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Global Automotive Lifts Market Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026
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Garages to represent most profitable end-use applications of automotive lifts
In 2018 and beyond, more than one-third of automotive lifts manufactured in the world will be used in garages. Strict standards on safety of working environments in garages will drive the adoption of automotive lifts. Considering that major vehicle repairs entail working under the car, the uptake for automotive lifts will overtake that of car jacks. Long service life of automotive lifts will also drive their use in home garages. By the end of 2026, nearly 2,300 thousand units of automotive lifts will be installed in garages worldwide.
Demand for automotive lifts to witness a significant growth in North America
In North America, the US reflects a lucrative marketplace for adoption of automotive lifts. Almost every other US household owns a car if not a fleet of vehicles. High household incomes has extended the presence of home garages across the US. Meanwhile, Canada’s strict regulatory stance towards building safe environments in automotive manufacturing and aftermarket repair works has further bolstered the sales of automotive lifts in North America. By the end of 2026, nearly 2,250 thousand units of automotive lifts will be installed across North America. However, the report markedly estimates the Middle East & Africa automotive lifts market to reflect highest volume CAGR over the forecast period. Vehicle customization trends and robust growth in automotive aftermarkets across the Middle Eastern countries will factor the region’s high volume growth for automotive lifts.
More number of scissor car lifts, four-post car lifts and mobile column car lifts will be installed globally
Majority of automotive lifts sold in the world are estimated to be scissor car lifts. In 2017, over 1,000 thousand units of scissor car lifts were sold globally. While the report foresees the demand for scissor car lifts to dwindle in the coming years, their global market volume share will continue to be dominant compared to other types of lifts. Four-post car lifts will witness a steady demand for their advantages in terms of easy installation and affordable costs. Mobile column car lifts will witness a sharp increase in demand, while portable car lifts will showcase highest volume growth at 5.4% CAGR over the forecast period.
Growing trend of manufacturing lightweight vehicles will keep market players focused upon preliminary lifting capacities
Majority of automotive lift manufacturers will be focusing on offering lifting capacity of 4,000-9,000 lbs. In 2018 and beyond, almost every other car will be developed with a focus on keeping it light in weight, considering their role in boosting fuel efficiency and overall performance of the vehicle.
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The report has analyzed the global automotive lifts market on the basis of above segments and sub-segments. On the basis of an extensive analysis, the report estimates the global automotive lifts sales in terms of volume to surpass 6,400 thousand units by the end of 2026.
End-use of automotive lifts in garages will witness a steady upswing through 2026
For boosting the safety of working environments, garage owners from several parts of the world are installing automotive lifts. Majority of vehicle repairs are being fixed by working under the car, and automotive lifts serve this purpose more effectively than jacks. Besides offering a safe environment to work in, automotive lifts also ease the operations in a garage. The increased space is an added advantage of installing automotive lifts. Several automotive lift manufacturers are considering the custom requirements of garage owners to offer best solutions towards space optimization.
Increasing costs of spare parts, high replacement rate of these components and feasible labor costs make commercial garages profitable businesses, which in turn drives the usability of advanced of automotive lifts that come at slightly high costs. While catering to the demands of commercial garages will remain highly profitable for automotive lift manufacturers, several companies will also capture the sharp increase in demand across home garages. Low heights of home garages may create certain challenges for existing product lines, but companies are offering redesigned automotive lifts that adjust to such environments.
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