Automotive Garage Equipment Market Overview:
The global automotive garageequipment market witnesses changing trends on a day to day basis. Garageequipment manufacturers are constantly researching and developing technologiesto enable garage equipment operators to smoothly perform their day to day functionsand increase shop/plant productivity. For instance, in January 2019, PorscheCenter Tonbridge recently adopted WORKY’s touchless exhaust extraction systemat its new flagship dealership. This arm series is the most advanced solutionfor extracting exhaust gases, which are produced by all types of vehicles,regardless of the size and position of the exhaust pipes. The global automotivegarage equipment market size is estimated to witness 4.22% CAGR from2019–2025.
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The global automotive garageequipment market is segmented based on equipment type, vehicle type, garagetype, and region.
On the basis of equipment type,the wheel & tire service equipment segment is estimated to dominate theglobal automotive garage equipment market owing to substantial demand for wheelalignment systems and wheel balancing equipment. This can be attributed to thefrequency of vehicle servicing and maintenance for wheel alignment andbalancing, along with tire changing and inflation problems is relatively highin countries such as China, India, South Africa, Mexico, and Brazil.
On the basis of vehicle type, thepassenger car segment is estimated to hold the largest market share in theglobal automotivegarage equipment market owing to its large fleet size and long lifespan.
On the basis of garage type, theintroduction of advanced and more reliable vehicle maintenance and servicingsolutions in OEM dealerships and franchised garages could drive the globalautomotive garage equipment market over the forecast period. However,independent garages provide relatively cheaper servicing and maintenance tovehicle owners, which accounts for its dominant share in the global automotivegarage equipment market.
On the basis of region, theglobal market for automotive garage equipment is segmented into North America,Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected todominate the automotive garage equipment market through the forecastperiod.
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Prominent Players
The Prominent Players operatingin the global automotive garage equipment market are Istobal S.A. (US), RobertBosch 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).
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