Published by Uma Rajagopal
Posted on January 25, 2022
Portable wheel jacks are devices that are used to lift heavy loads and equipment. There are numerous types of jacks available in the market, used for a variety of applications in diverse business segments. The scope of this research covers mechanical, hydraulic, electric, and pneumatic jacks. This research has a primary goal to analyse the current scenario of the portable wheel jack market and perspective of various end users, and preference of various users belonging to various segments, and also the adoption of different types of jacks by users in industries such as railways, aerospace, automotive, construction, mining, and marine.
The global portable wheel jack market is anticipated to witness noteworthy growth in 2019, and reach a market value of around US$ 5,000 million, while registering a Y-o-Y growth rate of nearly over 3%. Additionally, the global demand for portable wheel jacks is expected to be influenced by the safety standards implemented by almost every end-use industry. In addition, the efficient and fool proof work of portable wheel jacks is expected to increase their use across various industries.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7257
Mining & Construction Generating Significant Demand
On the basis of end user, the automotive segment is foreseen to experience substantial growth. However, the construction and mining segment is anticipated to account for a prominent volume share in the global portable wheel jack market. The floor jack/service jacks sub-segment under automotive end use is expected to witness a growth of 4.0 percent during the forecast period, mostly driven by increasing garages and car service stations across the globe.
Based on product type, the hydraulic portable wheel jacks segment is expected to be a prominent segment in the portable wheel jack market, accounting for more than 50% of the market share. Hydraulic portable wheel jacks are less likely to get affected by rust, which provides these jacks great working life. This will lure customers who are looking for a long-term solution for heavy lifting operations. Mechanical jacks are ideal for lifting light and moderate weights, but these jacks are incapable of lifting heavy loads and cannot sustain multi-toned weights, which can be easily lifted using hydraulic jacks. This factor is surging the demand for hydraulic jacks in target regions.
East Asian Market Emerging Lucrative
East Asia, against the backdrop of growing utilization and sales of end-use products, is set to act as one of the most lucrative regions in the portable wheel jack market during the forecast period. Furthermore, Europe and North America are likely to be prominent portable wheel jack markets over the coming years, mainly driven by the U.S. and EU-5. Automobile production in China and Germany is increasing at great pace every year, and the users of these automobiles will need lifting jacks or portable wheel jacks as a vehicle accessory.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-7257
PORTABLE WHEEL JACK MARKET TAXONOMY
The global portable wheel jack market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
By End Use
By Product Type
Region
Pre-Book Report @ https://www.futuremarketinsights.com/checkout/7257
Portable Wheel Jack Market: Key Participants
Some of the key manufacturers involved in the portable wheel jack market are Horizon Global Corp., Curt Manufacturing LLC, Lippert Components, Inc., Gray Manufacturing Company Inc., Osaka Jack Co. Ltd., Tronair Inc., Kubanzheldormash Co., Dutton-Lainson Company, Vestil Manufacturing. HYDRO Systems KG, Autolift Gmbh, and Jiaxing Datong Machinery Co., Ltd., among others.
Within the global portable wheel jack market, players need to focus on pneumatic and electric portable wheel jacks. The increasing and booming railway industry and airplane transport industry automatically creates a great potential customer base for portable wheel jacks. Due to the intense and aggressive competition between hydraulic jack manufacturers, companies are compelled to manufacture quality products in the least price possible.
In terms of market value, the global portable wheel jack market is foreseen to increase at a moderate CAGR of more than 3%, and is set to provide opportunities to all stakeholders in the portable wheel jack market during the forecast period.
Top Reports Related To Automotive Market Insights
Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.
Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Portable-Wheel-Jack-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Portable-Wheel-Jack-Market
Portable wheel jacks are devices that are used to lift heavy loads and equipment. There are numerous types of jacks available in the market, used for a variety of applications in diverse business segments. The scope of this research covers mechanical, hydraulic, electric, and pneumatic jacks. This research has a primary goal to analyse the current scenario of the portable wheel jack market and perspective of various end users, and preference of various users belonging to various segments, and also the adoption of different types of jacks by users in industries such as railways, aerospace, automotive, construction, mining, and marine.
The global portable wheel jack market is anticipated to witness noteworthy growth in 2019, and reach a market value of around US$ 5,000 million, while registering a Y-o-Y growth rate of nearly over 3%. Additionally, the global demand for portable wheel jacks is expected to be influenced by the safety standards implemented by almost every end-use industry. In addition, the efficient and fool proof work of portable wheel jacks is expected to increase their use across various industries.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7257
Mining & Construction Generating Significant Demand
On the basis of end user, the automotive segment is foreseen to experience substantial growth. However, the construction and mining segment is anticipated to account for a prominent volume share in the global portable wheel jack market. The floor jack/service jacks sub-segment under automotive end use is expected to witness a growth of 4.0 percent during the forecast period, mostly driven by increasing garages and car service stations across the globe.
Based on product type, the hydraulic portable wheel jacks segment is expected to be a prominent segment in the portable wheel jack market, accounting for more than 50% of the market share. Hydraulic portable wheel jacks are less likely to get affected by rust, which provides these jacks great working life. This will lure customers who are looking for a long-term solution for heavy lifting operations. Mechanical jacks are ideal for lifting light and moderate weights, but these jacks are incapable of lifting heavy loads and cannot sustain multi-toned weights, which can be easily lifted using hydraulic jacks. This factor is surging the demand for hydraulic jacks in target regions.
East Asian Market Emerging Lucrative
East Asia, against the backdrop of growing utilization and sales of end-use products, is set to act as one of the most lucrative regions in the portable wheel jack market during the forecast period. Furthermore, Europe and North America are likely to be prominent portable wheel jack markets over the coming years, mainly driven by the U.S. and EU-5. Automobile production in China and Germany is increasing at great pace every year, and the users of these automobiles will need lifting jacks or portable wheel jacks as a vehicle accessory.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-7257
PORTABLE WHEEL JACK MARKET TAXONOMY
The global portable wheel jack market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
By End Use
By Product Type
Region
Pre-Book Report @ https://www.futuremarketinsights.com/checkout/7257
Portable Wheel Jack Market: Key Participants
Some of the key manufacturers involved in the portable wheel jack market are Horizon Global Corp., Curt Manufacturing LLC, Lippert Components, Inc., Gray Manufacturing Company Inc., Osaka Jack Co. Ltd., Tronair Inc., Kubanzheldormash Co., Dutton-Lainson Company, Vestil Manufacturing. HYDRO Systems KG, Autolift Gmbh, and Jiaxing Datong Machinery Co., Ltd., among others.
Within the global portable wheel jack market, players need to focus on pneumatic and electric portable wheel jacks. The increasing and booming railway industry and airplane transport industry automatically creates a great potential customer base for portable wheel jacks. Due to the intense and aggressive competition between hydraulic jack manufacturers, companies are compelled to manufacture quality products in the least price possible.
In terms of market value, the global portable wheel jack market is foreseen to increase at a moderate CAGR of more than 3%, and is set to provide opportunities to all stakeholders in the portable wheel jack market during the forecast period.
Top Reports Related To Automotive Market Insights
Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.
Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Portable-Wheel-Jack-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Portable-Wheel-Jack-Market
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