Portable Wheel Jack: A Ubiquitous Tool to Lift the Equipment
Portable Wheel Jack product continues to gain substantial demand over the coming years. In recent years, manufacturers have transformed their focus on new technologies to enhance the product effectiveness. Metal stampings and a bushing material for a mount with minimal deflection and maximum support are incorporated in the portable wheel to gain competitive edge.
Portable Wheel Jack Market - Key Research Findings
Global portable wheel jack market size in 2018 – nearly US$ 4,900 Mn.
The portable wheel jack market is expected to grow at a CAGR of over 3% during 2019-2029.
Europe, North America, and East Asia are projected to remain leading regional markets in the portable wheel jack market.
Europe and North America are the prominent regions in the portable wheel jack market. These regions account for significant shares in terms of production of automobiles and aircraft. Also, North America has a large number of airports, mirroring the robust demand for portable wheel jacks at airports.
Electric portable wheel jacks are expected to remain the most preferred product type in the portable wheel jack market.
The growth of this segment can be primarily attributed to the fact that electric portable wheel jacks offer exceptional safety and complete reliability in terms of lifting heavy loads, whilst mechanical jacks could be used for the reliable lifting of moderate and light loads. This feature safeguards customers from accidents and damage to infrastructure or life during heavy load lifting operations.
Top 3 Factors Shaping the Portable Wheel Jack Market
Hydraulic, electric, and pneumatic portable wheel jacks as an alternative for conventional jacks
Hydraulic, pneumatic, and electric portable wheel jacks provide significant advantages over mechanical jacks, and the increasing production of hydraulic jacks with great load sustaining capacity and hassle-free availability will increase the global trend of portable wheel jacks.
Increasing number of garages for automotive vehicles
There has been growth in the number of garages of automobile vehicles and increased awareness between railway and aircraft companies about the maintenance of these vehicles. Furthermore, elevation in the construction of new authorized repair shops and independent repair shops, mainly in Asia Pacific and Europe, will likely augment the sales of portable wheel jacks.
Portable Wheel Jack Market Structure Analysis
Horizon Global Corp., Curt Manufacturing LLC, Lippert Components, Inc., Gray Manufacturing Company Inc., Osaka Jack Co. Ltd., Tronair Inc. are some of the prominent portable wheel jack manufacturers operating in the global landscape.
Mergers of small-scale companies into global entities will create big global brands
Small-scale companies dedicated to the production of a variety of portable wheel jacks are getting acquired by big brands in the market, which is giving rise to big global players for portable wheel jacks with vivid product portfolios.
For instance, recently, a global entity named Horizon Global Corporation acquired renowned companies such as Fulton and Bulldog, which were prominent manufacturers of swivel jacks for marine trailers. After these mergers, these companies are producing products under the brand of Horizon Global Corporation.
Market Set to Grow 1.5x between 2019 and 2029
Long working life of portable wheel jacks and economic operations are leading to the increasing growth of the portable wheel jack market. Economic operations and reduced human effort are the primary factors that are anticipated to make hydraulic portable wheel jacks as the best alternative for lifting operations performed in multiple industries. Growth in the public transport sector also serves the market with increased railways and aircrafts. Portable wheel jacks are very effective in the process of repair and maintenance of rail-guided vehicles and aircraft. The increasing and booming automotive repair and maintenance services, air transport MRO and ship repair and maintenance services along with railway industry create enormous potential customer base for portable wheel jacks.
Emerging Regions Promise New Growth Opportunities
The portable wheel jack market is estimated to gain momentum in the East Asia and South Asia regions. North America, East Asia, and Europe are expected to contribute high revenue shares in the global portable wheel jack market in 2019. However, healthy growth is expected in developing countries, especially China, India, and Russia. East Asia is likely to emerge as a lucrative portable wheel jack market during the forecast period.
The Broader Perspective
Manufacturers involved in the production of portable wheel jacks are poised to focus on the sales of hydraulic portable wheel jacks in the near future. Nonetheless, in the long run, the demand for pneumatic and electric hydraulic jacks are likely to gain momentum at a substantial rate. This is due to the fact that, electric and pneumatic portable wheel jacks incur less amount of maintenance, and are cost-effective as compared to mechanical and hydraulic portable wheel jacks.
The automotive segment is expected to be a prominent segment in the market throughout the forecast period
The marine segment is expected to grow at a sluggish growth rate
The aerospace segment is estimated to experience constant growth in term of CAGR
Under the railways segment, the railcar jacks sub-segment is likely to grow at more than 5% rate in South Asian countries
The construction and mining segment is projected to increase at a slow growth rate in the North American region
The hydraulic portable wheel jacks segment is estimated to hold more than 50% market share throughout the forecasted period
The pneumatic portable wheel jacks segment is projected to witness lucrative growth in South Asia by the end of 2019
The electric portable wheel jacks segment is anticipated to experience increasing growth in Latin America
The manually operated portable wheel jacks segment is likely to hold the maximum volume share in the North American region
How Growth will Unfold
The aerospace segment is expected to maintain its lead over other variants during the assessment period, whereas, the automotive segment is also expected to gain momentum by the end of 2029.
Automotive | Marine| Aerospace | Railways | Construction and Mining
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Portable Wheel Jack Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, titled, 'Portable Wheel Jack Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029', offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the portable wheel jack market, the growth prospects of the market are obtained with maximum precision.
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
- Floor Jacks/Service Jacks
- Bottle Jacks
- Scissor Jacks
- Hi Lift Jacks
- Trailer Jacks
- Swivel Jacks with Wheels
- Round Jacks (Swivel) with Foots & Others
- Axle Jacks
- Tripod Jacks
- Heavy locomotives Jacks
- Railcar Jacks
- Transit Jacks
- Construction and Mining
- High tonnage mining Jacks
- Scaffolding Jacks
- Hydraulic Jacks
- Mechanical Jacks
By Product Type
- Hydraulic Portable Wheel Jacks
- Pneumatic Portable Wheel Jacks
- Electric Portable Wheel Jacks
- Manually Operated Portable Wheel Jacks
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the portable wheel jack market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the portable wheel jack market.
Readers can find a detailed taxonomy and the definition of the portable wheel jack market in this chapter, which will help them understand the basic information about the portable wheel jack market. This section also highlights the market coverage, which helps the reader understand the scope of the portable wheel jack market report.
This chapter explains the key macro-economic factors that are expected to influence the growth of the portable wheel jack market over the forecast period. Along with macroeconomic factors, this section also highlights the forecast factors and regional dynamics for the portable wheel jack market. This chapter also highlights the key market dynamics of the portable wheel jack market, which include the drivers, restraints, and trends. Moreover, readers will understand the key trends followed by leading manufacturers in the portable wheel jack market. This chapter also includes the portable wheel jack value chain, along with forecast factors.
This section explain the global market value analysis and forecast for the portable wheel jack market between the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical portable wheel jack market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019), and an incremental opportunity for the forecast period (2019–2029).
Based on end use, the portable wheel jack market is segmented into automotive, marine, aerospace, railways, and construction & mining. The automotive segment is further segmented into floor jacks/service jacks, bottle jacks, scissor jacks, hi lift jacks, and trailer jacks. The marine segment is further segmented into swivel jacks with wheels, and round jacks (swivel) with foots & others. The aerospace segment is further segmented into axle jacks and tripod jacks. The railways segment is further segmented into heavy locomotives jacks, railcar jacks, and transit jacks. The construction & mining segment is further segmented into high tonnage mining jacks, scaffolding jacks, hydraulic jacks, and mechanical jacks. In this chapter, readers can find information about the absolute opportunity by each end user type, along with its sub segments in the portable wheel jack market, and market attractiveness analysis based on end use.
This chapter provides details about the portable wheel jack market on the basis of product type, and has been classified into hydraulic portable wheel jacks, pneumatic portable wheel jacks, electric portable wheel jacks, and manually operated portable wheel jacks. In this chapter, readers can understand the market attractive analysis based on product type.
This chapter explains how the portable wheel jack market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America portable wheel jack market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the several segments and countries in North America.
Readers can find detailed information about the regional trends that are impacting the growth of the Latin America portable wheel jack market. This chapter also includes the growth prospects of the portable wheel jack market in leading Latin American countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the portable wheel jack market based on its absolute opportunity in European countries such as Germany, France, the U.K., Spain, Italy, Russia, Poland, and the Rest of Europe, are included in this chapter.
India and ASEAN countries are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia portable wheel jack market, in this chapter. Readers can find detailed information about the growth parameters of the South Asia portable wheel jack market during the period 2019-2029.
This chapter highlights the growth of the portable wheel jack market in East Asia, which includes China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the portable wheel jack market in East Asia.
This chapter highlights the growth of the portable wheel jack market in Oceania, which includes countries such as Australia and New Zealand. This chapter gives detailed information about the trends that are impacting the growth of the Oceania portable wheel jack market.
This chapter provides information about how the portable wheel jack market will grow in major countries in the MEA region, such as Turkey, South Africa, GCC Countries, and the Rest of MEA, during the forecast period 2019-2029.
In this chapter, readers can find detailed information about the tier analysis, regional sales ratio, market intensity analysis, and market concentration of the key players in the portable wheel jack market, along with regional comparison on the basis of key factors in the portable wheel jack market.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the portable wheel jack market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Robert Bosch GmBH, Denso Corporation, Valeo SA, Continental AG, Mitsuba Corporation, and Kautex Textron GmbH & Co. KG, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the portable wheel jack market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions, as well as important qualitative and quantitative information about the portable wheel jack market.
How the research was conducted?
Primary research interview with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Prevalence of portable wheel jacks
- High prevalence by end users
- Adoption of advanced portable wheel jacks
- Average selling price (us$) and market growth
- Key developments
- Key trends and opportunities
- Region-wise dynamics
- Market share information
- Key brands
- Competition & key vendor strategies
- Information regarding application
- Quarterly financial statements
- 10-K & 10-Q filings
- Morning Star
- Zawya, etc. along with company websites and other published financial sources, including local newspapers and magazines to determine company-wise earnings
- Corporate press release specification sheet, price list catalogs, financial disclosures provided sales, products and product related information
- Publication from trade organizations, associations, and governments, along with ITC trade database and regional / local paid databases
- Articles from target industry experts and industry stakeholders, press information and data released by exhibitions conducted by associations, etc.
- Annual reports/SEC filings/investor presentations
- Industry journals
Primary Interview Splits