EFI Global

The Global Automotive Collision Repair Market Size Is Expected To Reach 208 Billion By 2025

 Tuesday, March 20, 2018


The global automotive collision repair market size is expected to reach USD 208.0 billion by 2025, according to a new study by Grand View Research, Inc. It is expected to exhibit a CAGR of 2.7% during the forecast period.
Technological advancements in claims, insurance, and the automobile aftermarket have led to development of innovative repair techniques and processes, which have significantly widened the scope for growth of passenger and commercial vehicles. Leading manufacturers, including Daimler AG (Germany) and BMW Group (Germany), are using advanced 3D printing technology for manufacturingspare parts and associated automobile components.

Insurers Driving Big Growth In Telematics

 Friday, February 26, 2016

 Insurance Networking News

Automotive Redesigns Expected To Increase Claims Costs

 Monday, August 10, 2015

 Live Insurance News