The car elevator industry has seen a surge over the last few years. It can be attributed to the unique touch that a car elevator adds to a home, which increases its value. The ready market has increased the competition among car elevator installation companies. Therefore, new entrants have to think on their feet to remain relevant, and this starts by choosing a niche. The good news is that the market has unique customers who need car elevators. This article explores niche markets for car elevator installation firms.
Parking Condominiums -- Australia has been experiencing steady population growth in its major cities over the last few years, leading to an increase in cars. Unfortunately, parking spaces cost a premium in the cities, making it unaffordable for most car owners. That said, property developers have recognized the problem and are building condominium parking spaces. Service providers can take advantage of the ready market and deliver car lifts that make parking convenient and affordable. Most importantly, car elevators maximize the available space in parking condominiums, allowing property owners to make a good profit.
5-Star Hotels -- The hospitality industry is another highly competitive sector if you consider that the country receives millions of tourists annually. Therefore, hotels strive to provide the best possible service to gain a competitive edge. Hotels have different strategies to enhance guests' experience, but few options match the ability of guests to park their luxury cars in suites. Car elevators are luxury features that 5-star hotels cannot afford to pass on. Notably, the accessories attract diverse clients that want a different experience. Since most hotels prefer to install car elevators in their most expensive suites, the overall cost of ownership is affordable. Consequently, you can price your services competitively to establish a strong client base.
Small Lot Homes -- Car elevators are synonymous with large, palatial, and expensive homes. Rarely do you come across houses in small lots equipped with a car elevator. However, as property space is getting more expensive, homeowners have to build on small lots. However, it has not stopped property owners from installing car elevators since they want to maximize the available space. Small lot homeowners are arguably the most accessible clients for car elevator installers because the market size is significant. Besides, installation work is straightforward since small lots need simple car elevator units as opposed to the massive lifts required for mansions and hotel suites.
Look into these niche markets to see who needs a car lift.
