Portable Wheel Jack Market Report: Trends, Forecast and Competitive Analysis to 2030

Portable Wheel Jack Trends and Forecast

The future of the global portable wheel jack market looks promising with opportunities in the automotive, marine, construction, mining, aerospace, and railway markets. The global portable wheel jack market is expected to reach an estimated $9.9 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing numbers of cars ownership, rising demand for lightweight and portable wheel jacks, and expanding adoption of floor jacks.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Portable Wheel Jack by Segment

The study includes a forecast for the global portable wheel jack by power type, application, and region.

Portable Wheel Jack Market by Power Type [Shipment Analysis by Value from 2018 to 2030]:

• Hydraulic
• Electric
• Air
• Pneumatic

Portable Wheel Jack Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Marine
• Construction
• Mining
• Aerospace
• Railway
• Others

Portable Wheel Jack Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Portable Wheel Jack Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies portable wheel jack companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the portable wheel jack companies profiled in this report include-

• Autofit
• ENERPAC
• ESCO
• Horizon Global
• SPX Flow

Portable Wheel Jack Market Insights

Lucintel forecasts that hydraulic is expected to witness the highest growth over the forecast period.

Within this market, automotive is expected to witness the highest growth over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Portable Wheel Jack Market

Market Size Estimates: Portable wheel jack market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Portable wheel jack market size by power type, application, and region in terms of value ($B).

Regional Analysis: Portable wheel jack market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different power types, applications, and regions for the portable wheel jack market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the portable wheel jack market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the portable wheel jack market size?

Answer: The global portable wheel jack market is expected to reach an estimated $9.9 billion by 2030.

Q2. What is the growth forecast for portable wheel jack market?

Answer: The global portable wheel jack market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the portable wheel jack market?

Answer: The major drivers for this market are growing numbers of cars ownership, rising demand for lightweight and portable wheel jacks, and expanding adoption of floor jacks.

Q4. What are the major segments for portable wheel jack market?

Answer: The future of the portable wheel jack market looks promising with opportunities in the automotive, marine, construction, mining, aerospace, and railway markets.

Q5. Who are the key portable wheel jack market companies?

Answer: Some of the key portable wheel jack companies are as follows:

• Autofit
• ENERPAC
• ESCO
• Horizon Global
• SPX Flow

Q6. Which portable wheel jack market segment will be the largest in future?

Answer: Lucintel forecasts that hydraulic is expected to witness the highest growth over the forecast period.

Q7. In portable wheel jack market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the portable wheel jack market by power type (hydraulic, electric , air, and pneumatic), application (automotive, marine, construction, mining, aerospace, railway, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?