Collision repair market grows five percent

From 2006 to 2007 total collision repair industry sales grew five percent from 2006 to 2007 and now currently stand at $41.5 billion.

ABRN Wire Reports

Jan. 1, 2020

2 min read

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BETHESDA, Md – From 2006 to 2007 total collision repair industry sales grew five percent from 2006 to 2007 and now currently stand at $41.5 billion, says the 2008 Collision Repair Trends: Industry Statistics & Analysis, published by the Automotive Aftermarket Industry Association (AAIA). Independent paint and body repair shops made up more than half of the collision repair market at $23.5 billion.

Kathleen Schmatz, AAIA president and CEO, declared, "It is significant to note that over the past seven years, the collision repair market has increased at a compounded annual growth rate (CAGR) of 5.3 percent per year compared to an overall aftermarket growth of 4.1 percent per year during the same period.”

Key drivers contributing to the growth of the collision market include:

* Increases in the number of registered vehicles.
* Miles driven on U.S. roads.
* Increased road congestion.
* The higher cost of collision repair per vehicle.

2008 Collision Repair Trends: Industry Statistics & Analysis is available for $125 for AAIA members and $250 for non-members. For more information or to order the report, visit the AAIA Commerce Center at www.aftermarket.org or call 301-654-6664.