Global Automotive Garage Equipment Market Insights Forecasts to 2032
- The Global Automotive Garage Equipment Market Size was valued at USD 8.75 Billion in 2022.
- The Market is Growing at a CAGR of 5.3% from 2022 to 2032
- The Worldwide Automotive Garage Equipment Market Size is expected to reach USD 14.67 Billion by 2032
- North America is expected to grow significant during the forecast period
Get more details on this report -
The Global Automotive Garage Equipment Market Size is expected to reach USD 14.67 Billion by 2032, at a CAGR of 5.3% during the forecast period 2022 to 2032.
Automotive garage equipment refers to a wide range of tools and machinery used in automobile repair and maintenance facilities. This equipment is designed to aid mechanics and technicians in diagnosing, repairing, and servicing vehicles efficiently. Common automotive garage equipment includes vehicle lifts, tire changers, wheel balancers, diagnostic scanners, brake lathes, and air compressors. Vehicle lifts are used to elevate cars for easy access to their undercarriage, while tire changers and wheel balancers facilitate tire removal, installation, and balancing. Diagnostic scanners assist in identifying and troubleshooting vehicle issues, and brake lathes are utilized for resurfacing brake rotors. Air compressors provide the necessary power for pneumatic tools. Automotive garage equipment plays a crucial role in ensuring the smooth functioning and safety of vehicles while enhancing the productivity of automotive service providers.
This research report categorizes the market for automotive garage equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the automotive garage equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the automotive garage equipment market.
Global Automotive Garage Equipment Market Report Coverage
|Market Size in 2022:
|USD 8.75 Billion
|Forecast Period 2022-2032 CAGR:
|2032 Value Projection:
|USD 14.67 Billion
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Garage Type, By Application, By Installation, By Function Type, By Vehicle Type, By Region.
|Arex Test Systems B.V., Gray Manufacturing Company Inc., Snap-On Incorporated, Vehicle Service Group, Robert Bosch, Continental AG, Maha Maschinenbau Haldenwang Gmbh & Co., Boston Garage Equipment Ltd., Istobal S.A., Aro Equipments Pvt. Ltd.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
Get more details on this report -
The automotive garage equipment market is influenced by several key drivers, due to the increasing global vehicle fleet, coupled with the rising average age of vehicles, drives the demand for repair and maintenance services, boosting the market for automotive garage equipment. Additionally, technological advancements in vehicles, such as the integration of advanced electronic systems and hybrid or electric powertrains, require specialized equipment and tools for diagnosis and repair, further propelling the market growth. Furthermore, stringent government regulations and safety standards pertaining to vehicle maintenance and emission control contribute to the demand for advanced equipment. Moreover, the growing trend of do-it-yourself (DIY) repairs among vehicle owners has led to a surge in the demand for affordable, compact, and user-friendly garage equipment. Overall, the expansion of the automotive aftermarket and the increasing number of independent repair shops also drive the market for automotive garage equipment.
The automotive garage equipment market also faces certain restraints. Major challenge is the high initial cost associated with purchasing advanced equipment, which can pose a barrier for small-scale repair shops and individual vehicle owners. Additionally, the complexity of modern vehicles and their sophisticated systems requires technicians to undergo extensive training, limiting the availability of skilled labor. Moreover, the rapid advancements in automotive technology result in equipment becoming outdated quickly, necessitating frequent upgrades. Furthermore, the availability of counterfeit or low-quality garage equipment in the market poses a risk to the reputation and reliability of genuine equipment manufacturers. These factors collectively hinder the growth and adoption of automotive garage equipment in the market.
- In 2022, the lifting equipment segment accounted for around 32.5% market share
On the basis of the application, the global automotive garage equipment market is segmented into body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, wheel & tire equipment, and others. The lifting equipment segment has established itself as the frontrunner, holding the largest market share in the global automotive garage equipment market. This segment includes various types of lifting equipment such as vehicle lifts, hoists, and jacks that are used to elevate vehicles for repair, maintenance, and inspection purposes. The dominance of the lifting equipment segment can be attributed to its indispensable role in automotive service facilities, including repair shops, dealerships, and garages. Vehicle lifts enable technicians to access the undercarriage, engine compartment, and other crucial components with ease, enhancing productivity and efficiency. Additionally, the growing focus on workplace safety and ergonomic practices has led to the adoption of advanced lifting equipment that ensures secure and controlled vehicle elevation. With the rising demand for vehicle repairs and maintenance, the lifting equipment segment is poised for continuous growth, solidifying its leading market position.
- In 2022, the passenger vehicle segment dominated with more than 53.5% market share
Based on the type of vehicle, the global automotive garage equipment market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment has emerged as the frontrunner, holding the largest market share in the automotive garage equipment market. This can be attributed to several factors, there is a substantial global fleet of passenger vehicles, fueled by rising disposable incomes, increasing urbanization, and changing lifestyles. This has created a significant demand for repair and maintenance services, thereby driving the need for automotive garage equipment. Additionally, passenger vehicles are subjected to regular usage, requiring frequent servicing and repairs, further boosting the demand for equipment. Furthermore, passenger vehicles often require specialized equipment for tasks such as tire changes, wheel alignments, and diagnostic services. The increasing adoption of advanced technologies and features in passenger vehicles also necessitates the use of specialized equipment for efficient repairs and servicing. These factors collectively contribute to the dominance of the passenger vehicle segment in the automotive garage equipment market.
Regional Segment Analysis of the Automotive Garage Equipment Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia-Pacific dominated the market with more than 41.2% revenue share in 2022.
Get more details on this report -
Based on region, the Asia-Pacific has emerged as the dominant region in the automotive garage equipment market, holding the largest market share. Several factors contribute to its significant presence because the region's booming automotive industry, driven by rising disposable incomes, urbanization, and increasing demand for personal vehicles, has fueled the demand for repair and maintenance services. This, in turn, has driven the need for automotive garage equipment. Additionally, the presence of major automotive manufacturing hubs, such as China, Japan, South Korea, and India, has further contributed to the market's growth in the region. Moreover, the rapid expansion of independent repair shops and aftermarket service providers in countries like China and India has propelled the demand for automotive garage equipment. Furthermore, government initiatives promoting automotive manufacturing and repair industries, along with favorable investment policies, have attracted significant investments in the region. These factors combined have established Asia-Pacific as the leading market for automotive garage equipment.
In June 2022, Tata Motors announced that it is testing the Nexon CNG and is actively developing CNG versions of the Nexon, Altroz, and Punch. Several industry sources verified that the Nexon test mule was sighted in Pune with an emission testing device.
In October 2022, Air Console and the BMW Group have announced a collaboration to integrate casual gaming into future BMW automobiles. Air Console is a gaming platform that works nicely with the BMW Curved Display and has a wide and diversified game catalog. The games are played directly through the vehicle's entertainment system. Air Console was chosen as a partner by the BMW Group under the BMW Startup Garage program.
The report offers the appropriate analysis of the key organizations/companies involved within the global automotive garage equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Companies:
- Arex Test Systems B.V.
- Gray Manufacturing Company Inc.
- Snap-On Incorporated
- Vehicle Service Group
- Robert Bosch
- Continental AG
- Maha Maschinenbau Haldenwang Gmbh & Co.
- Boston Garage Equipment Ltd.
- Istobal S.A.
- Aro Equipments Pvt. Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture Capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global automotive garage equipment market based on the below-mentioned segments:
Automotive Garage Equipment Market, By Garage Type
- OEM Authorized Garage
- Independent Garage
Automotive Garage Equipment Market, By Application
- Body Shop Equipment
- Diagnostic & Testing Equipment
- Emission Equipment
- Lifting Equipment
- Washing Equipment
- Wheel & Tire Equipment
Automotive Garage Equipment Market, By Installation
Automotive Garage Equipment Market, By Function Type
Automotive Garage Equipment Market, By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Automotive Garage Equipment Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Need help to buy this report?