The global
automotive garage equipment market size was estimated at USD 8.13 billion in
2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030. The
increasing number of vehicles on the road, the rising demand for vehicle
maintenance and repair services, and advancements in garage equipment
technology are driving market growth.
Drivers, Opportunities & Restraints
The automotive
garage equipment market is driven by several factors, including the growing
emphasis on vehicle safety and maintenance, the increasing number of vehicles
globally, and the rising demand for advanced diagnostic and repair solutions.
The expansion of the automotive aftermarket and the increasing complexity of
modern vehicles are also contributing to market growth.
Moreover, the
integration of advanced technologies, such as automation and IoT (Internet of
Things), in garage equipment is providing significant growth opportunities. The
growing demand for eco-friendly and efficient garage equipment and the rising
number of automotive repair shops in emerging economies are also driving the
market.
However, the
high initial cost of advanced garage equipment and the need for regular
maintenance and calibration may pose challenges to market growth. Additionally,
the availability of counterfeit and low-quality equipment can hinder market
growth.
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or view report summary: Automotive
Garage Equipment Market
Key Sucrose Esters Companies:
·
Evonik
Industries AG
·
Sisterna
·
Croda
International
·
Alfa
Chemicals
·
P&G
Chemicals
·
Dai-Ichi
Kogyo Seiyaku
·
Mitsubishi
Chemical Holdings Corporation
·
BASF
SE
·
Stearinerie
Dubois
·
FELDA
IFFCO
Key Automotive
Garage Equipment Company Insights
Some of the key players operating in the market include Robert Bosch
GmbH, Continental AG, ISTOBAL, and Boston Garage Equipment.
- Robert Bosch GmbHis a leading manufacturer and provider of
automotive garage equipment, offering a wide range of products such as
sensors, fuel injectors, and steering systems. The company invests heavily
in research and development and the entrepreneurial ownership activities
are conducted by the Robert Bosch Industrietreuhand KG, an industrial
trust. This structure allows Bosch to plan for the long-term and make
significant investments in the company's future.
- Continental AGContinental AG is a automotive parts manufacturer
based in Germany that specializes in brake systems, tires, automotive
safety, chassis components, powertrain, vehicle electronics, and other
technologies for sustainable and connected mobility.
- ISTOBALISTOBAL is a Spanish multinational company that specializes
in the design, manufacturing, and marketing of a wide range of equipment
such as wash tunnels, jet washes, rollovers for commercial vehicles, and
solutions for washing trains and trams. Istobal also offers accessories,
chemicals, and water treatment solutions. The company markets its products
in more than 60 countries through its extensive distributor network and
its own subsidiaries
Key
Automotive Garage Equipment Companies:
- Robert Bosch GmbH
- Continental AG
- ISTOBAL
- Aro Equipments Pvt. Ltd
- Guangzhou Jingjia Auto Equipment Co. Ltd
- Arex Test Systems BV
- Boston Garage Equipment
- Vehicle Service Group
- Gray Manufacturing Company Inc.
- VisiCon Automatisierungstechnik GmbH
- MAHA Maschinenbau Haldenwang GmbH & Co. KG
Recent
Developments
- In July 2023, Robert Bosch GmbH announced plans to expand their
product range for the independent aftermarket by adding cabin blowers,
which are essential components of vehicle air-conditioning systems. The
new cabin blowers run quietly and are specifically designed to match the
vehicle's AC system, ensuring efficient and reliable air flow. Initially,
five blowers will be available for common Ford and VW models in the
European market, with plans to expand the product range in the coming
months to provide a wide selection of high-quality replacement parts for both
workshops and consumers.
- In June 2024, Boston Garage Equipment announced the availability of
its new measurement and diagnostic device called the EOBD-400. These
devices used to measure the emissions of vehicles. These testers are
designed to analyze the exhaust of a vehicle and determine if it meets the
required emissions standards. The EOBD-400 tester is a specific model that
is commonly used for this purpose and features Bluetooth 5 (LE) for long
rage operations, equipped with a neoprene rubber surround, and other
features.
Automotive Garage Equipment Market Report
Segmentation
- Automotive Garage Equipment
Outlook (Revenue, USD Million, 2018 - 2030)
- Lifting Equipment
- Wheel & Tire
Service Equipment
- Vehicle Diagnostic
& Testing Equipment
- Body Shop Equipment
- Washing Equipment
- Others
- Automotive Garage
Equipment Garage Type Outlook (Revenue, USD Million, 2018 - 2030)
- OEM Authorized
Garages
- Independent Garages
- Automotive Garage
Equipment Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Online
- Offline
- Automotive Garage
Equipment Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- Passenger Cars
- Commercial Vehicles
- Automotive Garage
Equipment Application Outlook (Revenue, USD Million, 2018 - 2030)
- Body Shop
- Tire Shop
- Car Dealership
- Automotive Garage
Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East &
Africa
- South Africa
- Saudi Arabia
- UAE
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