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The automotive paintless dent removal tools market size is estimated to grow at a CAGR of 5.24% between 2022 and 2027. The market size is forecast to increase by USD 398.73 million. The growth of the market depends on several factors such as the Low cost of PDR tools, the benefits associated with PDR tools to increase aftermarket value of in-vehicle, and the increase in average age of vehicles leads to increasing dent and repairing services.
This automotive paintless dent removal tools market report extensively covers market segmentation by type (pullers, tool kits, and others), application (passenger vehicles and commercial vehicles), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The low cost of PDR tools is driving growth in automotive paintless dent removal. Automotive PDR tools have benefited car owners in terms of the time and money saved by using them. The auto dent repair tools are user-friendly and can be used in a simple, stressless way. In addition to these benefits, there are other factors that are driving the growth of the automotive maintenance and repair services market.
Moreover, the automotive PDR tools available in the market are affordable. An important factor in influencing consumers' awareness has been the price drop and increasing availability of distribution channels, such as e-commerce websites. This will consequently lead to the growth in demand for automotive PDR tools during the forecast period.
The incorporation of business growth strategies by PDR tools and service players is a key trend in the automotive paintless dent removal tools market. Different strategies and methods of making their products marketable are being used by the players active in the worldwide automobile PDR tools market. The prominent players operating in the market have been incorporating different strategies to streamline their businesses.
Moreover, they are also expected to be used as a platform for providing real-time visibility of its business processes with needed scalability and flexibility in order to promote jobs related to the PDR. Such developments are expected to drive the demand for automotive PDR tools, which in turn, are anticipated to drive the growth of the market in focus during the forecast period.
The ineffectiveness of PDR tools in certain cases is a major challenge in the automotive paintless dent removal tools market. Automotive PDR tools are planned to provide cost-effective dent removal and efficiency. They can be successful in the paintless removal of small dents and dings, which are the most common forms of dents sustained by a vehicle.
However, these tools, especially the DIY ones, may not be effective in the removal of certain damages. With most DIY PDR tools, it is not easy to remove dents sustained in the places of heavy sheet metal work. Hence, such instances where DIY PDR tools are not effective in dent removal challenge the growth of the global automotive PDR tools market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Paintless Dent Removal Tools Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
B and D Innovative Tools - The company offers automotive paintless dent removal tools such as dent rods, door hangers, whale tails, and line board reflectors.
The research report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The pullers segment is estimated to witness significant growth during the forecast period. The dent is pulled outward by tightening a screw-like puller. Glue-based puller tools are one of the easiest and most convenient tools used to remove small dents and dings in automotive vehicles.
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The pullers segment was the largest segment and was valued at USD 922.06 million in 2017. To save time and money, vacuum pullers are capable of removing dents and dings of significant size. This is driving the growth rate of the puller segment during the forecast period. In addition, the preference for such tools in developed economies is high, which is further fueling the growth of the global market.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America has a large number of commercial vehicles, and they account for about half of the total in-use vehicles in the region. The automotive PDR tools market in North America is expected to grow during the forecast period primarily because of the increased preference for sports sedans, muscle cars, and high-performance vehicles, together with the presence of a number of players in the North American automotive PDR tool market. In addition, the LCVs segment accounts for the majority of sales across this region. Therefore, the automotive market dynamics in the region also fuel the growth of the market during the forecast period.
In 2020, the outbreak of COVID-19 severely affected the growth of the automotive sector in North America. However, in 2021, the success of vaccination drives across the region and a rise in investment inflows into the auto sector, and assisting in the resumption of import of expensive cars into this part of Europe, brought about the restart of auto manufacturing and related ancillary production facilities and services. As a result of these factors, the growth of the automotive PDR tools market in North America is expected to propel during the forecast period.
The automotive paintless dent removal tools market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Automotive Paintless Dent Removal Tools Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2023-2027 |
USD 398.73 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
5.02 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
B and D Innovative Tools, Chervon Holdings Ltd., Dent Magic Tools Inc., HBC systems AS, MIT AUTOMOBILE, PDR Finesse Tools Inc., ROTAR Machinery Industrial Co. Ltd., Stanners Equipment Ltd., The Tool Connection Ltd., Trigo Group, Ultra Dent Tools Inc., and VEVOR |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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