Tail Lift Market

A tail lift (a term used in the UK, also called a "lift gate" in North America) is a mechanical device permanently installed on the rear of a work truck, van, or lorry and is designed to facilitate the handling of goods from ground level or a loading dock to the level of the vehicle bed or vice versa. On the basis of type, the market is segregated into manual and powered types. On the basis of application, the market is divided into the manufacturing and commercial sectors. North America dominates the market owing to its rapidly growing industrial sector.

On the regional front, Europe holds a significant share in terms of revenue generation owing to its large population base and favorable geographical conditions for business growth. Asia Pacific has emerged as a major player in the tail lift market due to increasing investment in infrastructure and the expansion of outsourcing services by enterprises.

The tail lifts market is expected to grow at a CAGR of **% between 2019 and 2031. The main drivers of this growth are increasing demand from the medical industry and increasing adoption of advanced surgical techniques in both the oncology and orthopedic surgery fields.

The key trends in the tail lift market include Dhollandia N.V., Palfinger Tail Lifts GmbH, Dautel GmbH, Barger Cargolift, Anteo, and Wastech,Penny Hydraulics Ltd., Maxon Lift Corp., Palfinger AG, and Sorensen Hydraulik GmbH