PUBLISHER: TechSci Research | PRODUCT CODE: 1878868
PUBLISHER: TechSci Research | PRODUCT CODE: 1878868
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The Global Automotive Garage Equipment Market, valued at USD 12.60 Billion in 2024, is projected to experience a CAGR of 5.78% to reach USD 17.65 Billion by 2030. Automotive garage equipment comprises a comprehensive array of specialized tools and machinery essential for the maintenance, diagnosis, and repair of vehicles, spanning from fundamental lifting systems and tire service equipment to advanced electronic diagnostic instruments. The market's expansion is primarily driven by the increasing global vehicle parc and the corresponding demand for consistent vehicle servicing. The growing technological complexity of modern vehicles, incorporating advanced driver assistance systems and electrified powertrains, further necessitates continuous investment in specialized equipment.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 12.60 Billion |
| Market Size 2030 | USD 17.65 Billion |
| CAGR 2025-2030 | 5.78% |
| Fastest Growing Segment | Vehicle Diagnostic & Testing Equipment |
| Largest Market | Asia Pacific |
Key Market Drivers
The global automotive garage equipment market is primarily influenced by the expanding worldwide vehicle parc and new vehicle sales. As the number of vehicles in operation increases, so does the requirement for maintenance, diagnostics, and repair services, necessitating more equipment in service centers. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2023, global automobile production in the Asia-Pacific region surpassed the 55 million-unit mark, representing a 10% year-on-year increase. This growth directly underpins equipment demand. Concurrently, the increasing complexity of advanced vehicle technology also significantly influences the market. Modern vehicles with sophisticated electronic systems and advanced powertrains demand specialized, digitally integrated equipment for precise diagnosis and repair.
Key Market Challenges
A significant impediment to the growth of the Global Automotive Garage Equipment Market is the substantial initial capital investment required for acquiring and maintaining advanced equipment. This expenditure presents a considerable barrier for independent service providers, directly limiting their ability to upgrade existing infrastructure and offer competitive services. As vehicle technology advances, encompassing complex electronic control units and electrified powertrains, the cost of specialized diagnostic instruments and fundamental lifting systems increases.
This financial burden restricts smaller businesses from adopting necessary technologies, potentially leading to a disparity in service capabilities across the market. According to the Automotive Service Association, independent repair facilities allocated an average of 8% of their annual revenue to diagnostic equipment and software maintenance in 2024, representing a significant financial commitment. Such recurring investment, coupled with the frequent need for tool updates due to rapid technological evolution, creates ongoing financial pressure. This limits market expansion by making it difficult for a segment of the service industry to keep pace with modern vehicle repair demands.
Key Market Trends
The rising demand for electric vehicle (EV) service equipment is a primary trend reshaping the global automotive garage equipment market, necessitating specialized tools for maintenance and repair. This includes high-voltage battery diagnostics, charging infrastructure, and insulated safety equipment. According to the European Automobile Manufacturers' Association (ACEA), new battery-electric car sales in the EU reached 869,271 units in the first half of 2025, capturing 15.6% of the market. This growing fleet drives substantial investment, exemplified by Snap-on's October 2024 diagnostic software upgrade, which introduced comprehensive coverage for new EV models including the Tesla S, X, 3, and Y.
In this report, the Global Automotive Garage Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Garage Equipment Market.
Global Automotive Garage Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: