Garage Equipment Market Figures is now released by Data Bridge Market Research. Garage Equipment Market report presents a complete assessment of covering future trend, Latest Trend, current growth factors, facts, and industry validated market data forecast till 2026. The report provides an in-depth analysis of the latest trends, business scenario, size and share of Major Competitors such as Arex Test Systems bv; Euro Car Parts Ltd T/A LKQ Coatings; Aro Equipments Pvt. Ltd; ISTOBAL; Con Air Equipments Private Limited; Oil Lube Systems Pvt Ltd.; Gray Manufacturing; AUTEC, Inc. among others.
Global garage equipment market is expected to rise to an estimated value of USD 8.96 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the shifting of individual preference increasing the levels of customization in vehicles.
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Market Drivers and Restraints:
- Rising focus on sale of second-hand/pre-owned vehicles will boost the market growth
- Presence of various mandates and regulations regarding the scheduled and regular inspection of vehicles is also driving the growth of this market
- Increasing volume of automotive present on the road worldwide is expected to drive the growth of the market
- Availability of original equipment parts at a lower cost is expected to restrict the rate of garage uses and repair activities will restrict the market growth
- High costs associated with the maintenance and repairing of luxury vehicles is expected to restrict the growth of the market
Few of the major competitors currently working in the global garage equipment market are MAHA Maschinenbau Haldenwang GmbH & Co. KG; Snap-on Incorporated; Robert Bosch GmbH; Continental AG; Vehicle Service Group; VisiCon Automatisierungstechnik GmbH; Standard Tools and Equipment Co.; Symach s.r.l.; Otto Nußbaum GmbH & Co. KG; M/s Samvit Garage Equipments; Sarveshwari Engineers; Guangzhou Jingjia Auto Equipment Co., Ltd.; Boston Garage Equipment Ltd; among others.
Segmentation:
- By Garage Type (OEM Authorized Garage, Independent Garage, Franchise Garages), Installation Type (Mobile, Fixed),
- By Function Type (Electronic, Mechanical),
- By Equipment Type (Body Shop Equipment, Diagnostic & Test Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel & Tire Equipment, Others),
- By Vehicle Type (Passenger Vehicles, Commercial Vehicles),
- Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
Competitive Landscape:
Global garage equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of garage equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
- Recent industry trends and developments
- Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
- To gain insightful analyses of the market and have a comprehensive understanding of the “Garage Equipment Market” and its commercial landscape
- To understand the future outlook and prospects for market analysis and forecast 2018-2025.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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