Global Garage Equipment Market Expansion at 8% CAGR, Valued at $11.68 Billion by 2029

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What Are the Garage Equipment Market Size Forecast for 2025?
In recent times, there has been a robust growth in the garage equipment market size. Predictions indicate a rise from $7.96 billion in 2024 to an impressive $8.57 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.6%. Factors that contributed to the notable growth during the historical period include the demand for constant technician training due to emerging technologies, expansion in the luxury and high-performance vehicles market, legislative changes, standardization of auto parts and systems, and a rise in vehicle import and export activities.

What Is the Market Size Outlook for Garage Equipment Until 2029?
The market size for garage equipment is predicted to experience significant growth in the upcoming years, potentially reaching $11.68 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.0%. This growth during the projected period is largely due to the impact of insurance policies on vehicular repairs, advancements in infrastructure, shifting customer expectations, increasing demand for quicker service, an extended reach of vehicle warranty services, and partnerships with original equipment manufacturers. Key trends expected during this period involve enhanced driver assistance systems, the incorporation of the Internet of Things (IoT) into garage equipment, the usage of telematics systems, advancements in 3D printing for part production, and the establishment of smart workshops equipped with automated and interconnected tools.

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What Are the Major Factors Driving Demand in the Garage Equipment Market?
The surge in popularity of electric vehicles is projected to spearhead the expansion of the garage equipment market. Electric vehicles are cars powered by electricity stored within on-board batteries. They are becoming increasingly popular due to their lower greenhouse gas emissions and diminished dependence on fossil fuels compared to traditional vehicles powered by gasoline. Garage equipment is instrumental in servicing EVs by supplying the requisite tools and technology for their specific maintenance and repair requisites. This specially designed gear enables mechanics to deal with everything from basic upkeep to intricate diagnostics and repairs, guaranteeing the flawless functioning and long lifespan of electric vehicles. For example, the International Energy Agency, an independent organization based in France, reported in April 2024 that worldwide sales of electric cars approached 14 million in 2023, an increase from 14% in 2022. Consequently, the rising popularity of electric vehicles is fueling the expansion of the garage equipment market.

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How Are End-Use Segments Shaping the Garage Equipment Market Outlook?
The garage equipment market covered in this report is segmented -

1) By Equipment Type: Body Shop Equipment, Diagnostic And Test Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel And Tire Equipment, Other Equipment Types
2) By Garage Type: Original Equipment Manufacturer (OEM) Authorized Garage, Independent Garage, Franchise Garages
3) By Installation Type: Mobile, Fixed
4) By Function Type: Electronic, Mechanical
5) By Vehicle Type: Passenger Vehicles, Commercial Vehicles

Subsegments:
1) By Body Shop Equipment: Spray Booths, Frame Machines, Dent Repair Equipment, Paintless Dent Removal (Pdr) Tools
2) By Diagnostic And Test Equipment: Vehicle Diagnostics Scanners, Tire Pressure Monitoring System (Tpms) Tools, Emission Testing Systems, Battery Testers
3) By Emission Equipment: Exhaust Gas Analyzers, Particulate Matter (Pm) Testers, Nitrogen Oxide (Nox) Analyzers
4) By Lifting Equipment: Vehicle Lifts, Floor Jacks, Scissor Lifts, Wheel Dollies
5) By Washing Equipment: Car Wash Systems, High-pressure Washers, Vehicle Cleaning Equipment
6) By Wheel And Tire Equipment: Tire Changers, Wheel Balancers, Wheel Alignment Systems
7) By Other Equipment Types: Air Compressors, Battery Chargers, Workshop Tools

What Are the Strategic Trends Transforming the Garage Equipment Market Landscape?
Leading businesses in the garage equipment market are creating state-of-the-art products like alignment scissor lifts to improve accuracy in wheel alignment, bolster safety, and heighten efficiency in the maintenance of electric and traditional vehicles. An alignment scissor lift is a type of vehicle lift engineered for precise wheel alignment, and comes with adjustable platforms, superb stability, and built-in lighting for assessments. For example, Snap-on, a machinery manufacturing firm based in the United States, unveiled the Sun SSL 6400 Alignment Scissor Lift 4T in July 2022. It's a 4.8m, 4000kg capacity lift perfect for compact garages and tire shops, providing flexible turntable placement, an open-front layout, quadruple electro-hydraulic rams, and LED lights for exact wheel alignments. Equipped with a certified top lifting potency of 4000 kg (8800 lbs) and a lifting spectrum of 230 mm to 1900 mm (9-75 inches), this lift has been crafted for wheel alignment and is suitable for smaller garages and tire centers.

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Who Are the Prominent Companies in the Garage Equipment Market by ?
Major companies operating in the garage equipment market are Continental AG, Snap-on Incorporated, John Bean, Hunter Engineering Company, BendPak Inc., Launch Tech Co. Ltd., Stertil BV, Gray Manufacturing, Rotary Lift, Hofmann Equipment, EAE Automotive Equipment Co. Ltd., Ravaglioli, Giuliano Industrial S.p.A., Boston Garage Equipment, Istobal, Nussbaum Automotive Lifts Inc., Oil Lube Systems Pvt Ltd., Werther International S.p.A., Forward Lift, Con Air Equipments Pvt. Ltd., MAHA India Automotive Testing Equipment Private Limited, Sarveshwari Engineers

Which Region Is Expected to See the Highest CAGR in the Garage Equipment Market?
North America was the largest region in the garage equipment market in 2024. The regions covered in the garage equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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