Automotive Two-post Lift Market Size to Grow by $ 1.26 bn through 2021-2025
Technavio research projects the automotive two-post lift market to grow by $ 1.26 bn, accelerating at a CAGR of almost 7% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Automotive Two-post Lift Market: Key Market Driver
One of the primary factors that will trigger the growth of the automotive two-post lift market size is growing four-wheeler market. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Automotive Two-post Lift Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BendPak Inc., Challenger Lifts Inc., EAE Automotive Equipment Co. Ltd., LAUNCH Shanghai Machinery Co., Ltd. , Nussbaum Automotive Solutions, PEAK Corp., Rotary Lift, Stertil-Koni USA Inc., SUGIYASU Co. Ltd., and Zonyi Auto Equipment Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The automotive two-post lift market has the potential to grow by USD 1.26 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.64%.
This automotive two-post lift market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by vehicle type (commercial vehicles and passenger cars) and geography (North America, Europe, APAC, MEA, and South America). The automotive two-post lift market report also offers information on several market vendors, including BendPak Inc., Challenger Lifts Inc., and EAE Automotive Equipment Co. among others.
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Automotive Two-post Lift Market: China and Japan are the key markets
34% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive two-post lift in APAC. Market growth in this region will be faster than the growth of the market in other regions. The high-volume adopters of vehicles will facilitate the automotive two-post lift market growth in APAC over the forecast period.
The global four-wheeler market is growing rapidly with a healthy growth rate from the commercial vehicle segment and steady growth rate from passengers car segments. The key reasons for the significant growth of commercial vehicles is the higher load carrying capacity and comfort of these vehicles. With the increasing disposable income and rise in the young population, the demand for passengers cars is also increasing in emerging markets such as India and China. The growing four-wheeler market will fuel the automotive two post lift market growth during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Automotive Two-post Lift Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BendPak Inc., Challenger Lifts Inc., EAE Automotive Equipment Co. Ltd., LAUNCH Shanghai Machinery Co., Ltd. , Nussbaum Automotive Solutions, PEAK Corp., Rotary Lift, Stertil-Koni USA Inc., SUGIYASU Co. Ltd., and Zonyi Auto Equipment Groupare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Automotive Two-post Lift Market: Key Highlights of the Report for 2021-2025
