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Rising Demand for Garage Equipment Market Research Report by Manufacturers, Region, Type and Application, Forecast to 2029
Garage Equipment Market research is an intelligence report that entails painstaking attempts to collect the most pertinent and important data. The data has been analyzed in terms of both established top players and emerging competitors. The business tactics of both established market participants and new Garage Equipment market entrants are thoroughly examined. This research analysis includes well-explained SWOT analysis, revenue share, and contact information. Additionally, it gives market information regarding its development and capacity.
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The market is growing due to rapid advancements in the automobile industry. The automobile business is a major global industry, and as a result of advancements in the industry, transportation has gotten easier and more convenient. In the previous 2-3 decades, the consumption of motor vehicles, such as passenger automobiles and motorcycles, has skyrocketed. For example, the automotive industry in the United States earned USD 545.4 billion in 2018 and contributed 2.7 percent to the country's GDP. According to Statista, global passenger vehicle sales were around 79.6 million units in 2017. Electric car adoption is growing, and the automotive industry is constantly innovating, creating an attractive potential for the garage equipment market. Furthermore, the growing popularity of automobile drifting, stunts and rough driving among teenagers and adults has increased the requirement for maintenance due to the vehicle's early deterioration, propelling the market forward.
The global garage equipment market is expected to develop at a CAGR of 5.3 percent from USD 6.1 billion in 2019 to USD 10.7 billion by 2029.
Some of the Top companies Influencing this Garage Equipment Market include:
Arex Test Systems B.V.
Aro Equipments Pvt. Ltd.
Boston Garage Equipment Ltd
Continental AG
Gray Manufacturing Company, Inc.
Guangzhou Jingjia Auto Equipment Co., Ltd
Istobal S.A.
Nussbaum Automotive Solutions Lp
Robert Bosch GmbH
Vehicle Service Group, LLC.
MAHA Maschinenbau Haldenwang GmbH and Co. KG
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach s.r.l.
Otto Nußbaum GmbH and Co. K.G.
M/s Samvit Garage Equipments
Sarveshwari Engineers
Euro Car Parts Ltd T/A LKQ Coatings
ISTOBAL
Con Air Equipments Private Limited
Oil Lube Systems Pvt Ltd.
Gray Manufacturing
AUTEC, Inc.
Garage Equipment Market Segmentation:
By Garage Type
OEM Authorized Garage
Independent Garage
Franchise Garage
By Application
Body Shop Equipment
Diagnostic and Testing Equipment
Emission Equipment
Lifting Equipment
Washing Equipment
Wheel and Tire Equipment
By Installation Type
Mobile
Fixed
By Function Type
Electronic
Mechanical
By Vehicle Type
Motor Cycle
Passenger Vehicle
Commercial Vehicle
To get to know more about the impact of the COVID-19 pandemic on this market: https://straitsresearch.com/report/garage-equipment-market/
Market Chains:
• The availability of vendors of restricted information measures may limit the industry's expansion.
• The network's complexity will constrain the market's growth.
• The hefty price tag associated with the appliance delivery controller will restrain market growth.
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Report Includes:
A snapshot of the Garage Equipment companies, along with a detailed description of their primary business segments, products, financial performance, and recent developments and strategies.
• Trend analyses for the Garage Equipment Market, including data from 2020, estimates for 2021, and projected compound annual growth rates (CAGRs) through 2029.
• Information on the different types of Garage Equipment Market tasks and the capabilities that have the greatest commercial potential.
• Analysis of the market's key drivers and constraints in the future.
• Coverage of these top companies' segmental and regional performance, technological advancements, and awards and recognitions
Our Research Study on Industry
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Low Voltage DC Circuit Breaker Market- https://straitsresearch.com/report/low-voltage-dc-circuit-breaker-market/
Wireless Car Charging Market- https://straitsresearch.com/report/wireless-car-charging-market/
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