This Shop Equipment market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The shop equipment market size has grown strongly in recent years. It will grow from $119.79 billion in 2024 to $131.53 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growth in manufacturing sectors, rapid urbanization and infrastructure projects, increasing demand in the automotive industry spurred demand for shop equipment, rising investments in industrial sectors, and growing environment awareness.
The shop equipment market size is expected to see strong growth in the next few years. It will grow to $188.48 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing focus on sustainable practices, the adoption of eco-friendly manufacturing, the growth of construction sectors, the proliferation of e-commerce and digital platforms, and the growing popularity of electric automobiles. Major trends in the forecast period include the adoption of Industry 4 technologies, growth in additive manufacturing (3D printing), adoption of automation and robotics, adoption of the internet of things (IoT), and innovations with smart equipment.
The increasing adoption of electric vehicles is projected to drive growth in the shop equipment market. Electric vehicles, powered primarily by electricity and utilizing one or more electric motors for propulsion, are gaining popularity due to rising environmental awareness, cost-efficiency, and supportive government policies. Shop equipment plays a crucial role in maintaining these vehicles safely and effectively, offering the essential tools and infrastructure for maintenance, repair, and charging. For example, in March 2023, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales exceeded 10 million units in 2022. Additionally, 14% of all new cars sold in 2022 were electric, up from approximately 9% in 2021. This surge in electric vehicle popularity is expected to drive growth in the shop equipment market.
Leading companies in the shop equipment market are focusing on creating innovative products, such as mobile column lift adapters, to improve the versatility and efficiency of maintenance operations for electric vehicles and other modern vehicles. Mobile column lift adapters are adjustable components that attach to mobile column lifts, enabling them to lift vehicles with different configurations and lifting points. For example, in August 2024, Rotary, a US-based vehicle service equipment company, introduced the Rotary Flex MAX Linker, a patent-pending remote-controlled device designed to enhance the use of mobile column lifts in heavy-duty vehicle repair. The Flex MAX Linker enables automotive technicians to link and control up to 18 Rotary Flex MAX mobile column lifts using a single remote control. This product is intended to increase the efficiency, flexibility, and safety of lifting large vehicles, such as heavy-duty trucks, multi-axle buses, coaches, and railway wagons.
In November 2023, Snap-on, a US-based manufacturer of tools and equipment, acquired Mountz Inc. for approximately $40 million. This acquisition supports Snap-on's strategy of expanding its product portfolio and strengthening its market position by incorporating specialized tools and technologies. Mountz Inc., a US-based company, specializes in high-precision torque tools and other shop equipment.
Major companies operating in the shop equipment market are Robert Bosch GmbH, Caterpillar Inc., Stanley Black & Decker, Atlas Copco AB, Textron Inc., Ingersoll Rand Ltd, Makita Corporation, Snap-on Incorporated, Husqvarna Group, Milwaukee Electric Tool Corporation, TTS Tooltechnic Systems AG & Co. KG, Matco Tools, Grizzly Industrial Inc., Klein Tools, JPW Industries Inc., Delta Power Equipment Corporation, Siemens AG, Baileigh Industrial Inc., Emerson Electric Co., Hitachi Koki Co Ltd.
North America was the largest region in the shop equipment market in 2024. The regions covered in the shop equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shop equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Shop equipment encompasses the tools, machinery, and apparatus used in workshops and retail stores to support business operations. The variety of equipment depends on the industry and specific tasks involved.
The main types of shop equipment include lifting equipment, body shop equipment, wheel and tire service equipment, vehicle diagnostic and testing equipment, and washing equipment. In an automotive setting, lifting equipment refers to devices designed to raise and support vehicles for maintenance and repair. This equipment is distributed through various channels, including direct and indirect sales, and is utilized for applications involving both passenger and commercial vehicles.
The shop equipment market research report is one of a series of new reports that provides shop equipment market statistics, including shop equipment industry global market size, regional shares, competitors with a shop equipment market share, detailed shop equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the shop equipment industry. This shop equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The shop equipment market consists of the sale of retail shop equipment, workshop equipment, automotive shop equipment, and food service shop equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The shop equipment market size has grown strongly in recent years. It will grow from $119.79 billion in 2024 to $131.53 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growth in manufacturing sectors, rapid urbanization and infrastructure projects, increasing demand in the automotive industry spurred demand for shop equipment, rising investments in industrial sectors, and growing environment awareness.
The shop equipment market size is expected to see strong growth in the next few years. It will grow to $188.48 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing focus on sustainable practices, the adoption of eco-friendly manufacturing, the growth of construction sectors, the proliferation of e-commerce and digital platforms, and the growing popularity of electric automobiles. Major trends in the forecast period include the adoption of Industry 4 technologies, growth in additive manufacturing (3D printing), adoption of automation and robotics, adoption of the internet of things (IoT), and innovations with smart equipment.
The increasing adoption of electric vehicles is projected to drive growth in the shop equipment market. Electric vehicles, powered primarily by electricity and utilizing one or more electric motors for propulsion, are gaining popularity due to rising environmental awareness, cost-efficiency, and supportive government policies. Shop equipment plays a crucial role in maintaining these vehicles safely and effectively, offering the essential tools and infrastructure for maintenance, repair, and charging. For example, in March 2023, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales exceeded 10 million units in 2022. Additionally, 14% of all new cars sold in 2022 were electric, up from approximately 9% in 2021. This surge in electric vehicle popularity is expected to drive growth in the shop equipment market.
Leading companies in the shop equipment market are focusing on creating innovative products, such as mobile column lift adapters, to improve the versatility and efficiency of maintenance operations for electric vehicles and other modern vehicles. Mobile column lift adapters are adjustable components that attach to mobile column lifts, enabling them to lift vehicles with different configurations and lifting points. For example, in August 2024, Rotary, a US-based vehicle service equipment company, introduced the Rotary Flex MAX Linker, a patent-pending remote-controlled device designed to enhance the use of mobile column lifts in heavy-duty vehicle repair. The Flex MAX Linker enables automotive technicians to link and control up to 18 Rotary Flex MAX mobile column lifts using a single remote control. This product is intended to increase the efficiency, flexibility, and safety of lifting large vehicles, such as heavy-duty trucks, multi-axle buses, coaches, and railway wagons.
In November 2023, Snap-on, a US-based manufacturer of tools and equipment, acquired Mountz Inc. for approximately $40 million. This acquisition supports Snap-on's strategy of expanding its product portfolio and strengthening its market position by incorporating specialized tools and technologies. Mountz Inc., a US-based company, specializes in high-precision torque tools and other shop equipment.
Major companies operating in the shop equipment market are Robert Bosch GmbH, Caterpillar Inc., Stanley Black & Decker, Atlas Copco AB, Textron Inc., Ingersoll Rand Ltd, Makita Corporation, Snap-on Incorporated, Husqvarna Group, Milwaukee Electric Tool Corporation, TTS Tooltechnic Systems AG & Co. KG, Matco Tools, Grizzly Industrial Inc., Klein Tools, JPW Industries Inc., Delta Power Equipment Corporation, Siemens AG, Baileigh Industrial Inc., Emerson Electric Co., Hitachi Koki Co Ltd.
North America was the largest region in the shop equipment market in 2024. The regions covered in the shop equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shop equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Shop equipment encompasses the tools, machinery, and apparatus used in workshops and retail stores to support business operations. The variety of equipment depends on the industry and specific tasks involved.
The main types of shop equipment include lifting equipment, body shop equipment, wheel and tire service equipment, vehicle diagnostic and testing equipment, and washing equipment. In an automotive setting, lifting equipment refers to devices designed to raise and support vehicles for maintenance and repair. This equipment is distributed through various channels, including direct and indirect sales, and is utilized for applications involving both passenger and commercial vehicles.
The shop equipment market research report is one of a series of new reports that provides shop equipment market statistics, including shop equipment industry global market size, regional shares, competitors with a shop equipment market share, detailed shop equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the shop equipment industry. This shop equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The shop equipment market consists of the sale of retail shop equipment, workshop equipment, automotive shop equipment, and food service shop equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Shop Equipment Market Characteristics3. Shop Equipment Market Trends and Strategies4. Shop Equipment Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Shop Equipment Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Shop Equipment Market34. Recent Developments in the Shop Equipment Market
5. Global Shop Equipment Growth Analysis and Strategic Analysis Framework
6. Shop Equipment Market Segmentation
7. Shop Equipment Market Regional and Country Analysis
8. Asia-Pacific Shop Equipment Market
9. China Shop Equipment Market
10. India Shop Equipment Market
11. Japan Shop Equipment Market
12. Australia Shop Equipment Market
13. Indonesia Shop Equipment Market
14. South Korea Shop Equipment Market
15. Western Europe Shop Equipment Market
16. UK Shop Equipment Market
17. Germany Shop Equipment Market
18. France Shop Equipment Market
19. Italy Shop Equipment Market
20. Spain Shop Equipment Market
21. Eastern Europe Shop Equipment Market
22. Russia Shop Equipment Market
23. North America Shop Equipment Market
24. USA Shop Equipment Market
25. Canada Shop Equipment Market
26. South America Shop Equipment Market
27. Brazil Shop Equipment Market
28. Middle East Shop Equipment Market
29. Africa Shop Equipment Market
30. Shop Equipment Market Competitive Landscape and Company Profiles
31. Shop Equipment Market Other Major and Innovative Companies
35. Shop Equipment Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Shop Equipment Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on shop equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for shop equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shop equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Lifting Equipment; Body Shop Equipment; Wheel and Tire Service Equipment; Vehicle Diagnostic and Testing Equipment; Washing Equipment2) By Distribution Channel: Direct Sales; Indirect Sales
3) By Application: Passenger Vehicle; Commercial Vehicle
Subsegments:
1) By Lifting Equipment: Vehicle Lifts (Two-Post, Four-Post, Scissor Lifts); Jacks and Jacking Systems; Hydraulic Lifts; Alignment Lifts2) By Body Shop Equipment: Collision Repair Equipment; Frame Straightening Machines; Dent Repair Equipment; Paint Booths and Paint Drying Systems
3) By Wheel and Tire Service Equipment: Tire Changers; Wheel Balancers; Tire Pressure Monitoring Systems (TPMS) Tools; Tire Inflators and Deflators
4) By Vehicle Diagnostic and Testing Equipment: Diagnostic Scanners and Scopes; Emissions Testing Equipment; Battery Testers and Chargers; OBD-II Diagnostic Tools
5) By Washing Equipment: Car Wash Systems (Automatic, Self-Serve); Pressure Washers; Foam Wash Systems; Underbody Wash Systems
Key Companies Mentioned: Robert Bosch GmbH; Caterpillar Inc.; Stanley Black & Decker; Atlas Copco AB; Textron Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Shop Equipment market report include:- Robert Bosch GmbH
- Caterpillar Inc.
- Stanley Black & Decker
- Atlas Copco AB
- Textron Inc.
- Ingersoll Rand Ltd
- Makita Corporation
- Snap-on Incorporated
- Husqvarna Group
- Milwaukee Electric Tool Corporation
- TTS Tooltechnic Systems AG & Co. KG
- Matco Tools
- Grizzly Industrial Inc.
- Klein Tools
- JPW Industries Inc.
- Delta Power Equipment Corporation
- Siemens AG
- Baileigh Industrial Inc.
- Emerson Electric Co.
- Hitachi Koki Co Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 131.53 Billion |
Forecasted Market Value ( USD | $ 188.48 Billion |
Compound Annual Growth Rate | 9.4% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |