Vehicle jacks and hoists market in Germany

Earlier Report Observations

The vehicle jacks and hoists market in Germany began the period at a high volume of 4.3 million units in 2018, a level supported by infrastructure modernization and public sector investment, which drove demand for durable lifting equipment in construction and mining. Over the next two years, the market contracted significantly, falling to 2.8 million units by 2020.

Despite a continued decline in unit sales through 2023, the market's value demonstrated resilience, growing to $456.6 million in 2021 and again to $487.3 million in 2023, indicating a shift toward higher-value products. Volume recovered to 2.5 million units in 2024, aided by the entry of new mobile lifts with compact designs and increased investment in modern lifting technology for commercial vehicle workshops.

Production vehicle jacks and hoists in Germany

In value, 2017-2020, M $ US

Germany's production of vehicle jacks and hoists has declined for the second year in a row. In 2020, output was valued at 518.3 million US dollars, marking a 16.9% decrease from 2019. Over the 2017-2020 period, production fell by 13.7%, with a compound annual growth rate of 4.8%. The highest value was recorded in 2018 at 625.4 million US dollars, which also saw the largest increase of 4.1%.

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

In kind, 2017-2020, K unit

Germany's production of vehicle jacks and hoists has declined for the second consecutive year. In 2020, 250.0 thousand units were produced, showing a significant reduction of 21.2% compared to 2019. Over the 2017-2020 period, production decreased by 17.4%, with a compound annual growth rate of 6.2%. The peak was in 2018 with 342.0 thousand units, which also experienced the largest increase of 13.1%.

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

Exports vehicle jacks and hoists from Germany

Exports in kind, K unit

After a two-year increase, Germany's exports of vehicle jacks and hoists declined. In 2020, exports totaled 1 398 thousand units, a 9.7% drop from the previous year. The highest value was recorded in 2019 at 1 547 thousand units, which also saw the largest increase of 7.5%.

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

From 2017 to 2020, the export structure in kind was diversified, with the United States (14.0% of exports in kind), the United Kingdom (11.7% of exports in kind), and Poland (8.5% of exports in kind) together accounting for just 34.2% of total flows, and no single country held a clearly dominant position.

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

Germany's exports of vehicle jacks and hoists have declined for the third consecutive year. In 2020, exports totaled 332.2 million US dollars, a 9.9% decrease from the previous year. Over the 2017-2020 period, exports fell by 14%, with a compound annual growth rate of 4.9%.

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

From 2017 to 2020, the country structure of exports in value terms remained highly diversified. France (9.9% of exports in value terms), the United States (9.4% of exports in value terms), and Austria (7.3% of exports in value terms) together accounted for only 26.6% of total flows, while a long tail of smaller markets made up the remaining 73.4%.

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

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

Imports vehicle jacks and hoists to Germany

Imports in kind, K unit

Germany's imports of vehicle jacks and hoists have declined for the third consecutive year. In 2020, imports totaled 1 398 thousand units, a 23.1% decrease from the previous year. Over the 2017-2020 period, imports fell by 31.1%, with a compound annual growth rate of 11.7%.

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

From 2017 to 2020, China (49.4% of imports in kind), Spain (26.8% of imports in kind), and Czechia (10.5% of imports in kind) consistently held leading positions in the import structure in kind, jointly accounting for 86.6% of total flows.

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

Germany's imports of vehicle jacks and hoists have declined for the second consecutive year. In 2020, imports stood at 187.6 million US dollars, an 11.0% decrease from the previous year. Over the 2017-2020 period, imports fell by 8%, with a compound annual growth rate of 2.7%. The highest value was recorded in 2018 at 231.4 million US dollars, which also saw the largest increase of 13.5%.

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

From 2017 to 2020, China (43.5% of imports in value terms), Italy (12.2% of imports in value terms), and Poland (6.5% of imports in value terms) were the main markets for imports in value terms, together accounting for 62.2% 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