Interconnection between office floor and shop floor to be witnessed by the Automotive Multifunctional Lift Systems Market

Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast period. Multifunctional lift systems are used both at the manufacturing site and service stations for effective manufacturing and repairing of the vehicles in stipulated timeframe.

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Automotive Multifunctional Lift Systems Market: Dynamics

Proper maintenance of vehicles is highly recommended in order to keep them fuel efficient and in sync with the carbon emission regulations. Rising awareness among consumers and increasing fuel prices are the major macro-economic factors driving the demand for automotive service stations and in turn, for multifunctional lift systems, across the globe.

Major challenges faced by multifunctional lift system manufacturers are to avoid oil leakage and motor drive problems while lifting the vehicles in case of hydraulic lift and electrically driven lift, respectively. These challenges are directly responsible for increasing the maintenance cost and reducing process efficiency due to time delay involved. Safety of the technician working with the lift remain a critical issue for all multifunctional lift manufacturers in order to avoid any accident.

On the technology front, opportunity exists for manufacturers to introduce more reliable and innovative design, lightweight, portable, safer and mobile lift systems that can work efficiently at lower maintenance costs.

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Automotive Multifunctional Lift Systems Market: Regional Outlook

Regionally, global automotive multi-functional lift system market is segmented into seven key regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Middle East & Africa and Japan.

Automotive Multifunctional Lift Systems Market: Key Players

Key players identified in the global automotive multi-functional lift systems market include - Servo Tech India, EAE Automotive Equipment Co., Ltd., Dannmar Equipment, Konecranes, Rotary Lift, Advantage lift, SEFAC USA Inc., Nussbaum Automotive Solutions, Mohawk Resources, Ltd. And others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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