Automotive Garage Equipment Market Growth, Size, Trends, Revenue, Share and Future Outlook
Automotive Garage Equipment Market Size- By Type, By Application, By Installation, By Function - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: AMIN24108 | Pages: 1 - 224 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Garage Equipment Market Introduction and Overview
According to SPER Market Research, the Global Automotive Garage Equipment Market is estimated to reach USD 38.24 billion by 2033 with a CAGR of 7.71%.
The report includes an in-depth analysis of the Global Automotive Garage Equipment Market, including market size and trends, product mix, applications, and supplier analysis. The term "automotive garage equipment" describes a broad spectrum of instruments and equipment utilized in auto repair and maintenance facilities. This equipment is intended to help technicians and mechanics diagnose, fix, and service cars more effectively. Air compressors, tire changers, wheel balancers, diagnostic scanners, brake lathes, and vehicle lifts are examples of common equipment found at automotive garages. Tire changers and wheel balancers make it easier to remove, install, and balance tires, while vehicle lifts are used to raise cars so that their undercarriages are easily accessible. While brake lathes are used to resurface brake rotors, diagnostic scanners help detect and troubleshoot issues with vehicles. Pneumatic tool power is provided by air compressors. Equipment for auto garages is essential for maintaining the safety and efficient operation of automobiles as well as increasing the output of auto repair shops.
- September 2022; Two exhaust emissions testers for auto workshops, the DX280 DC and the CCP800, were introduced by Continental AG. Continental employed this tactic to broaden its selection of workshop equipment, preparing testing facilities and garages for impending regulatory restrictions on vehicle particle emissions.
- January 2020; The decelerometer from Boston Garage Equipment is user-friendly and completely wireless. As soon as the device is close by, the equipment can use Bluetooth to automatically communicate the data to the control PC.
Market Opportunities and Challenges
The Global Automotive Garage Equipment market is primarily driven by increasing car ownership globally. The number of cars on the road rises in tandem with the world's population, particularly in emerging economies. The demand for equipment used in automotive garages is directly impacted by this increase in car ownership. The need for equipment and tools for regular upkeep, repairs, and diagnostics drives the demand for a broad variety of garage equipment, serving both owners and service providers.
The high initial cost of purchasing complex and cutting-edge equipment is one of the main obstacles facing the global automotive garage equipment industry. Purchasing advanced diagnostic equipment, specialty gear, and smart garage equipment can be financially difficult for many auto shops, especially smaller independent ones. A obstacle to the general use of advanced garage technologies is the unwillingness or incapacity to make significant upfront investments, which restricts the accessibility of these technologies to specific market sectors.
Market Competitive Landscape
The market for automobile garage equipment is thought to be extremely fragmented and competitive. The worldwide automotive garage equipment market is highly competitive due to the presence of numerous players. To secure a strong position in the market as a whole, rivals are collaborating strategically through joint ventures, merger and acquisition plans, and other means. Arex Test Systems bv, Gray Manufacturing, Snap-On Incorporated, Vehicle Service Group SM, Bosch Limited, Continental AG, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Boston Garage Equipment Ltd, M/s Samvit Garage Equipments, Sarveshwari Engineers, Guangzhou Jingjia Auto Equipment Co., Ltd., Boston Garage Equipment Ltd, Euro Car Parts Ltd T/A LKQ Coatings, and Aro Equipments Pvt Ltd. ISTOBAL, Con Air Equipments Private Limited, Oil Lube Systems Pvt Ltd and Gray Manufacturing are the leading companies included in the automotive garage equipment market report.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application, By Installation, By Function |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Arex Test Systems bv, Gray Manufacturing, Snap-On Incorporated, Vehicle Service Group SM, Bosch Limited, Continental AG, MAHA Maschinenbau Haldenwang GmbH & Co KG, Boston Garage Equipment Ltd, M/s Samvit Garage Equipments. |
COVID-19 Impact on Global Automotive Garage Equipment Market
The COVID-19 pandemic had a detrimental influence on the market since initial lockdowns resulted in garage closures and a decrease in vehicle manufacturing. But as regulations loosened in the first half of 2021, the market picked up steam again. Since the majority of consumers began using personal vehicles to suit their daily commuting demands, used car sales and consumer propensity toward vehicle maintenance have been the primary drivers of consumer demand in the automotive sector.
Key Target Audience:
- Automotive Garage Owners
- Automotive Technicians
- Automotive Dealerships
- Automotive Manufacturers
- Automotive Aftermarket Suppliers
- Automotive Service Centers
- Research and Development Institutions
- Others
Our in-depth analysis of the Automotive Garage Equipment Market includes the following segments:
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Key Topics Covered in the Report:
- Global Automotive Garage Equipment Market Size (FY’2024-FY’2033)
- Overview of Global Automotive Garage Equipment Market
- Segmentation of Global Automotive Garage Equipment Market By Type (OEM, Independent)
- Segmentation of Global Automotive Garage Equipment Market By Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing)
- Segmentation of Global Automotive Garage Equipment Market By Installation (Mobile, Fixed)
- Segmentation of Global Automotive Garage Equipment Market By Function (Mechanical, Electronic)
- Statistical Snap of Global Automotive Garage Equipment Market
- Expansion Analysis of Global Automotive Garage Equipment Market
- Problems and Obstacles in Global Automotive Garage Equipment Market
- Competitive Landscape in the Global Automotive Garage Equipment Market
- Impact of COVID-19 and Demonetization on Global Automotive Garage Equipment Market
- Details on Current Investment in Global Automotive Garage Equipment Market
- Competitive Analysis of Global Automotive Garage Equipment Market
- Prominent Players in the Global Automotive Garage Equipment Market
- SWOT Analysis of Global Automotive Garage Equipment Market
- Global Automotive Garage Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Automotive Garage Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Garage Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Garage Equipment Market
7. Global Automotive Garage Equipment Market, By Type (USD Million)
7.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Type, 2024-20337.2. OEM7.3. Independent
8. Global Automotive Garage Equipment Market, By Application (USD Million)
8.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Application, 2024-20338.2. Body Shop8.3. Diagnostic & Testing8.4. Emission8.5. Lifting8.6. Wheels & Tire8.7. Washing
9. Global Automotive Garage Equipment Market, By Installation (USD Million)
9.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Installation, 2024-20339.2. Mobile9.3. Fixed
10. Global Automotive Garage Equipment Market, By Function (USD Million)
10.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Function, 2024-203310.2. Mechanical10.3. Electronic
11. Global Automotive Garage Equipment Market Forecast, 2020-2033 (USD Million)
11.1. Global Automotive Garage Equipment Market Size and Market Share
12. Global Automotive Garage Equipment Market, By Type 2020-2033 (USD Million)
12.1. Global Automotive Garage Equipment Market Size and Market Share By Type (2020-2026)12.2. Global Automotive Garage Equipment Market Size and Market Share By Type (2027-2033)
13. Global Automotive Garage Equipment Market, By Application, 2020-2033 (USD Million)
13.1. Global Automotive Garage Equipment Market Size and Market Share By Application (2020-2026)13.2. Global Automotive Garage Equipment Market Size and Market Share By Application (2027-2033)
14. Global Automotive Garage Equipment Market, By Installation 2020-2033 (USD Million)
14.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Installation, (2020-2026)14.2. Global Automotive Garage Equipment Market Value Share and Forecast, By Installation, (2027-2033)
15. Global Automotive Garage Equipment Market, By Function 2020-2033 (USD Million)
15.1. Global Automotive Garage Equipment Market Value Share and Forecast, By Function, (2020-2026)15.2. Global Automotive Garage Equipment Market Value Share and Forecast, By Function, (2027-2033)
16. Global Automotive Garage Equipment Market, By Region, 2020-2033 (USD Million)
16.1. Global Automotive Garage Equipment Market Size and Market Share By Region (2020-2026)16.2. Global Automotive Garage Equipment Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Arex Test Systems bv17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Gray Manufacturing17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Snap-On Incorporated17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Vehicle Service Group SM
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Bosch Limited17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Continental AG17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. MAHA Maschinenbau Haldenwang GmbH & Co. KG17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Boston Garage Equipment Ltd17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. M/s Samvit Garage Equipments17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. VisiCon Automatisierungstechnik GmbH17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Garage Equipment Market is projected to reach USD 38.24 billion by 2033, growing at a CAGR of 7.71% during the forecast period.
Automotive Garage Equipment Market grew in market size from 2024. The Market is expected to reach USD 38.24 billion by 2033, at a CAGR of 7.71% during the forecast period.
Automotive Garage Equipment Market CAGR of 7.71% during the forecast period.
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Automotive Garage Equipment Market size is USD 38.24 billion from 2024 to 2033.
Automotive Garage Equipment Market Segment is Covered By Type, By Application, By Installation, By Function
The North America region is anticipated to have the highest market share in Automotive Garage Equipment Market.
The key players in the market include Companies Covered ACTOM PTY LTD, Bridgestone Corporation, Dynamic Solutions Systems, DynaTronic Corporation Ltd., GERB, Isolation Technology Inc., MUPRO Services GmbH, Resistoflex (P) Ltd. And VSL International Ltd.
The demand for equipment used in automotive garages is directly impacted by this increase in car ownership.
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