Automotive collision repair market size from paints and coatings registered a CAGR of 2.5% over 2018-2024. Considering the increasing number of independent repair shops, automotive collision repair market behemoths are focusing on manufacturing innovative products to generate more revenue. Recently, in the 2017 SEMA show, the automotive aftermarket division of 3M launched a rather unique vehicle painting process – a spray cup system that provides improved efficiency, advanced performance, and cleanliness while reworking. With this product, 3M further validates the fact that the rising innovation in paints and coatings technology is likely to boost automotive gesture recognition market trends in the years ahead.
It is prudent to note than the growing trends of digitization and automation have also brought about a transformation in automotive collision repair market outlook. In order to sustain their presence across this business sphere, independent vehicle reworks have been inking partnerships with digital marketing services. For instance, a collision repair and auto body paint provider, City Auto Body has recently declared a partnership with a small business marketing and search engine optimization firm, BizIQ to strengthen its reputation across real-time and digital channels.
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The robustly increasing demand for automobiles across the globe has been favorably influencing automotive collision repair market, owing to the surging need to repair vehicles after accidents and other mishaps, that lead to severe damage on the vehicle body. Taking into account the escalating requirement of vehicle repair and maintenance, most of the OEM’s have been making investments in paint shops and vehicle body centers, not to mention, even standard collision certification programs for local body shops. For instance, the Germany based automotive behemoth Mercedes Benz has recently opened a vehicle body and paint center in India in order to improve its after-sales outreach.
Eventually, initiatives similar to those of GM are expected to increase automotive collision repair market share from the aftermarket. According to estimates in fact, automotive gesture recognition market size from aftermarket is predicted to register the a commendable CAGR among any of the end-users of the market.
Considering the increasing number of independent repair shops, automotive collision repair market behemoths are focusing on manufacturing innovative products to generate more revenue. Recently, in the 2017 SEMA show, the automotive aftermarket division of 3M launched a rather unique vehicle painting process – a spray cup system that provides improved efficiency, advanced performance, and cleanliness while reworking. With this product, 3M further validates the fact that the rising innovation in paints and coatings technology is likely to boost automotive gesture recognition market trends in the years ahead. For the record, automotive gesture recognition market size from paints and coatings registered a CAGR of 2.5% over 2018-2024.
Speaking along similar lines, other companies partaking in automotive gesture recognition market share such as Honeywell International Inc., Faurecia, Bosch, Continental Corporation, ZF Friedrichshafen AG, Denso Corporation, and Federal-Mogul Holdings Corporation have also been bringing about appreciative changes in their product range. In the long run, the combined efforts of these giants is likely to bring about a major change in the dynamics of automotive gesture recognition market.
Browse key industry insights spread across 300 pages with 293 market data tables & 11 figures & charts from the report, “Automotive Collision Repair Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report
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