Automotive Garage Equipment Market is Expected to Witness Significant Growth Over 2032

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Automotive Garage Equipment Market. The Global Automotive Garage Equipment Market is Expected to Grow with 4.22% CAGR from 2024–2032

Automotive Garage Equipment Overview

The global automotive garage equipment market witnesses changing trends on a day to day basis. Garage equipment manufacturers are constantly researching and developing technologies to enable garage equipment operators to smoothly perform their day to day functions and increase shop/plant productivity. For instance, in January 2019, Porsche Center Tonbridge recently adopted WORKY’s touchless exhaust extraction system at its new flagship dealership. This arm series is the most advanced solution for extracting exhaust gases, which are produced by all types of vehicles, regardless of the size and position of the exhaust pipes. The global automotive garage equipment market is estimated to witness 4.22% CAGR from 2024–2032.

The global automotive garage equipment market is segmented based on equipment type, vehicle type, garage type, and region.

On the basis of equipment type, the wheel & tire service equipment segment is estimated to dominate the global automotive garage equipment market owing to substantial demand for wheel alignment systems and wheel balancing equipment. This can be attributed to the frequency of vehicle servicing and maintenance for wheel alignment and balancing, along with tire changing and inflation problems is relatively high in countries such as China, India, South Africa, Mexico, and Brazil.

On the basis of vehicle type, the passenger car segment is estimated to hold the largest market share in the global automotive garage equipment market owing to its large fleet size and long lifespan.

On the basis of garage type, the introduction of advanced and more reliable vehicle maintenance and servicing solutions in OEM dealerships and franchised garages could drive the global automotive garage equipment market over the forecast period. However, independent garages provide relatively cheaper servicing and maintenance to vehicle owners, which accounts for its dominant share in the global automotive garage equipment market.

On the basis of region, the global market for automotive garage equipment is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the automotive garage equipment market through the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Garage Equipment Market Research Report

Prominent Players

The Prominent Players operating in the global automotive garage equipment market are Istobal S.A. (US), Robert Bosch GmbH (Germany), Gray Manufacturing Company, Inc. (US), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), VisiCon Automatisierungstechnik GmbH (Germany), and Arex Test Systems B.V. (Netherlands).

Industry News

• In 2017, Bosch introduced a new hi-tech contact-free wheel alignment unit, FWA 9000. This innovative 3D technology helps measure all 4 wheels quickly, accurately, and simultaneously, while also estimating wheel alignment in just few seconds. FWA 9000 was designed for high loading workshops and garages and does not require additional space.

• In 2019, The Hofmann introduced monty 1675 Swing Arm Tire Change that is integrated with smartSpeed technology, which automatically minimizes risk of damage to tires. This equipment optimizes the torque applied to the wheel and sets the maximum rotation speed of the wheel from seven to 18 RPMs for maximum productivity.

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive garage equipment market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both, historical market values and pricing and cost analysis.