Increasing Complexity of Repairs due to Enhanced Technology Features to Sustain the North American Collision Repair Equipment Market, 2026

Increasing Complexity of Repairs due to Enhanced Technology Features to Sustain the North American Collision Repair Equipment Market, 2026

Future Growth Potential Enhanced by Opportunities in Welding, Measuring, and ADAS Recalibration Categories

RELEASE DATE
23-Oct-2020
REGION
North America
Research Code: K529-01-00-00-00
SKU: AU02069-NA-MT_24892
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Description

Unit shipment in the North American collision repair equipment market is expected to grow in the coming years. 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. 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 Scope

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.

The overall collision repair equipment market is broadly classified into holding, pulling, measuring, welding, and ADAS recalibration along with data requirements. These broad equipment categories are further classified into sub-equipment categories such as holding – anchor for pull, parts holding; pulling – racks, benches; measuring – single point, multi-point, handheld; welding – MIG, spot welding (STRW), riveting; Data – repair method (one-time access), repair method (multi access), estimating software; and ADAS recalibration.


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

Author: Jagadeesh Chandran

Table of Contents

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

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of Top Three Strategic Imperative 8™ on the Collision Repair Equipment Industry

Growth Opportunities Fuel the Growth Pipeline EngineTM

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

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

Composition of Materials Constituting Vehicle Weight—North America (continued)

VMT Forecast—United States

VMT Forecast—Canada

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

Overview of Laws & Regulations Governing Collision Repair Business—North America (continued)

Collision Repair Equipment: Product Lines—North America

Revenue Forecast by Region—North America

Unit Shipment Forecast by Region—North America

Revenue Forecast by Equipment Category—North America

Unit Shipment Forecast by Equipment Category—North America

Revenue Forecast—Holding

Unit Shipment Forecast—Holding

Revenue Forecast—Holding Product Lines

Unit Shipment Forecast—Holding Product Lines

Revenue Forecast—Pulling

Unit Shipment Forecast—Pulling

Revenue Forecast—Pulling Product Lines

Unit Shipment Forecast—Pulling Product Lines

Revenue Forecast—Measuring

Unit Shipment Forecast—Measuring

Revenue Forecast—Measuring Product Lines

Unit Shipment Forecast—Measuring Product Lines

Revenue Forecast—Welding

Unit Shipment Forecast—Welding

Revenue Forecast—Welding Product Lines

Unit Shipment Forecast—Welding Product Lines

Revenue Forecast—Data

Unit Shipment Forecast—Data

Revenue Forecast—Data Product Lines

Unit Shipment Forecast—Data Product Lines

Revenue Forecast—ADAS Recalibration

Unit Shipment Forecast—ADAS Recalibration

Market Share of Key Manufacturers—North America

Key Manufacturers by Product Lines—North America

Distribution Model—Stakeholders’ Involvement

Distribution Models—North American Collision Repair Equipment Market

Distribution Models—North American Collision Repair Equipment Market (continued)

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

Factors Influencing Manufacturer Pricing—North American Collision Repair Equipment Market (continued)

Vehicle Service Group (VSG, Chief Technology)—Company Profile

Vehicle Service Group (VSG, Chief Technology)—Company Profile (continued)

Snap-on (Car-O-liner & Hofmann Equipment)—Company Profile

Snap-on (Car-O-liner & Hofmann Equipment)—Company Profile (continued)

Spanesi Americas—Company Profile

Spanesi—Company Profile (continued)

Auto Body Repair of America (ABRA)/Caliber—Company Profile

Auto Body Repair of America (ABRA)/Caliber—Company Profile (continued)

Service King—Company Profile

Service King—Company Profile (continued)

Boyd Group—Company Profile

Boyd Group—Company Profile (continued)

Key Takeaways

Growth Opportunity—ADAS Recalibration

Growth Opportunity—Focus on Product Development and Direct Distribution to help Equipment Manufacturers to Improve Revenue

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Analysis of Key Collision Repair Service Providers—North America

Analysis of Key Collision Repair Service Providers—North America (continued)

Overview of Collision Coverage in Auto Insurance

Overview of DRP

COVID-19 Timeline-based Scenario Analysis—Impact on Auto Insurance

Unit shipment in the North American collision repair equipment market is expected to grow in the coming years. 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. 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.--BEGIN PROMO--

Research Scope

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.

The overall collision repair equipment market is broadly classified into holding, pulling, measuring, welding, and ADAS recalibration along with data requirements. These broad equipment categories are further classified into sub-equipment categories such as holding – anchor for pull, parts holding; pulling – racks, benches; measuring – single point, multi-point, handheld; welding – MIG, spot welding (STRW), riveting; Data – repair method (one-time access), repair method (multi access), estimating software; and ADAS recalibration.

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

Author: Jagadeesh Chandran

More Information
No Index No
Podcast No
Author Jagadeesh Chandran
Industries Automotive
WIP Number K529-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6