Industry Background:
Jigger is a mechanical device which uses hydraulic jack’s mechanism in order to lift the wooden pallets or other equipment off the floor to provide support and move the heavy load from one place to another. It is made up of steel or other metallic materials. Jiggers are deployed in retail industry, warehousing, and industries as these industries often require to move huge amount of load from one place to another. Recent advancement in jigger manufacturing has led to rise in development of technically advanced electric hydraulic jiggers which are capable in lifting huge amount of load thus, proliferating the jigger market in turn.
According to AMA Research, the market for Jigger is expected to register a CAGR of 7.34% during the forecast period to 2030. This growth is primarily driven by Growing Adoption of Jiggers in Warehousing
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Machinery sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Toyota Industries (Japan), Hyster Company (United States), Jungheinrich (Germany), STILL (Germany), Crown Equipment Corporation (United States), Niuli Machinery Manufacture Co., Ltd. (China), Uline (United States) and TVH Group (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2024, Cosmo Pony, a new bar by Singapore-based Jigger & Pony Group, is set to open in mid-2024 at the Grand Hyatt Hotel, Jakarta. This will be the group’s first of many forays into overseas markets. The new venture comes to life in partnership with Indonesia’s Union Group, a conglomerate of nine brands and 22 outlets, including The Cocktail Club, listed at No. 19 on Asia’s 50 Best Bar list and also American brasserie Union, which debuted
In January 2024, Omanyo has launched an anti-jigger eradication campaign targeting over 1000 affected families across the county in an effort to mitigate the menace and stigma associated with it. Speaking to the press at Katelenyang village in Teso south constituency, Omanyo acknowledged that even though the stigma associated with jiggers in schools has gone down, some people continue to suffer in silence.Leading crane and hoist players are focusing on strategic partnerships and acquisition to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings worldwide.
Influencing Trend:
Introduction of Jiggers Equipped with polyurethane Wheels for Silent Operation and Introduction of Novel Safety Features in Jiggers Manufacturing
Market Growth Drivers:
Growing Adoption of Jiggers in Warehousing and Rising Demand for Autonomous Jiggers
Challenges:
Difficulties Involved in Maintenance of Jiggers Equipment
Restraints:
High Cost of Jiggers
Opportunities:
Rapid Increase in Warehousing and Development of Electric Hydraulic Technology Enabled Jiggers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Jigger Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Jigger Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Jigger players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Jigger Study Sheds Light on
The Jigger Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Jigger industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Jigger industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.