Global Industrial Jacks Market- Market Overview:

The global industrial jacks market is expected to grow from USD 13.6 billion in 2022 to USD 21.8 billion by 2030, at a CAGR of 6.1% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for packaged and ready-to-eat food products.

Material handling equipment known as jacks uses force multiplication in order to lift or move heavy loads. There are many types of lifting devices that use leverage and another mechanical advantage to amplify an applied force in order to carry a load. The purpose of a jack is to lift heavy industrial loads using varying forces, based on the load and jack characteristics. Industrial jacks are produced using advanced technology and high-grade raw materials in compliance with various industry standards. Moreover, modular designs to ensure quick assembly boost the global industrial jack market, which is largely driven by heavy machinery, defence, shipyards, mining, and construction industries. A mining industry industrial jack has a range of advantages. They can explore their full capacity by operating at a predetermined pressure, and they usually do not fail all at once, giving them a long shelf life. Additionally, they are easy to operate, since a toggle switch is located away from the load controls in the form of a pneumatic valve, making them easy to operate. The global industrial jacks market is expected to grow during the Projection period due to an increase in demand for industrial jacks from construction vehicles used in the construction industry. Over the next few years, major factors are expected to boost the market, including an increase in disposable income of consumers and the growth of the automotive sector.

Sample Request: - Global Industrial Jacks Market

Market Dynamics:

Drivers:                          

• Rising demand among the end-users

Industrial jack market growth is mainly driven by the demand from the end-user industry. The rapid growth of end-user industries, such as oil & gas, chemical, pharmaceutical, food & beverage, automobile, construction etc., in both developed and developing economies, is expected to propel the global industrial jacks market during the Projectioned period.

Restraints:                                             

• Unskilled labour

The lack of trained professionals in the industry is the major restraining factor which is hampering the growth of the industrial jacks market. It has been observed that technological advancements have made the process easy but the operating procedure become complex in some cases which need skilled labour in order to prevent any kind of mishappening during the process.

Opportunities:

• Technological advancements

As the global industrial jacks market grows over the Projection period, high efficiency and reduced worker fatigue will be major drivers. In addition, easy operation and shorter lead times are expected to drive the global industrial jacks market in the coming years. Over the Projection period, easy installation, improved lifting capacities, ease of maintenance, repair, and storage are major drivers of the global industrial jacks market.

Challenges:

• Presence of alternatives in the market

There are some dealers in the market selling industrial jacks at extremely low prices, which is expected to hinder the growth of the global industrial jacks market over the next several years. In order to sell the product at low prices these dealers are compromising with the quality of the product. In addition, repairing industrial jacks requires expert hands, which is a drawback in some regions, hampering the growth of the industrial jack market.

Segmentation Analysis:

The global industrial jacks market has been segmented based on type, applications, and regions.

By Type

The type segment includes ball screw jack, screw jack and others. The screw jack segment led the largest share of the industrial jacks market with a market share of around 42% in 2022. A screw jack is a device that is used for a variety of applications in different industries: construction, food processing, theatrical stage setups, industrial processes, mechanical lifting applications, etc. Common uses for this device include lifting moderately heavy weights, such as vehicles, raising and lowering a plane's horizontal stabilizers, and providing adjustable support for heavy loads, such as house foundations.

By Application

The application segment includes aerospace and aircraft, general industry, automotive, material handling industry and others. The automotive segment led the largest share of the industrial jacks market with a market share of around 30% in 2022. There is an increasing need for industrial jacks in the automotive industry for the repair and service of passenger and commercial vehicles. The increasing number of maintenance jobs is expected to lead to an increase in industrial jack use, creating opportunities for industrial jack manufacturers. The increased use of automobiles is expected to lead to a breakdown of the vehicles. The growing rate of automotive breakdowns is expected to positively impact the industrial jacks market.

Global Industrial Jacks - Sales Analysis.

The sale of industrial jacks expanded at a CAGR of 4.3% from 2016 to 2022.

The inventive introduction of new products boosts the market for portable wheel jacks, increasing production and sales, and encouraging automakers to establish additional service centres and repair shops around the nation. For instance, Mercedes-Benz, a well-known German luxury automaker, recently revealed plans to open a new workshop in Bangalore, India.

Additionally, the rising number of auto garages and the increasing need for portable wheel jacks for maintenance and repair on trains and aircraft are some important factors that are anticipated to favourably impact the growth of the portable wheel jack market in the years to come.

A large prospective customer base for portable wheel jacks is immediately created by the expanding and flourishing aviation and railroad industries. Because of the aggressive and strong competition among hydraulic jack producers, manufacturing firms are compelled to produce high-quality goods at the lowest possible cost.

Thus, owing to the aforementioned factors, the global industrial jacks market is expected to grow at a CAGR of 6.1% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the human insulin drugs and delivery devices market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the industrial jacks market and held a 38% share of the market revenue in 2022.

• The North American region witnessed a major share. Rapid industrialization in the region and complete mechanization in industries will propel North America to dominate the global market for industrial jacks over the Projection period. Since the United States has a high demand for automotive jacks, the country holds a significant share of the market. Moreover, technological advancements by major key players are contributing a significant share in the market growth.
• Europe is anticipated to experience significant growth during the predicted period. Mechanical engineering contributes substantially to the region's economy due to its robust industrial automation with advanced technologies. Furthermore, mechanical engineering is highly innovative with a diverse industrial base, which is expected to drive the screw jack market in the region.

Global Industrial Jacks Market - Country Analysis:

• Germany

Germany's industrial jacks market size was valued at USD 1.05 billion in 2022 and is expected to reach USD 1.69 billion by 2030, at a CAGR of 6.2% from 2023 to 2030.

A major factor anticipated to fuel the global market during the Projection period is the increasing automation in the automotive sector. Industrial jacks lift loads with minimal effort.

• China

China’s industrial jacks market size was valued at USD 1.06 billion in 2022 and is expected to reach USD 1.74 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.

There is a great increase in automobile production in China every year, which will lead to an increase in the demand for wheel jacks, which will boost the market growth.

• India

India's industrial jacks market size was valued at USD 0.81 billion in 2022 and is expected to reach USD 1.32 billion by 2030, at a CAGR of 6.3% from 2023 to 2030.

In India, the automotive industry is growing rapidly, and the launch of infrastructure and industrial development projects are expected to boost demand for industrial jacks.

Key Industry Players Analysis:  

To increase their market position in the global industrial jacks market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Mobile Industries Inc.
• Hi-Force
• Meyer Hydraulics Private Limited
• Larzep
• Kumar Machine Tools
• Bva Hydraulics
• Sam Hydromacs Private Limited
• Power Jacks Limited
• Rima Spa

Latest Development:

• In January 2020, A hydraulic jack manufacturer located in South Korea, SuhRyung Machiner, has announced plans to expand internationally by introducing its brand in ASEAN countries. The company's market share and client base have increased as a result of this.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.1%
Market Size	13.6 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Mobile Industries Inc., Hi-Force, Meyer Hydraulics Private Limited, Larzep, Kumar Machine Tools, Bva Hydraulics, Sam Hydromacs Private Limited, Power Jacks Limited, and Rima Spa.
By Type	Ball Screw Jack Screw Jack Others
By Application	Aerospace and Aircraft General Industry Automotive Material Handling Industry Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Industrial Jackss Market  By Type:

• Ball Screw Jack
• Screw Jack
• Others

Global Industrial Jackss Market By Application:

• Aerospace and Aircraft
• General Industry
• Automotive
• Material Handling Industry
• Others          

Global Industrial Jackss Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- A transparent governance system is necessary to promote a collaborative workplace culture. The industrial jacks market is now experiencing a lot of issues as a result of corruption and a lack of transparency. This lack of transparency is primarily due to the current political turbulence and unpredictability. Corruption damages stakeholders' trust in business firms and governmental agencies by promoting fraudulent operations, making business procedures like licensing and contracting more difficult, and weakening law enforcement. Economic growth is generally being slowed by rising bureaucratic corruption, which reduces the potential for markets like the industrial jacks market to flourish.

Economic Factors- Strong positive correlation between financial market efficiency and overall economic growth allows for capital accumulation and the production of goods and services. industrial jacks market must choose countries with highly efficient financial needs so that it may quickly acquire financial and human capital. By monitoring the effectiveness of the financial market, the industrial jacks market may be able to successfully stay one step ahead of the competition. industrial jacks market should consider the rates of economic growth of the various countries while selecting whether to expand abroad. In countries with strong rates of economic growth, there are more possibilities for pursuing long-term growth objectives.

Social Factors- Respect for hierarchy and social class stratification are two critical social traits that could have an impact on the commercial, marketing, and human resource management strategies for the industrial jacks market. industrial jacks market is most at ease in hierarchical structures with formal work cultures when entering nations with high power distance. Increased social stratification is another sign of the need for effective market segmentation strategies, as the industrial jacks market cannot target numerous categories from diverse social strata using the same marketing mix. Every country has unique cultural norms, values, and traditions that shape how people behave in everyday life, including as customers.

Technological Factors- The market and industry as a whole may be affected by the speed and advancement of technical innovation. By studying the upcoming technological innovation trends, the industrial jacks market will be able to comprehend the pace of new product creation, the length of the product life cycle, and the distinctive features that consumers prefer. By looking at how consumers feel about cutting-edge, new digital technology, the industrial jacks market can determine whether moving to e-commerce will be more advantageous than opening a physical site.

Environmental Factors- In some countries, the adoption of the closed-loop, circular economy concept is becoming the norm in a variety of locations and industries. Industries that benefit from supportive institutional frameworks can make recycling and reuse of materials easier. Similar to this, recycling is a popular activity in many countries. The industrial jacks market could benefit from these sustainability trends and use them as a tool to not only achieve financial objectives through lower manufacturing costs but also decrease environmental expenses. The weather must also be considered because it can significantly affect operational costs, employee productivity, and efficiency.

Legal Factors- In many countries, there are numerous federal and state laws in place to protect consumers from potential economic exploitation. In the era of information technology, laws have become considerably stricter to safeguard consumer privacy. In order to avoid legal action, the industrial jacks market must rigorously adhere to data privacy regulations when performing online transactions. Before entering new markets, management of the industrial jacks market must understand regional laws governing returns, discounts, credit terms, quality, misleading advertising, and maximum pricing (particularly in the case of basic essential goods).

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising demand among the end-users
   • 3. Restraints
     • 3.1. Unskilled labour
   • 4. Opportunities
     • 4.1. Technological advancements
   • 5. Challenges
     • 5.1. Presence of alternatives in the market

6. Global Industrial Jacks Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Ball Screw Jack
   • 3. Screw Jack
   • 4. Others
7. Global Industrial Jacks Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Aerospace and Aircraft
   • 3. General Industry
   • 4. Automotive
   • 5. Material Handling Industry
   • 6. Others
8. Global Industrial Jacks Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Industrial Jacks Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Industrial Jacks Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Mobile Industries Inc.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Hi-Force
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Meyer Hydraulics Private Limited
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Larzep
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Kumar Machine Tools
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Bva Hydraulics
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Sam Hydromacs Private Limited
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Power Jacks Limited
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Rima Spa
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis

List of Table

1. Global Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
2. Global Ball Screw Jack, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
3. Global Screw Jack, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
4. Global Others, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
5. Global Industrial Jacks Market, By Application 2023–2030 (USD Billion)
6. Global Aerospace and Aircraft, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
7. Global General Industry, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
8. Global Automotive, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
9. Global Material Handling Industry, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
10. Global Others, Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
11. Global Industrial Jacks Market, By Region, 2023–2030 (USD Billion)
12. North America Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
13. North America Industrial Jacks Market, By Application 2023–2030 (USD Billion)
14. USA Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
15. USA Industrial Jacks Market, By Application 2023–2030 (USD Billion)
16. Canada Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
17. Canada Industrial Jacks Market, By Application 2023–2030 (USD Billion)
18. Mexico Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
19. Mexico Industrial Jacks Market, By Application 2023–2030 (USD Billion)
20. Europe Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
21. Europe Industrial Jacks Market, By Application 2023–2030 (USD Billion)
22. Germany Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
23. Germany Industrial Jacks Market, By Application 2023–2030 (USD Billion)
24. France Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
25. France Industrial Jacks Market, By Application 2023–2030 (USD Billion)
26. UK Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
27. UK Industrial Jacks Market, By Application 2023–2030 (USD Billion)
28. Italy Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
29. Italy Industrial Jacks Market, By Application 2023–2030 (USD Billion)
30. Spain Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
31. Spain Industrial Jacks Market, By Application 2023–2030 (USD Billion)
32. Asia Pacific Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
33. Asia Pacific Industrial Jacks Market, By Application 2023–2030 (USD Billion)
34. Japan Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
35. Japan Industrial Jacks Market, By Application 2023–2030 (USD Billion)
36. China Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
37. China Industrial Jacks Market, By Application 2023–2030 (USD Billion)
38. India Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
39. India Industrial Jacks Market, By Application 2023–2030 (USD Billion)
40. South America Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
41. South America Industrial Jacks Market, By Application 2023–2030 (USD Billion)
42. Brazil Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
43. Brazil Industrial Jacks Market, By Application 2023–2030 (USD Billion)
44. Middle East and Africa Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
45. Middle East and Africa Industrial Jacks Market, By Application 2023–2030 (USD Billion)
46. UAE Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
47. UAE Industrial Jacks Market, By Application 2023–2030 (USD Billion)
48. South Africa Industrial Jacks Market, By Type, 2023–2030 (USD Billion)
49. South Africa Industrial Jacks Market, By Application 2023–2030 (USD Billion)

List of Figures 

1. Global Industrial Jacks Market Segmentation
2. Industrial Jacks Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Industrial Jacks Market Attractiveness Analysis By Type
9. Global Industrial Jacks Market Attractiveness Analysis By Application
10. Global Industrial Jacks Market Attractiveness Analysis By Region
11. Global Industrial Jacks Market: Dynamics
12. Global Industrial Jacks Market Share By Type (2023 & 2030)
13. Global Industrial Jacks Market Share By Application (2023 & 2030)
14. Global Industrial Jacks Market Share by Regions (2023 & 2030)
15. Global Industrial Jacks Market Share by Company (2021)