Auto Repair Tools Market Insights Video

According to Cognitive Market Research, the global Auto Repair Tools market size was USD 25142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 10057.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7542.75 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5782.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 502.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
• Original Equipment Manufacturer (OEM) segment is the dominant distribution channel. OEM tools are often preferred by professional repair shops and dealerships due to their high quality, compatibility, and reliability with specific vehicle models