Press release
Automotive Lifts Market Estimated to Cross US $1300.0 Million by 2023 | Worldwide leading manufacturers - Rotary, ARI-HETRA, Challenger Lifts, Ravaglioli
Automotive Lifts Market
Global Automotive Lifts Market Overview:
The Automotive Lifts industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Lifts market size to maintain the average annual growth rate of 0.0295711560947 from 1020.0 million $ in 2014 to 1180.0 million $ in 2018, Market analysts believe that in the next few years, Automotive Lifts market size will be further expanded, we expect that by 2023, The market size of the Automotive Lifts will reach 1300.0 million $.
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Top Industry News:
Rotary, More than 25,000 Rotary members from 170 countries are expected to attend the service organization’s 110th annual international convention in Hamburg 1–5 June 2019, which is estimated to bring €24 million into the local economy.
Challenger Lifts, With 14,000 and 19,000 lb. capacity models, Challenger Lifts’ Mobile Column Lifts are the perfect choice for flexibility and convenience. Able to lift any rubber-tired vehicle, from small passenger cars to the largest two, three or four axle vehicles, Mobile Column Lifts provide power without taking up an entire bay.
The major Factors of Global Automotive Lifts market, such as an Strict standards on safety of working environments in garages will drive the adoption of automotive lifts.
The Global Automotive Lifts Market report additionally covers segment information, including Product Type segment, Application: Industry segment, End User, Channel segment. On the basis of Product type segment into Two-post lifts, Four-post lifts, Scissor lifts.
According to the Global Automotive Lifts Market Product type segment, the growing popularity of environment-friendly vehicle lifts will be one of the key trends in the automotive two-post lifts market that will gain immense traction over the next five years. Fleet maintenance and repair service shops are increasingly moving toward manufacturing green automotive lifts. The segments of the automotive lift are made with components that are mostly recyclable and durable.
According to regions, North America and Europe accounted for a substantial share of the global Automotive Lifts market due to the presence of a high number of vehicle garages, dealers, and parking lots in these regions. The Asia Pacific is expected to hold a considerable share of the global market share by 2023 due to the rising number of garages in the region.
Top Leading Key Manufacturers are: Bendpak-Ranger, Rotary, ARI-HETRA, Challenger Lifts, Ravaglioli, Nussbaum and More.
This investigation answers to the underneath key inquiries:
1 Who are the top players operating in the Automotive Lifts market?
2 What are the driving factors, restraints, opportunities, and challenges in the Automotive Lifts market?
3 What are the industry trends and the current scenario of the Automotive Lifts market?
4 What are the growth trends in the Automotive Lifts market at segmental and overall market levels?
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Global Automotive Lifts Market 2019-2023: The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Automotive Lifts market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion.
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