Automotive Jack Market Size was valued at USD 15.9 Billion in 2023. The Global Automotive Jack Market industry is projected to grow from USD 16.8 Billion in 2024 to USD 25.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2024 - 2032). Increased consumer disposable income and the rise of the automotive sector are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
One of the main factors propelling the Automotive Jacks market CAGR is the continuous growth of the global automotive sector. The need for tools and equipment necessary for auto maintenance and repair rises along with the number of automobiles on the road. The need for automotive jacks is strongly correlated with the growth of the automotive sector, which is being driven by factors including urbanization, population growth, and rising disposable income. The development of passenger vehicles, commercial fleets, and specialized vehicles in various locations adds to the ongoing demand for automotive jacks. Furthermore, advances in automobile design and technology, such as the proliferation of electric and hybrid vehicles, demand specialized jacking solutions. This driver emphasizes the symbiotic relationship between the automobile industry's growth and the need for automotive jacks.
The growing complexity of modern automobiles, along with a shift towards proactive vehicle care, is driving demand for automotive jacks. Consumers are more aware of the necessity of regular car maintenance for safety, dependability, and lifespan. This tendency is especially obvious in the Do-It-Yourself (DIY) automobile repair and maintenance industry, where enthusiasts and vehicle owners perform minor repairs themselves. Automotive jacks are essential tools for performing normal maintenance activities such as tire changes, brake repairs and undercarriage inspections. The DIY trend is fueled by internet tools and tutorials, which enable customers to undertake basic maintenance at home. As a result, there is an increasing demand for user-friendly, portable, and multifunctional automobile jacks that appeal to both professional mechanics and do-it-yourself enthusiasts.
Advancements in automobile jack technology are driven by safety concerns and a focus on ergonomic design in car workshops and garages. Manufacturers are working to build jacks that prioritize human safety, ease of use, and stability during lifting operations. Reinforced frames, safety latches, and precision engineering all help to improve the overall safety of automotive jacks. In professional automotive environments, where efficiency and safety are vital, the use of novel jack designs becomes critical. Hydraulic and pneumatic jacks, for example, provide regulated and efficient lifting, lowering the likelihood of accidents during vehicle maintenance. The incorporation of safety measures and ergonomic elements is consistent with industry norms and laws, affecting the purchasing decisions of both professionals and consumers. Thus driving the Automotive Jack Market revenue.
The Automotive Jack Market segmentation, based on Type, includes Scissor Jack, Hydraulic Jack And Others. The hydraulic jack category represented a majority share of the market in 2023. Hydraulic jacks provide unique advantages. These jacks use fluid mechanics principles to offer a smooth, controlled lift, making them an invaluable tool in both professional garages and home workshops. Their great lifting power and durable structure allow them to handle a wide range of vehicles, from little cars to heavy-duty trucks. This versatility, combined with their ease of use, has led to widespread acceptance and market dominance.
Online Channels And Offline Channels are the two segments of Application in the Automotive Jack Market. Online channels have dominated the market because of the ease they provide to consumers. Online channels offer a diverse selection of products, convenient price comparison, and the flexibility to shop from anywhere and at any time. This simplicity has resulted in a huge surge in online sales of automotive jacks.
Figure 1: Automotive Jack Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America Automotive Jack Market dominated in 2023 due to the region's robust automotive industry and high car ownership rates. The region's modern infrastructure, along with a strong emphasis on vehicle safety and maintenance, is driving up demand. The United States, with its extensive network of service stations and vehicle repair shops, emerged as the dominant customer, accounting for a sizable share of the regional market. These elements are driving growth in North America.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: AUTOMOTIVE JACK MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive Jack Market accounts for the second-largest market share. This is due to the presence of various significant automotive brands and manufacturers in the region, which supports the industry forecast. Further, the German Automotive Jack Market held the largest market share, and the UK Automotive Jack Market was the fastest-growing market in the European region.
The Asia-Pacific Automotive Jack Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the region's increasing industrialization and technological breakthroughs. Moreover, China’s Automotive Jack Market held the largest market share, and the Indian Automotive Jack Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Jack Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Automotive Jack industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Jack industry to benefit clients and increase the market sector. In recent years, the Automotive Jack industry has offered some of the most significant advantages to medicine. Major players in the Automotive Jack Market, including Whiting Corporation, Shinn Fu, Macton, Emerson, QuickJack, Jinyun County Zhaoshi Tools, CAP and others, are attempting to increase market demand by investing in research and development operations.
Sanden Corporation is a Japanese automobile and electrical equipment manufacturing firm headquartered in Isesaki, Gunma, that is publicly traded on the Tokyo Stock Exchange. Kaihei Ushikubo created Sankyo Electric Company (Sankyo Denki Co) in July 1943. The company's earliest products included wireless communication devices, mica condensers, and paper condensers. Five years later, the firm expanded its product line to include dynamo bicycle lamps. In August 2020, Sanden Holdings Corporation (Sanden), in conjunction with Argo Graphics Inc. (Argo Graphics) and NEC Corporation (NEC), launched a Product Lifecycle Management (PLM) system to centrally manage the company's design and production processes worldwide.
Emerson Electric Company is an American multinational firm based in Ferguson, Missouri. The Fortune 500 firm develops goods and offers engineering services to the industrial, commercial, and consumer markets. Emerson has about 86,700 people and 170 manufacturing facilities. In April 2020, Emerson purchased American Governor Company to strengthen its position in the hydropower control systems market.
In January 2023, Horizon Global Corp, a towing and trailering equipment manufacturer, entered into a definitive merger agreement with First Brands Group LLC.
In January 2020, SuhRyung Machiner, a hydraulic jack manufacturer based in South Korea, announced plans to expand its global footprint by releasing its brand in ASEAN countries. This has helped the organization grow its customer base and market share.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 15.9 Billion |
| Market Size 2024 | USD 16.8 Billion |
| Market Size 2032 | USD 25.7 Billion |
| Compound Annual Growth Rate (CAGR) | 6.20% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Whiting Corporation, Shinn Fu, Macton, Emerson, QuickJack, Jinyun County Zhaoshi Tools, CAP, Dino Paoli, REPCO, MECHPRO, and OMEGA. |
| Key Market Opportunities | · The rapid growth of the automotive maintenance market |
| Key Market Dynamics | · Rising Automation in The Automotive Industry |
Frequently Asked Questions (FAQ) :
The Automotive Jack Market size was valued at USD 15.9 Billion in 2023.
The global market is projected to grow at a CAGR of 6.20% from 2024 to 2032.
North America had the largest share of the global market
The key players in the market are Whiting Corporation, Shinn Fu, Macton, Emerson, QuickJack, Jinyun County Zhaoshi Tools, CAP and others.
The Online channels category dominated the market in 2023.
The hydraulic jack category had the largest share of the global market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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