The Latin America, Middle East and Africa Automotive Garage Equipment Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030).
Augmented Reality (AR) technology is used for technician training and real-time guidance during maintenance procedures. AR overlays digital information onto the physical workspace, offering step-by-step instructions and enhancing the efficiency and accuracy of repairs. With the rise of electric and hybrid vehicles, there is a growing demand for specialized garage equipment designed to cater to the unique needs of these vehicles. This includes tools for battery diagnostics, charging equipment, and safety measures for high-voltage components. Garage equipment manufacturers are focusing on designing modular and scalable solutions.
AI is being increasingly used in diagnostic tools to enhance accuracy and speed. AI-powered diagnostic systems can analyze complex data sets and provide more precise information about the condition of different vehicle systems, aiding technicians in identifying and addressing issues. Workshop management systems are becoming more sophisticated, integrating inventory tracking, appointment scheduling, and customer relationship management features. These systems aim to streamline administrative tasks and enhance the overall efficiency of garage operations. There is a trend toward developing garage equipment with user-friendly interfaces.
According to the Dubai Water and Electricity Authority, the number of EVs in Dubai is predicted to be about 7,331 in 2023 and 12,852 by 2025. This supports Dubai’s Green Mobility Strategy 2030, which mandates that by 2030, 30% of public sector vehicles and 10% of all new vehicle sales will be electric or hybrid. The increasing number of EV charging stations in the UAE requires maintenance and periodic servicing. Electric vehicles often feature advanced electronic systems and components in the UAE. Automotive garage equipment, such as sophisticated diagnostic tools capable of interfacing with EV control units and communication protocols, becomes essential for accurate problem identification and resolution in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Automotive Garage Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $591.3 million by 2030. The Argentina market is showcasing a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% during (2023 - 2030).
Free Valuable Insights: The Worldwide Automotive Garage Equipment Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Automotive Garage Equipment Market, by Garage Type
1.4.2 LAMEA Automotive Garage Equipment Market, by Equipment Type
1.4.3 LAMEA Automotive Garage Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Mergers & Acquisition: 2019, Aug – 2024, Jan) Leading Players
4.3.3 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov – 2024, Jan) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Automotive Garage Equipment Market by Garage Type
5.1 LAMEA Independent Garages Market by Country
5.2 LAMEA OEM Authorized Garages Market by Country
Chapter 6. LAMEA Automotive Garage Equipment Market by Equipment Type
6.1 LAMEA Wheel & Tire Equipment Market by Country
6.2 LAMEA Lifting & Hoisting Equipment Market by Country
6.3 LAMEA Diagnostic & Testing Equipment Market by Country
6.4 LAMEA Washing Equipment Market by Country
6.5 LAMEA Hand Tools & Power Tools Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Automotive Garage Equipment Market by Country
7.1 Brazil Automotive Garage Equipment Market
7.1.1 Brazil Automotive Garage Equipment Market by Garage Type
7.1.2 Brazil Automotive Garage Equipment Market by Equipment Type
7.2 Argentina Automotive Garage Equipment Market
7.2.1 Argentina Automotive Garage Equipment Market by Garage Type
7.2.2 Argentina Automotive Garage Equipment Market by Equipment Type
7.3 UAE Automotive Garage Equipment Market
7.3.1 UAE Automotive Garage Equipment Market by Garage Type
7.3.2 UAE Automotive Garage Equipment Market by Equipment Type
7.4 Saudi Arabia Automotive Garage Equipment Market
7.4.1 Saudi Arabia Automotive Garage Equipment Market by Garage Type
7.4.2 Saudi Arabia Automotive Garage Equipment Market by Equipment Type
7.5 South Africa Automotive Garage Equipment Market
7.5.1 South Africa Automotive Garage Equipment Market by Garage Type
7.5.2 South Africa Automotive Garage Equipment Market by Equipment Type
7.6 Nigeria Automotive Garage Equipment Market
7.6.1 Nigeria Automotive Garage Equipment Market by Garage Type
7.6.2 Nigeria Automotive Garage Equipment Market by Equipment Type
7.7 Rest of LAMEA Automotive Garage Equipment Market
7.7.1 Rest of LAMEA Automotive Garage Equipment Market by Garage Type
7.7.2 Rest of LAMEA Automotive Garage Equipment Market by Equipment Type
Chapter 8. Company Profiles
8.1 Stanley Black & Decker, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 ISTOBAL S.A.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.2.2.2 Acquisition and Mergers:
8.2.3 SWOT Analysis
8.3 Snap-on Incorporated
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Engineering Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Robert Bosch GmbH
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 VisiCon Automatisierungstechnik GmbH
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Symach s.r.l.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Dover Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 MAHA Maschinenbau Haldenwang GmbH & Co. KG
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Continental AG
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Hunter Engineering Company
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.3 SWOT Analysis
TABLE 1 LAMEA Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Garage Equipment Market
TABLE 4 Product Launches And Product Expansions– Automotive Garage Equipment Market
TABLE 5 Acquisition and Mergers– Automotive Garage Equipment Market
TABLE 6 LAMEA Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 8 LAMEA Independent Garages Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Independent Garages Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA OEM Authorized Garages Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA OEM Authorized Garages Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 13 LAMEA Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 14 LAMEA Wheel & Tire Equipment Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Wheel & Tire Equipment Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Lifting & Hoisting Equipment Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Lifting & Hoisting Equipment Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Diagnostic & Testing Equipment Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Diagnostic & Testing Equipment Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Washing Equipment Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Washing Equipment Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Hand Tools & Power Tools Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Hand Tools & Power Tools Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Automotive Garage Equipment Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Automotive Garage Equipment Market by Country, 2023 - 2030, USD Million
TABLE 28 Brazil Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 29 Brazil Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 30 Brazil Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 31 Brazil Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 32 Brazil Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 33 Brazil Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 34 Argentina Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 35 Argentina Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 36 Argentina Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 37 Argentina Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 38 Argentina Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 39 Argentina Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 40 UAE Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 41 UAE Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 42 UAE Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 43 UAE Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 44 UAE Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 45 UAE Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 46 Saudi Arabia Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 47 Saudi Arabia Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 48 Saudi Arabia Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 49 Saudi Arabia Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 50 Saudi Arabia Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 51 Saudi Arabia Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 52 South Africa Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 53 South Africa Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 54 South Africa Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 55 South Africa Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 56 South Africa Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 57 South Africa Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 58 Nigeria Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 59 Nigeria Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 60 Nigeria Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 61 Nigeria Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 62 Nigeria Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 63 Nigeria Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 64 Rest of LAMEA Automotive Garage Equipment Market, 2019 - 2022, USD Million
TABLE 65 Rest of LAMEA Automotive Garage Equipment Market, 2023 - 2030, USD Million
TABLE 66 Rest of LAMEA Automotive Garage Equipment Market by Garage Type, 2019 - 2022, USD Million
TABLE 67 Rest of LAMEA Automotive Garage Equipment Market by Garage Type, 2023 - 2030, USD Million
TABLE 68 Rest of LAMEA Automotive Garage Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 69 Rest of LAMEA Automotive Garage Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 70 Key Information – Stanley Black & Decker, Inc.
TABLE 71 Key Information – ISTOBAL S.A.
TABLE 72 key information – Snap-on Incorporated
TABLE 73 Key Information – Robert Bosch GmbH
TABLE 74 Key Information – VisiCon Automatisierungstechnik GmbH
TABLE 75 Key Information – Symach s.r.l.
TABLE 76 key information – Dover Corporation
TABLE 77 Key Information – MAHA Maschinenbau Haldenwang GmbH & Co. KG
TABLE 78 Key Information – Continental AG
TABLE 79 Key Information – Hunter Engineering Company
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Automotive Garage Equipment Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Automotive Garage Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Mergers & Acquisition : 2017, Jun – 2021, Jun) Leading Players
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, nov – 2024, Jan) Leading Players
FIG 8 Porter’s Five Forces Analysis - Automotive Garage Equipment Market
FIG 9 LAMEA Automotive Garage Equipment Market share by Garage Type, 2022
FIG 10 LAMEA Automotive Garage Equipment Market share by Garage Type, 2030
FIG 11 LAMEA Automotive Garage Equipment Market by Garage Type, 2019 - 2030, USD Million
FIG 12 LAMEA Automotive Garage Equipment Market share by Equipment Type, 2022
FIG 13 LAMEA Automotive Garage Equipment Market share by Equipment Type, 2030
FIG 14 LAMEA Automotive Garage Equipment Market by Equipment Type, 2019 - 2030, USD Million
FIG 15 LAMEA Automotive Garage Equipment Market share by Country, 2022
FIG 16 LAMEA Automotive Garage Equipment Market share by Country, 2030
FIG 17 LAMEA Automotive Garage Equipment Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: Stanley Black & Decker, Inc.
FIG 19 SWOT Analysis: ISTOBAL S.A.
FIG 20 Recent strategies and developments: Snap-on Incorporated
FIG 21 SWOT Analysis: SNAP-ON INCORPORATED
FIG 22 Recent strategies and developments: Robert Bosch GmbH
FIG 23 SWOT Analysis: Robert Bosch GmbH
FIG 24 SWOT Analysis: VISICON AUTOMATISIERUNGSTECHNIK GMBH
FIG 25 SWOT Analysis: SYMACH S.R.L.
FIG 26 SWOT Analysis: DOVER CORPORATION
FIG 27 SWOT Analysis: MAHA MASCHINENBAU HALDENWANG GMBH & CO. KG
FIG 28 Recent strategies and developments: Continental AG
FIG 29 SWOT Analysis: Continental AG
FIG 30 SWOT Analysis: HUNTER ENGINEERING COMPANY