Automotive Jacks Market Global Production, Growth, Share, Demand and Applications Forecast to 2030

Automotive Jacks: Introduction

An automotive jack is a mechanical device mainly used to lift heavy loads by applying less force. It is used to adjust, lift, and position the automotive in diverse situations. Automotive jacks are also used to lift a truck or any other vehicle for changing its tires.
Automotive jacks are of six types: floor jacks, scissor jacks, hydraulic bottle jacks, hi-lift jacks, high tonnage jacks, and forklift jacks. Automotive jacks offer certain advantages over mechanical jacks. They are easier to use and occupy less space and are effective for use with heavy loads.
The global automotive jacks market is projected to expand at a rapid pace during the forecast period, due to their increased demand in the automotive industry.

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Global Automotive Jacks Market: Dynamics

Global Automotive Jacks Market: Key Drivers and Restraints

Transportation is an integral part of today’s era of industrialization where maintenance of transport vehicles is essential for their effective functioning. Automotive jacks are used in maintenance activities for lifting the vehicle at a particular height. This is expected to boost the demand for automotive jacks in heavy industries during the forecast period.
Automotive jacks are used for all types of heavy vehicles such as forklifts, and excavators. This in turn is anticipated to fuel the demand for automotive jacks in heavy industries during the forecast period.
Rise in disposable income of consumers and growth of the automotive sector are major factors projected to boost the global automotive market in the next few years.
Increasing automotive maintenance activities is anticipated to increase the demand for automotive jacks.
Rising automation in the automotive industry plays an important role in boosting the global automotive jacks market. Automotive jacks lift loads with minimum effort. This is a major factor anticipated to fuel the global market in the next few years.
Rising demand for automotive jacks from construction vehicles which are used in the construction industry is expected to propel the global automotive jacks market during the forecast period
Additionally, automotive jack manufacturers are integrating new technologies and adopting renewable operating methods to reduce the operating cost, such as remote monitoring of activities for automotive jacks. This factor is anticipated to create new opportunities for the global market in the forthcoming years.
However, limitation on their use in offshore applications is the major factor anticipated to hamper the global automotive jacks market in the next few years.

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North America to Hold a Major Share of Global Automotive Jacks Market

In terms of region, the global automotive jacks market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America dominated the global automotive jacks market in 2018, due to complete mechanization of industries and mature industrialization in the region. The U.S. is a key market in North America, due to high demand for automotive jacks in the country. Europe is anticipated to hold the second largest share of the global automotive jacks market in 2019 due to the presence of many large automotive manufacturers in the region.
The automotive jacks market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing sales as well as production of automobiles owing to growing industrialization and globalization.

Global Automotive Jacks Market: Competition Landscape

Key Players Operating in Global Automotive Jacks Market

Several local, regional, and international players operate in the market and manufacture automotive jacks. Hence, the market is fairly fragmented and the bargaining power of suppliers is low. The degree of competition among market players is also high. Rapid technological advancements have led to threat of substitution in the global automotive jacks market. Key players operating in the global automotive jacks market are:

American Forge & Foundry
Argo Manufacturing
AUTO MOTIVE INDUSTRIAL a.s.
Autoline Industries Limited
B. K. Engineering Works
Barker Manufacturing
Blackhawk Automotive
ESCO
J&S Jacks LLC
Milwaukee Hydraulics
Norco Industries, Inc.
Norco Professional Lifting Equipment
Shinn Fu Company of America Inc.
US Jacks
Weaver Jacks Corporation

Global Automotive Jacks Market: Research Scope

Global Automotive Jacks Market Segmentation, by Type

Floor Jacks
Scissor Jacks
Hydraulic Bottle Jacks
Hi-Lift Jacks
High Tonnage Jacks
Forklift Jacks

Global Automotive Jacks Market Segmentation, by Pump Type

Manual
Pneumatic
Electric
Hydraulic

Global Automotive Jacks Market Segmentation, by Vehicle Type

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Industrial Vehicle

Global Automotive Jacks Market Segmentation, by Region

North America

U.S.
Canada
Rest of North America

Europe

Germany
France
U.K.
Italy
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Rest of Asia Pacific

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

South America

Brazil
Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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