Global Automotive Garage Equipment Market, By Equipment Type (Wheel & Tire Service Equipment, Lifting Equipment, Vehicle Diagnostic & Testing Equipment, Body Shop Equipment, Washing Equipment, Other Tools), Vehicle Type (Passenger Cars, Commercial Vehicles), Garage Type (Automotive OEM Dealerships, Franchised Garages and Independent Garages), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Garage Equipment Market
Automotive garage equipment market will reach at an estimated value of USD 9.96 billion and grow at a CAGR of 4.00% in the forecast period of 2021 to 2028. Increasing automotive production in some parts of the world is an essential factor driving the automotive garage equipment market.
Automobiles are designed with latest technologies which offer high performance features such as high speed, and enhancement of overall efficiency. Also, with advancements in performance, safety and repair of vehicles are equally important and continuous changes in the automotive sector, such as lightweight engine to make comfortable ride, rising adoption of airbags for safety purpose, and advancement in equipment such as tire changer, automotive jacks, welding tools, wheel balancer, lifting equipment, and others plays a vital role to the automotive garage equipment market.
Rising stringent rules and regulations regarding vehicle’s fuel efficiency is a crucial factor accelerating the market growth, also rising demand for garage equipment, rising urbanization, increasing disposable income, rising standard of living in emerging countries, increasing average age of vehicles, rising sales of used vehicles, and rising number of manufacturers authorized service centers and emergence of multi-brand service centers are the major factors among others boosting the automotive garage equipment market. Moreover, rising demand for Ecu and other electronic features and rising preference towards quality and authentic products, service centers are entering into partnerships with OEM’s which will further create new opportunities for automotive garage equipment market in the forecast period mentioned above.
However, rising international trade regulations is the major factors among others restraining the market growth, and will further challenge the automotive garage equipment market in the forecast period mentioned above.
This automotive garage equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive garage equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Garage Equipment Market Scope and Market Size
Automotive garage equipment market is segmented on the basis of equipment type, vehicle type and garage type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of equipment type, automotive garage equipment market is segmented into wheel & tire service equipment, lifting equipment, vehicle diagnostic & testing equipment, body shop equipment, washing equipment and other tools.
- Based on vehicle type, the automotive garage equipment market is segmented into passenger cars and commercial vehicles.
- The automotive garage equipment market is also segmented on the basis of garage type into automotive OEM dealerships, franchised garages and independent garages.
Automotive Garage Equipment Market Scope Country Level Analysis
Automotive garage equipment market is analysed and market size, volume information is provided by country, equipment type, vehicle type and garage type as referenced above.
The countries covered in the automotive garage equipment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive garage equipment market due to rising sale of new cars and commercial vehicles across China, India, and ASEAN countries, rising stringent rules and regulations regarding vehicle’s fuel efficiency, rising demand for garage equipment, rising urbanization and increasing disposable income in this region.
The country section of the automotive garage equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Garage Equipment Market Share Analysis
Automotive garage equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive garage equipment market.
The major players covered in automotive garage equipment market report are Arex Test Systems bv, Gray Manufacturing, Snap-On Incorporated, Vehicle Service Group SM, Bosch Limited, Continental AG, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Boston Garage Equipment Ltd, M/s Samvit Garage Equipments, Sarveshwari Engineers, Guangzhou Jingjia Auto Equipment Co., Ltd., Boston Garage Equipment Ltd, , Euro Car Parts Ltd T/A LKQ Coatings, Aro Equipments Pvt. Ltd, ISTOBAL, Con Air Equipments Private Limited, Oil Lube Systems Pvt Ltd and Gray Manufacturing among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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