Saudi Arabia Automotive Garage Equipment Market Growth and Size, Revenue, Rising Trends, Scope, Business Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research
A wide range of tools and equipment designed to facilitate the servicing, upkeep, and repair of automobiles in a workshop or garage are together referred to as “automotive garage equipment”. This category includes tools for welding, engine hoists, air compressors, tire changers, wheel balancers, hydraulic lifts, and diagnostic equipment. Hydraulic lifts raise cars to a comfortable working height and make it easier for workers to access the undercarriage for maintenance and inspections like oil changes. Air compressors provide power to pneumatic tools like impact wrenches and pneumatic grinders.
According to SPER market research, ‘Saudi Arabia Automotive Garage Equipment Market Size – By Product, By Application, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Automotive Garage Equipment Market is predicted to reach USD 121.05 million by 2033 with a CAGR of 5.19%.
Drivers: Furthermore, growing Automobile Sales and Emission Standards: The Saudi Ministry of Commerce and Industry reports that Saudi Arabia has the biggest automotive sector in the Middle East, with new car sales accounting for almost 40% of all automobile sales in the region. In 2019, new car sales in the Kingdom exceeded 528,000 units, a 31% increase from the previous year. The market for garage equipment is growing as a result of rising sales and the need for garages and service centers for auto repair and maintenance. There are currently close to 10 million cars on the road.
Challenges: The high upfront cost of purchasing modern technology is one of the primary barriers, as it might be expensive for small-scale repair shops and individual car owners. The complexity of modern cars and their intricate systems further restricts the supply of skilled labor, as specialists must undergo extensive training. In addition, since automotive technology is advancing so quickly, equipment ages out of date quickly and requires frequent upgrades. Furthermore, the availability of counterfeit or inferior garage equipment on the market puts the reputation and dependability of reputable equipment manufacturers in jeopardy. All of these issues combined limit the market’s ability to expand and absorb car garage equipment.
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The COVID-19 pandemic has had a major effect on the Saudi Arabian market for vehicle garage equipment. The need for auto services, like upkeep and repairs, has decreased as a result of travel bans, lockdowns, and unstable economic conditions. The fact that many automobile owners choose to put off necessary maintenance or go with less expensive options had an influence on the income streams of providers of equipment and services for automotive garages.
Furthermore, worldwide lockdowns and travel restrictions disrupted supply chains, making it more difficult for auto garages to obtain spare parts and equipment, which caused servicing and repairs to be delayed.
Additionally, Some of the market key players are AAA Arabian Auto Agency, Al Falah For Heavy Equipment, PMC. P.O Box, Sitaco, others.
KSA Automotive Garage Equipment Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Saudi Arabia Automotive Garage Equipment Market is segmented as; Lifting Equipment, Testing Equipment, Diagnostic Instruments, Wheel & Tire Service Equipment, Washing Equipment.
By Garage Type: Based on the Garage Type, Saudi Arabia Automotive Garage Equipment Market is segmented as; OEM Dealership, Independent Garage.
By Vehicle Type: Based on the Vehicle Type, Saudi Arabia Automotive Garage Equipment Market is segmented as; Passenger Cars, Commercial Vehicle.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
For More Information, refer to below link:-
KSA Automotive Garage Equipment Market Outlook
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