Fact.MR, a leading research firm, opines that the overall sales of tail lifts was pegged at more than US$ 1,000 Mn in 2018 and the global tail lift market is likely to record a strong growth during the forecast period due to transformation in the transportation and logistics infrastructure across the developed as well as developing economies. In addition, increasing adoption of automation in tail lift market along with rise in international trade are among the key trends anticipated to amplify the overall sales of tail lift over the forecast period. Currently, East Asia holds the leading share in the global tail lift market owing to presence of better technologies and infrastructure. The region is likely to witness the similar trend during forecast years emphasized by the constant demand from commercial and industrial sectors. The rising urbanization and logistics industry in developing countries like, China, India, Mexico, Indonesia and South Korea are projected to augment the growth of the global tail lift market.
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