Zion Market Research, the market research group announced the analysis report titled 'Screw Jacks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Sarasota, FL -- (SBWIRE) -- 08/04/2017 -- Global Screw Jacks Market: Overview
Screw jacks is a mechanical device which provides a screw mechanism in order to lower and raise the load. They are widely used in industrial machinery for various applications such as lifting, tipping, moving, or lowering. They play a crucial role for linear actuation requirements. Screw jacks are manufactured with special materials under extreme mechanical and chemical conditions. This helps them to sustain in extreme environmental conditions. While selecting screw jacks, various conditions such as desired speed for lifting, type of load, and temperature conditions are to be considered.
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Global Screw Jacks Market: Segmentation
The global screw jacks market is segmented into its lubrication, load capacity, application, and geography. On the basis of lubrication, the market is divided into oil lubrication and grease lubrication. Based on load capacity, the market is segregated into more than 1001kN, 101kN-1000kN, and 5kN-100Kn. On the basis of application, the market is categorized into metal manufacturing, mining, mechanical handling, building, assemble, and repair and production equipment. The geographical segmentation of the market is seen into Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa.
Global Screw Jacks Market: Growth Factors
The screw jacks market is a growing market owing to factors such as increasing demand in the manufacturing industries and other end-users such as defense, heavy machinery, mining, shipyards, and construction industries and rising demand for mechanical components across the globe. The demand for screw jacks is also influenced by the rising demand for modular designs to offer quick assembly. The manufacturing companies are set to expand their production capacity. This creates a requirement for additional machinery and its proper maintenance which will boost the market growth of screw jacks at a significant level.
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Global Screw Jacks Market: Regional Analysis
The largest share of the screw jacks market is held by Europe. The tremendous growth in Europe can be attributed to factors such as advanced technologies and mechanical engineering, innovative products, and the diversified industrial base. Countries contributing to Europe's growth include Germany, the UK, Italy, Spain, Russia, France, and Poland. Asia Pacific is growing at a significant pace owing to the developing manufacturing industries, supportive government policies and subsidies, favorable economic condition, and growing end-use industries. China, India, and Japan are some of the countries in Asia Pacific which show a huge scope for the screw jacks market. North American countries such as the US and Canada are also contributing a fair share in the market growth. Growth in Latin American and the Middle East and African regions will be at a moderate pace.
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Global Screw Jacks Market: Competitive Players
Some of the prominent companies in the screw jacks market include Haakon Hebetechnik GmbH., Power Jacks Limited, United SPA, Joyce Dayton, Thomson Industries Inc., Andantex Ltd., JM Engineering Works, Maschinenfabrik Albert GmbH, Sijie Industrial Co. Ltd., Lim-Tec Beijing Transmission Equipment Co. Ltd., and ZIMM.
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