Garage Equipment Market Future Outlook: Strong Growth Expected Toward $11.68 Billion by 2029
Uncover key drivers, emerging technologies, and competitive movements shaping the garage equipment market from 2025–2034 with trusted insights from The Business Research Company
By how much is the Garage Equipment Market expected to grow between 2025 and 2029?
The garage equipment market has seen significant expansion in recent years. This market is set to increase from $7.96 billion in 2024 to $8.57 billion in 2025, achieving a compound annual growth rate (CAGR) of 7.6%. Historically, this growth can be attributed to the continuous need for technician training on new technologies, the expanding market for luxury and high-performance vehicles, evolving legislation, the standardization of vehicle parts and systems, and the rising import and export of vehicles.
The garage equipment market size is projected to experience robust expansion over the coming years. It is forecast to reach $11.68 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.0%. This anticipated growth during the forecast period stems from factors such as the impact of insurance policies on vehicle repair services, advancements in infrastructure, evolving consumer demands for quicker service, the broadening scope and coverage of vehicle warranty services, and collaborations involving original equipment manufacturers. Key trends expected during the same period encompass advanced driver assistance systems, the incorporation of Internet of Things (IoT) technology into garage equipment, the implementation of telematics systems, innovations in 3D printing for component manufacturing, and the creation of intelligent workshops featuring automated and interconnected tools.
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Which Drivers Are Influencing Market Acceleration In The Garage Equipment Market?
The rising adoption of electric vehicles is projected to boost the expansion of the garage equipment market in the future. These are automobiles that operate using electricity stored in their batteries. Their widespread appeal stems from their ability to reduce greenhouse gas emissions and decrease dependence on fossil fuels, unlike conventional gasoline-powered automobiles. Garage equipment plays a crucial role in supporting EVs by offering specialized tools and technologies essential for their distinct maintenance and repair requirements. Such specialized gear assists mechanics in performing all tasks, from routine servicing to intricate diagnostics and fixes, thereby guaranteeing the efficient functioning and extended lifespan of electric vehicles. For example, data from April 2024, provided by the International Energy Agency, a France-based intergovernmental autonomous organization, indicated that global electric car sales neared 14 million in 2023, marking a 14% increase from 2022. Consequently, the growing prevalence of electric vehicles is fueling the expansion of the garage equipment sector.
What Segments Are Identified Within The Structure Of The Garage Equipment Market?
The garage equipmentmarket covered in this report is segmented –
1) By Equipment Type: Body Shop Equipment, Diagnostic And Test Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel And Tire Equipment, Other Equipment Types
2) By Garage Type: Original Equipment Manufacturer (OEM) Authorized Garage, Independent Garage, Franchise Garages
3) By Installation Type: Mobile, Fixed
4) By Function Type: Electronic, Mechanical
5) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
Subsegments:
1) By Body Shop Equipment: Spray Booths, Frame Machines, Dent Repair Equipment, Paintless Dent Removal (Pdr) Tools
2) By Diagnostic And Test Equipment: Vehicle Diagnostics Scanners, Tire Pressure Monitoring System (Tpms) Tools, Emission Testing Systems, Battery Testers
3) By Emission Equipment: Exhaust Gas Analyzers, Particulate Matter (Pm) Testers, Nitrogen Oxide (Nox) Analyzers
4) By Lifting Equipment: Vehicle Lifts, Floor Jacks, Scissor Lifts, Wheel Dollies
5) By Washing Equipment: Car Wash Systems, High-pressure Washers, Vehicle Cleaning Equipment
6) By Wheel And Tire Equipment: Tire Changers, Wheel Balancers, Wheel Alignment Systems
7) By Other Equipment Types: Air Compressors, Battery Chargers, Workshop Tools
What Trends Are Expected To Impact The Competitive Landscape Of The Garage Equipment Market?
Leading companies within the garage equipment market are creating sophisticated products like alignment scissor lifts, aiming to boost wheel alignment precision, elevate safety standards, and optimize the service efficiency for both electric and conventional vehicles. These alignment scissor lifts serve as vehicle lifting apparatus engineered for accurate wheel alignment, characterized by features such as adaptable platforms, superior stability, and built-in lighting for detailed inspections. An example of this innovation is Snap-on, a US-based machinery manufacturing company, which introduced the Sun SSL 6400 Alignment Scissor Lift 4T in July 2022. The Sun SSL 6400 Alignment Scissor Lift 4T is a lift with a capacity of 4000kg and a length of 4.8m, proving highly suitable for smaller garages and tire centers. This particular model provides customizable turntable placement, an open-front structure, quad electro-hydraulic rams, and LED lighting, all contributing to precise wheel alignments. Boasting a certified peak lifting capacity of 4000 kg (8800 lbs) and a lifting span from 230 mm to 1900 mm (9 into 75 in), this apparatus is specifically engineered for wheel alignment purposes and perfectly suited for compact garages and tire establishments.
Which Key Market Players Are Investing In Expansion And Innovation Within The Garage Equipment Market?
Major companies operating in the garage equipment market are Continental AG, Snap-on Incorporated, John Bean, Hunter Engineering Company, BendPak Inc., Launch Tech Co. Ltd., Stertil BV, Gray Manufacturing, Rotary Lift, Hofmann Equipment, EAE Automotive Equipment Co. Ltd., Ravaglioli, Giuliano Industrial S.p.A., Boston Garage Equipment, Istobal, Nussbaum Automotive Lifts Inc., Oil Lube Systems Pvt Ltd., Werther International S.p.A., Forward Lift, Con Air Equipments Pvt. Ltd., MAHA India Automotive Testing Equipment Private Limited, Sarveshwari Engineers
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Which Regions Are Poised For Strategic Growth In The Garage Equipment Market?
North America was the largest region in the garage equipment market in 2024. The regions covered in the garage equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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