Table of Content

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 19
2.1.1.1 Key secondary sources 19
2.1.1.2 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Sampling techniques & data collection methods 21
2.1.2.2 Primary participants 21
2.1.2.3 Key data from primary sources 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.4 ASSUMPTIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 GARAGE EQUIPMENT MARKET TO GROW AT A SIGNIFICANT RATE DURING
THE FORECAST PERIOD (2019–2027) 29
4.2 NORTH AMERICA TO LEAD THE GLOBAL GARAGE EQUIPMENT MARKET 29
4.3 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE AND GARAGE TYPE 30
4.4 GARAGE EQUIPMENT MARKET, BY GARAGE TYPE 30
4.5 GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE 31
4.6 GARAGE EQUIPMENT MARKET, BY INSTALLATION TYPE 31
4.7 GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE 32
4.8 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE 32
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5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 34
5.2.1.1 Increasing sales of pre-owned vehicles 34
5.2.1.2 Vehicle inspection mandates 35
5.2.2 RESTRAINTS 35
5.2.2.1 International trade regulations 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Demand for ECU and other electronic features 35
5.2.3.2 Strict emission regulations 36
5.2.4 CHALLENGES 36
5.2.4.1 Intense competition 36
5.2.5 IMPACT OF MARKET DYNAMICS 36

6 INDUSTRY TRENDS 37
6.1 INTRODUCTION 37
6.2 PORTER’S FIVE FORCES 37
6.3 VALUE CHAIN ANALYSIS 38
6.4 MACROECONOMIC INDICATOR ANALYSIS 38
6.4.1 GROWTH OF GARAGE EQUIPMENT 38
6.4.2 GDP (USD BILLION) 38
6.4.3 GNI PER CAPITA: ATLAS METHOD (USD) 39
6.4.4 GDP PER CAPITA (PPP) (USD) 39
6.4.5 MACROINDICATORS INFLUENCING THE GARAGE EQUIPMENT MARKET IN
THE TOP THREE COUNTRIES 39
6.4.5.1 Germany 39
6.4.5.2 US 40
6.4.5.3 China 40

7 GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE 41
7.1 INTRODUCTION 42
7.2 RESEARCH METHODOLOGY 43
7.3 MECHANICAL 43
7.3.1 ADOPTION OF MECHANICAL GARAGE EQUIPMENT IN DEVELOPING COUNTRIES WILL DRIVE THE MARKET 43
7.4 ELECTRONIC 44
7.4.1 GARAGE AUTOMATION WILL DRIVE THE DEMAND FOR ADVANCED ELECTRONIC GARAGE EQUIPMENT 44
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8 GARAGE EQUIPMENT MARKET, BY GARAGE TYPE 46
8.1 INTRODUCTION 47
8.2 RESEARCH METHODOLOGY 48
8.3 OEM AUTHORIZED GARAGE 48
8.3.1 ADOPTION OF CERTIFIED EQUIPMENT WOULD DRIVE THE MARKET FOR GARAGE EQUIPMENT IN OEM AUTHORIZED GARAGES 49
8.4 INDEPENDENT GARAGE 49
8.4.1 SAFE GARAGE OPERATIONS WILL DEMAND BETTER GARAGE EQUIPMENT FOR INDEPENDENT GARAGES 50

9 GARAGE EQUIPMENT MARKET, BY INSTALLATION TYPE 51
9.1 INTRODUCTION 52
9.2 RESEARCH METHODOLOGY 53
9.3 MOBILE 53
9.3.1 INCREASE IN MOBILE AUTO REPAIR SOLUTIONS WOULD DRIVE THE MARKET 53
9.4 FIXED 54
9.4.1 INCREASE IN NUMBER OF HEAVY DUTY VEHICLES WILL REQUIRE MORE FIXED EQUIPMENT 54

10 GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE 56
10.1 INTRODUCTION 57
10.2 RESEARCH METHODOLOGY 59
10.3 BODY SHOP EQUIPMENT 59
10.3.1 NEW LIGHTWEIGHT BODY MATERIALS WILL FUEL THE GROWTH OF BODY SHOP EQUIPMENT 59
10.4 DIAGNOSTIC & TESTING EQUIPMENT 60
10.4.1 USE OF EFFICIENT ENGINES WILL ENHANCE THE DEMAND FOR SPECIALIZED GARAGE EQUIPMENT 60
10.5 EMISSION EQUIPMENT 61
10.5.1 STRINGENT EMISSION STANDARDS WOULD DRIVE THE DEMAND FOR EMISSION EQUIPMENT 61
10.6 LIFTING EQUIPMENT 62
10.6.1 RISING DEMAND FOR SUVS OVER HATCHBACKS WOULD BOOST THE DEMAND FOR HIGH CAPACITY LIFTS 62
10.7 WASHING EQUIPMENT 63
10.7.1 ADOPTION OF AUTOMATIC CAR WASHING SYSTEM WILL DRIVE THE WASHING EQUIPMENT MARKET 63
10.8 WHEEL & TIRE EQUIPMENT 64
10.8.1 ADOPTION OF SMART TIRES WOULD ENHANCE THE DEMAND FOR PERIODIC TIRE AND WHEEL MAINTENANCE 64
10.9 OTHERS 65
10.9.1 DEMAND FOR PREVENTIVE MEASURES WILL DRIVE THE MARKET DURING
THE FORECAST PERIOD 65
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11 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE 67
11.1 INTRODUCTION 68
11.2 RESEARCH METHODOLOGY 69
11.3 PASSENGER CAR 69
11.3.1 IMPLEMENTATION OF ADVANCED SAFETY FEATURES WILL REQUIRE REGULAR INSPECTION OF PASSENGER CARS 70
11.4 COMMERCIAL VEHICLE 70
11.4.1 IMPLEMENTATION OF STRINGENT EMISSION REGULATION WILL REQUIRE ADVANCED EMISSION TESTING EQUIPMENT 71

12 GARAGE EQUIPMENT MARKET, BY REGION 72
12.1 INTRODUCTION 73
12.2 ASIA PACIFIC 75
12.2.1 CHINA 76
12.2.2 INDIA 77
12.2.3 JAPAN 77
12.2.4 SOUTH KOREA 77
12.2.5 REST OF ASIA PACIFIC 77
12.3 EUROPE 78
12.3.1 FRANCE 79
12.3.2 GERMANY 80
12.3.3 ITALY 80
12.3.4 RUSSIA 80
12.3.5 SPAIN 80
12.3.6 UK 80
12.3.7 REST OF EUROPE 81
12.4 NORTH AMERICA 81
12.4.1 CANADA 82
12.4.2 MEXICO 82
12.4.3 US 82
12.5 REST OF THE WORLD (ROW) 83
12.5.1 BRAZIL 84
12.5.2 IRAN 84
12.5.3 OTHERS 84

13 COMPETITIVE LANDSCAPE 85
13.1 OVERVIEW 85
13.2 MARKET RANKING ANALYSIS 86
13.3 COMPETITIVE SCENARIO 87
13.3.1 NEW PRODUCT DEVELOPMENTS 87
13.3.2 EXPANSIONS 89
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13.4 COMPETITIVE LEADERSHIP MAPPING 89
13.4.1 VISIONARY LEADERS 89
13.4.2 INNOVATORS 89
13.4.3 DYNAMIC DIFFERENTIATORS 90
13.4.4 EMERGING COMPANIES 90
13.5 STRENGTH OF PRODUCT PORTFOLIO 91
13.6 BUSINESS STRATEGY EXCELLENCE 92

14 COMPANY PROFILES 93
(Business overview, Products offered, Recent developments & SWOT analysis)*
14.1 DOVER CORPORATION 93
14.2 CONTINENTAL AG 96
14.3 ROBERT BOSCH GMBH 98
14.4 SNAP-ON INCORPORATED 100
14.5 FORTIVE CORPORATION 103
14.6 CEMB S.P.A 105
14.7 BOSTON GARAGE EQUIPMENT LTD 106
14.8 ARO EQUIPMENTS PVT. LTD 108
14.9 AREX TEST SYSTEMS B.V. 109
14.10 GRAY MANUFACTURING COMPANY 110
14.11 GUANGZHOU JINGJIA AUTO EQUIPMENT CO. LTD 111
14.12 MAHA MASCHINENBAU HALDENWANG GMBH & CO 112
14.13 BEISSBARTH AUTOMOTIVE SERVICE EQUIPMENT 113
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
14.14 OTHER KEY PLAYERS 114
14.14.1 ASIA PACIFIC 114
14.14.1.1 Sarveshwari Engineers 114
14.14.1.2 Oil Lube Systems Pvt Ltd 114
14.14.1.3 Manatec Electronics Private Limited 114
14.14.2 EUROPE 114
14.14.2.1 ISTOBAL 114
14.14.2.2 Straightset 114
14.14.2.3 V-Tech 114
14.14.2.4 CORGHI 114
14.14.3 NORTH AMERICA 115
14.14.3.1 Hunter Engineering Company 115
14.14.3.2 National Auto Tools 115
14.14.3.3 Twin Busch LP 115
14.14.3.4 Mohawk Lifts 115
14.14.3.5 Standard Tools and Equipment Co 115
15 APPENDIX 116
15.1 DISCUSSION GUIDE 116
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 119
15.3 AVAILABLE CUSTOMIZATIONS 121
15.4 RELATED REPORTS 121
15.5 AUTHOR DETAILS 122



List of Figures



FIGURE 1 GARAGE EQUIPMENT MARKET SEGMENTATION 15
FIGURE 2 GARAGE EQUIPMENT MARKET: RESEARCH DESIGN 17
FIGURE 3 RESEARCH METHODOLOGY MODEL 18
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 20
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR THE GARAGE EQUIPMENT MARKET: BOTTOM-UP APPROACH 22
FIGURE 6 DATA TRIANGULATION 23
FIGURE 7 GARAGE EQUIPMENT MARKET: MARKET DYNAMICS 26
FIGURE 8 GARAGE EQUIPMENT MARKET, BY REGION, 2019–2027 27
FIGURE 9 OEM AUTHORIZED SEGMENT HOLDS THE LARGEST SHARE, BY VALUE IN THE GARAGE EQUIPMENT MARKET IN 2019 28
FIGURE 10 RISING VEHICLE PARC, VEHICLE SALES, AND CONNECTED SERVICES WILL BOOST THE GARAGE EQUIPMENT MARKET 29
FIGURE 11 GARAGE EQUIPMENT MARKET SHARE, BY REGION, 2019 29
FIGURE 12 PASSENGER CAR IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF
THE GARAGE EQUIPMENT MARKET IN 2019 30
FIGURE 13 OEM AUTHORIZED GARAGE TO HOLD THE LARGEST MARKET SHARE 2019 VS. 2027 (USD MILLION) 30
FIGURE 14 LIFTING EQUIPMENT TO HOLD THE LARGEST MARKET SHARE 2019 VS. 2027 (USD MILLION) 31
FIGURE 15 FIXED INSTALLATION TO PLAY A MAJOR ROLE IN THE GARAGE EQUIPMENT MARKET, 2019 VS. 2027 (USD MILLION) 31
FIGURE 16 ELECTRONIC IS EXPECTED TO BE THE FASTEST GROWING SEGMENT OF GARAGE EQUIPMENT MARKET, 2019 VS. 2027 (USD MILLION) 32
FIGURE 17 PASSENGER CAR TO DOMINATE THE GARAGE EQUIPMENT MARKET 2019 VS. 2027 (USD MILLION) 32
FIGURE 18 AUTOMOTIVE GARAGE EQUIPMENT: MARKET DYNAMICS 34
FIGURE 19 PORTER’S FIVE FORCES 37
FIGURE 20 VALUE CHAIN ANALYSIS 38
FIGURE 21 GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE, 2019 VS. 2027 (USD MILLION) 42
FIGURE 22 KEY PRIMARY INSIGHTS 45
FIGURE 23 GARAGE EQUIPMENT MARKET, BY GARAGE TYPE, 2019 VS. 2027 (USD MILLION) 47
FIGURE 24 KEY PRIMARY INSIGHTS 50
FIGURE 25 GARAGE EQUIPMENT MARKET SIZE, BY INSTALLATION TYPE 2019 VS. 2027 (USD MILLION) 52
FIGURE 26 KEY PRIMARY INSIGHTS 55
FIGURE 27 GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE 2019 VS. 2027 (USD MILLION) 57
FIGURE 28 KEY PRIMARY INSIGHTS 66
FIGURE 29 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE, 2019 VS. 2027 (USD MILLION) 68
FIGURE 30 KEY PRIMARY INSIGHTS 71
FIGURE 31 GARAGE EQUIPMENT MARKET, BY REGION, 2019 VS. 2027 (USD MILLION) 73
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FIGURE 32 ASIA PACIFIC: GARAGE EQUIPMENT MARKET SNAPSHOT 75
FIGURE 33 EUROPE: GARAGE EQUIPMENT MARKET SNAPSHOT 78
FIGURE 34 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MARKET, 2016–2019 85
FIGURE 35 RANKING OF KEY PLAYERS 86
FIGURE 36 GARAGE EQUIPMENT MARKET (GLOBAL): COMPETITIVE LEADERSHIP
MAPPING, 2019 90
FIGURE 37 DOVER CORPORATION: COMPANY SNAPSHOT 93
FIGURE 38 DOVER CORPORATION: SWOT ANALYSIS 95
FIGURE 39 CONTINENTAL AG: COMPANY SNAPSHOT 96
FIGURE 40 CONTINENTAL AG: SWOT ANALYSIS 97
FIGURE 41 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 98
FIGURE 42 ROBERT BOSCH: SWOT ANALYSIS 99
FIGURE 43 SNAP-ON INCORPORATED: COMPANY SNAPSHOT 100
FIGURE 44 SNAP-ON: SWOT ANALYSIS 102
FIGURE 45 FORTIVE CORPORATION: COMPANY SNAPSHOT 103
FIGURE 46 FORTIVE CORPORATION: SWOT ANALYSIS 104

 

List of Tables



TABLE 1 CURRENCY EXCHANGE RATES (PER 1 USD) 16
TABLE 2 GERMANY: MACROECONOMIC INDICATORS INFLUENCING THE MARKET 39
TABLE 3 US: MACROECONOMIC INDICATORS INFLUENCING THE MARKET 40
TABLE 4 CHINA: MACROECONOMIC INDICATORS INFLUENCING THE MARKET 40
TABLE 5 GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE, 2017–2027 (000’ UNITS) 42
TABLE 6 GARAGE EQUIPMENT MARKET, BY FUNCTION TYPE, 2017–2027 (USD MILLION) 43
TABLE 7 MECHANICAL: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 43
TABLE 8 MECHANICAL: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 44
TABLE 9 ELECTRONIC: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 44
TABLE 10 ELECTRONIC: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 45
TABLE 11 GARAGE EQUIPMENT MARKET, BY GARAGE TYPE, 2017–2027 (000’ UNITS) 47
TABLE 12 GARAGE EQUIPMENT MARKET, BY GARAGE TYPE, 2017–2027 (USD MILLION) 48
TABLE 13 OEM AUTHORIZED GARAGE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 49
TABLE 14 OEM AUTHORIZED GARAGE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 49
TABLE 15 INDEPENDENT GARAGE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’UNITS) 50
TABLE 16 INDEPENDENT GARAGE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 50
TABLE 17 GARAGE EQUIPMENT MARKET SIZE, BY INSTALLATION TYPE 2017–2027 (?000 UNITS) 52
TABLE 18 GARAGE EQUIPMENT MARKET SIZE, BY INSTALLATION TYPE 2017–2027 (USD MILLION) 53
TABLE 19 MOBILE: GARAGE EQUIPMENT MARKET SIZE, BY REGION 2017–2027 (?000 UNITS) 53
TABLE 20 MOBILE: GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (USD MILLION) 54
TABLE 21 FIXED: GARAGE EQUIPMENT MARKET SIZE, BY REGION, 2017–2027 (?000 UNITS) 54
TABLE 22 FIXED: GARAGE EQUIPMENT MARKET SIZE, BY REGION 2017–2027 (USD MILLION) 55
TABLE 23 GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2017–2027 (000’ UNITS) 58
TABLE 24 GARAGE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2017–2027 (USD MILLION) 58
TABLE 25 BODY SHOP EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 59
TABLE 26 BODY SHOP EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 59
TABLE 27 DIAGNOSTIC & TESTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (000’ UNITS) 60
TABLE 28 DIAGNOSTIC & TESTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (USD MILLION) 60
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TABLE 29 EMISSION EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 61
TABLE 30 EMISSION EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 62
TABLE 31 LIFTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 62
TABLE 32 LIFTING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 63
TABLE 33 WASHING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’UNITS) 63
TABLE 34 WASHING EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 64
TABLE 35 WHEEL & TIRE EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’UNITS) 64
TABLE 36 WHEEL & TIRE EQUIPMENT: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 65
TABLE 37 OTHERS: GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (000’UNITS) 65
TABLE 38 OTHERS: GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (USD MILLION) 66
TABLE 39 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE, 2017–2027 (000’ UNITS) 68
TABLE 40 GARAGE EQUIPMENT MARKET, BY VEHICLE TYPE, 2017–2027 (USD MILLION) 69
TABLE 41 PASSENGER CAR: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 70
TABLE 42 PASSENGER CAR: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 70
TABLE 43 COMMERCIAL VEHICLE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (000’ UNITS) 71
TABLE 44 COMMERCIAL VEHICLE: GARAGE EQUIPMENT MARKET, BY REGION 2017–2027 (USD MILLION) 71
TABLE 45 GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (000’ UNITS) 74
TABLE 46 GARAGE EQUIPMENT MARKET, BY REGION, 2017–2027 (USD MILLION) 74
TABLE 47 ASIA PACIFIC: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (000’ UNITS) 76
TABLE 48 ASIA PACIFIC: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (USD MILLION) 76
TABLE 49 EUROPE: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017–2027 (000’ UNITS) 79
TABLE 50 EUROPE: GARAGE EQUIPMENT MARKET, BY COUNTRY, 2017–2027 (USD MILLION) 79
TABLE 51 NORTH AMERICA: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (000’ UNITS) 81
TABLE 52 NORTH AMERICA: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (USD MILLION) 81
TABLE 53 REST OF THE WORLD: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (000’ UNITS) 83
TABLE 54 REST OF THE WORLD: GARAGE EQUIPMENT MARKET, BY COUNTRY 2017–2027 (USD MILLION) 83
TABLE 55 NEW PRODUCT DEVELOPMENTS, 2016–2019 87
TABLE 56 EXPANSIONS, 2019 89