Press release
Automotive Lifts Market Scope by Manufacturers, Countries, Product Types, Application Type and Forecast during 2017-2026 Including Key Vendors - BendPak Inc., PEAK Corp, Nussbaum Automotive Solutions LP, Challenger Lifts Inc., Rotary Lift, EAE Automotive
FactMR’s latest offering is a comprehensive market analysis and forecast study on the global market for automotive lifts. This report serves as valuable business document for automotive industry participants operating in the automotive lifts marketplace. Manufacturers of automotive lifts from across the globe can avail this study to assess the cross-comparable statistics that reveal the overall market sizes, market share, company shares and geographic market diversities.
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For the past decade, high volume growth in vehicle sales has created problems for automotive manufacturers, garages stations, and tire vendors. Compared to the fleet of vehicles that hit the roads every year, garage owners have faced difficulties while handling these large number in limited work spaces. From an OEM standpoint, manufacturing vast units of vehicles demands a greater utility of lifting systems, considering the confined spaces of manufacturing plants. Automotive lifts have served a key purpose of space optimization in today’s automotive landscape. In the future, their role will be instrumental in avoiding congestion problems across garages, OEM plants and tire stations.
FactMR 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.
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.
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.
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hroughout 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.
Table of Contents
Global Economic Outlook
Global Automotive Lifts Market - Executive Summary
2.1. Global Automotive Lifts Market – Opportunity Analysis & Mega Trends
Global Automotive Lifts Market Overview
3.1. Introduction
3.1.1. Global Automotive Lifts Market Taxonomy
3.1.2. Global Automotive Lifts Market Definition
3.2. Global Automotive Lifts Market Size (US$ Mn) & volume (Unit) and Forecast, 2012-2026
3.2.1. Global Automotive Lifts Market Y-o-Y Growth
3.3. Impactful Trends Transforming Automotive industry to High-Tech Industry
3.4. Key Challenges and Opportunities for Automotive Industry
3.5. Global Automotive Lifts Market Dynamics
3.5.1. Market Drivers
3.5.2. Market Restraints
3.5.3. Market trends
3.5.3.1. Impact Analysis by Product Type
3.5.3.2. Impact Analysis by Application Type
3.6. Value Chain
3.7. List of New Entrants
3.8. Global Automotive Lifts Market Forecast Factors
3.9. Technology Roadmap
3.10. PEST Analysis
3.11. Porter's Five Forces
3.12. Product Life Cycle analysis
3.13. Global Automotive Lifts Market Scenario forecast
3.13.1. Conservative Scenario
3.13.2. Likely Scenario
3.13.3. Optimistic Scenario
Continued……………………………….
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global 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.
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