Automotive Lift Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2026

Published on : Feb-2020 | List of Tables : 72 | List of Figures : 134 | No. of Pages : 170 | Report Code : FACT525MR |

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.

Product

Lifting Capacities

End Use Application

Region

  • Four-Post Car Lift
  • Two-Post Car Lift
  • Scissor Car Lift
  • Portable Car Lift
  • In-Ground Car Lift
  • Alignment Car Lift
  • Mobile Column Car Lift
  • Parking Lift
  • 4000-9000 lbs
  • 9000-12000 lbs
  • 12000-15000 lbs
  • 15000-20000 lbs
  • 20000-35000 lbs
  • Above 35000 lbs
  • Garage
  • Auto Manufacturers
  • Tire Manufacturers
  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Ex. Japan
  • MEA

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