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The global automotive garage equipment market in 2022 was US$ 24.4 billion and is estimated to be US$ 26.8 billion in 2023. Future Market Insights has mentioned in its reports that the smart agriculture solution market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totalling around US$ 63.1 billion by 2033.

Key Takeaways from the Market Study

The global automotive garage equipment market expanded at a CAGR of 7.12% between 2017 and 2022.
Demand for automotive garage equipment is projected to increase at a 4.3% CAGR, in comparison with the 3.7% CAGR registered between 2018 and 2022.
The United States is home to a large automotive industry holding a significant part with a value share of 31.2%.
North America’s automotive garage market is expected to account for 36.9% of the total market share.
China is expected to set to account for 40.3% of the global market share.
Japan holds a market share of 16.9%.
Introduction of new franchisee garages in India is expected to boost the market in the forthcoming years with a CAGR of 7.15%.
Increasing sales of two-wheelers such as mopeds, motorbikes, and scooters in the country are expected to boost the market in Australia at a CAGR of 6%.
Europe’s automotive garage equipment market is forecasted to account for 54.1% of the total market share, notably driven by increasing sales of luxury vehicles.
Two-wheeler mobility solutions in the United Kingdom at a CAGR of 7.92%.
Refurbishment of old garages is likely to drive sales of garage lift systems.
Sales of lifting equipment are expected to remain high over the assessment period with a market share of 44%.
Servicing premium cars are estimated to boost demand for independent garages for car workshops.
Inexpensive labor costs and the growing availability of premium car servicing equipment might drive sales with a market share of 33.2%.
Increasing repair services for passenger vehicles is expected to boost sales of light vehicles.
Sales in the light vehicles segment are projected to increase over the forthcoming years with a market share of 23.1%.
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High demand for electric and hybrid passenger vehicles across the globe acts as one of the major drivers of the automotive garage equipment market”, comments a Future Market Insights Analyst.

Key Innovation of the Market Players in the Market

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The company is exhibiting for the first time at a show and on the international market. This innovative high-end equipment is aimed at increasing profitability in carwashes and improving the user experience through efficient and connected technology.

Some of the prominent players in the global market are-

MAHA Maschinenbau Haldenwang Gmbh & Co. KG
Snap-on Incorporated
Robert Bosch GmbH
Continental AG
Forward Lift Company (Dover Corporation)
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach Srl
Nussbaum Automotive Solutions
SAMVIT GARAGE EQUIPMENT
Sarveshwari Engineers
PULI Industries (Guangzhou Jingjia Auto Equipment Co., Ltd.)
Boston Garage Equipment Ltd.
Arex Test Systems B.V.
LKQ Coatings Ltd.
Aro Equipments Pvt. Ltd
Istobal S.A.
Con Air Equipment Private Limited
Oil Lube Systems Pvt Ltd.
Gray Manufacturing Company, Inc.
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Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive garage equipment market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive garage equipment market is segmented based on major By Vehicles: (2 Wheelers, Light Vehicles, Heavy Vehicles), By Equipment: (Lifting Equipment, Body Shop Equipment, Wheel & Tire Alignment, Vehicle Diagnostics & Testing, Washing Equipment, Other Tools), By Garage: (OEM, Franchisee Garages, Independent Garages), By Region: (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

Automotive Garage Equipment Market Segmentation

By Vehicle:

2 Wheelers
Light Vehicles
Heavy Vehicles
By Equipment:

Lifting Equipment
Body Shop Equipment
Wheel & Tire Alignment
Vehicle Diagnostics & Testing
Washing Equipment
Other Tools

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OEM Insulation Market Growth Focusing on Trends & Innovations During the Period Until 2027


OEM Insulation Market Surge to Witness Huge Demand at a CAGR of 5.90% during the forecast period 2027.

Market research report such as OEM Insulation Market report proves to be an ideal solution when it comes to better understanding of the Chemical and Materials industry and lead the business growth. Market definitions, segmentation, applications, and value chain structure of the Chemical and Materials industry are all mentioned in the report. The report provides current as well as upcoming technical and financial details of the industry to 2029. According to the first class OEM Insulation Market report, the market renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers, and acquisitions.




Global OEM Insulation Market By Material Type (Foamed Plastics, Mineral Wool/Fiber, Other Insulating Materials), End-Use Industry (Industrial, Consumer, Transportation), Insulation Type (Blanket, Rolls & Butts, Loose Fill & Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia & Thailand

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OEM Insulation Market Scope and Market Size

OEM insulation market is segmented on the basis of material type, insulation type and end-use industry.

On the basis of material type, OEM insulation market is segmented into foamed plastics, mineral wool/fiber and other insulating materials. Formed plastics have been further segmented into polyurethane & polyisocyanurate foam, expanded polystyrene foam (EPS), extruded polystyrene foam(XPS) and other foams. Other foams have been further sub segmented into cellular glass/foamed glass, phenolic foam, closed cell elastomeric foam and melamine foam. Mineral wool/fiber is further segmented into stone wool, glass wool, slag wool and ceramic fiber. Other insulating materials have been further segmented into calcium silicate, cellulose, perlite and aerogel.
Based on insulation type, OEM insulation market is segmented into blanket, rolls & butts, loose fill & others.
Market Analysis and Insights : OEM Insulation Market
Surging usage of energy efficient equipment’s, increasing growth of various end-use industries, rising awareness among the people regarding health, prevalence of improvised infrastructure will helps in enhancing the growth of the OEM insulation market in the forecast period of 2020-2027. Availability of aerosol as a substitute of glass wool will further boost many opportunities that will lead to the growth of OEM insulation market in the above mentioned forecast period.
This OEMinsulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
It's in your best interest to take this report into consideration because:
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The machine condition monitoring market is an unparalleled and worldwide market research report that conducts industry analysis on products, markets, companies, industries and many countries worldwide. This industry document analyses market information related to specific stock, currency, commodity and geographic region or country.
OEM Insulation Market Country Level Analysis

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

OEM Insulation Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. 

The analysis covered in the finest OEM Insulation Market report gives clear idea on various segments that are relied upon to view the quickest business development in the course of the estimate forecast frame. A variety of steps are employed while generating this report and the inputs from a specialized team of researchers, analysts and forecasters have been utilized here. An increasing value of global research in this era of globalization opens the door of global market for the products. The large scale OEM Insulation Market report examines rising opportunities in the Chemical and Materials industry and associated influencing factors which are valuable for the businesses.



Key player OEM Insulation Market

The major players covered in the OEM Insulation Market report are:

Johns Manville
Knauf Insulation
Saint-Gobain
ROCKWOOL International A/S
Owens Corning
3M
Aspen Aerogels, Inc
Armacell India Pvt Ltd
Autex Industries Limited

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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six : OEM Insulation Market Share by Product & Procedure type
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