Tail Lift Market by Product and Geography - Forecast and Analysis 2022-2026
| Published: Jun 2022 | Pages: 132 | SKU: IRTNTR73262 |
The tail lift market share is expected to increase to USD 1.11 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.34%.
This tail lift market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tail lift market segmentation by product (cantilever lifts, slider tail lifts, tuck away lifts, and column lifts) and geography (Europe, North America, APAC, Middle East and Africa, and South America). The tail lift market report also offers information on several market vendors, including Anteo S P A, Behrens loading systems B V, Cargotec Corp., Dautel GMBH, Dhollandia N V, Gerd Bar GmbH, Maxon lift Corp, PALFINGER AG, Penny Hydraulics Ltd, Sorensen Hydraulik GMBH, Tailifts South Africa Pty Ltd, Tuffman Group, and Woodbine Manufacturing Co. among others.
What will the Tail Lift Market Size be During the Forecast Period?
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Tail Lift Market: Key Drivers, Trends, and Challenges
The growth of the retail industry is notably driving the tail lift market growth, although factors such as the high cost of operating tail lifts may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tail lift industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Tail Lift Market Driver
One of the key factors driving growth in the tail lift market is the growth of the retail industry. Rapid urbanization, rising household incomes, and the increasing demand for fast-moving consumer goods (FMCG) drive the growth of the retail industry. For instance, in 2021, the total retail sales of consumer goods in China reached 44,082.3 billion yuan, up by 12.5 percent over the previous year with an average two-year growth of 3.9 percent. Investments in the retail industry are also increasing. For instance, in 2021, the Indian retail market is estimated to be USD 600 billion and one of the top-five retail markets in the world by economic value. India is one of the fastest-growing retail markets in the world, with 1.2 billion people. The retail industry in the country is estimated to grow due to the addition of new mall space. Thus, the growth of the retail industry will increase logistical activities, which will increase the demand for tail lifts.
Key Tail Lift Market Trend
The availability of safety devices for tail lifts is a tail lift market trend that is expected to have a positive impact in the coming years. Several accidents have been reported during the operation of tail lifts. Hence, regulatory authorities are focusing on improving the safety of tail lifts. For instance, the Hong Kong Productivity Council (HKPC) proposed a tail lift automatic tripping system (ATS) that is equipped with a tripping device and a foot protector. The tripping device is a laser scanner that can detect any obstruction during the closure of the tail lifts to stop operations in the event of an emergency. The foot protector is a photoelectric retro-reflective sensor that can detect the feet of the operator when the tail lift is moving up and cease operation in the event of an emergency. Tail lifts can also be equipped with buzzers, flashing lamps, and two-hand control devices to improve safety.
Key Tail Lift Market Challenge
The high cost of operating tail lifts will be a major challenge for the tail lift market during the forecast period. Operating tail lifts involves direct and indirect costs. The direct costs include the cost of purchase and maintenance, and the indirect costs include employee training. The costs of tail lifts vary. For instance, the average cost of tail lifts ranges between USD 1,000 and USD 5,000. The cost is determined based on the size, load-carrying capacities, and application of tail lifts. The maintenance cost is also high due to its applications such as the lifting, loading, and unloading of goods. The governments of several countries have imposed guidelines to ensure the safety of workers, and logistics companies must adhere to such guidelines, which increases the cost. Hence, the high cost of operating tail lifts is a challenge for the growth of the global tail lift market.
This tail lift market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Which are the Key Regions for Tail Lift Market?
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49% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for tail lifts in Europe. However, market growth in this region will be slower than the growth of the market in North America.
The growth of the retail industry will facilitate the tail lift market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Following the outbreak of COVID-19, the Europe automobile industry faced widespread production losses as factories were shut down as per the lockdown protocols in 2020. However, with the marked decline in the number of COVID-19 cases following the rising vaccination rate in 2021, companies operating in the automobile industry, such as Hyundai Motor Co and others, are resuming investments and production, which will increase the demand for Wearhouse storage in the region. Thus, the growth in automobile sales and storage facilities has increased the demand for the regional tail lifts market during the forecast period.
What are the Revenue-generating Product Segments in the Tail Lift Market?
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The tail lift market share growth by the cantilever lifts segment will be significant during the forecast period. The demand for cantilever lifts is increasing due to the growth of the retail industry, which is resulting in the expansion of retail space. CVs, which are equipped with tail lifts, are required to transport goods to retail outlets. Several retail companies are focusing on maximizing the load-carrying capacity of their CVs and procuring new trucks. They are also adopting advanced technologies to improve their logistical operations. All these factors will lead to the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the tail lift market size and actionable market insights on post COVID-19 impact on each segment.
Who are the Major Tail Lift Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Anteo S P A
- Behrens loading systems B V
- Cargotec Corp.
- Dautel GMBH
- Dhollandia N V
- Gerd Bar GmbH
- Maxon lift Corp
- PALFINGER AG
- Penny Hydraulics Ltd
- Sorensen Hydraulik GMBH
- Tailifts South Africa Pty Ltd
- Tuffman Group
- Woodbine Manufacturing Co.
This statistical study of the tail lift market encompasses successful business strategies deployed by the key vendors. The tail lift market is fragmented and the vendors are deploying growth strategies such as focusing on equipment price and capacity, technology, innovation, and quality to compete in the market.
Product Insights and News
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anteo.com - The company offers soft magnetic materials which is used in choke coil, chip inductor, reactor for vehicle and photovoltaic power generation, electromagnetic clutch, and mixing with resins.
-
anteo.com - Under the specialty steel segment, the company offers specialty steel for automotive and industrial machinery parts.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The tail lift market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Parent Market Analysis
Technavio categorizes the global tail lift market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tail lift market during the forecast period.
Tail Lift Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the tail lift market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Tail Lift Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.34% |
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Market growth 2022-2026 |
$ 1.11 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
12.87 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 49% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Anteo S P A, behrens loading systems B V, Cargotec Corp., Dautel GMBH, Dhollandia N V, Gerd Bar GmbH, Maxon lift Corp, PALFINGER AG, Penny Hydraulics Ltd, Sorensen Hydraulik GMBH, Tailifts South Africa Pty Ltd, Tuffman Group, and Woodbine Manufacturing Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Tail Lift Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive tail lift market growth during the next five years
- Precise estimation of the tail lift market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the tail lift industry across Europe, North America, APAC, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tail lift market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Cantilever lifts - Market size and forecast 2021-2026
- Exhibit 28: Chart on Cantilever lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Cantilever lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Cantilever lifts - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Cantilever lifts - Year-over-year growth 2021-2026 (%)
- 5.4 Slider tail lifts - Market size and forecast 2021-2026
- Exhibit 32: Chart on Slider tail lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Slider tail lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Slider tail lifts - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Slider tail lifts - Year-over-year growth 2021-2026 (%)
- 5.5 Tuck away lifts - Market size and forecast 2021-2026
- Exhibit 36: Chart on Tuck away lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Tuck away lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Tuck away lifts - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Tuck away lifts - Year-over-year growth 2021-2026 (%)
- 5.6 Column lifts - Market size and forecast 2021-2026
- Exhibit 40: Chart on Column lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Column lifts - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Column lifts - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Column lifts - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Anteo Spa
- Exhibit 97: Anteo Spa - Overview
- Exhibit 98: Anteo Spa - Product / Service
- Exhibit 99: Anteo Spa - Key offerings
- 10.4 behrens loading systems BV
- Exhibit 100: behrens loading systems BV - Overview
- Exhibit 101: behrens loading systems BV - Product / Service
- Exhibit 102: behrens loading systems BV - Key offerings
- 10.5 Cargotec Corp.
- Exhibit 103: Cargotec Corp. - Overview
- Exhibit 104: Cargotec Corp. - Business segments
- Exhibit 105: Cargotec Corp. - Key offerings
- Exhibit 106: Cargotec Corp. - Segment focus
- 10.6 Dautel GMBH
- Exhibit 107: Dautel GMBH - Overview
- Exhibit 108: Dautel GMBH - Product / Service
- Exhibit 109: Dautel GMBH - Key offerings
- 10.7 Dhollandia NV
- Exhibit 110: Dhollandia NV - Overview
- Exhibit 111: Dhollandia NV - Product / Service
- Exhibit 112: Dhollandia NV - Key offerings
- 10.8 Gerd Bar GmbH
- Exhibit 113: Gerd Bar GmbH - Overview
- Exhibit 114: Gerd Bar GmbH - Product / Service
- Exhibit 115: Gerd Bar GmbH - Key offerings
- 10.9 Maxon lift Corp
- Exhibit 116: Maxon lift Corp - Overview
- Exhibit 117: Maxon lift Corp - Product / Service
- Exhibit 118: Maxon lift Corp - Key offerings
- 10.10 PALFINGER AG
- Exhibit 119: PALFINGER AG - Overview
- Exhibit 120: PALFINGER AG - Business segments
- Exhibit 121: PALFINGER AG - Key offerings
- Exhibit 122: PALFINGER AG - Segment focus
- 10.11 Penny Hydraulics Ltd
- Exhibit 123: Penny Hydraulics Ltd - Overview
- Exhibit 124: Penny Hydraulics Ltd - Product / Service
- Exhibit 125: Penny Hydraulics Ltd - Key offerings
- 10.12 Sorensen Hydraulik GMBH
- Exhibit 126: Sorensen Hydraulik GMBH - Overview
- Exhibit 127: Sorensen Hydraulik GMBH - Product / Service
- Exhibit 128: Sorensen Hydraulik GMBH - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources
- 11.5 List of abbreviations
- Exhibit 135: List of abbreviations
- Exhibit 135: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
tail lift market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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