Tail Lifts Market size is expected to grow rapidly during 2021 to 2027 due to the increasing level of industrialization, rise in the retail sector, and export led manufacturing. In addition, there has been a rapid rise in demand for fast moving consumer goods, growth in e-commerce sales, and logistics operations over the past years. According to the United Nation Conference on Trade and Development (UNCTAD) data, E-commerce sales in 2018 reached USD 25.6 trillion globally. The U.S. accounted for USD 8,640 billion of total e-commerce sales. The exponential rise in e-commerce sales will positively influence the industry statistics.
The increasing volume of global freight transport and growing demand for tail lift in various end-use applications, such as food and transport logistics, waste management, supply chain management, gas distribution, leasing & rental business, emergency services, and others, will further drive market growth. Tail lifts are widely used in these applications due to the convenience, safety, and efficiency offered while loading & unloading trucks. The cantilever lifts are the most commonly used lifts as they are fully hydraulic and have the capacity to lift loads ranging from 1,000 kg to 2,000 kg.
The highly regulated nature of tail lifts market is one of the key restraining factors. Manufacturers must take several safety precautions into consideration as any slightest of manufacturing defect can lead to fatalities. Due to strict government guidelines related to workers’ safety and health, tail manufacturers are working on technical innovations and following the standards laid down by Lifting Operation and Lifting Equipment Regulations (LOLER).
The increasing use of advanced technologies, such as telematics and IoT, in supply chain management and logistics operations is expected to create new opportunities for the tail lifts market. For instance, in May 2021, Hiab, a part of Cargotec, introduced the tail lifts brand, ZEPRO, a next generation heavy duty slider lifts for trailers and heavy goods vehicles. The robust, low maintenance lifts will immensely benefit the food, beverages, and logistics industries with ease and precision. The smart solutions will assist the operators to maximize efficiency and safety in the workplace.
The COVID-19 pandemic has severely affected the tail lift industry. The manufacturing & logistics industry observed a significant decline in revenues. Several countries announced lockdown, resulting in the disruption of supply chain, workforce, shut down of manufacturing plants & factories, and a fall in production.
The slowdown has significantly affected freight and automobile industries, causing a significant drop in the number of projects. The food and transport logistics were halted due to supply chain derailment and unavailability of manpower. According to the Global Energy Review 2020, published by the International Energy Agency, the global road transport activity was 50% below the 2019 average by the end of March 2020 due to the pandemic.
Based on type, the tail lifts market is segmented into column lifts, rear frame column tail lifts, tuck away lifts, cantilever lifts, slider tail lifts, and retractable tail lifts. The retractable lifts are expected to register a substantial growth rate owing to several benefits. These tail lifts are ideal for operating in loading docks and handling heavier loads. They provide operational advantages of both cantilever and column lifts. The retractable tail lifts are mounted on the chassis of the vehicle, thereby, making them suitable to lift heavy loads.
By application, the market is segmented into transport & logistics, waste management, emergency services, gas distribution, local authorities, supply chain management, and leasing & rental business. The transport & logistics segment is anticipated to hold a high market share in terms of revenue during the forecast period. The increasing growth in the e-commerce sector has led to a rise in transport logistics operations. A positive outlook of the logistics industry has created a demand for cantilever tail lifts. The cantilever hydraulic tail lift helps in increasing the productivity of warehouse management in the transportation & logistics industry, thereby resulting in high sales of hydraulic tail lifts.
By capacity, the tail lifts market is segmented into 100 - 500 kg, 501 - 1,000 kg, and above 1,000 kg. Tail lifts having the capacity above 1,000 kg are expected to hold a high market share during the forecast period. These tail lifts are widely demanded by several end-use applications such as transport logistics, waste management, gas distribution, supply chain management, leasing & rental business, emergency services, and others. In response to the high market demand, companies are launching new tail lift models.
The European Union is expected to register a high growth rate owing to the presence of major tail lifts manufacturers such as Dhollandia, Dautel, and Novacom. Factors, such as growth of the e-commerce sector and rise in international trade due to an economic recovery after Brexit, are driving the growth of the tail lifts market. In addition, favorable government policies, increasing research & development activities, and strong leadership skills in Germany and the UK are further driving market growth. Advanced infrastructure, knowledgeable workforce in automotive and manufacturing sectors, and the growing adoption of material handling equipment will drive the industry growth.
The tail lifts market is fragmented with various regional & international players operating in this market. Some of the key players are Bar Cargolift, Palfinger AG, Leyman Lift Gates, Maxon Lift Corp, Penny Hydraulics Ltd, Sorensen Hydraulik GmbH, Dhollandia N.V, Anteo, Cargotec Corporation, DAUTEL GmbH, and Tailifts South Africa (pty) Ltd. In December 2020, Palfinger acquired its partner Hinz Forsaljnings AB. The acquisition of Palfinger’s second largest global independent partner headquartered in Sweden aims to strengthen its presence in Sweden’s core market.
Several companies are focusing on new product development with the help of advanced technologies and strategic partnerships. In September 2018, Dhollandia, a European manufacturer of tail lifts, partnered with Novocam and launched a connected tail lift solution for advanced and operational fleet management. The objective behind this technological partnership is to support fleet managers in their daily challenges and reduce immobilization of assets.
Market, By Type
Market, By Application
Market, By Capacity
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