Shop Equipment Market Report 2026

The shop equipment market size has grown strongly in recent years. It will grow from $129.97 billion in 2025 to $141.73 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to growth in automotive repair workshops, expansion of vehicle ownership, rise in organized service centers, demand for faster repair turnaround, increasing regulatory inspections.

The shop equipment market size is expected to see strong growth in the next few years. It will grow to $201.03 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to electrification of vehicle fleets, increasing vehicle complexity, growth of commercial vehicle servicing, rising demand for predictive maintenance, expansion of aftermarket services. Major trends in the forecast period include workshop automation and smart equipment, integration of advanced vehicle diagnostics, adoption of space efficient shop equipment, rising demand for multi functional machines, focus on operator safety and ergonomics.

The growing popularity of electric automobiles is expected to support the expansion of the shop equipment market. Electric automobiles are vehicles powered primarily by electricity, using one or more electric motors for propulsion. Their rising adoption is driven by increasing environmental awareness, cost savings, and supportive government policies. Shop equipment plays a critical role in ensuring that electric vehicles are serviced safely and efficiently by providing the necessary tools and infrastructure for maintenance, repair, and charging. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that new electric car registrations in China reached 8.1 million in 2023, a 35% increase compared to 2022. Therefore, the rising popularity of electric vehicles is contributing to the growth of the shop equipment market.

Major companies in the shop equipment market are introducing innovative products, such as mobile column lift adapters, to enhance the versatility and efficiency of maintenance operations for electric vehicles and other modern automobiles. Mobile column lift adapters are adjustable components that attach to mobile column lifts, allowing these lifts to accommodate vehicles with different configurations and lifting points. For instance, in August 2024, Rotary, a US-based vehicle service equipment manufacturer, launched the Rotary Flex MAX Linker, a patent-pending remote-controlled device designed to improve the use of mobile column lifts in heavy-duty vehicle repair. This system enables technicians to link and control up to 18 Rotary Flex MAX mobile column lifts using a single remote, increasing efficiency, flexibility, and safety when servicing 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 range and strengthening its market position by incorporating advanced, specialized tools and technologies. Mountz Inc. is a US-based company known for producing high-precision torque tools used in shop equipment applications.

Major companies operating in the shop equipment market are Robert Bosch GmbH, Snap-on Incorporated, Stanley Black & Decker, Atlas Copco AB, Ingersoll Rand Ltd, Makita Corporation, Milwaukee Electric Tool Corporation, TTS Tooltechnic Systems AG & Co. KG, Matco Tools, Baileigh Industrial Inc., Grizzly Industrial Inc., JPW Industries Inc., Delta Power Equipment Corporation, Emerson Electric Co., Hitachi Koki Co Ltd, Hunter Engineering Company, BendPak Inc., Rotary Lift, Nussbaum Automotive Solutions, Ravaglioli S.p.A., Hofmann Megaplan GmbH.

North America was the largest region in the shop equipment market in 2025. The regions covered in the shop equipment market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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