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Jack Accessories Market Size

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

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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

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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.

Jack Accessories Market Report Attributes
Report Attribute	Details
Base Year:	2022
Jack Accessories Market Size in 2022:	USD 739.9 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4%
2032 Value Projection:	USD 1.13 Billion
Historical Data for:	2018 - 2022
No. of Pages:	250
Tables, Charts & Figures:	284
Segments covered:	Accessories Type, Distribution Channel, and Distribution Channel
Growth Drivers:	Increasing demand for jacks and jack accessories from the automotive industry Rising demand for safety and efficiency in the workplace Technological advancements in jack accessories Surge in e-commerce and online retail
Pitfalls & Challenges:	Safety and liability concerns Increasing counterfeit products

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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, Aishvarya Ambekar

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.