Garage Equipment Market by Type (OEM, Independent), Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing), Installation (Mobile, Fixed), Function (Mechanical, Electronic), Vehicle, and Region - Global Forecast to 2027

Garage Equipment Market by Type (OEM, Independent), Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing), Installation (Mobile, Fixed), Function (Mechanical, Electronic), Vehicle, and Region - Global Forecast to 2027

“The rising demand for vehicle & passenger safety features, connectivity services, superior exhaust systems, and low emission engines in the automotive industry are driving the growth of garage equipment market.”
The garage equipment market is projected to grow from USD 6.1 billion in 2019 to USD 10.7 billion by 2027, at a CAGR of 7.4%. Factors such as the increasing demand for pre-owned vehicles, rising vehicle inspection mandates, stringent emission regulations, and adoption of advanced technologies are expected to boost the market. However, international trade regulations and increasing competition are the key challenges in the automotive garage equipment market.

“Increasing emphasis on low emission and zero-emission vehicles is likely to propel the growth of the market during the forecast period.”
Increasing concerns over air pollution and global warming have forced the governments of several countries to enforce strict emission policies and regulations for ICE vehicles. Launch of new vehicles with low emission engines to comply with the emission standards will require more emission testing equipment. Increasing adoption of electric vehicles is expected to change the outlook of the garage equipment market. More EV sales would accentuate the need for new tools to diagnose batteries and related circuitries. Such measures are likely to drive the garage equipment market during the forecast period.

“Asia Pacific is expected to register the highest growth during the forecast period.”
The Asia Pacific region comprises rapidly emerging economies, such as China and India, along with developed nations such as Japan, and is the largest market for garage equipment. In recent years, the region has emerged as a hub for automobile production. The key driver for the garage equipment market in this region is growing concern over increasing pollution levels in countries such as China, India, and Japan. The government imposed stringent emission standards to tackle the emission level. Existing vehicles must go through periodic emission tests for roadworthiness. Countries such as China, India, and Japan are taking initiatives to reduce emission by adopting a hybrid, plug-in, fuel cell, and battery electric vehicles. Japan has proposed strict guidelines to reduce carbon emission for passenger cars by 2020. The rising demand for clean, safe, and smart mobility in China, India, and Japan would foster the growth of garage equipment market.

“North America is expected to dominate the market during the forecast period.”
North America will have the largest market share for garage equipment during the forecast period. The North American Free Trade Agreement (NAFTA) has fostered the growth of the automotive industry in the region. The US, which has traditionally been a global technological leader, is the largest automotive market in North America. The large customer base and high disposable income levels in the country have fueled the demand for premium connected vehicles. The increasing number of these vehicles would boost the market for garage equipment in the future. Also, strict safety regulations imposed by the National Highway Traffic Safety Administration have compelled OEMs to provide advanced safety features controlled by onboard ECU. Periodic diagnosis of ECU is required for the proper functioning of such essential safety features. These regulations, combined with solid EV infrastructure, would drive the demand for more garage equipment in the North America region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the automotive engineering services market.
By Company Type: Tier I - 46%, Tier II - 37%, and Tier III - 17%
By Designation: C Level - 32%, D Level - 43%, and Others - 25%
By Region: North America - 30%, Europe - 34%, Asia Pacific - 27%, and Rest of the World- 9%

The garage equipment market comprises major manufacturers such as Arex Test Systems B.V. (Netherland), Gray Manufacturing Company Inc. (US), Snap-On Incorporated (US), Vehicle Service Group (US), Robert Bosch (Germany), Continental AG (Germany), Maha Maschinenbau Haldenwang GmbH & Co. (Germany), Boston Garage Equipment Ltd. (UK) and many others.

Research Coverage:
The study covers the garage equipment market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as garage type, application, installation, function, vehicle, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall garage equipment market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
      • Table CURRENCY EXCHANGE RATES (PER 1 USD)
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • GARAGE EQUIPMENT MARKET TO GROW AT A SIGNIFICANT RATE DURING THE FORECAST PERIOD (2019-2027)
    • NORTH AMERICA TO LEAD THE GLOBAL GARAGE EQUIPMENT MARKET
    • GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE AND GARAGE TYPE
    • GARAGE EQUIPMENT MARKET, BY GARAGE TYPE
    • GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE
    • GARAGE EQUIPMENT MARKET, BY INSTALLATION TYPE
    • GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE
    • GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • IMPACT OF MARKET DYNAMICS
  • INDUSTRY TRENDS
    • INTRODUCTION
    • PORTER'S FIVE FORCES
    • VALUE CHAIN ANALYSIS
    • MACROECONOMIC INDICATOR ANALYSIS
      • GROWTH OF GARAGE EQUIPMENT
      • GDP (USD BILLION)
      • GNI PER CAPITA: ATLAS METHOD (USD)
      • GDP PER CAPITA (PPP) (USD)
      • MACROINDICATORS INFLUENCING THE GARAGE EQUIPMENT MARKET IN THE TOP THREE COUNTRIES
        • Table GERMANY: MACROECONOMIC INDICATORS INFLUENCING THE MARKET
        • Table US: MACROECONOMIC INDICATORS INFLUENCING THE MARKET
        • Table CHINA: MACROECONOMIC INDICATORS INFLUENCING THE MARKET
  • GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE, 2017-2027 (000' UNITS)
      • Table GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE, 2017-2027 (USD MILLION)
    • RESEARCH METHODOLOGY
    • MECHANICAL
      • ADOPTION OF MECHANICAL GARAGE EQUIPMENT IN DEVELOPING COUNTRIES WILL DRIVE THE MARKET
        • Table MECHANICAL: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table MECHANICAL: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • ELECTRONIC
      • GARAGE AUTOMATION WILL DRIVE THE DEMAND FOR ADVANCED ELECTRONIC GARAGE EQUIPMENT
        • Table ELECTRONIC: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table ELECTRONIC: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
  • GARAGE EQUIPMENT MARKET, BY GARAGE TYPE
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET, BY GARAGE TYPE, 2017-2027 (000' UNITS)
      • Table GARAGE EQUIPMENT MARKET, BY GARAGE TYPE, 2017-2027 (USD MILLION)
    • RESEARCH METHODOLOGY
    • OEM AUTHORIZED GARAGE
      • ADOPTION OF CERTIFIED EQUIPMENT WOULD DRIVE THE MARKET FOR GARAGE EQUIPMENT IN OEM AUTHORIZED GARAGES
        • Table OEM AUTHORIZED GARAGE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table OEM AUTHORIZED GARAGE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • INDEPENDENT GARAGE
      • SAFE GARAGE OPERATIONS WILL DEMAND BETTER GARAGE EQUIPMENT FOR INDEPENDENT GARAGES
        • Table INDEPENDENT GARAGE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000'UNITS)
        • Table INDEPENDENT GARAGE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
  • GARAGE EQUIPMENT MARKET, BY INSTALLATION TYPE
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET SIZE, BY INSTALLATION TYPE, 2017-2027 (`000 UNITS)
      • Table GARAGE EQUIPMENT MARKET SIZE, BY INSTALLATION TYPE, 2017-2027 (USD MILLION)
    • RESEARCH METHODOLOGY
    • MOBILE
      • INCREASE IN MOBILE AUTO REPAIR SOLUTIONS WOULD DRIVE THE MARKET
        • Table MOBILE: GARAGE EQUIPMENT MARKET SIZE, BY REGION, 2017-2027 (`000 UNITS)
        • Table MOBILE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • FIXED
      • INCREASE IN NUMBER OF HEAVY DUTY VEHICLES WILL REQUIRE MORE FIXED EQUIPMENT
        • Table FIXED: GARAGE EQUIPMENT MARKET SIZE, BY REGION, 2017-2027 (`000 UNITS)
        • Table FIXED: GARAGE EQUIPMENT MARKET SIZE, BY REGION, 2017-2027 (USD MILLION)
  • GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2017-2027 (000' UNITS)
      • Table GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
    • RESEARCH METHODOLOGY
    • BODY SHOP EQUIPMENT
      • NEW LIGHTWEIGHT BODY MATERIALS WILL FUEL THE GROWTH OF BODY SHOP EQUIPMENT
        • Table BODY SHOP EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table BODY SHOP EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • DIAGNOSTIC & TESTING EQUIPMENT
      • USE OF EFFICIENT ENGINES WILL ENHANCE THE DEMAND FOR SPECIALIZED GARAGE EQUIPMENT
        • Table DIAGNOSTIC & TESTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table DIAGNOSTIC & TESTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • EMISSION EQUIPMENT
      • STRINGENT EMISSION STANDARDS WOULD DRIVE THE DEMAND FOR EMISSION EQUIPMENT
        • Table EMISSION EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table EMISSION EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • LIFTING EQUIPMENT
      • RISING DEMAND FOR SUVS OVER HATCHBACKS WOULD BOOST THE DEMAND FOR HIGH CAPACITY LIFTS
        • Table LIFTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table LIFTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • WASHING EQUIPMENT
      • ADOPTION OF AUTOMATIC CAR WASHING SYSTEM WILL DRIVE THE WASHING EQUIPMENT MARKET
        • Table WASHING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000'UNITS)
        • Table WASHING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • WHEEL & TIRE EQUIPMENT
      • ADOPTION OF SMART TIRES WOULD ENHANCE THE DEMAND FOR PERIODIC TIRE AND WHEEL MAINTENANCE
        • Table WHEEL & TIRE EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000'UNITS)
        • Table WHEEL & TIRE EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • OTHERS
      • DEMAND FOR PREVENTIVE MEASURES WILL DRIVE THE MARKET DURING THE FORECAST PERIOD
        • Table OTHERS: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000'UNITS)
        • Table OTHERS: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
  • GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE, 2017-2027 (000' UNITS)
      • Table GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE, 2017-2027 (USD MILLION)
    • RESEARCH METHODOLOGY
    • PASSENGER CAR
      • IMPLEMENTATION OF ADVANCED SAFETY FEATURES WILL REQUIRE REGULAR INSPECTION OF PASSENGER CARS
        • Table PASSENGER CAR: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table PASSENGER CAR: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • COMMERCIAL VEHICLE
      • IMPLEMENTATION OF STRINGENT EMISSION REGULATION WILL REQUIRE ADVANCED EMISSION TESTING EQUIPMENT
        • Table COMMERCIAL VEHICLE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
        • Table COMMERCIAL VEHICLE: GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
  • GARAGE EQUIPMENT MARKET, BY REGION
    • INTRODUCTION
      • Table GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (000' UNITS)
      • Table GARAGE EQUIPMENT MARKET, BY REGION, 2017-2027 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (000' UNITS)
      • Table ASIA PACIFIC: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • EUROPE
      • Table EUROPE: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (000' UNITS)
      • Table EUROPE: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
      • FRANCE
      • GERMANY
      • ITALY
      • RUSSIA
      • SPAIN
      • UK
      • REST OF EUROPE
    • NORTH AMERICA
      • Table NORTH AMERICA: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (000' UNITS)
      • Table NORTH AMERICA: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
      • CANADA
      • MEXICO
      • US
    • REST OF THE WORLD (ROW)
      • Table REST OF THE WORLD: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (000' UNITS)
      • Table REST OF THE WORLD: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
      • BRAZIL
      • IRAN
      • OTHERS
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2016-2019
      • EXPANSIONS
        • Table EXPANSIONS, 2019
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • DOVER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • CONTINENTAL AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • ROBERT BOSCH GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • SNAP-ON INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • FORTIVE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • CEMB S.P.A
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BOSTON GARAGE EQUIPMENT LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ARO EQUIPMENTS PVT. LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • AREX TEST SYSTEMS B.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GRAY MANUFACTURING COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • GUANGZHOU JINGJIA AUTO EQUIPMENT CO. LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • MAHA MASCHINENBAU HALDENWANG GMBH & CO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • BEISSBARTH AUTOMOTIVE SERVICE EQUIPMENT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER KEY PLAYERS
      • ASIA PACIFIC
      • EUROPE
      • NORTH AMERICA
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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