Automotive Garage Equipment Market Research Report - Global Forecast till 2030

Automotive Garage Equipment Market Research Report: Information by Equipment Type (Wheel & Tire Service Equipment, Lifting Equipment, Vehicle Diagnostic & Testing Equipment, Body Shop Equipment, Washing Equipment and other Tools), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Garage Type (Automotive OEM Dealerships, Franchised Garages and Independent Garages) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/AM/6487-HCR | December 2022 | Region: Global | 100 Pages         

Automotive Garage Equipment Market

The global automotive garage equipment market is estimated to witness a 4.22% CAGR during the forecast period 2022-2030.

Segmentation

By Equipment Type Wheel & Tire Service Equipment Lifting Equipment Vehicle Diagnostic & Testing Equipment Body Shop Equipment Washing Equipment other Tools
By Vehicle Type Passenger Cars Commercial Vehicles
By Garage Type Automotive OEM Dealerships Franchised Garages Independent Garages

Key Players

  • Robert Bosch GmbH (Germany)
  • Continental AG (Germany)
  • Istobal S.A. (US)
  • Aro Equipments Pvt. Ltd (India)
  • Guangzhou Jingjia Auto Equipment Co. Ltd (China)
  • Nussbaum Automotive Solutions Lp (US)
  • Boston Garage Equipment Ltd (UK)
  • Arex Test Systems B.V. (Netherlands)
  • Vehicle Service Group (US)
  • Gray Manufacturing Company Inc. (US)
  • VisiCon Automatisierungstechnik GmbH (Germany)
  • MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany).

Drivers

  • To meet modern garages needs such as reliable fault diagnoses
  • Fast vehicle identification
  • Comprehensive data
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Automotive Garage Equipment Market Overview


The automotive garage equipment Equipment Market size exceeded a market sum of USD 6.1 billion during the historic forecast period that had ended in 2019 and is anticipated to witness a growth of over a market CAGR of 4.22% between 2022 and 2030. In addition, there has been a rapid increase in the number of new construction projects in both commercial and residential sectors, with growing urbanization and industrialization supporting industry growth. As a result, the market expects to continuously grow and reach a market value worth USD 10.7 billion.


Post-warranty, the majority of the car owners approach independent garages due to inexpensive labor costs in these garages. Also, genuine after-market products have grown significantly in the independent garages to attract premium car owners. Moreover, due to the increasing repair and maintenance costs in the OEM authorized garages, the car owners are getting their cars serviced from independent garages.


COVID 19 Analysis


The outbreak of the COVID-19 pandemic has spread across the globe. In March 2020, the declaration of coronavirus as a pandemic by the WHO had resulted in lockdowns being implemented in most countries. The strict restrictions that government authorities have imposed have compelled industry players to allow their employees to work remotely and in a virtual manner. However, the adoption of automated developed technologies to minimize human interaction in manufacturing and production facilities is expected to support the widespread growth of the global automotive garage equipment market during the forecast period that will end in 2027. The widespread use of technologies, including automated machinery and advanced electronics, has ensured the continuous running of businesses during the pandemic and has further enhanced work productivity.


The growing sales of excavators and related products are likely to play a vital role in generating revenue for the automotive garage equipment industry. The rise in the demand for the products can be attributed to their high usage in the construction of commercial and residential buildings. The market report shows that there has been a massive demand for the products, and hence, the losses during the pandemic are likely to be covered in the period. The fluctuating degree of sales of excavators is further expected to affect the global growth of the automotive garage equipment market over the projected timeframe.


Market Dynamics



  • Drivers


The emission equipment segment is expected to be the fastest-growing market during the forecast period. The increasing pollution level is one of the major concerns for the government and OEMs worldwide. Standard emission equipment includes exhaust gas analyzers, diesel smoke meters, and emission testers.



  • Restraints


However, the automotive garage equipment market value is likely to be hampered during the ongoing forecast period ending in 2027. The trends suggest that the global market is likely to witness a decline in sales because of the virus outbreak, which has targeted the employment of people.



  • Technology Analysis


There has been a rapid increase in the urban population demanding better infrastructure facilities. This factor is expected to positively impact the automotive garage equipment market demand over the forecast period as projected by the market experts and chiefs. In addition, the implementation of various government initiatives is undertaken to develop infrastructure. The increasing investments in the construction industry are projected to drive consumption of the global automotive garage equipment market from 2022 to 2030. The rising need for better connectivity and enhanced facilities is also anticipated to drive the industry. An increase in the degree of globalization is also expected to create a favorable environment for foreign direct investment, which is estimated to enhance technology employment, followed by the market's growth in the forecast period.


Segment Overview


The automotive garage equipment market growth can be attributed to the excellent performance of the market segments, followed by the rising revenue that has been witnessed. Also, the market segments are likely to meet the rising needs of the target audience further, helping to expand the market size and grow as per the predictions. Therefore, the global automotive garage equipment market has been segmented based on the following:


Based on garage type, the market has been segmented as follows:



  • OEM authorized garage

  • Independent garage


Based on application, the market has been segmented as follows:



  • Body Shop Equipment

  • Diagnostic & Testing Equipment

  • Emission Equipment

  • Lifting Equipment

  • Washing Equipment

  • Wheel & Tire Equipment

  • Others


Based on the installation type, the market has been segmented as follows:



  • Mobile

  • Fixed


Based on function type, the market has been segmented as follows:



  • Electronic

  • Mechanical


Based on vehicle type, the market has been segmented as follows:



  • PC

  • CV


Based on the region, the market has been segmented as follows:



  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Rest of Asia Pacific



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • France

    • Germany

    • Italy

    • Russia

    • Spain

    • UK

    • Rest of Europe



  • Rest of the World

    • Brazil

    • Iran

    • Rest of RoW




Regional Analysis


The Asian Pacific region is expected to dominate the global automotive garage equipment market, followed by the Europe and North America region during the forecast period that ends in 2027. The North American automotive industry is one of the most advanced globally. The U.S. has a major role to play in fuelling the growth in the region. The automotive industry in the country is inclined towards innovation, technology, and the development of high-performance and fuel-efficient vehicles. The advancements in sensors and IoT devices have led OEMs to implement advanced features. The country is expected to play a significant role in the growth of autonomous vehicles in the U.S. Also, commercial vehicle sales increased by 6.9% to reach 15,152,39 units in 2018. There has been a rise in the logistic demand and innovation from American OEMs will influence the demand for more garage equipment. Also, The North American Free Trade Agreement (NAFTA) information suggests that has fostered the growth of the automotive industry in the region.


Competitive Landscape


The automotive garage equipment market is witnessing a steady growth in the global competition due to the efforts pooled in by the understated companies:



  • Arex Test Systems B.V. (Netherland)

  • Boston Garage Equipment Ltd (U.K.)

  • Gray Manufacturing Company Inc. (U.S.)

  • Robert Bosch (Germany)

  • Maha Maschinenbau Haldenwang GmbH & Co. (Germany)

  • Snap-On Incorporated (U.S.)

  • Continental AG (Germany)

  • Vehicle Service Group (U.S.)


Recent Developments


Post-warranty, the majority of the car owners approach independent garages due to inexpensive labor costs in these garages. Also, genuine after-market products have grown significantly in the independent garages to attract premium car owners. The diverse usage of authorized products and affordable labor costs made independent garages a preferred option for preventive maintenance such as routine repairs, oil check-ups, and others. Moreover, there has been an increase in the repair and maintenance costs in the OEM authorized garages, the car owners are getting their cars serviced from independent garages. Such trends will prove to be helpful in increasing the demand for garage equipment for independent garages.



  • In February 2019, one of the prominent market companies Continental launched TPMS GO, an entry-level service tool for tire pressure monitoring systems (TPMS). According to the statistics, this company along with this new device would be practical, rugged, and economical as workshop equipment.

  • In July 2019, John Bean took to the international scale and launched a new swing arm tire changer called John Bean T2545T. It would have been emerging as an ideal for handling passenger cars and light trucks due to its compact design, easy and quick setup.

  • In May 2019, OMCN took to the international scale and unveiled a newly developed lift model 190/EV, specially designed for electric vehicles. It will be a development that would lift would help install and remove battery packs easily for electric vehicles.

  • In July 2019, Workshop supplier MAHA had newly opened a new training center in Haldenwang. The new center would provide hands-on training and practical guidance to the workshop technicians.


Intended Audience



  • Automotive garage equipment manufacturers

  • Distributor & Supplier companies

  • End Users

  • consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Report Overview


The report for the automotive garage equipment market has been prepared after extensive primary research and a detailed analysis of qualitative and quantitative aspects by various industry experts. In addition, the report provides information and strategies that are a part of the top key players in the industry. The report also helps in providing a comprehensive study of the different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   4.22% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Equipment Type, Vehicle Type, Garage Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Robert Bosch GmbH (Germany), Continental AG (Germany), Istobal S.A. (US), Aro Equipments Pvt. Ltd (India), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Nussbaum Automotive Solutions Lp (US), Boston Garage Equipment Ltd (UK), Arex Test Systems B.V. (Netherlands), Vehicle Service Group (US), Gray Manufacturing Company, Inc. (US), VisiCon Automatisierungstechnik GmbH (Germany), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany).
  Key Market Opportunities   To meet modern garages needs such as reliable fault diagnoses, fast vehicle identification, and comprehensive data
  Key Market Drivers   Stringent government regulations coupled with the increase in the demand for controlling the rising levels of exhaust emissions through removal of diesel particulate traps


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Frequently Asked Questions (FAQ) :

The market can potentially achieve a growth rate of 4.22% in the coming years.

The automotive garage equipment market is expanding substantially, backed by the booming automotive industry all over the world as well as the intense efforts being put in by the manufacturers to come up with the latest technologies.

The renowned companies in the global market are VisiCon Automatisierungstechnik GmbH (Germany), Istobal S.A. (US), Aro Equipments Pvt. Ltd (India), Arex Test Systems B.V. (Netherlands), Continental AG (Germany), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany), Nussbaum Automotive Solutions Lp (US), Robert Bosch GmbH (Germany), Vehicle Service Group (US), Boston Garage Equipment Ltd (UK), Gray Manufacturing Company, Inc. (US), Guangzhou Jingjia Auto Equipment Co., Ltd (China), and others.

Independent garages offer comparatively cheaper servicing as well as maintenance to the vehicle owners, which leads to its dominance in the automotive garage equipment market.

The market for automotive garage equipment in APAC can be the largest during the conjectured period.