Global Garage Equipment Market Growth, Demand, Size, Share, Analysis and Forecast, 2023-2030
- Report ID: 64453
- Date: May, 2023
- Pages: 110
- Category: Machinery & Equipment
Global Garage Equipment Market Analysis and Forecast, 2023-2030
The global Garage Equipment Market is expected to grow at a CAGR of 7.3% over the forecast period of 2023-2030.
Market Scope & Overview
The global Garage Equipment Market study by Altus Market Research comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2022 and the forecast period of 2023-2030 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. Altus Market Research practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Garage Equipment Market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
The market study also covers the pricing analysis of each product based on its types and regions.
The global Garage Equipment Market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2022, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
Altus Market Research has segmented the global Garage Equipment Market based on garage type, application, vehicle type, and region.
• By Garage Type
o OEM Authorized Garage
o Independent Garage
• By Application
o Body Shop Equipment
o Diagnostic & Testing Equipment
o Emission Equipment
o Lifting Equipment
o Washing Equipment
o Wheel & Tire Equipment
o Others
• By Vehicle Type
o Commercial Vehicle
o Passenger Vehicle
• By Region
o North America
US
Canada
o Latin America
Brazil
Mexico
Rest of Latin America
o Western Europe
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
o Eastern Europe
Russia
Poland
Rest of Eastern Europe
o Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
o Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa
Leading Companies and Market Players
• Hunter Engineering Company
• Ravaglioli
• LINCOLN ELECTRIC HOLDINGS
• CORGHI
• Automotive Equipment International
• Hennesy Industries
• Intergrated Garage Equipment
• Manatec Electronics Private Limited
Global Garage Equipment Market Analysis and Forecast 2023-2030
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2023
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Application Analysis
10. Parent Market Overview: Global Automotive Market
11. Segmental Analysis
11.1. Global Garage Equipment Market by Garage Type
11.1.1. Segment Overview
11.1.1.1. OEM Authorized Garage
11.1.1.2. Independent Garage
11.2. Global Garage Equipment Market by Application
11.2.1. Segment Overview
11.2.1.1. Body Shop Equipment
11.2.1.2. Diagnostic & Testing Equipment
11.2.1.3. Emission Equipment
11.2.1.4. Lifting Equipment
11.2.1.5. Washing Equipment
11.2.1.6. Wheel & Tire Equipment
11.2.1.7. Others
11.3. Global Garage Equipment Market by Vehicle Type
11.3.1. Segment Overview
11.3.1.1. Commercial Vehicle
11.3.1.2. Passenger Vehicle
11.4. Independent Garage Global Garage Equipment Market by Region
11.4.1. North America
11.4.2. Latin America
11.4.3. Western Europe
11.4.4. Eastern Europe
11.4.5. Asia Pacific
11.4.6. Middle East & Africa
12. Regional Analysis
12.1. North America Garage Equipment Market Analysis and Forecast 2023-2030
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Garage Equipment Market by Garage Type
12.1.3. North America Garage Equipment Market by Application
12.1.4. North America Garage Equipment Market by Vehicle Type
12.1.5. North America Garage Equipment Market by Country
12.1.5.1. US
12.1.5.2. Canada
12.2. Latin America Garage Equipment Market Analysis and Forecast 2023-2030
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Garage Equipment Market by Garage Type
12.2.3. Latin America Garage Equipment Market by Application
12.2.4. Latin America Garage Equipment Market by Vehicle Type
12.2.5. Latin America Garage Equipment Market by Country
12.2.5.1. Brazil
12.2.5.2. Mexico
12.2.5.3. Rest of Latin America
12.3. Western Europe Garage Equipment Market Analysis and Forecast 2023-2030
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Garage Equipment Market by Garage Type
12.3.3. Western Europe Garage Equipment Market by Application
12.3.4. Western Europe Garage Equipment Market by Vehicle Type
12.3.5. Western Europe Garage Equipment Market by Country
12.3.5.1. Germany
12.3.5.2. UK
12.3.5.3. France
12.3.5.4. Spain
12.3.5.5. Italy
12.3.5.6. Benelux
12.3.5.7. Nordic
12.3.5.8. Rest of Western Europe
12.4. Eastern Europe Garage Equipment Market Analysis and Forecast 2023-2030
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Garage Equipment Market by Garage Type
12.4.3. Eastern Europe Garage Equipment Market by Application
12.4.4. Eastern Europe Garage Equipment Market by Vehicle Type
12.4.5. Eastern Europe Garage Equipment Market by Country
12.4.5.1. Russia
12.4.5.2. Poland
12.4.5.3. Rest of Eastern Europe
12.5. Asia Pacific Garage Equipment Market Analysis and Forecast 2023-2030
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Garage Equipment Market by Garage Type
12.5.3. Asia Pacific Garage Equipment Market by Application
12.5.4. Asia Pacific Garage Equipment Market by Vehicle Type
12.5.5. Asia Pacific Garage Equipment Market by Country
12.5.5.1. China
12.5.5.2. Japan
12.5.5.3. India
12.5.5.4. South Korea
12.5.5.5. Australia
12.5.5.6. ASEAN
12.5.5.7. Rest of Asia-Pacific
12.6. Middle East & Africa Garage Equipment Market Analysis and Forecast 2023-2030
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Garage Equipment Market by Garage Type
12.6.3. Middle East & Africa Garage Equipment Market by Application
12.6.4. Middle East & Africa Garage Equipment Market by Vehicle Type
12.6.5. Middle East & Africa Garage Equipment Market by Country
12.6.5.1. GCC
12.6.5.2. South Africa
12.6.5.3. Turkey
12.6.5.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Hunter Engineering Company
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Financials
13.4.1.4. Recent Developments
13.4.2. Ravaglioli
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Financials
13.4.2.4. Recent Developments
13.4.3. LINCOLN ELECTRIC HOLDINGS
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Key Financials
13.4.3.4. Recent Developments
13.4.4. CORGHI
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Key Financials
13.4.4.4. Recent Developments
13.4.5. Automotive Equipment International
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Financials
13.4.5.4. Recent Developments
13.4.6. Hennesy Industries
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Financials
13.4.6.4. Recent Developments
13.4.7. Intergrated Garage Equipment
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Financials
13.4.7.4. Recent Developments
13.4.8. Manatec Electronics Private Limited
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Financials
13.4.8.4. Recent Developments
A comprehensive list of Garage Equipment brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
14. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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