Global Tail Lift Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tail Lift Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A tail lift is a mechanical device installed on the rear of a work truck, van, or lorry, and is designed to facilitate the materials handling of goods from ground level or a loading dock to the level of the vehicle bed, or vice versa. The majority of tail lifts are hydraulic or pneumatic in operation.
Using a tail lift can make it unnecessary to use machinery such as a forklift truck to load heavy items on to a vehicle. A tail lift can also bridge the difference in height between a loading dock and the vehicle load bed. Tail lifts are available for many sizes of vehicle, from standard vans to articulated lorries.

Market Overview:

The latest research study on the global Tail Lift market finds that the global Tail Lift market reached a value of USD 1249.54 million in 2022. It’s expected that the market will achieve USD 2397.49 million by 2028, exhibiting a CAGR of 11.47% during the forecast period.

Influence of COVID-19 Outbreak on Tail Lift Industry Development

The Covid-19 epidemic has led to a decline in offline passenger flow, highlighting the advantages of e-commerce and online sales. Traditional marketing channels are restricted, and the opening and operation of retail stores in the early stage of the epidemic are restricted by the government. During the outbreak of Covid-19 epidemic, traditional dealers encountered great challenges. The sales volume of traditional offline sales channels is affected to some extent. At the same time, during this period, the sales of online shopping will increase.

The influence of Covid-19 on the Tail Lift industry will involve all the main links and entities in the industrial chain. The management efficiency of the company is declining, the commuting of employees is seriously hindered, the production plan is seriously hindered, and the marketing is delayed. Affected by Covid-19, the logistics speed slowed down, and the raw material supply of Tail Lift industry was tight. The production of related enterprises in severe epidemic areas is greatly affected. Short-term epidemic has little impact on raw material supply of enterprises, mainly consuming inventory materials, while long-term epidemic will cause immeasurable losses. If the epidemic situation develops further, small and medium-sized Tail Lift enterprises will face greater market risks.

Emerging and Growing Market of Tail Lift

In recent years, China's economy has developed rapidly, and the per capita living standard has been continuously improved. The logistics and transportation industry has developed particularly rapidly, and Tail Lift has great market potential. Tail Lift has become very popular in Europe and America in the world. It was introduced to mainland China through Hong Kong and Macao in 1990s and quickly accepted by customers. However, Tail Lift has only just started in the Chinese market, and the main obstacle is the policy reason. There are few trucks installed with Tail Lift, and users installing Tail Lift involve the problem of modified cars. However, with the improvement of China's relevant policies and the joint efforts of tailgate manufacturers and vehicle manufacturers, China's market share will increase. With the growth of China's population, it will further drive the Tail Lift market. The downstream demand of Tail Lift in China is increasing and the market potential is huge.

Industry Limitations

Raw material cost accounts for most of the production cost of Tail Lift, and the fluctuation of raw material price brings uncertainty to tail lift production enterprises, which directly affects their gross profit. For small and medium-sized enterprises without perfect supply channels, the price change of raw materials in the market will have a great impact on their procurement costs, and then affect the normal operation of the whole enterprise.

Industry Opportunities

With the rapid development of the Internet era, the sales forms are constantly innovating, and the online marketing of Tail Lift shows great advantages in the fierce market competition. However, the sales channel of online sales is a commercial organization that contacts with the outside of the company through the role of the Internet, so as to achieve the purpose of company distribution. Compared with traditional marketing channels, the advantages of online sales are improved in sales cost, channel management cost, information flow and capital flow. With the continuous progress of information technology, online sales are developing at a faster speed, and the competition between online sales channels and traditional sales channels will also highlight its advantages. The emerging online sales channel not only simplifies the composition of various channels in traditional marketing, but also integrates sales, pre-sales and after-sales service, commodity and customer information inquiry, which has great advantages. The further development of online sales of Tail Lift will further promote the sales volume of the whole market.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview

Cargotec is one of the major players operating in the Tail Lift market, holding a share of 22.28% in 2022.

Cargotec enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through Cargotec unique position in ports, at sea and on roads, Cargotec optimise global cargo flows and create sustainable customer value.

DHOLLANDIA founded in 1968, more than 50 years of experience in the tail lift business, Europe's manufacturer of tail lifts, with production in excess of 50,000 units per year and more than 750,000 units sold since 1968. Unparalleled product range with lift capacities ranging from 150 to 16,000 kg, all developed via internal growth. Professional network of DHOLLANDIA Area Sales & Service Centres (Europe) and independent distributors (outside Europe) in 6 continents, and more than 70 countries worldwide.

Segmentation Overview:

Among different product types, Cantilever Lifts segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Food and transport logistics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Tail Lift market covered in Chapter 3:

Cargotec
Leyman Lifts
Penny Hydraulics
Cadrolift
BAR Cargolift
Sörensen Hydraulik GmbH
Tailifts
Wastech
Anteo
Dhollandia
DAUTEL
PALFINGER

In Chapter 4 and Chapter 14.2, on the basis of types, the Tail Lift market from 2018 to 2029 is primarily split into:

Cantilever Lifts
Column Lifts
Tukaway Lifts
Slider tail-lift

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tail Lift market from 2018 to 2029 covers:

Food and transport logistics
Waste management
Emergency services
Local authorities
Leasing and rental business

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)