According to our latest market study on “Europe Tail Lift Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type (Column Lifts, Tuckaway Lifts, Cantilever Lifts, and Slider Tail Lifts), and End-users (Food and Transport Logistics, Waste Management, Leasing and Rental Business, and Emergency Services),” the 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.
The e-commerce sector provides the convenience to purchase products from any vendor anywhere in the world by just a tap of their fingers. The global growth of the e-commerce sector has led to an increase in international trade between the countries. The growing international trade has led to an increase in adoption of warehouses and distribution centers worldwide for storage purposes. This creates a demand for sustainable weight-carrying systems. A tail lift is a mechanical device that is permanently installed on the rear of a van, lorry, or truck and facilitates the handling of goods from the ground level to the vehicle bed or vice-versa. The rise of the e-commerce sector will also lead to an increase in logistic operations, which includes heavy material loading and unloading. As manual loading and unloading can lead to health issues and injuries in workers, the use of a tail lift for logistic and warehouse operations serves a great relief. Along with this, the increasing risk of goods being damaged during transit is prompting a need for a sustainable solution in the transportation and logistics industry, which is provided by the tail lift. The transport service providers are analyzing various transportation risks of products to introduce appropriate tail lifts. Tail lifts are being adopted by various manufacturers to secure the safety of the product, as well as optimize procedures. The tail lift systems not only focus on product safety but also increase the productivity output of various manufacturing processes. Thus, the growth of the e-commerce sector is subsequently increasing the demand for tail lift mechanical devices.
Tail lift is used in various industries for different purposes. In the waste management industry, tail lift is used in a garbage truck and dustbin lorry to pick up waste and move it to the landfill. For emergency services, the tail lift is used in ambulances to facilitate in loading a patient. The tail lift is also used in vans of packers and movers to allow easy loading and unloading of heavy furniture. If time is a constraint, quick access for efficient deliveries in urban locations is achieved with extremely versatile and light tail lifts that are used in vehicles of packers and movers. In the food & beverages industry, the warehousing and transportation operations are the major users of tail lifts, which provide safety of the product. Tail lifts provide the level loading requirements at all heights by ensuring the safe handling of goods. The sliding system is driven by hydraulic cylinders that are reliable to operate in all hostile climates and environments. The local authorities are also using a tail lift that meets the special requirements of fire brigades, rescue services, or civil protection. These tail lifts are also used by buses and rail vehicles that provide accessibility to people with reduced mobility in wheelchairs. Thus, the wide range of applications of tail lifts in various industries is driving the Europe tail lift market.
In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. There has been an increase in demand for ambulance services in Europe which is due to the COVID-19 pandemic. The demand for emergency services caused by the significant spread of COVID-19 has increased the demand for ambulance services across Europe. Along with this, the upliftment of lockdown restrictions in certain countries in Europe will facilitate transportation and logistics operations which will have a positive impact on the tail lift market in the coming years.
The trucking industry, however, has observed severe impacts of COVID-19 with closure of borders leading to limited intra-country road logistics and trading. The European logistics industry is substantially dependent of road transportation, and with the imposition of strict lockdown or restriction towards human movement, the trucking industry experienced loss. This factor led the truck owners and rental service providers to invest on critical aspects to grow their business rather on ancillary components. This showcased limited demand for tail lifts among the truck owners and rental service providers. This factor plummeted the tail lift market in European countries.
The e-commerce sector provides the convenience to purchase products from any vendor anywhere in the world by just a tap of their fingers. The global growth of the e-commerce sector has led to an increase in international trade between the countries. The growing international trade has led to an increase in adoption of warehouses and distribution centers worldwide for storage purposes. This creates a demand for sustainable weight-carrying systems. A tail lift is a mechanical device that is permanently installed on the rear of a van, lorry, or truck and facilitates the handling of goods from the ground level to the vehicle bed or vice-versa. The rise of the e-commerce sector will also lead to an increase in logistic operations, which includes heavy material loading and unloading. As manual loading and unloading can lead to health issues and injuries in workers, the use of a tail lift for logistic and warehouse operations serves a great relief. Along with this, the increasing risk of goods being damaged during transit is prompting a need for a sustainable solution in the transportation and logistics industry, which is provided by the tail lift. The transport service providers are analyzing various transportation risks of products to introduce appropriate tail lifts. Tail lifts are being adopted by various manufacturers to secure the safety of the product, as well as optimize procedures. The tail lift systems not only focus on product safety but also increase the productivity output of various manufacturing processes. Thus, the growth of the e-commerce sector is subsequently increasing the demand for tail lift mechanical devices.
Tail lift is used in various industries for different purposes. In the waste management industry, tail lift is used in a garbage truck and dustbin lorry to pick up waste and move it to the landfill. For emergency services, the tail lift is used in ambulances to facilitate in loading a patient. The tail lift is also used in vans of packers and movers to allow easy loading and unloading of heavy furniture. If time is a constraint, quick access for efficient deliveries in urban locations is achieved with extremely versatile and light tail lifts that are used in vehicles of packers and movers. In the food & beverages industry, the warehousing and transportation operations are the major users of tail lifts, which provide safety of the product. Tail lifts provide the level loading requirements at all heights by ensuring the safe handling of goods. The sliding system is driven by hydraulic cylinders that are reliable to operate in all hostile climates and environments. The local authorities are also using a tail lift that meets the special requirements of fire brigades, rescue services, or civil protection. These tail lifts are also used by buses and rail vehicles that provide accessibility to people with reduced mobility in wheelchairs. Thus, the wide range of applications of tail lifts in various industries is driving the Europe tail lift market.
Impact of COVID-19 on Europe Tail Lift Market
In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. There has been an increase in demand for ambulance services in Europe which is due to the COVID-19 pandemic. The demand for emergency services caused by the significant spread of COVID-19 has increased the demand for ambulance services across Europe. Along with this, the upliftment of lockdown restrictions in certain countries in Europe will facilitate transportation and logistics operations which will have a positive impact on the tail lift market in the coming years.
The trucking industry, however, has observed severe impacts of COVID-19 with closure of borders leading to limited intra-country road logistics and trading. The European logistics industry is substantially dependent of road transportation, and with the imposition of strict lockdown or restriction towards human movement, the trucking industry experienced loss. This factor led the truck owners and rental service providers to invest on critical aspects to grow their business rather on ancillary components. This showcased limited demand for tail lifts among the truck owners and rental service providers. This factor plummeted the tail lift market in European countries.
The report segments the Europe tail lift market as follows:
Europe Tail Lift Market - by Type
- Column Lifts
- Tuckaway Lifts
- Cantilever Lifts
- Slider Tail Lifts
Europe Tail Lift Market - by End-users
- Food and Transport Logistics
- Waste Management
- Leasing and Rental Business
- Emergency Services
Europe Tail Lift Market - by Countries
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Medical Polyoxymethylene Market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA Medical Polyoxymethylene market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving Medical Polyoxymethylene market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the Middle Eastern and African Medical Polyoxymethylene Market
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Report Attribute | Details |
---|---|
No. of Pages | 76 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 4320.02 Million |
Forecasted Market Value ( USD | $ 5308.95 Million |
Compound Annual Growth Rate | 2.6% |
Regions Covered | Africa, Middle East |
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Medical Polyoxymethylene Market Landscape
5. MEA Medical POM Market - Key Market Dynamics
6. Medical Polyoxymethylene - MEA Market Analysis
7. MEA Medical Polyoxymethylene Market Analysis - by Application
8. MEA Medical POM Market - Country Analysis
10. Company Profiles
11. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
- Korea Engineering Plastics Co., Ltd.
- Mitsubishi Chemical Corporation