Market Overview:
The global shop equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and rising investments in automotive infrastructure across the globe. The lifting equipment segment is expected to hold the largest share of the global shop equipment market by type during the forecast period. This can be attributed to its growing demand for heavy-duty applications in automotive workshops and garages. The body shop equipment segment is projected to grow at a higher CAGR than other segments during the forecast period, owing to its increasing use for repairing collision damage on automobiles.
Product Definition:
Shop equipment is a general term for any type of tool or machine that is used in a shop, garage, or workshop. Shop equipment can be used for a variety of tasks, such as cutting metal or wood, drilling holes, sanding surfaces, and assembling parts. The most common types of shop equipment include power tools (such as drills and saws), hand tools (such as hammers and screwdrivers), machines tools (such as lathes and mills), and measuring instruments (such as rulers and calipers).
Lifting Equipment:
Lifting equipment is used to raise or lower the weight in a shop. It can be used for various applications such as changing the height of work surfaces, loading and unloading materials, etc. The lifting equipment market is driven by factors such as growing industrialization and rapid urbanization leading to an increase in infrastructure spending. Moreover, increasing government initiatives towards developing smart cities are also expected to fuel growth over the forecast period.
Body Shop Equipment:
Body shop equipment is used in the automotive industry for removing paint, rust & dents from automobile parts and restoring them to their original appearance. The major components of body shop equipment include sanders, grinders, polishers, paintshooters & spray guns. Polishing machines are widely used owing to their ability to remove scratches from metal surfaces while maintaining the shape and size of grains. Grinders are extensively used for grinding down large pieces of metal until they fit precisely into required dimensions.
Application Insights:
The passenger vehicle segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger vehicles from developing countries such as China, India and Brazil. Furthermore, stringent government regulations regarding reduction in pollution levels coupled with rising awareness about environmental protection are expected to drive industry growth over the coming years.
Commercial vehicle application segment was valued at USD 381 billion in 2017 owing to high product demand across end-use industries including mining, construction and agriculture among others which require regular maintenance services along with repair & replacement of damaged equipment parts on an urgent basis during operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of Asia Pacific can be attributed to increasing demand for shop equipment from developing countries such as India, China, and Japan. Furthermore, rising automotive production in these countries coupled with growing sales of commercial vehicles is anticipated to drive regional growth.
The Middle East & Africa region is projected to grow at a lucrative rate over the forecast period owing to rapid industrialization along with increasing investments in various sectors including automotive and construction equipment. Moreover, favorable government regulations aimed at promoting domestic manufacturing are likely boost industry expansion over the coming years.
Growth Factors:
- Increasing demand for technologically advanced and innovative shop equipment
- Growing number of small and medium-sized businesses
- Rising investments in the automotive sector
- Proliferation of online shopping platforms
- Technological advancements in shop equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Shop Equipment Market Research Report
By Type
Lifting Equipment, Body Shop Equipment, Wheel and Tire Service Equipment, Vehicle Diagnostic and Testing Equipment, Washing Equipment, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Arex Test Systems, Boston Garage Equipment, Robert Bosch, Continental, Aro Equipment, LKQ Coatings, Istobal, Con Air Equipment, Vehicle Service Group, Gray Manufacturing, Samvit Garage Equipment, Sarveshwari Technologies Limited (SARV), Oil Lube Systems, Guangzhou Jingjia Auto Equipment, Nussbaum Automotive Solutions, BendPak
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Shop Equipment Market Report Segments:
The global Shop Equipment market is segmented on the basis of:
Types
Lifting Equipment, Body Shop Equipment, Wheel and Tire Service Equipment, Vehicle Diagnostic and Testing Equipment, Washing Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arex Test Systems
- Boston Garage Equipment
- Robert Bosch
- Continental
- Aro Equipment
- LKQ Coatings
- Istobal
- Con Air Equipment
- Vehicle Service Group
- Gray Manufacturing
- Samvit Garage Equipment
- Sarveshwari Technologies Limited (SARV)
- Oil Lube Systems
- Guangzhou Jingjia Auto Equipment
- Nussbaum Automotive Solutions
- BendPak
Highlights of The Shop Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lifting Equipment
- Body Shop Equipment
- Wheel and Tire Service Equipment
- Vehicle Diagnostic and Testing Equipment
- Washing Equipment
- Others
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shop Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shop equipment is any piece of equipment used in a business to produce or sell goods. This can include machines, tools, and other physical objects.
Some of the major players in the shop equipment market are Arex Test Systems, Boston Garage Equipment, Robert Bosch, Continental, Aro Equipment, LKQ Coatings, Istobal, Con Air Equipment, Vehicle Service Group, Gray Manufacturing, Samvit Garage Equipment, Sarveshwari Technologies Limited (SARV), Oil Lube Systems, Guangzhou Jingjia Auto Equipment, Nussbaum Automotive Solutions, BendPak.
The shop equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shop Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shop Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shop Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shop Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shop Equipment Market Size & Forecast, 2020-2028
4.5.1 Shop Equipment Market Size and Y-o-Y Growth
4.5.2 Shop Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lifting Equipment
5.2.2 Body Shop Equipment
5.2.3 Wheel and Tire Service Equipment
5.2.4 Vehicle Diagnostic and Testing Equipment
5.2.5 Washing Equipment
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shop Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shop Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lifting Equipment
9.6.2 Body Shop Equipment
9.6.3 Wheel and Tire Service Equipment
9.6.4 Vehicle Diagnostic and Testing Equipment
9.6.5 Washing Equipment
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lifting Equipment
10.6.2 Body Shop Equipment
10.6.3 Wheel and Tire Service Equipment
10.6.4 Vehicle Diagnostic and Testing Equipment
10.6.5 Washing Equipment
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lifting Equipment
11.6.2 Body Shop Equipment
11.6.3 Wheel and Tire Service Equipment
11.6.4 Vehicle Diagnostic and Testing Equipment
11.6.5 Washing Equipment
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lifting Equipment
12.6.2 Body Shop Equipment
12.6.3 Wheel and Tire Service Equipment
12.6.4 Vehicle Diagnostic and Testing Equipment
12.6.5 Washing Equipment
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lifting Equipment
13.6.2 Body Shop Equipment
13.6.3 Wheel and Tire Service Equipment
13.6.4 Vehicle Diagnostic and Testing Equipment
13.6.5 Washing Equipment
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shop Equipment Market: Competitive Dashboard
14.2 Global Shop Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arex Test Systems
14.3.2 Boston Garage Equipment
14.3.3 Robert Bosch
14.3.4 Continental
14.3.5 Aro Equipment
14.3.6 LKQ Coatings
14.3.7 Istobal
14.3.8 Con Air Equipment
14.3.9 Vehicle Service Group
14.3.10 Gray Manufacturing
14.3.11 Samvit Garage Equipment
14.3.12 Sarveshwari Technologies Limited (SARV)
14.3.13 Oil Lube Systems
14.3.14 Guangzhou Jingjia Auto Equipment
14.3.15 Nussbaum Automotive Solutions
14.3.16 BendPak
