Automotive Lift Industry Production, Sales and Consumption Status and Prospects Professional 2019 to 2026
Verfasser: ashwani_kailiya on Friday, 18 September 2020The automotive lifts industry is projected to rise at a steady CAGR of 4.2% between 2019 and 2026. High component replacement rates, and expensive costs of labor and spare parts remain the primary factors driving sales of automotive lifts. Convenient operation and growing prominence of workplace safety will continue to aid the growth of the automotive lifts market, reveals Fact.MR in its new study.
"Rapid growth in vehicle sales volume will redirect pressure on automakers, garages and tire vendors owing to workspace limitations. In the near future, almost every garage and automotive manufacturing unit will be equipped with automotive lifts for space optimization," concludes the Fact.MR report.
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Automotive Lift Market - Key Takeaways