Tail Lift Market

Tail lift Market is valued at USD 627.70 Million in 2018 and is expected to reach USD 1405.09 Million by 2025 with a CAGR of 12.20% over the forecast period.

Rising demand for logistics operations due to surge in e-commerce, fast-moving consumer goods, and online shopping as well as a boost in automobile & other manufacturing industries are some important factors driving the growth of the Tail-lift market.

Scope of the Tail-lift Market Report:

A tail lift is designed to facilitate the material handling of goods from ground level or a loading dock to the level of the warehouse, vehicle bed, or vice versa. The tail lift consists of a mechanical hydraulic or pneumatic arrangement that is permanently installed on the rear of a work truck, van, or lorry.  Tail-lift are responsible for safely loading and unloading the goods into the trucks with cost-efficient, flexibility, and a high level of operating comfort for users. The tail lift has been implemented in every industry such as automobiles, healthcare, pharmaceuticals, food and transport logistics, waste management, emergency services, local authorities as well as leasing and rental business, and many others to carry goods. The service network using the tail lift guarantees unrestricted and optimum service with safe loading for each and every customer. During logistics service, heavy materials loading and unloading are often handled manually by workers which cause health issues and injuries. But with the help of tail lift manual handling of heavy loads can be avoided.

Thus, tail lift with technical innovations has been implemented in every manufacturing industry to reduce the efforts of workers. Many companies are focusing on adopting advanced technology exoskeleton systems of tail lift to enhance material and goods handling capacity and operability. Thus, increasing use of such advanced technology in warehouse operations, as well as rising logistics demand, are expected to drive the demand for tail lifts during the forecast period.

The global tail lift market has been classified into product types, applications, and regions. The global tail lift market on the basis of product type segment has been categorized into cantilever lifts, column lift, tuck away lifts, and slider tail lifts. Based on application, the global tail lift market has been divided into aerospace and defense, food and transport logistics, waste management, leasing, and rental business, healthcare & medical devices companies, automotive manufacturing companies, emergency services, and many others.

Tail Lift Manufacturers

Global tail lift market reports cover prominent players like,

• BAR Cargolift
• Dhollandia
• PALFINGER
• Anteo
• Wastech
• Tailifts
• Cargotec
• DAUTEL
• Woodbine Manufacturing Company
• Sorensen Hydraulik GmbH
• Behrens Euro lift
• Others. 

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Tail lifts Market Segmentation:-

By Product Type:

• Cantilever lifts
• Column lifts
• Tuck away lifts
• Slider tail lifts

By Applications:

• Aerospace and defense
• Food and transport logistics
• Waste Management
• Leasing, and rental business
• Healthcare & medical devices companies
• Automotive manufacturing companies
• Emergency services
• Others

Global Tail-lift market dynamics:-

The key factor for the growth of the global tail lift market is the rise of demand for the logistic operations in the pharmaceutical, automobile companies, and various manufacturing industries as well as the rising trend of e-commerce from business to business (B2B), business to customer (B2C) are some major aspect to driving the tail lift market. According to the report of World Economic Forum, the annual global growth rate of the e‑commerce sector was 17% between 2017 and 2022, compared with 12% in 2015 for overall e‑commerce cross‑borders’ and domestic, B2B, and B2C. A report by DHL has predicted that cross‑border e‑commerce accounted for 15% of total e‑commerce sales and will astoundingly expand to 22% in the year 2020. This massive rise in the e-commerce industry will generate the demand for tail lifts to facilitate easy transportation and other related activities in the logistic department for safely loading and unloading the goods.

However, stringent regulations with respect to the manufacturer for workers' safety, high operational and maintenance cost associated with tail lifts as these are used for heavy material lifting, and loading and unloading of heavy goods may responsible to hamper the growth of the tail lifts market. Moreover rising the number of manufacturing industries with technological advancement in tail lift using hydraulic and pneumatic as well as rising mergers & acquisitions in the tail lift manufacturing industry has created huge opportunities to fuel the global tail lift market during the forecast period. Recently in 2018, one of the leading manufacturers of tail lift Anteo had been partnered with Tommy Gate to expand its light and medium-duty tail lift product range in the global market.

Tail lifts Market Regional Analysis:-

Asia Pacific is dominating the tail lift market with the potential rate due to a surge in the e-commerce business related to food & transportation, packaging, automobile, and electronic industries in this region. The Asia-Pacific region is home to more than 600 million consumers out of which 260 million people are already online which accounts for online shopping. According to the World Economic Forum, the e‑commerce market is expected to grow with an exponential annual growth rate of 32% during the next five years as several major e‑commerce platforms have increased their interest in this region.

North America and Europe are expected to dominate in the future due to the growing pharmaceutical, healthcare, bioproducts, and renewable energy initiatives as well as medical devices industries with the potential rate which enhances the use of tail lifts in these sectors. According to EFPIA in 2017, North America had accounted for 48.1% of world pharmaceutical sales compared with 22.2% in Europe which are responsible to generate the demand for the tail lift in the pharmaceutical industries.

  Report Coverage

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 627.70 Million
Base year considered	2020
Forecast Period CAGR %:	12.20 %
Market Size Expected in 2027:	USD 1405.09 Million
Tables, Charts & Figures:	175
Pages	200
Key Players/Companies	BAR Cargolift,Dhollandia,PALFINGER,Anteo,Wastech,Tailifts,Cargotec,DAUTEL,Woodbine Manufacturing Company,Sorensen Hydraulik GmbH,Behrens Euro lift,Others
Segments Covered	By Product Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Tail-lift Market Reports –

• Global tail lift report covers in-depth historical and forecast analysis.
• Global tail lift research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Tail Lift Manufacturers, Competitive Analysis, Regional and Country levels.
• Global tail lift report helps to identify opportunities in the marketplace.
• Global tail lift report covers extensive analysis of emerging trends and the competitive landscape.