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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

Rating	Country
1	India
2	United States
3	China
4	Ethiopia
5	Brazil

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
South Korea	14	17	7.9	-24.7%
Spain	12	12	12	1.5%
China	13	13	13	-0.8%
Turkey	14	14	16	5.9%
Czech Republic	14	16	16	8.1%
India	30	23	17	-24.6%
Mexico	22	22	22	-0.4%
United States	24	25	27	6.6%
France	40	36	31	-12.1%
Canada	176	87	66	-38.8%
Germany	123	120	102	-9.1%
Average	25	25	24	-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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Germany	33	24	37	6.6%
Canada	24	27	34	18.8%
France	52	46	30	-24.4%
Mexico	14	15	21	20.9%
Poland	18	20	19	4.9%
United States	17	17	17	0.3%
Russia	16	17	16	-0.7%
Turkey	19	13	14	-13.8%
Czech Republic	9.6	9.1	11	5.4%
Brazil	11	11	9	-9.4%
Japan	10	8.7	8.5	-9.7%
El Salvador	0.3	0.4	0.3	-5.6%
Paraguay	0.2	0.1	0.1	-9.6%
Average	21	21	21	0.9%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
United States	349	301	289	-9.0%
France	29	29	72	58.2%
Canada	45	46	51	7.0%
Germany	86	73	49	-24.4%
Mexico	33	34	24	-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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	318	287	292	-4.3%
Germany	137	135	129	-3.0%
United States	90	80	76	-7.8%
France	83	87	74	-5.7%
Canada	81	78	74	-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.