Garages to be Most Profitable End Users for Automotive Lifts
Strict regulations on safety of working environments have put encumbrances on garages & workshop owners. Garage owners are therefore focusing on installing automotive lifts. Besides offering a safe environment to work in, automotive lifts also ease operations in garages. The increased space is an added advantage for installing automotive lifts. Several automotive lift manufacturers are focused on providing custom solutions to garage owners to offer best solutions for space optimization.
Increasing costs of spare parts, high replacement rate of components and feasible labor costs make commercial garages profitable businesses, which in turn drives the installation rate of advanced automotive lifts. It is projected that more than one third automotive lifts are projected to be sold via garages, throughout the assessment period of 2019 – 2026. Surpassing a value opportunity of more than US$ 2.8 Bn the newest report by Fact.MR estimates the market to grow at a steady CAGR of more than 4.2% during the assessment period of 2019 – 2026.
Scissor Lifts to Lead the Way throughout the Assessment Period
Heightened demand for safety equipment that occupies minimal space and provides high throughput in working environment has significantly increased in the last few years. Scissor lifts are fully retracted and take up very little space in the operating environment. This saves operational time and helps to eliminate potential body twisting injuries. Further, even distribution of working load reduces the incidents of lift failure. Scissor lifts became the utmost installed automotive lift in 2019. In same year, one in every four lifts sold in global market were estimated to be a scissor lift. Owing to these factors, scissor lifts are gaining rapid prominence and are predicted to grow 1.3X during the assessment period.
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Motorization Rates and Improved Vehicle Runs will Stoke Growth of Automotive Lift Market
On the backdrop of robust sales in automotive sector, global motorization rate is expected to surpass 400 vehicle per 1000 population in coming decades form nearly 230 in 2019, vehicle run per kilometer has also increased. This has led to increased component replacement and maintenance. In modern vehicles, most of the components are fixed or replaced under the car. Vehicles are required to be at a certain height for under body work to be carried out effectively. For this reason, garages and automotive manufacturing units will be equipped with automotive lifts in the foreseeable future.
Developed Regions Grasp More Than 70% Share of Automotive Lifts Demand
North America and Europe will emerge as lucrative marketplaces for adoption of automotive lifts owing to the existence of high number of vehicles per capita. For instance, in U.S. almost every household owns a car if not a fleet of vehicles. North America and Europe collectively held more than 70% of the automotive lift demand in 2019, owing to their stringent regulatory stance on building a safe environment in automotive manufacturing and aftermarket repair works.
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Stakeholders Targeting Preliminary Lifting Capacities and Low Height Lifts
Catering to the demands of commercial garages will always remain highly profitable for automotive lift manufacturers. However, in the last couple of years, demand for automotive lifts have seen a sharp increase across home garages in developed regions. The low height of home garages may create certain challenges for existing product lines. However several companies are offering redesigned automotive lifts that are suitable in low height environment along with lifting capability of 4000-9000 lbs. Prominent players in the market such as BendPak, Inc., Challenger Lifts, Inc., Nussbaum Automotive Solutions LP, Rotary Lift, Stertil-Koni USA, Inc., SUGIYASU Co.Ltd, ARI-HETRA, Ravaglioli S.p.A, PEAK Corp and EAE Automotive Equipment Co.Ltd., among others will continue to extend their product offerings such as lower height lifts with preliminary lifting capacities. Finding a balance between adherence to automotive lift manufacturing standards and compliance with diverse end-use requirements will characterize the market’s manufacturing landscape.
Automotive Lift Market - Scope of the Report
Fact.MR recently published a market study on the global market for automotive Lift. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the automotive Lift market structure. The market study presents exclusive information about how the automotive Lift market will grow during the forecast period of 2019-2026.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive Lift market in the forecast period.
The study is relevant for stakeholders in the automotive Lift market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the automotive Lift market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the automotive Lift market. It also offers actionable insights based on future trends in the automotive Lift market. Furthermore, small businesses and new entrants in the automotive Lift market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Automotive Lift Market
Fact.MR’s study on the automotive Lift market offers information divided into four key segments— product, lifting capabilities, end use application and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Lifting Capacities |
End Use Application |
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Key Questions Answered in the Fact.MR’s Automotive Lift Market Report
- Which regions will continue to remain the most profitable regional markets for automotive Lift market players?
- Which factors will induce a change in the demand for automotive Lift during the assessment period?
- How will changing trends impact the automotive Lift market?
- How can market players capture the low-hanging opportunities in the automotive Lift market in developed regions?
- Which companies are leading the automotive Lift market?
- What are the winning strategies of stakeholders in the automotive Lift market to upscale their position in this landscape?
Automotive Lift Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive Lift market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of automotive Lift market study includes statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Executive Summary – Automotive Lift Market
1.1. Global Market Outlook
1.2. Summary of Key Findings
1.3. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
5. Market Background
5.1. Global Automotive Industry Outlook, By Region
5.1.1. Global Automotive Production & Forecast
5.1.1.1. Automotive Production Y-o-Y Growth
5.1.2. Global Automotive Sales & Forecast
5.1.2.1. Automotive Sales Y-o-Y Growth
5.1.3. Global Vehicle Parc Analysis
5.1.3.1. Vehicle Parc Y-o-Y Growth
5.2. Global Automotive Aftermarket Overview
5.3. Trends Transforming Automotive industry to High-Tech Industry
5.4. Technological Advancement in Automotive Lift
5.5. Key Market Developments/Product Launch
5.6. Macro-Economic Factors - Relevance & Impact Analysis
5.7. Investment Feasibility Matrix
5.8. Forecast Factors - Relevance & Impact
5.9. Value Chain Analysis and Operating Margins
5.9.1. List of Key Manufacturers
5.9.2. List of End-Users
5.9.3. Profit Margin Analysis at Each Node of Supply Chain
5.10. Market Dynamics
5.10.1. Growth Drivers and Impact Analysis
5.10.2. Prominent Market Challenges and Impact Analysis
5.10.3. Industry Trends and Impact Analysis
5.10.4. Opportunities in Automotive Lift Market & Impact Analysis
6. Global Automotive Lift Market Demand Analysis 2012-2018 and Forecast, 2019-2026
6.1. Historical Market Volume (Units) Analysis, 2012-2018
6.2. Current Market Volume (Units) Projections, 2019-2026
6.3. Y-o-Y Growth Trend Analysis
7. Global Automotive Lift Market - Pricing Analysis
7.1. Regional Pricing Analysis, By Product
7.2. Global Average Pricing Analysis Benchmark
7.3. Factors Influencing Pricing
8. Global Automotive Lift Market Demand (in Value or Size in US$ Mn) Analysis 2012-2018 and Forecast, 2019-2026
8.1. Historical Market Value (US$ Mn) Analysis, 2012-2018
8.2. Current Market Value (US$ Mn) Projections, 2019-2026
8.2.1. Y-o-Y Growth Trend Analysis
8.2.2. Absolute $ Opportunity Analysis
9. Global Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026, by Product
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2012 - 2018
9.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2019 - 2026
9.3.1. Four-Post Car Lift
9.3.2. Two-Post Car Lift
9.3.3. Scissor Car Lift
9.3.4. Portable Car Lift
9.3.5. In-Ground Car Lift
9.3.6. Alignment Car Lift
9.3.7. Mobile Column Car Lift
9.3.8. Parking Lift
9.4. Market Attractiveness Analysis By Product
10. Global Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026, by Lifting Capacity
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Lifting Capacity, 2012 - 2018
10.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Lifting Capacity, 2019 - 2026
10.3.1. 4000-9000 lbs
10.3.2. 9000-12000 lbs
10.3.3. 12000-15000 lbs
10.3.4. 15000-20000 lbs
10.3.5. 20000-35000 lbs
10.3.6. Above 35000 lbs
10.4. Market Attractiveness Analysis By Lifting Capacity
11. Global Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026, by End User
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End User, 2012 - 2018
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By End User, 2019 - 2026
11.3.1. Garage
11.3.2. Auto Manufacturers
11.3.3. Tire Manufacturers
11.4. Market Attractiveness Analysis By End User
12. Global Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026, By Region
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2012 - 2018
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019 - 2026
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Japan
12.3.5. Asia Pacific Excluding Japan (APEJ)
12.3.6. Middle East & Africa
12.4. Market Attractiveness Analysis By Region
13. North America Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
13.4.1. By Country
13.4.1.1. U.S.
13.4.1.2. Canada
13.4.2. By Product
13.4.3. By Lifting Capacity
13.4.4. By End User
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product
13.5.3. By Lifting Capacity
13.5.4. By End User
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Latin America Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Argentina
14.4.1.4. Rest of Latin America
14.4.2. By Product
14.4.3. By Lifting Capacity
14.4.4. By End User
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product
14.5.3. By Lifting Capacity
14.5.4. By End User
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Europe Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. UK
15.4.1.3. France
15.4.1.4. Italy
15.4.1.5. Nordic
15.4.1.6. Rest of Europe
15.4.2. By Product
15.4.3. By Lifting Capacity
15.4.4. By End User
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product
15.5.3. By Lifting Capacity
15.5.4. By End User
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Japan Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
16.4.1. By Product
16.4.2. By Lifting Capacity
16.4.3. By End User
16.5. Market Attractiveness Analysis
16.5.1. By Product
16.5.2. By Lifting Capacity
16.5.3. By End User
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. APEJ Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
17.4.1. By Country
17.4.1.1. China
17.4.1.2. India
17.4.1.3. Australia & New Zealand
17.4.1.4. ASEAN
17.4.1.5. Rest of APEJ
17.4.2. By Product
17.4.3. By Lifting Capacity
17.4.4. By End User
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product
17.5.3. By Lifting Capacity
17.5.4. By End User
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Automotive Lift Market Analysis 2012-2018 and Forecast 2019-2026
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2012 - 2018
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2026
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. South Africa
18.4.1.3. Israel
18.4.1.4. Turkey
18.4.1.5. Rest of MEA
18.4.2. By Product
18.4.3. By Lifting Capacity
18.4.4. By End User
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product
18.5.3. By Lifting Capacity
18.5.4. By End User
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies (Automotive Lift)
19.2. Market Concentration
19.3. Market Share Analysis
19.4. Market Presence Analysis
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. BendPak Inc.
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. Challenger Lift, Inc.
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. Nussbaum Automotive Solutions LP
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. Dover Corp-Rotary Lift
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. Stertil-Koni USA, Inc.
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. SUGIYASU Co.Ltd
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. ARI-HETRA
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. Ravaglioli S.p.A
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.9. PEAK Corp
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.10. EAE Automotive Equipment Co.Ltd.
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
20.3.11. GUANGZHOU GAOCHANG HYDRAULIC ELECTROMECHANICAL TECHNIC CO.,LTD
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Sales Footprint
20.3.11.4. Strategy Overview
20.3.12. Dannmar Equipment
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Sales Footprint
20.3.12.4. Strategy Overview
20.3.13. Titan Lift, LLC
20.3.13.1. Overview
20.3.13.2. Product Portfolio
20.3.13.3. Sales Footprint
20.3.13.4. Strategy Overview
20.3.14. Hunter Engineering Company
20.3.14.1. Overview
20.3.14.2. Product Portfolio
20.3.14.3. Sales Footprint
20.3.14.4. Strategy Overview
20.3.15. Cascos Maquinaria
20.3.15.1. Overview
20.3.15.2. Product Portfolio
20.3.15.3. Sales Footprint
20.3.15.4. Strategy Overview
20.3.16. Other prominent Players
21. Assumptions and Acronyms Used
22. Research Methodology
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Automotive Lift Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2026