Global Garage Equipment Market is expected to foresee significant growth. Asia Pacific to lead the growth!

The automotive industry is experiencing an upsurge due to the continuously rising population and disposable incomes. The demand for garage equipment also increases owing to the increasing number of sales of automotive. Furthermore, due to the rising environmental concerns, governments are emphasizing the adoption of electric vehicles which in turn increases the need for the garage and advanced equipment. Additionally, the rising integration of advanced technology in the garage also catalyzes the market growth of garage equipment.

The Garage Equipment market is expected to grow at a steady rate of around 6% owing to the increase in the number of the racing sports. Other factors such as the surge in the production and sales of vehicles, increasing safety concerns amongst car consumers, and rising sales of used vehicles is also propelling the market’s growth. Major companies in the market offering garage equipment are Robert Bosch GmbH, Continental AG, Istobal S.A., Aro Equipments Pvt. Ltd., Guangzhou Jingjia Auto Equipment Co. Ltd., Nussbaum Automotive Solutions Lp.

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Based on the garage type, the market has been categorized into OEM authorized garages and independent garages. Among them, the OEM-authorized garages adhesive segment is expected to have significant growth in the market. The rising demand for authorized and high-quality equipment is attributed to the segmental growth the OEM-authorized garages. Furthermore, the continuously improving technology of the vehicles and integration of the vehicle-specific equipment in the vehicle are also important reasons for the segmental growth.

Based on the application, the market has been categorized into body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, wheel & tire equipment, and others. Among them, the emission equipment segment is expected to have significant growth in the market during the forecast period. The rising environmental concerns along with the increasing focus of governmental and non-governmental organizations attributed to the increasing segmental growth of the emission equipment.
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Based on the function type, the market has been categorized into electronic and mechanical. Among them, the electronic segment is expected to have significant growth in the market during the forecast period. The increasing number of electric vehicles and the increasing number of electronic safety & tracking equipment are responsible for the growth of electronics in the garage equipment market.

For a better understanding of the market adoption of the garage equipment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific witnessed the fastest growth during the forecast period. This is mainly due to the rising number of vehicles and the presence of emerging economies along with the increasing disposable income in the region.

Some of the major players operating in the market include Robert Bosch GmbH, Continental AG, Istobal S.A., Aro Equipments Pvt. Ltd., Guangzhou Jingjia Auto Equipment Co. Ltd., Nussbaum Automotive Solutions Lp, Boston Garage Equipment Ltd., Arex Test Systems B.V., Vehicle Service Group, Gray Manufacturing Company Inc.

Global Garage Equipment Market Segmentation

Market Insight, by Garage Type

• OEM authorized garages
• Independent garages

Market Insight, by Application

• Body shop equipment
• Diagnostic & testing equipment• Emission equipment• Lifting equipment• Washing equipment• Wheel & tire equipment• Others

Market Insight, by Function Type

• Electronic
• Mechanical

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Robert Bosch GmbH
• Continental AG• Istobal S.A.• Aro Equipments Pvt. Ltd• Guangzhou Jingjia Auto Equipment Co. Ltd.• Nussbaum Automotive Solutions Lp• Boston Garage Equipment Ltd.• Arex Test Systems B.V.• Vehicle Service Group• Gray Manufacturing Company Inc.