Global Automotive Garage Equipment Market Size Study, by Equipment Type, by Garage Type, and Regional Forecasts 2022-2032

Description

Global Automotive Garage Equipment Market is valued at approximately USD 17.55 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.72% over the forecast period 2024-2032. Automotive garage equipment, encompassing tools and machinery essential for vehicle repair, maintenance, and diagnostics, are pivotal for routine vehicle inspections and efficient performance. This equipment ranges from handheld tools to specialized machinery designed for specific vehicle-related tasks.

The Global Automotive Garage Equipment Market is driven by the rising consumer inclination towards vehicle modifications and aesthetic enhancements such as engine tuning, suspension upgrades, exhaust system replacements, alloy wheel replacements, and custom paint jobs. This trend, fueled by increased disposable incomes and the proliferation of custom modification and paint garages, is positively impacting the global automotive garage equipment market. Additionally, the complexity of modern vehicles, increasing demand for vehicle restoration and upgrades, and global automotive sales surge are further propelling market growth. However, the volatility in raw material prices is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Automotive Garage Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the dominating among regional market in terms of revenue owing to factors such as continuous advancements in automotive technology necessitate corresponding upgrades in garage equipment. These include diagnostic tools, wheel alignment systems, vehicle lifts, and other specialized equipment that enhance efficiency and accuracy in automotive repair and maintenance across the region. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

Boston Garage Equipment
Ravaglioli S.p.A.
Hunter Engineering Company
Hofmann Megaplan GmbH
Robert Bosch GmbH
SK Tools LLC
Snap-On Incorporated
Continental AG
Mac Tools
MAHA Maschinenbau Haldenwang GmbH & Co. KG

The detailed segments and sub-segment of the market are explained below:

By Equipment Type

Lifting and Hoisting Equipment
Diagnostic and Testing Equipment
Wheel and Tire Equipment
Hand Tools and Power Tools
Washing Equipment
Others

By Garage Type

OEM Authorized Garages
Independent Garages

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Automotive Garage Equipment Market Executive Summary

1.1. Global Automotive Garage Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Equipment Type
- 1.3.2. By Garage Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Garage Equipment Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Garage Equipment Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Automobile Sales Globally
- 3.1.2. Increase in Vehicle Complexity and Advancement in Automotive Garage Equipment
3.2. Market Challenges
- 3.2.1. Volatility in Prices of Raw Materials
3.3. Market Opportunities
- 3.3.1. Development of Connected Garage Equipment
- 3.3.2. Rising Demand for Electric and Hybrid Vehicles
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Automotive Garage Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Garage Equipment Market Size & Forecasts by Equipment Type 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Garage Equipment Market: Equipment Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Lifting and Hoisting Equipment
- 5.2.2. Diagnostic and Testing Equipment
- 5.2.3. Wheel and Tire Equipment
- 5.2.4. Hand Tools and Power Tools
- 5.2.5. Washing Equipment
- 5.2.6. Others

Chapter 6. Global Automotive Garage Equipment Market Size & Forecasts by Garage Type 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Garage Equipment Market: Garage Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. OEM Authorized Garages
- 6.2.2. Independent Garages

Chapter 7. Global Automotive Garage Equipment Market Size & Forecasts by Region 2022-2032

7.1. North America Automotive Garage Equipment Market
- 7.1.1. U.S. Automotive Garage Equipment Market
  - 7.1.1.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Automotive Garage Equipment Market
  - 7.1.2.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.1.2.2. Garage Type breakdown size & forecasts, 2022-2032
7.2. Europe Automotive Garage Equipment Market
- 7.2.1. U.K. Automotive Garage Equipment Market
  - 7.2.1.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.1.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.2.2. Germany Automotive Garage Equipment Market
  - 7.2.2.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.2.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.2.3. France Automotive Garage Equipment Market
  - 7.2.3.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.3.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.2.4. Spain Automotive Garage Equipment Market
  - 7.2.4.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.4.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.2.5. Italy Automotive Garage Equipment Market
  - 7.2.5.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.5.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.2.6. Rest of Europe Automotive Garage Equipment Market
  - 7.2.6.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.2.6.2. Garage Type breakdown size & forecasts, 2022-2032
7.3. Asia-Pacific Automotive Garage Equipment Market
- 7.3.1. China Automotive Garage Equipment Market
  - 7.3.1.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.1.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.3.2. India Automotive Garage Equipment Market
  - 7.3.2.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.2.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.3.3. Japan Automotive Garage Equipment Market
  - 7.3.3.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.3.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.3.4. Australia Automotive Garage Equipment Market
  - 7.3.4.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.4.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.3.5. South Korea Automotive Garage Equipment Market
  - 7.3.5.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.5.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Automotive Garage Equipment Market
  - 7.3.6.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.3.6.2. Garage Type breakdown size & forecasts, 2022-2032
7.4. Latin America Automotive Garage Equipment Market
- 7.4.1. Brazil Automotive Garage Equipment Market
  - 7.4.1.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.4.1.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.4.2. Mexico Automotive Garage Equipment Market
  - 7.4.2.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.4.2.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.4.3. Rest of Latin America Automotive Garage Equipment Market
  - 7.4.3.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.4.3.2. Garage Type breakdown size & forecasts, 2022-2032
7.5. Middle East & Africa Automotive Garage Equipment Market
- 7.5.1. Saudi Arabia Automotive Garage Equipment Market
  - 7.5.1.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.5.1.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.5.2. South Africa Automotive Garage Equipment Market
  - 7.5.2.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.5.2.2. Garage Type breakdown size & forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Automotive Garage Equipment Market
  - 7.5.3.1. Equipment Type breakdown size & forecasts, 2022-2032
  - 7.5.3.2. Garage Type breakdown size & forecasts, 2022-2032

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.2 Company 2
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Boston Garage Equipment
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Ravaglioli S.p.A.
- 8.3.3. Hunter Engineering Company
- 8.3.4. Hofmann Megaplan GmbH
- 8.3.5. Robert Bosch GmbH
- 8.3.6. SK Tools LLC
- 8.3.7. Snap-On Incorporated
- 8.3.8. Continental AG
- 8.3.9. Mac Tools
- 8.3.10. MAHA Maschinenbau Haldenwang GmbH & Co. KG

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes