Press release
Automotive Garage Equipment Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Automotive Garage Equipment Market Size
The surge in autonomous vehicles is considerably aiding the expansion of the automotive garage equipment industry. Autonomous vehicles, defined as vehicles capable of functioning without a human driver, vary greatly depending on the level of automation involved. The rise in autonomous vehicles correlates with future automotive sector developments, where automation of systems, software, and services will likely lead these advancements. Changes in automotive garage equipment are in response to environmental regulations and changing consumer views regarding safety and efficiency. For instance, Gerber Injury Law, a law firm located in Arizona, suggests that the global production of self-driving cars may reach up to 800,000 units between 2023 and 2030. Additionally, the online resource Carsurance, which supplies information about car insurance companies, predicts a 16% annual growth in the autonomous vehicle industry. Consequently, the influx of autonomous vehicles is influencing and promoting the expansion of the automotive garage equipment industry.
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What Is the projected market size and growth rate for the automotive garage equipment market?
The market size of automotive garage equipment has seen robust growth in the past few years. It is projected to increase from $8.74 billion in 2024 to $9.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.7%. The previous growth trends can be traced back to the rise in demand for automotive repair and maintenance, strict emission regulations, growth of independent repair shops, safety and inspection rules, and government policies encouraging the automotive industry.
The market size of automotive garage equipment is predicted to witness robust expansion in the coming years. The market value is projected to reach $13.01 billion in 2029, escalating at a Compound Annual Growth Rate (CAGR) of 8.4%. Facilitators of growth during the estimated period include the establishment of electric vehicle charging structures, fleet management amenities, emphasis on energy-saving apparatus, eco-friendly and sustainable methods, retrofitting, and improvement. Key development trends for the prediction period encompass technological progress, diagnostic and calibration apparatus, automated and robotics solutions, distant monitoring and maintenance, and subscription-based diagnostic tools.
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What new trends are reshaping the automotive garage equipment market and its opportunities?
Leading firms in the automotive garage equipment market are concentrating on the development and introduction of innovative solutions such as automatic car washing systems. These are systems used to clean the exterior parts of vehicles using automated machines and equipment, reducing the need for physical human labor. For example, Midtronics, a company based in the U.S that specializes in the creation and supply of superior battery management equipment and related services for the automotive sector, launched the MVT handheld battery tester in November 2023. This device is ideal for automotive service applications, providing a precise diagnosis of uncharged in-vehicle batteries, eliminating the need for pre-charging. It guarantees immediate test results with little user interaction, which makes it perfect for rapid lane testing scenarios. Moreover, this tester is capable of evaluating batteries even when Cold Cranking Amps (CCA) rating is indiscernible or amidst vehicle system noise disturbances, ensuring its reliable performance under tough conditions.
What major market segments define the scope and growth of the automotive garage equipment market?
The automotive garage equipment market covered in this report is segmented -
1) By Installation Type: Mobile, Fixed
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Type: Lifting Equipment, Body Shop Equipment, Wheel And Tire Service Equipment, Vehicle Diagnostic And Testing Equipment, Washing Equipment, Other Types
4) By Application: Automotive OEM Dealerships, Franchise Stores, Independent Garages
Subsegments:
1) By Mobile: Portable Car Lifts, Mobile Tire Changing Machines, Handheld Diagnostic Tools, Portable Wheel Balancers, Mobile Air Compressors
2) By Fixed: In-Ground Lifts, Above-Ground Lifts, Alignment Racks, Fixed Tire Changers, Dedicated Workstations
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Which region dominates the automotive garage equipment market?
Asia-Pacific was the largest region in the automotive garage equipment market in 2024. The regions covered in the automotive garage equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive garage equipment industry growth?
Major companies operating in the automotive garage equipment market include Robert Bosch GmbH, Continental AG, Boston Garage Equipment Ltd, Snap-On Incorporated, The Lincoln Electric Company, Forward Lift Company, Falcon Machine Tools Co. Ltd., Vehicle Service Group, CORGHI, Oil Lube Systems Pvt Ltd, Con Air Equipment Private Limited, Manatec Electronics Private Limited, Gray Manufacturing Company Inc., Autec Inc., Standard Tools and Equipment, Ravaglioli S.p.A., Sarveshwari Engineers, VisiCon Automatisierungstechnik GmbH, Maha Maschinenbau Haldenwang GmbH & Co. KG, Istobal S.A., Symach, PULI Industries, Aro Equipments Pvt. Ltd., Automotive Equipment International (Pty) Ltd., SAMVIT GARAGE EQUIPMENTS, Arex Test Systems B.V., Nussbaum Automotive Solutions
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What Is Covered In The Automotive Garage Equipment Global Market Report?
• Market Size Forecast: Examine the automotive garage equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive garage equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive garage equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive garage equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive garage equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive garage equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive garage equipment market.
• Competitive Landscape: Review strategic developments in the automotive garage equipment market, including expansions, agreements, and new product launches.
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