India Vehicle Lifts Market Research Report Data by (into two-post lifts, four-post lifts, scissors lift mobile/portable lifts, in-ground lifts, parking lifts and others), By Capacity (Below 4,500 Kg, 4,501 – 7,000 Kg, 7,001-10,000 Kg and Above 10,000 Kg), By End User (auto dealerships, independent repair shops, specialty service providers, automotive manufacturers, residential, commercial, government and public facilities and others) Industry Forecast to 2032
The India Vehicle Lifts market was valued at USD 25,964.62 thousand in 2022 and is anticipated to reach USD 49,408.55 thousand by 2032, with a compound annual growth rate (CAGR) of 6.68% over the forecast period. The largest market share is held by North India, with 29.0%, followed by South India (25.71%) and West India (22.59%). Furthermore, it is anticipated that East India will experience the highest CAGR (7.18%) during the forecast period of 2023-2032, followed by North India (6.85%).
The Indian vehicle lifts market is experiencing significant growth, which is being driven by the expansion of the automotive industry, increased disposable income, and urbanization. Vehicle lifts are essential for the efficient maintenance and repair of automobiles, thereby improving the overall efficacy of automotive workshops and service centers. The demand for passenger and commercial vehicles in India is increasing, resulting in a growing need for advanced and dependable vehicle lifting solutions. This has created substantial opportunities for market participants.
The rapid expansion of the automotive aftermarket sector is one of the primary drivers of growth in the India vehicle lifts market. The demand for vehicle elevators throughout the nation is on the rise as the number of vehicles in the country continues to increase, fueling the demand for maintenance and repair services. Furthermore, the necessity for timely servicing and repairs, in conjunction with the increasing complexity of contemporary vehicles, is compelling automotive workshops to invest in sophisticated lifting equipment that can effectively service a diverse array of vehicles.
Additionally, it is anticipated that the Indian vehicle lifts market will be significantly affected by the transition to electric and hybrid electric vehicles. Specialized elevating solutions that can accommodate the specific characteristics of electric vehicles (EVs) and hybrid vehicles are frequently required due to their unique maintenance requirements and components. The market participants will be presented with lucrative opportunities as the demand for vehicle lifts designed to accommodate the servicing requirements of these environmentally friendly vehicles continues to increase in India, as the adoption of electric and hybrid vehicles continues to expand.
Market SegmentationThe India Vehicle Lifts market has been categorized into the following type categories: two-post lifts, four-post lifts, scissors lift mobile/portable lifts, in-ground lifts, parking lifts, and others.
The market has been divided into four segments: Below 4,500 Kg, 4,501–7,000 Kg, 7,001–10,000 Kg, and Above 10,000 Kg, all of which are based on capacity.
The India Vehicle Lifts market has been segmented into the following categories based on end-users: auto dealerships, independent repair shops, specialty service providers, automotive manufacturers, residential, commercial, government, and public facilities, among others.
Major PlayersATS ELGI Limited, RR Parkon, GMV INDIA, Manatec, Naugra, Oil Lube Systems Pvt Ltd., Sarveshwari Technologies Limited (SARV), and Kelvin Elevators are the primary market participants in the India Vehicle lift market.