Market Overview:
The global Jack Stand market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for jack stands from the automotive industry, as they are used for lifting and supporting heavy objects. Additionally, the growing demand for jack stands in garages and other repair shops is also contributing to the growth of this market. The global Jack Stand market can be segmented on the basis of type into light-weight capacity, medium-weight capacity, and large-weight capacity jack stands. The light-weight capacity segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its low weight and easy maneuverability. On the basis of application,the global Jack Standmarket can be divided into car manufacturing and garage applications.
Product Definition:
A jack stand is a tool that is used to support a vehicle or other object while it is being worked on. It typically consists of a metal frame with a saddle-shaped seat that rests on the object, and two legs that extend downward to rest on the ground. The jack stand allows the user to safely work on or under an object without fear of it falling over.
Light-Weight Capacity:
Light-weight capacity is the weight of material used in manufacturing Jack Stand. It can be defined as the weight of steel or aluminum plate, which is less than half an ounce. The product’s lightweight property makes it easy to use and carry around; this feature has been acting as a major driver for its demand among consumers across the globe.
The Jack stand market has witnessed significant growth over recent years owing to its growing adoption in developing countries such as India.
Medium-Weight Capacity:
The medium-weight capacity is the weight of material that can be lifted by a person with average strength using only one hand. It is different from light-weight and heavy-weight capacities as it depends on the weight of materials used along with size, shape, and quality. The Jack stand market has been segmented into three categories based on their weights: lightweight, standard, and heavy-duty stands.
Application Insights:
The car manufacturing segment accounted for the largest revenue share of over 40% in 2017. The rising production of automobiles, especially in China, Japan and South Korea is expected to remain a key factor driving the demand for jacks. In addition, increasing sales of commercial vehicles are anticipated to further fuel the growth during the forecast period.
The garage application segment is projected to witness significant growth over the forecast period owing to an increase in residential construction activities across various regions including North America and Europe. In addition, growing awareness regarding better storage facilities among consumers is likely to propel product demand from garage owners during future negotiations with component suppliers or automotive original equipment manufacturers (OEMs).
Rising consumer spending on home improvement projects including remodeling or renovation of their existing living spaces also present a lucrative opportunity for market players operating in this space.
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 increasing demand for automobiles on account of rising disposable income, changing lifestyle, and growing population. This is likely to boost product demand in this region.
The automotive industry of Asia Pacific has witnessed significant growth over the past few years owing to rapid urbanization and industrialization across countries such as China, India, Indonesia among others are anticipated to drive regional growth over next eight years. Furthermore, supportive government policies aimed at promoting domestic manufacturing activities are also expected to contribute towards increased production levels which will further fuel product demand during the forecast period.
Europe was estimated as second-largest regional segment in terms of revenue share in 2017 owing high automobile production levels coupled with presence of major players such as DAF Trucks BV; Ford; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand from the automotive and construction industries for Jack Stands as a means to support and elevate objects for work purposes.
- The increasing popularity of do-it-yourself projects, which has led to an increase in home improvement spending, driving demand for Jack Stands as a necessary tool for these projects.
- The growth of ecommerce has made it easier for consumers to purchase Jack Stands, thereby driving sales growth.
- Innovation in the design and functionality of Jack Stands has made them more versatile and appealing to consumers, boosting demand growth. 5) Rising prices of steel and other metals have resulted in increased production costs for manufacturers of Jack Stands, leading to price hikes that have helped spur sales growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Jack Stand Market Research Report
By Type
Light-Weight Capacity, Medium-Weight Capacity, Large-Weight Capacity
By Application
Car Manufacturing, Garage
By Companies
Jackpoint Jackstands LLC, Clas, i-lift Equipment Ltd., KROFTOOLS, TMI, LLC, BVA, ESCO, Omega, Sunex Tools, Changshu Tongrun, STARK USA Industrial, Inc., American Forge & Foundry, OTC Tools
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Jack Stand Market Report Segments:
The global Jack Stand market is segmented on the basis of:
Types
Light-Weight Capacity, Medium-Weight Capacity, Large-Weight Capacity
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
Car Manufacturing, Garage
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:
- Jackpoint Jackstands LLC
- Clas
- i-lift Equipment Ltd.
- KROFTOOLS
- TMI, LLC
- BVA
- ESCO
- Omega
- Sunex Tools
- Changshu Tongrun
- STARK USA Industrial, Inc.
- American Forge & Foundry
- OTC Tools
Highlights of The Jack Stand 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:
- Light-Weight Capacity
- Medium-Weight Capacity
- Large-Weight Capacity
- By Application:
- Car Manufacturing
- Garage
- 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 Jack Stand 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Jack Stand is a device that attaches to the front of a bike and helps keep it upright when not in use.
Some of the key players operating in the jack stand market are Jackpoint Jackstands LLC, Clas, i-lift Equipment Ltd., KROFTOOLS, TMI, LLC, BVA, ESCO, Omega, Sunex Tools, Changshu Tongrun, STARK USA Industrial, Inc., American Forge & Foundry, OTC Tools.
The jack stand market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Jack Stand 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 Jack Stand Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Jack Stand 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 Jack Stand 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 Jack Stand Market Size & Forecast, 2020-2028
4.5.1 Jack Stand Market Size and Y-o-Y Growth
4.5.2 Jack Stand 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 Light-Weight Capacity
5.2.2 Medium-Weight Capacity
5.2.3 Large-Weight Capacity
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 Car Manufacturing
6.2.2 Garage
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Jack Stand 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 Jack Stand 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 Light-Weight Capacity
9.6.2 Medium-Weight Capacity
9.6.3 Large-Weight Capacity
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 Car Manufacturing
9.10.2 Garage
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 Light-Weight Capacity
10.6.2 Medium-Weight Capacity
10.6.3 Large-Weight Capacity
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 Car Manufacturing
10.10.2 Garage
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 Light-Weight Capacity
11.6.2 Medium-Weight Capacity
11.6.3 Large-Weight Capacity
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 Car Manufacturing
11.10.2 Garage
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 Light-Weight Capacity
12.6.2 Medium-Weight Capacity
12.6.3 Large-Weight Capacity
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 Car Manufacturing
12.10.2 Garage
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 Light-Weight Capacity
13.6.2 Medium-Weight Capacity
13.6.3 Large-Weight Capacity
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 Car Manufacturing
13.10.2 Garage
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 Jack Stand Market: Competitive Dashboard
14.2 Global Jack Stand Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jackpoint Jackstands LLC
14.3.2 Clas
14.3.3 i-lift Equipment Ltd.
14.3.4 KROFTOOLS
14.3.5 TMI, LLC
14.3.6 BVA
14.3.7 ESCO
14.3.8 Omega
14.3.9 Sunex Tools
14.3.10 Changshu Tongrun
14.3.11 STARK USA Industrial, Inc.
14.3.12 American Forge & Foundry
14.3.13 OTC Tools
