Scissor Lift Market By Product Type (Electric, Diesel, Hydraulic, Pneumatic), By Movement Mechanism (Unpowered, Self-Propelled, Vehicle Mounted), By Application (Construction, Manufacturing, Logistics, Automotive, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Overall growth in the construction and aerial work platform (AWP) industry globally to drive the scissor lift market

The scissor lift market is poised to reach US$ 2.5 Bn by 2027, expanding at a CAGR of 5.6% during an estimated timeframe from 2019 to 2027 on a global scale. Rising urban and rural infrastructure, strict adherence to human safety, stringent government regulation and labor laws, compact manoeuvrability is expected to drive the market for global scissor lift. High capital and maintenance cost, lack of machine-specific training to operators, technological unawareness and safety consideration towards lift equipment are few factors that may hinder the market growth of scissor lift.

Market Synopsis

Scissor Lift Market

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Increasing demand for electric scissor lift to drive growth prospects

Increasing applications of electric scissor lifts in warehouse, manufacturing hub, automobile industry and many more resulted in increased demand The advanced control system, stable lifting and flexible operation with strong loading capacity, load sensing coupled with dual-zone control will drive the overall expansion of  electric scissor lifts market globally. For instance, Snorkel launched a new generation of electric slab scissor lifts “S3019E” equipped with both electric drive and electric steer, thereby eliminating the risk of hydraulic leaks. Additionally, Zoomlion Heavy Industry Science & Technology Co (Zoomlion) launched six scissor lift platforms in its electric hydraulic, electric and lithium battery-powered lines.

Compact maneuverability, convenient operation, enhanced productivity, electro-hydraulic drive and compatibility with limited workspace expected to drive the demand for electric scissor lift. For instance, Genie’s electric model GS™-2669 DC, GS™-3369 DC and GS™-4069 DC scissor lifts offer emission free performance, along with less maintenance cost. Moreover, introduction of 3D CAD/CAM technology for a precise customization, modification and enhanced loading capacity expected to expand the demand for electric scissor lifts in the near future.

Scissor Lift Market

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North America to Dominate, Europe to Witness Strong Growth

North America continues to hold the largest market for global scissor lift throughout the foreseeable period, followed by Europe. Stringent government regulations towards environment-friendly and self/battery driven aerial work platforms in the U.S. and Europe are expected to boost the market growth. In addition, introduction of new ANSI A92 and CSA B354 standards in the U.S. and the U.K. makes manufacturer to build ANSI and CSA complaints scissor lift, thereby increasing the demand in near future.

North America generated more than 40% market share in the global scissor lift market. Increase in the number of commercial and residential constructions, deployment of costly mobile elevating work platform (MEWP) and development of manufacturing and distribution networks will further spur revenue growth in the U.S. market.

Scissor Lift Market

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Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include Terex Corporation, TADANO LTD., Zoomlion Heavy Industry Sci & Tch Co Ltd, Edmolift AB, Linamar Corporation, Aichi Corp, JLG Industries, J C Bamford Excavators Ltd, Galmon (Singapore), Snorkel, PB Lifttechnik GmbH and Haulotte Group SA among others.

Scissor Lift Market

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study on scissor lift market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global scissor lift market based on its product type, movement mechanism, application and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product Type Segment (2017–2027; US$ Bn)
 • Electric
 • Diesel
 • Hydraulic
 • Pneumatic

 Movement Mechanism Segment (2017–2027; US$ Bn)
 • Unpowered
 • Self-Propelled
 • Vehicle Mounted

 Application Segment (2017-2027: US$ Bn)
 • Construction
 • Manufacturing
 • Logistics
 • Automotive
 • Others (Oil and Gas, Aerospace, Marine)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the global scissor lift market size in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional scissor lift market?
  • Which application has the largest penetration of scissor lift and related facilities?
  • Which are the predominant trends shaping the global scissor lift market?
  • Which is the most promising, attractive, and less-explored product type segment in the global scissor lift market?
  • Who are the leading manufacturers in the global scissor lift market?
  • What are the premiere strategies adopted by the leading players in the global scissor lift market?
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Published Date:  Nov 2019
Category:  Automotive & Transportation
Report ID:   60074
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
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