Global Jacks And Hoists Market 2024

Jacks And Hoists Market Size

In 2023, the global jacks and hoists market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a slight reduction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the global market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Jacks And Hoists Production

In value terms, jacks and hoists production dropped modestly to $X in 2023 estimated in export price. In general, production saw a pronounced setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, global production growth remained at a somewhat lower figure.

Jacks And Hoists Exports

Exports

In 2023, the amount of jacks and hoists for raising vehicles exported worldwide declined to X units, which is down by X% on 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The global exports peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, jacks and hoists exports expanded modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

China represented the major exporter of jacks and hoists for raising vehicles in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2023. It was distantly followed by France (X units) and the United States (X units), together generating a X% share of total exports. The following exporters - Canada (X units), Spain (X units), Turkey (X units), the Czech Republic (X units), Germany (X units), Japan (X units) and India (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to jacks and hoists exports from China stood at X%. At the same time, Canada (X%), India (X%), France (X%) and Germany (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The United States and Turkey experienced a relatively flat trend pattern. By contrast, Japan (X%), Spain (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), France (X p.p.) and Canada (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest jacks and hoists supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by France, with an X% share.

In China, jacks and hoists exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average jacks and hoists export price amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other global leaders experienced more modest paces of growth.

Jacks And Hoists Imports

Imports

In 2023, global jacks and hoists imports dropped modestly to X units, waning by X% against 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Global imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, jacks and hoists imports declined to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The United States represented the major importer of jacks and hoists for raising vehicles in the world, with the volume of imports reaching X units, which was near X% of total imports in 2023. Mexico (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%). The following importers - the UK (X units), Canada (X units), Thailand (X units), Germany (X units), the Czech Republic (X units), Poland (X units), Australia (X units), Brazil (X units), France (X units) and Russia (X units) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of jacks and hoists for raising vehicles. At the same time, Mexico (X%), the Czech Republic (X%), Thailand (X%), Australia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. By contrast, Japan (X%), the UK (X%), Canada (X%), Russia (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported jacks and hoists for raising vehicles worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the United States, jacks and hoists imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Canada (X% per year).

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2023, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform