Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on automotive garage equipment
market provides in-depth analysis of segments and sub-segments in the global as
well as regional automotive garage equipment market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional automotive garage equipment market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of global automotive garage equipment market. According to the report,
the global automotive garage equipment market is projected to grow at a CAGR of
4.24% over the forecast period of 2019-2025.
Increasing
technological advancements are changing the automotive garage equipment market,
which enables its operators to work efficiently. In January 2019, WORKY’s
touchless exhaust extraction system was adopted by the Porsche Center Tonbridge
at its new flagship dealership. This system is the most advanced exhaust gases
extracting solution that extracts the gases regardless of the size and position
of the exhaust pipes. An increase in the number of OEM dealerships is the most
noticeable trend witnessed in the market.
The increase
in the population led to a high demand for transportation, which fueled the
growth of the automotive industry. This is the major driving factor for the
growth of the automotive garage equipment market. Moreover, increasing
pollution levels have led the governments to implement stringent regulation on
vehicle emissions. This encourages customers to maintain and repair their
vehicles timely in order to reduce the emission and also improve the fuel
efficiency of the vehicle. These government regulations boost the growth of the
automotive garage equipment market. Furthermore, people are becoming aware of
the fuel efficiency and life of the vehicle, which is directly related to the
proper maintenance of the vehicle. This has increased the demand for automotive
garage equipment. However, the higher cost related to the maintenance and
repair of some vehicles is the major restraining factor of the automotive
garage equipment market. Nevertheless, increasing penetration of OEM franchise
and up gradation of the existing independent garages is anticipated to offer
favorable opportunities to the players in the market.
In terms of
region, Asia-Pacific generated the highest revenue for the automotive garage
equipment, dominating the global market. The largest market share of the
Asia-Pacific region attributed to a large number of independent garages and the
presence of leading OEM dealerships. Moreover, the high production and sale of
passenger cars and light commercial vehicles in the Asia-Pacific region are
anticipated to boost the automotive garage equipment market in this region.
The report on
global automotive garage equipment market covers segments such as type, garage
type, and vehicle type. On the basis of type, the sub-markets include
lifting equipment, testing equipment, diagnostic instruments, wheel & tire
service equipment, and washing equipment. On the basis of garage type, the
sub-markets include OEM dealership, and independent garage. On the basis of
vehicle type, the sub-markets include passenger cars, and commercial
vehicle.
The report
provides profiles of the companies in the market such as Istobal S.A., Robert
Bosch GmbH, Continental AG, Gray Manufacturing Company, Inc., Arex Test Systems
B.V., Nussbaum Automotive Solutions Lp, Guangzhou Jingjia Auto Equipment Co.,
Ltd, Boston Garage Equipment Ltd, Vehicle Service Group, LLC, Aro Equipments
Pvt. Ltd., and Other Companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of automotive garage equipment market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
Please Choose One of them.