The global air lift jack market has the potential to grow by USD 5 billion during 2019-2023, and the market's growth momentum will decelerate during the forecast period.
This air lift jack market analysis report provides a detailed analysis of the market by end-users (individual customers and professional customers) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Astro Pneumatic Tool Co., ATD Tools Inc., Emerson Manufacturing Corp., Gray Manufacturing Co. Inc., Jack Sealey Ltd., JET Equipment & Tools Ltd., Norco Industries Inc., Shinn Fu Company of America Inc., Sunex Tools Inc., and Tire Service International.
Market Overview
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Market Competitive Analysis
The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Prominent vendors in the market are introducing aluminum air lift jacks to attract customers who look for lightweight air lift jacks. Astro Pneumatic Tool Co., ATD Tools Inc., and Emerson Manufacturing Corp. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the availability of low-quality air-lift jacks will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this automotive air lift jack market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this automotive air lift jack market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading automotive air lift jack companies, including:
- Astro Pneumatic Tool Co.
- ATD Tools, Inc.
- Emerson Manufacturing Corp.
- Gray Manufacturing Co. Inc.
- Jack Sealey Ltd.
- JET Equipment & Tools Ltd.
- Norco Industries Inc.
- Shinn Fu Company of America Inc.
- Sunex Tools, Inc.
- Tire Service International
Automotive Air Lift Jack Market: Segmentation by Region
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The strong economic growth in emerging countries such as China and India has led to an increase in the sales of passenger cars and commercial vehicles. Price-sensitive customers in APAC do not change or replace their vehicles frequently when compared to customers in the western countries of Europe and North America. These factors have necessitated the need for proper repair and maintenance tools, including air lift jacks in these regions.
According to this automotive air lift jack market analysis, nearly 37% of the market growth will originate from APAC during the forecast period. China is the critical market for automotive air lift jacks in the region. However, market growth in APAC will be slower than the growth of the market in South America.
Automotive Air Lift Jack Market: Segmentation by End-users
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DIY customers in developed countries such as the US and Germany are increasingly purchasing auto products through e-commerce websites. Several e-commerce players in developing countries are also offering automotive parts and accessories to attract DIY customers. The growth of the e-commerce industry will positively influence market growth in the individual customers' segment.
The growth of the market in this segment will be faster than the growth of the market in the professional customers' segment. This automotive air lift jack market analysis report provides an accurate prediction of the contribution of all the segments to the growth of the automotive air lift jack market size.
Automotive Air Lift Jack Market: Key Drivers and Trends
There is growing popularity of air bottle jacks among commercial vehicle users and fleet operators because of their cost-effectiveness and convenience in lifting heavy vehicles. Air bottle jacks are compact, powerful, and use pressurized air to lift the unit. These properties make them more suited for lifting operations compared to other conventional jacks. Several vendors in the market are introducing air bottle jacks with different lifting capacities to cater to the growing demand from commercial vehicle operators. This air lift jack market analysis predicts the increasing adoption of air bottle jacks in heavy-duty and commercial vehicle applications to be one of the key factors driving the growth of the market during the forecast period.
- The rising demand for portable air lift jacks is one of the automotive air lift jack market trends that will affect the market landscape.
- Portable air lift jacks are filled with pneumatic wheels to facilitate easy maneuverability.
- End-users are exhibiting strong demand for portable air lift jacks as they are easy to maneuver and operate.
- Their high lifting capabilities make them ideal for vehicles with high ground clearance.
- Their growing popularity is prompting leading vendors to offer a wide range of portable air lift jacks.
- During the forecast period, the market will register a CAGR of nearly 26%. However, the market's growth momentum will decelerate during the forecast period because of the decline in year-over-year growth.
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Automotive Air Lift Jack Market: Key Highlights of the Report for the Forecast Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive air lift jack market size during the next five years
- Precise estimation of the global automotive air lift jack market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive air lift jack industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive air lift jack vendors
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