image

Automotive Garage Equipment Market Report Scope & Overview:

The Automotive Garage Equipment Market size was valued at USD 6.45 billion in 2023 and is expected to reach USD 9.17 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.

Automotive Garage Equipment Market Revenue Analysis

Get More Information on Automotive Garage Equipment Market - Request Free Sample Report

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.

MARKET DYNAMICS:

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 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

IMPACT OF RUSSIA UKRIANE WAR:

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.

IMPACT OF ECONOMIC SLOWDOWN:

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.

Market, By Garage Type:

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.

Market, By Application:

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.

Market, By Function Type:

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.

Get Customized Report as per Your Business Requirement - Request For Customized Report

MARKET SEGMENTATION:

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

By Vehicle Type:

  • Passenger Vehicles

  • Commercial Vehicles

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

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS:

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.

Aro Equipments Pvt. Ltd (India)-Company Financial Analysis

Company Landscape Analysis

Automotive Garage Equipment Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 6.45 Billion
Market Size by 2031 US$ 9.17 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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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.

Frequently Asked Questions

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 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.
  • 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.

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. Global Automotive Garage Equipment Market Segmentation, by Vehilce Type

11.1 Introduction

11.2 Trend Analysis

11.3 Passenger Vehicles

11.4 Commercial Vehicles

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Eastern Europe

13.3.1.1 Poland

13.3.1.2 Romania

13.3.1.3 Hungary

13.3.1.4 Turkey

13.3.1.5 Rest of Eastern Europe

13.3.2 Western Europe

13.3.2.1 Germany

13.3.2.2 France

13.3.2.3 UK

13.3.2.4 Italy

13.3.2.5 Spain

13.3.2.6 Netherlands

13.3.2.7 Switzerland

13.3.2.8 Austria

13.3.2.9 Rest of Western Europe

13.4 Asia-Pacific

13.4.1 China

13.4.2 India

13.4.3 Japan

13.4.4 South Korea

13.4.5 Vietnam

13.4.6 Singapore

13.4.7 Australia

13.4.8 Rest of Asia Pacific

13.5 The Middle East & Africa

13.5.1 Middle East

13.5.1.1 UAE

13.5.1.2 Egypt

13.5.1.3 Saudi Arabia

13.5.1.4 Qatar

13.5.1.5 Rest of the Middle East

11.5.2 Africa

13.5.2.1 Nigeria

13.5.2.2 South Africa

13.5.2.3 Rest of Africa

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Colombia

13.6.4 Rest of Latin America

14. Company Profiles

14.1 Continental AG (Germany)

14.1.1 Company Overview

14.1.2 Financial

14.1.3 Products/ Services Offered

14.1.4 SWOT Analysis

14.1.5 The SNS View

14.2 Robert Bosch GmbH (Germany)

14.2.1 Company Overview

14.2.2 Financial

14.2.3 Products/ Services Offered

14.2.4 SWOT Analysis

14.2.5 The SNS View

14.3 Aro Equipments Pvt. Ltd (India)

14.3.1 Company Overview

14.3.2 Financial

14.3.3 Products/ Services Offered

14.3.4 SWOT Analysis

14.3.5 The SNS View

14.4 Istobal S.A. (US)

14.4.1 Company Overview

14.4.2 Financial

14.4.3 Products/ Services Offered

14.4.4 SWOT Analysis

14.4.5 The SNS View

14.5 Guangzhou Jingjia Auto Equipment Co., Ltd (China)

14.5.1 Company Overview

14.5.2 Financial

14.5.3 Products/ Services Offered

14.5.4 SWOT Analysis

14.5.5 The SNS View

14.6 Boston Garage Equipment Ltd (UK)

14.6.1 Company Overview

14.6.2 Financial

14.6.3 Products/ Services Offered

14.6.4 SWOT Analysis

14.6.5 The SNS View

14.7 Arex Test Systems B.V. (Netherlands)

14.7.1 Company Overview

14.7.2 Financial

14.7.3 Products/ Services Offered

14.7.4 SWOT Analysis

14.7.5 The SNS View

14.8 Nussbaum Automotive Solutions Lp (US)

14.8.1 Company Overview

14.8.2 Financial

14.8.3 Products/ Services Offered

14.8.4 SWOT Analysis

14.8.5 The SNS View

14.9 Vehicle Service Group (US)

14.9.1 Company Overview

14.9.2 Financial

14.9.3 Products/ Services Offered

14.9.4 SWOT Analysis

14.9.5 The SNS View

14.10 Others

14.10.1 Company Overview

14.10.2 Financial

14.10.3 Products/ Services Offered

14.10.4 SWOT Analysis

14.10.5 The SNS View

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share Analysis

15.3 Recent Developments

            15.3.1 Industry News

            15.3.2 Company News

            15.3.3 Mergers & Acquisitions

16. Use Case and Best Practices

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone