Jacks and Hoists Market

Jacks and hoists market: get recently published statistics powered by an Ai-driven business intelligence platform. Datasets cover production, exports, market prices, consumption, market size, companies, imports, and trade. Here is a breakdown by region, including Russia, the U.K., Latin America, China, Africa, the Middle East, the U.S., and EU. Market insights and forecast to 2030 are also featured in the reports.


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Jacks and Hoists - World's Largest Markets

RatingCountry
1India
2United States
3China
4Ethiopia
5Brazil

In value terms, India led the market, alone. The second position in the ranking was occupied by the United States. It was followed by China.

From 2018 to 2020, the average annual rate of growth in terms of value in India amounted to +2.6%. In the other countries, the average annual rates were as follows: the United States (-8.1% per year) and China (+0.2% per year).

Jacks And Hoists Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
South Korea14177.9-24.7%
Spain1212121.5%
China131313-0.8%
Turkey1414165.9%
Czech Republic1416168.1%
India302317-24.6%
Mexico222222-0.4%
United States2425276.6%
France403631-12.1%
Canada1768766-38.8%
Germany123120102-9.1%
Average252524-2.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($102 per unit), while South Korea ($7.9 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Germany3324376.6%
Canada24273418.8%
France524630-24.4%
Mexico14152120.9%
Poland1820194.9%
United States1717170.3%
Russia161716-0.7%
Turkey191314-13.8%
Czech Republic9.69.1115.4%
Brazil11119-9.4%
Japan108.78.5-9.7%
El Salvador0.30.40.3-5.6%
Paraguay0.20.10.1-9.6%
Average2121210.9%

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($37 per unit), while Paraguay ($0.1 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Jacks and Hoists - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States349301289-9.0%
France29297258.2%
Canada4546517.0%
Germany867349-24.4%
Mexico333424-14.2%

In value terms, the United States ($289M) constitutes the largest market for imported jacks and hoists for raising vehicles worldwide, comprising 31% of global imports. The second position in the ranking was occupied by France ($72M), with a 7.9% share of global imports. It was followed by Canada, with a 5.6% share.

In the United States, jacks and hoists imports plunged by an average annual rate of -9.0% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: France (+58.2% per year) and Canada (+7.0% per year).

Jacks and Hoists - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
China318287292-4.3%
Germany137135129-3.0%
United States908076-7.8%
France838774-5.7%
Canada817874-4.7%

In value terms, China ($292M) remains the largest jacks and hoists supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Germany ($129M), with a 14% share of global exports. It was followed by the United States, with a 8.4% share.

In China, jacks and hoists exports shrank by an average annual rate of -4.3% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-3.0% per year) and the United States (-7.8% per year).

Jacks and Hoists - Market Forecast

Driven by rising demand for jacks and hoists worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Jacks and Hoists - Product Coverage

  • HS 842549 - Jacks and hoists; (other than hydraulic), of a kind used for raising vehicles

Source: IndexBox Market Intelligence Platform

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