Market Overview
The growth of the automotive frame machines market is mainly attributed to the increasing use of automotive frame machines as an automotive collision repair equipment. A mounting number of auto service businesses and stakeholders in the automotive aftermarket are adopting automotive frame machines with innovative features and higher quality. In addition to the growing demand from market players in the automotive aftermarket, increasing growth of the automotive repair industry is triggering the growth of the automotive frame machine market.
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Taking into account the upsurge in demand from small-scale as well as large-scale automotive garages, manufacturers are adopting strategies to modify the designs of automotive frame machines to address a variety of needs of end-users. In addition, various types of vehicles and the type of damages are also making a significant impact on the design of automotive frame machines, and ultimately on the manufacturing strategies of stakeholders. Leading manufacturers and distributors operating in the automotive frame machines market are concentrating on the dynamic and popular trends in the automotive industry to plan their next business strategies.
Frame Machines that can Handle Heavy Loads Gaining Traction
Emerging trends in the automotive industry and dynamic consumer demand for passenger cars and SUVs continue to influence the automotive frame machines market. Demand is also impacted by evolving demand for SUVs and trucks. Considering the growing preference towards SUVs, demand for heavy-duty frame machines has increased.
The key areas of focus for manufacturers include pulling force per tower, deck design for the positioning of its optional accessories, and simultaneous multiple pulling. Furthermore, automotive frame machines with self-leveling decks are also gaining traction among manufacturers. Frame machines that include drive-on ramps, made of both tubular and stainless steel platforms, are witnessing high demand in the automotive frame machines market. In a bid to improve the durability of their products, manufacturers are focusing on incorporating heavy duty construction and coating their products with powder finishes.
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Small Auto Service Businesses Rely on ‘Financing’ to Procure New Equipment
Auto service and repair centers have also been influenced by the broader transformations in the automotive industry. Growing electrification, use of novel manufacturing materials, and growing integration of technology has meant that auto service companies have had to quickly adapt to the status quo. The adaptation is not only related to training the workforce, but also procuring advanced equipment that is suitable for carrying out repairs efficiently. Procurement of advanced equipment remains a challenge for small auto repair centers, and this has increased their reliance on financing companies.
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Small Repair Centers Prefer Leasing Over Buying
In addition to the dependence on financing, small automotive repair centers continue to prefer the option of leasing over buying. This enables these repair centers to afford these machines as per their requirements without having to worry about upfront costs and maintenance.
Overall, the outlook on automotive frame machines market remains positive, and key market participants can expect a steady stream of opportunities to emerge in this market. However, considering the broader developments in the automotive industry, manufacturers and repair centers will need to be nimble so that they can adapt to the changing status quo.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
For More Insights- https://www.einpresswire.com/article/556334535/retail-industry-to-augment-the-demand-for-wi-fi-electronic-shelf-label-over-the-assessment-period
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