![Global Automotive Garage Equipment Market](https://res.cloudinary.com/devmoveo/image/upload/v1711974747/skyquest/gallery/global-automotive-garage-equipment-market.jpg)
Report ID: SQMIG25A2284
Report ID:
SQMIG25A2284 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|
Tables:
93 |
Figures:
72
North America is projected to lead the global demand for automotive garage equipment across the forecast period on the back of high spending potential of people in this region and rising popularity of the vehicle modification trend. The United States is slated to be the top market for automotive garage equipment companies in this region as sales of vehicles increases in the country. Moreover, the imposition of strict vehicle safety norms in this region also pushes vehicle owners to visit garages more often to keep their vehicles compliant with local and national road safety regulations.
The Asia Pacific region is slated to emerge as the fastest-growing market for automotive garage equipment in the world. Surging sales of vehicles coupled with an evolving standard of living is forecasted to augment the demand for automotive garage equipment in this region over the coming years. Cheap labor and cheap raw materials also create new opportunities for automotive garage equipment companies to set up their manufacturing facilities in this region. China, India, and South Korea are estimated to be the top markets for automotive garage equipment market players in the Asia Pacific region.
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Report ID: SQMIG25A2284