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Pulished Date April, 2021
ID: 9787
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Garage Equipment Market by Type (OEM Authorized Garage And Independent Garage), Application (Body Shop Equipment, Diagnostic & Testing Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel & Tire Equipment, and Others), Installation Type (Mobile and Fixed), Function Type (Electronic and Mechanical), Vehicle Type (Passenger Cars and Commercial Vehicles) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 9787
Pages: 175

Market Overview:

The global garage equipment market is projected to grow from USD 6.1 billion in 2021 to USD 10.7 billion by 2027, at a CAGR of 7.4%.

Garage equipment is often defined because of the collection of products and devices designed to supply the garage owners and end-users of that equipment with high performing and highly superior service quality, like body shop, wheel & tire maintenance, emission testing, vehicle lifting, vehicle diagnosis & testing and various others. This equipment’s range differently from their functionality and every equipment type provides different levels of usage

Factors like the arrival of autonomous vehicles, implementation of advanced connectivity features, OEM and government specialize in electric cars, use of sensor data for preventive maintenance, and concerns of auto and passenger safety are driving the market.

Recent Developments:

Boston pleased to introduce the launch of our all-new B443 Class 4 MOT lift, which is designed specifically to satisfy DVSA regulations for MOT stations with limited space.

HawkEye Elite™ uses four precision cameras to live the position and orientation of targets mounted to every wheel using Hunter’s individual QuickGrip™ adapters. QuickGrip adapters feature spring-loaded arms that grip the tire, abolishing metal-to-metal contact and subsequent rim damage.

Hunter Engineering Company® and Kimoby are pleased to announce a replacement integration to send examination results to consumers through via text automatically.

Boston Garage Equipment is now the primary manufacturer to receive Connected Equipment acceptance for its exhaust gas analyzers and diesel smoke meters.

Drivers and Restraints of Garage Equipment Market:

Drivers:

  • Rising specialize in the sale of second-hand/pre-owned vehicles will increase the market growth
  • Presence of varied mandates and regulations regarding the scheduled and regular inspection of vehicles is additionally driving the expansion of this business
  • Growing volume of automotive present on the road worldwide is predicted to encourage the development of the market
  • Increasing specialize in the adoption of digital services by various market players and garage owners leading to enhanced specialize in adopting innovative technology also will augment this market growth

Restraints:

  • Presence of varied trade regulations and unfavourable conditions for the trade of heavy equipment is predicted to hinder the expansion of the market
  • Availability of original equipment parts at a lower cost is anticipated to limit the speed of garage uses and repair activities will restrict the business growth
  • High costs related to the upkeep and repairing of luxury vehicles is prophesied to curtail the expansion of the market

Market Segmentation:

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

  • OEM authorized garage 
  • Independent garage 

Majority of the car owners approach independent garages because of inexpensive labor cost in these garages. Also, the usage of genuine after-market products has increased significantly within the independent garages to draw in premium car owners. Usage of authorized products and affordable labor costs made independent garages, a preferred option for preventive maintenance like routine repairs, oil check-ups, et al. Moreover, because of the increasing repair and maintenance cost within the OEM authorized garages, the car owners are becoming their cars serviced from independent garages. Such trends will increase the demand for garage equipment for independent garages.

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 

The emission equipment segment is predicted to be the fastest-growing market during the forecasted period. The increasing pollution level is one of the main concerns for the government and OEMs around the world. Standard emission equipment includes exhaust gas analyzers, diesel smoke meters, and emission testers. This equipment measures various pollutants like carbon monoxide gas, CO2, and nitrogen oxides. Such toxic compounds present in combustion gases have an adverse effect on the health conditions of individuals living in urban areas. Future exposure to pollutant gases can even cause permanent health deteriorations.

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:

  • Passenger Cars 
  • Commercial Vehicles 

Passenger cars accounted for the significant share of this business, whereas the commercial vehicles are supposed to overtake the lead in the coming years.

Garage Equipment Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The North American automotive industry is one among the foremost advanced within the world, supporting the growth of garage equipment industry. The US is the major country fuelling the expansion within the regional market. The automotive industry within the country is inclined towards innovation, technology, and development of high-performance and fuel-efficient vehicles. The advancements in sensors and IoT devices had led the OEMs to implement advanced features. The country is predicted to play a serious role within the growth of autonomous vehicles within the foreseen years. Also, commercial vehicle sales were increased by 6.9% in this area. The rising logistic demand and innovation from American OEMs will influence the demand for more garage equipment. Also, The North American trade Agreement (NAFTA) has fostered the expansion of the automotive industry within the region. The massive customer base and high income levels within the country have fuelled the demand for premium connected vehicles. The increasing number of those vehicles would boost the marketplace for garage equipment in the future.

Key Players of Market:

Key players in the global automotive garage equipment market includes, Autec, Inc., Hunter Engineering Company, Ravaglioli S.p.A, Lincoln Electric Holdings, Inc., CORGHI, Automotive Equipment International, Hennesy Industries LLC., Intergrated Garage Equipment, Manatec Electronics Private Limited, and Guangzhou Jingjia Auto Equipment Co., Ltd.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Garage Equipment Market, By Type            

                    6.1.1 OEM Authorized Garage     

                    6.1.2 Independent Garage 

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Garage Equipment Market, By Application            

                    6.2.1 Body Shop Equipment        

                    6.2.2 Diagnostic & Testing Equipment   

                    6.2.3 Emission Equipment 

                    6.2.4 Lifting Equipment    

                    6.2.5 Washing Equipment 

                    6.2.6 Wheel & Tire Equipment     

                    6.2.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.8 Y-o-Y Growth Rate Analysis         

                    6.2.9 Market Attractiveness Index         

          6.3 Garage Equipment Market, By Installation Type              

                    6.3.1 Mobile 

                    6.3.2 Fixed   

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Garage Equipment Market, By Function Type                  

                    6.4.1 Electronic      

                    6.4.2 Mechanical    

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 Garage Equipment Market, By Vehicle Type          

                    6.5.1 Passenger Cars        

                    6.5.2 Commercial Vehicles

                    6.5.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Installation Type  

                    7.2.5 By Function Type     

                    7.2.6 By Vehicle Type        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Installation Type  

                    7.3.5 By Function Type     

                    7.3.6 By Vehicle Type        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Installation Type  

                    7.4.5 By Function Type     

                    7.4.6 By Vehicle Type        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Installation Type  

                    7.5.5 By Function Type     

                    7.5.6 By Vehicle Type        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Installation Type  

                    7.6.5 By Function Type     

                    7.6.6 By Vehicle Type        

8. Key Player Analysis                           

          8.1 Autec, Inc.                  

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Hunter Engineering Company          

          8.3 Ravaglioli S.p.A           

          8.4 Lincoln Electric Holdings, Inc.          

          8.5 CORGHI            

          8.6 Automotive Equipment International          

          8.7 Hennesy Industries LLC                   

          8.8 Intergrated Garage Equipment                   

          8.9 Manatec Electronics Private Limited           

          8.10 Guangzhou Jingjia Auto Equipment Co., Ltd                 

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Garage Equipment Market By Region, From 2021-2026 ( USD Billion )
  2. Global Garage Equipment Market By Type, From 2021-2026 ( USD Billion )
  3. Global OEM Authorized Garage Market By Region, From 2021-2026 ( USD Billion )
  4. Global Independent Garage Market By Region, From 2021-2026 ( USD Billion )
  5. Global Garage Equipment Market By Application, From 2021-2026 ( USD Billion )
  6. Global Body Shop Equipment Market By Region, From 2021-2026 ( USD Billion )
  7. Global Diagnostic & Testing Equipment Market By Region, From 2021-2026 ( USD Billion )
  8. Global Emission Equipment Market By Region, From 2021-2026 ( USD Billion )
  9. Global Lifting Equipment Market By Region, From 2021-2026 ( USD Billion )
  10. Global Washing Equipment Market By Region, From 2021-2026 ( USD Billion )
  11. Global Wheel & Tire Equipment Market By Region, From 2021-2026 ( USD Billion )
  12. Global Garage Equipment Market By Installation Type, From 2021-2026 ( USD Billion )
  13. Global Mobile Market By Region, From 2021-2026 ( USD Billion )
  14. Global Fixed Market By Region, From 2021-2026 ( USD Billion )
  15. Global Garage Equipment Market By Function Type, From 2021-2026 ( USD Billion )
  16. Global Electronic Market By Region, From 2021-2026 ( USD Billion )
  17. Global Mechanical Market By Region, From 2021-2026 ( USD Billion )
  18. Global Garage Equipment Market By Vehicle Type, From 2021-2026 ( USD Billion )
  19. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  20. Global Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )

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