Global Tail Lift Market 2018-2022 | Development of Ergonomic Exoskeletons to Drive Growth | Technavio
LONDON--(BUSINESS WIRE)--Dec 5, 2018--The global tail lift market research report by predicts the market to post a CAGR of more than 13% during the period 2018-2022.
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Technavio has released a new market research report on the global tail lift market for the period 2018-2022. (Graphic: Business Wire)
A key driver for the global tail lift market is the growth of the retail industry. The rapid urbanization, increasing household incomes, and the rising demand for fast moving consumers goods have been driving the growth of the retail industry. The investments in the retail industry are also increasing. For instance, the Blackstone Group announced investments through its subsidiary Nexus Mall in India in March 2018. The growth of the retail industry will increase logistical activities, which will further drive the demand for tail lifts.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the development of ergonomic exoskeletons for workers as one of the key trends in the global tail lift market:
Global tail lift market: Development of ergonomic exoskeletons for workers
Heavy goods are often handled manually by workers during logistics operations. Health issues and injuries can be caused to workers owing to the prolonged manual handling of heavy loads. There have been many innovations to reduce the effort of workers. For instance, in 2017, Laevo developed an exoskeleton system based on spring support systems to enhance material handling capacity and operability.
“Companies such as Ekso Bionics and SuitX offer exoskeletons to enhance material and goods handling. Exoskeleton technologies are also being developed by companies such as General Motors, Hyundai, and Panasonic. During the forecast period, the use of such technologies in warehouses is expected to increase,” says a senior research analyst at Technavio.
Global tail lift market: Segmentation analysis
This tail lift market analysis report segments the market by product (cantilever lifts, slider tail lifts, tuck away lifts, and column lifts) and by geography (the Americas, APAC, and EMEA).
The cantilever lifts segment held the largest tail lift market share in 2017, accounting for nearly 39% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The EMEA region led the market in 2017 with approximately 55% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT TRANSPORT TRUCKING MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE MANUFACTURING ENGINEERING STEEL RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER RETAIL
SOURCE: Technavio Research
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PUB: 12/05/2018 10:09 AM/DISC: 12/05/2018 10:08 AM