Garage Equipment Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2021–2026

Garage Equipment Market

Garage equipmentis the collection of products and devices that are designed to provide high performance and service quality, which includes emission testing, vehicle lifting, wheel and tire maintenance, and vehicle diagnosis and testing. The extensively used garage equipment includes hydraulic jacks, tire changer machine, wheel balancer, wheel alignment, and service station equipment. The demand for garage equipment is increasing on account of surging sales of used and pre-owned vehicles, growing automobile industry, burgeoning technology and innovation in the automotive sector, and rising number of road accidents.

The Major Players Covered in this Report:
Arex Test Systems B.V.
Aro Equipments Pvt. Ltd.
Boston Garage Equipment Ltd
Continental AG
Gray Manufacturing Company, Inc.
Guangzhou Jingjia Auto Equipment Co., Ltd
Istobal S.A.
Nussbaum Automotive Solutions Lp
Robert Bosch GmbH
Vehicle Service Group, LLC.
MAHA Maschinenbau Haldenwang GmbH and Co. KG
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach s.r.l.
Otto Nußbaum GmbH and Co. K.G.
M/s Samvit Garage Equipments
Sarveshwari Engineers
Euro Car Parts Ltd T/A LKQ Coatings
ISTOBAL
Con Air Equipments Private Limited
Oil Lube Systems Pvt Ltd.
Gray Manufacturing
AUTEC, Inc. 

In 2020, the global Garage Equipment market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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By Garage Type

OEM Authorized Garage
Independent Garage
Franchise Garage

By Application

Body Shop Equipment
Diagnostic and Testing Equipment
Emission Equipment
Lifting Equipment
Washing Equipment
Wheel and Tire Equipment

By Installation Type

Mobile
Fixed

By Function Type

Electronic
Mechanical

By Vehicle Type

Motor Cycle
Passenger Vehicle
Commercial Vehicle

Garage Equipment Market: Segmentation

Low Maintenance Cost and Availability of Genuine Products to Drive the Segment Growth

By garage type, the garage equipment market is segmented into OEM authorized garage, independent garage, and franchise garage. The independent garage segment dominates the market growth as they offer premium services at competitive prices. The high maintenance cost in the OEM authorized garages have dragooned the consumers to shift towards independent garages. In addition, these garages offer original and genuine aftermarket products to attract luxury car owners. The availability of genuine and authorized products and lower labor costs have made independent garages a preferred option for the car owners for preventive maintenance, such as oil-checkups, routine, and repairs.

By vehicle type, the garage equipment market is segmented into motor cycle, passenger vehicle, and commercial vehicle. Among the vehicle type passenger vehicle holds majority of the market share. This is due to their global volume. Passenger cars are the largest category of motor vehicle production, most of the vehicle running on the road globally are passenger vehicle. According to the data provided by Statista, the global sales of passenger cars in 2017 was 79.6 million units.

Regional Analysis For Garage Equipment Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Garage Equipment are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Garage Equipment in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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