Automotive Collision Repair Market Overview
The Canadian automotive collision repair market is expected to witness positive growth through 2022 due to increasing road accidents and vehicle damage. Additionally, rising demand for vehicles in the Canadian automotive market owing to shifting preferences towards personal mobility is expected to further escalate the automotive collision repair market share. However, downward pressure on pricing from customers is compelling companies in the automotive collision repair market to search for new ways to reduce cost and increase productivity. In addition, as technologies are becoming more advanced, keeping up with industry transformations and market developments is becoming imperative for companies in the automotive collision repair market to gain a leading edge.
Automotive collision repair companies must focus on improving production models and potentially increasing scale to afford greater purchasing power, flexibility and the ability to handle new complex repairs. By thoroughly monitoring the market developments and customers’ requirements, our experts can help you to achieve these strategic objectives. Request a FREE proposal today.
Business Challenges Faced
The client is an automotive collision repair technician based out of Canada. They faced challenges in meeting the growing demands of customers as well as the Canadian regulatory demand for safety features such as electronic stability control, doubled roof strength standards for light vehicles, and higher standards for fuel economy and emissions. In addition, as the complexity of vehicles increased yearly, the client did not have the capital necessary to support the significant investment in the training and special tools required to repair these vehicles. Also, the automotive collision repair client noted that their competitors invested heavily into cost-effective technologies and processes to increase flexibility and ease complex repairs. The client, therefore, wanted to keep pace with the new materials and technologies gaining popularity in their target market. They partnered with Infiniti Research to leverage their expertise in offering market monitoring analysis.
With Infiniti’s market monitoring analysis engagement, the automotive collision repair market client also wanted to tackle other challenges including:
Reducing cost through technology – The automotive collision repair market client wanted to identify the latest technologies and evaluate the cost of implementation of modern ERP systems and advanced analytics software.
Reducing costs through supplier contracts – The client wanted to reduce costs by negotiating terms and prices with major suppliers.
Reducing costs by streamlining logistics – The client wanted to streamline logistics by leveraging tools for advanced planning and scheduling, mobile inventory management, and supply chain integration.
The automotive collision repair market is expected to witness huge transformations over the coming years. Our market research experts can help you keep pace with market transformations and developments. Contact us today.
Our Integrated Approach and Solution
The experts at Infiniti Research carried out a detailed secondary research through 750+ sources for target market landscaping. Also, the experts conducted 200+ semi-structured interviews with automotive collision repair market experts and business executives. As a part of the market monitoring analysis engagement, the experts developed a market forecast and opportunity model to recommend critical success factors for business growth and expansion.
Infiniti’s proposed market monitoring analysis solution also explored the automotive collision repair market landscape in Canada, covering market values, trends and competitive landscape. Besides, the experts assessed the rising customer needs as well as the Canadian regulatory demands. The experts provided the client with a detailed report of the capital requirement for implementing new technologies and processes. In addition, the experts provided a comprehensive list of the client’s key competitors and their market share. The experts at Infiniti Research also explored the cost reduction processes leveraged by the top automotive collision repair companies in Canada.
With Infiniti’s market monitoring analysis solution, the automotive collision repair market client was able to understand the Canadian regulatory demand and identify customers’ requirements. Also, the client was able to keep pace with the latest technologies and processes in the Canadian automotive industry. In addition, they were able to evaluate the capital necessary to support the significant investment in training workers and into special tools required to repair new vehicles. By understanding customers’ choices and preferences regarding vehicles, they were able to develop strategies accordingly and subsequently increase flexibility.
Also, by assessing competitors’ offerings, new business strategies, and market position, the experts helped the client to focus on improving production models and maximizing market share. As recommended by the experts at Infiniti Research, the client invested into modern ERP systems, which subsequently helped them to increase production efficiency.
Besides, by devising a sound contract negotiation strategy, the experts helped the client to negotiate terms and prices with major suppliers. This further helped the client to reduce costs through supplier contracts. In addition, by leveraging tools for advanced planning and scheduling, mobile inventory management, and supply chain integration, the automotive collision repair market client was able to reduce inventory costs and better manage supply chain operations.
Within one year of leveraging Infiniti’s market monitoring analysis solution, the client was able to reduce operating costs by 30%, generating over $4.8 million in savings.
Want to know more about our services for companies in the automotive collision repair market? Request more info and our experts will get in touch with you with comprehensive insights.