Global Scissor Lift Market Expands with Electric Segment at a robust CAGR
The increasing global
scissor lift market is driven by construction and infrastructure development,
maintenance and facilities management during the forecast period 2024-2028.
According to TechSci
Research report, “Global Scissor
Lift Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, The Global Scissor Lift Market is experiencing robust
growth and evolving in response to various factors, making it a dynamic and
essential segment of the construction and industrial equipment industry. This
market is characterized by the manufacturing and rental of scissor lifts, which
are versatile lifting platforms widely used in construction, maintenance,
warehousing, and other sectors requiring safe and efficient elevated access
solutions. One of the primary drivers
of the Global Scissor Lift Market is the thriving construction and
infrastructure development sector. Rapid urbanization, population growth, and
infrastructure investments by governments worldwide have spurred an increase in
construction activities. Scissor lifts are indispensable tools in building
construction, maintenance, and renovation projects, offering safe and efficient
access to elevated areas. As the demand for new buildings, roads, bridges, and
other structures continues to rise, so does the need for scissor lifts to
support these projects. Maintenance and facilities
management represent another key driver for the scissor lift market. Various
industries, including commercial real estate, healthcare, retail, and
hospitality, rely on scissor lifts for routine maintenance tasks. These lifts
enable workers to access lighting fixtures, HVAC systems, and perform building
inspections safely. With the emphasis on the safety and longevity of assets,
the maintenance and facilities management sector continues to fuel the demand
for scissor lifts.
The e-commerce revolution
has had a significant impact on the Global Scissor Lift Market. E-commerce
companies require extensive warehousing and distribution facilities to manage
inventory efficiently. These facilities often have tall storage shelves, making
scissor lifts essential for tasks like order picking and inventory management.
As online shopping continues to grow, warehouses and distribution centers
require even more scissor lifts to meet the demands of rapid order fulfillment.
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Workplace safety remains a
top priority across industries, and scissor lifts play a pivotal role in
ensuring the safety of workers when performing tasks at elevated heights.
Scissor lifts are equipped with various safety features, including guardrails,
safety harness attachment points, and overload sensors. Manufacturers continue
to invest in advanced safety technologies, further driving the adoption of
scissor lifts as a safe and reliable access solution.
Furthermore, the rental
market for scissor lifts is experiencing substantial growth. Many businesses
prefer renting scissor lifts for their projects due to the flexibility it
offers. Rental companies provide a wide range of scissor lift types, sizes, and
power sources, allowing businesses to access the latest equipment without the
burden of ownership, maintenance, and storage costs. As the trend toward
renting equipment for specific projects continues, the demand for scissor lifts
in the rental market is expected to remain strong.
The global scissor lift
market is segmented into type, offering, power source, sales type, end-user application,
and region. Based on type, the market is segmented into electric, engine
powered. Based on platform height, the market is segmented into below 10
meters, 10-20 meters, 20-25 meters, above 25 meters. Based on application, the
market is segmented into rental, construction & mining, government,
transportation & logistics, utility. Based on region, the market is further
bifurcated into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
Based on type, electric
segment dominated in the global scissor lift market in 2022. Electric scissor
lifts are characterized by their eco-friendly and quiet operation, making them
a popular choice in indoor environments, such as warehouses, manufacturing
facilities, retail stores, and office buildings. These lifts are powered by
rechargeable batteries, eliminating emissions and noise pollution, which is
essential for maintaining a conducive work environment. Electric scissor lifts
are well-regarded for their versatility, ability to navigate tight spaces, and
precise positioning capabilities, which are vital for tasks like stock picking,
maintenance, and installations. Additionally, electric scissor lifts are
preferred for tasks that require extended operation indoors. Their electric
power source ensures longer duty cycles, and with advancements in battery
technology, these lifts can operate for extended periods on a single charge.
The ability to work indoors without the need for ventilation systems or
emissions control measures adds to their appeal.
Key market players in the
global Scissor Lift market are: -
- JLG Industries, Inc. (Oshkosh Corporation)
- Terex Corporation
- Genie Industries, Inc. (Terex Corporation)
- Skyjack International Inc.
- Haulotte Group
- Manitou Group
- Zoomlion Heavy Industry Science and Technology Co., Ltd.
- Sinoboom Group Co., Ltd.
- XCMG Group Co., Ltd.
- Sany Group Co., Ltd.
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“The Global Scissor Lift
Market is a vital segment of the construction and industrial equipment
industry. It is driven by the construction and infrastructure development
sector, which demands safe and efficient access solutions. Maintenance and
facilities management across various industries further contribute to the
market's growth. Additionally, the e-commerce boom has increased the need for
scissor lifts in warehousing and distribution centers. Workplace safety
considerations are paramount, with scissor lifts being chosen for their secure
platforms at elevated heights. The rental market for scissor lifts is also
expanding rapidly as businesses seek cost-effective access to equipment.
Overall, the Global Scissor Lift Market remains dynamic and essential in
diverse industries.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Scissor Lift Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Electric, Engine Powered), By Platform Height (Below 10 Meters, 10-20
Meters, 20-25 Meters, Above 25 Meters), By Application (Rental, Construction
& Mining, Government, Transportation & Logistics, Utility), By Region,
and By Competition, 2018-2028,” has
evaluated the future growth potential of Global Scissor Lift Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Scissor Lift Market.
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