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Garage Equipment Market Expected to Grow At a CAGR of 9.4% between 2020-2028

2020 - 2028 Global Garage Equipment Market

2020 - 2028 Global Garage Equipment Market

HYDERABAD, TELANGANA, INDIA, March 2, 2022 / -- Garage Equipment Market Forecasts to 2028 – Global Analysis By Garage Type (Original Equipment Manufacturer (OEM) Authorized Garage, Franchise Garage, Independent Garage) and By Geography

The Global Garage Equipment Market is accounted for $6.55 billion in 2020 and is expected to reach $13.43 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Factors such as rising sales of pre-owned vehicles, increasing vehicular design changes, and increasing purchasing power of customers are driving the growth of the market. However, unfavourable trade regulations are hampering the growth of the market. The emission equipment segment is anticipated to expand at a rapid pace during the forecast period due to the increasing pollution levels along with the rising awareness regarding environmental protection. North America is going to have high growth during the forecast period which can be attributed to the increasing demand for premium connected vehicles and fuel-efficient vehicles.

Some of the key players profiled in the Garage Equipment Market include Robert Bosch GmbH, Continental AG, Dover Corporation, Boston Garage Equipment Ltd, Gray Manufacturing Company, Beissbarth Automotive Service Equipment, Fortive Corporation, Maha Maschinenbau Haldenwang GmbH & Co, Cemb S.P.A, Snap-On Incorporated, Arex Test Systems B.V., Aro Equipments Pvt. Ltd, Manatec Electronics Private Limited, Sarveshwari Engineers, and Oil Lube Systems Pvt Ltd.

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