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Global Automotive Polishing Machine Market 2017-2021

Global Automotive Polishing Machine Market 2017-2021

About Automotive Polishing Machines

The automotive sales have improved worldwide. With the increase in consumers' confidence in various economies, such as the US, the automotive sales in terms of the units sold have improved. In 2017, the largest automotive market, China accounted for 24.9 million units, which are over 27% of the global automotive sales in 2015. In China, the massive population along with strong economic growth is the driving factor for the rapidly growing automotive market. Apart from a strong domestic market, China is an export hub for automobiles and auto components with most of the international original equipment manufacturers (OEMs) and tire suppliers having off-shore manufacturing facilities in the country.

Technavio’s analysts forecast the global automotive polishing machine market to grow at a CAGR of 8.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive polishing machine market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive polishing machines.The market is divided into the following segments based on geography:

  • North America
  • Europe
  • APAC
  • ROW
Technavio's report, Global Automotive Polishing Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Robert Bosch Tool
  • DEWALT
  • Griot's Garage
  • Porter-Cable
Other prominent vendors
  • The Eastwood Company
  • FLEX
  • Milwaukee Tool
  • Meguiar's
  • SHANGHAI KEN TOOLS CO.
  • TorqToolCompany
Market driver
  • Growing used car market
  • For a full, detailed list, view our report
Market challenge
  • Volatile automotive market
  • For a full, detailed list, view our report
Market trend
  • Growing auto detailing market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Polishing Machine Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive polishing machine market: Robert Bosch Tool, DEWALT, Griot's Garage, and Porter-Cable

Other Prominent Vendors in the market are: The Eastwood Company, FLEX, Milwaukee Tool, Meguiar's, SHANGHAI KEN TOOLS CO., and TorqToolCompany

Commenting on the report, an analyst from Technavio’s team said: “The recent years witnessed volatile demand for automobiles from developed economies due to the economic slowdown. However, the robust growth from emerging markets is increasing the overall automotive sales. Some of the factors impacting the growth in emerging economies are the ideal population demographics and elevated purchasing power of consumers. The growth in emerging markets, with ongoing industrialization and global trade activity, especially in Brazil, Russia, India, and China (BRIC), have been vigorous. China's massive fiscal stimulus packages in recent years made it the leader in emerging markets. Over the past few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic in nature and rapidly growing. Many auto OEMs are entering the market to tap its huge potential.”

According to the report, the automotive industry is dominated by a few global multinational players and several retailers. The multinational players are OEMs, whereas the retail market deals in both new and used cars. The financial crisis of 2008-2009 has negatively impacted the automotive industry. The sales of new vehicles had sharply declined after the crisis whereas, the market for the sales of used vehicles was improving. The aftermath of the financial crisis has finally resolved. However, the used car market is flourishing more in comparison to the new vehicles market. For example, the used car market in the UK contributed the 52.3% of the total sales in 2015 with revenue of $45 billion. The ratio of used-car to the new-car transaction is growing, and the process of the transaction has become more transparent with the help of online platforms. Consumers can compare prices on different online platforms. Used car buyers are resorting to internet research for buying cars. The used car is sold in the market through three channels: private owners, franchised dealers, and independent dealers. In developed economies like the UK, private owners held 80% of the market share. The increasing penetration of online platform is driving the growth of the used car market.

Further, the report states that the growth of the market is inhibited by the high cost of the automotive polishing machine. The average selling price (ASP) of the automotive polishing machine is $200, which is very high for end-users like individuals. However, for the commercial sector, the ASP of the polishing machine doesn’t make a huge difference as auto detailing service providers design the overall package and do the costing of the overall service provided to the customer. However, it is expected that the ASP of the automotive polishing machine will increase due to the volatility of the raw material prices like plastic, used in the manufacturing of the automotive polishing machine.



Companies Mentioned

Robert Bosch Tool, DEWALT, Griot's Garage, Porter-Cable, The Eastwood Company, FLEX, Milwaukee Tool, Meguiar's, SHANGHAI KEN TOOLS CO., TorqToolCompany.

  • Executive summary
  • Scope of the report
    • Market overview
    • Geographical segmentation
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global automotive polishing machine market 2016-2021 ($ billions)
      • Table Luxury car brands with their sales in Q3 2016 in comparison to Q3 2015 (unit shipment)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Automotive polishing machine market by commercial sector
      • Table Automotive polishing machine market by commercial sector 2016-2021 ($ billions)
    • Automotive polishing machine market by individuals
      • Table Global automotive polishing machine market in individual sector 2016-2021 ($ millions)
  • Geographical segmentation
    • Global automotive polishing machine market by geography
      • Table Global automotive polishing machine market by geographical segmentation 2016
      • Table Global automotive polishing machine market by geographical segmentation 2016-2021 (%)
    • Automotive polishing machine market in North America
      • Table Automotive polishing machine in North America 2016-2021 ($ millions)
    • Automotive polishing machine market in Europe
      • Table Automotive polishing machine market in Europe 2016-2021 ($ millions)
    • Automotive polishing machine market in APAC
      • Table Top five APAC countries by GDP 2011-2015 ($ billions)
      • Table Per capita income of top five countries in APAC 2014-2015 ($)
      • Table Automotive sales by region 2010-2015 (millions of units)
      • Table Automotive polishing machine market in APAC 2016-2021 ($ millions)
    • Automotive polishing machine market in ROW
      • Table Automotive sales in Latin America 2008-2015 (millions of units)
      • Table GDP growth rate of top five Latin American countries 200-2015
      • Table Automotive polishing machine market in ROW 2016-2021 ($ millions)
  • Market drivers
    • Growing used car market
      • Table US used vehicle sales volume 2013-2016 (millions of units)
    • Effective results
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Volatile automotive market
    • High product cost
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing market demand
      • Table Automotive sales in Asia 2008-2015 (millions of units)
      • Table Automotive sales in China 2008-2015 (millions of units)
      • Table Automotive sales in Mexico 2008-2015 (millions of units)
      • Table Automotive sales in Brazil 2008-2015 (millions of units)
    • Growing auto detailing market
      • Table Global auto detailing market 2016-2021 ($ billions)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Robert Bosch Tool
    • DEWALT
    • Porter-Cable
    • Griot's Garage
  • Appendix
    • List of abbreviations
  • Explore Technavio

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