Global Automotive Garage Equipment Market Analysis
Market Size and Growth:
The global Automotive Garage Equipment market was valued at US$ 24.28 Bn. in 2022 and is projected to reach US$ 31.52 Bn. by 2029, growing at a compound annual growth rate (CAGR) of 3.8 % during the forecast period.
Market Overview:
This comprehensive market study examines current and emerging trends, as well as dynamics within the global Automotive Garage Equipment market. The report provides detailed market forecasts for key segments from 2021 to 2027. Extensive analysis is conducted by monitoring the positions of key products and main competitors within the market. To understand the competitive landscape, major players are profiled and their strategies thoroughly evaluated.
Market Scope:
The analysis includes an up-to-date review of the current Automotive Garage Equipment market landscape, highlighting recent trends, drivers, and an overview of the overall market environment. Increasing demand for Automotive Garage Equipment is a significant driver of market growth. The report covers various aspects including technology, end-user, and type segments, as well as the geographical landscape.
Drivers and Restraints:
The report also identifies major drivers and restraints impacting the Automotive Garage Equipment market.
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Segmentation
The market research provides quantitative insights that illustrate the potential of the global market across various categories, along with country-specific analyses.
by Garage Type
• OEM authorized garage
• Independent garage
by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
by Application
• Body Shop Equipment
• Diagnostic & Testing Equipment
• Emission Equipment
• Lifting Equipment
• Washing Equipment
• Wheel & Tire Equipment
Key Players:
Key factors influencing the market are explored, and detailed company profiles of major players
• Dover Corporation
• Continental AG
• Robert Bosch GmbH
• Snap-On Incorporated
• Fortive Corporation
• Cemb S.P.A
• Boston Garage Equipment Ltd.
• Aro Equipments Pvt. Ltd
• Arex Test Systems B.V.
• Gray Manufacturing Company
• Guangzhou Jingjia Auto Equipment Co. Ltd
• Maha Maschinenbau Haldenwang GmbH & Co
• Beissbarth Automotive Service Equipment
• Sarveshwari Engineers
• Oil Lube Systems Pvt Ltd
• Manatec Electronics Private Limited
• Istobal
• Straightset
• V-Tech
• Corghi
• Hunter Engineering Company
• National Auto Tools
• Twin Busch Lp
• Mohawk Lifts
• Standard Tools and Equipment Co
• Nussbaum Automotive Solutions Lp
• Vehicle Service Group
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Regional Analysis:
The regional segment of the Automotive Garage Equipment market study includes factors influencing the market and changes in laws that affect current and future trends. Analysis includes value chain assessments, technology trends, Porter's Five Forces analysis, and case studies. Availability and competition from global and local players are considered when examining regional projections.
COVID-19 Impact Analysis:
The COVID-19 pandemic significantly impacted the global Automotive Garage Equipment industry. Production facilities were halted due to the economic downturn and workforce shortages. The pandemic caused a prolonged decrease in production utilization, and travel restrictions kept personnel from facilities, slowing market growth in 2020. However, this negative impact is expected to be temporary, with the market projected to recover significantly by early 2021 due to increased demand for Automotive Garage Equipment .
Key Questions Answered in the Report:
- Which segment accounted for the largest share in the Automotive Garage Equipment market?
- What was the competitive scenario of the Automotive Garage Equipment market in 2020?
- What are the key factors driving growth in the Automotive Garage Equipment market?
- Which region held the maximum share in the Automotive Garage Equipment market in 2020?
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