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Automotive Garage Equipment Market Analysis

Report ID: GMI8638
   |
Published Date: March 2024
 | 
Report Format: PDF

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Automotive Garage Equipment Market Analysis

Automotive Garage Equipment Market Size, By Vehicle, 2022 – 2032, (USD Billion)

Based on vehicle, the market is divided into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to hold around 63% of the market share by 2032. With millions of cars on the road, demand for garage equipment such as lifts, diagnostic tools, and tire changers remains consistently high. As consumers prioritize vehicle upkeep and safety, workshops, and garages invest in advanced equipment to efficiently service this segment, driving its significant share in the market.
 

Automotive Garage Equipment Market, By Equipment, 2023

Based on equipment, the automotive garage equipment market is categorized into body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, wheel & tire equipment, and others. The lifting equipment segment accounted for a market share of around 25% in 2023. From hydraulic lifts to scissor jacks, these tools are essential for accessing the undercarriage and performing repairs. Automotive workshops rely heavily on efficient lifting solutions to enhance productivity and ensure safety. As the demand for timely and precise repairs grows, the lifting equipment segment remains pivotal in the automotive industry, offering crucial support to maintenance operations.
 

Asia Pacific Automotive Garage Equipment Market Size, 2022 -2032, (USD Billion)

Asia Pacific automotive garage equipment market recorded around 40% of the revenue share in 2023. The burgeoning automotive industry in the region, in line with increasing vehicle ownership, has propelled the demand for garage equipment. Countries like China and India, with their expanding automotive sectors, have significantly contributed to this growth. As workshops and service centers invested in modern equipment to meet rising demands, Asia Pacific emerged as a pivotal contributor to the market's success.

Authors: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :
How are passenger vehicles influencing the automotive garage equipment industry?
The passenger vehicle segment may hold 63% of the market share by 2032, owing to the higher prioritization of vehicle upkeep and safety along with surging investments in workshops, and garages for advanced equipment.
How much is the automotive garage equipment market worth?
Why is the use of lifting automotive garage equipment growing?
What is the size of the APAC automotive garage equipment market?
Automotive Garage Equipment Market Scope

Report Content

Chapter 1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates and calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimates

1.3    Forecast model

1.4    Primary research & validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market definitions

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Raw material providers

3.2.2    Component supplier

3.2.3    Manufacturers

3.2.4    Distributors

3.2.5    End users

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Price trend analysis

3.7    Cost structure analysis

3.8    Key news & initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    The rising demand for vehicles globally

3.10.1.2    The growing aftermarket automotive sector

3.10.1.3    The average age of vehicles on the road has been increasing

3.10.1.4    Environmental regulations mandating emission testing and vehicle inspection

3.10.2    Industry pitfalls & challenges

3.10.2.1    Cost constraints

3.10.2.2    The shortage of skilled automotive technicians and mechanics

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share analysis

4.3    Competitive positioning matrix

4.4    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Equipment 2021 - 2032 ($Bn, Units)

5.1    Key trends

5.2    Body shop equipment

5.3    Diagnostic & testing equipment

5.4    Emission equipment

5.5    Lifting equipment

5.6    Washing equipment

5.7    Wheel & tire equipment

5.8    Others

Chapter 6   Market Estimates & Forecast, By Installation, 2021 - 2032 ($Bn, Units)

6.1    Key trends

6.2    Mobile

6.3    Fixed

Chapter 7   Market Estimates & Forecast, By Function, 2021 - 2032 ($Bn, Units)

7.1    Key trends

7.2    Electronic

7.3    Mechanical

Chapter 8   Market Estimates & Forecast, By Garage, 2021 - 2032 ($Bn, Units)

8.1    Key trends

8.2    OEM authorized garage

8.2.1    Body shop equipment

8.2.2    Diagnostic & testing equipment

8.2.3    Emission equipment

8.2.4    Lifting equipment

8.2.5    Washing equipment

8.2.6    Wheel & tire equipment

8.2.7    Others

8.3    Independent garage

8.3.1    Body shop equipment

8.3.2    Diagnostic & testing equipment

8.3.3    Emission equipment

8.3.4    Lifting equipment

8.3.5    Washing equipment

8.3.6    Wheel & tire equipment

8.3.7    Others

Chapter 9   Market Estimates & Forecast, By Vehicle, 2021 - 2032 ($Bn, Units)

9.1    Key trends

9.2    Passenger vehicle

9.3    Commercial vehicle

Chapter 10   Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

10.1    Key trends

10.2    North America

10.2.1    U.S.

10.2.2    Canada

10.3    Europe

10.3.1    UK

10.3.2    Germany

10.3.3    France

10.3.4    Italy

10.3.5    Spain

10.3.6    Russia

10.3.7    Nordics

10.3.8    Rest of Europe

10.4    Asia Pacific

10.4.1    China

10.4.2    India

10.4.3    Japan

10.4.4    South Korea

10.4.5    Australia

10.4.6    Southeast Asia

10.4.7    Rest of Asia Pacific

10.5    Latin America

10.5.1    Brazil

10.5.2    Mexico

10.5.3    Argentina

10.5.4    Rest of Latin America

10.6    MEA

10.6.1    UAE

10.6.2    South Africa

10.6.3    Saudi Arabia

10.6.4    Rest of MEA

Chapter 11   Company Profiles

11.1    Arex Test Systems B.V.

11.2    Aro Equipments Pvt. Ltd.

11.3    Boston Garage Equipment Ltd.

11.4    Con Air Equipment Private Limited

11.5    Continental AG

11.6    Gray Manufacturing Company Inc.

11.7    Hofmann Megaplan GMbH

11.8    Hunter Engineering Company

11.9    Istobal S.A.

11.10    LKQ Coatings Ltd.

11.11    Mac Tools

11.12    MAHA Maschinenbau Haldenwang GmbH & Co. KG

11.13    Oil Lube Systems Pvt Ltd.

11.14    Ravaglioli S.p.A.

11.15    Robert Bosch GmbH

11.16    SK Professional Tools

11.17    Snap-On Incorporated

11.18    Standard Tools and Equipment Co.

11.19    Vehicle Service Group

11.20    VisiCon Automatisierungstechnik GmbH

Authors: Preeti Wadhwani, Aishvarya Ambekar
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Premium Report Details

Base Year: 2023

Companies covered: 20

Tables & Figures: 270

Countries covered: 25

Pages: 240

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