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Garage Equipment Market is Dominated by the North American Region

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Pramod Kumr
Garage Equipment Market is Dominated by the North American Region

The size of the garage equipment market is about USD 9,320.5 million in 2023, which will touch USD 13,390.8 million by 2030, powering at a compound annual growth rate of 5.4% by the end of this decade. 

This is as a result of the enormous increase in the production and vehicle sales, because of tech progressions and the snowballing populace all over the globe. 


Moreover, these automobiles are significantly reliant on on precise sensor standardization and precise wheel alignment. Garages are needed to have advanced calibration and alignment apparatus to guarantee optimum performance, which, improves the growth potential of the industry.


Independent garages dominate the garage equipment market with a share of 65%, and it will grow at a rate of about 5.8%. 

This has a lot to do with the surging strictness of emission standards to control pollution. The increasing concerns regarding the environment among governments and consumers have increased the requirement for sustainable and eco-friendly practices in the automotive sector.


 This has brought about fundings in cutting-edge emission testing and control equipment to cope with these regulations.

North America is the leader of the industry, with a share, of 45%, and it will grow considerably, at a rate of about 5.8%. 

 The introduction of autonomous and electric cars all over the world has a lot to do with the increasing demand for garage equipment. The trend will continue in the years to come as well.


This study covers

•            Major factors driving the market and their impact during the short, medium, and long terms

•            Market restraints and their impact during the short, medium, and long terms

•            Recent trends and evolving opportunities for the market participants

•            Historical and the present size of the market segments and understand their comparative future potential

•            Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

•            Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

•            Major players operating in the market and their service offerings


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Pramod Kumr
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