Market Research Future (MRFR) has published on the “Global Automotive Scissor Lift Market”.
The Market is estimated to register a CAGR of 7.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Automotive Scissor Lift Market— EAE Automotive Equipment Co., Ltd., Nussbaum Custom Lifts GmbH, Challenger Lifts, BendPak Inc., ARI-HETRA, Hunter Engineering Company, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Peak, Ravaglioli S.p.A. and ROTARY LIFT.
Automotive Scissor Lift Highlights
The global Automotive Scissor Lift market is expected to register a CAGR of 7.00% during the forecast period and is estimated to reach USD 0.4 billion by 2032.
Factors such as increased automobile manufacturing, the trend of vehicle customization, rising disposable income, and stricter workplace safety requirements all contribute to the global expansion of the automotive scissor lift industry. However, the costly initial investment and increased safety risks associated with scissor lifts provide significant barriers to the global market's growth. On the contrary, significant development potential in undeveloped developing regions, as well as an increase in demand for automobile maintenance and repair, are likely to generate numerous chances for the expansion of the automotive scissor lift market over the projection period.
Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Global Automotive Scissor Lift Market
Segmental Analysis
The global Automotive Scissor Lift Market has been segmented based on Vehicle Type, Product Type, Lifting Capacity, and Rise Level.
The Vehicle Type segments the market into Passenger cars, Light commercial vehicles And Heavy commercial vehicles. The passenger cars sector had the largest share in 2023 and is expected to maintain its lead position throughout the projection period. It is owing to its significance in the transportation business.
The Product Type segments the market into Hydraulic scissor lift And Pneumatic scissor lift. The hydraulic scissor lift category had the biggest share in 2023 of the worldwide automotive scissor lift market and is expected to continue its leading position during the forecast period because of a number of benefits, including simplicity of control and fewer moving parts that make them safer and more affordable than conventional lifts.
The Lifting Capacity has divided the worldwide Automotive Scissor Lift Market into Up to 5,000 lb, 5,001 - 10,000 lb and More than 10,000 lb. The category with vehicles weighing 5,001–10,000 lb frequently has the highest market share. This weight range of scissor lifts is highly sought after because of its adaptability and capacity to handle a variety of cars frequently found in automobile maintenance environments.
Rise Level has divided the worldwide Automotive Scissor Lift Market into Low, Mid and High. The mid segment is frequently the dominant segment. These mid-range lifts have enough lifting strength and functionality to fulfill the needs of a wide range of cars while not costing as much as high-end lifts.
Regional Analysis
The global Automotive Scissor Lift Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Automotive Scissor Lift Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Scissor Lift Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Scissor Lift Market comprises of Middle East, Africa, and Latin America.
North America had the biggest market share in 2023, accounting for 45.80% of the worldwide automobile scissor lift market's revenue, and is expected to maintain its dominance by 2032. This area is populated by a mix of passenger automobiles, light trucks, and commercial vehicles. In metropolitan areas, scissor lifts for passenger cars and light trucks are in high demand, as is specialized equipment for commercial vehicles. Environmental initiatives have also increased the demand for scissor lifts for electric and hybrid automobiles in this region.
Moreover, Europe's Automotive Scissor Lift industry is estimated to rise significantly in 2023. This is owing to the increased use of smart technologies in these sites. Furthermore, the German Automotive Scissor Lift Market had the highest market share, while the UK Automotive Scissor Lift Market was the fastest-growing market in the European region.
Additionally, the Asia-Pacific Automotive Scissor Lift Market is estimated to expand at the quickest CAGR between 2024 and 2032. This is owing to the increased use of smart technologies in the region. Furthermore, China's Automotive Scissor Lift Market accounted for the biggest market share, while India's Automotive Scissor Lift Market was the fastest-growing market in Asia Pacific.
The rest of the world Automotive Scissor Lift Market is segmented into three regions: the Middle East, Africa, and Latin America. This growth can be attributed to the rising demand for efficient vehicle maintenance and repair services in these regions.
Key Findings of the Study
- The global Automotive Scissor Lift Market is expected to reach USD 0.4 billion by 2032, at a CAGR of 7.00% during the forecast period.
- The Asia-Pacific Automotive Scissor Lift Market is expected to grow at the fastest CAGR due to the rising acceptance of innovative automotive technology.
- The hydraulic scissor lift category had the biggest share 2023 of the global automotive scissor lift market in 2023 based on product type.
- EAE Automotive Equipment Co., Ltd., Nussbaum Custom Lifts GmbH, Challenger Lifts, BendPak Inc., ARI-HETRA, Hunter Engineering Company, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Peak, Ravaglioli S.p.A. and ROTARY LIFT are key market players.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.