Portable Wheel Jack Market to Partake Significant Development During 2018 - 2028
Portable Wheel Jack is a device which is utilized to raise a part of the vehicle into the air in order to facilitate repairs. Nowadays, portable wheel jacks is one of the most important tool in the vehicles due to the events such as flat tire during our journey. Portable wheel jack is basically a mechanical device utilized to lift heavy loads or to apply great forces. Portable wheel jacks are one of the most important part by which vehicle maintenance can be performed.
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Global Portable Wheel Jack Market: Segmentation
Globally, the Portable Wheel Jack market can be segmented on the basis of product type, operation and application and sales channel
Based on the product type, the global portable wheel jack market can be segmented into
Hydraulic Bottle Jack
Based on the operation, the global portable wheel jack market can be segmented into
Based on the application, the global portable wheel jack market can be segmented into
Light Commercial Vehicles
Heavy Commercial Vehicles
Railways and Locomotives
Based on the sales channel, the global portable wheel jack market can be segmented into
Global Portable Wheel Jack Market: Dynamics
With increase in the vehicle demand and escalating urban population density, globally the automotive production is expected to rise significantly. Rising disposable incomes has led to increase in consumer spending, which boosts automotive sales. Increase in the vehicle sales will demand more number of portable wheel jacks across the globe. Moreover, with the improvements in technology and material utilized for automotive manufacturing, average operational age of vehicles has increased substantially. The reliability of the vehicles has been increased significantly over the last decade. Thus, in turn demand for the portable wheel jack is expected to boost in the near future.
However, various portable jacks may lead to a serious number of accidents. These are mainly due to the insufficient safety features in the portable wheel jacks. The aforementioned reasons are found to be one of the major challenge in the global portable wheel jack market.
Promotion of investments in the automotive lift technology, especially in the area of safety is expected to provide the growth opportunities for the portable wheel jack manufacturers across the globe.
Development of powered portable wheel jack owing to the various benefits associated with such as easy handling, etc., are found to be one of the key trends identified in the global portable wheel jack market.
Global Portable Wheel Jack Market: Regional Outlook
Considering regions, Asia-Pacific spearheaded by China and India is expected to dominate the global portable wheel jack market owing to the growing automotive sales across these countries. Growth in the vehicle demand is primarily due to the growing populations and urbanization across the developing nations. Asia-Pacific in the global portable wheel jack market is anticipated to be followed by Europe. Sales of the portable wheel jack is expected to grow at moderate rate over the next decade in European region. North America and Latin America in the global portable wheel jack market are expected to grow at steady rate over the forecast years. Middle East & Africa in the global portable wheel jack market is expected to grow at health rate over the forecast years.
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Global Portable Wheel Jack Market: Market Participants
Examples of some of the market participants involved in the global Portable Wheel Jack market include Whiting Corporation, Shinn Fu Company of America, Inc., Macton Corporation, Emerson Manufacturing, QuickJack, LLC, Jinyun County Zhaoshi Tools Co., Ltd., The global portable wheel jack market is expected to be partly fragmented market owing to the presence of limited number of global as well as local players.
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