The global tail lift market is expected to witness a strong growth rate over the forecast period on the backdrop of rising global freight volume and growing demand for tail lift in the end use sectors. The global market for tail lift is anticipated to reach over 900 thousand units by 2019 end with Y-o-Y increment of more than 6% in 2019 over 2018.
A significant growth in e-commerce and fast moving consumer goods are expected to propel the growth of global logistics and transportation industry, which in turn will upsurge the overall sales of tail lifts across developed as well as developing countries.
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This report provides forecast and analysis of the tail lift market. It provides historical data of 2013 along with estimated data for 2019, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study. The research propounds key trends that are currently influencing growth of the tail lift market along with the macro-economic indicators. This newly published and insightful report sheds light on key dynamics, and their impact on overall value chain from component suppliers to end users, which are expected to transform the future of the tail lift market.
The report also comprises the study of current issues with end users and opportunities for tail lifts in the global market. It also contains value chain analysis along with key market participants. In order to provide users of this report with a comprehensive view of the tail lift market, we have included detailed competitive analysis about market key players and strategic overviews.
The dashboard provides a detailed comparison of tail lift manufacturers on parameters such as total revenue, product offerings and key strategy. A list of key companies operating in the tail lift market provided in the report adds to the credibility of this exhaustive research study.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecast based on constant currency rates.
The report provides detailed competitive and company profiles of key participants operating in the global tail lift market. Some of the major companies operating in the tail lift market analyzed are 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., and others
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Tail Lift Market: In-Depth Assessment on Key Segments-
The global tail lift market is segmented by lifting capacity, product, ownership, end-use and region.
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.
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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.
Key Question answered in the survey of Tail Lift market report:
- Market Estimates of Tail Lift and Forecasts of Tail Lift
- Market Size of Tail Lift
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- Statistical analysis of Tail Lift
- Key Drivers Impacting the Tail Lift market
- Which are the Key drivers impacted by Tail Lift market
- Restraints Shaping U.S. Market Growth
- Market Survey of Tail Lift
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