The report of global automotive garage equipment market by Garage Type (OEM authorized garage, Independent garage) Vehicle Type (Passenger Vehicle, Commercial Vehicle) Application (Body Shop Equipment, Diagnostic & Testing Equipment, Emission Equipment, Lifting Equipment, Washing Equipment, Wheel & Tire Equipment) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ 9.90 Bn by 2026, at a CAGR of XX% during a forecast period.

The increasing population led to a high demand for transportation, which is fuel the automotive industry. This is the main driving factor for the growth of the automotive garage equipment market. The governments to implement stringent regulation on vehicle emissions, which is encourage customers to maintain and repair their vehicles timely in order to reduce the emission and also improve the fuel efficiency of the vehicle has fueled the market growth. People are becoming aware of the fuel efficiency and life of the vehicle, which is directly related to the proper maintenance of the vehicle. This has increased the demand for automotive garage equipment. The higher cost related to the maintenance and repair of some vehicles is the major restraining factor of the automotive garage equipment market.

Emission equipment segment is expected to grow at the highest XX% CAGR during the forecast period.
The emission equipment segment is expected to grow at the highest CAGR of XX% in the upcoming period. Emission equipment is used to measure various pollutants like carbon monoxide, carbon dioxide, and nitrogen oxides. Such toxic compounds present in combustion gases have an adverse effect on the health conditions of people living in urban areas. Long term exposure to pollutant gases can even lead to permanent health deteriorations. The existing vehicles now periodically go through emission testing to comply with the latest emission standards of the respective countries due to the availability of emission equipment.

The Asia Pacific dominated the global automotive garage equipment market in 2018
North America dominates the automotive garage equipment market in 2018 and is expected to grow with the highest growth rate during the forecast period. The automotive industry in the U.S. is prone towards innovation, technology, and development of high-performance and fuel-efficient vehicles. The rising automotive sales, shares of automotive garage equipment market is set to witness an upsurge in the recent years. The independent garage segment holds largest market share of automotive garage equipment market in North America.

Key players operating the global automotive garage equipment market are Dover Corporation, Continental AG, Robert Bosch GmbH, Snap-On Incorporated, Fortive Corporation, Cemb S.P.A, Boston Garage Equipment Ltd., Aro Equipments Pvt. Ltd, Arex Test Systems B.V., Gray Manufacturing Company, Guangzhou Jingjia Auto Equipment Co. Ltd, Maha Maschinenbau Haldenwang GmbH & Co, Beissbarth Automotive Service Equipment, Sarveshwari Engineers, Oil Lube Systems Pvt Ltd, Manatec Electronics Private Limited, Istobal, Straightset, V-Tech, Corghi, Hunter Engineering Company, National Auto Tools, Twin Busch LP, Mohawk Lifts, Standard Tools and Equipment Co

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive garage equipment market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive garage equipment market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain  positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Garage Equipment Market

https://www.maximizemarketresearch.com/market-report/global-automotive-garage-equipment-market/36129/

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