Report ID: SQMIG25A2284
Automotive Garage Equipment Market Size, Share, Growth Analysis, By Vehicle(2 Wheelers, Light Vehicles, and Heavy Vehicles), By Equipment(Lifting Equipment, Body Shop Equipment, Wheel & Tire Alignment, Vehicle Diagnostics & Testing), By Garage(OEM, Franchisee Garages, and Independent Garages), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2284 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|
Tables:
93 |
Figures:
72
Automotive Garage Equipment Market Dynamics
Drivers
Emphasis on Vehicle Safety
- Incidence of vehicle accidents has increased around the world, and this has resulted in a hike in awareness regarding vehicle safety. This is why more and more people are bringing their vehicles to garages and driving automotive garage equipment market growth.
Expansion of Aftermarket Industry
- Growing use of automotive aftermarket components for vehicle modification and beautification of vehicles as per owners’ taste is also predicted to bolster the demand for automotive garage equipment over the coming years.
Restraints
Shortage of Skilled Labor
- Using automotive garage equipment requires a certain level of skill and expertise, the shortage of labor and technicians that can use automotive garage equipment is projected to slow down the market growth in the future.
High Initial Costs
- Advanced automotive garage equipment can be quite expensive and not easy to procure for individuals and garages with a limited budget. This is why the high initial costs are projected to impede automotive garage equipment market development going forward.
Automotive Garage Equipment Market Report Snapshots
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