PUBLISHER: KBV Research | PRODUCT CODE: 1431319
PUBLISHER: KBV Research | PRODUCT CODE: 1431319
North America Automotive Garage Equipment Market Size, Share & Trends Analysis Report By Garage Type (Independent Garages, and OEM Authorized Garages), By Equipment Type, By Country and Growth Forecast, 2023 - 2030
The North America Automotive Garage Equipment Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
Automotive garage equipment refers to tools and machinery used in automotive repair shops, service centres, and garages. These tools are essential for diagnosing, maintaining, and repairing vehicles. Modern vehicles have advanced technologies, electronics, and intricate mechanical components. As a result, these needs to evolve to address the complexity of these vehicles. Adopting diagnostic tools, computerized systems, and specialized equipment is essential to effectively identify and address issues within the intricate systems of contemporary automobiles. The automotive fleet is expanding, and vehicles on the road are aging.
Consumer expectations regarding the quality and efficiency of automotive services are higher than ever. Customers are inclined towards service providers employing advanced equipment for quicker diagnostics, precise repairs, and enhanced service quality. Automotive service centres invest in cutting-edge technology to fulfil these expectations and maintain their competitive edge. The increasing popularity of electric and hybrid vehicles introduces new challenges and opportunities for the automotive service industry. Service providers need to adapt and invest in specialized equipment to cater to the unique requirements of these alternative propulsion systems.
As per the International Trade Administration, Mexico City is the world's fifth most populous city, with 21 million people and 33.4 million vehicles. In 2018, Mexico recorded a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. 955,393 electric and hybrid vehicles were sold in 2019 from January through September. The growth of electric vehicles in Mexico necessitates the development of a robust charging infrastructure. Automotive garage equipment, such as charging station installation tools and diagnostics for EV charging systems, becomes essential for servicing and maintaining this infrastructure in Mexico. The increasing number of EV charging stations in Mexico requires maintenance and periodic servicing in Mexico. With the rise of electric vehicles, there is a growing need for training programs to educate technicians on EV maintenance and repair in Mexico. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Others Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $430.9 million by 2030. The Canada market is experiencing a CAGR of 10.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2023 - 2030).
Based on Garage Type, the market is segmented into Independent Garages, and OEM Authorized Garages. Based on Equipment Type, the market is segmented into Wheel & Tire Equipment, Lifting & Hoisting Equipment, Diagnostic & Testing Equipment, Washing Equipment, Hand Tools & Power Tools, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Stanley Black & Decker, Inc.
- ISTOBAL S.A.
- Snap-on Incorporated
- Robert Bosch GmbH
- VisiCon Automatisierungstechnik GmbH
- Symach s.r.l.
- Dover Corporation
- MAHA Maschinenbau Haldenwang GmbH & Co. KG
- Continental AG
- Hunter Engineering Company
North America Automotive Garage Equipment Market Report Segmentation
By Garage Type
- Independent Garages
- OEM Authorized Garages
By Equipment Type
- Wheel & Tire Equipment
- Lifting & Hoisting Equipment
- Diagnostic & Testing Equipment
- Washing Equipment
- Hand Tools & Power Tools
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Automotive Garage Equipment Market, by Garage Type
- 1.4.2 North America Automotive Garage Equipment Market, by Equipment Type
- 1.4.3 North America Automotive Garage Equipment Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Mergers & Acquisition: 2019, Aug - 2024, Jan) Leading Players
- 4.3.3 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov - 2024, Jan) Leading Players
- 4.4 Porter's Five Forces Analysis
Chapter 5. North America Automotive Garage Equipment Market by Garage Type
- 5.1 North America Independent Garages Market by Country
- 5.2 North America OEM Authorized Garages Market by Country
Chapter 6. North America Automotive Garage Equipment Market by Equipment Type
- 6.1 North America Wheel & Tire Equipment Market by Country
- 6.2 North America Lifting & Hoisting Equipment Market by Country
- 6.3 North America Diagnostic & Testing Equipment Market by Country
- 6.4 North America Washing Equipment Market by Country
- 6.5 North America Hand Tools & Power Tools Market by Country
- 6.6 North America Others Market by Country
Chapter 7. North America Automotive Garage Equipment Market by Country
- 7.1 US Automotive Garage Equipment Market
- 7.1.1 US Automotive Garage Equipment Market by Garage Type
- 7.1.2 US Automotive Garage Equipment Market by Equipment Type
- 7.2 Canada Automotive Garage Equipment Market
- 7.2.1 Canada Automotive Garage Equipment Market by Garage Type
- 7.2.2 Canada Automotive Garage Equipment Market by Equipment Type
- 7.3 Mexico Automotive Garage Equipment Market
- 7.3.1 Mexico Automotive Garage Equipment Market by Garage Type
- 7.3.2 Mexico Automotive Garage Equipment Market by Equipment Type
- 7.4 Rest of North America Automotive Garage Equipment Market
- 7.4.1 Rest of North America Automotive Garage Equipment Market by Garage Type
- 7.4.2 Rest of North America Automotive Garage Equipment Market by Equipment Type
Chapter 8. Company Profiles
- 8.1 Stanley Black & Decker, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 ISTOBAL S.A.
- 8.2.1 Company Overview
- 8.2.2 Recent strategies and developments:
- 8.2.2.1 Product Launches and Product Expansions:
- 8.2.2.2 Acquisition and Mergers:
- 8.2.3 SWOT Analysis
- 8.3 Snap-on Incorporated
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Engineering Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.5.3 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Robert Bosch GmbH
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 VisiCon Automatisierungstechnik GmbH
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Symach s.r.l.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Dover Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional & Segmental Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Product Launches and Product Expansions:
- 8.7.5.2 Acquisition and Mergers:
- 8.7.6 SWOT Analysis
- 8.8 MAHA Maschinenbau Haldenwang GmbH & Co. KG
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 Continental AG
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. Hunter Engineering Company
- 8.10.1 Company Overview
- 8.10.2 Recent strategies and developments:
- 8.10.2.1 Partnerships, Collaborations, and Agreements:
- 8.10.3 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 2 North America Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Automotive Garage Equipment Market
- TABLE 4 Product Launches And Product Expansions- Automotive Garage Equipment Market
- TABLE 5 Acquisition and Mergers- Automotive Garage Equipment Market
- TABLE 6 North America Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 7 North America Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 8 North America Independent Garages Market by Country, 2019 - 2022, USD Million
- TABLE 9 North America Independent Garages Market by Country, 2023 - 2030, USD Million
- TABLE 10 North America OEM Authorized Garages Market by Country, 2019 - 2022, USD Million
- TABLE 11 North America OEM Authorized Garages Market by Country, 2023 - 2030, USD Million
- TABLE 12 North America Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 13 North America Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 14 North America Wheel & Tire Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 15 North America Wheel & Tire Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 16 North America Lifting & Hoisting Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 17 North America Lifting & Hoisting Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 18 North America Diagnostic & Testing Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 19 North America Diagnostic & Testing Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 20 North America Washing Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 21 North America Washing Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 22 North America Hand Tools & Power Tools Market by Country, 2019 - 2022, USD Million
- TABLE 23 North America Hand Tools & Power Tools Market by Country, 2023 - 2030, USD Million
- TABLE 24 North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 25 North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 26 North America Automotive Garage Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 27 North America Automotive Garage Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 28 US Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 29 US Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 30 US Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 31 US Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 32 US Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 33 US Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 34 Canada Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 35 Canada Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 36 Canada Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 37 Canada Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 38 Canada Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 39 Canada Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 40 Mexico Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 41 Mexico Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 42 Mexico Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 43 Mexico Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 44 Mexico Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 45 Mexico Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 46 Rest of North America Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 47 Rest of North America Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 48 Rest of North America Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 49 Rest of North America Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 50 Rest of North America Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 51 Rest of North America Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 52 Key Information - Stanley Black & Decker, Inc.
- TABLE 53 Key Information - ISTOBAL S.A.
- TABLE 54 key information - Snap-on Incorporated
- TABLE 55 Key Information - Robert Bosch GmbH
- TABLE 56 Key Information - VisiCon Automatisierungstechnik GmbH
- TABLE 57 Key Information - Symach s.r.l.
- TABLE 58 key information - Dover Corporation
- TABLE 59 Key Information - MAHA Maschinenbau Haldenwang GmbH & Co. KG
- TABLE 60 Key Information - Continental AG
- TABLE 61 Key Information - Hunter Engineering Company
