Automotive Garage Equipment Market - Forecast(2024 - 2030)

Automotive garage equipment are tools and machinery utilized for the repair, maintenance and diagnostics work in a vehicle. This equipment are an essential part for performing routine inspection and maintenance work of vehicle, in order to make them perform efficiently. Automotive garage equipment may include handheld tools, power tools or specialized #machinery to carry out dedicated work in a vehicle.

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The global automotive garage equipment market size was valued at $17.3 billion in 2022.,and is projected to reach $35.5 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032. The global automotive garage equipment market growth is anticipated to witness strong growth rate during the review period, due to increasing inclination of customer towards vehicle modification and aesthetic enhancement such as engine tuning, suspension upgradation, exhaust system replacement, allow wheel replacement, custom paint & vinyl job and other enhancement. The growing #inclination of automobile owners towards modification and #aesthetic enhancement, due to rise in disposable income and increase penetration of custom modification and #paints garages, is positively impacting the market for global automobile garage equipment market.

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The sales of automotive garage equipment market is increasing globally owing to growing vehicle complexity in modern #automobiles, and increase in demand for vehicle #restoration, modification & upgradation, and increasing #automotive #sales globally. However, the volatility in the price of raw materials is anticipated to hinder the market growth during the review period. Furthermore, the development of the #connected garage equipment and rise in demand for #electric and #hybridvehicles is anticipated to create lucrative growth opportunities for the companies operating in the global market.

The global #automotive #garageequipment industry share has been segregated into component, #garage type and region. Based on component the global market has been fragmented into lifting and hoisting equipment, #diagnostic and #testing equipment, wheel and tire equipment, hand tools and #power tools, #washing equipment, and others. By garage type the global #automobile garage equipment market has been analyzed across OEM-authorized garages and independent garages. Based on region the global market is segmented into North America, Europe, Asia-Pacific, and LAMEA region.

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Hunter Engineering Company

Robert Bosch GmbH

Boston Garage Equipment

Continental AG

Hofmann Megaplan GmbH

Snap-On Incorporated

Mac Tools

SK Tools LLC

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