Tripod Jack Market Scope
Maintenance technicians or aircraft operators may use tripod jacks to lift the plane off the ground for maintenance, servicing, or inspections. To accommodate various aircraft weights, jacks have maximum lifting capacities measured in tonnes. Growth in the aircraft industry and an increase in the number of aircraft on the market are driving up demand for tripod jacks. These jacks are used to raise an aircraft's wing, nose, or tail.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Chiarlone Officine Srl (Italy), ColumbusJACK/Regent (United States), HYDRO Systems KG (Germany), Langa Industrial S.A. (Spain), Malabar International (United States), TMH tools (France), Tronair (United States) and JMS AG Jet Maintenance & Service (Germany) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Tripod Jack market throughout the predicted period.
Chiarlone Officine Srl (Italy), ColumbusJACK/Regent (United States), HYDRO Systems KG (Germany), Langa Industrial S.A. (Spain), Malabar International (United States), TMH tools (France), Tronair (United States) and JMS AG Jet Maintenance & Service (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Meyer Hydraulics Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tripod Jack market by Type , by Application (Civil Aircraft, Military Aircraft and Others) and Region with country level break-up. On the basis of Type, Multi-Stage are dominating the market in the year 2022 where as Single Stage stood as second largest market share.
On the basis of application, Civil Aircraft segment is dominating the market in the year 2022 where as Military Aircraft segment stood as second largest market.
On the basis of geography, the market of Tripod Jack has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In Oct 2018, HYDRO today announced it signed a global distribution agreement with JB Roche (MFG) Ltd. and Liftsafe Fall Protection Inc. This relationship with JB Roche and Liftsafe Fall Protection will increase product availability and give customers access to even more Ground Support Equipment (GSE) products.
The California Environmental Protection Agency has issued new air regulations, via the California Air Resources Board (CARB), for ground support equipment (GSE) at airports. The new rule has placed an unexpected burden on the ground handling community in California, and the rule’s promulgation is equally concerning to NATA members in other states.
Influencing Trend:
Advancement in the Tripod Jack
Market Growth Drivers:
Rising Use of Tripod Jack in the Aircraft Industry for Lifting and Shoring and Increasing Government Expenditure in Miltary and Defence Industry
Challenges:
High Cost associated with Manufacturing of Jack and Availability of Rental Option for Tripod Jack
Restraints:
Fluctuation in the Price of Raw Material
Opportunities:
Growth in the Aircraft Industry in Emerging Countries
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Tripod Jack Manufacturer, Tripod Jack Suppliers/Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry