Report Id: SNS/AUTO/1756 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Garage Equipment Market Size was valued at USD 7.06 billion in 2021 and is expected to reach USD 11.79 billion by 2028 and grow at a CAGR of 7.6% over the forecast period 2022-2028.
A vehicle garage where cars are stored and repaired must be well-equipped to perform services such as washing, lubrication, and tire and battery replacement. An automotive garage has specialized equipment such as lifting tackle, car lifts, tire inflation, tire changing machines, and wheel balance machines, as well as other fixtures, tools, and jigs.
Preventive maintenance has grown in importance in recent years due to the necessity of performing it on time. Vehicles have become such an essential part of our daily lives that many people go to great lengths to ensure that they are in good working order. Vehicle upkeep is becoming more important to commuters.
Furthermore, this has led to an increase in the market for garage equipment. The requirement for advanced equipment has increased as a result of increasing safety equipment and vehicle design improvements. Garage equipment includes wheel and tire servicing, lifts, car diagnostic and testing equipment, body shop, and other items such as washing and drying equipment.
In November 2021, Forward Lift Company announced a new range of adapter kits for the company's mobile column lifts. These attachments allow forklift specialists to lift and operate a larger range of forklifts, allowing them to handle pallet trucks and heavy vehicles more simply.
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 secondhand cars.
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 rise of the automotive aftermarket is being fueled by the advent of innovative technology.
Because of the advent of more energy-efficient garage equipment, training facilities now have more options.
Because there are not enough research and development facilities for automobile testing.
A lack of available staff at certain vehicle garage services.
IMPACT OF COVID-19:
The COVID-19 epidemic has spread throughout the world. The WHO's classification of coronavirus as a pandemic in March 2020 resulted in lockdowns being enacted in the majority of countries. The stringent limits imposed by government authorities have prompted industry participants to allow their staff to operate remotely and virtually. The implementation of automated developed technologies to decrease human interaction in manufacturing and production facilities, on the other hand, is predicted to boost the broad growth of the worldwide automotive garage equipment market throughout the forecast period, which will conclude in 2028. The widespread use of technologies, such as automated machinery and modern electronics, ensured the continuity of corporate operations during the epidemic and increased labor efficiency.
KEY MARKET 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.
Market, By Garage Type:
Based on the garage type segment, the global market has been divided into OEM authorized garages and independent garages. Independent mechanics have seen a huge increase in sales of authentic aftermarket parts and accessories as a way to draw in high-end vehicle owners. As a result, more and more automobile owners are having their vehicles serviced at independent garages rather than at OEM-approved garages.
Market, By Application:
The global market has been divided into Body Shop Equipment, Diagnostic & Testing Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel & Tire Equipment, and Others based on the application segment. According to industry analysts, the CAGR for emission equipment is predicted to be the greatest in the coming years. An exhaust gas analyzer is a device that measures the amount of exhaust gas in a vehicle.
Market, By Function Type:
The global market has been divided into electrical, and mechanical based on the function type segment.
By Garage Type:
OEM authorized garage
Body Shop Equipment
Diagnostic & Testing Equipment
Wheel & Tire Equipment
By Function Type:
In 2021, the automotive garage equipment market in the Asia Pacific was expected to account for 38.76 percent 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 7.06 Billion|
|Market Size by 2028||US$ 11.79 Billion|
|CAGR||CAGR of 7.6% From 2022 to 2028|
|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.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Garage Equipment Market Segmentation, By Garage Type
8.1 OEM authorized garage
8.2 Independent garage
9. Global Automotive Garage Equipment Market Segmentation, By Application
9.1 Body Shop Equipment
9.2 Diagnostic & Testing Equipment
9.3 Emission Equipment
9.4 Lifting Equipment
9.5 Washing Equipment
9.6 Wheel & Tire Equipment
10. Global Automotive Garage Equipment Market Segmentation, by Function Type
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch GmbH (Germany)
12.3 Aro Equipments Pvt. Ltd (India)
12.4 Istobal S.A. (US)
12.5 Guangzhou Jingjia Auto Equipment Co., Ltd (China)
12.6 Boston Garage Equipment Ltd (UK)
12.7 Arex Test Systems B.V. (Netherlands)
12.8 Nussbaum Automotive Solutions Lp (US)
12.9 Vehicle Service Group (US)
12.10 Gray Manufacturing Company, Inc. (US)
12.11 MAHA Mechanical Engineering Haldenwang GmbH
12.12 Co. KG (Germany)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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