openPR Logo
Press release

Automotive Garage Equipment Market Estimated to Exhibit at 4.1% CAGR During 2017-2027

05-31-2018 01:29 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Automotive Garage Equipment Market Estimated to Exhibit at 4.1%

The automotive garage equipment market is currently witnessing significant growth and is expected to grow across key regional markets in the coming years. Future Market Insights has captured the pulse of the global automotive garage equipment market in its new publication titled “Automotive Garage Equipment Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, which focusses on the global and regional market forecasts and also studies the influence of trends, developments, drivers and restraints on the growth of the global automotive garage equipment market. The research report also studies various opportunities for the players involved in the market across key regions. An in-depth market segmentation assists to estimate the volume and value projections of the global automotive garage equipment market over the period of 10 years from 2017 to 2027.

The main drivers boosting the growth of the global automotive garage equipment market are increasing average vehicle age which is triggering the demand for replacement and maintenance of components used in automotive, stringent emission and other regulations spurring the growth of the diagnostic equipment in the aftermarket, rising awareness of consumers with respect to vehicle safety and repair of vehicles, increasing OEM dealerships, rising number of specialty tire shops, rising sales of vehicles globally, rising penetration of franchises and up gradation of existing independent repair shops, higher demand for garage equipment from independent garages, high replacement demand for new and advanced product solutions, increasing product innovations, increasing sales of second hand vehicles and increasing FDI coupled with growing automotive industry.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-1819

However, the market is not dev0oid of restraints. Low uptake of vehicle maintenance services, rising sales of electric vehicles that require less replacement parts, growing trend of DIY equipment, lack of skilled workforce to handle advanced and complex garage equipment and rising replacement and maintenance costs have posed challenges to the growth of the global automotive garage equipment market. The global automotive garage equipment market is projected to grow at a moderate 4.1% CAGR throughout the period of assessment, 2017-2027. The global market is estimated at a value of US$ 6.7 Bn in 2017 and is expected to reach a noteworthy estimation a little less than US$ 10 Bn by the end of the assessment year.

The global automotive garage equipment market is segmented by vehicle type, by equipment, by garage type and by region. By vehicle type, the light vehicle segment is expected to show higher market valuation by the end of 2027 dominating the market in the coming years. The two wheelers segment is projected to grow at faster pace to reflect a value CAGR of 4.3% throughout the forecast period and is the second largest segment in terms of value share

By garage type, the independent garage segment is expected to grow at a significant CAGR to reach US$ 4.7 Bn by the end of 2027. This segment is likely to lead the global market by garage type. The automotive OEM dealerships segment is projected to grow at the highest rate during the period of forecast; By region, Asia Pacific excluding Japan (APEJ) region is highly lucrative and expected to lead the global market in the coming years. Middle East and Africa (MEA) region also shows higher pace in the automotive garage equipment market

Make an Enquiry @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1819

The global automotive garage equipment market research study includes analysis on key players such as Arex Test Systems B.V., Boston Garage Equipment Ltd., Robert Bosch GmbH, Continental AG, Aro Equipments Pvt. Ltd., LKQ Coatings Ltd., Istobal S.A., Con Air Equipments Private Limited, Vehicle Service Group, Gray Manufacturing Company, Inc., Symach SRL, Standard Tools and Equipment Co., VisiCon Automatisierungstechnik GmbH, MAHA Mechanical Engineering Haldenwang GmbH & Co. KG, Snap-on Incorporated, Samvit Garage Equipment, Sarveshwari Technologies Limited (SARV), Oil Lube Systems Pvt Ltd., Guangzhou Jingjia Auto Equipment Co., Ltd., and Nussbaum Automotive Solutions Lp.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Garage Equipment Market Estimated to Exhibit at 4.1% CAGR During 2017-2027 here

News-ID: 1067329 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Equipment

Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Global Epitaxy Growth Equipment Market By Type (LED Epitaxy Growth Equipment, La …
The Global Epitaxy Growth Equipment Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Epitaxy Growth Equipment Market report aims to provide an overview of Epitaxy Growth Equipment Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Epitaxy
Livestock Farm Equipment Market to Experience a Significant Increase in Revenues …
Animals that are raised in a farm for the production of commodities such as meat, eggs, wool, fur, leather as well as for labor are known livestock animals. The term livestock was initially used in the 1650-1660. In some periods since then, livestock and cattle was used interchangeably. However, today cattle is referred to domesticated bovines while livestock has a wider reference that includes chickens, horses, rabbits, pigs, camel, goats,
Global Construction Equipment Rental Market 2018 - Ahern Equipment Rental, Cater …
The global Construction Equipment Rental market research report 2019 -2023 proposes a thorough analysis of the Construction Equipment Rental market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Construction Equipment Rental market report provides a wide-range of Construction Equipment Rental market segmentation Earthmoving
Durable Medical Equipment Market Size, Durable Medical Equipment Market Share, D …
According to a new study published by Polaris Market Research the Global Durable Medical Equipment (DME) market is anticipated to reach USD 246.6 billion by 2026. Request for Sample of This Research Report @ https://bit.ly/2PNhMF7 Top Key Players:- Stryker Corporation Medtronic plc Baxter International Medline Industries Becton Dickinson and Company Sunrise Medical (US) LLC Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment
Poultry Breeding Equipment Market Report 2018: Segmentation by Product (Normal E …
Global Poultry Breeding Equipment market research report provides company profile for Facco, Shanghai Extra Machinery, Guangzhou Huanan Poultry Equipment, Texha, Big Dutchman, Big Herdsman Machinery, Chore-Time Brock, Guangdong Guangxing and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year