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Jack Accessories Market Size

  • Report ID: GMI7310
  • Published Date: Nov 2023
  • Report Format: PDF

Jack Accessories Market Size

Jack Accessories Market was valued at USD 739.9 million in 2022 and is predicted to witness around 4% CAGR from 2023 to 2032, due to the expanding e-commerce landscape is significantly fueling the jack accessories demand by offering a broader reach and convenience to consumers. According to the Indian Brand Equity Foundation, Indian e-commerce is likely to grow by 27% in 2026 and is expected to gain over 80 million online shoppers by 2025. Increasing digital literacy has sparked a surge in e-commerce investments, creating an equitable platform for newcomers

 

Jack Accessories Market

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Innovations including improved materials, precision engineering, and design enhancements contribute to safer, more efficient & durable jack accessories. For instance, in March 2023, Origen RV Accessories LTD introduced SnapJack, a pioneering scissor jack conversion kit for travel trailers. This innovative solution replaces standard OEM bowtie feet with a custom metal jack, equipped with a permanent SnapPad. By expanding the surface area, enhancing grip & boosting stability, it elevates the performance of compatible scissor jacks in the industry.

 

Safety and liability concern present significant challenges in the jack accessories market. Ensuring the proper use and reliability of these accessories is critical as any failure could lead to accidents or damage. Manufacturers face potential liability issues if accessories malfunction. Adhering to strict safety standards, providing clear usage guidelines, and educating consumers about the correct application of these accessories are essential to mitigate risks & liability concerns.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of jack accessories was valued at USD 739.9 million in 2022 and is estimated to register a CAGR of over 4% between 2023 and 2032, favored by the expanding e-commerce landscape.

The jack stands segment accounted for around 40% market share in 2022 and is anticipated to expand significantly due to heightened safety awareness & regulatory compliance.

North America held around 30% market share in 2022 and is projected to register significant growth over 2023-2032, owing to the region's increased vehicle ownership, robust automotive aftermarket, and rising inclination toward DIY vehicle maintenance that contribute to the higher demand for jack accessories.

American Forge & Foundry (AFF), Arcan, Blackhawk Automotive, Craftsman, ESCO, Hein-Werner, Omega Lift Equipment, Performance Tool, and Powerbuilt.

Jack Accessories Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 25
  • Tables & Figures: 284
  • Countries covered: 19
  • Pages: 250
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