Emerging Trends to Reshape the Shop Equipment Market: Forward Lift Enhances Mobile Column Lifts With New Frame-Engaging Adapters For Increased Versatility as a Key Influencer

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Shop Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been a robust growth in the market size of shop equipment. The value, which is projected to escalate from $119.79 billion in 2024, is expected to reach $129.97 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.5%. This upward trajectory during the historic time frame is largely due to increased manufacturing activities, speedy urbanization and infrastructure development projects. The automotive industry's growing demand has also spurred interest in shop equipment, along with heightened investments in the industrial sectors and a rising awareness of environmental issues.

Shop Equipment Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, the shop equipment market size is projected to witness significant growth, potentially reaching $184.07 billion by 2029 at a compound annual growth rate (CAGR) of 9.1%. This expansion during the forecast period is primarily attributed to a growing emphasis on sustainable practices, embracing eco-friendly manufacturing processes, expansion in construction sectors, the surge of e-commerce and digital platforms, as well as the increasing demand for electric vehicles. Key trends forecasted for this period involve the implementation of Industry 4.0 technologies, escalation in additive manufacturing or 3D printing, integration of automation and robotics, application of internet of things (IoT) and advancements in smart equipment.

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What Are the Drivers Transforming the Shop Equipment Market?
The increasing favorability of electric vehicles is predicted to accelerate the expansion of the shop equipment market. Electric cars, which are primarily propelled by electricity via one or more electric motors, are gaining popularity due to growing environmental awareness, cost-effectiveness, and governmental support. Shop equipment plays a critical role in maintaining the safety and efficiency of these electric vehicles, providing essential tools and equipment for upkeep, repairs, and charging infrastructure. For instance, the International Energy Agency, an intergovernmental organization based in France, reported in March 2023 that the electric car market had witnessed tremendous growth with sales crossing the 10 million mark in 2022. Moreover, 14% of all new cars sold in 2022 were electric, marking a significant jump from nearly 9% in 2021. Therefore, the shop equipment market is likely to benefit from the rising preference for electric vehicles.

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What Are the Key Trends Driving Shop Equipment Market Growth?
Leading firms in the shop equipment market are prioritizing the creation of inventive products, such as mobile column lift adapters, to boost the effectiveness and adaptability of maintenance operations for electric cars and other up-to-date vehicles. These lift adapters are adjustable elements that join onto mobile column lifts, making it possible to hoist vehicles with different structures and lifting points. To illustrate, in August 2024, Rotary, an American automobile service equipment enterprise, introduced the Rotary Flex MAX Linker. This new patent-pending, remote-controlled accessory aims to amplify the application of mobile column lifts in the repair operations of large vehicles. The Flex MAX Linker provides automotive professionals with the ability to manage up to 18 Rotary Flex MAX mobile column lifts with one single remote. The goal of this device is to dissolve inefficacies, boost flexibility, and elevate the safety measures involved when lifting extensive vehicles such as, heavy-duty trucks, multi-axle buses, coaches, and railway carts.

Which Segments in the Shop Equipment Market Offer the Most Profit Potential?
The shop equipmentmarket covered in this report is segmented -

1) By Type: Lifting Equipment, Body Shop Equipment, Wheel And Tire Service Equipment, Vehicle Diagnostic And Testing Equipment, Washing Equipment
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Passenger Vehicle, Commercial Vehicle

Subsegments:
1) By Lifting Equipment: Vehicle Lifts (Two-Post, Four-Post, Scissor Lifts), Jacks And Jacking Systems, Hydraulic Lifts, Alignment Lifts
2) By Body Shop Equipment: Collision Repair Equipment, Frame Straightening Machines, Dent Repair Equipment, Paint Booths And Paint Drying Systems
3) By Wheel And Tire Service Equipment: Tire Changers, Wheel Balancers, Tire Pressure Monitoring Systems (TPMS) Tools, Tire Inflators And Deflators
4) By Vehicle Diagnostic And Testing Equipment: Diagnostic Scanners And Scopes, Emissions Testing Equipment, Battery Testers And Chargers, OBD-II Diagnostic Tools
5) By Washing Equipment: Car Wash Systems (Automatic, Self-Serve), Pressure Washers, Foam Wash Systems, Underbody Wash Systems

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Which Firms Dominate the Shop Equipment Market by Market Share and Revenue in 2025?
Major companies operating in the shop equipment market are Robert Bosch GmbH, Caterpillar Inc., Stanley Black & Decker, Atlas Copco AB, Textron Inc., Ingersoll Rand Ltd, Makita Corporation, Snap-on Incorporated, Husqvarna Group, Milwaukee Electric Tool Corporation, TTS Tooltechnic Systems AG & Co. KG, Matco Tools, Grizzly Industrial Inc., Klein Tools, JPW Industries Inc., Delta Power Equipment Corporation, Siemens AG, Baileigh Industrial Inc., Emerson Electric Co., Hitachi Koki Co Ltd.

Which Regions Offer the Highest Growth Potential in the Shop Equipment Market?
North America was the largest region in the shop equipment market in 2024. The regions covered in the shop equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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