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Global Portable Wheel Jack Market – Industry Trends and Forecast to 2029

Automotive

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Global Portable Wheel Jack Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Portable Wheel Jack Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5.24 USD Billion
Diagram Market Size (Forecast Year) USD 6.64 USD Billion
Diagram CAGR %

Major Markets Players

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Global Portable Wheel Jack market, By Type (Hydraulic Portable Wheel Jack, Electric Portable Wheel Jack, Pneumatic Portable Wheel Jack), Application (Mining, Automotive, Others) – Industry Trends and Forecast to 2029

Portable Wheel Jack Market

Market Analysis and Size

The portable wheel jacks market has experienced a healthy growth in recent years globally. The development of the market can be mainly attributed to the rising awareness among the consumers regarding safety standards while driving a vehicle. Furthermore, the stringent implementation of these safety standards not only in the people lives but across several industries has also been quite helpful in the overall development of the portable wheel jack market globally during forecast period

Data Bridge Market Research analyses that the portable wheel jack market was valued at USD 5.24 billion in 2021 and is expected to reach USD 6.64 billion by 2029, registering a CAGR of 3.00% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Hydraulic Portable Wheel Jack, Electric Portable Wheel Jack, Pneumatic Portable Wheel Jack), Application (Mining, Automotive, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Horizon Global (U.S.), Curt Manufacturing LLC (U.S.), Lippert (U.S.), Gray Manufacturing (U.S.), Osaka Jack Co. Ltd. (Japan), Tronair (U.S.), Dutton-Lainson Company (U.S.), Vestil Manufacturing Corp (U.S.), HYDRO Systems KG (Germany), Autolift Gmbh (Austria), Jiaxing Datong Machinery Co., Ltd. (China), Emerson Electric,Co, (U.S.),  QuickJack, LLC, (Australia), Whiting Corporation (U.S.)

Market Opportunities

  • Increase in the number of emerging markets
  • Rise in strategic collaborations
  • New launches in the market

Market Definition

The portable wheel jacks are devices used to lift equipment and heavy loads. Several types of jacks are available in the market, and these are used for various purposes in business segments.

Portable Wheel Jack market Dynamics

Drivers

  • Increasing demand of swivel jack in Ship Building Sector

Swivel hydraulic jacks are portable wheel jack which is gaining lucrative popularity overall the ship repair and manufacturing sector. This jack is gradually being used for the lifting wooden slabs, alignment of heavy ship parts, and supporting others ship-building equipment during the manufacturing, maintenance and repair. This is expected to accelerate the demand and sales of portable wheel jacks during forecast period.

  • Rising adoption of floor jacks

Growing adoption of the hydraulic floor jacks, a portable wheel jack mainly used for lift heavy vehicle for the repair and maintenance across vehicle service centers, due to its cost-effectiveness, ability to lift multi-toned weights, ease of use, is expected to drive the growth rate of the market.

  • Rising demand in airplane and railway industry

The booming and growing airplane and railway industry automatically which creates a great potential consumer base for portable wheel jacks. Due to the aggressive competition and intense competition between the hydraulic jack manufacturers, the manufacturing companies are forced to manufacture the good quality products at the lowest price possible. 

Opportunities

  • New launches in the market

The innovative launches of new product, increase the rising production and sales of the portable wheel jack market which is also leading the automotive manufacturers to opening repair shops and new car service centres in the country. For instance, Mercedes-Benz, which is a leading German luxury automaker has announced to launching a new workshop facility in Bangalore, India.

Moreover, the growing demand for portable wheel jacks for maintenance and repair of aircraft and rail, rising number of garages of automotive vehicles, are some major factors which are expected to create the beneficial opportunities for the growth of the portable wheel jack market in upcoming years. 

Restraints/ Challenges

  • High Cost associated with product

However, the high cost associated with the portable wheel jack and the unavailability of the raw material restraint the demand of the portable wheel jack may hamper the growth of the portable wheel jack market during the forecast period of 2022-2029.

This portable wheel jack market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the portable wheel jack market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Portable Wheel Jack market

The global economy has slowed down due to the outbreak of covid-19 virus. Although new versions pose a major effect to human health, the market for portable wheel jacks is expected to upsurge again as  trade borders are opened and rules are eased. The automobile industry has been one of the most hit industry during the pandemic, the market players are relying on contingency planning to handle the operations, supply chain and inventory management issues related to the portable wheel jack industry

Recent Development

  • In January 2020, SuhRyung Machiner, which is a South Korea-based manufacturer of hydraulic jacks has declared to increasing its presence by launch its brand in ASEAN nations globally. This has helped the company to rise its market share and customer base.

Global Portable Wheel Jack market Scope

The portable wheel jack market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Hydraulic Portable Wheel Jack
  • Electric Portable Wheel Jack
  • Pneumatic Portable Wheel Jack

 Application

  • Mining
  • Automotive
  • Others

Portable Wheel Jack market Regional Analysis/Insights

The portable wheel jack market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the portable wheel jack market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the portable wheel jack market in terms of market share in the forecast period. This is due to the growing utilization and sales of the portable wheel jack in this region.

Europe and North America are expected to be the fastest developing regions because the end users of these automobiles will require portable wheel jacks or lifting jacks as a vehicle accessory. 

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Portable Wheel Jack market Share Analysis

The portable wheel jack market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to portable wheel jack market.

Some of the major players operating in the portable wheel jack market are:

  • Horizon Global (U.S.)
  • Curt Manufacturing LLC (U.S.)
  • Lippert (U.S.)
  • Gray Manufacturing (U.S.)
  • Osaka Jack Co. Ltd. (Japan)
  • Tronair (U.S.)
  • Dutton-Lainson Company (U.S.)
  • Vestil Manufacturing Corp (U.S.)
  • HYDRO Systems KG (Germany)
  • Autolift Gmbh (Austria)
  • Jiaxing Datong Machinery Co., Ltd. (China)
  • Emerson Electric,Co, (U.S.)
  •  QuickJack, LLC, (Australia)
  • Whiting Corporation (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The market value for portable wheel jack market is expected USD 6.64 billion by 2029.
The Portable Wheel Jack Market is to grow at a CAGR of 3.00% during the forecast by 2029.
On the basis of application, the Portable Wheel Jack Market is segmented into Mining, Automotive, Others.
The major players operating in the Portable Wheel Jack Market are Horizon Global (U.S.), Curt Manufacturing LLC (U.S.), Lippert (U.S.), Gray Manufacturing (U.S.), Osaka Jack Co. Ltd. (Japan), Tronair (U.S.), Dutton-Lainson Company (U.S.), Vestil Manufacturing Corp (U.S.), HYDRO Systems KG (Germany), Autolift Gmbh (Austria), Jiaxing Datong Machinery Co., Ltd. (China), Emerson Electric,Co, (U.S.), QuickJack, LLC, (Australia), Whiting Corporation (U.S.).
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