The global automotive garage equipment market is expected to reach an estimated $11.5 billion by 2030 with a CAGR of 5.3% from 2024 to 2030.
The major drivers for this market are rising trend of digitalization of the automotive industry, growing adoption of electric vehicles, and technological advancements in vehicle safety systems. The future of the global automotive garage equipment market looks promising with opportunities in the body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, and wheel & tire equipment markets.
Within this market, emission equipment is expected to witness the highest growth due to strong demand for testing and repair equipment.
North America will remain the largest region over the forecast period due to the nation's large customer base and increasing inclination towards technological advancements and the development of fuel-efficient vehicles.
Answer: The global automotive garage equipment market is expected to reach an estimated $11.5 billion by 2030.
Q2. What is the growth forecast for automotive garage equipment market?
Answer: The global automotive garage equipment market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive garage equipment market?
Answer: The major drivers for this market are rising trend of digitalization of the automotive industry, growing adoption of electric vehicles, and technological advancements in vehicle safety systems.
Q4. What are the major segments for automotive garage equipment market?
Answer: The future of the automotive garage equipment market looks promising with opportunities in the body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, and wheel & tire equipment markets.
Q5. Who are the key automotive garage equipment market companies?
Answer: Some of the key automotive garage equipment companies are as follows:
Answer: The publisher forecasts that independent garage is expected to witness the higher growth over the forecast period due to the rising cost of maintenance and repairs in OEM-approved garages.
Q7. In automotive garage equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the nation's large customer base and increasing inclination towards technological advancements and the development of fuel-efficient vehicles.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The major drivers for this market are rising trend of digitalization of the automotive industry, growing adoption of electric vehicles, and technological advancements in vehicle safety systems. The future of the global automotive garage equipment market looks promising with opportunities in the body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, and wheel & tire equipment markets.
Automotive Garage Equipment by Segment
The study includes a forecast for the global automotive garage equipment by garage type, vehicle type, application, and region.Automotive Garage Equipment Market by Garage Type [Shipment Analysis by Value from 2018 to 2030]:
- Original Equipment Manufacturer Authorized Garage
- Independent Garage
Automotive Garage Equipment Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
- Passenger Vehicles
- Commercial Vehicles
Automotive Garage Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Body Shop Equipments
- Diagnostic & Testing Equipments
- Emission Equipments
- Lifting Equipments
- Washing Equipments
- Wheel & Tire Equipments
- Others
Automotive Garage Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Garage Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive garage equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive garage equipment companies profiled in this report include:- Dover Corporation
- Continental
- CEMB
- Robert Bosch
- V-Tech
- Fortive Corporation
- Istobal
Automotive Garage Equipment Market Insights
Independent garage is expected to witness the higher growth over the forecast period due to the rising cost of maintenance and repairs in OEM-approved garages.Within this market, emission equipment is expected to witness the highest growth due to strong demand for testing and repair equipment.
North America will remain the largest region over the forecast period due to the nation's large customer base and increasing inclination towards technological advancements and the development of fuel-efficient vehicles.
Features of the Global Automotive Garage Equipment Market
- Market Size Estimates: Automotive garage equipment market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive garage equipment market size by garage type, vehicle type, application, and region in terms of value ($B).
- Regional Analysis: Automotive garage equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different garage types, vehicle types, applications, and regions for the automotive garage equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive garage equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive garage equipment market size?Answer: The global automotive garage equipment market is expected to reach an estimated $11.5 billion by 2030.
Q2. What is the growth forecast for automotive garage equipment market?
Answer: The global automotive garage equipment market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive garage equipment market?
Answer: The major drivers for this market are rising trend of digitalization of the automotive industry, growing adoption of electric vehicles, and technological advancements in vehicle safety systems.
Q4. What are the major segments for automotive garage equipment market?
Answer: The future of the automotive garage equipment market looks promising with opportunities in the body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, and wheel & tire equipment markets.
Q5. Who are the key automotive garage equipment market companies?
Answer: Some of the key automotive garage equipment companies are as follows:
- Dover Corporation
- Continental
- CEMB
- Robert Bosch
- V-Tech
- Fortive Corporation
- Istobal
Answer: The publisher forecasts that independent garage is expected to witness the higher growth over the forecast period due to the rising cost of maintenance and repairs in OEM-approved garages.
Q7. In automotive garage equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the nation's large customer base and increasing inclination towards technological advancements and the development of fuel-efficient vehicles.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive garage equipment market by garage type (original equipment manufacturer authorized garage and independent garage), vehicle type (passenger vehicles and commercial vehicles), application (body shop equipments, diagnostic & testing equipments, emission equipments, lifting equipments, washing equipments, wheel & tire equipments, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Garage Equipment Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dover Corporation
- Continental
- CEMB
- Robert Bosch
- V-Tech
- Fortive Corporation
- Istobal
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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