Key Highlights
- The global automotive collision repair market was valued at approximately $290 billion in 2022.
- The average cost of a vehicle repair due to collision damage is around $2,500.
- Approximately 6 million accident-related vehicle repairs are performed annually in the United States.
- The collision repair industry employs over 400,000 technicians nationwide.
- Around 40% of collision repairs are for minor vehicle damages, such as bumpers and paint.
- The average turnaround time for a collision repair is about 10 days.
- Approximately 65% of consumers prefer OEM parts for collision repairs.
- The use of advanced driver-assistance systems (ADAS) increases the complexity of collision repairs by 30%.
- In 2022, the number of reported motor vehicle crashes in the U.S. was over 6.5 million.
- The average insurance claim payout for collision repairs in the U.S. is approximately $3,300.
- Intelligent estimating tools are used in over 70% of collision repair shops.
- The global market for collision avoidance systems is projected to reach $20 billion by 2025.
- The average age of vehicles in the U.S. is nearly 12 years, increasing the need for collision repairs.
Did you know that the booming collision repair industry, valued at nearly $290 billion worldwide, is undergoing a high-tech transformation driven by advancements like AI diagnostics, 3D printing, and electric vehicle repairs, all while handling over six million accident-related repairs annually in the U.S.?
Cost and Economic Impact
- The average cost of a vehicle repair due to collision damage is around $2,500.
- The average turnaround time for a collision repair is about 10 days.
- Approximately 65% of consumers prefer OEM parts for collision repairs.
- The use of advanced driver-assistance systems (ADAS) increases the complexity of collision repairs by 30%.
- The average insurance claim payout for collision repairs in the U.S. is approximately $3,300.
- The average age of vehicles in the U.S. is nearly 12 years, increasing the need for collision repairs.
- The frequency of insurance claims related to hit-and-run accidents increased by 10% in 2022.
- The median repair cost for a crash involving a Tesla Model S is approximately $16,000.
- The average cost to repair a vehicle after a frontal collision is approximately $3,500.
- The number of insurance claims filed for minor vehicle damages increased by 7% year over year.
- 60% of collision repair shops report difficulty in sourcing OEM parts during supply chain disruptions.
- The average time for frame straightening repairs is approximately 2 days.
- The collision industry contributes roughly 1% to the Gross Domestic Product (GDP) of the United States.
- Nearly 70% of collision repairs in urban areas involve insured vehicles.
- The average vehicle repair invoice amount for collision damage is increasing by 2% annually.
Cost and Economic Impact Interpretation
Employment and Industry Workforce
- The collision repair industry employs over 400,000 technicians nationwide.
- The average number of training hours per technician annually is 40 hours for industry certifications.
- The average age of collision repair technicians is 45 years.
- The unemployment rate among collision repair technicians is below 4%.
- The collision industry’s annual safety training participation rate is over 85% among technicians.
- The average repair shop has about 10 employees.
Employment and Industry Workforce Interpretation
Market Size and Scope
- The global automotive collision repair market was valued at approximately $290 billion in 2022.
- Approximately 6 million accident-related vehicle repairs are performed annually in the United States.
- In 2022, the number of reported motor vehicle crashes in the U.S. was over 6.5 million.
- The global market for collision avoidance systems is projected to reach $20 billion by 2025.
- The collision repair industry’s revenue growth is projected at a compound annual growth rate (CAGR) of 3.2% through 2027.
- Franchised collision centers account for approximately 65% of the U.S. collision repair market.
- The average body shop processes about 4-6 vehicles per day.
- Approximately 25% of collision repair shops are family-owned businesses.
- The global OEM collision repair parts market is valued at over $30 billion.
- The average annual number of vehicle paint jobs in collision repairs is over 10 million in the U.S.
- The average size of a collision repair shop is about 4,000 square feet.
- The market for vehicle glass repair and replacement is valued at over $6 billion globally.
- The auto body repair industry is expected to grow at a CAGR of 3% from 2023 to 2030.
- Approximately 12% of collision repairs involve heavy-duty vehicles.
- The number of registered electric and hybrid vehicles globally surpassed 300 million in 2022.
Market Size and Scope Interpretation
Technological and Industry Trends
- Intelligent estimating tools are used in over 70% of collision repair shops.
- About 15% of collision repair shops employ robotic repair technologies.
- The rise of electric vehicles has led to a 25% increase in specific repair procedures in collision repairs.
- 85% of collision repairs are completed within 14 days in major U.S. cities.
- The use of water-based paint in collision repairs increased to over 50% in 2022.
- The number of electric vehicle collision repairs is expected to grow by 30% annually over the next five years.
- Telematics data is increasingly used to assess damages and streamline claims, with 60% of repair shops adopting this technology.
- The use of 3D printing for spare parts in collision repair is growing, with 10% of shops experimenting with the technology.
- Over 90% of collision repair shops use some form of digital vehicle inspection.
- The adoption rate of EV-specific repair training among collision technicians is about 15%.
- About 55% of vehicle owners opt for aftermarket parts rather than OEM parts for repairs.
- The penetration of advanced collision repair estimating software is nearly 80%.
- The percentage of repair shops utilizing eco-friendly practices increased to 45% in 2022.
- Over 50% of collision repair businesses have adopted online scheduling and customer communication platforms.
- The percentage of vehicles repaired for hail damage increased by 12% in 2022.
- The global adoption of aluminum in vehicle repair increased by 18% in the last five years.
- The use of augmented reality (AR) for repair estimates is emerging, with 5% of shops piloting the technology.
- Approximately 4% of collision repairs involve hybrid vehicles.
- Approximately 30% of collision repair procedures are completed using environmentally sustainable practices.
- The utilization of data analytics in collision damage prediction is at 55% among advanced repair shops.
- About 80% of collision repairs now include some form of digital imaging.
- The number of collision repair shops that have implemented sustainability certifications increased by 25% over the last three years.
- The use of AI-based diagnostic tools in collision repair is reported in 10% of shops.
Technological and Industry Trends Interpretation
Types and Severity of Collisions
- Around 40% of collision repairs are for minor vehicle damages, such as bumpers and paint.
- The percentage of collisions resulting in total vehicle loss is approximately 15%.
Types and Severity of Collisions Interpretation
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