Product Code: 138054-01-23
Booming automotive sector has given substantial rise to a burgeoning automotive garage equipment market. With consistent rise in automotive sales, the related service & maintenance sector has demonstrated immense growth over the period of time. Apart from authorized service centers, multi-brand service centers have come into existence, thereby driving additional demand for related garage equipment.
With growing automotive and related service & maintenance sectors, the demand for related automotive garage equipment is bound to remain strong over the forecast period. Another prominent factor driving the automotive garage equipment market is increasing average age of vehicles. In addition, growing consumer awareness and spending for vehicle safety is further escalating the automotive garage equipment market growth.
Automotive garage equipment include wide array of products including air compressors, automotive jacks, battery chargers, engine tools, jack mounts, welding tools and other automotive maintenance related tools. One of the most prominent trends observed in automotive garage equipment market is increasing OEM dealerships. With increasing preference of consumers towards quality and authentic products, service centers are increasingly entering into partnerships with OEM. This is primarily followed by third-party multi-brand service centers with an aim providing enhanced quality service to their customers.
Asia Pacific dominates the global automotive garage equipment market and is expected to grow with the highest growth rate over the forecast period. Asia Pacific is the leading geographical region for production of light vehicles with more than 30% of global production. With the rising automotive sales, shares of automotive garage equipment market is set to witness an upswing in the coming years. Automotive garage equipment market is significantly unorganized in Asia Pacific region. Due to this unorganized nature of market, independent garage segment holds largest share of automotive garage equipment market in Asia Pacific.
On the other hand, rising penetration of franchises, growing awareness of consumers for quality of service offered, pairing up of small independent shops with fleet operators to gain more maintenance contracts are shifting the nature of automotive garage equipment market towards organized service sector. Europe holds the 2nd position in market share due to presence of huge automobile manufacturing sector.
Key Players Identified in Automotive Garage Equipment Market include but are not limited to:
Arex Test Systems B.V., Nussbaum Automotive Solutions Lp, Snap-on, Inc., VisiCon Automatisierungstechnik GmbH, Oil Lube Systems Pvt. Ltd., Standard Tools and Equipment Co., Inc., Symach srl, Gray Manufacturing Company, Inc., Vehicle Service Group, Con Air Equipments Pvt. Ltd., Istobal S.A., LKQ Coatings Ltd., Aro Equipments Pvt. Ltd., Continental AG, Robert Bosch GmbH, MAHA Mechanical Engineering Haldenwang GmbH & Co. KG, Boston Garage Equipment Ltd., Guangzhou Jingjia Auto Equipment Co., Ltd., Nussbaum Automotive Solutions Lp, Vehicle Service Group, Gray Manufacturing Company, Inc., VisiCon Automatisierungstechnik GmbH, Forward Lift Company (Dover Corporation) And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Garage Equipment market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Automotive Garage Equipment market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Lifting Equipment
- Testing Equipment
- Diagnostic Instruments
- Wheel & Tire Service Equipment
- Washing Equipment
- Others (Air Compressors, Battery Chargers, Safety Glasses, Paint Guns etc.)
Vehicle
- Two Wheelers
- Passenger Cars
- Heavy Commercial Vehicle (HCV)
- Light Commercial Vehicle (LCV)
Garage
- Automotive Dealerships
- Independent Garage
- Others (Specialty Shops, Tire shops etc.)
Region Segment (2021-2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Automotive Garage Equipment market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Automotive Garage Equipment market?
- Which is the largest regional market for Automotive Garage Equipment market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Automotive Garage Equipment market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Garage Equipment market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Automotive Garage Equipment Market
- 2.2. Global Automotive Garage Equipment Market, By Product, 2022 (US$ Million)
- 2.3. Global Automotive Garage Equipment Market, By Vehicle, 2022 (US$ Million)
- 2.4. Global Automotive Garage Equipment Market, By Garage, 2022 (US$ Million)
- 2.5. Global Automotive Garage Equipment Market, By Geography, 2022 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2022
3. Automotive Garage Equipment Market: Competitive Analysis
- 3.1. Market Positioning of Key Automotive Garage Equipment Market Vendors
- 3.2. Strategies Adopted by Automotive Garage Equipment Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Automotive Garage Equipment Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Automotive Garage Equipment Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Lifting Equipment
- 5.3.2. Testing Equipment
- 5.3.3. Diagnostic Instruments
- 5.3.4. Wheel & Tire Service Equipment
- 5.3.5. Washing Equipment
- 5.3.6. Others (Air Compressors, Battery Chargers, Safety Glasses, Paint Guns etc.)
6. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Two Wheelers
- 6.3.2. Passenger Cars
- 6.3.3. Heavy Commercial Vehicle (HCV)
- 6.3.4. Light Commercial Vehicle (LCV)
7. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Automotive Dealerships
- 7.3.2. Independent Garage
- 7.3.3. Others (Specialty Shops, Tire shops etc.)
8. North America Automotive Garage Equipment Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 8.3. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 8.4. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 8.5.Automotive Garage Equipment Market: By Region, 2021-2031, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 8.5.1.1.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 8.5.1.1.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 8.5.1.2.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 8.5.1.2.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 8.5.1.3.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 8.5.1.3.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
9. UK and European Union Automotive Garage Equipment Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.3. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.4. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.Automotive Garage Equipment Market: By Region, 2021-2031, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.1.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.1.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.2.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.2.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.3.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.3.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.4.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.4.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.5.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.5.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 9.5.1.6.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 9.5.1.6.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
10. Asia Pacific Automotive Garage Equipment Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.3. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.4. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.Automotive Garage Equipment Market: By Region, 2021-2031, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.1.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.1.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.2.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.2.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.3.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.3.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.4.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.4.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.5.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.5.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 10.5.1.6.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 10.5.1.6.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
11. Latin America Automotive Garage Equipment Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 11.3. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 11.4. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 11.5.Automotive Garage Equipment Market: By Region, 2021-2031, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 11.5.1.1.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 11.5.1.1.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 11.5.1.2.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 11.5.1.2.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 11.5.1.3.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 11.5.1.3.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
12. Middle East and Africa Automotive Garage Equipment Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 12.3. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 12.4. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 12.5.Automotive Garage Equipment Market: By Region, 2021-2031, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 12.5.1.1.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 12.5.1.1.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 12.5.1.2.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 12.5.1.2.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Automotive Garage Equipment Market: By Product, 2021-2031, USD (Million)
- 12.5.1.3.1. Automotive Garage Equipment Market: By Vehicle, 2021-2031, USD (Million)
- 12.5.1.3.1. Automotive Garage Equipment Market: By Garage, 2021-2031, USD (Million)
13. Company Profile
- 13.1. Arex Test Systems B.V.
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Nussbaum Automotive Solutions Lp
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Snap-on, Inc.
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. VisiCon Automatisierungstechnik GmbH
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Oil Lube Systems Pvt. Ltd.
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Standard Tools and Equipment Co., Inc.
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Symach srl
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Gray Manufacturing Company, Inc.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Vehicle Service Group
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Con Air Equipments Pvt. Ltd.
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Istobal S.A.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. LKQ Coatings Ltd.
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Aro Equipments Pvt. Ltd.
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
- 13.14. Continental AG
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives
- 13.15. Robert Bosch GmbH
- 13.15.1. Company Overview
- 13.15.2. Financial Performance
- 13.15.3. Product Portfolio
- 13.15.4. Strategic Initiatives
- 13.16. MAHA Mechanical Engineering Haldenwang GmbH & Co. KG
- 13.16.1. Company Overview
- 13.16.2. Financial Performance
- 13.16.3. Product Portfolio
- 13.16.4. Strategic Initiatives
- 13.17. Boston Garage Equipment Ltd.
- 13.17.1. Company Overview
- 13.17.2. Financial Performance
- 13.17.3. Product Portfolio
- 13.17.4. Strategic Initiatives
- 13.18. Guangzhou Jingjia Auto Equipment Co., Ltd.
- 13.18.1. Company Overview
- 13.18.2. Financial Performance
- 13.18.3. Product Portfolio
- 13.18.4. Strategic Initiatives
- 13.19. Nussbaum Automotive Solutions Lp
- 13.19.1. Company Overview
- 13.19.2. Financial Performance
- 13.19.3. Product Portfolio
- 13.19.4. Strategic Initiatives
- 13.20. Vehicle Service Group
- 13.20.1. Company Overview
- 13.20.2. Financial Performance
- 13.20.3. Product Portfolio
- 13.20.4. Strategic Initiatives
- 13.21. Gray Manufacturing Company, Inc.
- 13.21.1. Company Overview
- 13.21.2. Financial Performance
- 13.21.3. Product Portfolio
- 13.21.4. Strategic Initiatives
- 13.22. VisiCon Automatisierungstechnik GmbH
- 13.22.1. Company Overview
- 13.22.2. Financial Performance
- 13.22.3. Product Portfolio
- 13.22.4. Strategic Initiatives
- 13.23. Forward Lift Company (Dover Corporation)
- 13.23.1. Company Overview
- 13.23.2. Financial Performance
- 13.23.3. Product Portfolio
- 13.23.4. Strategic Initiatives
- 13.24. Others
- 13.24.1. Company Overview
- 13.24.2. Financial Performance
- 13.24.3. Product Portfolio
- 13.24.4. Strategic Initiatives