Asia Pacific Automotive Collision Repair Market size was around USD 68 billion in 2020 and is poised to expand at 3.1% CAGR from 2021 to 2027. The growing vehicle sales coupled with rapid urbanization fueling personal vehicle ownership is expected to fuel the market demand.

Asia Pacific Market, By Product

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The crash parts segment will contribute almost one-third of the market share by 2027. Crash parts are replaced most commonly in the event of collision. Typical examples of crash parts in automotive collision comprise basic electronics such as headlights and bulbs.

Asia Pacific Market, By Vehicle

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The Light Commercial Vehicle (LCV) segment accounted over 25% market share in 2020. The sales of commercial vehicles in the region is on the rise as the region is going through rapid economic expansion and increase in industrial output. This economic expansion has resulted in surge in the demand for commercial vehicles in countries including China and India. The increasing commercial vehicles on roads coupled with the expansion in road infrastructure are resulting in increased events of collision, increasing the demand for collision repair products.

Asia Pacific Market, By Source

New OEM source in automotive collision is expected to be a dominant with 65% Asia Pacific automotive collision repair market share. The developing economies in the region have fueled the expansion of automotive dealerships and service networks to many tier 2 and tier 3 cities across the countries, which, in turn, has resulted in consumers increasingly using the OEM channels for automotive repair and collision events.

Aftermarket, although present with a significant share in the region, is also predicted to show the fastest growth rate as many countries in the region are home to several small-scale automotive repair and service outlets with competitive rates and low labor costs. The increasing trend of DIY and ease of access for complex parts through e-commerce will also fuel the market demand.

Competitive Industry Landscape

Some of the prominent market players include 3M, Denso Corporation, Continental Corporation, ATP Automotive, Eastman Chemical Company, Dupont, Faurecia, Honeywell International Inc., Henkel AG & Co., KGaA, Jonson Control Inc., Mann + Hummel, Huntsman Corporation, Magna International, , Mitsuba Corporation, Robert Bosch GmbH, Tenneco Inc, and Valeo.