Automotive Restoration Market

Automotive Restoration Market by Vehicle Type (Passenger Cars and Commercial Vehicles), Service (Partial Restoration and Full/Complete Restoration), Application (Classic Car Restoration, Muscle Car Restoration, Antique Car Restoration, and Luxury Car Restoration) and Region - Global Forecast to 2030

Report Code: UC 6185 Dec, 2024, by marketsandmarkets.com

Automobile restoration is the process of repairing the degraded aspect of an automobile into an overall “authentic” condition. A vehicle restoration is typically a process of reconditioning it from a used condition. This process helps to return the vehicle like-new condition with the help of either original parts or reproduction parts and techniques. This process includes restoration of the interior, exterior, and the engine as well.

The global automotive restoration market is projected to reach USD 2.3 billion by 2030 from an estimated USD 5.5 billion in 2022, at a CAGR of 11.2% from 2022 to 2030. Automotive restoration is regarded as a booming business primarily supported by car enthusiasts, auctioneers, and auto clubs. Factors such as increasing inclination towards vintage as well as classic cars, and increasing purchasing power parity of an individual, are expected to drive the demand for automotive restoration services.

Automotive Restoration Market

Market Dynamics

DRIVERS: Increasing collection of vintage cars

The growing collection/sales of vintage cars as well as classic cars increases the scope for automobile restoration services. Most people regard driving vintage cars and rebuilding them as their hobby. Subsequently, people from elite economic background tend to have higher interest in purchasing classic car models and restoring them for leisure. For instance, most of the classic models such as Mercedes-Benz 300SE, GMC Typhoon, and Porsche Carrera GT, among others have seen double-digit increases in terms of sales. Thus, growing sales of vintage cars as well as classic cars, is anticipated to increase the revenue growth of the automotive restoration market during the forecast period.

DRIVERS: Rapid urbanization as well as increasing purchasing power parity

Increasing rapid urbanization along with rising purchasing power parity of an individual has positively affected the sales of classic and vintage cars. In addition, with more and more families having moved to higher economic status, their demands have changed in line with new lifestyles, leading to change in their preferences. This in turn has also increase the demand for vintage cars across the globe. All these aforementioned factors are expected to increase the demand for automotive restoration services, which in turn, will increase the market growth prospects in the coming years.

Opportunity: Rising demand for premium car segment

The automotive industry witnessed a steady recovery post-2020, with increased vehicle production as well as vehicle sales. For instance, as per OICA, in 2020, motor vehicle production in China was 25.2 million units, reaching 26.0 million units in 2021. Similarly, in India, motor vehicle production was 3.3 million units in 2020, reaching 4.3 million units in 2021. Further, the demand for premium passenger cars is expected to grow at a noticeable rate in the foreseeable future, especially in the countries such as US, Canada, Germany, Spain, Japan, UK, and France, among others. For instance, as per Inspop.com Ltd., the combined sales of luxury car in US were 5.1 million units from 2016-2020. Similarly, in Japan, the combined sales of luxury car were 1.3 million units from 2016-2020. Thus, increasing demand for premium car is likely to increase the demand for automotive restoration services in the future. This in turn, is likely to support the revenue growth of the automotive restoration market during the forecast period.

Automotive Restoration Market

Key Market Players

The automotive restoration market is dominated by major players such as Automotive Restorations Inc (US), American Auto Restoration (US), SL Classics (Germany), Armadillo Auto Restoration (US), Royal Vintage Cars (India), Collector Car Services (US), Muscle Car Restorations Inc. (US). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Want to explore hidden markets that can drive new revenue in Automotive Restoration Market?

Scope of the Report

Report Metrics

Details

Base year for estimation 2022
Forecast period 2022 – 2030
Market Growth and Revenue forecast $ 5.5 Bn by 2030 at a CAGR of 11.2%
Top Players Automotive Restorations Inc (US), American Auto Restoration (US), SL Classics (Germany), Armadillo Auto Restoration (US), Collector Car Services (US), and Muscle Car Restorations Inc. (US).
Fastest Growing Market Asia Pacific
Largest Market North America
Segments covered
By Vehicle Type Passenger Cars and Commercial Vehicles
By Service Partial Restoration and Full/Complete Restoration
By Application Classic Car Restoration, Muscle Car Restoration, Antique Car Restoration, and Luxury Car Restoration
By Region North America - US, Canada, and Mexico
Europe - Germany, Italy, France, UK, and Spain
Asia Pacific - China, Japan, South Korea, and India
Rest of the World - Argentina, and Brazil
Additional Customization to be offered Profiling of Additional Market Players (Up to 5)

Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs

Recent Developments

  • In December 2021, Muscle Car Restorations, Inc. expanded its offsite storage building (Wisconsin, US) which is a 10,000 square foot space for holding customer cars and parts.
  • In October 2021, Hahn Auto Restoration deployed 3D scanning and printing in order to produce custom fiat-hellcat car.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 DATA TRIANGULATION
    2.5 FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 32)

4 PREMIUM INSIGHTS (Page No. - 40)

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
           5.2.5 IMPACT ANALYSIS OF MARKET DYNAMICS
    5.3 CASE STUDY ANALYSIS
    5.4 PRICING ANALYSIS
    5.5 SUPPLY CHAIN ANALYSIS
    5.6 TRENDS AND DISRUPTIONS IN AUTOMOTIVE RESTORATION MARKET
    5.7 AUTOMOTIVE RESTORATION MARKET: SCENARIO ANALYSIS, 2022-2030
           5.7.1 OPTIMISTIC SCENARIO
           5.7.2 MOST LIKELY SCENARIO
           5.7.3 PESSIMISTIC SCENARIO

(MnM will provide regional market size in terms of value in scenario analysis)

6 AUTOMOTIVE RESTORATION MARKET, BY VEHICLE TYPE (Page No. - 64)
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 OPERATIONAL DATA
           6.1.3 KEY INDUSTRY INSIGHTS
    6.2 PASSENGER CARS
    6.3 COMMERCIAL VEHICLES

NOTE: *The market size will be provided at regional level in terms of value (USD Billion)

7 AUTOMOTIVE RESTORATION MARKET, BY SERVICE (Page No. - 64)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 OPERATIONAL DATA
           7.1.3 KEY INDUSTRY INSIGHTS
    7.2 PARTIAL RESTORATION
    7.3 FULL/COMPLETE RESTORATION

NOTE: *The market size will be provided at global level in terms of value (USD Billion)

8 AUTOMOTIVE RESTORATION MARKET, BY APPLICATION (Page No. - 64)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 OPERATIONAL DATA
           8.1.3 KEY INDUSTRY INSIGHTS
    8.2 CLASSIC CAR RESTORATION
    8.3 MUSCLE CAR RESTORATION
    8.4 ANTIQUE CAR RESTORATION
    8.5 LUXURY CAR RESTORATION

NOTE: *The market size will be provided at global level in terms of value (USD Billion)

9 AUTOMOTIVE RESTORATION MARKET, BY REGION (Page No. - 74)
    9.1 INTRODUCTION
    9.2 ASIA PACIFIC
           9.2.1 CHINA
           9.2.2 JAPAN
           9.2.3 INDIA
           9.2.4 SOUTH KOREA
    9.3 EUROPE
           9.3.1 FRANCE
           9.3.2 GERMANY
           9.3.3 SPAIN
           9.3.4 ITALY
           9.3.5 UK
    9.4 NORTH AMERICA
           9.4.1 US
           9.4.2 CANADA
           9.4.3 MEXICO

*Note: Market Size would be provided in terms of Value (USD Billion)

10 COMPETITIVE LANDSCAPE (Page No. - 129)
     10.1 OVERVIEW
     10.2 MARKET SHARE ANALYSIS – AUTOMOTIVE RESTORATION
     10.3 COMPETITIVE SCENARIO
             10.3.1 NEW PRODUCT DEVELOPMENTS
             10.3.2 EXPANSIONS
             10.3.3 PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES/AGREEMENTS/MERGERS & ACQUISITIONS
     10.4 COMPETITIVE LEADERSHIP MAPPING
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANTS
     10.5 STARTUP/SME EVALUATION QUADRANT
     10.6 WINNERS VS. TAIL-ENDERS

11 COMPANY PROFILES (Page No. - 138)
(Business overview, Products offered, Recent Developments, MnM view)*
     11.1 AMERICAN AUTO RESTORATION
     11.2 AUTOMOTIVE RESTORATIONS INC
     11.3 HAHN AUTO RESTORATION
     11.4 COLLECTOR CAR SERVICES
     11.5 MUSCLE CAR RESTORATIONS INC
     11.6 PRECISION RESTORATIONS
     11.7 FARLAND CLASSIC RESTORATION INC
     11.8 INNOVATIVE RESTORATIONS INC
     11.9 ARMADILLO AUTO RESTORATION
     11.10 CLASSIC CAR RESTORATION CLUB
*Details on Business overview, Products/Services offered, Recent Developments, SWOT analysis, might not be captured in case of unlisted companies.
     11.13 OTHER KEY PLAYERS

12 APPENDIX (Page No. - 170)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS


Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
5 0 6 0 1  
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
UC 6185
Available for Pre-Book
Choose License Type
Prebook Now
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Restoration Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
knowledgestore logo

Want to explore hidden markets that can drive new revenue in Automotive Restoration Market?

Find Hidden Markets
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
Website Feedback