Asia Pacific Automotive Garage Equipment Market

Asia Pacific Automotive Garage Equipment Market Size, Share & Trends Analysis Report By Garage Type (Independent Garages, and OEM Authorized Garages), By Equipment Type, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20291 Publication Date: February-2024 Number of Pages: 121
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Analysis of Market Size & Trends

The Asia Pacific Automotive Garage Equipment Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030).

Safety is paramount in automotive workshops. Safety lifts, exhaust ventilation systems, and personal protective equipment (PPE) contribute to a safe working environment. Automotive garage equipment suppliers may offer training and educational resources to help mechanics and technicians stay updated on the latest technologies and best practices in automotive repair. Specialty tools and equipment cater to specific needs, such as welding machines, diagnostic scopes, and specialty hand tools, enabling mechanics to address various vehicle models and issues. The Internet of Things (IoT) is increasingly integrated into garage equipment, allowing connectivity and data sharing between different tools and devices.

Connected equipment enables real-time monitoring, remote diagnostics, and predictive maintenance, enhancing operational efficiency. Automation and robotics are playing an expanding role in automotive garage operations. Robotic systems are being employed for tasks such as tire changing, wheel alignment, and basic repairs. Automation improves efficiency and addresses the industry's challenges related to the shortage of skilled technicians. There is a growing emphasis on sustainability within the automotive industry, which extends to garage operations. Green practices, such as fluid recycling systems, energy-efficient equipment, and environmentally friendly disposal methods, are becoming more prevalent.

The Asia Pacific region is experiencing extensive urbanization with the expansion of cities and metropolitan areas. This growth results in an increased concentration of vehicles, prompting the establishment and expansion of automotive service centres equipped with advanced garage equipment in Asia Pacific. The Asia Pacific region is a major tourist destination with a thriving tourism industry. The demand for garage equipment is also influenced by the maintenance needs of rental fleets and vehicles used in the tourism sector in Asia Pacific. The urbanization trend encourages the adoption of advanced technologies across various industries, including automotive services in Asia Pacific. Garage equipment manufacturers may introduce technologically advanced tools and systems to cater to the evolving needs of urbanized areas in Asia Pacific. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

The China market dominated the Asia Pacific Automotive Garage Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,213 million by 2030. The Japan market is registering a CAGR of 7.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.4% during (2023 - 2030).

Free Valuable Insights: The Global Automotive Garage Equipment Market is Predict to reach $ 29 Billion by 2030, at a CAGR of 7.2%

Based on Garage Type, the market is segmented into Independent Garages, and OEM Authorized Garages. Based on Equipment Type, the market is segmented into Wheel & Tire Equipment, Lifting & Hoisting Equipment, Diagnostic & Testing Equipment, Washing Equipment, Hand Tools & Power Tools, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • Stanley Black & Decker, Inc.
  • ISTOBAL S.A.
  • Snap-on Incorporated
  • Robert Bosch GmbH
  • VisiCon Automatisierungstechnik GmbH
  • Symach s.r.l.
  • Dover Corporation
  • MAHA Maschinenbau Haldenwang GmbH & Co. KG
  • Continental AG
  • Hunter Engineering Company

Asia Pacific Automotive Garage Equipment Market Report Segmentation

By Garage Type

  • Independent Garages
  • OEM Authorized Garages

By Equipment Type

  • Wheel & Tire Equipment
  • Lifting & Hoisting Equipment
  • Diagnostic & Testing Equipment
  • Washing Equipment
  • Hand Tools & Power Tools
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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