The global scissor lifts market is expected to grow at a 3.5% CAGR until 2031. Scissor lifts are an aerial work platform access equipment that is used for safe and effective elevated material handling in a variety of industries.
The global scissor lifts market is undergoing substantial transformation as it shifts from mature, saturated markets such as North America and Western Europe to growing economies such as China, ASEAN, and other South East Asia & Pacific countries. The thriving construction industry in developing countries is a primary driver of this expansion.
Future Market Insights (FMI), an ESOMAR-certified market research and consultancy business, gives insights into key drivers driving demand for scissor lifts in its new study. The research tracks global scissor lift sales in 20+ high-growth markets, as well as the influence of COVID-19 on the end-use industry in general, and scissor lifts in particular.
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With rental companies playing a pivotal role in the scissor lifts market, organization in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.
Key Takeaways from Scissor Lifts Market Study
- Scissor lift market will expand at a steady pace, exhibiting 3.5% CAGR between 2021 and 2031
- The U.S. is expected to account for over 40% sales of scissor lifts
- U.K. will remain 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
“In addition to keeping long-term alliance with their key buyers, companies are offering training courses for operators and focusing on expanding their product range by including electric, hybrid or bi-energy scissor lifts to cater the growing demand for aerial work platforms across the world” said a lead FMI analyst.
What’s the Future Outlook?
Growing shift towards hybrid lift development which help rental fleet owners to leverage the flexibility of scissor lift performance for higher utilization and longer term rentals is set to be remain as 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 competitive edge.
For instance, Haulotte announced launching two new mobile elevating work platforms that have fully electric architecture to offer excellent performance, while reinforcing direction taken by the company towards environmentally friendly alternative energies.
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Scissor Lifts Market 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
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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