✉  info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Automotive Garage Equipment Market Share

ID: MRFR//6487-HCR | 100 Pages | Author: Swapnil Palwe| November 2024

There is a lot of competition in the car business. Every company wants to be the best. Because of the struggle, businesses have had to come up with strategies that will help them beat their peers. Any business that wants to find new customers and keep in touch with the ones it already has needs a good marketing plan. In the car business, there is a lot of competition. Your company can connect with people better and show how its brand is different from its main competitors with the help of a good car marketing plan.
There are several ways for a business to get real customer reviews. You can use these in your plans to sell cars. Costs for cars, auto parts, and services can be high, so people may want to learn more about a company before they buy from them. Many people will trust a business more if they can see that other people have done so. People who are new to the brand might leave a good review that can be used in marketing if they have a good time.

Most of the time, businesses work with original equipment manufacturers (OEMs), auto repair shops, or tech companies to make their goods better and reach more people. It's possible that these relationships will help make answers that work with each other. This will make the business stronger and help it get a bigger share of the market for car garage tools.
To get and keep market share, it's also important to stress methods that focus on the customer. Giving great customer service, having full guarantee packages, and making sure there is quick help available after the sale are all ways to build trust with customers. Users who are happy with a brand's service are more likely to buy from it again and tell their friends about it as its market share grows. As for other things, businesses that ask for and answer to customer comments can change their goods and services to better fit the market.
To get a bigger share of the market, it's smart to look into and move into new venues. They might find that people need car garage tools in new places or markets that haven't been examined yet. Be the first company to build a strong position in these areas to get a bigger share of the market. To make this work, you need to know the rules, laws, and business situations in the area and be able to adapt to them.
Spending money on R&D is the best way to get ahead of the competition and get a bigger share of the market. Businesses that are always making new, cutting-edge goods might interest a wider range of people. People like this approach when they want cutting-edge answers to the problems that today's hard cars cause and when technology is going quickly forward.

Another important part of market share positioning is setting prices in a smart way. Companies may offer low prices to get a foothold in the market. Like, they might charge more for high-end, specific tools. People should set the prices based on how much they think the things are worth and who they want to buy them. Look at your price plans often and make changes based on how the market is changing and how your rivals are moving. This will help you get the biggest share of the market.

Having a good brand image can also make a big difference in how much of the market a company has. Making your brand known for quality, stability, and great customer service can help you get people who will stick with you. People tend to buy more from brands they know and trust, so brands that have been around for a long time tend to have a bigger share of the market.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 4.22% (2023-2032)

Automotive Garage Equipment Market Highlights:

Automotive Garage Equipment Market Trends
Automotive Garage Equipment Market Analysis
Automotive Garage Equipment Market Share
Automotive Garage Equipment Companies

Automotive Garage Equipment Market Overview:


The Automotive Garage Equipment market industry is projected to grow from USD 6.73 Billion in 2024 to USD 9.37 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.22% during the forecast period (2024 - 2032). Automotive Garage Equipment Market Size was valued at USD 6.46 billion in 2023. Increased demand for controlling the rising levels of exhaust emissions through removing diesel particulate traps, fast vehicle identification, and comprehensive data are the key market drivers enhancing market growth.


Automotive Garage Equipment Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


The comprehensive data and fast vehicle identification are considered vital parameters enhancing the performance of the global market. Furthermore, the rise in demand for controlling the rising levels of exhaust emissions through removing diesel particulate traps is also likely to cause a surge in the growth of the global market over the assessment period.


Automotive Garage Equipment Market Trends




  • The increase in integrating digital automatic systems in vehicles drives the market growth.




Digitalization of automotive systems is increasing significantly, which requires digital diagnostic tools to diagnose and repair systems, such as ADAS, The increasing digitalization of automotive systems has led to a rise in demand for diagnostic and calibration tools for features such as instrument consoles, airbags, sensors, and digital locks. This demand is expected to be further propelled by the investments made by leading OEMs in developing autonomous and digital vehicle systems. As a result, there will be a growing need for automotive garages and garage equipment for regular vehicle maintenance and fabrication. The increasing need for vehicle maintenance and modification will lead to a higher demand for enhanced capacity in automotive garages. This demand is likely to positively impact the market CAGR of the automotive garage equipment market in the forecast period.


Additionally, the Surge in production and sales of vehicles is primarily driving the Garage Equipment market. Additionally, increasing safety concerns amongst car consumers are favoring the garage equipment market. Besides, rising sales of used vehicles are propelling the garage equipment market. Moreover, various mandates for regular vehicle inspection are increasing the garage equipment market. However, increasing quality and decreasing the cost of original equipment parts reduces the repair activities, thereby hampering the garage equipment market. Furthermore, introducing newer technologies in the automotive aftermarket is fueling the market growth. Thus, driving the Automotive Garage Equipment market revenue.


Automotive Garage Equipment Market Segment Insights:



Among all the types, the wheel & tire service equipment segment is anticipated to ensure the leading spot across the global market for automotive garage equipment over the assessment period. The increasing demand for tire and wheel servicing equipment in the automotive sector is a vital parameter supporting the market segment's growth.


Among all the vehicle types, the passenger cars segment is anticipated to ensure the leading spot across the global market for automotive garage equipment over the assessment period. The increasing demand for passenger cars worldwide is a vital parameter supporting the market segment's growth.



Automotive Garage Equipment Type Insights


Based on type, the Automotive Garage Equipment market segmentation includes Wheel & Tire Service Equipment, Lifting Equipment, Vehicle Diagnostic & Testing Equipment, Body Shop Equipment, Washing Equipment. The wheel & tire service equipment segment dominated the market due to the increasing demand for tire and wheel servicing equipment in the automotive industry. This equipment is essential for maintaining and repairing the tires and wheels of vehicles, which is required for improving vehicle safety, performance, and efficiency.


Automotive Garage Vehicle Type Insights


The Automotive Garage Equipment market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The passenger cars segment dominated the market due to the increasing demand for passenger cars worldwide. The market growth in this Region has been boosted by maintaining vehicles in good condition, fueled by a high standard of living and increased disposable incomes.


Figure 1: Automotive Garage Equipment Market, by Vehicle Type, 2024 & 2032 (USD billion)


Automotive Garage Equipment Market, by Vehicle Type, 2024 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Automotive Garage Type Insights


Based on garage type, the Automotive Garage Equipment market segmentation includes automotive OEM dealerships, franchised garages, and independent garages. The automotive OEM dealerships segment dominated the market primarily due to the increase in the number of vehicle production units worldwide and the corresponding rise in the number of OEM dealerships. These dealerships require a wide range of automotive gear and equipment for maintenance and repair services, which drives the demand for automotive gear in this segment.


Automotive Garage Equipment Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American automotive garage equipment market area will dominate this market; a high standard of living coupled with higher disposable incomes has led to a rise in the trend of keeping their vehicles well-maintained, boosting the market growth in this Region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Automotive Garage Equipment Market Share By Region 2022 (%)


Automotive Garage Equipment Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Automotive Garage Equipment market is the second-largest market share due to the increased preference for a smooth and comfortable driving experience. Further, the German Automotive Garage Equipment market held the largest market share, and the UK Automotive Garage Equipment market was the fastest-growing market in the European Region


The Asia-Pacific Automotive Garage Equipment Market is expected to grow at the fastest CAGR from 2024 to 2032. This is because Forthcoming emission norms in this Region are a key factor driving the growth of the automotive garage equipment market. Moreover, China’s Automotive Garage Equipment market held the largest market share, and the Indian Automotive Garage Equipment market was the fastest-growing market in the Asia-Pacific region.


Automotive Garage Equipment Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive garage equipment market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Automotive Garage Equipment industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Garage Equipment industry to benefit clients and increase the market sector. In recent years, the Automotive Garage Equipment industry has offered some of the most significant advantages to medicine. Major players in the Automotive Garage Equipment market, including Robert Bosch GmbH (Germany), Continental AG (Germany), Istobal S.A. (US), Aro Equipments Pvt. Ltd (India), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Nussbaum Automotive Solutions Lp (US), Boston Garage Equipment Ltd (UK), Arex Test Systems B.V. (Netherlands), Vehicle Service Group (US)., and others, are attempting to increase market demand by investing in research and development operations.


John Bean is a global leader in providing automotive wheel service equipment, which includes imaging wheel aligners, wheel balancers, tire changers, alignment lifts, general-purpose lifts, and brake lathes. Recently, John Bean introduced a new tire changer called the T2545T, featuring a swing arm design. It is compact, easy to set up, and ideal for passenger cars and light trucks.


Continental AG, a German multinational manufacturer of automotive components, is known for producing tires, brake systems, and interior electronics. Recently, the company introduced an entry-level service tool for tire pressure monitoring systems (TPMS) called TPMS GO. According to industry statistics, this device is considered practical, durable, and cost-effective as workshop equipment.


Key Companies in the Automotive Garage Equipment market include



  • Arex Test Systems B.V. (Netherlands)

  • Boston Garage Equipment Ltd (U.K.)

  • Gray Manufacturing Company Inc. (U.S.)

  • Robert Bosch (Germany)

  • Maha Maschinenbau Haldenwang GmbH & Co. (Germany)

  • Snap-On Incorporated (U.S.)

  • Continental AG (Germany)

  • Vehicle Service Group (U.S.)


Automotive Garage Equipment Industry Developments


July 2024- Dannmar has revised its DB-70 automatic wheel balancer. The company statement explains that the equipment now provides digital sensor technology, seven balancing modes, and the ability to handle wheels up to 28 inches in diameter.


July 2024- Uni-Select Inc. disclosed in the last week of July 23 that LKQ Corporation has selected to formally waive the closing condition about receiving UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also said in its second-quarter earnings announcement that the acquisition was aimed to be completed on August 1.


Automotive Garage Equipment Market Segmentation:


Automotive Garage Equipment Type Outlook



  • Wheel & Tire Service Equipment

  • Lifting Equipment

  • Vehicle Diagnostic & Testing Equipment

  • Body Shop Equipment

  • Washing Equipment


Automotive Garage Vehicle Type Outlook



  • Passenger Cars

  • Commercial Vehicles


Automotive Garage Type Outlook



  • Automotive OEM Dealerships

  • Franchised Garages

  • Independent Garages


Automotive Garage Equipment Regional Outlook


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe


Asia-Pacific



  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Australia

  • Rest of Asia-Pacific


Rest of the World



  • Middle East

  • Africa

  • Latin America

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Logo
Dmca Cloudflare ssl
Paypal footer Ssl
Services Industry Expertise Consulting Services Articles How To Order FAQs
Our Company About US Careers Contact Us Terms & Conditions Privacy Policy
Banking Partners
Amex Mastercard1
Razerpay
Hdfcbank
Visa
✉  info@marketresearchfuture.com
📞  +1 (855) 661-4441(US)
📞  +44 1720 412 167(UK)

© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)