Scissor Lift Market: Industry Potential, Regional Trends & Forecast 2021 - 2026
Asia Pacific region is observing a tremendous growth in scissor lift market owing to proliferating construction activities in the countries such as China, India and Japan. Further, rapid industrialization has also marked significant contributions in the market expansion. In China, renting of scissor lifts has become a most viable option considering the rising labor cost in the country. Besides, lack of skilled labor and rising demand for workers’ safety has accelerated the need for powered access platform and aerial work.
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Meanwhile, Japan is also poised to stand tall in scissor lift market on account of superior telecommunication infrastructure and strong presence of prominent players namely Skyjack, Tadano, JLG Corporation, etc.
Referring to Europe and North America, the regions have registered a notable rise in the adoption of scissor lifts as a result of elevating demand for repair and building maintenance activities.
The global scissor lift market is projected to grow at an exponential rate due to the increasing concerns regarding workplace safety and the implementation of strict worker safety laws across the globe. Scissor lifts provide improved safety while lifting heavy loads and workers to big heights due to their integrated safety railings. The increasing need for building maintenance as well as repair activities is forecast to complement the overall market outlook over the coming years.
In addition, technological advancements and new product launches with innovative features for greater convenience and safety would impel scissor lift adoption over the coming timeframe. Taking February 2019 for instance, Genie Lift reportedly launched Genie GS-1330m, its new compact electric scissor lift. This platform offers a lift capacity of over 500 pounds and a working height of approximately 18.8 feet. It is also integrated with Genie Smart Link system for advanced control. The scissor lift market is likely to exceed a valuation of $3 billion by the end of 2026.
The increasing demand for high productivity and fuel efficiency, which is offered by electric-powered scissor lifts, is expected to drive the use of electric scissor lifts over the coming years. The product offers maximum cost savings as it effectively eliminates the immense fuel as well as maintenance costs associated with conventional lifts.
In addition, the availability of various electric lift models with a number of different load and platform height capabilities is likely to further add up to the electric scissor lift segment growth, thereby propelling the overall market size.
The above 25 meters platform height segment is anticipated to register remunerative gains over the forthcoming time period due to an increasing demand for the equipment from the construction sector. Expanding commercial sector and the subsequent rise in investments towards the development of high-rise buildings is expected to further complementing the product adoption.
Additionally, owing to their lifting capacities, these platforms are also frequently used to for maintenance activities in high rise buildings, which should further foster the product adoption rate over the coming years.
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Some Point from Table of Contents:
Chapter 6. Scissor Lift Market, By Platform Height (Revenue & Shipment)
6.1. Key trends by platform height
6.2. Below 10 Meters
6.2.1. Market estimates and forecast, 2015 – 2026
6.3. 10 to 20 Meters
6.3.1. Market estimates and forecast, 2015 – 2026
6.4. 20 to 25 Meters
6.4.1. Market estimates and forecast, 2015 – 2026
6.5. Above 25 Meters
6.5.1. Market estimates and forecast, 2015 – 2026
Chapter 7. Scissor Lift Market, By Application (Revenue & Shipment)
7.1. Key trends by application
7.2. Rental
7.2.1. Market estimates and forecast, 2015 – 2026
7.3. Construction & mining
7.3.1. Market estimates and forecast, 2015 – 2026
7.4. Government
7.4.1. Market estimates and forecast, 2015 – 2026
7.5. Transportation & logistics
7.5.1. Market estimates and forecast, 2015 – 2026
7.6. Utility
7.6.1. Market estimates and forecast, 2015 – 2026
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