Saudi Arabia Automotive Garage Equipment Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

The country research report on Saudi Arabia automotive garage equipment market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the automotive garage equipment market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the automotive garage equipment market in Saudi Arabia. 

Market Insight

Saudi Arabia automotive garage equipment market is projected to grow from USD 72.0 million in 2022 to USD 104.0 million by 2030, at a CAGR of 4.9% in 2023-2030. Motor vehicles require proper maintenance and repair to safeguard efficient and proper operation. Qualified and experienced technical staff providing quick attention and good workmanship coupled with satisfactory repair works through reasonable charges with the usage of car tools and automotive tools help garages to uphold their reputation in this competitive market. Further, a garage where vehicles are stored and repaired must be well fortified for providing washing, lubrication, and tire and battery services. Specialized equipment, for example, lifting tackle, vehicle lifts, tire inflation, tire changing machines, and wheel balancing machines, together with different types of fixtures, tools, and jigs are the equipment available in an automotive garage. 

An upsurge in the sale of vehicles across the country has escalated the overall market growth in recent years. Strict emission norms by regulatory bodies are boosting the market of emission-related equipment, such as smoke meters, gas analyzers, and others. Furthermore, the digitalization of automotive systems is growing at a significant pace, which requires diagnostic tools for diagnosing and repairing systems, for example, advanced driver assistance system (ADAS), instrument console of the vehicle, and functionality of the digital locks and sensors. Garages are likely to require superior capacity for the fabrication of vehicles due to the rising concern about vehicle maintenance and modification. This, in turn, is projected to boost the automotive garage equipment market in the country during the forecast period. However, the continue counterfeiting of garage equipment are expected to hamper the market growth in the near future. 

The spread of COVID-19 has had a serious impact on the economy of Saudi Arabia. As of February 2021, Saudi Arabia registered more than 380 thousand total COVID-19 cases. Along with being health crisis, the COVID-19 pandemic has created economic instability in the country. Lockdowns, travel restrictions, drop in oil prices, interruption in the supply chain, and other factors drastically affected the demand-supply gap and slowed growth across industries, including the automotive and related industries. The demand for garage equipment has been severely affected by the spread of the COVID-19 pandemic. According to the International Organization of Motor Vehicle Manufacturers data, the sale of vehicles fell by more than 35% in March 2020. Moreover, new car sales were estimated to have declined by more than 25% in the year 2020, as consumers in the country deferring vehicle purchases. 

Segments Covered

The report on Saudi Arabia automotive garage equipment market provides a detailed analysis of segments in the market based on type, garage type, and vehicle type. 

Segmentation Based on Type

·        Lifting Equipment

·        Testing Equipment

·        Diagnostic Instruments

·        Wheel & Tire Service Equipment

·        Washing Equipment 

Segmentation Based on Garage Type

·        OEM Dealership

·        Independent Garage 

Segmentation Based on Vehicle Type

·        Passenger Cars

·        Commercial Vehicle 

Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the automotive garage equipment market

 2) Factor affecting the automotive garage equipment market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in the automotive garage equipment market and their competitive position in Saudi Arabia

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Saudi Arabia) automotive garage equipment market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 The report answers questions such as:

 1) What is the market size of the automotive garage equipment market in Saudi Arabia?

 2) What are the factors that affect the growth in automotive garage equipment market over the forecast period?

 3) What is the competitive position in Saudi Arabia automotive garage equipment market?

 4) What are the opportunities in Saudi Arabia automotive garage equipment market?

 5) What are the modes of entering Saudi Arabia automotive garage equipment market?