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Tail Lift Market Will Grow at a Healthy 7% Value CAGR During the Period 2021-2031

On the strength of increased worldwide freight volume and growing demand for tail lift in end use industries, the global tail lift market is predicted to rise at a rapid pace over the forecast period. The global market for tail lifts is expected to reach over 900,000 units by the end of 2019, with a Y-o-Y increase of more than 6% in 2019.

A large increase in e-commerce and fast-moving consumer items is predicted to move the global logistics and transportation industry forward, boosting overall tail lift sales in both developed and emerging countries.

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.

Lifting Capacity
  • Up to 1,000 kg
  • 1,001-2,000 kg
  • 2,001-3,000 kg
  • Greater than 3,000 kg
Product
  • Columns
  • Cantilevers
  • Tuckaway
  • Sliders
Ownership
  • Government (Federal and State / Province)
  • Rental Fleet Operators
  • Industrial and Commercial Enterprises
End Use
  • Logistics
  • Waste Management
  • Medical Emergency Vehicles

E-Widespread commerce’s Impact on Industry Dynamics

The trend of warehousing has been highly popular among manufacturers all over the world, thanks to the rapid growth of the e-commerce industry and international trade.

One of the primary driving motors for the worldwide tail lift market is the increasing use of warehouses and distribution centres, which increases need for sustainable weight carrying systems.

The rising trend of automated warehouses and product transportation systems, on the other hand, may force market players to change their production tactics in the near future. Tail lifts with technologically advanced features are likely to be in high demand in the next years, as the global tail lift market changes.

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Supriya Bhor

Supriya Bhor is Assistant Manager for the Digital Marketing department at Fact.MR. With sound research skills and her own style of writing thought leadership articles, she has extensively covers developments in several research domains and industries.

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