PUBLISHER: KBV Research | PRODUCT CODE: 1431322
PUBLISHER: KBV Research | PRODUCT CODE: 1431322
LAMEA 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 Latin America, Middle East and Africa Automotive Garage Equipment Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030).
Augmented Reality (AR) technology is used for technician training and real-time guidance during maintenance procedures. AR overlays digital information onto the physical workspace, offering step-by-step instructions and enhancing the efficiency and accuracy of repairs. With the rise of electric and hybrid vehicles, there is a growing demand for specialized garage equipment designed to cater to the unique needs of these vehicles. This includes tools for battery diagnostics, charging equipment, and safety measures for high-voltage components. Garage equipment manufacturers are focusing on designing modular and scalable solutions.
AI is being increasingly used in diagnostic tools to enhance accuracy and speed. AI-powered diagnostic systems can analyze complex data sets and provide more precise information about the condition of different vehicle systems, aiding technicians in identifying and addressing issues. Workshop management systems are becoming more sophisticated, integrating inventory tracking, appointment scheduling, and customer relationship management features. These systems aim to streamline administrative tasks and enhance the overall efficiency of garage operations. There is a trend toward developing garage equipment with user-friendly interfaces.
According to the Dubai Water and Electricity Authority, the number of EVs in Dubai is predicted to be about 7,331 in 2023 and 12,852 by 2025. This supports Dubai's Green Mobility Strategy 2030, which mandates that by 2030, 30% of public sector vehicles and 10% of all new vehicle sales will be electric or hybrid. The increasing number of EV charging stations in the UAE requires maintenance and periodic servicing. Electric vehicles often feature advanced electronic systems and components in the UAE. Automotive garage equipment, such as sophisticated diagnostic tools capable of interfacing with EV control units and communication protocols, becomes essential for accurate problem identification and resolution in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Automotive Garage Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $591.3 million by 2030. The Argentina market is showcasing a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Automotive Garage Equipment Market, by Garage Type
- 1.4.2 LAMEA Automotive Garage Equipment Market, by Equipment Type
- 1.4.3 LAMEA 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. LAMEA Automotive Garage Equipment Market by Garage Type
- 5.1 LAMEA Independent Garages Market by Country
- 5.2 LAMEA OEM Authorized Garages Market by Country
Chapter 6. LAMEA Automotive Garage Equipment Market by Equipment Type
- 6.1 LAMEA Wheel & Tire Equipment Market by Country
- 6.2 LAMEA Lifting & Hoisting Equipment Market by Country
- 6.3 LAMEA Diagnostic & Testing Equipment Market by Country
- 6.4 LAMEA Washing Equipment Market by Country
- 6.5 LAMEA Hand Tools & Power Tools Market by Country
- 6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Automotive Garage Equipment Market by Country
- 7.1 Brazil Automotive Garage Equipment Market
- 7.1.1 Brazil Automotive Garage Equipment Market by Garage Type
- 7.1.2 Brazil Automotive Garage Equipment Market by Equipment Type
- 7.2 Argentina Automotive Garage Equipment Market
- 7.2.1 Argentina Automotive Garage Equipment Market by Garage Type
- 7.2.2 Argentina Automotive Garage Equipment Market by Equipment Type
- 7.3 UAE Automotive Garage Equipment Market
- 7.3.1 UAE Automotive Garage Equipment Market by Garage Type
- 7.3.2 UAE Automotive Garage Equipment Market by Equipment Type
- 7.4 Saudi Arabia Automotive Garage Equipment Market
- 7.4.1 Saudi Arabia Automotive Garage Equipment Market by Garage Type
- 7.4.2 Saudi Arabia Automotive Garage Equipment Market by Equipment Type
- 7.5 South Africa Automotive Garage Equipment Market
- 7.5.1 South Africa Automotive Garage Equipment Market by Garage Type
- 7.5.2 South Africa Automotive Garage Equipment Market by Equipment Type
- 7.6 Nigeria Automotive Garage Equipment Market
- 7.6.1 Nigeria Automotive Garage Equipment Market by Garage Type
- 7.6.2 Nigeria Automotive Garage Equipment Market by Equipment Type
- 7.7 Rest of LAMEA Automotive Garage Equipment Market
- 7.7.1 Rest of LAMEA Automotive Garage Equipment Market by Garage Type
- 7.7.2 Rest of LAMEA 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 LAMEA Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA 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 LAMEA Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 7 LAMEA Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 8 LAMEA Independent Garages Market by Country, 2019 - 2022, USD Million
- TABLE 9 LAMEA Independent Garages Market by Country, 2023 - 2030, USD Million
- TABLE 10 LAMEA OEM Authorized Garages Market by Country, 2019 - 2022, USD Million
- TABLE 11 LAMEA OEM Authorized Garages Market by Country, 2023 - 2030, USD Million
- TABLE 12 LAMEA Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 13 LAMEA Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 14 LAMEA Wheel & Tire Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 15 LAMEA Wheel & Tire Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 16 LAMEA Lifting & Hoisting Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 17 LAMEA Lifting & Hoisting Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 18 LAMEA Diagnostic & Testing Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 19 LAMEA Diagnostic & Testing Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 20 LAMEA Washing Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 21 LAMEA Washing Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 22 LAMEA Hand Tools & Power Tools Market by Country, 2019 - 2022, USD Million
- TABLE 23 LAMEA Hand Tools & Power Tools Market by Country, 2023 - 2030, USD Million
- TABLE 24 LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 25 LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 26 LAMEA Automotive Garage Equipment Market by Country, 2019 - 2022, USD Million
- TABLE 27 LAMEA Automotive Garage Equipment Market by Country, 2023 - 2030, USD Million
- TABLE 28 Brazil Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 29 Brazil Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 30 Brazil Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 31 Brazil Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 32 Brazil Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 33 Brazil Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 34 Argentina Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 35 Argentina Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 36 Argentina Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 37 Argentina Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 38 Argentina Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 39 Argentina Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 40 UAE Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 41 UAE Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 42 UAE Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 43 UAE Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 44 UAE Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 45 UAE Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 46 Saudi Arabia Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 47 Saudi Arabia Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 48 Saudi Arabia Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 49 Saudi Arabia Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 50 Saudi Arabia Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 51 Saudi Arabia Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 52 South Africa Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 53 South Africa Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 54 South Africa Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 55 South Africa Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 56 South Africa Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 57 South Africa Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 58 Nigeria Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 59 Nigeria Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 60 Nigeria Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 61 Nigeria Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 62 Nigeria Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 63 Nigeria Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 64 Rest of LAMEA Automotive Garage Equipment Market, 2019 - 2022, USD Million
- TABLE 65 Rest of LAMEA Automotive Garage Equipment Market, 2023 - 2030, USD Million
- TABLE 66 Rest of LAMEA Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
- TABLE 67 Rest of LAMEA Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
- TABLE 68 Rest of LAMEA Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
- TABLE 69 Rest of LAMEA Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
- TABLE 70 Key Information - Stanley Black & Decker, Inc.
- TABLE 71 Key Information - ISTOBAL S.A.
- TABLE 72 key information - Snap-on Incorporated
- TABLE 73 Key Information - Robert Bosch GmbH
- TABLE 74 Key Information - VisiCon Automatisierungstechnik GmbH
- TABLE 75 Key Information - Symach s.r.l.
- TABLE 76 key information - Dover Corporation
- TABLE 77 Key Information - MAHA Maschinenbau Haldenwang GmbH & Co. KG
- TABLE 78 Key Information - Continental AG
- TABLE 79 Key Information - Hunter Engineering Company
