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| A08759 | Pages: NA | Dec 2021 | 1128 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Jack Market
Request Now !Automotive jackis a mechanical device commonly used for lifting, adjusting, and positioning of the automotive in various fields. Automotive jacks have a wide range of applications, includingseasonal tire changes, tire rotation, changing a flat tire, repair of vehicles, and maintenance &inspection of damages of vehicles.Therefore, it iswidely used in the automobile industry. In addition, vehicle users require jacks when theyface problems in terms of flat tires due to bad condition of roads,thus supplementingthe automotive jack market.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Norco Professional Lifting Equipment, US Jacks, Weaver Jacks, ESCO, Autoline Industries, Surewerx, Blackhawk Automotive, and Shinn Fu Company of America |
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Top impacting factors that drive the growth of the automotive jack market are the rapid growth of theautomotive maintenance market andincrease inuse of heavy vehicles.However, high cost of the product hampers the growth of the market. Furthermore,rise innumber of car repairing garages and increase inrepair &maintenance activitiesprovidelucrative opportunitiesfor the automotive jack market.
Rapid growth of theautomotive maintenance market
The growth of the automotive maintenance markethas escalated the demand for automotive jack. More maintenance garages leads to increase in demand forcar jacks to be used in repairing purposessuch as tire change, rim change, flat tire repairing, etc.Therefore, this increasesthe demand forjack andresultsin the growth of the automotive jack market.
Increase inuse of heavy vehicles
Automotive jacks are required to lift heavy vehicles. Heavy vehicle use has increased with growth in theconstruction and mining industries. These vehicles require high weight tackling jacks to lift them. Additionally, repairing of tires or other parts of heavy vehicles requires jack,therebypropelling the growth of theautomotive jack market in the coming years.
Key segments covered:
Segments | Sub-segments |
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