Global Automotive Air Lift Jack Market - Introduction
- Market for automotive air lift jack is likely to expand during the forecast period, primarily due to a rise in number of servicing outlets and vehicle assistance services across the globe
- Automotive air lift jacks are used to lift the vehicle during underbody servicing, wheel alignment, tire replacement services, and body repair work. Moreover, air lift jacks utilize pneumatic pressure to lift vehicles and hence, comprise a cylinder filled with compressed air.
- Hydraulic and screw lift jacks are other options available in the market; however, high load bearing capacity and easy operation of air lift jacks have fueled their demand.
Global Automotive Air Lift Jack Market – Drivers
- Rise in awareness among consumers about vehicle maintenance and servicing is driving the market for air lift jacks. Garage owners are investing to expand their servicing platforms and equipment portfolio in order to increase capacity and consequently, driving the automotive air lift market.
- Air lift jacks are highly preferred for lifting commercial vehicles, owing to their high load lifting capacity and easy operation. Moreover, higher preference is leading to replacement of hydraulic jacks with air lift jacks across commercial vehicle service centers.
- Rising adoption of portable air lift jacks by vehicle owners for emergencies is further boosting the air lift jack market. Furthermore, demand for portable lift jack is anticipated to expand at a significant pace among other segments owing to its light weight which can be carried along while going for long tours.
- Rise in number of end-users coupled with preference for air lift jacks is anticipated to propel the market for air lift jack during the forecast period
- Rise in roadside assistance services across the globe is anticipated to drive the air lift jack market; moreover high capacity air lift jacks are mounted on pneumatic tires which makes them easier to maneuver and hence, are highly preferred by roadside assistance service providers
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Global Automotive Air Lift Jack Market – Restraints
- High popularity of hydraulic lifts owing to their high reliability is hampering the automotive air lift jack market. On the other hand, air lift jacks require higher maintenance as compared to that required by hydraulic jacks.
Global Automotive Air Lift Jack Market – Opportunities
- Market for automotive air lift jack is anticipated to expand in countries with higher on road vehicles owing to higher frequency of maintenance required by vehicles and comparatively more number of applications of the jacks.
Market in Asia Pacific to witness notable expansion during forecast period
- Asia Pacific is anticipated to be a key market for automotive air lift jack, as the region boasts of significantly high population and a large number of on road vehicles. Moreover, road conditions in India and other developing countries in the region is comparatively poor and hence, vehicles require frequent maintenance and are highly susceptible to a break down. This, in turn, is anticipated to cause the region to hold a higher share of the global air lift jack market, as compared to the share held by other regions.
Global Automotive Air Lift Jack Market – Competitive Landscape
The market for automotive air lift jack is significantly concentrated due to the presence of a large number of air lift manufacturers. Moreover, companies with a wide product portfolio for industrial tools are engaged in the manufacturing of automotive air lifts. Some of the leading players in the market are:
- Astro Pneumatic Tool Co.
- Metro Hydraulic Jack Co.
- Emerson Manufacturing Corp.
- ATD Tools, Inc.
- Gray Manufacturing Co. Inc.
- Norco Industries Inc.
- Jack Sealey Ltd.
- JET Equipment & Tools Ltd.
- Tire Service International
- Shinn Fu Company of America Inc.
- Sunex Tools, Inc.
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Global Automotive Air Lift Jack Market – Research Scope
Global Automotive Air Lift Jack Market, by Type
- Floor Jack
- Bottle Jack
Global Automotive Air Lift Jack Market, by End-user
- Service center/ Garages
Global Automotive Air Lift Jack Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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