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Automotive Multifunctional Lifts Market Share and Market Size Report 2022


Global Automotive Multifunctional Lifts Market is anticipated to grow at a significant CAGR in the forthcoming years. Multifunctional lifts systems are used at manufacturing sites and automobile service stations to ensure effective manufacture and repair of vehicles in specified time duration. Simply put, an automotive multifunctional lift is mechanical equipment deployed in parking areas of buildings especially in basements to lift and hold the vehicle above the ground level at a certain height to lessen the problems of congestion when the vehicle is halt.
Commercial driving factors responsible for the growth of automotive multifunctional lifts market include high awareness among consumers. Moreover, advances in living standards and urban development and rise in disposable income add to the market growth in the estimated period. However, factors such as oil leakage and motor drive problems and increased cost hinder the market growth in the estimated period.

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Based on segmentation by type, automotive multifunctional lifts Industry includes two post lift, in ground lift, multi post runaway lift, low/midrise frame engaging lift, scissor lift, drive on parallelogram, movable-wheel engaging lift.
 Based on segmentation by application, the automotive multifunctional lifts Industry includes automotive manufacturer, parking area, dealer owned outlet and specialty outlet. Based on segmentation by driving power, automotive multifunctional lifts market includes electrical power and hydraulic power.
Geographical segmentation for automotive multifunctional lifts market include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Middle-East and Africa. APEJ regions dominate the global scenario in terms of technology and logistics. North America and Europe market is also expected to grow at a positive CAGR in the estimated period owing to technological innovations and efficient mobile lift systems.  The automotive multifunctional lifts market includesServo Tech India, EAE Automotive Equipment Co., Ltd., Dannmar Equipment, Konecranes, Rotary Lift, Advantage lift, SEFAC USA Inc., Nussbaum Automotive Solutions and Mohawk Resources Ltd.

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