The global automotive garage equipment market in 2022 was USD 24.4 Billion and is estimated to be USD 26.8 Billion in 2023. Future Market Insights has mentioned in its reports that the Automotive Garage Equipment Market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totaling around USD 63.1 Billion by 2033.
The Automotive Garage Equipment Market is experiencing substantial growth driven by several factors, including the increasing number of vehicles on the road, the rising demand for vehicle maintenance and repair services, and advancements in automotive technology. Garage equipment refers to a wide range of tools, machinery, and diagnostic equipment used in automotive repair shops and service centers to diagnose, repair, and maintain vehicles.
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One of the primary drivers of this market is the growing vehicle parc worldwide, with a significant number of older vehicles requiring regular maintenance and repair services. As vehicles age, the demand for garage equipment and services increases, driving market growth.
Moreover, advancements in automotive technology, including the integration of electronic systems, advanced driver assistance systems (ADAS), and hybrid and electric powertrains, are driving demand for specialized garage equipment capable of servicing and repairing these advanced vehicles. Garage equipment manufacturers are developing diagnostic tools, battery chargers, tire changers, and wheel alignment systems specifically designed for modern vehicles with complex electronic and hybrid systems.
Furthermore, the increasing emphasis on vehicle safety, performance, and environmental sustainability is driving demand for garage equipment that can diagnose and repair issues related to emissions, fuel efficiency, and vehicle safety features. Automotive repair shops and service centers are investing in equipment such as emission testers, brake testers, and wheel balancers to ensure compliance with regulatory standards and customer expectations.
Key Innovation of the Market Players in the Market:
In June 2023, ISTOBAL showcased its new M’WASH3 PRO rollover at Autozum 2023, the leading Austrian trade show for the car wash, service station, and dealership industry, held at Messezentrum Salzburg (Stand 09-0200).
The company is exhibiting for the first time at a show and on the international market. This innovative high-end equipment is aimed at increasing profitability in carwashes and improving the user experience through efficient and connected technology.
Leading Key Players:
- MAHA Maschinenbau Haldenwang Gmbh & Co. KG
- Snap-on Incorporated
- Robert Bosch GmbH
- Continental AG
- Forward Lift Company (Dover Corporation)
- VisiCon Automatisierungstechnik GmbH
- Standard Tools and Equipment Co.
- Symach Srl
- Nussbaum Automotive Solutions
- SAMVIT GARAGE EQUIPMENT
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Automotive Garage Equipment Market Segmentation:
By Vehicle:
- 2 Wheelers
- Light Vehicles
- Heavy Vehicles
By Equipment:
- Lifting Equipment
- Body Shop Equipment
- Wheel & Tire Alignment
- Vehicle Diagnostics & Testing
- Washing Equipment
- Other Tools
By Garage:
- OEM
- Franchisee Garages
- Independent Garages
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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