Rockville, MD -- (SBWire) -- 06/07/2019 --Automotive lifts have become more high-tech and easier to maintain as its use has skyrocketed given it tend to double the garage space and make it easier to do routine maintenance. The most efficient and most prevalent automotive lifts have been the hydraulic one whose modus operandi counts on Pascal principle. Hydraulic car lifts assures that as pressure is exerted on a liquid body, it is transmitted to the entire container of the liquid without affecting its volume. Essentially, hydraulic lifts bolster employees' safety and is durable and cost effective.
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Four-Post Lift Becomes Highly Sought After
While two-post lift is used to lift light or medium-sized cars, the four-post lift is more versatile and has the potentiality of lifting heavier loads. Four-post life is known to propel the operational safety with the highest quality in building technology and materials, such as ramps with anti-skid marks and built-in automatic lock system. Further, four-post lift has been ideal for wheel alignment procedure. Given the need for bolting down with four-post stability is removed out of the equation, the lift can be easily moved and is apt for long-term overhead car storage.
Fad for Portable Lifts Propels Growth
The growing popularity of portable lifts are being observed among do-it-yourselfers and car enthusiasts. This state-of-the-art car lift has been grabbing eye balls among end-users as the volume growth of automotive lifts is projected to be pegged at over 5% CAGR throughout the forecast period.
Meanwhile, scissor car lifts hit the sweet spot for it is cheaper vis-à-vis other lift configurations; the compactness allows it to be used in any garage; it also leaves the wheels dangling for easy brake and suspension work; and it does not need to be bolted to the floor. Accordingly, over 1,000 scissor car lifts were sold globally in 2017 itself.
North America Rules The Roost with Over 2,000 Installation of Car Lifts
With the prevalence of home garages and almost every U.S. household owning a car, North America is continues to remain dominant with installation of over 2,000 car lifts. Meanwhile, MEA automotive lift market has been fostered by increased vehicle customization trends and notable growth in automotive aftermarket.
Automotive Lifts Market: Overview
Qualitative and quantitative analysis underpin the report on the automotive lifts market. Further, the report extensively focuses on facets in the market that are expected to have impact on the development of the automotive lifts market in both small- and large-scale. Those facets include, drivers, opportunities, restraints and trends. Nevertheless, the report also focuses on segmentation of the market that aims at providing an exhaustive analysis on automotive lifts.
Furthermore, the report delineates benchmarking that is aimed at assessing the performance of the products, solutions and business processes. Benchmarking also focuses on the performances of rival companies— both within and outside the industry in quest for better performance.
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The report on automotive lifts banks on primary research and secondary research that offers deep dive and intelligence insights on the market. Nevertheless, the report counts on authentic, unbiased and veracious sources that have significant bearing in preparation of the report. Meanwhile, the report also hinges upon primary sources that is fostered by honest and intelligent analysis from well-grounded experts, telephonic interview and thorough analysis from seasoned analyst, and surveys. In addition, the secondary sources incorporates EC filing, Factiva, press release, trade journals, governmental websites and resourceful database.
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Automotive Lifts Market: Manufacturers Hit the Sweet Spot with the Adoption of Four-Post Lift
Fact.MR foresees the global market for automotive lifts to reflect a sub-par CAGR of 4.7% in terms of value over the period, 2017-2026.