Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 10.27 Billion | USD 17.47 Billion | CAGR at 6.20% | 2023 |
According to the report published by Zion Market Research, the global Automotive Jacks Market size was valued at USD 10.27 Billion in 2023 and is predicted to reach USD 17.47 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.20% during the forecast period. The report analyzes the global Automotive Jacks Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automotive Jacks Market industry.
Automotive jacks are mechanical tools that are often implemented for elevating, positioning, or adjusting vehicles and vehicle parts across numerous industries. This tool is an additional component that usually comes with automobiles, used by applying physical pressure to elevate the vehicle. Automotive jacks possess a broad variety of application including tire rotation, seasonal tire change, changing flat tires, inspecting a vehicle for damage, and repairing or maintenance of various parts of a vehicle. Selecting an automotive jack is dependent on multiple factors, for instance, load type, pump input required for elevating, and weight capacity.
Transportation is a fundamental characteristic of this modern, industrialized world, where maintenance and servicing of a vehicle is of utmost importance for efficient operation. Due to this, the automotive sector is predicted to garner considerable demand for these tools, boosting the growth of the global automotive jacks market. As automotive jacks are utilized in maintenance and servicing activities such as elevating a vehicle to a certain height, there is a continuous surge in the requirements for automotive jacks owing to the development of the automobile maintenance activities. Several countries have average to low-quality road infrastructure facilities that affect the functional life of automobile tires. Increased usage of vehicles on such low-quality roads can often lead to vehicle damage. The surging occurrences of automotive breakdowns are predicted to give a boost to the global automotive jacks market.
The global automotive jacks market can be segmented on the basis of weight capacity, lift height, pump type, product, sales channel, vehicle type, and region.
Based on weight capacity, the market is bifurcated into <2 tons, 2 tons – 4 tons, 5 tons – 10 tons, 11 tons – 25 tons, 26 tons – 50 tons, and > 50 tons.
By lift height, the global automotive jacks market is divided into 4 inches – 9 inches, 10 inches – 25 inches, 26 inches – 50 inches, 51 inches – 77 inches, and > 77 inches.
On the basis of pump type, the market can be classified into manual, electric, pneumatic, and hydraulic.
Based on product, the market is segregated into scissor jacks, hydraulic bottle jacks, floor jacks, high tonnage jacks, hi-lift jacks, and forklift jacks.
On the basis of sales channel, the global automotive jacks market can be bifurcated into aftermarket, OEM, offline sales, and online sales.
Based on vehicle type, the key categories of the market can be mid-sized, compact, passenger cars, luxury cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and SUVs.
Report Attributes | Report Details |
---|---|
Report Name | Automotive Jacks Market Research Report |
Market Size in 2023 | USD 10.27 Billion |
Market Forecast in 2032 | USD 17.47 Billion |
Growth Rate | CAGR of 6.20% |
Number of Pages | 196 |
Key Companies Covered | Milwaukee Hydraulics, US Jacks, J&S Jacks, ESCO, Barker Manufacturing, Argo Manufacturing, and Blackhawk Automotive |
Segments Covered | By Weight capacity, By Lift height, By Pump type, By Product, By Sales channel, By Vehicle type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
South Asia and East Asia are projected to observe a substantial growth in demand in addition to a rise in the production of automobiles due to the developing industrialization and technological advancements in the region. Automotive jacks are extensively used for maintenance and servicing of passenger and commercial vehicles. The surging amount of maintenance activities is predicted to shoot up the implementation of automotive jacks, promoting the advancement of the global automotive jacks market share. Several nations from this part of the world have low-quality road infrastructure which in turn affects the performance of the vehicles. The ceaseless increment in the usage of automobiles in these regions is predicted to cause more number of automobile breakdowns. The surging rate of vehicle breakdowns is hence anticipated to aid in the expansion of the market over the forthcoming times.
North America dominates the global automotive jacks market owing to the complete development and mechanization of the industries. The U.S. accounts for a major market share within North America because of the huge demand for automotive jacks in the nation. On the other hand, Europe is predicted to account for the second most-extensive market share because of the existence of numerous large automotive brands and manufacturers in this region, supporting the market outlook.
The surging R&D projects across the global automotive jacks market are anticipated to increase the requirements of automotive jacks in the forecast time frame. Some of the key companies working in the global automotive jacks market include:
By Weight capacity
By Lift height
By Pump type
By Product
By Sales channel
By Vehicle type
FrequentlyAsked Questions
Transportation is a fundamental characteristic of this modern, industrialized world, where maintenance and servicing of a vehicle is of utmost importance for efficient operation. Due to this, the automotive sector is predicted to garner considerable demand for these tools, boosting the growth of the global automotive jacks market.
North America dominates the global automotive jacks market owing to the complete development and mechanization of the industries. The U.S. accounts for a major market share within North America because of the huge demand for automotive jacks in the nation.
The surging R&D projects across the global automotive jacks market are anticipated to increase the requirements of automotive jacks in the forecast time frame. Some of the key companies working in the global automotive jacks market include Milwaukee Hydraulics, US Jacks, J&S Jacks, ESCO, Barker Manufacturing, Argo Manufacturing, and Blackhawk Automotive.
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