Main benefits of Collections Framework in Java are as follows:
1. Reusability: Java Collections Framework provides
common classes and utility methods than can be used with
different types of collections. This promotes the reusability
of the code. A developer does not have to re-invent the
wheel by writing the same method again.
2. Quality: Using Java Collection Framework improves the
program quality, since the code is already tested and used
by thousands of developers.
3. Speed: Most of programmers report that their development
speed increased since they can focus on core logic and use
the generic collections provided by Java framework.
4. Maintenance: Since most of the Java Collections
framework code is open source and API documents is
widely available, it is easy to maintain the code written
with the help of Java Collections framework. One
developer can easily pick the code of previous developer.