Automotive Collision Repair Market Rise In The Number Of Subscriptions Of Automobile Insurance In The Automobile Sector
Automotive Collision Repair Industry Overview The global automotive collision repair market size was USD 185.98 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 2.1% from 2021 to 2028. The rise in the number of subscriptions of automobile insurance and technological advancements in the automobile sector are the factors expected to propel market growth. There has been an increase in vehicular damage caused by accidents, which is directly influencing the revenue generated in the global market. Many automobile retailers sell do-it-yourself (DIY) kits to consumers who prefer to repair their cars at home without any assistance. This trend is observed in many suburban parts of South America and Asia Pacific. Gather more insights about the market drivers, restrains and growth of the Global Automotive Collision Repair Market OEMs have developed several channels to distribute their branded parts to different ser...