North American Collision Repair Equipment Market to 2026: Future Growth Potential Enhanced by Opportunities in Welding, Measuring, and ADAS Recalibration

News provided by

Nov 27, 2020, 08:15 ET

DUBLIN, Nov. 27, 2020 /PRNewswire/ -- The "Increasing Complexity of Repairs due to Enhanced Technology Features to Sustain the North American Collision Repair Equipment Market, 2026" report has been added to ResearchAndMarkets.com's offering.

This report covers various collision repair equipment categories across the United States and Canada. It discusses unit shipments, revenue, pricing trends, distribution channels, and also provides an overview of major participants, including both equipment manufacturers and collision repair service providers. The base year for analysis is 2019 and the forecast period is from 2020 to 2026.

Unit shipment in the North American collision repair equipment market is expected to grow in the coming years. An increase in vehicles in operation (VIO) coupled with the incremental miles travelled by vehicles, along with usage of alternate and light weighting materials, will largely drive unit shipments during the forecast period.

An increase in the complexity of repair will lead to a demand for high-priced and technologically advanced equipment. This trend is expected to have a positive impact on revenues. Despite the favorable push from factors such as VIO and miles traveled, the collision repair equipment market is still predicted to experience only slower growth due to a reduction in the overall collision rates primarily resulting from the emergence of advance collision avoidance systems.

Technical enhancements by OEMs in their vehicles such as the usage of alternate materials like advanced high strength steel (AHSS), ultra high strength steel (UHSS), aluminum, and carbon fiber reinforced polymer (CFRP) will increase the need for specialty repair equipment especially in the welding and measuring equipment categories, in the coming years.

Further, the arrival of advanced driver assistance systems (ADAS) will also increase the complexity of the repair process. Thus, the need for technologically advanced repair equipment will gain significance. OEM approvals will play a key role moving forward in differentiating collision repair equipment manufacturers. They will also help equipment manufacturers in pricing their products better than the unapproved ones.

Research Highlights

Disruptive trends/factors impacting the collision repair equipment market
Market measurements in terms of unit shipments and revenue for broad equipment categories and sub-categories at the regional level (United States and Canada)
Equipment competitiveness of various collision repair equipment manufacturers
Distribution/business model & pricing analysis of equipment manufacturers
Lifecycle analysis of various equipment at the sub-category level
Impact of market movements on key aspects of the collision repair equipment business

Key Topics Covered:

1. Executive Dashboard

Key Takeaways
Overview - Key Factors Influencing the Collision Repair Equipment Market
Collision Repair Equipment Lifecycle Analysis - North America
Impact of Market Movements on Key Aspects of the Collision Repair Equipment Business
Potential Trends that will Disrupt the Market
Collision Repair Equipment Product Lines - North America
Revenue Forecast by Region - North America
Revenue Forecast by Equipment Category - North America
Unit Shipment Forecast by Region - North America
Unit Shipment Forecast by Equipment Category - North America

2. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8T
The Impact of Top Three Strategic Imperative 8T on the Collision Repair Equipment Industry
Growth Opportunities Fuel the Growth Pipeline Engine

3. Growth Opportunity Analysis, Collision Repair Equipment Market

Collision Repair Equipment Market Overview
Market Segmentation
Key Competitors in the Collision Repair Equipment Market
Key Growth Metrics
Potential Trends that will Disrupt the Market
Impact of Disruptive Trends on Manufacturers
Growth Drivers for the Collision Repair Equipment Market
Growth Restraints for the Collision Repair Equipment Market
Forecast Assumptions for Revenue and Unit Shipments of Various Collision Repair Equipment

4. Factors of Influence - Collision Repair Equipment Market

VIO Forecast
Number of Collisions Forecast - United States
Number of Collisions Forecast - Canada
ADAS Vs. Non-ADAS VIO Forecast - North America
Composition of Materials Constituting Vehicle Weight - North America
VMT Forecast - United States
VMT Forecast - Canada

5. Market Landscape - Collision Repair Service Providers

Market Composition: Collision Repair Shops - North America
Revenue Composition: OEM Dealer Vs. Independent Channels - United States
Revenue Composition: OEM Dealer Vs. Independent Channels - Canada
Overview of Laws & Regulations Governing Collision Repair Business - North America

6. Collision Repair Equipment - Market Measurements

Collision Repair Equipment: Product Lines - North America
Unit Shipment Forecast by Region - North America
Unit Shipment Forecast by Equipment Category - North America
Unit Shipment Forecast - Holding
Unit Shipment Forecast - Holding Product Lines
Unit Shipment Forecast - Pulling
Unit Shipment Forecast - Pulling Product Lines
Unit Shipment Forecast - Measuring
Unit Shipment Forecast - Measuring Product Lines
Unit Shipment Forecast - Welding
Unit Shipment Forecast - Welding Product Lines
Unit Shipment Forecast - Data
Unit Shipment Forecast - Data Product Lines
Unit Shipment Forecast - ADAS Recalibration

7. Competitive Analysis of Collision Repair Equipment Manufacturers

Market Share of Key Manufacturers - North America
Key Manufacturers by Product Lines - North America

8. Distribution/Business Model & Pricing Analysis of Equipment Manufacturers

Distribution Model - Stakeholders' Involvement
Distribution Models - North American Collision Repair Equipment Market
Collision Repair Equipment Leasing Model - North America
Factors Driving Collision Repair Equipment Leasing Model - North America
Factors Influencing Manufacturer Pricing - North American Collision Repair Equipment Market

9. Company Profiles - Equipment Manufacturers

Vehicle Service Group (VSG, Chief Technology) - Company Profile
Snap-on (Car-O-liner & Hofmann Equipment) - Company Profile
Spanesi Americas - Company Profile

10. Company Profiles - Collision Repair Service Providers

Auto Body Repair of America (ABRA)/Caliber - Company Profile
Service King - Company Profile
Boyd Group - Company Profile

11. Key Takeaways

Growth Opportunities
Growth Opportunity - ADAS Recalibration
Growth Opportunity - Focus on Product Development and Direct Distribution to help Equipment Manufacturers to Improve Revenue

12. Next Steps

Your Next Steps
List of Exhibits
Legal Disclaimer

13. Appendix

Analysis of Key Collision Repair Service Providers - North America
Overview of Collision Coverage in Auto Insurance
Overview of DRP
COVID-19 Timeline-based Scenario Analysis - Impact on Auto Insurance

Companies Mentioned

Auto Body Repair of America (ABRA)/Caliber
Boyd Group
Service King
Snap-on (Car-O-liner & Hofmann Equipment)
Spanesi Americas
Vehicle Service Group (VSG, Chief Technology)

For more information about this report visit https://www.researchandmarkets.com/r/1jx72p

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets