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

Global Automotive Garage Equipment Market size was valued at USD 24.4 billion in 2022 and is poised to grow from USD 26.57 billion in 2023 to USD 52.56 billion by 2031, growing at a CAGR of 8.9% in the forecast period (2024-2031).

Equipment used in garages to repair automobiles is known as automotive garage equipment. Increasing vehicle sales and growing automotive production are key factors that are estimated to boost the sales of automotive garage equipment over the coming years. Electrification of the automotive industry is projected to create new opportunities for automotive garage equipment suppliers in the future as they look for more advanced equipment to repair modern vehicles. The rising popularity of franchisee garages and increasing demand for vehicle modification among people around the world are predicted to be other factors that could bolster the demand for automotive garage equipment in the long run. Moreover, increasing popularity of DIY mechanic trends are also slated to uplift the automotive garage equipment demand outlook going forward. However, shortage of skilled labor and technicians coupled with high initial investments to purchase the said equipment are slated to be key constraints for automotive garage equipment market development in the future.