The global demand for Automotive Garage Equipment Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Automated garage equipment can alleviate the scarcity of highly skilled professionals and skilled laborers, resulting in increased operational efficiency and productivity. These products monitor and manage the number of pollutants like carbon monoxide and nitrogen oxides in the atmosphere. Individuals, the environment, and automobiles all suffer from the emissions of these gases. Long exposure to these gases can cause severe respiratory problems and other long-term health problems.
Market Dynamics
In the coming years, digital advancements in garage equipment manufacturers (OEMs) and franchisees' garages will boost the sales oh this market. The modernization of existing repair shops and independent garages will likely boost market sales. Furthermore, rising sales of two-wheelers and lightweight vehicles in emerging nations will likely increase the market growth. In addition, sales of lifting equipment such as double post lifts and four-post lifts for moving light and oversized vehicles will continue to rise during the assessment period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive garage equipment. The growth and trends of automotive garage equipment industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive garage equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Lifting Equipment
- Body Shop Equipment
- Wheel And Tire Service Equipment
- Vehicle Diagnostic And Testing Equipment
- Washing Equipment
- Others
By Application
- Automotive Oem Dealerships
- Franchise Stores
- Independent Garages
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Garage Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Garage Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive garage equipment market include Arex Test Systems, Boston Garage Equipment, Bosch, Continental, Aro Equipment, LKQ Coatings, Istobal, Con Air Equipment, Vehicle Service Group, Gray Manufacturing Company, Symach, Standard Tools and Equipment. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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