Europe Tail Lift Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, and End Users

Europe Tail Lift Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, and End Users

  • June 2021 •
  • 76 pages •
  • Report ID: 6134662 •
  • Format: PDF
The Europe tail lift market is expected to grow from US$ 246.09 million in 2021 to US$ 388.19 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

Companies in the tail lift market are coming up with new technologies to compete with other advanced technologies.The manufacturers are focusing on reducing the weight of tail lifts to save fuel consumption and optimize the truck operation, along with increasing the load capacity.

For instance, Anteo uses high-strength steel to provide the best performance in terms of weight and rigidity.The high-strength steel significantly reduces the total weight of the equipment, while ensuring greater robustness and excellent physical-mechanical response to stress.

In 2019, Hiab, a part of Cargotec Corporation, launched next-generation column lift DEL DL500.This new range of tail lifts is lighter in weight for increased payload, having the similar strength and rigidity and smooth operation with low noise.

The platform of the tail lift torsion-assisted with a flush lock, and the new catch design and anti-tilt feature provide improved, safer handling. Thus, the continuous innovation and development of tail lifts by the manufacturers are providing various opportunities for the growth of the Europe tail lift market.

The COVID-19 pandemic has had a positive impact on the ambulance market and there has been an increase in demand for ambulance services for offering emergency transport services to patients suffering from COVID-19.In course of the pandemic, the ambulance service providers and manufacturers have integrated various advanced technologies and boosted their production to meet the increasing demand for emergency services.

The increase in the demand for ambulance services propelled the demand for tail lift mechanical devices to be integrated into the ambulance.The integration of tail lift into an ambulance facilitates in loading a patient without manual lifting, which helps maintain a certain amount of social distancing.

The tail lift is also used for specialty care transports that require large and bulky equipment.Thus, an increase in emergency transport services drives the growth of the Europe tail lift market.

Thus, the COVID-19 pandemic has had a significant impact on the Europe tail lift market.

The tail lift market in Europe is bifurcated on the bases of type and end-users.Based on type, the market is segmented into column lifts, tuckaway lifts, cantilever lifts, and slider tail lifts.

The cantilever lifts segment accounted for the largest share of the market in 2020.In terms of end-users, the Europe tail lift market is segmented into food and transport logistics, waste management, leasing and rental business, and emergency services.

The food and transport logistics segment is a crucial end-use industry of tail lifts.

The automotive & transportation industries across the the world have been investing substantial amounts in the adoption of automated and intelligent industrial solutions.The continuous increase in the number of industrial machinery setups being installed provides lucrative growth opportunities for market players in Europe.

With the huge acceptance for technological advancements, enterprises in the countries in these regions are focusing on transforming their factories into smart factories.The countries with a considerably higher number of manufacturing facilities—including the the UK, Germany, and France, among others—are continually seeking advanced technology equipment in manufacturing facilities across different industries.

With the constant rise in production and demand, the expansion of manufacturing facilities becomes one of the prime growth strategies for manufacturers, which is the key factor boosting the demand for insulation products. Key players operating in the Europe tail lift market are ANTEO S.P.A., Bar Cargolift, DAUTEL GMBH, DHOLLANDIA N.V., Penny Hydraulics Ltd Ltd., HIAB, Palfinger AG, and Sorensen Hydraulik GmbH.

The overall Europe tail lift market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe tail lift market with regard to all the segments.Also, primary interviews were conducted with industry participants and commentators to validate data as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe tail lift market.

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