The garage equipment market is on a robust growth trajectory, projected to surge from USD 10.24 billion in 2025 to USD 21.43 billion by 2034, at a CAGR of 8.45%. This expansion is fueled by the growing emphasis on regular vehicle maintenance, coupled with significant investments by automotive workshops in advanced servicing machinery.
Market Highlights
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Asia Pacific generated the highest revenue in the garage equipment market.
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North America is poised to grow at a significant CAGR during the forecast period.
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By Vehicle Type:
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Passenger vehicles held the largest market share.
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Commercial vehicles are expected to register notable growth.
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By Equipment Type:
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Lifting equipment dominated the market segment.
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Leading Garage Equipment Companies
1. Arex Test Systems B.V.
About: Arex Test Systems B.V. is a European leader specializing in brake testing and diagnostic equipment for automotive workshops.
Products: Advanced brake testers, suspension testers, and emission testing equipment.
Market Cap: Privately held; operates extensively in European markets with a growing export base.
2. Aro Equipments Pvt. Ltd.
About: An Indian manufacturer known for a comprehensive range of garage and service station equipment.
Products: Tyre changers, wheel balancers, air compressors, and vehicle lifts.
Market Cap: Privately owned; strong domestic presence with export operations in Asia and Africa.
3. Boston Garage Equipment Ltd.
About: UK-based supplier of MOT and garage equipment with a reputation for high-precision testing tools.
Products: MOT testing bays, vehicle lifts, brake testers, and workshop accessories.
Market Cap: Privately held; significant footprint in the UK’s automotive service industry.
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4. Continental AG
About: A global automotive technology company headquartered in Germany.
Products: Automotive service tools, diagnostic equipment, and tyre service systems.
Market Cap: Approx. USD 21 billion (as of 2025); strong global presence in mobility solutions.
5. Gray Manufacturing Company Inc.
About: US-based manufacturer known for heavy-duty lifting and maintenance equipment.
Products: Portable lifting systems, jacks, and maintenance stands.
Market Cap: Privately owned; leading supplier to North American automotive and heavy vehicle service centers.
6. Robert Bosch GmbH
About: A leading German engineering and technology company with a strong footprint in the automotive sector.
Products: Diagnostic equipment, battery testers, and advanced vehicle service solutions.
Market Cap: Privately owned; operates in over 60 countries worldwide with billions in annual sales.
7. Vehicle Service Group
About: US-based conglomerate specializing in premium vehicle lifting and repair equipment.
Products: Automotive lifts, wheel service equipment, and collision repair systems.
Market Cap: Subsidiary of Dover Corporation; significant market share in global lifting solutions.
8. Istobal S.A.
About: Spanish manufacturer focusing on automotive washing and maintenance equipment.
Products: Automatic car wash systems, service station equipment, and maintenance solutions.
Market Cap: Privately held; strong presence in Europe, expanding in the Americas.
9. LKQ Coatings Ltd.
About: UK-based supplier of automotive refinishing products and equipment.
Products: Spray booths, refinishing tools, and repair shop equipment.
Market Cap: Part of LKQ Corporation, a NASDAQ-listed company valued at ~USD 13 billion.
10. Ravaglioli S.p.A
About: Italian manufacturer specializing in garage lifting and wheel service equipment.
Products: Vehicle lifts, wheel balancers, tyre changers, and wheel alignment systems.
Market Cap: Part of Vehicle Service Group; strong European market presence with global exports.
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Frequently Asked Questions (FAQs)
1. What is driving the growth of the garage equipment market?
The growth is driven by increased consumer demand for regular vehicle maintenance, technological advancements in servicing tools, and rising investments by workshops in advanced garage equipment.
2. Which region leads the global garage equipment market?
Asia Pacific currently leads in market revenue due to its vast automotive industry and high vehicle ownership rates.
3. Which equipment type dominates the market?
Lifting equipment holds the largest share, as it is essential for most vehicle servicing tasks.
4. Who are the top players in the garage equipment market?
Key players include Robert Bosch GmbH, Continental AG, Vehicle Service Group, Ravaglioli S.p.A, and Arex Test Systems B.V., among others.
5. What is the expected CAGR for the garage equipment market from 2025 to 2034?
The market is projected to grow at a CAGR of 8.45% during the forecast period.
Source : https://www.towardsautomotive.com/insights/garage-equipment-market-sizing