Tail Lift Market - Introduction
- Tail lift is a device used for loading and unloading heavy material or goods. Rapid urbanization, growth of the retail industry, and increasing demand for fast moving consumer goods are considered to be the key drivers for the global tail lift market. The growth of the retail industry is anticipated to increase logistics activities which is further expected to drive the growth of the tail lift market in the coming years.
Tail Lift Market - Dynamics
- During logistics operations, heavy materials loading and unloading are often handled manually by workers. This leads to health issues and injuries due to manual handling of heavy loads for a prolonged time period. Thus, tail lift manufacturers have started working on technical innovations to reduce the efforts of workers. Vendors are focusing on introducing exoskeleton systems to enhance material and goods handling capacity and operability. Thus, increasing use of such technology in warehouse operations is expected to drive the demand for tail lifts and thereby the growth of the market in the upcoming years.
- The operating cost of tail lifts is rather high. The cost of tail lifts varies depending on the load carrying capacity, application, and its size.
- The increasing number of partnerships between vendors and other companies in emerging regions including Asia Pacific is projected to increase the availability of tail lifts in the market and thereby drive market growth.
- For instance, in April 2018, Tommy Gate and Anteo, manufacturers of tail lifts entered into a partnership agreement to strengthen their business operations
- Additionally, cost of maintenance associated with tail lifts is quite high because these are used for heavy material lifting, and loading and unloading of heavy goods.
- Furthermore, operating cost of tail lifts also increases for logistics companies as they have to follow government guidelines related to workers safety. Thus, high operating cost associated with tail lifts is expected to hamper the growth of the market in the near future.
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Tail Lift Market: Segmentation Analysis
- Based on type, the global tail lift market can be divided into column lift, tuck away lifts, slider tail lifts, and cantilever lifts.
- The cantilever lifts segment accounted for largest share in 2018. This segment is expected to dominate the global market throughout the forecast period.
- Based on application, the global tail lift market can be divided into food and transport logistics, local authorities, waste management, leasing and rental business, and emergency services.
Europe to Lead the Global Market for Tail Lift
- In terms of region, the global tail lift market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe is likely to witness the maximum demand for tail lifts from 2019 to 2027, followed by the Americas and APAC. Europe is expected to maintain its leading position in the market throughout the period 2019-2027.
Key Manufacturers Operating in the Market
The global tail lift market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- Cargotec Corporation
- Dhollandia N.V.
- Palfinger Tail Lifts GmbH
- Dautel GmbH
- Penny Hydraulics Ltd.
- Maxon lift Corp.
- Palfinger AG
- SörensenHydraulik GmbH.
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Global Tail Lift Market: Research Scope
Tail Lift Market, by type
- Column Lifts
- Tuck Away Lifts
- Cantilever Lifts
- Slider Tail-Lift
Tail Lift Market, by Application
- Food and Transport Logistics
- Local Authorities
- Waste Management
- Leasing and Rental Business
- Emergency Services
Global Tail Lift Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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