Automotive Garage
Equipment Market Growth Potential & Forecast,
2032

Automotive
Garage Equipment Market is projected to accrue USD 13.5 billion by 2032. The
rising global vehicle population and the increasing demand for regular vehicle
maintenance and repair services will favor the market growth. As per
International Energy Agency (IEA), in 2023, nearly 14 million new electric cars
were registered worldwide, increasing the total number of electric vehicles on
the roads to 40 million. With more people owning and using cars, the need for
efficient and well-equipped automotive garages is growing correspondingly.

Rapid advancement
of automotive technologies, including electric and hybrid vehicles is also
necessitating specialized garage equipment for servicing and repairs. As the
automotive industry evolves, garage manufacturers are eyeing innovations to
meet the specific needs of these new types of vehicles. Government regulations
and standards regarding emissions and safety are becoming increasingly
stringent, making way for advanced equipment for compliance testing and
maintenance. Increasing number of automotive factories and manufacturing
facilities, especially in developing regions is also driving the market growth.

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Automotive garage
equipment market from the OEM authorized garage segment will register
noteworthy CAGR from 2024 to 2032. As these facilities are required to meet
stringent standards set by vehicle manufacturers, they make  use of high-quality, specialized equipment. With
customers preferring authorized service centers for their expertise,
reliability and genuine parts handling, these garages are investing heavily in
state-of-the-art inspection equipment, lifts, filling machines, and other
advanced equipment to ensure the highest level of performance.

Automotive garage
equipment industry from the body shop equipment segment may exhibit a decent
growth rate over 2024-2032 due to the rising incidence of vehicular accidents
and the increasing demand for aesthetic vehicle repairs and customizations. Lately,
the preferences of consumers is shifting towards maintaining the appeal and
resale value of their vehicles.  The increasing
demand for advanced body shop equipment, such as paint booths, dent pullers and
welding machines will add to the segment growth.

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Europe automotive
garage equipment industry size will register a robust CAGR from 2024 to 2032. The
stringent regulatory standards and increasing emphasis on vehicle safety and
emissions control in European countries is propelling the demand for advanced
diagnostic and maintenance equipment in automotive garages. The rapid
deployment of electric and hybrid vehicles in the region is necessitating specialized
garage equipment for service and maintenance. Leading automobile manufacturers
and the strong aftermarket network in Europe will also support the demand for
sophisticated garage equipment, such as lifts, wheel mounting devices and
inspection equipment.

Partial chapters of
report table of contents (TOC):

Chapter
1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates and calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimates

1.3    Forecast model

1.4    Primary research & validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market definitions

Chapter
2   Executive Summary

2.1    Industry 360⁰ synopsis,
2021 - 2032

Chapter
3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Raw material providers

3.2.2    Component supplier

3.2.3    Manufacturers

3.2.4    Distributors

3.2.5    End users

3.3    Profit margin analysis

3.4    Technology & innovation
landscape

3.5    Patent analysis

3.6    Price trend analysis

3.7    Cost structure analysis

3.8    Key news & initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    The rising demand for vehicles
globally

3.10.1.2    The growing aftermarket
automotive sector

3.10.1.3    The average age of vehicles on
the road has been increasing

3.10.1.4    Environmental regulations
mandating emission testing and vehicle inspection

3.10.2    Industry pitfalls &
challenges

3.10.2.1    Cost constraints

3.10.2.2    The shortage of skilled
automotive technicians and mechanics

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

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