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Global Garage Equipment Market to Grow at a CAGR of 7.45% During 2022-2027, Aided by the Rising Demand for Passenger and Commercial Cars in the Transportation Industry

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Garage Equipment Market

Global Garage Equipment Market Share, Size, Growth, Trends: By Function Type: Mechanical, Electronic; By Garage Type: OEM Authorised Garage, Independent Garage; By Installation Type: Mobile, Fixed; By Equipment Type; By Vehicle Type; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Garage Equipment Market Outlook

The global garage equipment market reached an approximate value of USD 6.97 billion in 2021. The market is expected to grow at a CAGR of 7.45% in the forecast period of 2024-2032, reaching a value of USD 10.73 billion by 2027.  

 

Rising Demand for Various Emission Equipment to Bolster the Growth of the Garage Equipment Industry 

Based on equipment type, the emission equipment segment accounts for a significant share in the market, owing to the stringent emission standard regulations in countries with increasing environmental pollution. This factor has propelled the demand for emission measuring devices, gas analysers, diesel smoke meters, and emission testers.

 

garage equipment market

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The emission measuring device is likely to witness a considerable demand in the forecast period, owing to the high sensitivity, easy usage, and efficient detection of small leaks. Over the forecast period, modern technical features in the emission equipment, along with the increasing popularity of special flue gas analysers, are likely to garner the market growth.

 

North America Accounts for the Largest Market Share

Regionally, the North America holds a significant share of the garage equipment market, driven by growing technological advancements in passenger and commercial vehicles. This is a result of growing investments by major automotive industry players towards developing high-performance and fuel-efficient automobiles. 

 

The market in the region is anticipated to be driven by the thriving transportation sector in the United States and Canada, owing to the favourable policies introduced by the North American Free Trade Agreement (NAFTA). The market will further be aided by the growing demand for vehicles due to the rising disposable incomes and growing population. 

 

Industry Definition and Segmentation

Garage equipment refers to the tools or devices which are used to for the servicing and repair of vehicles. Garage equipment aids in identifying and solving vehicular issues such as engine repairs, vehicle suspension, maintenance access, etc.

 

garage equipment market by segments

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Based on function type, the market is bifurcated into:

  • Mechanical
  • Electronic 

 

On the basis of garage type, the industry is divided into:

  • OEM Authorised Garage
  • Independent Garage

 

The installation types considered into the market include:

  • Mobile
  • Fixed

 

The significant equipment types in the garage equipment market are:

  • Body Shop Equipment
  • Diagnostic and Testing Equipment
  • Emission Equipment
  • Lifting Equipment
  • Washing Equipment
  • Wheel and Tire Equipment
  • Others

 

By vehicle type, the market can be bifurcated into:

  • Passenger Car
  • Commercial Vehicle

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Incidences of Vehicle-Related Problems to Boost the Growth of the Garage Equipment Industry

The global garage equipment market is driven by the rising cases of vehicle-related problems such as an automobile crash, brake failure, discharged battery, car-paint fading, uneven tyre wear, engine overheating, exhaust smoke, and low AC cooling, among others. These vehicular problems are quite common and are most likely to arise if the vehicle is old.

 

The market for garage equipment will be bolstered by the increasing inclination towards customisation of personal automobiles, owing to the rising disposable income and easy availability of garage equipment. Over the forecast period, the development of general and independent garages is likely to augment the market growth. The emergence of skilled workers, who have adequate knowledge and are trained to handle garage equipment is another factor which is likely to bolster the market growth. 

 

garage equipment market by region

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Key Industry Players in the Global Garage Equipment Market

The report gives a detailed analysis of the following key players in the global garage equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Dover Corporation
  • Continental AG
  • Fortive Corporation
  • Boston Garage Equipment Ltd
  • Aro Equipments Pvt. Ltd
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
 

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Function Type
  • Garage Type
  • Installation Type
  • Equipment Type
  • Vehicle Type
  • Region
Breakup by Function Type
  • Mechanical
  • Electronic
Breakup by Garage Type
  • OEM Authorised Garage
  • Independent Garage
Breakup by Installation Type
  • Mobile
  • Fixed
Breakup by Equipment Type
  • Body Shop Equipment
  • Diagnostic and Testing Equipment
  • Emission Equipment
  • Lifting Equipment
  • Washing Equipment
  • Wheel and Tire Equipment
  • Others
Breakup by Vehicle Type
  • Passenger Car
  • Commercial Vehicle
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dover Corporation
  • Continental AG
  • Fortive Corporation
  • Boston Garage Equipment Ltd
  • Aro Equipments Pvt. Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Garage Equipment Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Garage Equipment Historical Market (2016-2020) 
    8.3    Global Garage Equipment Market Forecast (2021-2026)
    8.4    Global Garage Equipment Market by Function Type
        8.4.1    Mechanical
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Electronic 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Garage Equipment Market by Garage Type
        8.5.1    OEM Authorised Garage
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Independent Garage
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Garage Equipment Market by Installation Type
        8.6.1    Mobile
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Fixed
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Garage Equipment Market by Equipment Type
        8.7.1    Body Shop Equipment
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Diagnostic and Testing Equipment
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Emission Equipment
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Lifting Equipment
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Washing Equipment
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Wheel and Tire Equipment
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Others
    8.8    Global Garage Equipment Market by Vehicle Type
        8.8.1    Passenger Car
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Commercial Vehicle
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
    8.9    Global Garage Equipment Market by Region
            8.9.1    Market Share
                8.9.1.1    North America
                8.9.1.2    Europe
                8.9.1.3    Asia Pacific
                8.9.1.4    Latin America
                8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Dover Corporation 
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Continental AG
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Fortive Corporation
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Boston Garage Equipment Ltd
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Aro Equipments Pvt. Ltd
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Garage Equipment Market: Key Industry Highlights, 2018 and 2032
2.    Global Garage Equipment Historical Market: Breakup by Function Type (USD Million), 2016-2020
3.    Global Garage Equipment Market Forecast: Breakup by Function Type (USD Million), 2021-2026
4.    Global Garage Equipment Historical Market: Breakup by Garage Type (USD Million), 2016-2020
5.    Global Garage Equipment Market Forecast: Breakup by Garage Type (USD Million), 2021-2026
6.    Global Garage Equipment Historical Market: Breakup by Installation Type (USD Million), 2016-2020
7.    Global Garage Equipment Market Forecast: Breakup by Installation Type (USD Million), 2021-2026
8.    Global Garage Equipment Historical Market: Breakup by Equipment Type (USD Million), 2016-2020
9.    Global Garage Equipment Market Forecast: Breakup by Equipment Type (USD Million), 2021-2026
10.    Global Garage Equipment Historical Market: Breakup by Vehicle Type (USD Million), 2016-2020
11.    Global Garage Equipment Market Forecast: Breakup by Vehicle Type (USD Million), 2021-2026
12.    Global Garage Equipment Historical Market: Breakup by Region (USD Million), 2016-2020
13.    Global Garage Equipment Market Forecast: Breakup by Region (USD Million), 2021-2026
14.    North America Garage Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
15.    North America Garage Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Europe Garage Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Europe Garage Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Asia Pacific Garage Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Asia Pacific Garage Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Latin America Garage Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Latin America Garage Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Middle East and Africa Garage Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
23.    Middle East and Africa Garage Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
24.    Global Garage Equipment Market Structure
 

Key Questions Answered in the Report

What was the global garage equipment market size in 2021?

In 2021, the global market for garage equipment attained a value of nearly USD 6.97 billion.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 7.45% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.73 billion by 2027.

What are the major regional markets of the garage equipment, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

What are the major industry drivers?

The major drivers of the market include the growing cases of vehicle-related problems, easy availability of garage equipment, and increasing inclination of people towards customisation of vehicles.

What are the key industry trends of the global garage equipment market?

The growing investments by major automobile industry players aimed towards upgrading commercial and passenger cars, is expected to be a key trend guiding the growth of the industry.

What are the major types of functions based on which the market is segmented?

Mechanical and electronic are the major types of functions based on which the market is segmented.

What are the different garage types on the basis of which the market has been bifurcated?

OEM authorised garage and independent garage are the different garage types on the basis of which the market has been bifurcated.

What are the installation types in the market?

Mobile and fixed are the installation types in the market.

What are the significant types of equipment in the market?

Body shop equipment, diagnostic and testing equipment, emission equipment, lifting equipment, washing equipment, and wheel and tire equipment, among others are the significant types of equipment in the market.

What is the bifurcation of market based on vehicle type?

Passenger cars and commercial vehicles is the is the bifurcation of market based on vehicle type.

Who are the key industry players, according to the report?

The major players in the industry are Dover Corporation, Continental AG, Fortive Corporation, Boston Garage Equipment Ltd, and Aro Equipments Pvt. Ltd, among others.

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