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July 24, 2018 – The body repair market business figure is expected to be valued at $ 280 billion by 2024, according to a report by Global Market Insights Inc., Markets Insider
According to the report, continued technological improvements in ancillary products and services such as embossing, painting and body maintenance will have a positive impact on the automotive industry. collision repair market up to 2024.
The finishing compounds of the collision repair market will show a growth rate of about 4 percent from 2018 to 2024. The paints and coatings are commonly used in the automotive touch-up application, according to the report. This increase in penetration can be attributed to the increase in road traffic that presents a risk of scratches, small bumps and small accidents, which contributes to the growth of the industry.
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