The Automotive Garage Equipment Market size was valued at USD 7.76 billion in 2023 and is expected to reach USD 11.03 billion by 2031 and grow at a CAGR of 4.5% over the forecast period 2024-2031.
The Automotive Garage Equipment Market is set to experience steady growth, driven by several key factors. The expanding used car market, particularly in developing nations, will increase the demand for diagnostic tools and maintenance equipment to ensure the durability of these vehicles. Secondly, government regulations mandating stricter emission standards, such as India's BS-VI compliance, will boost the need for emission testing equipment, prompting workshops to upgrade their tools. Also, the emergence of electric vehicles (EVs) will create a specialized market for service equipment tailored to their needs. Notably, governments in key markets like China are heavily investing in EV infrastructure, with an estimated USD 150 billion investment by 2025. This investment necessitates a corresponding focus on service stations equipped to handle EVs, driving demand for specialized garage equipment.
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The future garage will embrace technology, with diagnostic tools integrated into cloud-based platforms for remote monitoring and preventive maintenance. This trend presents a lucrative opportunity for manufacturers capable of innovating and adapting to the changing automotive landscape.
KEY DRIVERS:
The Garage Equipment market is primarily driven by an increase in car production and sales
The industry is benefiting from rising customer awareness of safety hazards in automobiles
Market demand is being fueled by an increase in the number of people purchasing preowned cars.
The expanding preference for pre-owned vehicles is unexpectedly propelling the automotive garage equipment market to new heights. With a growing number of budget-conscious consumers opting for used cars, there's a heightened demand for reliable and effective maintenance solutions. This rush in demand extends beyond basic tools, as workshops are now investing in diagnostic equipment to address the complexities associated with older vehicles. As a broader spectrum of vehicles populate the roads, mechanics are seeking advanced tools to ensure precise repairs.
RESTRAINTS:
Repairs are decreasing due to improvements in original equipment components quality and lower costs
The market for garage equipment is being flooded by a variety of laws for frequent car inspections
OPPORTUNITIES:
The rise of the automotive aftermarket is being fueled by the advent of innovative technology.
The automotive aftermarket is witnessing a significant upswing, fueled by ongoing advancements in car technology. It's not merely about introducing new parts for enhanced functionalities. The increasing intricacy of vehicles, incorporating electric and hybrid systems alongside advanced driver-assistance features, necessitates a fresh wave of diagnostic tools and repair equipment. In response, the aftermarket is introducing a wide array of solutions, ranging from AI-enhanced scan tools for mechanics to the utilization of 3D printing for spare parts production. This infusion of technology not only ensures the continued operation of these sophisticated vehicles but also empowers independent repair shops to rival dealerships, thereby fostering a more vibrant and innovative aftermarket landscape.
Because of the advent of more energy-efficient garage equipment, training facilities now have more options
CHALLENGES:
Because there are not enough research and development facilities for automobile testing
A lack of available staff at certain vehicle garage services
The conflict in Ukraine has had a noticeable impact on the automotive garage equipment market, although SNS Insider's analysts suggest it's relatively minor, with an estimated decline of under 5%. Nevertheless, disruptions are evident, particularly in the shortage of crucial raw materials such as neon and palladium, often obtained from the region. As a result, production costs have risen by around 10-15%, putting pressure on manufacturers' margins. The war's repercussions extend further, with chip shortages leading to reduced car production, potentially dampening the demand for new garage equipment. However, there could be a compensatory increase in repairs for older vehicles as consumers postpone purchasing new cars. While the long-term consequences of the conflict are uncertain, it has undoubtedly introduced a level of unpredictability into the automotive garage equipment market.
An economic downturn presents a mixed bag for the automotive garage equipment sector. While new car sales typically decline by 10-20%, reducing demand for equipment used in servicing new vehicles, it can also spur an uptick in maintenance and repair requirements. Strapped for cash, consumers tend to hold onto their existing vehicles, leading to a potential 5% increase in demand for replacement parts and general upkeep. This creates an opportunity for workshops to invest in diagnostic tools and service equipment to manage the influx of older vehicles. However, overall market growth may stall due to the initial drop in new equipment purchases, prompting manufacturers to offer enticing financing options and prioritize cost-effective equipment lines to appeal to budget-conscious repair shops.
The automotive garage equipment market can be categorized based on the types of garages it serves. Authorized by Original Equipment Manufacturers (OEM), which once dominated with a share projected to decline to around 40%, emphasize the use of manufacturer-specific tools and advanced diagnostics to adhere to rigorous service standards. In contrast, independent garages command a larger and expanding market share, estimated to surpass 60%. They attract customers with competitive pricing and a broader vehicle range, relying on versatile and cost-effective equipment. Recognizing these distinct garage profiles is essential for automotive equipment manufacturers to customize their offerings and address the unique requirements of each segment.
The automotive garage equipment market can be divided by application, revealing distinct workshop requirements. Lifting equipment stands out as the dominant segment, commanding approximately 25% of the market share. This category includes indispensable tools such as vehicle lifts, hoists, and jacks, essential for elevating vehicles during repair and maintenance tasks. Close behind is emission testing equipment, projected to experience a growth rate exceeding 5.4% due to increasingly stringent environmental regulations. Body shop equipment and diagnostic & testing tools are expected to hold shares of around 15% each, underscoring the significance of collision repair and accurate problem diagnosis in automotive maintenance. Wheel & tire equipment and washing systems collectively contribute around 10% to the market, while the "Others" segment accounts for the remaining 15%, encompassing various specialized tools and emerging technologies.
In 2023, electrical equipment emerged as the dominant force, commanding approximately 65% of the market share. This ascendancy is propelled by the increasing necessity of electronic control systems and diagnostic tools crucial for the maintenance of contemporary vehicles. Meanwhile, mechanical equipment, constituting the remaining 35% share, is poised for sustained expansion. This is attributed to the persistent need for conventional tools and lifting gear, which retain their significance as indispensable elements in any proficient garage setup.
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By Garage Type:
OEM authorized garage
Independent garage
By Application:
Body Shop Equipment
Diagnostic & Testing Equipment
Emission Equipment
Lifting Equipment
Washing Equipment
Wheel & Tire Equipment
Others
By Function Type:
Electrical
Mechanical
REGIONAL ANALYSIS:
In 2023, the automotive garage equipment market in the Asia Pacific was expected to account for 38.76% of the global total. The region's automotive garage equipment market is being propelled by upcoming emission standards in the Asia Pacific. Economic growth in Europe, particularly in the EU-5 countries, is expected to fuel demand for automobile garage equipment over the projection period.
When it comes to car maintenance, high standards of living and increased disposable incomes in North America and Europe are expected to drive demand for automotive garage equipment, which is expected to drive demand for automotive garage equipment. Due to the rising demand for a pleasant and relaxing driving experience across the world's countries both developed and developing, experts predict that the market for smooth and comfortable vehicles will grow rapidly.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Robert Bosch GmbH (Germany), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Istobal S.A. (US), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), Arex Test Systems B.V. (Netherlands), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), Gray Manufacturing Company, Inc. (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany) are some of the affluent competitors with significant market share in the Automotive Garage Equipment Market.
RECENT DEVLEPMENTS:
Robert Bosch GmbH's relentless pursuit of sustainable solutions has led to the development of eco-friendly garage equipment, aligning with global environmental initiatives.
Continental AG's focus on intelligent automation has streamlined operations, enhancing efficiency and accuracy in garage settings.
Hunter Engineering Company's breakthroughs in precision alignment systems have elevated vehicle performance and safety standards.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7.76 Billion |
| Market Size by 2031 | US$ 11.03 Billion |
| CAGR | CAGR of 4.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Garage Type (OEM authorized garage, independent garage) • by Application (Body Shop Equipment, Diagnostic & Testing Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel & Tire Equipment, Others) • by Function Type (Electrical, Mechanical) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH (Germany), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Istobal S.A. (US), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), Arex Test Systems B.V. (Netherlands), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), Gray Manufacturing Company, Inc. (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany) |
| Key Drivers | •The Garage Equipment market is primarily driven by an increase in car production and sales. •The industry is benefiting from rising customer awareness of safety hazards in automobiles. |
| RESTRAINTS | •Repairs are decreasing due to improvements in original equipment components quality and lower costs. •The market for garage equipment is being flooded by a variety of laws for frequent car inspections. |
Major Players of Market Robert Bosch GmbH (Germany), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Istobal S.A. (US), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), Arex Test Systems B.V. (Netherlands), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), Gray Manufacturing Company, Inc. (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany), and others in final report.
The Automotive Garage Equipment Market is segmented into three segments, by Garage Type, by Application, by Function Type.
Asia Pacific region is dominating the Automotive Garage Equipment Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Global Automotive Garage Equipment Market Segmentation, By Garage Type
9.1 Introduction
9.2 Trend Analysis
9.3 OEM authorized garage
9.4 Independent garage
10. Global Automotive Garage Equipment Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Body Shop Equipment
10.4 Diagnostic & Testing Equipment
10.5 Emission Equipment
10.6 Lifting Equipment
10.7 Washing Equipment
10.8 Wheel & Tire Equipment
10.9 Others
11. Global Automotive Garage Equipment Market Segmentation, by Function Type
11.1 Introduction
11.2 Trend Analysis
11.3 Electronic
11.4 Mechanical
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America
13. Company Profiles
13.1 Continental AG (Germany)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Robert Bosch GmbH (Germany)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Aro Equipments Pvt. Ltd (India)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Istobal S.A. (US)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Guangzhou Jingjia Auto Equipment Co., Ltd (China)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Boston Garage Equipment Ltd (UK)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Arex Test Systems B.V. (Netherlands)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Nussbaum Automotive Solutions Lp (US)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Vehicle Service Group (US)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Others
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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