Automotive Garage Equipment Market Analysis

Automotive Garage Equipment Market Analysis

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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.
 

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 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.