World - Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBuilt-In Jacking System Market
The article delves into the increasing demand for built-in jacking systems used in garages for raising vehicles worldwide. It projects a growing consumption trend with an expected CAGR of +0.7% in volume and +3.4% in value terms from 2022 to 2030. Market performance is forecasted to decelerate, reaching 2.2M units and $3.1B by the end of 2030. The United States, China, and the UK were the top consumers in 2022, while China led production with 28% of total volume. The highest export prices were from Denmark, while Canada had the lowest. India showed significant growth in exports, with a CAGR of +52.2% in value terms. Overall, the global market for built-in jacking systems is poised for steady growth in the coming years.
Market Forecast
Driven by increasing demand for built-in jacking systems of a type used in garages for raising vehicles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 2.2M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $3.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles
In 2022, the amount of built-in jacking systems of a type used in garages for raising vehicles consumed worldwide stood at 2.1M units, rising by 7.8% on the previous year's figure. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.8% against 2014 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.
The global built-in jacking system market size rose remarkably to $2.4B in 2022, with an increase of 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $2.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (550K units), China (325K units) and the UK (157K units), together accounting for 50% of global consumption. India, Japan, Russia, Bolivia, Brazil, Canada, Italy, Germany, Turkey and South Korea lagged somewhat behind, together comprising a further 30%.
From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +27.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest built-in jacking system markets worldwide were Japan ($323M), China ($295M) and the United States ($161M), with a combined 32% share of the global market. Russia, South Korea, Brazil, Italy, Turkey, India, Germany, the UK, Canada and Bolivia lagged somewhat behind, together comprising a further 35%.
Bolivia, with a CAGR of +48.0%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of built-in jacking system per capita consumption was registered in Bolivia (5.5 units per 1000 persons), followed by the UK (2.3 units per 1000 persons), the United States (1.6 units per 1000 persons) and Canada (1.4 units per 1000 persons), while the world average per capita consumption of built-in jacking system was estimated at 0.3 units per 1000 persons.
In Bolivia, built-in jacking system per capita consumption increased at an average annual rate of +25.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+8.1% per year) and the United States (+12.1% per year).
Production
World Production of Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles
In 2022, global production of built-in jacking systems of a type used in garages for raising vehicles rose slightly to 1.2M units, with an increase of 1.9% against 2021 figures. The total output volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, global production reached the maximum volume at 1.2M units in 2020; afterwards, it flattened through to 2022.
In value terms, built-in jacking system production expanded to $2B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 16%. Over the period under review, global production hit record highs in 2022 and is likely to continue growth in years to come.
Production By Country
China (333K units) constituted the country with the largest volume of built-in jacking system production, comprising approx. 28% of total volume. Moreover, built-in jacking system production in China exceeded the figures recorded by the second-largest producer, India (122K units), threefold. The third position in this ranking was held by Japan (87K units), with a 7.5% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +3.8%. The remaining producing countries recorded the following average annual rates of production growth: India (+2.1% per year) and Japan (+2.5% per year).
Imports
World Imports of Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles
For the third consecutive year, the global market recorded growth in overseas purchases of built-in jacking systems of a type used in garages for raising vehicles, which increased by 5.5% to 1.1M units in 2022. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 66% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, built-in jacking system imports rose to $617M in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.
Imports By Country
In 2022, the United States (556K units) was the main importer of built-in jacking systems of a type used in garages for raising vehicles, achieving 51% of total imports. The UK (158K units) ranks second in terms of the total imports with a 14% share, followed by Bolivia (6.1%) and Germany (5.1%). Chile (29K units) and France (17K units) took a relatively small share of total imports.
Imports into the United States increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Bolivia (+27.8%), Germany (+14.7%), the UK (+8.0%) and Chile (+2.6%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in the world, with a CAGR of +27.8% from 2012-2022. France experienced a relatively flat trend pattern. While the share of the United States (+22 p.p.), Bolivia (+5.1 p.p.), Germany (+2.8 p.p.) and the UK (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($94M), the United States ($67M) and the UK ($48M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 34% of global imports.
Germany, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average built-in jacking system import price stood at $566 per unit in 2022, waning by -3.7% against the previous year. In general, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2014 an increase of 131% against the previous year. As a result, import price attained the peak level of $1,175 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($2,826 per unit), while Bolivia ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles
In 2022, shipments abroad of built-in jacking systems of a type used in garages for raising vehicles decreased by -27.9% to 185K units for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. As a result, the exports reached the peak of 289K units. From 2015 to 2022, the growth of the global exports remained at a lower figure.
In value terms, built-in jacking system exports dropped to $364M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 19%. Over the period under review, the global exports reached the peak figure at $396M in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
Exports By Country
Italy (45K units), Germany (34K units) and Canada (33K units) represented roughly 61% of total exports in 2022. India (14K units) ranks next in terms of the total exports with a 7.3% share, followed by the Netherlands (6%). The following exporters - China (8K units), Singapore (6.3K units), the United States (5.8K units), Denmark (5.5K units) and Spain (3.5K units) - together made up 16% of total exports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +63.7%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Italy ($141M), Germany ($100M) and the United States ($20M) appeared to be the countries with the highest levels of exports in 2022, with a combined 72% share of global exports. Denmark, the Netherlands, Spain, China, India, Singapore and Canada lagged somewhat behind, together accounting for a further 15%.
India, with a CAGR of +52.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average built-in jacking system export price stood at $1,965 per unit in 2022, picking up by 35% against the previous year. In general, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of 75% against the previous year. The global export price peaked at $2,346 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($3,618 per unit), while Canada ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+23.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global built-in jacking system market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221330 - Built-in jacking systems of a type used in garages for raising vehicles
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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