Market Definition
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.
Market Outlook
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.
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.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
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.
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Major 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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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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