Global Jacks And Hoists Market 2024

Jacks And Hoists Market Size

The global jacks and hoists market declined slightly to $X in 2022, waning by -1.6% against the previous year. Overall, consumption continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production

In value terms, jacks and hoists production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 10%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports

In 2022, global jacks and hoists exports dropped to X units, falling by -7% compared with the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, jacks and hoists exports reached $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was near 57% of total exports in 2022. The United States (X units) held the second position in the ranking, followed by France (X units). All these countries together took approx. 15% share of total exports. Spain (X units), Canada (X units), Germany (X units), India (X units), Turkey (X units), the Czech Republic (X units), Italy (X units), Mexico (X units) and Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, India (+25.3%), Canada (+22.6%), Italy (+8.6%), Germany (+1.7%) and France (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.3% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Turkey (-1.5%), Spain (-2.6%), Japan (-3.0%), the Czech Republic (-10.7%) and Mexico (-16.4%) illustrated a downward trend over the same period. While the share of China (+11 p.p.), Canada (+2.3 p.p.) and India (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Czech Republic (-5 p.p.) and Mexico (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest jacks and hoists supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Germany ($X), with a 12% share of global exports. It was followed by Canada, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +6.5%. In the other countries, the average annual rates were as follows: Germany (-3.3% per year) and Canada (+4.6% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, surging by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 when the average export price increased by 10%. The global export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+17.9%), while the other global leaders experienced more modest paces of growth.

Jacks And Hoists Imports

Imports

In 2022, approx. X units of jacks and hoists for raising vehicles were imported worldwide; reducing by -7.2% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Global imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports contracted slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Global imports peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

The United States represented the major importing country with an import of about X units, which finished at 45% of total imports. It was distantly followed by Mexico (X units), generating an 8.1% share of total imports. Japan (X units), Russia (X units), Germany (X units), Canada (X units), France (X units), Poland (X units), the UK (X units), Australia (X units), Brazil (X units) and the Czech Republic (X units) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of jacks and hoists for raising vehicles. At the same time, the Czech Republic (+9.5%), Mexico (+9.1%), Australia (+3.1%), Poland (+3.0%) and Brazil (+1.4%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +9.5% from 2012-2022. By contrast, Canada (-2.5%), Russia (-3.5%), Japan (-4.0%), the UK (-5.2%), France (-6.1%) and Germany (-12.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Mexico increased by +5.9 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported jacks and hoists for raising vehicles worldwide, comprising 35% of global imports. The second position in the ranking was held by Germany ($X), with a 5.6% share of global imports. It was followed by Canada, with a 5.3% share.

In the United States, jacks and hoists imports increased at an average annual rate of +3.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and Canada (+2.9% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, picking up by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2019 when the average import price increased by 8.9%. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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