Press release
Global Automotive Lifts Market 2017: Industry Estimated to Exceed US$ 9.9 billion by 2026-end
Fact.MR
Request for Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=525
Fact.MR foresees the global market for automotive lifts to reflect a sub-par CAGR of 4.7% in terms of value over the period, 2017-2026. The commercial scope of automotive lifts is pegged to become wider in the coming years. More number of independent garages being set up across the world will directly influence the adoption of automotive lifts. In addition, high initial investments of OEMs towards setting up manufacturing units will not deter them from buying expensive and advanced automotive lifts that offer long-term service life.
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.
Browse Full Report with TOC- https://www.factmr.com/report/525/automotive-lifts-market
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.
Throughout the forecast period, more than one-third share of automotive lifts sold in the world are estimated to be used in garage applications. By the end of 2026, garages from all across the world will be installing nearly 2,300 thousand units of automotive lifts.
Competition Tracking
BendPak, Inc., PEAK Corp, Nussbaum Automotive Solutions LP, Challenger Lifts, Inc., Rotary Lift, EAE Automotive Equipment Co.Ltd., SUGIYASU Co.Ltd., Stertil-Koni USA, Inc., Ravaglioli S.p.A and ARI-HETRA – have been identified as key players in the global automotive lifts market. In the future, finding a balance between adherence to automotive lift manufacturing standards and compliance to diverse end-use requirements will characterize the market’s manufacturing landscape.
Request Methodology of the Report- https://www.factmr.com/connectus/sample?flag=RM&rep_id=525
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com
Web: https://www.factmr.com/
Get More Industry Insights At: https://www.linkedin.com/company/factmr
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Lifts Market 2017: Industry Estimated to Exceed US$ 9.9 billion by 2026-end here
News-ID: 1066224 • Views: …
More Releases from Fact.MR
European Switch Mode Power Supply Transformers Market Outlook 2025-2035: Innovat …
The global switch-mode power supply transformers market is set to grow substantially in the next decade, fueled by expanding demand for energy-efficient power electronics, increasing deployment of renewable energy systems, and rapid growth in consumer electronics. The market is projected to expand from USD 1.8 billion in 2025 to approximately USD 3.2 billion by 2035, representing a compound annual growth rate (CAGR) of about 6.2%.
Key Market Highlights
2025 Market Value: USD…
Uk Soy Leghemoglobin Industry Outlook 2025-2035: Innovation, Growth, and Demand …
The soy leghemoglobin ingredient market in the United Kingdom is emerging as a strategic frontier in the alternative-protein space. While global projections estimate the soy leghemoglobin market to grow rapidly over the next decade, the UK industry is navigating a complex landscape shaped by regulatory constraints, consumer sentiment, and strong potential for future adoption.
Key Market Dynamics in the UK
Soy leghemoglobin is an iron-rich, heme-bearing protein produced via precision fermentation in…
European Sciatica Treatment Market Outlook 2025-2035: Key Developments and Futur …
The global sciatica treatment market is poised for substantial growth over the next decade as populations age, sedentary lifestyles proliferate, and non-opioid pain management solutions gain traction. Market value is expected to climb from USD 5.6 billion in 2025 to approximately USD 11.8 billion by 2035, reflecting a compound annual growth rate (CAGR) of around 7.7%.
Key Market Highlights
2025 Market Size: USD 5.6 billion
2035 Forecast Value: USD 11.8 billion
Projected CAGR (2025-2035):…
European Soy Sauce Market Outlook 2025-2035: Key Developments and Future Scope
The global soy sauce market is poised for substantial growth over the next decade, driven by escalating demand for savory umami condiments, the expansion of Asian cuisine globally, and an increased focus on healthier, blended soy sauce options. The market is forecast to grow from USD 59.1 billion in 2025 to approximately USD 93.0 billion by 2035, achieving a compound annual growth rate (CAGR) of 4.6%.
Key Market Highlights
2025 Market Size:…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
