Future Market Insights has announced the addition of the “Automotive Garage Equipment Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 05/03/2017 -- The global automotive garage equipment market is rapidly evolving from a traditional repair services provider to a modern computerized and electronic diagnostic solution provider. The legal regulations imposed by authorities in developed countries such as the U.S., Europe and Japan to reduce emissions and to increase passenger safety have constrained vehicle manufacturers to enhance the automotive safety technologies in vehicles. As a consequence the garages have had to constantly update their existing equipment and machinery to keep pace with the evolving technologies and to keep the vehicles in good running condition.
The growth of automotive garage equipment market is relational to the growth of the global automotive industry. Additionally, automotive industry has grown steadily, owing to number of factors such as rising standard of living, ongoing development in urban and rural areas, and improvement in road infrastructure has further driven automotive garage equipment demand in the market. The automotive garage equipment market is dependent on the growing vehicle parc, sales, production, increasing average miles driven, rising spending on vehicle maintenance. This have led to grow the global market for automotive garage equipment.
The automotive garage equipment market is going through high innovations and technological advancements in recent years and one of them is the automotive asymmetric and symmetric lifts. These technological advancements and innovative equipment contributes to spur the global automotive garage equipment market.
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Global Automotive Garage Equipment Market Dynamics:
Increasing vehicle production and enhanced average aftermarket spend on vehicle maintenance are the primary factors which are driving the automotive garage equipment market.
A key growth driver is expected to be the automotive garage equipment kits concept wherein companies offer a complete set of equipment targeted at an application.
The most significant restraints associated increased complexity of automotive electronics architecture in vehicles.
Additional training for technicians to handle advance garage equipment acting as growth restraints in the global automotive garage equipment market.
Global Automotive Garage Equipment Market Segmentation:
Global automotive garage equipment market is segmented on the basis of vehicle type as follows: Passenger Cars, LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle).
Global automotive garage equipment market is segmented on the basis of garage type as follows: automobile dealerships, franchise general repairs, specialty shops, locally owned repair shops, others.
Global automotive garage equipment market also segmented on the basis garage equipment as follows: Mechanical handling and testing equipment, Diagnostic instrumentation, and others. Mechanical handling and testing equipment further segmented as: Brake testers, wheel aligners, wheel balancers, tire changers and others. Diagnostic instrumentation further segmented as: Engine analyzers, hand-held diagnostics, others. Others garage equipment further segmented as Battery chargers, air-conditioning service, headlamp testers, and others.
Global Automotive Garage Equipment Market: Regional Outlook
Geographically, the global automotive garage equipment market can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding Japan (Japan), Japan, Middle East and Africa.
On the basis of region, Asia Pacific (APEJ) is expected to be the growth engine of automotive garage equipment market in the coming years. As an outcome of growth in the vehicle production which in turn is resulting in increase in demand of automotive garage equipment in Asia Pacific countries such as China, India, and South Korea. Japan, Latin America and Middle East & Africa are expected to grow at a steady rate over the forecast period. The North America and Europe are matured market for automotive garage equipment market.
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Global Automotive Garage Equipment: Market Players
Some of the key market participants in the global automotive garage equipment market are:
Arex Test Systems b.v.
GETECH (Garage Equipment Technology)
Boston Garage Equipment Ltd.
Gemco Equipment Ltd.
Tecalemit Garage Equipment Company Limited
Robert Bosch GmbH
Continental Automotive GmbH
Manatec Electronics Private Limited