Fact.MR Foresees the Global Market for Automotive Lifts to Reflect a Sub-Par CAGR of 4.7% in Terms of Value over the Period, 2017-2026
Currently, the global automotive backdrop reflects a high volume growth in the sales of vehicles, and the coming decades may witness the number of vehicles in use to surpass the global population estimates. This uncontrollable growth will redirect pressure on automakers, garages and tire vendors with respect to limited work spaces. Few years down the line, almost every garage and automotive manufacturing unit will be equipped with automotive lifts that can serve the crucial purpose of space optimization.
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