Garage Equipment Market Developments by 2031
The demand for garage equipment has again gained traction with the advent of autonomous vehicles. Increasing focus of the government towards electric vehicles has resulted in the requirements for equipment. Additionally, advanced connectivity features and sensors have also propelled the demand for garage equipment as a part of preventive maintenance. Key market players are focusing on strategic collaborations and product developments during the forecast period.
MARKET DYNAMICS
The garage equipment market is anticipated to grow in the forecast period owing to driving factors such as vehicle inspection mandates coupled with increasing sales of pre-owned vehicles. However, international trade regulations may hinder the growth of the garage equipment market during the forecast period. Nevertheless, strict emission regulations and demand for electronic control units in vehicles offer symbolic growth prospects for the key players of the garage equipment market in the coming years.
MARKET SCOPE
The "Global Garage Equipment Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of garage equipment market with detailed market segmentation by type, function, garage type, installation type, vehicle type, and geography. The global garage equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading garage equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global garage equipment market is segmented on the basis of type, function, garage type, installation type, and vehicle type. Based on type, the market is segmented as lifting equipment, diagnostic and testing equipment, emission equipment, body shop equipment, washing equipment, wheel and tire equipment, and others. By function, the market segmentation is done as mechanical and electronic. By garage type, the market is classified as OEM authorized garage and independent garage. On the basis of the installation type, the market is segmented as fixed and mobile. The market on the basis of the vehicle type is classified as passenger cars and commercial vehicles.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global garage equipment market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The garage equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting garage equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the garage equipment market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global garage equipment market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The garage equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting garage equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the garage equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the garage equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from garage equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for garage equipment in the global market. Below mentioned is the list of few companies engaged in the garage equipment market.
The report also includes the profiles of key garage equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years
- Arex Test Systems BV
- Aro Equipments Pvt. Ltd
- Boston Garage Equipment Ltd
- CEMB S.p.A.
- Continental AG
- Dover Corporation
- Fortive Corporation
- Gray Manufacturing
- Robert Bosch GmbH
- Snap-on Incorporated
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Garage Equipment Market - By Type
1.3.2 Garage Equipment Market - By Function
1.3.3 Garage Equipment Market - By Garage Type
1.3.4 Garage Equipment Market - By Installation Type
1.3.5 Garage Equipment Market - By Vehicle Type
1.3.6 Garage Equipment Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GARAGE EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GARAGE EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GARAGE EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. GARAGE EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. GARAGE EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GARAGE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LIFTING EQUIPMENT
7.3.1. Overview
7.3.2. Lifting Equipment Market Forecast and Analysis
7.4. DIAGNOSTIC AND TESTING EQUIPMENT
7.4.1. Overview
7.4.2. Diagnostic and Testing Equipment Market Forecast and Analysis
7.5. EMISSION EQUIPMENT
7.5.1. Overview
7.5.2. Emission Equipment Market Forecast and Analysis
7.6. BODY SHOP EQUIPMENT
7.6.1. Overview
7.6.2. Body Shop Equipment Market Forecast and Analysis
7.7. WASHING EQUIPMENT
7.7.1. Overview
7.7.2. Washing Equipment Market Forecast and Analysis
7.8. WHEEL AND TIRE EQUIPMENT
7.8.1. Overview
7.8.2. Wheel and Tire Equipment Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. GARAGE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1. OVERVIEW
8.2. FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. MECHANICAL
8.3.1. Overview
8.3.2. Mechanical Market Forecast and Analysis
8.4. ELECTRONIC
8.4.1. Overview
8.4.2. Electronic Market Forecast and Analysis
9. GARAGE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - GARAGE TYPE
9.1. OVERVIEW
9.2. GARAGE TYPE MARKET FORECASTS AND ANALYSIS
9.3. OEM AUTHORIZED GARAGE
9.3.1. Overview
9.3.2. OEM Authorized Garage Market Forecast and Analysis
9.4. INDEPENDENT GARAGE
9.4.1. Overview
9.4.2. Independent Garage Market Forecast and Analysis
10. GARAGE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION TYPE
10.1. OVERVIEW
10.2. INSTALLATION TYPE MARKET FORECASTS AND ANALYSIS
10.3. FIXED
10.3.1. Overview
10.3.2. Fixed Market Forecast and Analysis
10.4. MOBILE
10.4.1. Overview
10.4.2. Mobile Market Forecast and Analysis
11. GARAGE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
11.1. OVERVIEW
11.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
11.3. PASSENGER CARS
11.3.1. Overview
11.3.2. Passenger Cars Market Forecast and Analysis
11.4. COMMERCIAL VEHICLES
11.4.1. Overview
11.4.2. Commercial Vehicles Market Forecast and Analysis
12. GARAGE EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Garage Equipment Market Overview
12.1.2 North America Garage Equipment Market Forecasts and Analysis
12.1.3 North America Garage Equipment Market Forecasts and Analysis - By Type
12.1.4 North America Garage Equipment Market Forecasts and Analysis - By Function
12.1.5 North America Garage Equipment Market Forecasts and Analysis - By Garage Type
12.1.6 North America Garage Equipment Market Forecasts and Analysis - By Installation Type
12.1.7 North America Garage Equipment Market Forecasts and Analysis - By Vehicle Type
12.1.8 North America Garage Equipment Market Forecasts and Analysis - By Countries
12.1.8.1 United States Garage Equipment Market
12.1.8.1.1 United States Garage Equipment Market by Type
12.1.8.1.2 United States Garage Equipment Market by Function
12.1.8.1.3 United States Garage Equipment Market by Garage Type
12.1.8.1.4 United States Garage Equipment Market by Installation Type
12.1.8.1.5 United States Garage Equipment Market by Vehicle Type
12.1.8.2 Canada Garage Equipment Market
12.1.8.2.1 Canada Garage Equipment Market by Type
12.1.8.2.2 Canada Garage Equipment Market by Function
12.1.8.2.3 Canada Garage Equipment Market by Garage Type
12.1.8.2.4 Canada Garage Equipment Market by Installation Type
12.1.8.2.5 Canada Garage Equipment Market by Vehicle Type
12.1.8.3 Mexico Garage Equipment Market
12.1.8.3.1 Mexico Garage Equipment Market by Type
12.1.8.3.2 Mexico Garage Equipment Market by Function
12.1.8.3.3 Mexico Garage Equipment Market by Garage Type
12.1.8.3.4 Mexico Garage Equipment Market by Installation Type
12.1.8.3.5 Mexico Garage Equipment Market by Vehicle Type
12.2. EUROPE
12.2.1 Europe Garage Equipment Market Overview
12.2.2 Europe Garage Equipment Market Forecasts and Analysis
12.2.3 Europe Garage Equipment Market Forecasts and Analysis - By Type
12.2.4 Europe Garage Equipment Market Forecasts and Analysis - By Function
12.2.5 Europe Garage Equipment Market Forecasts and Analysis - By Garage Type
12.2.6 Europe Garage Equipment Market Forecasts and Analysis - By Installation Type
12.2.7 Europe Garage Equipment Market Forecasts and Analysis - By Vehicle Type
12.2.8 Europe Garage Equipment Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Garage Equipment Market
12.2.8.1.1 Germany Garage Equipment Market by Type
12.2.8.1.2 Germany Garage Equipment Market by Function
12.2.8.1.3 Germany Garage Equipment Market by Garage Type
12.2.8.1.4 Germany Garage Equipment Market by Installation Type
12.2.8.1.5 Germany Garage Equipment Market by Vehicle Type
12.2.8.2 France Garage Equipment Market
12.2.8.2.1 France Garage Equipment Market by Type
12.2.8.2.2 France Garage Equipment Market by Function
12.2.8.2.3 France Garage Equipment Market by Garage Type
12.2.8.2.4 France Garage Equipment Market by Installation Type
12.2.8.2.5 France Garage Equipment Market by Vehicle Type
12.2.8.3 Italy Garage Equipment Market
12.2.8.3.1 Italy Garage Equipment Market by Type
12.2.8.3.2 Italy Garage Equipment Market by Function
12.2.8.3.3 Italy Garage Equipment Market by Garage Type
12.2.8.3.4 Italy Garage Equipment Market by Installation Type
12.2.8.3.5 Italy Garage Equipment Market by Vehicle Type
12.2.8.4 United Kingdom Garage Equipment Market
12.2.8.4.1 United Kingdom Garage Equipment Market by Type
12.2.8.4.2 United Kingdom Garage Equipment Market by Function
12.2.8.4.3 United Kingdom Garage Equipment Market by Garage Type
12.2.8.4.4 United Kingdom Garage Equipment Market by Installation Type
12.2.8.4.5 United Kingdom Garage Equipment Market by Vehicle Type
12.2.8.5 Russia Garage Equipment Market
12.2.8.5.1 Russia Garage Equipment Market by Type
12.2.8.5.2 Russia Garage Equipment Market by Function
12.2.8.5.3 Russia Garage Equipment Market by Garage Type
12.2.8.5.4 Russia Garage Equipment Market by Installation Type
12.2.8.5.5 Russia Garage Equipment Market by Vehicle Type
12.2.8.6 Rest of Europe Garage Equipment Market
12.2.8.6.1 Rest of Europe Garage Equipment Market by Type
12.2.8.6.2 Rest of Europe Garage Equipment Market by Function
12.2.8.6.3 Rest of Europe Garage Equipment Market by Garage Type
12.2.8.6.4 Rest of Europe Garage Equipment Market by Installation Type
12.2.8.6.5 Rest of Europe Garage Equipment Market by Vehicle Type
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Garage Equipment Market Overview
12.3.2 Asia-Pacific Garage Equipment Market Forecasts and Analysis
12.3.3 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Type
12.3.4 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Function
12.3.5 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Garage Type
12.3.6 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Installation Type
12.3.7 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Vehicle Type
12.3.8 Asia-Pacific Garage Equipment Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Garage Equipment Market
12.3.8.1.1 Australia Garage Equipment Market by Type
12.3.8.1.2 Australia Garage Equipment Market by Function
12.3.8.1.3 Australia Garage Equipment Market by Garage Type
12.3.8.1.4 Australia Garage Equipment Market by Installation Type
12.3.8.1.5 Australia Garage Equipment Market by Vehicle Type
12.3.8.2 China Garage Equipment Market
12.3.8.2.1 China Garage Equipment Market by Type
12.3.8.2.2 China Garage Equipment Market by Function
12.3.8.2.3 China Garage Equipment Market by Garage Type
12.3.8.2.4 China Garage Equipment Market by Installation Type
12.3.8.2.5 China Garage Equipment Market by Vehicle Type
12.3.8.3 India Garage Equipment Market
12.3.8.3.1 India Garage Equipment Market by Type
12.3.8.3.2 India Garage Equipment Market by Function
12.3.8.3.3 India Garage Equipment Market by Garage Type
12.3.8.3.4 India Garage Equipment Market by Installation Type
12.3.8.3.5 India Garage Equipment Market by Vehicle Type
12.3.8.4 Japan Garage Equipment Market
12.3.8.4.1 Japan Garage Equipment Market by Type
12.3.8.4.2 Japan Garage Equipment Market by Function
12.3.8.4.3 Japan Garage Equipment Market by Garage Type
12.3.8.4.4 Japan Garage Equipment Market by Installation Type
12.3.8.4.5 Japan Garage Equipment Market by Vehicle Type
12.3.8.5 South Korea Garage Equipment Market
12.3.8.5.1 South Korea Garage Equipment Market by Type
12.3.8.5.2 South Korea Garage Equipment Market by Function
12.3.8.5.3 South Korea Garage Equipment Market by Garage Type
12.3.8.5.4 South Korea Garage Equipment Market by Installation Type
12.3.8.5.5 South Korea Garage Equipment Market by Vehicle Type
12.3.8.6 Rest of Asia-Pacific Garage Equipment Market
12.3.8.6.1 Rest of Asia-Pacific Garage Equipment Market by Type
12.3.8.6.2 Rest of Asia-Pacific Garage Equipment Market by Function
12.3.8.6.3 Rest of Asia-Pacific Garage Equipment Market by Garage Type
12.3.8.6.4 Rest of Asia-Pacific Garage Equipment Market by Installation Type
12.3.8.6.5 Rest of Asia-Pacific Garage Equipment Market by Vehicle Type
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Garage Equipment Market Overview
12.4.2 Middle East and Africa Garage Equipment Market Forecasts and Analysis
12.4.3 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Type
12.4.4 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Function
12.4.5 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Garage Type
12.4.6 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Installation Type
12.4.7 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Vehicle Type
12.4.8 Middle East and Africa Garage Equipment Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Garage Equipment Market
12.4.8.1.1 South Africa Garage Equipment Market by Type
12.4.8.1.2 South Africa Garage Equipment Market by Function
12.4.8.1.3 South Africa Garage Equipment Market by Garage Type
12.4.8.1.4 South Africa Garage Equipment Market by Installation Type
12.4.8.1.5 South Africa Garage Equipment Market by Vehicle Type
12.4.8.2 Saudi Arabia Garage Equipment Market
12.4.8.2.1 Saudi Arabia Garage Equipment Market by Type
12.4.8.2.2 Saudi Arabia Garage Equipment Market by Function
12.4.8.2.3 Saudi Arabia Garage Equipment Market by Garage Type
12.4.8.2.4 Saudi Arabia Garage Equipment Market by Installation Type
12.4.8.2.5 Saudi Arabia Garage Equipment Market by Vehicle Type
12.4.8.3 U.A.E Garage Equipment Market
12.4.8.3.1 U.A.E Garage Equipment Market by Type
12.4.8.3.2 U.A.E Garage Equipment Market by Function
12.4.8.3.3 U.A.E Garage Equipment Market by Garage Type
12.4.8.3.4 U.A.E Garage Equipment Market by Installation Type
12.4.8.3.5 U.A.E Garage Equipment Market by Vehicle Type
12.4.8.4 Rest of Middle East and Africa Garage Equipment Market
12.4.8.4.1 Rest of Middle East and Africa Garage Equipment Market by Type
12.4.8.4.2 Rest of Middle East and Africa Garage Equipment Market by Function
12.4.8.4.3 Rest of Middle East and Africa Garage Equipment Market by Garage Type
12.4.8.4.4 Rest of Middle East and Africa Garage Equipment Market by Installation Type
12.4.8.4.5 Rest of Middle East and Africa Garage Equipment Market by Vehicle Type
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Garage Equipment Market Overview
12.5.2 South and Central America Garage Equipment Market Forecasts and Analysis
12.5.3 South and Central America Garage Equipment Market Forecasts and Analysis - By Type
12.5.4 South and Central America Garage Equipment Market Forecasts and Analysis - By Function
12.5.5 South and Central America Garage Equipment Market Forecasts and Analysis - By Garage Type
12.5.6 South and Central America Garage Equipment Market Forecasts and Analysis - By Installation Type
12.5.7 South and Central America Garage Equipment Market Forecasts and Analysis - By Vehicle Type
12.5.8 South and Central America Garage Equipment Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Garage Equipment Market
12.5.8.1.1 Brazil Garage Equipment Market by Type
12.5.8.1.2 Brazil Garage Equipment Market by Function
12.5.8.1.3 Brazil Garage Equipment Market by Garage Type
12.5.8.1.4 Brazil Garage Equipment Market by Installation Type
12.5.8.1.5 Brazil Garage Equipment Market by Vehicle Type
12.5.8.2 Argentina Garage Equipment Market
12.5.8.2.1 Argentina Garage Equipment Market by Type
12.5.8.2.2 Argentina Garage Equipment Market by Function
12.5.8.2.3 Argentina Garage Equipment Market by Garage Type
12.5.8.2.4 Argentina Garage Equipment Market by Installation Type
12.5.8.2.5 Argentina Garage Equipment Market by Vehicle Type
12.5.8.3 Rest of South and Central America Garage Equipment Market
12.5.8.3.1 Rest of South and Central America Garage Equipment Market by Type
12.5.8.3.2 Rest of South and Central America Garage Equipment Market by Function
12.5.8.3.3 Rest of South and Central America Garage Equipment Market by Garage Type
12.5.8.3.4 Rest of South and Central America Garage Equipment Market by Installation Type
12.5.8.3.5 Rest of South and Central America Garage Equipment Market by Vehicle Type
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. GARAGE EQUIPMENT MARKET, KEY COMPANY PROFILES
14.1. AREX TEST SYSTEMS BV
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. ARO EQUIPMENTS PVT. LTD
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. BOSTON GARAGE EQUIPMENT LTD
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. CEMB S.P.A.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. CONTINENTAL AG
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. DOVER CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. FORTIVE CORPORATION
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. GRAY MANUFACTURING
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. ROBERT BOSCH GMBH
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. SNAP-ON INCORPORATED
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Arex Test Systems BV
2. Aro Equipments Pvt. Ltd
3. Boston Garage Equipment Ltd
4. CEMB S.p.A.
5. Continental AG
6. Dover Corporation
7. Fortive Corporation
8. Gray Manufacturing
9. Robert Bosch GmbH
10. Snap-on Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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