PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1464238
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1464238
Automotive Garage Equipment Market Introduction and Overview
According to SPER market research, 'Automotive Garage Equipment Market Size- By Type, By Application, By Installation, By Function, By- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Automotive Garage Equipment Market is predicted to reach USD 38.24 billion by 2033 with a CAGR of 7.71%.
Automotive garage equipment includes a wide range of tools and machines used for vehicle repair and maintenance. Among other things, it consists of air compressors, tire changers, wheel balancers, diagnostic scanners, brake lathes, and vehicle lifts. This equipment helps technicians and mechanics diagnose, fix, and service cars more quickly. Wheel balancers and tire changers assist with tire removal, installation, and balancing, and vehicle lifts raise automobiles for convenient access to the undercarriage.
The COVID-19 pandemic has practically put an end to the automobile industry by causing supply challenges and a halt to car production. Automakers will be worried about fewer vehicle sales over the upcoming quarters. According to experts, there is a slim chance that car sales will rebound in 2020. Conversely, there may be a greater growth rate for automotive test equipment due to stricter regulations governing vehicle greenhouse gas emissions.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Application, By Installation, By Function
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Arex Test Systems bv, Gray Manufacturing, Snap-On Incorporated, Vehicle Service Group SM, Bosch Limited, Continental AG, MAHA Maschinenbau Haldenwang GmbH & Co KG, Boston Garage Equipment Ltd, M/s Samvit Garage Equipments.
Automotive Garage Equipment Market Segmentation
By Type: Based on the Type, Global Automotive Garage Equipment Market is segmented as; OEM, Independent.
By Application: Based on the Application, Global Automotive Garage Equipment Market is segmented as; Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing.
By Installation: Based on the Installation, Global Automotive Garage Equipment Market is segmented as; Mobile, Fixed.
By Function: Based on the Function, Global Automotive Garage Equipment Market is segmented as; Mechanical, Electronic.