The automotive maintenance tools market is anticipated to grow at a significant CAGR of 4.8% during the forecast period (2022-2028). The practice of evaluating or checking the status of vehicle subsystems such as the engine, as well as maintaining or replacing parts and automobile fluids, is known as automotive maintenance. Automotive maintenance is performed at a certain frequency, when the vehicle has traveled a certain distance, or when the vehicle is not operating properly. Dismantling car systems for repair requires the use of automotive maintenance equipment. As a result, the vehicles are able to function correctly and run at their optimum efficiency. Additionally, automotive maintenance tools are needed to service or replace engine parts and fluids for vehicle safety and to avoid serious damage. Vehicle maintenance is required to guarantee vehicle safety, comfort, drivability, dependability, and lifespan. The demand for automotive maintenance tools is expanding rapidly as a result of fast improvements and the need to shorten the time necessary for transportation and logistics.
The global automotive maintenance tools market is segmented based on type and vehicle type. Based on the type, the market is sub-segmented into battery chargers, automotive specialized tools, creepers & creeper casters, drain & drip pans, electric vehicle charging stations, measuring cups/pitcher/scoop, and others. Among these types, the automotive specialized tools segment is expected to propel the growth of the market due to the increasing usage of automotive specialized tools in repairing and maintaining specific vehicles. Based on the vehicle type, the market is sub-segmented into passenger cars, LCV, and HCV.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Repairify announced global cooperation with Launch Tech, a provider of automobile diagnostic instruments and solutions. Repairify patents are licensed to Launch, and Repairify is named as the company’s preferred service provider. Repairify will be able to use Launch’s technologies, notably its SmartLink remote diagnostic system, in its product offerings as a result of the arrangement. Repairify will now be able to deliver remote OEM and OEM-compatible diagnostic and parts programming services in even more nations as a result of the arrangement.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- GreatNeck Inc., Mobletron Electronics Co. Ltd., R. Laurence Co., Inc., Ningbo Dicong Machinery Industrial & Trading Co., Ltd., Matco Tools (Danaher Corp.), and Thexton Manufacturing Co., among others.
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Global Automotive Maintenance Tools Market Report by Segment
By Type
- Battery Chargers
- Automotive Specialized Tools
- Creepers & Creeper Casters
- Drain & Drip Pans
- Electric Vehicle Charging Station
- Measuring Cups/Pitcher/Scoop
- Others
By Vehicle Type
- Passenger Cars
- LCV
- HCV
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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