Saudi Arabia Automotive Garage Equipment Market Growth, Size, Trends and Future Outlook
Saudi Arabia Automotive Garage Equipment Market Size- By Type, By Garage Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2480 | Pages: 1 - 109 | Formats*: |
| Category : Automotive & Transportation | |||
Saudi Arabia Automotive Garage Equipment Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Automotive Garage Equipment Market is estimated to reach USD 121.05 million by 2033 with a CAGR of 5.19%.
The report includes an in-depth analysis of the Saudi Arabia Automotive Garage Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "automotive garage equipment" describes a wide range of instruments and equipment utilized in auto repair and maintenance facilities. This equipment is intended to help technicians and mechanics diagnose, fix, and service cars more effectively. Air compressors, tire changers, wheel balancers, diagnostic scanners, brake lathes, and vehicle lifts are examples of common equipment found at automotive garages. Tire changers and wheel balancers make it easier to remove, install, and balance tires, while vehicle lifts are used to raise cars so that their undercarriages are easily accessible. While brake lathes are used to resurface brake rotors, diagnostic scanners help detect and troubleshoot issues with vehicles.
Market Opportunities and Challenges
Opportunities: Increasing Vehicle Sales and Emission Standards: According to the Saudi Ministry of Commerce and Industry, Saudi Arabia has the largest automotive industry in the Middle East, with new car sales making up about 40% of all vehicles sold in the area. Sales of new cars in the Kingdom topped 528,000 units in 2019, a 31% rise from the year before. The demand for garages and service centers for car repair and maintenance is being driven by increased sales and a total of almost 10 million vehicles in use, which is propelling the market for garage equipment. Furthermore, The demand for repair and maintenance services is driven by the growing global vehicle fleet and the average age of vehicles, which in turn drives the market for automotive garage equipment. These factors together have a significant impact on the automotive garage equipment market. Further driving the market's expansion are technological developments in cars, including as the incorporation of sophisticated electronic systems and hybrid or electric drivetrains, which need for specific tools and equipment for diagnosis and maintenance.
Challenges: There are significant limitations in the automobile garage equipment sector as well. One of the main obstacles is the high upfront cost of buying cutting-edge technology, which can be prohibitive for small-scale repair shops and individual car owners. The supply of competent workers is further limited by the need for specialists to complete considerable training due to the complexity of modern automobiles and their sophisticated systems. Furthermore, because automotive technology is developing so swiftly, equipment ages out of date very quickly and needs to be upgraded often. In addition, the market's accessibility to fake or subpar garage equipment jeopardizes the credibility and dependability of legitimate equipment producers. The market's growth and acceptance of automobile garage equipment are hampered by all of these concerns together.
Market Competitive Landscape
The Automotive Garage Equipment market in Saudi Arabia is moderately fragmented. Some of the market key players are AAA Arabian Auto Agency, Al Falah For Heavy Equipment, PMC. P.O Box, Sitaco, others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Garage Type, By Vehicle Type |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | AAA Arabian Auto Agency, Al Falah For Heavy Equipment, PMC. P.O Box, Sitaco, others. |
COVID-19 Impact on Saudi Arabia Automotive Garage Equipment Market
The Saudi Arabian market for automotive garage equipment has been significantly impacted by the COVID-19 outbreak. There was a noticeable drop in demand for automobile services, such as maintenance and repairs, due to lockdowns, travel restrictions, and economic uncertainty. The revenue streams of suppliers of equipment and services for automotive garages were impacted by the fact that many car owners chose to put off non-essential maintenance or went with less expensive options. Additionally, the disruption of supply chains caused on by international lockdowns and travel restrictions made it more difficult to get spare parts and equipment for car garages, which delayed servicing and repairs.
Key Target Audience:
- Household
Our in-depth analysis of the Saudi Arabia Automotive Garage Equipment Market includes the following segments:
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Key Topics Covered in the Report:
- Saudi Arabia Automotive Garage Equipment Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Automotive Garage Equipment Market
- Segmentation of Saudi Arabia Automotive Garage Equipment Market By Type (Lifting Equipment, Testing Equipment, Diagnostic Instruments, Wheel & Tire Service Equipment, Washing Equipment)
- Segmentation of Saudi Arabia Automotive Garage Equipment Market By Garage Type (OEM Dealership, Independent Garage)
- Segmentation of Saudi Arabia Automotive Garage Equipment Market By Vehicle Type (Passenger Cars, Commercial Vehicle)
- Expansion Analysis of Saudi Arabia Automotive Garage Equipment Market
- Problems and Obstacles in Saudi Arabia Automotive Garage Equipment Market
- Competitive Landscape in the Saudi Arabia Automotive Garage Equipment Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Automotive Garage Equipment Market
- Details on Current Investment in Saudi Arabia Automotive Garage Equipment Market
- Competitive Analysis of Saudi Arabia Automotive Garage Equipment Market
- Prominent Players in the Saudi Arabia Automotive Garage Equipment Market
- SWOT Analysis of Saudi Arabia Automotive Garage Equipment Market
- Saudi Arabia Automotive Garage Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Saudi Arabia Automotive Garage Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Automotive Garage Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Automotive Garage Equipment Market
7. Saudi Arabia Automotive Garage Equipment Market, By Type (USD Million)
7.1. Saudi Arabia Automotive Garage Equipment Market Value Share and Forecast, By Type, 2024-20337.2. Lifting Equipment7.3. Testing Equipment7.4. Diagnostic Instruments7.5. Wheel & Tire Service Equipment7.6. Washing Equipment
8. Saudi Arabia Automotive Garage Equipment Market, By Garage Type (USD Million)
8.1. Saudi Arabia Automotive Garage Equipment Market Value Share and Forecast, By Garage Type, 2024-20338.2. OEM Dealership8.3. Independent Garage
9. Saudi Arabia Automotive Garage Equipment Market, By Vehicle Type (USD Million)
9.1. Saudi Arabia Automotive Garage Equipment Market Value Share and Forecast, By Vehicle Type, 2024-20339.2. Passenger Cars9.3. Commercial Vehicle
10. Saudi Arabia Automotive Garage Equipment Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Automotive Garage Equipment Market Size and Market Share
11. Saudi Arabia Automotive Garage Equipment Market, By Type, 2020-2033 (USD Million)
11.1. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Type (2020-2026)11.2. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Type (2027-2033)
12. Saudi Arabia Automotive Garage Equipment Market, By Garage Type, 2020-2033 (USD Million)
12.1. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Garage Type (2020-2026)12.2. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Garage Type (2027-2033)
13. Saudi Arabia Automotive Garage Equipment Market, By Vehicle Type, 2020-2033 (USD Million)
13.1. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Vehicle Type (2020-2026)13.2. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Vehicle Type (2027-2033)
14. Saudi Arabia Automotive Garage Equipment Market, By Region, 2020-2033 (USD Million)
14.1. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Region (2020-2026)14.2. Saudi Arabia Automotive Garage Equipment Market Size and Market Share By Region (2027-2033)14.3. Eastern Region14.4. Northern Region14.5. Western Region14.6. Southern Region
15. Company Profile
15.1. AAA Arabian Auto Agency.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Al Falah For Heavy Equipment.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. PMC. P.O Box15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Sitaco.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Automotive Garage Equipment Market is projected to reach USD 121.05 million by 2033, growing at a CAGR of 5.19% during the forecast period.
Saudi Arabia Automotive Garage Equipment Market size from 2022. The Market is expected to reach USD 121.05 million by 2033, at a CAGR of 5.19% during the forecast period.
Saudi Arabia Automotive Garage Equipment Market CAGR of 5.19% during the forecast period.
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Saudi Arabia Automotive Garage Equipment Market size is 121.05 million from 2024 to 2033.
Saudi Arabia Automotive Garage Equipment Market Segment is covered By Type, By Garage Type, By Vehicle Type
The Middle East is anticipated to have the highest market share in the Saudi Arabia Automotive Garage Equipment Market.
The key players in the market include Companies Covered AAA Arabian Auto Agency, Al Falah For Heavy Equipment, PMC. P.O Box, Sitaco, others.
Tire changers and wheel balancers make it easier to remove, install, and balance tires, while vehicle lifts are used to raise cars so that their undercarriages are easily accessible
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