Market Overview:
The global elevator jacks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for elevators in both passenger and freight applications, across the globe. In addition, the growing construction industry is also fueling the demand for elevator jacks globally. The global elevator jacks market can be segmented on the basis of type into standard holed jack and customized holed jack. The standard holed jack segment is expected to dominate the global elevator jacks market during the forecast period owing to its low cost and easy installation process.
Product Definition:
Elevator jacks are devices that help lift heavy objects. They are placed under the object to be lifted and then hydraulics are used to lift the object. This is a safer and easier way to move heavy objects than trying to do it manually.
Standard Holed Jacks:
The standard holed jacks are used in elevators for the purpose of manual control. The growth factor in this market is that it can be installed easily without any complex mechanism and it serves its purpose well. It is a simple device, which consists of two metal plates joined by a hinge; when the user pushes the button, the upper plate rises and lowers again after some time due to internal springs.
Customized Holed Jacks:
Customized Holed Jacks are used in Elevator jacks to provide additional support for the car. The weight of the car is supported by a single point instead of two points which reduces the load on mechanical components and also saves energy.
The customized holed jacks are manufactured using high-strength steel and aluminum alloys, which offer strength, durability, and easy installation as per requirements.
Application Insights:
Passenger elevators accounted for the largest revenue share of over 70% in 2017. The passenger elevator market is expected to witness significant growth on account of increasing construction activities in commercial buildings and rise in the number of high-end hotels, shopping malls and residential complexes. In addition, growing urbanization along with increasing disposable income will propel demand for passenger elevators across the globe.
The freight elevator segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in industrial manufacturing across various countries worldwide coupled with rising awareness regarding cost-effective transportation solutions that are reliable, safe & efficient. Moreover, standard holed jacks can be used for single shaft or multistory applications while customized holed jacks are designed specifically for high capacity lifting operations making them suitable for heavy loads and long distances between floors within a building or structure complex respectively driving demand globally over the forecast period (2018 - 2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in construction activities, which has led to an increased demand for elevators. Moreover, increasing population and urbanization have resulted in a growing need for residential buildings, thereby driving product sales across the Asia Pacific region.
The North American regional market accounted for more than 20% of global revenue share in 2017 owing to high demand from U.S., Canada, and Mexico countries as a result of rising construction activities due to low unemployment rate along with positive demographic outlook coupled with strong economic conditions are anticipated to drive industry growth over the forecast period.
Growth Factors:
- Elevator Jacks market is driven by the increasing demand for elevators and lifts in both residential and commercial buildings.
- The growing construction industry is also a major growth driver for the Elevator Jacks market as it leads to an increase in the number of new elevator and lift installations.
- Rising income levels of consumers across regions are also propelling the demand for elevators and lifts, which in turn is benefiting the Elevator Jacks market growth.
- The increasing awareness about safety norms has led to an increase in adoption of elevators and lifts, thereby driving the Elevator Jacks market growth rate positively. 5) Technological advancements such as energy-efficient elevator systems are expected to create new opportunities for players operating in this space over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Jacks Market Research Report
By Type
Standard Holed Jacks, Customized Holed Jacks
By Application
Passenger Elevators, Freight Elevators
By Companies
DL Martin, Bore-Max, ITI Hydraulik, Elevator Equipment Corporation (EECO), Phoenix Modular Elevator, Canton Elevator, Custom Elevator, Mowrey Elevator Company, MEI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Jacks Market Report Segments:
The global Elevator Jacks market is segmented on the basis of:
Types
Standard Holed Jacks, Customized Holed Jacks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Elevators, Freight Elevators
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DL Martin
- Bore-Max
- ITI Hydraulik
- Elevator Equipment Corporation (EECO)
- Phoenix Modular Elevator
- Canton Elevator
- Custom Elevator
- Mowrey Elevator Company
- MEI
Highlights of The Elevator Jacks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Holed Jacks
- Customized Holed Jacks
- By Application:
- Passenger Elevators
- Freight Elevators
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elevator Jacks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elevator Jacks is a term used to describe the act of pressing the button for an elevator, only to have it not work.
Some of the major players in the elevator jacks market are DL Martin, Bore-Max, ITI Hydraulik, Elevator Equipment Corporation (EECO), Phoenix Modular Elevator, Canton Elevator, Custom Elevator, Mowrey Elevator Company, MEI.
The elevator jacks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elevator Jacks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elevator Jacks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elevator Jacks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elevator Jacks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elevator Jacks Market Size & Forecast, 2020-2028
4.5.1 Elevator Jacks Market Size and Y-o-Y Growth
4.5.2 Elevator Jacks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard Holed Jacks
5.2.2 Customized Holed Jacks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Elevators
6.2.2 Freight Elevators
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elevator Jacks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elevator Jacks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard Holed Jacks
9.6.2 Customized Holed Jacks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Elevators
9.10.2 Freight Elevators
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard Holed Jacks
10.6.2 Customized Holed Jacks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Elevators
10.10.2 Freight Elevators
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard Holed Jacks
11.6.2 Customized Holed Jacks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Elevators
11.10.2 Freight Elevators
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard Holed Jacks
12.6.2 Customized Holed Jacks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Elevators
12.10.2 Freight Elevators
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard Holed Jacks
13.6.2 Customized Holed Jacks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Elevators
13.10.2 Freight Elevators
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elevator Jacks Market: Competitive Dashboard
14.2 Global Elevator Jacks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DL Martin
14.3.2 Bore-Max
14.3.3 ITI Hydraulik
14.3.4 Elevator Equipment Corporation (EECO)
14.3.5 Phoenix Modular Elevator
14.3.6 Canton Elevator
14.3.7 Custom Elevator
14.3.8 Mowrey Elevator Company
14.3.9 MEI
