General Construction Products & Machinery

Vehicle Lifts: Market Size, Growth & Forecast to 2030

The Vehicle Lifts market is valued at about $3.42 billion (2026) and is projected to grow at a 4.2% CAGR through 2030. The largest cost driver is Steel and structural fabricated metals (45% of spend). Asia-Pacific leads demand at 36%.

Market size
$3.42 bn (2026)
CAGR to 2030
+4.2%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.2% CAGR.

1231151081001002026104.22027108.62028113.12029117.92030122.82031

Cost structure

Steel and structural fabricated metals
45%
Hydraulic power units, cylinders, and valves
20%
Direct manufacturing labor and assembly
15%
Electronics, safety locks, and control systems
10%
Outbound freight and logistics
10%

Regional demand split

Asia-Pacific demand
36%
North America demand
28%
Europe demand
22%
South America demand
8%
Rest of world demand
6%

Key suppliers

BendPak Inc.Rotary Lift (Dover Corporation)Challenger Lifts (Snap-on Incorporated)Ravaglioli S.p.A. (Vehicle Service Group)Nussbaum Automotive LiftsStertil-KoniShanghai Launch Mechanical Co., Ltd.
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/vehicle-lifts