Dock Levelers Market

A dock leveler is an equipment that is used to bridge gap between the loading vehicle and the dock or warehouse floor. A dock leveler has a metal plate which is called a lip which can be either hinged or telescopic. They are operated either hydraulically or manually. It is extensively used in warehouse where loading and unloading work is done. It has become crucial to deploy logistical solutions such as dock leveler due to rise in emphasis on e-commerce. They make the loading process of various items quicker and easier into various transportation vehicles. Ensuring speedy delivery of products along with safe transportation or movement of goods is of utmost importance for the e-commerce industry besides the quality of the product. Therefore, loading equipment such as dock levelers is required for the efficient working of logistic services.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of dock levelers attributed to the lockdown in countries worldwide this has hampered the growth of dock levelers from the last few months and is likely to grow in 2021.
• COVID -19 has already affected the sales of dock levelers in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• The major demand for dock levelers was previously noticed from countries including the US Germany Italy UK and China which are negatively affected by the spread of the coronavirus thereby declining the demand for dock levelers.
• Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves dock levelers manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID -19 health crisis.
• Dock levelers manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID -19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

The logistics sector grows in line with the expansion of the e-commerce sector and the surge in the B2C e-commerce sector is increasing demand for robust logistic systems and warehouses.

Dock levelers are being adopted in almost all warehouses to increase the productivity level and fulfill all online orders faster. This is anticipated to surge the growth of the dock levelers market. The online shopping trend is increasing with the rise in the integration of the internet in emerging nations in the Asia-Pacific region. Disposable income and the standard of living of consumers is also on a rise. Hence, the e-commerce sector is boosting and ultimately fueling the growth of the dock levelers market. The hydraulic type dock levelers market will boost. Dock levelers are used in seaports due to the enhanced durability of the hydraulic levelers in the high-use environment and as they are typically safe at high volume and congested traffic conditions. The use of dock levelers in this region is anticipated to increase due to the expansion of sea trade and port activities in Europe.

High costs of deployment of dock levelers and low rate of replacement of levelers as a single dock leveler has approximately 15 years of durability may restrain the market growth.

Market trends

• Europe is projected to witness growth in the dock levelers market due to increased sea trade and port activities.

There is surge in temperature controlled warehouses due to strict regulations regarding the storage and safety of medicines, foods, and beverages in Europe, which boosts the market growth.

• The expansion of the e-commerce sector and the rise in need for more warehouses foster the demand for dock levelers across the world, especially in Mexico.

Key Benefits of the Report

• This study presents the analytical depiction of the dock levelers along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dock levelers market share.
• The current market is quantitatively analyzed to highlight the dock levelers market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed dock levelers market analysis based on competitive intensity and how the competition will take shape in coming years

 Dock Levelers Market Report Highlights