Dublin, June 06, 2024 (GLOBE NEWSWIRE) -- The "Automotive Garage Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

The global automotive garage equipment market is expected to reach an estimated $11.5 billion by 2030 with a CAGR of 5.3% from 2024 to 2030.

The major drivers for this market are rising trend of digitalization of the automotive industry, growing adoption of electric vehicles, and technological advancements in vehicle safety systems. The future of the global automotive garage equipment market looks promising with opportunities in the body shop equipment, diagnostic & testing equipment, emission equipment, lifting equipment, washing equipment, and wheel & tire equipment markets.

The study includes a forecast for the global automotive garage equipment by garage type, vehicle type, application, and region.

Automotive Garage Equipment Market [Shipment Analysis by Value from 2018 to 2030] by:

Garage Type

  • Original Equipment Manufacturer Authorized Garage
  • Independent Garage

Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Application

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

Region

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Automotive Garage Equipment Market Insights

  • Independent garage is expected to witness the higher growth over the forecast period due to the rising cost of maintenance and repairs in OEM-approved garages.
  • Within this market, emission equipment is expected to witness the highest growth due to strong demand for testing and repair equipment.
  • North America will remain the largest region over the forecast period due to the nation's large customer base and increasing inclination towards technological advancements and the development of fuel-efficient vehicles.

Some of the automotive garage equipment companies profiled in this report include:

  • Dover Corporation
  • Continental
  • CEMB
  • Robert Bosch
  • V-Tech
  • Fortive Corporation
  • Istobal

Features of the Global Automotive Garage Equipment Market

  • Market Size Estimates: Automotive garage equipment market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Automotive garage equipment market size by garage type, vehicle type, application, and region in terms of value ($B).
  • Regional Analysis: Automotive garage equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different garage types, vehicle types, applications, and regions for the automotive garage equipment market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive garage equipment market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

For more information about this report visit https://www.researchandmarkets.com/r/8m4cf9

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