Automotive Garage Equipment Market Size to Surpass USD 13.64 Billion by 2030: SNS Insider Study

Automotive Garage Equipment Market

Automotive Garage Equipment Market Size, Share & Segmentation By Garage Type, By Application, By Function Type, By Regions And Global Market Forecast 2023-2030

AUSTIN, TEXAS, UNITED STATES, January 17, 2024 /EINPresswire.com/ — 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐆𝐚𝐫𝐚𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐲𝐧𝐨𝐩𝐬𝐢𝐬:

The Automotive Garage Equipment Market Size was valued at USD 7.59 billion in 2022 and is expected to reach USD 13.64 billion by 2030 and grow at a CAGR of 7.6% over the forecast period 2023-2030, As the automotive sector continues to witness rapid technological advancements and shifts in consumer preferences, the Automotive Garage Equipment Market plays a crucial role in ensuring efficient vehicle maintenance and repair services.      

The rise of electric vehicles (EVs) and the integration of advanced driver-assistance systems (ADAS) have propelled the Automotive Garage Equipment Market into a new era.               

𝐓𝐨 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.snsinsider.com/sample-request/1756

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:     

The emphasis on environmental sustainability and stringent emission standards further amplifies the market scope. Automotive Garage Equipment designed for eco-friendly practices, such as efficient waste management systems and energy-saving tools, become pivotal in aligning with the industry’s green initiatives. Additionally, the advent of connected vehicles and the Internet of Things (IoT) injects a digital dimension into the Automotive Garage Equipment Market.        

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:  

The rise of electric vehicles presents a significant opportunity for the garage equipment market. Specialized tools and equipment for EV maintenance and repair are expected to witness increased demand. The integration of digital platforms and connectivity solutions in garage equipment opens avenues for remote diagnostics and predictive maintenance, enhancing overall operational efficiency.         

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The APAC region stands as a dynamic and thriving hub in the global Automotive Garage Equipment Market, showcasing a landscape that intertwines technological innovation, economic expansion, and a burgeoning automotive industry. As the region continues to assert its influence on the world stage, the Automotive Garage Equipment Market in APAC becomes a focal point of innovation and evolution. Governments in the region are increasingly focusing on environmental sustainability and safety standards, influencing the demand for garage equipment that aligns with these regulations.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Wheel and tire service equipment rolls into focus with tools dedicated to the delicate balance of tire mounting, balancing, and alignment. As vehicles evolve, so do the demands on this segment, with advancements like laser-guided alignment systems and touchless tire changers making waves. Body shop equipment takes center stage in the artistry of automotive restoration and repair. This segment includes frame straighteners, paint booths, and dent repair tools, embodying the precision required to restore vehicles to their original form.     

𝐁𝐲 𝐆𝐚𝐫𝐚𝐠𝐞 𝐓𝐲𝐩𝐞:

• OEM authorized garage

• Independent garage

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Body Shop Equipment

• Diagnostic & Testing Equipment

• Emission Equipment

• Lifting Equipment

• Washing Equipment

• Wheel & Tire Equipment

• Others

𝐁𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧 𝐓𝐲𝐩𝐞:

• Electrical

• Mechanical

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐆𝐚𝐫𝐚𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡:

The Automotive Garage Equipment Market has witnessed substantial growth driven by several factors influencing the automotive aftermarket. One significant factor is the increasing complexity of modern vehicles, which requires sophisticated diagnostic and repair equipment. Technological advancements in automotive systems and components demand advanced tools and equipment in repair and maintenance facilities. As vehicles become more technologically advanced with features such as advanced driver assistance systems (ADAS) and complex engine management systems, automotive garages need specialized equipment for accurate diagnostics and efficient repairs. This has led to a growing demand for cutting-edge garage equipment, including diagnostic tools, lifts, tire changers, and wheel alignment systems, among others.

Furthermore, the expansion of the global automotive fleet, coupled with the increasing average age of vehicles on the road, has contributed to the growth of the Automotive Garage Equipment Market. As vehicles age, there is a higher likelihood of wear and tear, requiring more frequent maintenance and repairs. This trend has prompted automotive garages to invest in high-quality equipment to cater to the growing demand for aftermarket services. Additionally, the rise of do-it-yourself (DIY) automotive enthusiasts has spurred the sales of garage equipment for home use, further expanding the market. As the automotive industry continues to evolve, with advancements in vehicle technologies and an increasing focus on maintenance and repair, the Automotive Garage Equipment Market is expected to experience sustained growth in the coming years.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:  

• The automotive garage equipment market is witnessing a significant influx of advanced technologies. This includes the integration of smart diagnostics, digitalized repair tools, and connected equipment. These technological advancements aim to enhance efficiency, accuracy, and overall performance in vehicle maintenance.

• There is a growing awareness within the automotive garage equipment industry about the importance of sustainable practices. Manufacturers are increasingly focusing on developing eco-friendly and energy-efficient equipment. This shift aligns with broader industry trends toward sustainability and environmental responsibility.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.snsinsider.com/checkout/1756

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬:

• Adaptive Matrix Lighting Systems: Embracing a futuristic approach, automotive exterior smart lighting systems are now equipped with adaptive matrix technologies. These systems use an array of individually controllable LEDs, allowing for precise and dynamic light distribution.

• Communication through Light: The integration of Li-Fi (Light Fidelity) technology within exterior smart lighting is revolutionizing communication between vehicles.

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬

𝟏. 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

𝟐. 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲

𝟑. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

𝟒. 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

𝟓. 𝐕𝐚𝐥𝐮𝐞 𝐂𝐡𝐚𝐢𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝟔. 𝐏𝐨𝐫𝐭𝐞𝐫’𝐬 𝟓 𝐟𝐨𝐫𝐜𝐞𝐬 𝐦𝐨𝐝𝐞𝐥

𝟕. 𝐏𝐄𝐒𝐓 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝟖. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐆𝐚𝐫𝐚𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐁𝐲 𝐆𝐚𝐫𝐚𝐠𝐞 𝐓𝐲𝐩𝐞

8.1 OEM authorized garage

8.2 Independent garage

𝟗. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐆𝐚𝐫𝐚𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

9.1 Body Shop Equipment

9.2 Diagnostic & Testing Equipment

9.3 Emission Equipment

9.4 Lifting Equipment

9.5 Washing Equipment

9.6 Wheel & Tire Equipment

9.7 Others

𝟏𝟎. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐆𝐚𝐫𝐚𝐠𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, 𝐛𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧 𝐓𝐲𝐩𝐞

10.1 Electronic

10.2 Mechanical

𝟏𝟏. 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝…!

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company ‘s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety.

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