Through 2031, the Global Scissor Lifts Market is expected to grow at a 3.5% CAGR. Aerial work platforms, which include access tools such as scissor lifts, are used in a variety of industries for safe and efficient elevated material handling.

As a result of the shift from mature and saturated markets such as North America and Western Europe to emerging economies such as China, ASEAN, and various South East Asia Pacific countries, the global market for scissor lifts is undergoing significant transformation. The thriving construction industry in developing countries is one important factor supporting this expansion.

Take the first step towards enhanced performance and unmatched efficiency today! Request My FREE Sample Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6627

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors fuelling the demand for scissor lifts. The report tracks the global sales of scissor lifts in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the end-use industry in general, and scissor lifts in particular.

Surging construction activities will boost sales of scissor lifts. In a new study Future Market Insights (FMI) has projected the global market for scissor lifts to reach a market value of ~US$ 4.5 Billion by 2031.

With rental companies playing a pivotal role in the scissor lifts market, organizations in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.

While the growth projections for the scissor lifts market remain strong, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain in demand. Disruptions witnessed in manufacturing units and supply chain networks due to shutdowns in several countries are expected to affect the consumption of Scissor Lifts. However, the market is expected to recover in the year 2021.

The market will especially gain from the rising demand from AWP rental service providers. FMI has projected the segment to account for over 80% of the demand recorded in the market through the forecast period. Also increasing application in manufacturing, construction, commercial, and other sectors will continue aiding growth.

Key Takeaways :

The Scissor lift market will expand at a steady pace, exhibiting a 3.5% CAGR between 2021 and 2031 The U.S. is expected to account for over40% of sales of scissor lifts U.K. will remain a key market in Western Europe Germany and France will continue exhibiting high demand backed by rising construction activities Sales in Japan and South Korea to increase at a positive pace

What’s the Future Outlook?

The growing shift towards hybrid lift development which helps rental fleet owners leverage the flexibility of scissor lift performance for higher utilization and longer-term rentals are set to remain a prominent force in shaping the scissor lifts market.
Who is winning?

Some of the leading companies operating in the scissor lifts market are

Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, and Zhejiang Dingli Machinery Co, Ltd.

These companies are incorporating new environmental-conscious technologies. Along with this, they are fine-tuning their expansion strategies to gain a competitive edge.

For instance, Haulotte announced launching two new mobile elevating work platforms that have the fully electric architecture to offer excellent performance, while reinforcing the direction taken by the company towards environmentally friendly alternative energies.

Key Segments:

Platform Height

  • Up to 30'
  • 30' - 50'
  • More than 50'

Ownership

  • AWP Rental Service Providers
  • End-Use Industries
    • Construction
    • Entertainment
    • Commercial
    • Manufacturing
    • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • SEA
  • MEA