The Reports and Insights, a leading market research company, has recently releases report titled “Vehicle Workshop Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Vehicle Workshop Equipment Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Vehicle Workshop Equipment Market?
The global vehicle workshop equipment market size reached US$ 5.5 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 14.9 billion in 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
What are Vehicle Workshop Equipment?
Vehicle workshop equipment encompasses a variety of tools and machinery utilized in automotive repair and maintenance facilities to efficiently service vehicles. This equipment includes car lifts, tire changers, wheel balancers, diagnostic tools, and fluid management systems, among others. These tools are essential for tasks such as vehicle inspections, repairs, and part replacements, contributing to the speed and accuracy of automotive services and ensuring vehicles are properly maintained and safe for operation.
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What are the growth prospects and trends in the Vehicle Workshop Equipment industry?
The vehicle workshop equipment market growth is driven by various factors. The market for vehicle workshop equipment is on a consistent growth trajectory, powered by the escalating intricacy of vehicles and the requirement for sophisticated tools for repair and maintenance. Key drivers include technological advancements in automotive systems, a rising demand for vehicle customization and restoration, and the expansion of the automotive aftermarket sector. Moreover, the increasing ownership of vehicles and a heightened focus on vehicle safety and efficiency are further propelling the adoption of vehicle workshop equipment. Hence, all these factors contribute to vehicle workshop equipment market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Equipment Type:
Wheel Alignment Equipment
Tire Changers
Wheel Balancers
Lifting Equipment
Diagnostic Equipment
Air Compressors
Brake Lathes
Paint Booths
Exhaust Ventilation Systems
Others
By Vehicle Type:
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
By End-Use:
OEM Dealerships
Independent Workshops
Franchise Workshops
Market Segmentation By Region:
North America:
United States
Canada
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Asia Pacific:
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Middle East & Africa:
Saudi Arabia
United Arab Emirates
South Africa
Egypt
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Snap-on Incorporated
Hunter Engineering Company
Stanley Black & Decker, Inc.
Bosch Automotive Service Solutions Inc.
Dover Corporation
Rotary Lift
Vehicle Service Group
MAHA Maschinenbau Haldenwang GmbH & Co. KG
Corghi S.p.A.
Beissbarth GmbH
Nussbaum Automotive Solutions
Hofmann Megaplan GmbH
Ravaglioli S.p.A.
Launch Tech Co., Ltd.
Autel Intelligent Technology Corp., Ltd.
Others
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