Surface mounted ground type lifts are used mostly in automotive manufacturing plants, garages, and other servicing centers. Several types of lifts are employed according to application; however, two-post surface mounted lifts are highly popular among several end-users. Automotive lifts are driven mechanically, hydraulically, or electronically. They provide strong support and offer reliable solutions during vehicle servicing.

Increased number of on-road vehicles and demand for automotive garages is projected to fuel the demand for automotive lift at a rapid pace during the forecast period. Likewise, growing production of passenger cars and commercial cars across the globe, owing to increase in per capita income, lower interest rates, and strong demand from consumers, is anticipated to drive the automotive lift market during the forecast period. Garage owners are opting for automotive lifts in order to enhance car servicing provided by them. Furthermore, increase in number of independent and OEM based garages is anticipated to boost the automotive lift market during the forecast period.

The global automotive lift market can be segmented based on type, material, end-use, lifting capacity, and region. Different types of automotive lifts are available which use according to their specific applications. Based on type, the automotive lift market can be classified into two-post lift, four-post lift, in-ground lift, and others. Two-post lifts are highly popular type of lift and hence, the segment is anticipated to hold a major share of the automotive lift market. Most independent garages employ two-post lifts, which offer good flexibility in work stations and they can be operated mechanically, hydraulically, or electronically. Two-post lifts are come with different load carrying capacities with at a lower price, as compared to other types of lifts.

Based on end-use, the automotive lift market can be bifurcated into OEM-based garages and independent garages. OEMs are undertaking aggressive steps as well as investing heavily in their service stations in order to provide better service facility and capture the aftermarket business. This, in turn, is anticipated to drive the automotive lift market during the forecast period.

The automotive lift market can be segregated into load carrying capacity in which different capacity automotive lifts are manufacture by considering the applications. In terms of load capacity, the automotive lift market can be segregated into 4000-9000 lbs, 9000-12000 lbs, 12000-15000 lbs, and others.

In terms of region, the automotive lift market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific holds a major share of the global market owing to the presence of several independent garages and OEM garages. Furthermore, rise in sales of passenger vehicles, due to demand from consumers.  Several factors such as increase in per capita income, and availability of low cost vehicle models propelling the car sales in the region. Likewise, the market in North America and Europe is expanding at a steady pace. Presence of several independent garages in Europe and North America is boosting the automotive lift market in these regions.

Key players operating in the automotive lift market include ARI-HETRA, AUTOPSTENHOJ, BendPak Inc., CASCOS MAQUINARIA, S.A., Challenger Lifts, Dannmar Equipment, Guangzhou Gaochang Hydraulic Technology Co., Ltd, Hunter Engineering Company, and HYWEMA.

 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.