AUTOMOTIVE & TRANSPORTATION
Global Automotive Garage Equipment Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Garage Equipment Market, By Equipment Type (Lifting Equipment, Emission Equipment, Body Shop Equipment, Wheel & Tire Equipment, Vehicle Diagnostics & Testing, Washing Equipment, and Other Tools), Vehicle Type (Passenger Cars and Commercial Vehicles), Installation (Mobile and Fixed), Function Type (Electronic and Mechanical), Garage Type (OEM Authorized Garage, and Independent Garage), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive garage equipment market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Automotive garage equipment includes the specialized tools, gear, and devices used in auto repair and maintenance shops. This equipment includes things like air compressors, wheel balancers, hydraulic lifts, diagnostic tools, and other hand tools that are necessary for auto maintenance. Automotive garage equipment is critical to guaranteeing efficient and successful repair operations, boosting safety standards, and increasing overall production in vehicle repair facilities. It lowers downtime, improves diagnostic and repair accuracy for mechanics, and helps the automotive sector sustain high standards of customer satisfaction and service quality.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- The rising demand for vehicles globally
- The growing aftermarket automotive sector
- Environmental regulations mandating emission testing and vehicle inspection
RESTRAINTS
- Adverse impact of high initial investment
- Skills gap and training challenges
OPPORTUNITIES
- Integration of IoT and connectivity solutions
- E-commerce platforms for equipment sales
- Growing automotive aftermarket and increasing number of independent repair shops
CHALLENGES
- Limited standardization of equipment
- Stringent environmental regulations
SEGMENTATION
- Equipment Type
- Lifting Equipment
- Emission Equipment
- Body Shop Equipment
- Wheel & Tire Equipment
- Vehicle Diagnostics & Testing
- Washing Equipment
- Other Tools
- Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Installation
- Mobile
- Fixed
- Function Type
- Electronic
- Mechanical
- Garage Type
- OEM Authorized Garage
- Independent Garage
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Arex Test Systems B.V.
- Aro Equipments Pvt. Ltd.
- Boston Garage Equipment Ltd.
- Continental AG
- Gray Manufacturing Company Inc.
- Istobal S.A.
- LKQ Coatings Ltd.
- Ravaglioli S.p.A.
- Robert Bosch GmbH
- Vehicle Service Group
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Garage Equipment Market, by Equipment Type
- 3.2 Global Automotive Garage Equipment Market, by Vehicle Type
- 3.3 Global Automotive Garage Equipment Market, by Installation
- 3.4 Global Automotive Garage Equipment Market, by Function Type
- 3.5 Global Automotive Garage Equipment Market, by Garage Type
- 3.6 Global Automotive Garage Equipment Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing demand for emission control equipment due to environmental concerns and regulations
- 5.1.2 Increasing adoption of digital and automated garage equipment
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 The rising demand for vehicles globally
- 5.2.2 The growing aftermarket automotive sector
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Adverse impact of high initial investment
- 5.3.2 Skills gap and training challenges
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Integration of IoT and connectivity solutions
- 5.4.2 E-commerce platforms for equipment sales
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Limited standardization of equipment
- 5.5.2 Stringent environmental regulations
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE
- 6.1 Equipment Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE
- 7.1 Vehicle Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY INSTALLATION
- 8.1 Installation Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Garage Equipment Market, by Installation (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE
- 9.1 Function Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Garage Equipment Market, by Function Type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY GARAGE TYPE
- 10.1 Garage Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Garage Equipment Market, by Garage Type (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Garage Equipment Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA AUTOMOTIVE GARAGE EQUIPMENT MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- 12.4 North America Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- 12.5 North America Automotive Garage Equipment Market, by Installation (2019-2032)
- 12.6 North America Automotive Garage Equipment Market, by Function Type (2019-2032)
- 12.7 North America Automotive Garage Equipment Market, by Garage Type (2019-2032)
- 12.8 North America Automotive Garage Equipment Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE AUTOMOTIVE GARAGE EQUIPMENT MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- 13.4 Europe Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- 13.5 Europe Automotive Garage Equipment Market, by Installation (2019-2032)
- 13.6 Europe Automotive Garage Equipment Market, by Function Type (2019-2032)
- 13.7 Europe Automotive Garage Equipment Market, by Garage Type (2019-2032)
- 13.8 Europe Automotive Garage Equipment Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC AUTOMOTIVE GARAGE EQUIPMENT MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- 14.4 Asia-Pacific Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- 14.5 Asia-Pacific Automotive Garage Equipment Market, by Installation (2019-2032)
- 14.6 Asia-Pacific Automotive Garage Equipment Market, by Function Type (2019-2032)
- 14.7 Asia-Pacific Automotive Garage Equipment Market, by Garage Type (2019-2032)
- 14.8 Asia-Pacific Automotive Garage Equipment Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA AUTOMOTIVE GARAGE EQUIPMENT MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- 15.4 South America Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- 15.5 South America Automotive Garage Equipment Market, by Installation (2019-2032)
- 15.6 South America Automotive Garage Equipment Market, by Function Type (2019-2032)
- 15.7 South America Automotive Garage Equipment Market, by Garage Type (2019-2032)
- 15.8 South America Automotive Garage Equipment Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA AUTOMOTIVE GARAGE EQUIPMENT MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Automotive Garage Equipment Market, by Equipment Type (2019-2032)
- 16.4 Middle East and Africa Automotive Garage Equipment Market, by Vehicle Type (2019-2032)
- 16.5 Middle East and Africa Automotive Garage Equipment Market, by Installation (2019-2032)
- 16.6 Middle East and Africa Automotive Garage Equipment Market, by Function Type (2019-2032)
- 16.7 Middle East and Africa Automotive Garage Equipment Market, by Garage Type (2019-2032)
- 16.8 Middle East and Africa Automotive Garage Equipment Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Automotive Garage Equipment Market, Company Share Analysis
- 17.2 North America Automotive Garage Equipment Market, Company Share Analysis
- 17.3 Europe Automotive Garage Equipment Market, Company Share Analysis
- 17.4 Asia-Pacific Automotive Garage Equipment Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 Arex Test Systems B.V.
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Aro Equipments Pvt. Ltd.
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Boston Garage Equipment Ltd.
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 Continental AG
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Gray Manufacturing Company Inc.
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Istobal S.A.
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 LKQ Coatings Ltd.
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Ravaglioli S.p.A.
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Robert Bosch GmbH
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Vehicle Service Group
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.