From 2021 to 2028, the Global Scissor Lift Market is predicted to grow at a CAGR of 6.8%, from US$ 3,030 Million in 2020 to US$ 5,075 Million by 2028.

Scissor lifts are a common piece of material handling equipment in the construction and manufacturing industry, and they're utilized for a wide range of tasks. A carefully constructed and equipped scissor lift improves the quality of logistic infrastructure and the competitiveness of the facility. These scissor lifts, which come in a variety of sizes and options, are the best way to get goods up to a comfortable working height with the least amount of worker fatigue and physical strain. Scissor lifts and boom lifts are two types of construction lifts, although there are significant differences between them. While a scissor lift can only raise one worker at a time and only travels up and down, it is a more logical and cost-effective solution for jobs where height is not an issue.

Market Dynamics

An increasing number of construction activities across the world is the primary factor boosting the demand for the global scissor lift market. The construction business has a bright future, with plenty of chances in the industrial, residential, and commercial sectors. This is due to the rising population, which has resulted in increased home building and infrastructure. The scope of global construction continues to grow. Asia-Pacific is a key potential market where construction activities are booming. China is anticipated to overtake the United States as the world's largest construction market in the near future. According to the National Investment Promotion & Facilitation Agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Thus, the surge in construction activities will lead to numerous equipment demands eventually boosting the scissor lifts market.

Numerous advantages of scissor lifts over other lifting machines such as safety, productivity, flexibility, compact design, easy operations, etc., is one of the major factors propelling the industry growth. Scissor lifts can be moved quickly and safely from one location to another. These lifts are a great choice because they can be fully retracted and take up very little space. They are also available in several sizes and types, making them ideal for a variety of applications. However, high maintenance costs of these lifts may hinder the market from growing, but advancements in technology will also overcome this hindrance in coming years and save the recurring maintenance costs. Furthermore, a surge in digitalization and automation in construction sectors has created a boom for efficient technologies. This factor is likely to create growth opportunities for the market during the forecast period 2021 – 2028.

Market Insights

Engine type, lift height, end-user, and regions are the segmentations of the global scissor lift market. Among engine types, the market categorizes as engine powered lift and electric scissor lift. Electric scissor lift accounted for the majority of the share in 2020 and is likely to continue its trend throughout the forecast period 2021 – 2028. Electric scissor lifts offer numerous advantages over engine-powered lifts such as they can be used in indoor aerial works to access high storage rack, replace a light bulb, and work in a loading beam. In addition, they are less expensive to install, occupy less space, and unlike gas-powered lifts, they do not emit fumes. Thus, electric-based scissor lifts are witnessing a huge demand in the coming years.

Based on lift height, the market is split into less than 10 meters, 10 meters to 20 meters, and more than 20 meters. Currently, the less than 10 meters segment occupied the largest market share. The high growth in the segment is credited to its size compatibility, less expensive, and is ideal for application in cramped spaces. These types are also used in small indoor jobs and usually run on electricity.

The construction industry, retail storage & warehouse, transportation, and logistics are the categorization of the end-user segment. Among them, construction acquired a significant amount of share in 2020 due to increasing construction activities in emerging economies, the surging need for restoration of buildings in developed countries, and growing investments in new infrastructure. Furthermore, the retail storage & warehouse segment is likely to exhibit a lucrative growth rate during the forecast period from 2021 to 2028. The increasing e-commerce industry leading to rising adoption of on-demand warehousing and population growth that has led to rise the number of retail stores across the world are the factors that are driving the retail storage & warehouse segment.

Scissor Lift Market Regional Overview

North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa are the segmentation of the global scissor lift industry. Based on regional distribution, the North American region generated the maximum revenue in 2020. Increasing spending in infrastructure development and strict government regulations for workers' safety are the primary reasons for the growth in the North American region. For instance, OSHA and other organizations have set a number of guidelines that businesses must follow in order to safeguard workers from any potential hazards linked with scissor lifts. Meanwhile, the Asia-Pacific region is likely to register the quickest growth rate during the forecast period 2021 – 2028.

Global Scissor Lift Segment Analysis

Market By Engine Type

·         Electric Scissor Lift

·         Engine Powered Lift

Market By Lift Height

·         Less than 10 Meters

·         10 Meters to 20 Meters

·         More than 20 Meters

Market By End-User

·         Construction Industry

·         Retail Storage & Warehouse

·         Transportation

·         Logistics

Scissor Lift Market Competitive Landscape

This section of the report identifies the market's major players. Galmon, HAULOTTE GROUP, JLG Industries, KATO WORKS CO., LTD., MEC, Tadano Ltd., Tech Mech, Technosys Equipments Private Limited, Terex Corporation, and WIESE USA are the key companies mentioned in the research.

Scissor Lift Market Regional Overview

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         Germany

·         France

·         Spain

·         Rest of Europe

Latin America

·         Brazil

·         Mexico

·         Rest of Latin America

Asia-Pacific

·         China

·         Japan

·         India

·         Australia

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         GCC

·         South Africa

·         Rest of Middle East & Africa