The global automotive two-post lift market is projected to increase by $655.9 million between 2024 and 2028, with a CAGR of 9.59%, according to Technavio.
This growth is driven by the expanding four-wheeler market and the rising average age of vehicles, which boosts the demand for automotive repair and maintenance services. Despite this growth, the market faces challenges such as rising repair and maintenance costs. Key players in the market include Aichi Brand, BendPak Inc., and Rotary Lift, among others.
The APAC region is expected to lead with 46% of the market share. The market’s structure is fragmented, and it is anticipated to grow consistently due to increasing vehicle numbers and the aging fleet in developed economies.
