Lifting Jack Market Definition
A jack is a mechanical lifting device used to apply great forces or lift heavy loads. A mechanical jack employs a screw thread for lifting heavy equipment. A hydraulic jack uses hydraulic power. Lifting jacks are used for leveling or positioning heavy equipment, lifting automobiles and for supporting structures. The lifting element is described as either a shoe or a saddle. A shoe is usually specially designed to match a lifting point while a saddle is a plate that is made to lift on many places. Jacks are usually rated for a maximum lifting capacity. Industrial jacks can be rated for many tons of load.
The market study is broken down by Type (Toe, Rack, Bottle, Floor and Others), by Application (Lifting Automobiles, Leveling or Positioning Heavy Equipment, Supporting Structures and Others) and major geographies with country level splits.
Research Analyst at AMA estimates that Germany Vendors will contribute to the maximum growth of Global Lifting Jack market throughout the predicted period.
ENERPAC (United States), Neuero Technology GmbH (Germany), Lifting Equipment Store (United Kingdom), HTS Hydraulische Transportsysteme GmbH (Germany), Carl Stahl GmbH (Germany), Bega Special Tools (Netherland), Omega (United States), Hegenscheidt-MFD (Germany), Power Team (United States) and PFAFF-Silberblau (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Gray Manufacturing (United States), BVA Hydraulics (United States), GKS-PERFEKT (Germany), Haacon Hebetechnik GmbH (Germany), HYDR'AM (France) and I-lift Equipment Ltd. (China).
AdvanceMarketAnalytics has segmented the market of Global Lifting Jack market by Type, Application and Region.
On the basis of geography, the market of Lifting Jack has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Mechanical will boost the Lifting Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. 1 500 Ton will boost the Lifting Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Mode, the sub-segment i.e. Manual will boost the Lifting Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mounting Type, the sub-segment i.e. Fixed will boost the Lifting Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Lifting Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On April 17, 2019, Lifting Equipment Store partner with Expedite Company to supply lifting equipment in the Middle East. The companys newest international locations based in Saudi Arabia and Bahrain in partnership with Expedite Company will provide efficient and streamlined lifting equipment distribution through their offices and warehouses in The Kingdom Of Saudi Arabia (KSA) and Bahrain.
On June 3, 2019, ENERPAC, has launched a new self-locking cube jack with 56-ton capacity incremental lifting system with automated mechanical locking. The SCJ-50 Cube Jack uses a base lifting frame and self-aligning, lightweight steel cribbing blocks to provide high-capacity and stabilized lifting, offering a safer, controlled and more efficient alternative to climbing jacks with wooden cribbing.
In the United States, ASME has developed the Safety Standard for Portable Automotive Service Equipment, including requirements for hydraulic hand jacks, transmission jacks, and emergency tire changing jacks, service jacks, fork lift jacks, and other lifting devices.
- Improvement of Safety and Weight Reduction owing to Easy Handling
- Growing end-use applications in the automobile sector for lifting vehicles & equipment and high volume production in the manufacturing industry are bolstering the demand for the lifting jack market.
- Rapid Industrialisation in Emerging Economies owing to Rising in GDP
- A rise in Production of Passenger Vehicles and Huge Investment in Technology & Innovations
- High Cost of Hydraulic Jacks owing to Fluid Used
- Overloading of Jack Trips Safety Valves
- Jack does not Fully Extend or is Slow to Release owing to Fluid Compression
Key Target Audience
Lifting Jack Manufacturers, Raw Material Suppliers, Automobile Companies, Manufacturing & Engineering Firm, Traders/Exporters/Importers and Others
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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