Trailer Jack Market: Comprehensive Analysis of the Development Factors in the Industry

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape. 

This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry. 

The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.

The Trailer Jack is utilized to raise and lower the trailer to connect or disconnect the coupler from the ball on the vehicle hitch. Trailer Jack keeps the trailer level at a specified position when it’s not attached to the tow vehicle. Additionally, Trailer Jack stabilizes the trailer for loading and unloading and when the trailer is parked. Generally, the specified height of the trailer jack needs to be more than 4” of the trailer coupler for effectively connecting and disconnecting the trailer. Trailer Jack is an integral part of the trailer for safe towing which maintain the specific level of the trailer at the static or loaded position. The trailer Jack has different features which are depending on the type of trailer or caravan to be towed.

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Trailer Jack Market: Drivers and Challenges

In recent years, automotive trailers have seen lucrative growth owing to increasing domestic trades and changing logistics footprints. Rising usage of trailers is expected to drive the demand for trailer jack worldwide. In many nations, Road infrastructures are improving for the transit of higher tonnage vehicle to expanding the supply chain industry. Additionally, Many governments are imposing regulations on the weight carrying capacity. The growing usage of high tonnage vehicle is projected to affect the demand for trailer jack positively. Many governments are concerned about the safe transportation of the goods to eliminate the losses. Government Regulations are becoming more stringent for Safe Transportation of goods, which is estimated to drive the demand for trailer jack. The logistics and transportation industry is expected to witness positive outlook in the near future. The increasing demand from the end use industry for transportation and logistics is anticipated to gaining traction for the trailer jack.

Trailer Jack Market: Segments

The Trailer Jack Market can be segmented on the basis of Product type, Capacity type, operational type, Mounting type, end use application and region

On the basis of the product type, the Trailer Jack Market can be segmented as:

• Product Type
• Round Jacks
• Powered Jacks
• Square Jacks
• HD Square Jacks
• 2-Speed Square Jacks
• Fifth Wheel Jacks
• Rack / Gear Jacks

On the basis of the Capacity type, the Trailer Jack Market can be segmented as:

• 300 lbs – 1000 lbs
• 1001 lbs – 2000 lbs
• 2001 lbs – 4000 lbs
• 4001 lbs – 7000 lbs
• 7001 lbs – 12000 lbs
• more than 12000 lbs

On the basis of the operational type, the Trailer Jack Market can be segmented as:

• Electric trailer jack
• Manual-adjust trailer jack

On the basis of the mounting type, the Trailer Jack Market can be segmented as:

• A-frame Trailer Jacks
• Side Mount Trailer Jacks
  • Pull-Pin Swivel Trailer Jacks
  • Pipe Mount Trailer Jacks
  • Drop-Leg Trailer Jacks

On the basis of the end use application, the Trailer Jack Market can be segmented as:

• Agricultural trailers
• Marine trailers
• industrial trailers
• construction trailers
• Automotive/Truck Trailers

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Trailer Jack Market: Regional Outlook

East Asia and North America are anticipated to lead the trailer jack market in the production aspect owing to the presence of several key market players in these regions as well as lower component costs associated with the trailer jack. In recent years, Latin America and South Asia are expected to emerge regions for the trailer coupler market, which is expected to create lucrative opportunities for the trailer jack. Furthermore, the Middle East and Africa will likely witness stable growth for the trailer jack market. On the flip side, the trade tensions between China and the United States is expected to act as a significant constraint for the growth of the trailer jack market

Trailer Jack Market: Key Participants

Examples of some of the market participants in the Automotive Spare Tire Carrier Market identified across the value chain include:

• Horizon Global Corporation
• Future 2 Solutions LLC
• Attwood Corporation
• Barker Manufacturing Company
• R. Brophy Machine Works, Inc.
• CURT Manufacturing LLC.
• Fastway Trailer Products
• Liftco Corporate
• Lippert Components, Inc.
• VALLEY INDUSTRIES
• Stromberg Carlson Products Inc.
• Rieco-Titan Products Incorporated.
• Smittybilt Inc.
• Premier Manufacturing Company
• Norco Industries, Inc.

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Report Highlights:

• Shifting Industry dynamics
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• Historical, current and projected industry size Recent industry trends
• Key Competition landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance