About Lift Gate
Liftgate refers to an external structure mounted on the back or side of a truck or trailer of any size to support the loading/unloading of goods and items by removing the requirement of laborers or men to load/unload the items from the trailer. In other words, a liftgate 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 commercial vehicles, and increasing demand for lightweight lift gates are some of the key drivers aiding the growth of the liftgate market globally. The global liftgate market was estimated to reach an estimated value of USD 5.6 Billion in 2025.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 4.5% |
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. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Lift Gate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jinan DP Info Tech Co. Ltd. (China), Kitamura Manufacturing Co. Ltd. (Japan), DaikyoNishikawa (Japan), Ryder System, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lift Gate market by Type (Rail Lift, Cantilever and Truck-Under), Application (MCV and HCV) and Region.
On the basis of Type, Truck-Under are dominating the market in the year 2023 where as Cantilever stood as second largest market share.
On the basis of application, HCV segment is dominating the market in the year 2023 where as MCV segment stood as second largest market .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). Asia Pacific region held largest market share in the year 2023. If we see Market by Technology, the sub-segment i.e. Semi-Automatic will boost the Lift Gate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Lift Gate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. Stamping will boost the Lift Gate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing usage of lightweight materials in order to boost the fuel efficiency of transportation vehicles. and Increasing demand for retractable liftgates.
Market Growth Drivers:
Increasing production of trailers., Rising production of heavy transportation vehicles., Increasing demand for the lightweight liftgates. and Increasing demand to improve the logistics industry by providing on-time goods delivery services.
Challenges:
High fuel consumption due to the larger weight of metallic lift gates. and The high cost of sensor-based fully automatic lift gates.
Restraints:
Issues related to tie to low voltage.
Opportunities:
Growing transportation & logistics industry
Market Leaders and their expansionary development strategies
In August 2023, RISE Robotics Announces a Partnership with Anthony Liftgates to Debut a New Fluid-free, Electric Alternative to Hydraulic Cylinders in Liftgates. industrial technology company, will be announcing its partnership with Anthony Liftgates by demonstrating the breakthrough fluid-free RISECylinder inside an Anthony Liftgate at The Battery Show
In September 2023, Audi India launches limited edition Audi Q8. The Audi Q8 special edition will be offered in three colors: Mythos Black, Glacier White and Daytona Gray, with only limited inventory on sale. The Audi Q8 special edition is priced at INR 1,18,46,000 Ex-showroom.
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).
Analyst View
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 operator’s 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.