Jacking Machines Market
Jacking Machines Market
The market for Jacking Machines was estimated at $780.00 million in 2024; it is anticipated to increase to $1.48 billion by 2030, with projections indicating growth to around $2.53 billion by 2035.
Global Jacking Machines Market Outlook
Revenue, 2024 (US$M)
$780M
Forecast, 2034 (US$B)
$2.28B
CAGR, 2024 - 2034
11.3%
Market Key Insights
- The Jacking Machines market is projected to grow from $780.0 million in 2024 to $2.28 billion in 2034. This represents a CAGR of 11.3%, reflecting rising demand across Infrastructure Construction, Automobile Maintenance and Ship Building Industry.
- The market leaders in this sector include Enerpac, Power Team and Hawk Industries which determine the competitive dynamics of the industry.
- U.S. and Germany are the top markets within the Jacking Machines market and are expected to observe the growth CAGR of 8.2% to 11.9% between 2024 and 2030.
- Emerging markets including Brazil, Malaysia and South Africa are expected to observe highest growth with CAGR ranging between 10.8% to 14.1%.
- The market for Jacking Machines will receive a $214.9 million boost from Transition like Transition to Automated Jacking Systems by 2030.
- The Jacking Machines market is set to add $1.5 billion between 2024 and 2034, with manufacturer targeting Scissor Jacks & Hydraulic Jacks Operating Principle projected to gain a larger market share.
- With Infrastructure development, and Technological advancements, Jacking Machines market to expand 192% between 2024 and 2034.
Opportunities in the Jacking Machines
The renewable energy sector shows promise for expansion as countries worldwide adopt green technologies more widely; jacking machines have emerged as vital tools for contractors, in this industry shift.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Infrastructure Development, and Oil and Gas Industry
Restraint: High Costs of Jacking Machines
Opportunity: Advances in Jacking Machine Technology and Expanding Applications in Emerging Economies
Challenge: Regulatory Compliance and Safety Standards
Supply Chain Landscape
Raw Material Suppliers
Steel Corporation
Aluminium Industries
Component Manufacturing
HydroMech Components
PowerTrans Gears
Jacking Machine Assembly
LiftPro Solution
JackMaster Manufacturers
End-Users & Industry
Construction
Infrastructure
Automotive
Raw Material Suppliers
Steel Corporation
Aluminium Industries
Component Manufacturing
HydroMech Components
PowerTrans Gears
Jacking Machine Assembly
LiftPro Solution
JackMaster Manufacturers
End-Users & Industry
Construction
Infrastructure
Automotive