Market Definition / Research Scope
Wheel jack is an equipment used to lift heavy loads or heavy equipment. Wheel jacks are available in different types in the market and are utilized for different applications in various business segments. These comprise mechanical wheel jack, electric wheel jack, hydraulic wheel jack, and pneumatic wheel jack.
A mechanical jack uses a screw thread for lifting heavy devices. A hydraulic jack uses hydraulic power to lift heavy equipment. The most common types of wheel jack is a car jack, floor jack, or garage jack. These wheel jacks lift vehicles so that maintenance can be conducted. Jacks are always rated for maximum lifting capacity, for instance, 1.5 tons or 3 tons. Wheel jacks can be used to lift tons of load.
Wheel Jack Market Size shall reach a value of $6123.45 Million in 2031, growing with a CAGR of 3.2% during the forecast period of 2022 to 2031.
Wheel jacks are commonly used across multiple industries. They are used in several applications in different end-use industries such as mining, automotive, marine, aerospace, construction, and railways. Wheel jacks are very effective in the process of maintenance and repair of rail-guided aircraft and vehicles.
Wheel Jack Market Growth and Trends
Driving factors for the industry :
• The global wheel jack market experiences a healthy growth in present years.
• This have produced the development of the market at a steady and moderate pace. The rise of the market can be mainly attributed to the increasing awareness among the end-users about the safety standards while driving a vehicle.
• Additionally, the strict formulation of these safety standards not only inn the public life but across multiple industries is very helpful in the overall development of the global market.
• The main player in the global field jack market are increasingly concentrating on incorporating betterand new innovative materials and technologies for improving the efficiency and effectiveness of the product.
• Such initiative plays a positive role on the overall growth and demand for the global industrial wheel jack market.
• Hydraulic jack is left succumbed to the rusting problem, giving them a longer working life, which encourages customer looking for a long-term solution for heavy lifting operations.
• Moreover, hydraulic jack does not need any external mechanical force or external power supply for its regulation which makes use of jacks economical and a one-man operation. Hydraulic jack is predicted to evolve as the best substitute for lifting operations performed in multiple industries due to their economic operation and reduce human effort.
• Rapid growth in the automobile in China and Germany is expected to increase exponentially due to rapid growth of consumer population with disposable income and their growing dependency on automobile vehicles like cars, buses etc. and thereby expected to boost the growth of the global market demand in few years.
Challenges for the industry :
• Electric jack can only be utilized in places with proper electric supply required for actuation of jack. These disadvantage causes problems through the mobility feature of the jack which can be moved only to location where electric supply outlet are available.
• Electric jacks consume a lot of power leading the customers to prefer screw jack for lifting operation thus these factors are responsible to hinder the global industrial wheel jack market in the coming future.
Wheel Jack Market Regional Analysis
Countries like the United Kingdom and France dominate the global market because of the increased demands in the railways, mining, construction, marine, and aerospace. North America holds the second largest position in the global Wheel Jack market because of the growing awareness of safety measures while driving cars or any vehicle. East Asia, which mainly includes China, Japan, South Korea, and Taiwan contributE immensely to the growth of the market because of the government’s high investment in the automotive sectors. Latin America and Middle East Africa have seen sluggish growth because of the lack of demands.
Wheel Jack Market Share and Competition
Key companies operating in this industry are: Osaka Jack Co., Ltd., Tronair Inc., QuickJack, LLC, Vestil Manufacturing Corp., Whiting Corporation, Emerson Manufacturing, Dutton-Lainson Company, Jiaxing Datong Machinery Co., Ltd., Kubanzheldormash Co., and Hydro Systems KG. Similar industries in this domain that is growing at a high CAGR include Wheel Tractor Scrapers Market and Wheelbarrows Market.
Wheel Jack Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Mechanical Wheel Jack
• Hydraulic Wheel Jack
• Electric Wheel Jack
• Pneumatic Wheel Jack
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Automotive
• Marine
• Aerospace
• Railways
• Construction and Mining
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Wheel Jack Market Companies
• Osaka Jack Co., Ltd.
• Tronair Inc.
• QuickJack
• LLC
• Vestil Manufacturing Corp.
• Whiting Corporation
• Emerson Manufacturing
• Dutton-Lainson Company
• Jiaxing Datong Machinery Co Ltd.
• Kubanzheldormash Co.
• Hydro Systems KG.
Available Versions: -
United States Wheel Jack Market Research Report
Europe Wheel Jack Market Research Report
Asia Pacific Wheel Jack Market Research Report
India Wheel Jack Market Research Report
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