Report Update Nov 1, 2024

Luxembourg - Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Luxembourg

In 2022, after three years of growth, there was significant decline in the Luxembourg jacks and hoists market, when its value decreased by -71.3% to $X. In general, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production in Luxembourg

In value terms, jacks and hoists production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 74%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports from Luxembourg

In 2022, approx. X units of jacks and hoists for raising vehicles were exported from Luxembourg; growing by 25% compared with the previous year's figure. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 176%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, jacks and hoists exports soared to $X in 2022. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 2,048% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for jacks and hoists exports from Luxembourg, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +13.7%.

In value terms, Belgium ($X) also remains the key foreign market for jacks and hoists for raising vehicles exports from Luxembourg.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +12.1%.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 678%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -1.4% per year.

Jacks And Hoists Imports

Imports into Luxembourg

In 2022, purchases abroad of jacks and hoists for raising vehicles decreased by -54.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a mild descent. The growth pace was the most rapid in 2020 with an increase of 57%. Imports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, jacks and hoists imports declined dramatically to $X in 2022. In general, imports saw a pronounced slump. The growth pace was the most rapid in 2015 when imports increased by 58%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of jacks and hoists to Luxembourg, with a 62% share of total imports. Moreover, jacks and hoists imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.3% per year) and Belgium (+0.2% per year).

In value terms, Germany ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Luxembourg, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.9% per year) and France (-17.0% per year).

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, falling by -17% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jacks and hoists for raising vehicles in the world?

The United States remains the largest jacks and hoists consuming country worldwide, accounting for 26% of total volume. Moreover, jacks and hoists consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Canada, with an 8% share.

What are the largest producers of jacks and hoists for raising vehicles in the world?

China constituted the country with the largest volume of jacks and hoists production, comprising approx. 56% of total volume. Moreover, jacks and hoists production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Canada ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of jacks and hoists for raising vehicles to Luxembourg?

In value terms, the largest jacks and hoists suppliers to Luxembourg were Germany, Belgium and the Netherlands, together accounting for 88% of total imports. France and the Czech Republic lagged somewhat behind, together comprising a further 10%.

What are the leading importers of jacks and hoists for raising vehicles from Luxembourg?

In value terms, Belgium remains the key foreign market for jacks and hoists exports from Luxembourg.

What is the average export price for jacks and hoists for raising vehicles in Luxembourg?

The average jacks and hoists export price stood at $19 per unit in 2021, with a decrease of -7.8% against the previous year.

What is the average import price for jacks and hoists for raising vehicles in Luxembourg?

The average jacks and hoists import price stood at $52 per unit in 2021, shrinking by -18% against the previous year.

This report provides an in-depth analysis of the jacks and hoists market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023