Hydraulic vehicle jacks and hoists market in Germany

Earlier Report Observations

The market for hydraulic vehicle jacks and hoists in Germany experienced significant volume fluctuations between 2018 and 2023. After expanding to 1 432 thousand units in 2019, market size contracted to 1 190 thousand units in 2020. A partial recovery followed, with volumes stabilizing around 1 230 thousand units in 2021 and 2022, before another decline to 1 121 thousand units in 2023.

In 2024, the market volume rebounded to 1 305 thousand units. This growth was supported by the broader development of smart cities and precision agriculture in Europe, which increased demand for hydraulic drives and components. Simultaneously, the rising popularity of electric jacks attracted new consumer segments, particularly among urban car owners, contributing to overall market expansion.

Production hydraulic vehicle jacks and hoists in Germany

In value, 2017-2020, M $ US

Germany's production of hydraulic vehicle jacks and hoists declined after two years of growth. In 2020, output was valued at 310.3 million US dollars, marking a 13.7% decrease from the previous year. Over the 2017-2020 period, production fell by 12.5%, with an annualized decline of 4.4%. The peak was reached in 2019 at 359.7 million US dollars, which saw the largest increase of 1.1%.

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

In kind, 2017-2020, unit

Germany's production volume of hydraulic vehicle jacks and hoists dropped for the second year in a row. In 2020, 51,938 units were produced, down 17.7% compared to 2019. From 2017 to 2020, production decreased by 18.8%, equivalent to an annualized rate of 6.7%. The highest volume was recorded in 2018 at 73,928 units, with the largest increase of 15.6% that year.

Annual dynamics of production in Germany in kind, 2017-2020, unit

Exports hydraulic vehicle jacks and hoists from Germany

Exports in kind, K unit

In 2020, Germany's exports of hydraulic vehicle jacks and hoists totaled 406,000 units, a 10.4% decline from the previous year. Between 2017 and 2020, exports grew by 24.1%, with an annualized rate of 7.5%. The lowest volume was in 2018 at 319,000 units, while the peak was in 2019 at 454,000 units, which saw the largest increase of 42.3%.

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

From 2017 to 2020, Germany's exports in kind were distributed across multiple partners without a clear leader. Austria accounted for 20.3% of exports, Poland for 17.0%, and the United Kingdom for 6.4%, together making up 43.7% of total flows.

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

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

Exports in value, M $ US

After two years of growth, Germany's exports of hydraulic vehicle jacks and hoists in value terms declined. In 2020, exports amounted to 115.3 million US dollars, down 17.5% from 2019. Over the 2017-2020 period, exports decreased by 14.5%, with an annualized decline of 5.1%. The highest value was recorded in 2019 at 139.8 million US dollars, which saw the largest increase of 2.8%.

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

Between 2017 and 2020, Germany's export structure in value terms showed a diverse range of partners. The United States accounted for 14.5% of exports, France for 10.4%, and Austria for 8.5%, together representing 33.4% of total flows, while the remaining 66.6% was spread across numerous smaller markets.

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

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

Imports hydraulic vehicle jacks and hoists to Germany

Imports in kind, K unit

In 2020, Germany's imports of hydraulic vehicle jacks and hoists in kind totaled 1,545,000 units, a 15.2% decrease from the previous year. From 2017 to 2020, imports fell by 10.5%, with an annualized decline of 3.6%. The lowest volume was in 2018 at 1,508,000 units, while the peak was in 2019 at 1,822,000 units, which saw the largest increase of 20.8%.

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

Throughout 2017-2020, Germany's imports in kind were heavily concentrated on China, which accounted for 83.1% of total flows, with other markets playing a minor role.

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

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

Imports in value, M $ US

After two years of gains, Germany's imports of hydraulic vehicle jacks and hoists in value terms declined. In 2020, imports amounted to 83.1 million US dollars, a moderate 6.0% year-on-year decrease. Over the 2017-2020 period, imports increased by 2.5%, with an annualized growth rate of 0.8%. The highest value was in 2019 at 88.4 million US dollars, while the largest increase of 7.9% occurred in 2018.

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

From 2017 to 2020, China was the dominant source for Germany's imports in value terms, accounting for 58.1%, followed by Italy at 10.0% and Poland at 6.1%, together making up 74.2% of total flows.

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

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