The automotive garage equipment market is projected to reach USD 10.7 billion by 2027 from USD 6.1 billion in 2019, at a CAGR of 7.4%. The growth of the market is driven by the inclusion of refined engines, increasing demand for connectivity services, the introduction of advanced safety features, and preventive maintenance in the automotive industry.
The leading players in the automotive garage equipment market are Arex Test Systems B.V. (Netherland), Gray Manufacturing Company Inc (US), Snap-On Incorporated (US), Vehicle Service Group (US), Robert Bosch (Germany), Continental AG (Germany), Maha Maschinenbau Haldenwang GmbH & Co. (Germany), and Boston Garage Equipment Ltd. (UK), among others. These companies have developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth market.
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Arex Test Systems B.V. (Netherland) is a leading player in the automotive garage equipment market. The company designs and develops brake test benches, exhaust gas tester, headlamp tester, and wheel lift under its garage equipment division. Arex is the exclusive importer for two Italian garage equipment manufacturers OMCN SpA and Sice automotive. In May 2019, OMCN unveiled a newly developed lift model 190/EV, specially designed for electric vehicles. This lift would help to install and to remove battery packs easy for electric vehicles.
Snap-On Incorporated (US) offers garage equipment for workshops under its John Bean and HOFMANN brands. In July 2019, John Bean launched a new swing arm tire changer called John Bean T2545T. It is ideal for handling passenger cars and light trucks due to its compact design, easy, and quick set up.
Continental AG (Germany) offers diagnostic tools in the garage equipment market. In February 2019, Continental launched TPMS GO, an entry-level service tool for tire pressure monitoring systems (TPMS). According to the company, this new device would be practical, rugged, and economical as workshop equipment.
Robert Bosch (Germany) is another major player in this industry. In September 2018, Bosch launched a new diesel test bench called DCI 700 with a new measurement system for latest injector technologies. The equipment comes ergonomic design and intuitive operator guide for efficient testing.
Garage Equipment Market by Type (OEM, Independent), Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing), Installation (Mobile, Fixed), Function (Mechanical, Electronic), Vehicle, and Region - Global Forecast to 2027
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