- A steady rise in vehicle ownership, combined with increased accident rates, is contributing to the demand for effective and time-efficient collision repair services across the U.S.
- In addition, the growing complexity of modern vehicles has led to higher repair costs, boosting revenue for service providers offering OEM parts and advanced repair methods
- The spare parts segment dominated the market with the largest revenue share of 38.5% in 2024, driven by consistent demand for damaged structural components such as bumpers, hoods, fenders, and headlights. The rise in collision frequency and increasing vehicle complexity are driving the need for high-quality OEM and aftermarket spare parts. In addition, insurance-driven repairs often require complete part replacement, contributing to this segment's leading position
