New York, According to a new market research report published by Global Insight Services “Portable Wheel Jack Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A portable wheel jack is a device that is used to lift a vehicle by its wheels. It is a handheld device that can be operated by one person. The portable wheel jack is placed under the vehicle’s wheels and operated by a crank. It can be used to lift a vehicle’s wheels off the ground so that it can be moved.
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Key Trends
One of the key trends in portable wheel jack technology is the increasing use of electric motors. Electric motors offer a number of advantages over traditional hydraulic lifting mechanisms.
Another key trend is the increasing use of wireless technologies. Wireless technologies make it possible to operate a portable wheel jack from a distance, making them much more convenient to use.
The final key trend is the increasing use of sensors. Sensors are used to monitor the position of the load, the amount of force being applied, and the speed at which the load is being moved.
Key Drivers
The key drivers of the Portable Wheel Jack market are the increasing demand for automotive, the need for safe and easy lifting of vehicles, and the growing popularity of recreational vehicles.
The automotive industry is the largest end-user of portable wheel jacks, accounting for over 60% of the total demand in 2018. The need for safe and easy lifting of vehicles is the primary driver for the growth of the portable wheel jack market in the automotive industry.
The need for safe and easy lifting of heavy construction equipment is the primary driver for the growth of the portable wheel jack market in the construction industry.
The need for safe and easy lifting of recreational vehicles is the primary driver for the growth of the portable wheel jack market.
Market Segments
The portable wheel jack market is segmented by type, end-user, and region. By type, the market is classified into hydraulic, pneumatic, and others. Based on the end-user, it is bifurcated into automotive, marine, aerospace, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global portable wheel jack market includes players such as Horizon Global Corp., Curt Manufacturing LLC, Lippert Components Inc., Gray Manufacturing Company Inc., Osaka Jack Co. Ltd., Tronair Inc., Kubanzheldormash Co., Dutton-Lainson Company, Vestil Manufacturing, Hydro Systems KG, and others.
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Reasons to buy Portable Wheel Jack Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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