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.
Influencing Trend:
The Popularity of Innovative Products
Market Growth Drivers:
Demand for Optimizing Parking Space Usage and Increasing Adoption of Smart Technologies to Save Labor Cost and Resource Exhaustion
Challenges:
System Integration Due To Wide Variety of Hardware and Software Platforms Involved
Restraints:
Problems Related with the Additional Fatigue on Long Trips and wear on the Truck Itself
Opportunities:
Increasing and Ongoing Number of Smart City Projects across the Globe Will Create the Room Of Opportunity for Automotive Light Duty Lifts and Increasing Production of Vehicle and the Higher Purchasing Power of the Consumer Induced Extremely High Demand for the Automotive Light Duty Lifts
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 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).
Market Influencers and their Development Strategies
In February 2022, The Stertil Group, part of Citadel Enterprises based in Kootstertille, Netherlands, acquired Nussbaum Custom Lifts GmbH and Nussbaum World Lifts GmbH in Kehl, Germany. A class vehicle lifting solution to the vehicle maintenance, repair and service industry for both private and public workshops and OEM manufacturers worldwide.
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.
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
Automotive Light Duty Lifts Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Light Duty Lifts Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Light Duty Lifts industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.