LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automotive paintless dent removal (PDR) tools market to grow at a CAGR of close to 7% during the period 2018-2022, according to their latest report.
The global automotive PDR tools market is continuously growing owing to awareness among the consumers. The market is witnessing the advent of numerous trends that are positively affecting the growth of the market. The emergence of low-cost PDR body shops that now comprise high-quality technicians’ delivering low-cost PDR jobs is one such trend that can be seen.
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In this report, Technavio analysts highlight the low cost of PDR tools as a key factor contributing to the growth of the global automotive paintless dent removal tools market:
Low cost of PDR tools
Automotive PDR tools come with several advantages and benefits when compared with dent removal from conventional dents shops. The benefits are more than what can be measured in financial terms. The benefits of PDR tools help in increasing the value of the vehicle if sold in the aftermarket. For example, the use of PDR tools allows the vehicle to retain the original factory paint job. The use of such tools also retains the fit and finish of original factory parts as it avoids stamping of parts in case it is required to repair dent at workshops. Additionally, it avoids owners to have long vehicle history report as it saves conventional dent repair and paint job in a workshop. In fact, the resale value of the vehicle reduces with increase in the number of original paint and dent jobs.
According to a senior analyst at Technavio for automotive components, “PDR tools help in maintaining the good resale value of the vehicle. Along with maintaining pre-accident value, the PDR tools also help in retaining pre-accident condition of the vehicle. These factors are helping in driving the growth of the global automotive PDR tools market.”
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Global automotive paintless dent removal tools market – segmentation analysis
This market research report segments the global automotive paintless dent removal tools market into the following key regions, including the Americas, APAC, and EMEA.
The Americas was the leading region for the global automotive paintless dent removal tools market in 2017, accounting for a market share of nearly 70%. By 2022, the Americas is expected to continue dominating the market and register the highest growth of nearly 2%.
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