Strategic Analysis of the European Mechanical Testing and Handling Equipment Markets

Frost & Sullivan
November 3, 2006
530 Pages - SKU: MC1398293
License type:
Countries covered: Europe

Research Overview

This Frost & Sullivan research service entitled Strategic Analysis of the European Mechanical Testing and Handling Equipment Market covers key market trends and characteristics, by countries and regions as well as for the whole of western Europe. It also analyses demand and price patterns for the different garage equipment products, and includes profiles of leading suppliers for each product type together with the estimated market shares of key participants. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: brake testers, wheel aligners, wheel balancers, tyre changers and vehicle lifts.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
  • Brake testers
  • Wheel aligners
  • Wheel balancers
  • Tyre changers
  • Vehicle lifts
Technologies

The following technologies are covered in this research:
  • Car, truck and plate brake testers
  • Computerised and traditional wheel aligners
  • Car and truck wheel balancers
  • Car, truck and motorcycle
  • 2, 4, 6 and scissor post lifts
Market Overview

Market Sees Shift from Manually-operated Testing Equipment to Advanced, Automated Versions

In recent years, the European mechanical testing and handling equipment market has undergone various functional and structural changes. These have sparked off certain key trends such as the move towards integration, as several manufacturers attempt to combine all garage-related services such as brake testing, wheel balancing and wheel alignment under one umbrella. There is also a distinct preference for automated equipment in garage workshops, as it is more sophisticated and better-suited to deal with increasingly complex automobile support and maintenance. Accordingly, garage equipment manufacturers are moving away from manually-operated traditional testing equipment to more modern automated versions, and this has gone a long way in offering end users the benefits of quick, easy, accurate diagnosis and repair of vehicles.

"End users are willing to pay more for automatic solutions that can help them reduce heavy labour costs, as well as address factors such as queuing and long repair and diagnosis times," remarks the analyst of this research service. "With countries such as the United Kingdom heading towards computerised and fully automatic testing equipment, Frost & Sullivan estimates that the European mechanical testing and handling equipment market will grow at a healthy rate." However, these developments are likely to create a strong need for more stringent legislation to ensure adherence to safety standards.

Replacement Programmes a Strong Driver of Market Growth

Increasing replacement opportunities are one of the key drivers of the European mechanical testing and handling equipment market, as end users substitute old and ageing equipment. Customers are showing a strong inclination to stay updated with the latest technologies. Many end consumers are expressing interest in signing contracts with manufacturers that have these competencies, and this is likely to generate fresh demand for garage equipment. One of the key trends observed in this market is the series of mergers and acquisitions that have been taking place, particularly in the wheel aligners product category. However, this appears to be happening more on a global scale, with many North American manufacturers acquiring smaller and financially sick companies.

Another major trend observed among the big manufacturers is their efforts to vertically integrate expertise in various product categories through key investments in capital manufacturing equipment such as lifts, tyre changers, wheel balancers and roller brake testers. "Vertical integration helps big manufacturers gain expertise in distribution channels, master every related business segment, and understand end users’ needs and demands," says the analyst. "Specialised focus on key domain areas alone is slowly losing interest and focus."


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