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Hoists and Jacks

Global demand for hoists and jacks is forecast to expand 4.4% p.a. between 2016 and 2020. Currently, garage jacking systems account for 6.9% of the global demand while the remaining market share is divided between other hydraulic hoists and jacks (62.1%) and other hoists and jacks (30.9%).

China, Ethiopia, Nepal, Philippines and the United States are considered the highest potential markets in the coming years. China, France, Germany, Italy and the United States represent the largest hoist and jack markets while the strongest annual growth is forecast to occur in Philippines (11.7%), Ethiopia (10.9%), Nepal (10.6%), Cyprus (9.3%) and China (6.9%).

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