a rebound in vehicle usage, especially because personal vehicle usage went up from using public transport due to health concerns.

The pandemic also accelerated digitalization utilization by the repair trade, as more and more consumers started booking appointments online and contacting shops using online services. Shops had to provide mobile repairs and remote diagnostics, but contactless services put a demand on all these areas. The market picked up early, with increased vehicle ownership and the necessity for specialized repair requirements for electric and advanced vehicles.

List of the prominent players in the Europe Automotive Collision Repair Market:

• 3M Company
• Automotive Technology Products LLC
• Continental AG
• Denso Corporation
• Faurecia (Groupe PSA)
• Honeywell International Inc.
• International Automotive Components (IAC) Group
• Magna International Inc.
• Robert Bosch GmbH
• Tenneco Inc.
• Others

The Europe Automotive Collision Repair Market is segmented as follows:

By Vehicle

• Light-duty Vehicle
• Heavy-duty Vehicle

By Product

• Paints & Coatings
• Consumables
• Spare Parts

By Service Channel

• DIY (Do It Yourself)
• DIFM (Do it For Me)
• OE (handled by OEM’s)

Regional Coverage:

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe