Built-in garage jacking systems market in Italy

Earlier Report Observations

The market for built-in garage jacking systems in Italy contracted substantially over the 2018-2021 period, with volume falling from 234 thousand units to 37.7 thousand units. This pronounced downturn represented a steep decline in domestic consumption across these years.

A partial recovery occurred in 2022, lifting the market volume to 47.8 thousand units. This uptick coincided with heightened activity and innovation from market participants. Companies like Twin Busch reinforced their leadership with award-winning innovations, including special adapters for vehicles lacking standard lift points, while Park.tech Srl and others actively promoted space-saving solutions like parking doublers and home garage lifts with enhanced safety features, which likely stimulated renewed interest and demand. Subsequently, the market resumed its downward trajectory, decreasing to 30.8 thousand units by 2024.

Production built-in garage jacking systems in Italy

In value, 2017-2020, M $ US

Italy's production of built-in garage jacking systems declined for the second consecutive year. In 2020, output was valued at 171.8 million US dollars, marking a 23.9% decrease from the previous year. Production fell by 12.2% between 2017 and 2020, which translates to an annualized decline of 4.2%. The highest production value was recorded in 2018 at 230.0 million US dollars, with the largest year-on-year increase of 17.5% also occurring that year.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K unit

The market exhibited volatility during the observed period. Production reached its lowest point in 2017 and peaked in 2018, with a 3.8-fold difference between these years. In 2020, Italy produced 111.4 thousand units of built-in garage jacking systems, down 19.1% from 2019. The maximum output was recorded in 2018 at 267.9 thousand units. The largest decline occurred in 2019 with a 48.6% drop, while the largest increase was in 2018 with a 277.3% surge.

Annual dynamics of production in Italy in kind, 2017-2020, K unit

Exports built-in garage jacking systems from Italy

Exports in kind, unit

Italy's exports of built-in garage jacking systems declined for the third consecutive year. In 2020, exports stood at 26 332 units, reflecting a significant reduction of 17.7% compared to 2019. Between 2017 and 2020, exports decreased by 46%, equating to an annualized decline of 18.6%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, unit

From 2017 to 2020, Italy's exports of built-in garage jacking systems were relatively evenly distributed among partner countries. France accounted for 19.4% of exports in kind, Germany for 17.2%, and the United States for 8.0%. Together, these three countries represented only 44.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Italy's exports of built-in garage jacking systems declined for the third consecutive year. In 2020, exports were valued at 110.3 million US dollars, corresponding to a gradual year-on-year decrease of 8.9%. Over the period from 2017 to 2020, exports fell by 30.6%, with a compound annual growth rate (CAGR) of -11.5%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

Between 2017 and 2020, Italy's exports of built-in garage jacking systems in value terms were widely dispersed across partner countries. France accounted for 19.3% of exports in value terms, Germany for 17.5%, and the United Kingdom for 8.5%. Collectively, these three countries represented only 45.4% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports built-in garage jacking systems to Italy

Imports in kind, unit

There were noticeable fluctuations in import volumes during the period. Imports hit a low in 2018 and peaked in 2017, with a 3.4-fold difference between these years. In 2020, Italy imported 2 072 units of built-in garage jacking systems from abroad, marking an abrupt decrease of 63.0% compared to 2019. The minimum import volume was recorded in 2018 at 1 833 units. The largest decline occurred in 2018 with a 70.3% drop, while the largest increase was in 2019 with a 205.7% surge.

Annual dynamics of product's imports to Italy in kind, 2017-2020, unit

Throughout 2017 to 2020, China remained the primary source for Italy's imports of built-in garage jacking systems in kind, accounting for 71.1% of total import flows. The remaining share was distributed across various smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

In 2020, Italy's imports of built-in garage jacking systems were valued at 4.0 million US dollars, amounting to a drop of 15.6% relative to the prior year. Over the period from 2017 to 2020, imports decreased by 8.5%, with a compound annual growth rate (CAGR) of -2.9%. The minimum import value was recorded in 2018 at 3.3 million US dollars, while the maximum was in 2019 at 4.8 million US dollars. The largest decline occurred in 2018 with a 24.1% decrease, and the largest increase was in 2019 with a 42.9% rise.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, China, Hungary, and Germany accounted for the largest share of Italy's imports of built-in garage jacking systems in value terms. China represented 33.5% of imports in value terms, Hungary 32.1%, and Germany 12.8%. Together, these three countries comprised 78.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020