Automotive Garage Equipment Market Global Industry Review 2019 To 2025
Posted: Aug 25, 2019
The global automotive garage equipment market is anticipated to garner a CAGR of 4.22% during the forecast period (2019-2025), Market Research Future (MRFR) unveils in a detailed report.
The global automotive garage equipment market has witnessed a tectonic surge over the past few years. The advent of gas tester and diagnostic programs by several automotive garage equipment manufacturers to meet the requirements of modern garages, like fast vehicle identification, reliable fault diagnoses, and comprehensive data are estimated to propel the automotive garage equipment market growth in the foreseeable future. Strict government mandates, along with the surging demand to control the increasing level of exhaust emissions by removing diesel particulate traps, are expected to augment the market growth globally.
The surging sales of vehicles, along with rising urbanization, are driving the automotive garage equipment market to a large extent. The growth of the market is further credited to the current boom in the automotive sector. The rising awareness regarding vehicle safety and vehicle maintenance among owners are likely to drive the market growth during the review period. Moreover, the growing preference for vehicle customization, coupled with the growing number of technical inspection centers, vehicle maintenance & repair garages, and body shops are estimated to propel its growth.
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The Prominent Players operating in the global automotive garage equipment market are Istobal S.A. (US), Robert Bosch GmbH (Germany), Gray Manufacturing Company, Inc. (US), Continental AG (Germany), Aro Equipments Pvt. Ltd (India), Nussbaum Automotive Solutions Lp (US), Vehicle Service Group (US), MAHA Mechanical Engineering Haldenwang GmbH & Co. KG (Germany), Guangzhou Jingjia Auto Equipment Co., Ltd (China), Boston Garage Equipment Ltd (UK), VisiCon Automatisierungstechnik GmbH (Germany), and Arex Test Systems B.V. (Netherlands).
In 2017, Bosch introduced a new hi-tech contact-free wheel alignment unit, FWA 9000. This innovative 3D technology helps measure all 4 wheels quickly, accurately, and simultaneously, while also estimating wheel alignment in just few seconds. FWA 9000 was designed for high loading workshops and garages and does not require additional space.
In 2019, The Hofmann introduced monty 1675 Swing Arm Tire Change that is integrated with smartSpeed technology, which automatically minimizes risk of damage to tires. This equipment optimizes the torque applied to the wheel and sets the maximum rotation speed of the wheel from seven to 18 RPMs for maximum productivity.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive garage equipment market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both, historical market values and pricing and cost analysis.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar