Global Automotive Jacks Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Pump Type ;

Manual, Pneumatic, Electric and Hydraulic.

By Vehicle Type;

Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle and Industrial Vehicle.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn218097728 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Jacks Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Jacks Market was valued at USD 9,903.61 million. The size of this market is expected to increase to USD 14,891.37 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

Automotive jacks play a crucial role in lifting vehicles, providing access to the undercarriage for tasks such as tire changes, oil changes, and mechanical repairs. As vehicles become increasingly complex and technologically advanced, the demand for efficient, safe, and reliable automotive jacks continues to rise worldwide.

At its core, the automotive jacks market embodies the intersection of functionality, safety, and innovation. Manufacturers continually strive to develop jacks that offer superior lifting capacity, stability, and ease of use, catering to the diverse needs of automotive technicians, DIY enthusiasts, and professional mechanics alike. Whether hydraulic jacks, scissor jacks, bottle jacks, or floor jacks, each type of automotive jack serves a specific purpose and application, reflecting the market's versatility and adaptability to different vehicle types and maintenance requirements.

The automotive jacks market is closely intertwined with broader trends in the automotive aftermarket and repair industry. As vehicle ownership rates increase globally and the average age of vehicles on the road rises, the demand for maintenance and repair services grows in tandem, driving the need for high-quality automotive jacks. The proliferation of electric and hybrid vehicles with unique chassis designs and weight distributions presents new challenges and opportunities for jack manufacturers to develop specialized lifting solutions tailored to these vehicles' requirements.

Safety remains paramount within the automotive jacks market, with manufacturers investing in stringent quality control measures, compliance with industry standards, and the integration of safety features to prevent accidents and ensure user protection during lifting operations. Additionally, ongoing technological advancements, such as the incorporation of lightweight materials, ergonomic designs, and smart lifting systems, contribute to enhancing the efficiency, convenience, and safety of automotive jacks, aligning with evolving customer expectations and industry regulations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Pump Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Region
  4. Global Automotive Jacks Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Vehicle Ownership

        2. Growth in Automotive Aftermarket

        3. Focus on Vehicle Safety

      2. Restraints
        1. Economic Uncertainty

        2. Increasing Adoption of Electric Vehicles

        3. Stringent Regulations and Standards

      3. Opportunities
        1. Product Innovation and Differentiation

        2. Expansion in Emerging Markets

        3. Focus on E-commerce and Online Sales

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Jacks Market, By Pump Type, 2020 - 2030 (USD Million)
      1. Manual

      2. Pneumatic

      3. Electric

      4. Hydraulic

    2. Global Automotive Jacks Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car

      2. Light Commercial Vehicle

      3. Heavy Commercial Vehicle

      4. Industrial Vehicle

    3. Global Automotive Jacks Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. American Forge & Foundry
      2. Argo Manufacturing
      3. AUTO MOTIVE INDUSTRIAL
      4. Autoline Industries Limited
      5. B. K. Engineering Works
      6. Barker Manufacturing
      7. Blackhawk Automotive
      8. ESCO
  7. Analyst Views
  8. Future Outlook of the Market