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Key Trends Reshaping the Jacking System Rental Services Market: Advancements In Heavy Lifting Technologies Driving Efficiency And Safety In Infrastructure Projects Industry Transformation
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Jacking System Rental Services Market Size Growth Forecast: What to Expect by 2025?
The market for rental amenities of jacking systems has seen substantial expansion in recent periods. Forecasting an escalation from $3.92 billion in 2024 to $4.21 billion in 2025 signifies a compound annual growth rate (CAGR) of 7.3%. The growth rate observed throughout the historical period is due to a variety of factors that include the acceleration of urbanization and smart city projects, expansion in mining and tunneling maneuvers, increasing concentration on cost productivity in large scale ventures, heightened cognizance of safety norms for laborers and load handling, and the increment in government expenditures in public infrastructure.
How Will the Jacking System Rental Services Market Size Evolve and Grow by 2029?
Predictions indicate a robust expansion for the jacking system rental services market in the upcoming years, with its size anticipated to reach $5.51 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.0%. This expected growth during the forecast period is driven by factors such as the surge in infrastructure development activities, increased investments in oil and gas exploratory missions, the expansion of shipbuilding and maintenance activities, a rising need for secure and highly effective lifting solutions, and increased industrial automation and modernization. Key trends set to be seen during the forecast period encompass progress in hydraulic technology, incorporation of automation and control systems, improvements in wireless remote control technology, advancements in the design of modular jacking systems, and the integration of the Internet of Things (IoT) into lifting equipment.
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What Drivers Are Propelling the Growth of Jacking System Rental Services Market Forward?
The jacking system rental services market is anticipated to enjoy significant growth due to rising infrastructure development. This refers to the construction and upgrade of essential systems and facilities, including transportation networks, utility services and public infrastructure, that are integral to economic progress and societal advancement. The rise in urbanization and expanding cities is propelling this development as these urban areas necessitate enhanced transportation, utilities and public services to sustain their growing populations and economic activities. One of the crucial drivers for the demand of jacking system rental services is the infrastructure development, as large-scale construction projects, including buildings, bridges, and industrial facilities, often require heavy lifting and structural support. A case in point is the July 2024 data from the Office for National Statistics (ONS), a UK-based government department, where it was reported that the total investment in the infrastructure sector for 2023 reached $17.3 billion (£13.8 billion), marking a 3.9% increase from the previous year. Thus, the escalation in infrastructure development is proving to be a key factor propelling the growth of the jacking system rental services market.
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Which Emerging Trends Are Transforming the Jacking System Rental Services Market in 2025?
Leading businesses that operate within the jacking system rental services field are honing their focus on the innovation of advanced products like heavy lifting systems. The objective is to heighten lifting capacity, improve operational effectiveness, and ensure better safety in industrial and infrastructure ventures. The term heavy lifting system denotes an exclusive mechanical system that is developed to transport and elevate extraordinarily heavy loads by utilizing technologies such as strand jacks or hydraulic. As an illustration, Mammoet Transport, a jacking system rental corporation from the Netherlands, publicly introduced the Mega Jack 10000 in December 2024. The Mega Jack is utilized in ultra-heavy lifting tasks and provides a lifting capacity of 10400 tons per tower, thus doubling preceding limits. This results in the need for fewer towers and smaller foundations, thus reducing project expenses and facilitating safer, faster heavy lifts in various sectors like construction, mining, and renewable energy. An innovative five-meter jacking beam is provided with three connecting points to distribute the load over eight base units, cutting down on steel usage and concurrently ameliorating safety and operational effectiveness.
What Are the Key Segments in the Jacking System Rental Services Market?
The jacking system rental services market covered in this report is segmented -
1) By Type: Hydraulic Jacking Systems, Mechanical Jacking Systems, Pneumatic Jacking Systems, Other Types
2) By Application: Construction, Oil And Gas, Shipbuilding, Mining, Other Applications
3) By End-User: Commercial, Industrial, Residential
Subsegments:
1) By Hydraulic Jacking Systems: Single-Acting Hydraulic Jacks, Double-Acting Hydraulic Jacks, Synchronous Lifting Systems
2) By Mechanical Jacking Systems: Screw Jacks, Rack And Pinion Jacks, Worm Gear Jacks
3) By Pneumatic Jacking Systems: Air Bag Jacks, Pneumatic Cylinder Jacks, Air Hydraulic Jacks
4) By Other Types: Electric Jacking Systems, Hybrid Jacking Systems, Manual Jacks
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Who Are the Key Players Shaping the Jacking System Rental Services Market's Competitive Landscape?
Major companies operating in the jacking system rental services market are Nido Machineries Pvt. Ltd., Winntus Formwork Pvt. Ltd., Centurion Service Group LLC, Powerjac Systems Private Limited, Jaibhagwati Corp., APEX Hydraulics Ltd., Astha Infra Engg. Pvt. Ltd., Hydro Dynamics Inc., Karma Technologies Private Limited, Aggcon Equipments International Pvt. Ltd., Equator corp., Masko Tech Engineers, Mukund India Jack Pvt. Ltd., Orione Hydropower, Sarens Heavy Lift India Pvt. Ltd., Star Universal Hydraulic Engineering and Services LLC, WB Equipment Corp., Bell Fluidtechnics Private Limited, Goldy Industrial Machinery Private Limited, SAI KRISHNA ENGINEERS & CONTRACTORS, The CTS Companies, TorcStark.
What Geographic Markets Are Powering Growth in the Jacking System Rental Services Market?
North America was the largest region in the jacking system rental services market in 2024. The regions covered in the jacking system rental services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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