Automotive Garage Equipment Market By Equipment Type, By Garage Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

Automotive garage equipment consist of specialized machinery and tools that are used for repair, maintenance, and modification of vehicles. This equipment is essential to perform routine maintenance and servicing of vehicles to make them perform efficiently and improve their overall performance. Automotive garage equipment may include handheld tools, power tools or specialized machinery to carry out dedicated work in a vehicle. The automotive garage equipment market is driven by increase in automobile sales globally, increase in demand for vehicle restoration, modification, and upgradation, and increase in vehicle complexity and advancement in automotive garage equipment. Moreover, the volatility in prices of raw materials is hampering the growth of the market. However, development of connected garage equipment and rise in demand for electric vehicles (EVs) and hybrid vehicles are anticipated to create a lucrative growth opportunity for companies operating in the automotive garage equipment market.

Automotive Garage Equipment Market - IMG1

Increase sales of privately owned cars, particularly in the developing countries of Asia-Pacific and Latin America is creating more demand for its maintenance and service. Furthermore, due to increase in government focus on promoting the use of electric vehicles, alternative fuel vehicles, and hybrid vehicle, sales of vehicles have further increased, and due to the high complexity of these vehicles, the demand for its maintenance and service has increased; thus, driving the demand for garage equipment.

Modern automobiles are becoming advanced in terms of functionality, design, and technology, which has increased the complexity of modern automobiles as they utilize more sensors and other computer-operated electronics and hardware. Due to strengthening government rules and regulations related to increase in vehicle safety, reducing emissions, and increase in fuel efficiency, modern vehicles are equipped with technologies such as ADAS, emergency braking, hybrid powertrains, autonomous driving, advanced infotainment, and others. As automobile manufacturers are integrating more features in an automobile, the vehicle is becoming more and more complex, thus creating more demand for automotive garage equipment.

Many automobile enthusiasts are willing to spend a huge sum of money on the restoration of older car models, mostly from the 70s, 80s, and 90s, such as the older model Cadillac, Buick Roadster, Mercedez Benz, and Mazda RX-7. Automobile enthusiasts and car collectors spend huge amount of money on restoring older-generation cars while incorporating advanced technology and improving their performance. Classic vintage cars also fetch high market value after restoration, thus becoming a valuable asset for the owner. Similarly, there is increasing inclination toward vehicle modifications, which include upgrading car components such as tires, exhaust systems, suspension, modified air intakes, spoilers, full body kits, paint works, and others. Thus, rise in inclination of consumers towards vehicle upgradation and visual enhancement of older generation cars has created increase in demand for automotive garage equipment as they are extensively used in restoration and modification projects.

However, Prices of raw materials such as iron, steel, special alloys, plastics, and other materials used in the production of automotive garage equipment are constantly fluctuating. Also, there are constraints on the quality and sourcing of these raw materials. Automotive garage equipment includes heavy machinery such as lifts, diagnostics tools, and others, which require steel and iron to manufacture. The pricing of these raw materials has a significant impact on the overall price of the component, thus hampering the overall growth of the automotive garage equipment market.

The automotive garage equipment market is segmented into component, garage type, and region. On the basis of component, the market is divided 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 market is segmented into OEM-authorized garages and independent garages. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Furthermore, the market is very competitive with a few big manufactures dominating the overall global market share To maintain their market positions, top companies operating in the market are prioritizing on innovation, product uniqueness, and collaboration with other industry players. The key companies profiled in the market research report are Ravaglioli S.p.A., Robert Bosch GmbH, Continental AG, Mac Tools, Snap-on Incorporated, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Hofmann Megaplan GMbH, Hunter Engineering Company, SK Professional Tools, and Boston Garage Equipment Ltd.

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Upcoming/New Entrant by Regions
New Product Development/ Product Matrix of Key Players
SWOT Analysis

Key Market Segments

By Equipment Type

Lifting and Hoisting Equipment
Diagnostic and Testing Equipment
Wheel and Tire Equipment
Hand Tools and Power Tools
Washing Equipment
Others

By Garage Type

OEM Authorized Garages
Independent Garages

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

SK Tools LLC
MAHA Maschinenbau Haldenwang GmbH & Co. KG
Boston Garage Equipment
Hofmann Megaplan GmbH
ravaglioli.com
Mac Tools
Robert Bosch GmbH
Snap-On Incorporated
Hunter Engineering Company
Continental AG

Product Code: A47735

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate-to-high bargaining power of suppliers
- 3.3.2. Low-to-moderate threat of new entrants
- 3.3.3. Moderate-to-high threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate-to-high bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increasing automobile sales globally
  - 3.4.1.2. Increase in demand for vehicle restoration, modification, and upgradation
  - 3.4.1.3. Increase in vehicle complexity and advancement in automotive garage equipment
- 3.4.2. Restraints
  - 3.4.2.1. Volatility in prices of raw materials
- 3.4.3. Opportunities
  - 3.4.3.1. Development of connected garage equipment
  - 3.4.3.2. Rising Demand for Electric Vehicles (EVs) and Hybrid Vehicles

CHAPTER 4: AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Lifting and Hoisting Equipment
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Diagnostic and Testing Equipment
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Wheel and Tire Equipment
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Hand Tools and Power Tools
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Washing Equipment
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country

CHAPTER 5: AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY GARAGE TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. OEM Authorized Garages
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Independent Garages
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: AUTOMOTIVE GARAGE EQUIPMENT MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Equipment Type
- 6.2.3. Market size and forecast, by Garage Type
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Equipment Type
  - 6.2.4.1.2. Market size and forecast, by Garage Type
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Equipment Type
  - 6.2.4.2.2. Market size and forecast, by Garage Type
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Equipment Type
  - 6.2.4.3.2. Market size and forecast, by Garage Type
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Equipment Type
- 6.3.3. Market size and forecast, by Garage Type
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Equipment Type
  - 6.3.4.1.2. Market size and forecast, by Garage Type
  - 6.3.4.2. UK
  - 6.3.4.2.1. Market size and forecast, by Equipment Type
  - 6.3.4.2.2. Market size and forecast, by Garage Type
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Equipment Type
  - 6.3.4.3.2. Market size and forecast, by Garage Type
  - 6.3.4.4. Italy
  - 6.3.4.4.1. Market size and forecast, by Equipment Type
  - 6.3.4.4.2. Market size and forecast, by Garage Type
  - 6.3.4.5. Russia
  - 6.3.4.5.1. Market size and forecast, by Equipment Type
  - 6.3.4.5.2. Market size and forecast, by Garage Type
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Equipment Type
  - 6.3.4.6.2. Market size and forecast, by Garage Type
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Equipment Type
- 6.4.3. Market size and forecast, by Garage Type
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Equipment Type
  - 6.4.4.1.2. Market size and forecast, by Garage Type
  - 6.4.4.2. India
  - 6.4.4.2.1. Market size and forecast, by Equipment Type
  - 6.4.4.2.2. Market size and forecast, by Garage Type
  - 6.4.4.3. Japan
  - 6.4.4.3.1. Market size and forecast, by Equipment Type
  - 6.4.4.3.2. Market size and forecast, by Garage Type
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Equipment Type
  - 6.4.4.4.2. Market size and forecast, by Garage Type
  - 6.4.4.5. Southeast Asia
  - 6.4.4.5.1. Market size and forecast, by Equipment Type
  - 6.4.4.5.2. Market size and forecast, by Garage Type
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Equipment Type
  - 6.4.4.6.2. Market size and forecast, by Garage Type
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Equipment Type
- 6.5.3. Market size and forecast, by Garage Type
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Latin America
  - 6.5.4.1.1. Market size and forecast, by Equipment Type
  - 6.5.4.1.2. Market size and forecast, by Garage Type
  - 6.5.4.2. Middle East
  - 6.5.4.2.1. Market size and forecast, by Equipment Type
  - 6.5.4.2.2. Market size and forecast, by Garage Type
  - 6.5.4.3. Africa
  - 6.5.4.3.1. Market size and forecast, by Equipment Type
  - 6.5.4.3.2. Market size and forecast, by Garage Type

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. ravaglioli.com
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Robert Bosch GmbH
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Continental AG
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. Mac Tools
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
8.5. Snap-On Incorporated
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
8.6. MAHA Maschinenbau Haldenwang GmbH & Co. KG
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
8.7. Hofmann Megaplan GmbH
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
8.8. Hunter Engineering Company
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
8.9. SK Tools LLC
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Boston Garage Equipment
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Key strategic moves and developments