Lift Gate Market Scope
Liftgate refers to an external structure mounted on the back or side of a truck or trailer of any size to support loading/unloading of goods and items by removing the requirement of labours or men to load/unload the items from the trailer. In other words, liftgate (often known as tail lift in terms of UK) is a mechanical device installed on the back/rear or side of the trailers, van, or lorry and used for material handling of goods for loading from ground level to vehicle trailer or vice versa. Increasing trailers production globally, rising production of medium & heavy vehicles, and increasing demand for lightweight lift gates are some of the key drivers aiding into the growth of liftgate market globally.
The market study is being classified by Type (Rail Lift, Conventional, Retractable, Utility and Others), by Application (Light Duty, Medium Duty and Heavy Duty) and major geographies with country level break-up.
Major vendors are trying to grab the market share from different regions such as the Asia Pacific and North America by developing new and innovative products compiled with new technologies such as lightweight materials which can help the logistics vendors achieve greater fuel efficiency along with good service quality for their customers. Also, large players such as Maxon Lift Corporation are expanding their business across different regions of the world. For instance, in 2016, Maxon Lift Corporation opened a new warehouse of finished goods in Ontario to expand its business across the Canadian market. Moreover, in 2017, Maxon Lift Corporation has also signed a partnership with Ryder System Inc. (a leading vendor in commercial fleet management, supply chain solutions, and dedicated transportation, across the United States) wherein, Maxon has outsourced its warehousing function across five different Ryder-operated warehouse facilities in Georgia, Indiana, Pennsylvania, Texas, and California. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Lift Gate market throughout the predicted period.
Anthony Liftgates, Inc. (United States), Leyman Lift Gates (United States), Maxon Lift Corp. (United States), PALFINGER AG (Austria), THEIMAN TAILGATES (United States), Woodbine Manufacturing Co. Inc. (United States), Hiab (United States), Ricon Corp. (United States), Shade Equipment Company, Inc. (United States) and Texas Hydraulic & Equipment Co. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jinan DP Info Tech Co. Ltd. (China), Kitamura Manufacturing Co. Ltd. (Japan), DaikyoNishikawa (Japan), Ryder System, Inc. (United States) and Others.
AdvanceMarketAnalytics has segmented the market of Global Lift Gate market by Type, Application and Region.
On the basis of geography, the market of Lift Gate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2018, Woodbine Manufacturing Company Inc., the parent company of Tommy Gate, purchased 40% equity stake in Anteo S.P.A., an Italy based liftgate manufacturer.
In June 2019, Woodbine Manufacturing Co. Ltd. launched its acquired companyís (Anteo S.P.A.) liftgate products in the United States.
The United States Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have enacted greenhouse gas emissions regulations on commercial vehicles that require manufacturers to develop and sell technologies to improve fuel efficiency by 2030. In response, fleets have increased their fuel efficiency from 6.10 MPG in 2003 to 7.30 MPG in 2017 with the adoption of fuel-saving technologies and lightweight materials, according to the North American Council for Freight Efficiency (NACFE).
- Increasing usage of lightweight materials in order to boost the fuel efficiency of transportation vehicles.
- Increasing demand for retractable liftgates.
- Increasing production of trailers.
- Rising production of heavy transportation vehicles.
- Increasing demand for the lightweight liftgates.
- Increasing demand to improve the logistics industry by providing on-time goods delivery services.
- Growing transportation & logistics industry
- Issues related to tie to low voltage.
- High fuel consumption due to the larger weight of metallic lift gates.
- The high cost of sensor-based fully automatic lift gates.
Continuous developments in the logistics and transportation industry are generating the demand for automated technologies which in turn driving the growth for liftgate market globally. In addition, introduction of new and innovated products such as lightweight retractable liftgates is creating the awareness of adopting new technologies among the customers across the industry. Furthermore, growing transportation and logistics sector across different regions is another major factor boosting the opportunities for liftgate vendors to expand their market across the world.as IP-based multimedia systems, increasing competition, and customer churn, OSS and BSS have emerged as key elements of an operatorís network. The rollout of the next-generation OSS-BSS framework is offering abundant opportunities to the OSS/BSS market to grow in the forthcoming years
Key Target Audience
Logistics & Transportation Service Providers, Medium & Heavy Vehicle Manufacturers, Trailer Manufacturers, Trucks & Trailer Lease Providers, Freight Service Providers and Others
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