In 2023, China dominated the global export market for hydraulic jacks and hoists, holding an impressive 88.29% share in units. Despite a minor decrease, the United States and Germany remained among the key players, alongside Italy and the Netherlands. Notable growth was seen in Brazil, Czech Republic, and the Philippines, the latter experiencing a significant rise of 26.65% from the previous year. Conversely, the United Kingdom witnessed a steep decline of 32.2%. Eastern European countries like Belarus, Romania, and Bulgaria showed upward trends in exports, highlighting their growing presence in this market.
Looking ahead, China is expected to maintain its lead, but there may be opportunities for emerging markets in Eastern Europe and South America to increase their shares. Continued innovation and demand for hydraulic equipment in developing regions could foster stronger competition globally, with potential for increased diversification in export origins. Monitoring policy changes, technological advancements, and economic conditions will be crucial for anticipating shifts in market dynamics.
Top countries in Export of Hydraulic Jacks and Hoists Except for Garages Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 88.29 | 2023 | +1.91% | +1.94% | View data |
| 2 | 2 Netherlands | 2.68 | 2023 | -15.19% | -12.89% | View data |
| 3 | 3 Singapore | 1.81 | 2023 | +4.23% | +3.39% | View data |
| 4 | 4 Italy | 1.64 | 2023 | +2.1% | +2.22% | View data |
| 5 | 5 Germany | 1.14 | 2023 | +0.97% | +1.5% | View data |
| 6 | 6 United States | 0.66 | 2023 | +0.31% | -0.71% | View data |
| 7 | 7 Poland | 0.62 | 2023 | +0.14% | -0.31% | View data |
| 8 | 8 Romania | 0.55 | 2023 | +6.13% | +4.55% | View data |
| 9 | 9 India | 0.51 | 2023 | +5.44% | +3.55% | View data |
| 10 | 10 Belarus | 0.37 | 2023 | +3.83% | +6.52% | View data |
