U.S. - Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingJacks And Hoists Prices in the United States
U.S. Jacks And Hoists Import Price in June 2022
The average jacks and hoists price stood at $20 per unit in June 2022, remaining stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average import price increased by 7.3% against the previous month. As a result, import price attained the peak level of $21.0K per thousand units. From March 2022 to June 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Mexico ($38 per unit), while the price for South Korea ($5.9 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Jacks And Hoists Imports
In August 2022, purchases abroad of jacks and hoists for raising vehicles was finally on the rise to reach 1.7M units for the first time since May 2022, thus ending a two-month declining trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 11% month-to-month. Over the period under review, imports attained the maximum at 1.8M units in May 2022; however, from June 2022 to August 2022, imports stood at a somewhat lower figure.
In value terms, jacks and hoists imports reached $33M (IndexBox estimates) in August 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when imports increased by 4.4% month-to-month. As a result, imports attained the peak of $37M. From June 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
U.S. Jacks And Hoists Imports by Country
In June 2022, China (1.1M units) constituted the largest jacks and hoists supplier to the United States, accounting for a 64% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, Canada (395K units), threefold. The third position in this ranking was held by India (63K units), with a 3.7% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (-2.3% per month) and India (+5.6% per month).
In value terms, China ($19M) constituted the largest supplier of jacks and hoists to the United States, comprising 55% of total imports. The second position in the ranking was held by Canada ($8.2M), with a 24% share of total imports. It was followed by Mexico, with a 6.7% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from China amounted to -1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+2.3% per month) and Mexico (+5.8% per month).
This report provides an in-depth analysis of the jacks and hoists market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221370 - Jacks and hoists of a kind used for raising vehicles (excluding built-in jacking systems of a kind used in garages, hydraulic jacks and hoists)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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In value terms, jacks and hoists imports stood at $25M in March 2023.
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Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
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