Market Overview:
The global vehicle jacks 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 passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising income levels and technological advancements are also contributing to the growth of this market. The global vehicle jacks market is segmented on the basis of type, application, and region. On the basis of type, it is divided into manual, pneumatic, electric, and hydraulic jacks. The manual jack segment dominates this market owing to its low cost as compared to other types of jacks available in this market.
Product Definition:
A vehicle jack is a piece of equipment used to raise a vehicle off the ground. This can be done for maintenance purposes, or to change a tire. Vehicle jacks are typically made of metal and have either two or four legs that rest on the ground. They also have a mechanism that allows them to be raised and lowered, which raises or lowers the vehicle.
Manual:
Introduction: The manual itself is a device which allows the user to control/modify vehicle’s functions. In addition, it also provides information necessary for car engine startup as well as helps in driving technique improvement.
Pneumatic:
Pneumatic components are used in vehicle jacks to provide the force required to raise and lower the vehicle. The pneumatic system comprises of valves, cylinders, hoses & tubing, and fittings that help in providing air pressure for operating various equipment. It is responsible for transmitting torque from the engine to drive accessories like winches or pumps.
Application Insights:
The passenger vehicle segment held the largest share of over 70.0% in 2017. The demand for jacks in this application is majorly driven by the automotive manufacturers to support their vehicles for service and repair operations, as well as display or showcase new models and variants of cars at the dealerships or showrooms.
The commercial vehicle segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in logistics activities across various regions coupled with rising demand for hydraulic vehicle jacks from OEMs including Daimler, Volvo, MAN Diesel & Turbo, Iveco Daily, Renault Trucks & Bus OEMs among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automotive manufacturers, such as Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation and Hyundai Mobis, in developing economies of Asia Pacific has resulted in high demand for commercial vehicles. Moreover, rising disposable income coupled with increasing population will drive the regional market further.
The European region accounted for a significant share owing to stringent government regulations regarding fuel economy of passenger cars along with heavy penalties on account of exceeding prescribed limits. This factor is anticipated to reduce vehicle sales which may hamper industry growth over the next few years; however, technological advancements are projected to play a crucial role during this period as well.
North America region witnessed healthy growth due to increased emphasis laid by regulatory bodies on improving safety features within vehicles including anti-lock braking systems.
Growth Factors:
- Increasing demand for vehicles: The number of vehicles in the world is increasing day by day. This will create a need for more vehicle jacks and increase the market size.
- Technological advancements: Vehicle jack manufacturers are constantly innovating and introducing new technologies to make vehicle jacking easier, faster, and safer. This will drive the growth of the market.
- Rising income levels: As incomes rise, people have more money to spend on luxury items such as car accessories like vehicle jacks. This will fuel the growth of the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Jacks Market Research Report
By Type
Manual, Pneumatic, Electric, Hydraulic
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
J&S Jacks, Milwaukee Hydraulics, Norco Professional Lifting Equipment, US Jacks, Weaver Jacks Corporation, ESCO, Autoline Industries Limited, B. K. Engineering Works, AUTO MOTIVE INDUSTRIAL a.s., American Forge & Foundry, J&S Jacks, Shinn Fu Company of America, Norco Industries, Inc, Argo Manufacturing, Barker Manufacturing
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Jacks Market Report Segments:
The global Vehicle Jacks market is segmented on the basis of:
Types
Manual, Pneumatic, Electric, Hydraulic
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 Vehicle, Commercial Vehicle
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:
- J&S Jacks
- Milwaukee Hydraulics
- Norco Professional Lifting Equipment
- US Jacks
- Weaver Jacks Corporation
- ESCO
- Autoline Industries Limited
- B. K. Engineering Works
- AUTO MOTIVE INDUSTRIAL a.s.
- American Forge & Foundry
- J&S Jacks
- Shinn Fu Company of America
- Norco Industries, Inc
- Argo Manufacturing
- Barker Manufacturing
Highlights of The Vehicle 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:
- Manual
- Pneumatic
- Electric
- Hydraulic
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Vehicle 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
- 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?
Vehicle jacks are used to raise a vehicle off the ground.
Some of the major players in the vehicle jacks market are J&S Jacks, Milwaukee Hydraulics, Norco Professional Lifting Equipment, US Jacks, Weaver Jacks Corporation, ESCO, Autoline Industries Limited, B. K. Engineering Works, AUTO MOTIVE INDUSTRIAL a.s., American Forge & Foundry, J&S Jacks, Shinn Fu Company of America, Norco Industries, Inc, Argo Manufacturing, Barker Manufacturing.
The vehicle 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 Vehicle 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 Vehicle Jacks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Jacks Market Size & Forecast, 2018-2028
4.5.1 Vehicle Jacks Market Size and Y-o-Y Growth
4.5.2 Vehicle Jacks Market Absolute $ Opportunity
Chapter 5 Global Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Type
5.2.1 Manual
5.2.2 Pneumatic
5.2.3 Electric
5.2.4 Hydraulic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle 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 Vehicle 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 Vehicle Jacks Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Type
9.6.1 Manual
9.6.2 Pneumatic
9.6.3 Electric
9.6.4 Hydraulic
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 Vehicle Jacks Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Vehicle Jacks Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Type
10.6.1 Manual
10.6.2 Pneumatic
10.6.3 Electric
10.6.4 Hydraulic
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 Vehicle Jacks Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Vehicle Jacks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Type
11.6.1 Manual
11.6.2 Pneumatic
11.6.3 Electric
11.6.4 Hydraulic
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 Vehicle Jacks Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Vehicle Jacks Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle Jacks 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 Vehicle Jacks Market Size Forecast by Type
12.6.1 Manual
12.6.2 Pneumatic
12.6.3 Electric
12.6.4 Hydraulic
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 Vehicle Jacks Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Vehicle Jacks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle Jacks 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) Vehicle Jacks Market Size Forecast by Type
13.6.1 Manual
13.6.2 Pneumatic
13.6.3 Electric
13.6.4 Hydraulic
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) Vehicle Jacks Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Vehicle Jacks Market: Competitive Dashboard
14.2 Global Vehicle Jacks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 J&S Jacks
14.3.2 Milwaukee Hydraulics
14.3.3 Norco Professional Lifting Equipment
14.3.4 US Jacks
14.3.5 Weaver Jacks Corporation
14.3.6 ESCO
14.3.7 Autoline Industries Limited
14.3.8 B. K. Engineering Works
14.3.9 AUTO MOTIVE INDUSTRIAL a.s.
14.3.10 American Forge & Foundry
14.3.11 J&S Jacks
14.3.12 Shinn Fu Company of America
14.3.13 Norco Industries, Inc
14.3.14 Argo Manufacturing
14.3.15 Barker Manufacturing
