Global Garage Body Shop Equipment Market, By Product Type (Lifting Equipment, Dent & Damage Removal, Surface Finish, Others), Garage Type (Automotive OEM Dealerships, Franchise Stores, Independent Garages), Vehicle Type (Two Wheeler, PCV and LCV, HCV), Sales Channel (OEM (Original Equipment Manufacturer), Aftermarket), Installation (Mobile, Fixed), Function Type (Electronic, Mechanical), 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 Garage Body Shop Equipment Market
Garage body shop equipment market will grow at a CAGR of 7.20% in the forecast period of 2021 to 2028. Rising sales of pre-owned vehicles is an essential factor driving the garage body shop equipment market.
Garage equipment are defined as the collection of products and devices designed to provide the garage owners and end-users of these equipments with high performing and highly advanced service quality, such as body shop, wheel & tire maintenance, emission testing, vehicle lifting, vehicle diagnosis and testing and various others. These equipments range differently from their functionality and each equipment type provides different levels of usage.
Rising presence of numerous mandates and regulations regarding the scheduled and regular inspection of vehicles is a crucial factor accelerating the market growth, also rising volume of automotive present on the road worldwide, rising focus on adoption of digital services by numerous market players and garage owners resulting in enhanced focus on adopting innovative technology and increasing number of vehicles due to rising population are the major factors among others boosting the garage body shop equipment market. Moreover, rising demand for Ecu and other electronic features and strict emission regulations will further create new opportunities for garage body shop equipment market in the forecast period mentioned above.
However, rising international trade regulations, rising presence of numerous trade regulations and unfavourable conditions for the trade of heavy equipments, rising availability of original equipment parts at a lower cost and increased costs associated with the maintenance and repairing of luxury vehicles are the major factors among others which will curtail the market growth, and will further challenge the garage body shop equipment market in the forecast period mentioned above.
This garage body shop 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 garage body shop 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.
Garage Body Shop Equipment Market Scope and Market Size
Garage body shop equipment market is segmented on the basis of product type, garage type, vehicle type, sales channel, installation and function 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 product type, the garage body shop equipment market is segmented into lifting equipment, dent and damage removal, surface finish and others.
- Based on garage type, the garage body shop equipment market is segmented into automotive OEM dealerships, franchise stores and independent garages.
- Based on vehicle type, the garage body shop equipment market is segmented into two wheeler, PCV and LCV and HCV.
- Based on sales channel, the garage body shop equipment market is segmented into OEM (Original Equipment Manufacturer) and aftermarket.
- Based on installation, the garage body shop equipment market is segmented into mobile and fixed.
- The garage body shop equipment market is also segmented on the basis of function type into electronic and mechanical.
Global Garage Body Shop Equipment Market Scope Country Level Analysis
Garage body shop equipment market is analysed and market size, volume information is provided by country, product type, garage type, vehicle type, sales channel, installation and function type as referenced above.
The countries covered in the garage body shop 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 garage body shop equipment market due to rising sales of new cars and commercial vehicles across China, India, and ASEAN countries, increasing presence of numerous mandates and regulations regarding the scheduled and increasing demand of vehicles due to rising population in this region. North America is the expected region in terms of growth in garage body shop equipment market due to rising technological advancements and increasing innovations in the machinery in this region.
The country section of the garage body shop 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 Garage Body Shop Equipment Market Share Analysis
Garage body shop 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 garage body shop equipment market.
The major players covered in garage body shop equipment market report are MAHA Maschinenbau Haldenwang GmbH & Co. KG, Snap-on Incorporated, Robert Bosch GmbH, Continental AG, Vehicle Service Group, VisiCon Automatisierungstechnik GmbH, Standard Tools and Equipment Co., Symach s.r.l.; Otto Nußbaum GmbH & Co. KG, M/s Samvit Garage Equipments, Sarveshwari Engineers, Guangzhou Jingjia Auto Equipment Co., Ltd., Boston Garage Equipment Ltd, Arex Test Systems bv, Euro Car Parts Ltd T/A LKQ Coatings, Aro Equipments Pvt. Ltd, ISTOBAL, Con Air Equipments Private Limited, Oil Lube Systems Pvt Ltd., Gray Manufacturing and AUTEC Car Wash Systems., 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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