Impact Analysis of ADAS on the US Collision Repair Market, Forecast to 2030
美國的碰撞維修市場，處於有趣的歧路。車輛的安全性和智慧的法律的改善造成多年的減少趨勢後，不景氣之後，碰撞劇增。許多要素是粗心駕駛，在經濟復甦中VIO的成長，堵塞的增加等為理由。雖然有這樣的趨勢，但是由於先進駕駛輔助系統 (ADAS) 和自動駕駛車，碰撞率預計再次減少。
ADAS Technology is Poised to Change the Course of the Market and Open Up Opportunities for Specialized Repair Services
The collision repair market in the United States is at an interesting crossroad. After years of decline due to improving vehicle safety and smart legislation, crashes have been edging up after the recession. Many factors-distracted driving, growth in vehicles in operation (VIO) in a rebounding economy, and increasing congestion, among others-have been driving this reversal. While these trends have resulted in strong market growth, advanced driver assistance systems (ADAS) and autonomous vehicles are expected to reduce collision rates again, and this time the impact is likely to be more intense.
These factors will transform the market as the cost and the complexity of repair will rise. There will be winners and losers-the latter mainly comprising small local/regional operators that do not have a strategic vision, or deep pockets, to sustain themselves. As a result, consolidation-already on hyper-speed-will continue to accelerate. Frost & Sullivan is of the opinion that challenges and opportunities will exist alongside each other.
Vehicle trends in the United States, including operating volumes, will continue to drive market growth despite strong headwinds from safety technologies and stringent regulations. Collision rates are expected to decline, bucking the trend the country has seen this decade, but the higher cost of vehicle repair will lead to top-line growth. Margin growth, however, will be more problematic. As collision rates decline and as the addressable market shrinks, competitive forces will intensify. Consolidation will be the most obvious outcome, but national chains will have to continue investing in technologies, technicians, and government lobbying to ensure that they have a level playing field with dealers.
This research service aims to offer an in-depth analysis of the US collision repair market for Class 1 vehicles; it also attempts to understand the impact of ADAS technology on the market. The base year is 2019, and the forecast period is from 2020 to 2030. The study compiles findings concluded from various research services and papers published by Frost & Sullivan over the past two years.
Insight is also attained by looking at overall market potential by analyzing key factors that impact collision rate. In addition, Frost & Sullivan tries to understand the contribution of dealers and independent service providers to market revenue. The best practices adopted by key market participants as well as the emerging trends in the market are also discussed.