What is Automotive Light Duty Lifts Market Scope?
Automotive light duty lifts specialize in the vertical rise of the car from the ground. The lifts for vehicle usage are designed in such a way that vehicles are parked over the ramp of the lift. Intensifying government initiatives to support the development activity projects smart city is also driving growth factor for the automotive light duty lifts market. North America followed by Europe is dominating the automotive light-duty lifts market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BendPak Inc. (United States), Ari-Hetra (United States), Challenger Lifts Inc. (United States), Nussbaum Technologies GmbH (Germany), Stertil-Koni (United States), EAE Automotive Equipment (United Kingdom), Wuhu Gaochang Hydraulic Technology Co.,Ltd (China), Total Parking & Lifting Solutions Ltd (United Kingdom), Qingdao Chunfeng Machinery Co., Ltd. (China) and ATS Elgi Ltd. (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automotive Light Duty Lifts market study is being classified by Type (Four Post Lift, Two Post Lifts, Scissor Lifts, In-Ground Auto Lifts and Others), by Application (Residential and Commercial) and major geographies with country level break-up.
Global Automotive Light Duty Lifts is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
BendPak Inc. (United States), Ari-Hetra (United States), Challenger Lifts Inc. (United States), Nussbaum Technologies GmbH (Germany), Stertil-Koni (United States), EAE Automotive Equipment (United Kingdom), Wuhu Gaochang Hydraulic Technology Co.,Ltd (China), Total Parking & Lifting Solutions Ltd (United Kingdom), Qingdao Chunfeng Machinery Co., Ltd. (China) and ATS Elgi Ltd. (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Light Duty Lifts market by Type, Application and Region.
On the basis of geography, the market of Automotive Light Duty Lifts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 16th April 2020, BendPak acquired certain assets, including related intellectual property rights, from Garage Equipment Supply, Inc. and its related intellectual property holding company. The acquisition helps to extend BendPak’s fast-growing portfolio of brands and strengthens its product offering for car dealerships, fleet operators, repair shop owners, and car enthusiasts worldwide.
Influencing Market Trend
- The Popularity of Innovative Products
Market Drivers
- Demand for Optimizing Parking Space Usage
- Increasing Adoption of Smart Technologies to Save Labor Cost and Resource Exhaustion
Opportunities
- Increasing and Ongoing Number of Smart City Projects across the Globe Will Create the Room Of Opportunity for Automotive Light Duty Lifts
- Increasing Production of Vehicle and the Higher Purchasing Power of the Consumer Induced Extremely High Demand for the Automotive Light Duty Lifts
Restraints
- Problems Related with the Additional Fatigue on Long Trips and wear on the Truck Itself
Challenges
- System Integration Due To Wide Variety of Hardware and Software Platforms Involved
Key Target Audience
Automotive Light Duty Lifts Manufacturers, Automotive Light Duty Lifts Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:
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