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Automotive Garage Equipment Market Size (2024 - 2029)

The automotive garage equipment market is projected to experience growth driven by the modernization of repair shops and rising vehicle sales in emerging markets. The expansion of this market is further supported by the increasing focus of original equipment manufacturers on data collection to enhance vehicle performance, which necessitates advanced garage equipment. Additionally, the demand for such equipment is expected to rise as automakers pursue technological advancements and fuel-efficient vehicle production. The market's growth is particularly notable in the Asia-Pacific region, with Europe and North America also contributing significantly, fueled by increased vehicle production and heightened safety concerns among consumers.

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Market Size of Automotive Garage Equipment Industry

Automotive Garage Equipment Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 8.10 Billion
Market Size (2029) USD 11.20 Billion
CAGR (2024 - 2029) 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Automotive Garage Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Garage Equipment Market Analysis

The Automotive Garage Equipment Market size is estimated at USD 8.10 billion in 2024, and is expected to reach USD 11.20 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).

The demand in the automotive garage equipment market is driven by the upgradation of existing repair shops and independent garages and increasing vehicle sales in emerging economies such as India and Brazil.

For example, according to the International Trade Council, Brazil anticipates a 60% surge in electric and hybrid car sales in 2024 based on a stellar performance in 2023, where sales experienced an impressive 91% growth.

Moreover, the market is anticipated to expand as OEMs start prioritizing the accumulation of data on enhancing vehicle performance, which will elevate the need for suitable automotive garage equipment.

In addition, as automakers are gravitating toward technical breakthroughs and the creation of fuel-efficient automobiles, there is likely to be an increase in the demand for automotive garage equipment. Automotive garage equipment manufacturers are experiencing growth in demand for commercial vehicle wheel aligners as extensive fleets of commercial vehicles are now showing greater interest in the advantages of wheel alignment.

• For instance, in October 2023, Totalkare, a key distributor of Hunter’s cutting-edge heavy-duty wheel alignment equipment, announced a partnership with Hunter Engineering Company, bringing a trio of products to the forefront of the commercial vehicle maintenance industry.

Asia-Pacific, followed by Europe and North America, is expected to witness notable growth over the forecast period. The surge in vehicle production and vehicle production across major countries in these regions and increasing safety concerns among car consumers are expected to drive the demand for automotive garage equipment.

Automotive Garage Equipment Industry Segmentation

The market consists of sales of automotive garage equipment products and related services by entities such as organizations, sole traders, and partnerships. These garage equipment include two and four-post lifts, hydraulic scissor lifts, wheel balancers, wire changer machines, car washers, machines, smoke meters, and injector cleaners. Basic equipment is required to begin working on a vehicle. Common equipment contains particular sets that enable work on more sophisticated repairs.

The automotive garage equipment market is segmented by equipment type (lifting equipment, emission testing equipment, body shop equipment, wheel and tire equipment, vehicle diagnostics and testing, washing equipment, and other equipment types), vehicle type (passenger cars and commercial vehicles), and geography (America, Europe, Asia-Pacific, and the Rest of the world). The report offers market size and forecasts in value (USD) and volume (units) for all the above segments.

By Equipment Type
Lifting Equipment
Emission Testing Equipment
Body Shop Equipment
Wheel and Tire Equipment
Vehicle Diagnostic and Testing
Washing Equipment
Other Equipment Types
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the world
South America
Middle East and Africa
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Automotive Garage Equipment Market Size Summary

The automotive garage equipment market is poised for significant growth, driven by the modernization of repair shops and independent garages, alongside rising vehicle sales in emerging economies. The market's expansion is further fueled by the increasing focus of original equipment manufacturers on data accumulation to enhance vehicle performance, necessitating advanced garage equipment. As automakers innovate towards fuel-efficient vehicles, the demand for specialized equipment, such as commercial vehicle wheel aligners, is on the rise. This trend is supported by strategic partnerships and product launches, such as Totalkare's collaboration with Hunter Engineering, which underscores the industry's commitment to advancing commercial vehicle maintenance solutions.

Regionally, the Asia-Pacific market is expected to experience substantial growth, supported by the surge in new and used car sales and investments in electric and digital technologies. The demand for garage equipment is bolstered by the need for timely vehicle maintenance and the introduction of advanced diagnostic and inspection tools. Key players in the market, including Continental AG and Robert Bosch GmbH, are leveraging strategic partnerships and innovative product offerings to maintain their competitive edge. The market's optimistic outlook is further enhanced by collaborations aimed at integrating digital solutions and supporting independent garage technicians, indicating a robust future for the automotive garage equipment industry.

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Automotive Garage Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increase in Sales of Passenger Cars

    2. 1.2 Market Restraints

      1. 1.2.1 Failure in Garage Equipment may Result in Downtime of the Repair Work

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value USD billion)

    1. 2.1 By Equipment Type

      1. 2.1.1 Lifting Equipment

      2. 2.1.2 Emission Testing Equipment

      3. 2.1.3 Body Shop Equipment

      4. 2.1.4 Wheel and Tire Equipment

      5. 2.1.5 Vehicle Diagnostic and Testing

      6. 2.1.6 Washing Equipment

      7. 2.1.7 Other Equipment Types

    2. 2.2 By Vehicle Type

      1. 2.2.1 Passenger Cars

      2. 2.2.2 Commercial Vehicles

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the world

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle East and Africa

Automotive Garage Equipment Market Size FAQs

The Automotive Garage Equipment Market size is expected to reach USD 8.10 billion in 2024 and grow at a CAGR of 4% to reach USD 11.20 billion by 2029.

In 2024, the Automotive Garage Equipment Market size is expected to reach USD 8.10 billion.

Automotive Garage Equipment Market Report Snapshots

Automotive Garage Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)