Garage Equipment Market worth $10.7 billion by 2027
                     MarketsandMarkets 
Presents
Garage Equipment Market worth $10.7 billion by 
2027
https://www.marketsandmarkets.com/Market-Reports/garage-equip
ment-market-27815176.html
 
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..
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Browse 56 market data Tables and 46 Figures spread through 
122 Pages and in-depth TOC on "Garage Equipment Market ”
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equipment.asp
 
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.
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6
 
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
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176
 
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