Garage Equipment Market Synopsis
Garage Equipment Market Size Was Valued at USD 8.72 Billion in 2023, and is Projected to Reach USD 16.70 Billion by 2032, Growing at a CAGR of 7.49% From 2024-2032.
The garage equipment market encompasses a wide range of tools and machinery used for the maintenance, repair, and servicing of vehicles in both professional garages and personal workshops. This includes equipment such as hydraulic lifts, tyre changers, alignment systems, diagnostic tools, and air compressors. The market caters to automotive repair shops, service centres, and individual car owners, offering essential products that facilitate vehicle upkeep, ensure safety, and improve efficiency in vehicle servicing operations. With technological advancements driving innovations, the market is continually evolving to meet the needs of a growing automotive sector.
- The garage equipment market encompasses a diverse range of tools and machinery used for vehicle maintenance, repair, and service. This sector has witnessed significant growth due to the increasing number of vehicles on the road and the rising demand for advanced maintenance solutions. The market is characterized by technological advancements, a broad spectrum of products, and a growing emphasis on efficiency and precision in vehicle servicing.
- The global garage equipment market is expanding rapidly, driven by the automotive industry's robust growth. With the rising number of vehicles, both commercial and private, the need for efficient and reliable garage equipment has surged. The market is expected to continue its upward trajectory, fueled by advancements in technology, including automation and digital diagnostics. Key segments include diagnostic tools, lifting equipment, wheel alignment systems, and air conditioning service tools.
- Several factors are propelling the growth of the garage equipment market. The increasing complexity of modern vehicles, which require sophisticated diagnostic and repair tools, is a major driver. Additionally, the proliferation of electric and hybrid vehicles necessitates specialized equipment for servicing. Technological advancements, such as the integration of artificial intelligence and IoT in garage equipment, are also contributing to market growth. The rising trend of DIY vehicle maintenance and repair, along with the growth of small and independent garages, further supports market expansion.
- Despite the positive growth outlook, the garage equipment market faces several challenges. The high cost of advanced equipment can be a barrier for smaller workshops and garages. Additionally, the rapid pace of technological change requires continuous investment in training and upgrading equipment, which can strain financial resources. Moreover, the market is competitive, with numerous players vying for market share, which can lead to price pressures and margin erosion.
- The garage equipment market shows varying growth patterns across different regions. North America and Europe are mature markets with a high demand for advanced garage equipment due to their well-established automotive industries. In contrast, the Asia-Pacific region is experiencing rapid growth, driven by increasing vehicle ownership, industrialization, and infrastructure development. Emerging markets in Latin America and the Middle East are also expanding, presenting new opportunities for market players.
- The competitive landscape of the garage equipment market is characterized by the presence of several key players, including both established companies and new entrants. Major players focus on innovation, quality, and customer service to maintain their market positions. Strategic partnerships, mergers and acquisitions, and product diversification are common strategies employed to enhance market presence and capture growth opportunities.
- In summary, the garage equipment market is poised for continued growth, driven by advancements in technology, increasing vehicle complexity, and expanding automotive sectors globally. While challenges exist, the overall outlook remains positive, with opportunities for market participants to leverage technological innovations and regional growth trends.
Garage Equipment Market Trend Analysis
Advancements in Diagnostic Tools and Automated Systems
- The growing adoption of advanced diagnostic tools and automated systems reflects the increasing complexity of modern vehicles. As vehicles incorporate more sophisticated technologies, including advanced electronics, sensors, and computer systems, traditional diagnostic methods are becoming less effective. Advanced diagnostic tools now offer comprehensive capabilities to pinpoint issues with greater precision, leveraging detailed data and real-time analysis. These tools often include features such as advanced scan tools, oscilloscopes, and data logging systems that can decode error codes, monitor live data streams, and perform intricate tests. This evolution in diagnostic technology allows repair shops to quickly and accurately identify the root causes of problems, significantly reducing the time required for repairs and minimizing vehicle downtime.
- Moreover, the integration of automated systems within garages is enhancing overall operational efficiency. Automated diagnostic equipment can perform a variety of tasks with minimal human intervention, including running diagnostics, generating reports, and suggesting potential solutions. This automation not only speeds up the diagnostic process but also reduces the likelihood of human error, leading to more reliable outcomes. As a result, repair shops can offer higher quality services, improve turnaround times, and manage a higher volume of work. The growing reliance on these advanced tools and systems is reshaping the landscape of vehicle maintenance and repair, making it essential for businesses to invest in such technologies to stay competitive in an increasingly sophisticated market.
Adapting Garage Equipment for the Rise of Electric and Hybrid Vehicles
- The rise in electric and hybrid vehicles is fundamentally transforming the garage equipment landscape. Unlike traditional internal combustion engine vehicles, electric vehicles (EVs) and hybrids have unique components and systems, including high-voltage batteries and electric drivetrains, which necessitate specialized repair equipment. To address these requirements, traditional repair tools and equipment are being adapted or replaced with new technologies designed specifically for EVs. For example, repair shops now need specialized charging stations that can safely and efficiently charge electric vehicles. Additionally, high-voltage safety tools and insulated equipment are crucial for handling the high-voltage systems found in EVs, ensuring technician safety and preventing accidental damage during repairs.
- This shift is driving manufacturers to innovate and develop new products tailored to the needs of electric and hybrid vehicles. New tools are being introduced to manage the unique aspects of these vehicles, such as diagnostic systems that can interface with EV-specific components and battery management systems. Moreover, equipment that facilitates the repair and maintenance of electric drivetrains, regenerative braking systems, and cooling systems is becoming increasingly important. As the market for electric and hybrid vehicles continues to grow, the demand for specialized garage equipment will likely increase, prompting further advancements and expansion of product offerings in this segment. This trend underscores the need for repair shops to stay updated with the latest technology to effectively service the evolving fleet of vehicles on the road.
Garage Equipment Market Segment Analysis:
Garage Equipment Market Segmented based on By Garage Type, By Installation Type, By Function Type, By Electronic Mechanical and By Vehicle Type.
By Garage Type, OEM Authorized Garage segment is expected to dominate the market during the forecast period
- OEM Authorized Garages are a dominant force in the garage equipment market primarily because of their direct partnerships with vehicle manufacturers. These garages have access to the latest technology, tools, and parts that are specifically designed for the vehicles they service. This affiliation ensures that they can provide high-quality repairs and maintenance that adhere to the exact specifications set by the manufacturer. The access to OEM (Original Equipment Manufacturer) parts also means that these garages can offer repairs that maintain the integrity of the vehicle’s warranty, which is a significant factor for many vehicle owners.
- Furthermore, the credibility and trust associated with OEM Authorized Garages contribute to their market dominance. Vehicle owners often prefer these garages because they guarantee the use of genuine parts and adherence to manufacturer standards, which can enhance vehicle performance and longevity. The specialized training that technicians in these garages receive also ensures that they are well-versed in the latest advancements in vehicle technology. This high level of expertise and access to cutting-edge equipment makes OEM Authorized Garages a preferred choice for consumers seeking reliable and high-quality vehicle service, thereby securing a substantial share of the market.
By Vehicle Type, Passenger Vehicles segment held the largest share in 2023
- Passenger Vehicles account for the largest segment in the garage equipment market largely due to their overwhelming presence on the roads. With millions of passenger cars in use globally, the demand for regular maintenance and repair services is substantial. The sheer volume of these vehicles ensures a continuous need for garage equipment that can handle routine tasks such as oil changes, tire rotations, and general repairs. This consistent and high level of activity contributes to the dominance of the passenger vehicle segment within the market.
- Moreover, the frequent servicing requirements of passenger vehicles further solidify their market dominance. Owners of passenger cars often adhere to regular maintenance schedules to ensure vehicle reliability, safety, and performance. This ongoing need for service drives the demand for a wide range of garage equipment designed to address the specific needs of passenger vehicles. As a result, the passenger vehicle segment not only holds the largest market share but also continues to be a key driver of innovation and growth in the garage equipment industry.
Garage Equipment Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- In North America, the garage equipment market is propelled by a combination of factors, including a high vehicle density and a thriving automotive industry. The United States and Canada are notable for their substantial vehicle populations, which creates a significant demand for garage equipment. Workshops and service centers across the region are increasingly investing in cutting-edge technology, such as advanced diagnostic tools, automated lifts, and high-precision alignment systems, to stay competitive and meet evolving maintenance needs. The continuous advancement in technology within the sector ensures that service providers can offer more accurate and efficient repairs, thereby enhancing customer satisfaction and driving further demand for modern equipment.
- In addition to the commercial sector, there is a notable trend towards DIY vehicle maintenance among car enthusiasts and hobbyists, which also fuels market growth. The accessibility of online resources and automotive repair forums has empowered individuals to perform more complex repairs and upgrades on their own, increasing the need for specialized tools and equipment. This DIY trend is supported by the strong aftermarket sector in North America, which offers a wide range of parts and accessories to consumers. Economic stability and disposable income levels in the region contribute to the willingness of both professionals and enthusiasts to invest in high-quality garage equipment. As a result, the North American market continues to experience robust growth, driven by both professional and individual demand for advanced maintenance solutions.
Active Key Players in the Garage Equipment Market
- Oil Lube Systems Pvt Ltd. (India)
- MAHA Maschinenbau Haldenwang GmbH & Co. KG (Germany)
- Istobal S.A. (Spain)
- Nussbaum Automotive Solutions Lp (U.S.)
- Symach SRL (Italy)
- Robert Bosch GmbH (Germany)
- Guangzhou Jingjia Auto Equipment Co., Ltd. (China)
- Aro Equipments Pvt. Ltd (India)
- Snap-on Incorporated (U.S.)
- VisiCon Automatisierungstechnik GmbH (Germany)
- Standard Tools and Equipment Co.
- Samvit Garage Equipments (India)
- Vehicle Service Group (U.S.)
- Boston Garage Equipment Ltd (U.k.), Other Active Players
Key Industry Developments in the Garage Equipment Market:
- In February 2024, Continental invests 13 million Euro in Sri Lanka's Kalatura plant to enhance specialty tire production, aiming to improve global product availability and reduce logistic dependencies. This investment can lead to the development of innovative technologies and solutions, driving advancements in garage equipment efficiency, safety, and functionality.
Global Garage Equipment Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 8.72 Bn. |
Forecast Period 2024-32 CAGR: |
7.49% |
Market Size in 2032: |
USD 16.70 Bn. |
Segments Covered: |
By Garage Type |
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By Installation Type |
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By Function Type |
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By Electronic Mechanical |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Garage Equipment Market by Garage Type
4.1 Garage Equipment Market Snapshot and Growth Engine
4.2 Garage Equipment Market Overview
4.3 OEM Authorized Garage
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 OEM Authorized Garage: Geographic Segmentation Analysis
4.4 Independent Garage
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Independent Garage: Geographic Segmentation Analysis
4.5 Franchise Garages
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Franchise Garages: Geographic Segmentation Analysis
Chapter 5: Garage Equipment Market by Installation Type
5.1 Garage Equipment Market Snapshot and Growth Engine
5.2 Garage Equipment Market Overview
5.3 Mobile & Fixed
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Mobile & Fixed: Geographic Segmentation Analysis
Chapter 6: Garage Equipment Market by Function Type
6.1 Garage Equipment Market Snapshot and Growth Engine
6.2 Garage Equipment Market Overview
6.3 Electronic & Mechanical
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Electronic & Mechanical: Geographic Segmentation Analysis
Chapter 7: Garage Equipment Market by Electronic Mechanical
7.1 Garage Equipment Market Snapshot and Growth Engine
7.2 Garage Equipment Market Overview
7.3 Body Shop Equipment
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Body Shop Equipment: Geographic Segmentation Analysis
7.4 Diagnostic
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Diagnostic: Geographic Segmentation Analysis
7.5 Test Equipment
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Test Equipment: Geographic Segmentation Analysis
7.6 Emission Equipment
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Emission Equipment: Geographic Segmentation Analysis
7.7 Lifting Equipment
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Lifting Equipment: Geographic Segmentation Analysis
7.8 Washing Equipment
7.8.1 Introduction and Market Overview
7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.8.3 Key Market Trends, Growth Factors and Opportunities
7.8.4 Washing Equipment: Geographic Segmentation Analysis
7.9 Wheel & Tire Equipment
7.9.1 Introduction and Market Overview
7.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.9.3 Key Market Trends, Growth Factors and Opportunities
7.9.4 Wheel & Tire Equipment: Geographic Segmentation Analysis
7.10 Others
7.10.1 Introduction and Market Overview
7.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.10.3 Key Market Trends, Growth Factors and Opportunities
7.10.4 Others: Geographic Segmentation Analysis
Chapter 8: Garage Equipment Market by Vehicle Type
8.1 Garage Equipment Market Snapshot and Growth Engine
8.2 Garage Equipment Market Overview
8.3 Passenger Vehicles & Commercial Vehicles
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Passenger Vehicles & Commercial Vehicles: Geographic Segmentation Analysis
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Benchmarking
9.1.2 Garage Equipment Market Share by Manufacturer (2023)
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Mergers and Acquisitions
9.2 OIL LUBE SYSTEMS PVT LTD (INDIA)
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Role of the Company in the Market
9.2.5 Sustainability and Social Responsibility
9.2.6 Operating Business Segments
9.2.7 Product Portfolio
9.2.8 Business Performance
9.2.9 Key Strategic Moves and Recent Developments
9.2.10 SWOT Analysis
9.3 MAHA MASCHINENBAU HALDENWANG GMBH & CO KG (GERMANY)
9.4 ISTOBAL S A (SPAIN)
9.5 NUSSBAUM AUTOMOTIVE SOLUTIONS LP (US)
9.6 SYMACH SRL (ITALY)
9.7 ROBERT BOSCH GMBH (GERMANY)
9.8 GUANGZHOU JINGJIA AUTO EQUIPMENT CO LTD (CHINA)
9.9 ARO EQUIPMENTS PVT LTD (INDIA)
9.10 SNAP-ON INCORPORATED (US)
9.11 VISICON AUTOMATISIERUNGSTECHNIK GMBH (GERMANY)
9.12 STANDARD TOOLS AND EQUIPMENT CO SAMVIT GARAGE EQUIPMENTS (INDIA)
9.13 VEHICLE SERVICE GROUP (U.S.)
9.14 BOSTON GARAGE EQUIPMENT LTD (UK)
9.15 OTHER ACTIVE PLAYERS
Chapter 10: Global Garage Equipment Market By Region
10.1 Overview
10.2. North America Garage Equipment Market
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Top Key Companies
10.2.3 Historic and Forecasted Market Size by Segments
10.2.4 Historic and Forecasted Market Size By Garage Type
10.2.4.1 OEM Authorized Garage
10.2.4.2 Independent Garage
10.2.4.3 Franchise Garages
10.2.5 Historic and Forecasted Market Size By Installation Type
10.2.5.1 Mobile & Fixed
10.2.6 Historic and Forecasted Market Size By Function Type
10.2.6.1 Electronic & Mechanical
10.2.7 Historic and Forecasted Market Size By Electronic Mechanical
10.2.7.1 Body Shop Equipment
10.2.7.2 Diagnostic
10.2.7.3 Test Equipment
10.2.7.4 Emission Equipment
10.2.7.5 Lifting Equipment
10.2.7.6 Washing Equipment
10.2.7.7 Wheel & Tire Equipment
10.2.7.8 Others
10.2.8 Historic and Forecasted Market Size By Vehicle Type
10.2.8.1 Passenger Vehicles & Commercial Vehicles
10.2.9 Historic and Forecast Market Size by Country
10.2.9.1 US
10.2.9.2 Canada
10.2.9.3 Mexico
10.3. Eastern Europe Garage Equipment Market
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Top Key Companies
10.3.3 Historic and Forecasted Market Size by Segments
10.3.4 Historic and Forecasted Market Size By Garage Type
10.3.4.1 OEM Authorized Garage
10.3.4.2 Independent Garage
10.3.4.3 Franchise Garages
10.3.5 Historic and Forecasted Market Size By Installation Type
10.3.5.1 Mobile & Fixed
10.3.6 Historic and Forecasted Market Size By Function Type
10.3.6.1 Electronic & Mechanical
10.3.7 Historic and Forecasted Market Size By Electronic Mechanical
10.3.7.1 Body Shop Equipment
10.3.7.2 Diagnostic
10.3.7.3 Test Equipment
10.3.7.4 Emission Equipment
10.3.7.5 Lifting Equipment
10.3.7.6 Washing Equipment
10.3.7.7 Wheel & Tire Equipment
10.3.7.8 Others
10.3.8 Historic and Forecasted Market Size By Vehicle Type
10.3.8.1 Passenger Vehicles & Commercial Vehicles
10.3.9 Historic and Forecast Market Size by Country
10.3.9.1 Bulgaria
10.3.9.2 The Czech Republic
10.3.9.3 Hungary
10.3.9.4 Poland
10.3.9.5 Romania
10.3.9.6 Rest of Eastern Europe
10.4. Western Europe Garage Equipment Market
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Top Key Companies
10.4.3 Historic and Forecasted Market Size by Segments
10.4.4 Historic and Forecasted Market Size By Garage Type
10.4.4.1 OEM Authorized Garage
10.4.4.2 Independent Garage
10.4.4.3 Franchise Garages
10.4.5 Historic and Forecasted Market Size By Installation Type
10.4.5.1 Mobile & Fixed
10.4.6 Historic and Forecasted Market Size By Function Type
10.4.6.1 Electronic & Mechanical
10.4.7 Historic and Forecasted Market Size By Electronic Mechanical
10.4.7.1 Body Shop Equipment
10.4.7.2 Diagnostic
10.4.7.3 Test Equipment
10.4.7.4 Emission Equipment
10.4.7.5 Lifting Equipment
10.4.7.6 Washing Equipment
10.4.7.7 Wheel & Tire Equipment
10.4.7.8 Others
10.4.8 Historic and Forecasted Market Size By Vehicle Type
10.4.8.1 Passenger Vehicles & Commercial Vehicles
10.4.9 Historic and Forecast Market Size by Country
10.4.9.1 Germany
10.4.9.2 UK
10.4.9.3 France
10.4.9.4 Netherlands
10.4.9.5 Italy
10.4.9.6 Russia
10.4.9.7 Spain
10.4.9.8 Rest of Western Europe
10.5. Asia Pacific Garage Equipment Market
10.5.1 Key Market Trends, Growth Factors and Opportunities
10.5.2 Top Key Companies
10.5.3 Historic and Forecasted Market Size by Segments
10.5.4 Historic and Forecasted Market Size By Garage Type
10.5.4.1 OEM Authorized Garage
10.5.4.2 Independent Garage
10.5.4.3 Franchise Garages
10.5.5 Historic and Forecasted Market Size By Installation Type
10.5.5.1 Mobile & Fixed
10.5.6 Historic and Forecasted Market Size By Function Type
10.5.6.1 Electronic & Mechanical
10.5.7 Historic and Forecasted Market Size By Electronic Mechanical
10.5.7.1 Body Shop Equipment
10.5.7.2 Diagnostic
10.5.7.3 Test Equipment
10.5.7.4 Emission Equipment
10.5.7.5 Lifting Equipment
10.5.7.6 Washing Equipment
10.5.7.7 Wheel & Tire Equipment
10.5.7.8 Others
10.5.8 Historic and Forecasted Market Size By Vehicle Type
10.5.8.1 Passenger Vehicles & Commercial Vehicles
10.5.9 Historic and Forecast Market Size by Country
10.5.9.1 China
10.5.9.2 India
10.5.9.3 Japan
10.5.9.4 South Korea
10.5.9.5 Malaysia
10.5.9.6 Thailand
10.5.9.7 Vietnam
10.5.9.8 The Philippines
10.5.9.9 Australia
10.5.9.10 New Zealand
10.5.9.11 Rest of APAC
10.6. Middle East & Africa Garage Equipment Market
10.6.1 Key Market Trends, Growth Factors and Opportunities
10.6.2 Top Key Companies
10.6.3 Historic and Forecasted Market Size by Segments
10.6.4 Historic and Forecasted Market Size By Garage Type
10.6.4.1 OEM Authorized Garage
10.6.4.2 Independent Garage
10.6.4.3 Franchise Garages
10.6.5 Historic and Forecasted Market Size By Installation Type
10.6.5.1 Mobile & Fixed
10.6.6 Historic and Forecasted Market Size By Function Type
10.6.6.1 Electronic & Mechanical
10.6.7 Historic and Forecasted Market Size By Electronic Mechanical
10.6.7.1 Body Shop Equipment
10.6.7.2 Diagnostic
10.6.7.3 Test Equipment
10.6.7.4 Emission Equipment
10.6.7.5 Lifting Equipment
10.6.7.6 Washing Equipment
10.6.7.7 Wheel & Tire Equipment
10.6.7.8 Others
10.6.8 Historic and Forecasted Market Size By Vehicle Type
10.6.8.1 Passenger Vehicles & Commercial Vehicles
10.6.9 Historic and Forecast Market Size by Country
10.6.9.1 Turkey
10.6.9.2 Bahrain
10.6.9.3 Kuwait
10.6.9.4 Saudi Arabia
10.6.9.5 Qatar
10.6.9.6 UAE
10.6.9.7 Israel
10.6.9.8 South Africa
10.7. South America Garage Equipment Market
10.7.1 Key Market Trends, Growth Factors and Opportunities
10.7.2 Top Key Companies
10.7.3 Historic and Forecasted Market Size by Segments
10.7.4 Historic and Forecasted Market Size By Garage Type
10.7.4.1 OEM Authorized Garage
10.7.4.2 Independent Garage
10.7.4.3 Franchise Garages
10.7.5 Historic and Forecasted Market Size By Installation Type
10.7.5.1 Mobile & Fixed
10.7.6 Historic and Forecasted Market Size By Function Type
10.7.6.1 Electronic & Mechanical
10.7.7 Historic and Forecasted Market Size By Electronic Mechanical
10.7.7.1 Body Shop Equipment
10.7.7.2 Diagnostic
10.7.7.3 Test Equipment
10.7.7.4 Emission Equipment
10.7.7.5 Lifting Equipment
10.7.7.6 Washing Equipment
10.7.7.7 Wheel & Tire Equipment
10.7.7.8 Others
10.7.8 Historic and Forecasted Market Size By Vehicle Type
10.7.8.1 Passenger Vehicles & Commercial Vehicles
10.7.9 Historic and Forecast Market Size by Country
10.7.9.1 Brazil
10.7.9.2 Argentina
10.7.9.3 Rest of SA
Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies
Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
Global Garage Equipment Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 8.72 Bn. |
Forecast Period 2024-32 CAGR: |
7.49% |
Market Size in 2032: |
USD 16.70 Bn. |
Segments Covered: |
By Garage Type |
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By Installation Type |
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By Function Type |
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By Electronic Mechanical |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Garage Equipment Market research report is 2024-2032.
Oil Lube Systems Pvt Ltd. (India), MAHA Maschinenbau Haldenwang GmbH & Co. KG (Germany), Istobal S.A. (Spain), Nussbaum Automotive Solutions Lp (U.S.), Symach SRL (Italy), Robert Bosch GmbH (Germany), Guangzhou Jingjia Auto Equipment Co., Ltd. (China), Aro Equipments Pvt. Ltd (India), Snap-on Incorporated (U.S.),VisiCon Automatisierungstechnik GmbH (Germany), Standard Tools and Equipment Co., Samvit Garage Equipments (India), Vehicle Service Group (U.S.), Boston Garage Equipment Ltd (U.K.)
The Garage Equipment Market is segmented into By Garage Type, By Installation Type, By Function Type, By Electronic Mechanical, By Vehicle Type, and region. By Garage Type, the market is categorized into OEM Authorized Garage, Independent Garage and Franchise Garages. By Installation Type, the market is categorized into Mobile and Fixed. By Function Type, the market is categorized into Electronic and Mechanical. By Electronic Mechanical, the market is categorized into Body Shop Equipment, Diagnostic and Test Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel and Tire Equipment and Others. By Vehicle Type, the market is categorized into Passenger Vehicles and Commercial Vehicles. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The garage equipment market encompasses a wide range of tools and machinery used for the maintenance, repair, and servicing of vehicles in both professional garages and personal workshops. This includes equipment such as hydraulic lifts, tire changers, alignment systems, diagnostic tools, and air compressors. The market caters to automotive repair shops, service centers, and individual car owners, offering essential products that facilitate vehicle upkeep, ensure safety, and improve efficiency in vehicle servicing operations. With technological advancements driving innovations, the market is continually evolving to meet the needs of a growing automotive sector.
Garage Equipment Market Size Was Valued at USD 8.72 Billion in 2023, and is Projected to Reach USD 16.70 Billion by 2032, Growing at a CAGR of 7.49% From 2024-2032.