Fact.MR, a leading research firm, opines that the overall sales of tail lifts was pegged at more than US$ 1,000 Mn in 2018 and the global tail lift market is likely to record a strong growth during the forecast period due to transformation in the transportation and logistics infrastructure across the developed as well as developing economies. In addition, increasing adoption of automation in tail lift market along with rise in international trade are among the key trends anticipated to amplify the overall sales of tail lift over the forecast period. Currently, East Asia holds the leading share in the global tail lift market owing to presence of better technologies and infrastructure. The region is likely to witness the similar trend during forecast years emphasized by the constant demand from commercial and industrial sectors. The rising urbanization and logistics industry in developing countries like, China, India, Mexico, Indonesia and South Korea are projected to augment the growth of the global tail lift market.

Also, automating a warehouse is among the leading trends in the industrial sector, as a majority of industries are automating a variety of processes such as delivery of goods, waste management, and loading & unloading. With the recent advancements in technologies, various manufacturing facilities are adopting automated tail lifts during transportation to improve their productivity and manufacturing efficiency. It may trigger demand for advanced tail lifts that may suit these next generation technologies in the upcoming years.

In this tail lift market study, the following years are considered to project the market footprint:

History Year: 2013 - 2018
Base Year: 2013
Estimated Year: 2027
Forecast Year: 2019 – 2027

After reading the tail lift market report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global tail lift market.
Analyze key regions holding significant share of the total tail lift market revenue.
Study the growth outlook of the global tail lift market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the tail lift market growth.
Investigate the recent R&D projects performed by each tail lift market player.

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The tail lift market report covers the following regions:

North America (U.S., Canada)
Latin America (Brazil, Mexico)
Europe (BENELUX, NORDICS)
East Asia (Japan, South Korea)

On the basis of lifting capacity, the tail lift market report considers the following segments:

Up to 1,000 kg
1,001-2,000 kg
2,001-3,000 kg
Greater than 3,000 kg

On the basis of product, the tail lift market report includes:

Column
Cantilever
Slider
Tuckaway

Rising Concerns about Safe Transportation of Products Are Creating Demand for Tail Lifts

The increasing risk of goods getting damaged during transit is generating a need for a sustainable solution in the transportation and logistics industry. Various transportation service providers are analyzing various transportation risks of products to introduce appropriate tail lifts. As securing loads remains a primary concern during transportation, a majority of industries are adopting efficient tail lifts. In order to optimize procedures to secure products physically during shipping, the various industries are making use of tail lifts. These systems do not only improve the product safety, but also increase the productivity output of various manufacturing processes, thus boosting the adoption of tail lifts across industries. However, majority of tail lifts are hydraulic or pneumatic in operation, which makes them a high cost product. The cost of a tail lift may vary depending upon the type, loading capacity, application and size of tail lift. The manufacturers have to adhere to the regulatory standards and safety regulations for a tail lift, which may significantly increase the overall cost of the product.

Tail Lift Sales Remain Influenced by Regulatory Reforms

Over the historical years, many developed as well as developing countries have introduced their regulatory reforms to raise their road freight securing, ship securing and railcar securing to international standards for the protection of products. Moreover, changing end user’s expectations towards the high quality undamaged products and to deliver these, manufactures, leasing & rental companies, authorities, commercial & industrial buyers, and suppliers are likely to use highly efficient and reliable tail lifts during transportation of products. As a result, growing awareness regarding the safety and operation time span in logistics and transportation industry is likely to create enormous market opportunities in the global tail lift market over the forecast period.

Furthermore, the manufactures have to adhere to the regulations set by regulatory bodies and governments like, Whole Vehicle Type Approval (WVTA) and Lifting Operations and Lifting Equipment Regulations (LOLER). Therefore, key manufacturers such as Cargotec Corporation, Dhollandia N.V., and Anteo are focusing on manufacturing more safer and efficient tail lifts to reduce any failures and breakdown during tail lift operations.

Prominent tail lift market players covered in the report contain:

Cargotec Corporation
Dhollandia N.V.
PALFINGER AG
Anteo
Bär Cargolift
Tailifts South Africa (Pty) Ltd
DAUTEL
Penny Hydraulics Ltd
Leyman Lift Gates
Maxon Lift Corp.
Woodbine Manufacturing Co. Inc.
Sörensen Hydraulik GmbH
Powermatics Hydraulics & Engineering (M) Sdn Bhd
ALUMERO
Nandan GSE Pvt. Ltd.

The behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the tail lift market report comprehensively. In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each tail lift market vendor in an in-depth manner.

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The tail lift market report answers important questions which include:

What does the status of the tail lift market look like after the forecast period?
Which region has the highest contribution to the global tail lift market and why?
Which players remain at the top of the global tail lift market?
What opportunities are available for the tail lift market players to expand their production footprint?
Which segment has the maximum impact on the global tail lift market?

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