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, and compact manoeuvrability is expected to drive the market for a global scissor lift. However, high capital and maintenance costs, lack of machine-specific training for operators, technological unawareness, and safety considerations towards lift equipment are a few factors that may hinder the market growth of scissor lifts.

Market Synopsis

Increasing demand for electric scissor lifts to drive growth prospects.

Increasing applications of electric scissor lift in the 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 and load sensing coupled with dual-zone control will drive the overall expansion of the electric scissor lift market globally. For instance, Snorkel launched a new generation of electric slab scissor lifts, “S3019E,” equipped with an 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 are expected to drive the demand for an 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 and less maintenance cost. Moreover, the introduction of 3D CAD/CAM technology for precise customization, modification, and enhanced loading capacity is expected to expand the demand for electric scissor lifts in the near future.

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 toward environment-friendly and self/battery-driven aerial work platforms in the U.S. and Europe are expected to boost market growth. In addition, the introduction of new ANSI A92 and CSA B354 standards in the U.S. and the U.K. makes manufacturers build ANSI and CSA complaints scissor lifts, thereby increasing the demand in the near future.

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

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.

Historical & Forecast Period

This research study provides qualitative and 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 component and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study on the scissor lift market offers market size and forecasts based on market dynamics and predominant industry trends. In addition, the report provides an all-around view of the global scissor lift market based on its product type, movement mechanism, application, and geography.

Frequently Asked Questions:

The market for Scissor Lift is expected to reach US$ 2.5 Bn in 2027.

The Scissor Lift market is expected to see significant CAGR growth over the coming years, at 5.6%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

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 are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Automotive & Transportation
Report ID:   60074
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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