European Crash Repair Parts Market Size, Share 2016 Nov 2016

European Crash Repair Parts Market Size, Share, Growth, Cost
and Price, Analysis, Key Trends and Opportunities Forecasts
2019
Summary
The passenger car crash repair parts market will continue to evolve over the next four years to 2019. Passenger
safety regulations, manufacturers' desire for improved crash durability and the use of new materials, including
composite materials, in the desire to make vehicles lighter and improve fuel economy will all impact the cost of
crash repair parts, and will also have implications on the channels that motorists choose to use for any crash
repairs that are necessary. At the same time, the growing use of advanced driver assistance systems (ADAS) in new
vehicles is a contributory factor in reducing the accident rate, a trend which started with the fitment of ABS brakes
to all new cars sold since 2007.
Repairers will need to focus on improving production models and potentially increasing scale to afford greater
purchasing power, flexibility and the ability to handle new complex repairs. Repairers must keep pace with the
variety of new materials and technologies gradually being incorporated into the vehicles on the road today. Tools
such as integrated repair method data and the training and certification programs provided by numerous OEs will
help here.
Browse Ongoing Reports @ http://www.radiantinsights.com/research/the-european-crash-repair-parts-market2011-2019
Key Findings
- New technologies shape the crash repairs market
- Demographic changes influence the crash repairs market
- The industry is consolidating - some of the largest collision repair companies are getting larger
- The decision makers are changing - insurance companies are increasingly powerful
- Crash repair market influenced by new vehicle sales market
- Crash repair parts volumes fall whilst values slowly grow - affected by falling accident rates
- A marked move away from OEM toward more affordable aftermarket and recycled products
- The move towards autonomous driving will reduce accident rates and impact the crash repair market