Garage Equipment Market worth $10.7 billion by 2027

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MarketsandMarkets Presents

Garage Equipment Market worth 10.7 billion by
2027
https//www.marketsandmarkets.com/Market-Reports/g
arage-equipment-market-27815176.html
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The report "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" The global
garage equipment market is projected to grow from
USD 6.1 billion in 2019 to USD 10.7 billion by
2027, at a CAGR of 7.4. The growth of the garage
equipment market is driven by the rising number
of on-road vehicles, sales of electric vehicles,
installation of advanced features in vehicles,
and high implementation of connectivity
services.. Get the PDF Brochure For This
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Tables and 46 Figures spread through 122 Pages
and in-depth TOC on "Garage Equipment Market
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rage-equipment.asp
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Passenger car is expected to be the largest
segment of the market The passenger car segment
is expected to be the largest market during the
forecast period. The adoption of sensors and
utilization of vehicle data for assisted driving
and predictive maintenance have created a broader
scope for automotive workshops. More timely
maintenance will increase the demand for advanced
garage equipment in the future. Also, growing
customer demand for safer and comfortable
passenger vehicles has compelled OEMs to
incorporate more in vehicle safety, advanced
connectivity features, and smart infotainment
systems. Such advanced electronics will require a
periodic diagnosis for proper functioning,
leading to demand advanced diagnostic tools in
the future. OEM launched vehicles with essential
safety features such as collision avoidance
system, automotive night vision, anti-lock
braking system, and adaptive cruise control to
comply with the latest safety standards. The
automakers are expected to incorporate such
safety features in the base and mid variants of
upcoming vehicles due to consumer demand for
safer vehicles. Hence, the demand for various
automotive garage equipment is expected to
increase. Request Sample of the
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Lifting equipment is expected to lead the
automotive garage equipment market The lifting
equipment is the most frequently used and
must-have equipment for an automotive workshop.
This equipment helps technicians in performing
repairs and diagnostics easily and efficiently.
Equipment manufacturers offer vehicle lifts with
enormous configurations and customizations to
best suit the garage demands. For instance, two
posts, four-post, in-ground lifts, scissor lifts,
low rise lifts are offered to be used for
passenger vehicles. Additionally, mobile column
lifts and parallelogram lifts are used for
commercial vehicles. The global Garage Equipment
Market is dominated by major players such as 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), Boston Garage Equipment Ltd (UK) and
many others Speak to Analyst _at_
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w.asp?id27815176
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