- Jul 09, 2018 -
This market research report presents a comprehensive analysis of the global automotive two-post lift market based on vehicle type such as passenger cars and commercial vehicles. The report also provides an analysis of the market based on geographic regions such as the Americas, APAC, and EMEA.
Overview of the global automotive two-post lift market
According to Technavio’s market research report, the growing four-wheeler market will be one of the major factors that will have a positive impact on the global automotive two-post lift market during the forecast period. The global four-wheeler industry consists of two types such as passenger vehicle segment and the commercial vehicles segment. The passenger cars segment is seen to witness stable growth rate due to the rising preference for personal vehicles by families and individuals globally. The commercial vehicle segment is observing strong growth rate with high sales numbers mainly in countries such as the US and China. The high sales of passenger cars and commercial vehicles has led to an increased demand for repair and maintenance services. This has increased the demand for automotive two-post lifts. Our market research analysts predict that this market will grow at a CAGR of close to 8% by 2022.
The increased demand for automotive lifts to raise the shop productivity is one of the key trends that will contribute to the market’s growth in the forthcoming years. The need to boost the productivity at the professional repair shops to gain leverage over competitors is seen in the market. To raise the productivity levels, the professional repair shops are raising the usage of large equipment such as lifts, cranes, and exhaust systems to drive the productivity of the shop. For instance, automotive lifts like two-post lift offer improved the working environment for technicians as two-post lifts enable technicians to perform fast and in a safer way. This will drive the growth of the automotive lifts market.
The Automotive two-post lift market appears to be concentrated. This industry research report offers information about the competitive environment among the players in the automotive lifts market and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in this market including
Geographical segmentation and analysis of the automotive two-post lift market
This market study estimates that in terms of geographic regions, Americas was the major revenue contributor to the automotive two-post lift market during 2017. However, our industry analysis expert predicts that EMEA will lead the market by 2022.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global automotive two-post lift market?
What are the key market trends impacting the growth of the global automotive two-post lift market?
What are the challenges to market growth?
Who are the key vendors in the global automotive two-post lift market?
What are the market opportunities and threats faced by the vendors in the global automotive two-post lift market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global automotive two-post lift market?
Technavio also offers customization on reports based on specific client requirement.