U.S. Automotive Collision Repair Market is expected to grow with the CAGR of 2.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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U.S. automotive collision repair market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the U.S. automotive collision repair market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• in October 2020, company Tenneco Inc.’s one of the brand product Moroe of DRiV division will provide Intelligent Suspension CVSA2 electronic dampers for sixth edition of limited-edition Mercedes-AMG Black Series cars for featuring a new advanced multi-stage adjustable damping. This CVSA2 technology will provide comfortable and on-track performance and are lightweight. This new advanced suspension system will help in getting chance for new collaboration with other leading car manufacturers for providing advanced suspension electronic dampers and increase their sales.

3M is the dominating player in the U.S. automotive collision repair market. The other key players existing in the market includes DENSO CORPORATION, Robert Bosch GmbH, Tenneco Inc., ZF Friedrichshafen AG, DuPont, American Auto Body, Continental AG, BASF SE and VALEO among others.

3M

3M is headquartered in Minnesota, U.S. which was established in 1902. The company focuses in providing technological solutions for various businesses such as transportation and electronics, safety and industrial and healthcare. The company offers wide range of product categories such as auto care, collision repair, facility safety, OEM & tier and post factory installation among which collision repair is focused category. They operate their business through safety and industrial, transportation and electronics, health care and consumer while transportation and electronics is focused category.  

For instance,

• In July 2018, 3M’s automotive aftermarket division has announced its new app or tools for mobile devices which will allow the repairing professionals or distributer’s sales staff to receive all the information needed for the collision repair directly on their mobile phones. This app is available for free on the app store for android and apple and is user-friendly. Body shop technicians and sales staff can now access the 3M expert information without accessing desktop and on their fingertips. This app will help the company to connect with more distributers and body shop professionals closely and to expand business more.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as 3M Japan Limited (Japan), 3M India Limited (India), 3M Canada Company (Canada), Meguiar's, Inc. (U.S.), Capital Safety (U.S.), Ceradyne (U.S.) and 3M Unitek Corporation (U.S.) among others.

Robert Bosch GmbH

Robert Bosch GmbH is headquartered in Stuttgart, Germany which was established in year 1886. The company focuses in providing products, services and technology such as mobility solutions, technology and consumer goods for various applications. The company offers various product categories such as mobility, industry, and agriculture among which mobility is focused category. They operate their business through mobility solutions, industrial technology, consumer goods, energy and building technology while mobility solutions are focused category. 

For instance,

• In October 2020, Robert Bosch GmbH has expanded their existing range of hydraulic steering systems, for various vehicle manufacturers. Specifically if a car get damage in an accident the steering wheel systems generally needs to replaced, because of safety issues. This new steering system is remanufactures from old components which allow savings of raw materials. This new range will help Bosch in increasing its significant market of hydraulic steering systems in other regions.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as BSH Hausgeräte (Germany), Dremel (U.S.), Bosch Rexroth (U.S.), Bosch Thermotechnik GmbH (Germany) and Bosch Sicherheitssysteme (U.S.) among others.

DENSO CORPORATION

DENSO CORPORATION is headquartered in Kariya, Japan, which was founded in 1949. The company engaged in providing and manufacturing of thermal, powertrain systems, mobility and electrification systems to car manufacturers and others around the world.. The company has product categories which are Mobility, Agriculture, Home and Industry in which Mobility is market focused category. They operate their business through automotive (thermal systems, powertrain systems, electrification systems, mobility systems and electronic systems) and non-automotive (FA and agriculture) while automotive is focused category.  

For instance,

• In September 2020, DENSO CORPORATION developed a new Electric Power Steering Motor Control Unit (EPS-MCU), for delivering enhanced handling and safety to the vehicles. The product has been featured in TOYOTA NEW HARRIER, released in June 2020. The new product maintains two drive circuits and motor windings to simplify the structure while integrating multiple components. Various automakers will use this products these products. This newly launched product will help companies to enhance their product line.

The company has wide global presence across the globe such as Americas, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Denso Ten (Japan), DENSO Products and Services Americas, Inc. (U.S.), DENSO International America, Inc. (U.S.), DENSO International Europe B.V. (Europe), BluE Nexus Corporation (Japan)  and others.