Scissor Lift Market Share, Size, Growth Analysis and Forecasts by 2025- JLG Industries, Aichi, Haulotte Group, Linamar, MEC Aerial Work Platforms, Galmon

The scissor lifts are made to move equipment or an individual in a vertical direction. These lifts are mainly used at the locations where normally scaffolding or a ladder would get used, however owing to safety concerns the manufacturing and construction industries are shifting to the adoption of scissor lifts. These lifts not only provide a secure platform for operation but also enables faster and optimized functioning of jobs. Considerable acceleration in the construction and infrastructural growth for snowballing urban population, majorly in developing economies contribute to the construction and retrofit market both. Thus the growth of construction at a significantly higher pace is expected to raise the demand for scissor lifts and are expected to moderately impact scissor lift market throughout the forecast period.

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The key companies profiled in this report include Terex Corporation, JLG Industries, Aichi Corporation, Haulotte Group, Linamar Corporation, MEC Aerial Work Platforms, Galmon (S) Pte Ltd, Wiese USA, EdmoLift AB, and Advance Lifts, Inc.

The global scissor lift market has been segmented based on movement type, i.e., mobile scissor lift and fixed scissor lift. The mobile scissor lifts have widely gained popularity owing to their ability to accommodating the flexible production lines. Further, the mobile lifts are demanded more in the applications involving mobility within the space and transportation of loads where the assembly lines are required to be frequently reconfigured.

In the coming years, new ANSI standards are expected to get implemented, which will affect North America, specifically for scissor lift market. These changes are expected to take place owing to more stringent testing under the new ANSI 92.20 guidelines for manufacturers. Therefore, technical advances coming to scissor lifts in the near future would include active load sensing systems. The load sensing devices on MEWPs will disable the normal elevating functions of the machine and sound/flash an alarm when the MEWP is overloaded. This adjustment to North American equipment comes on the cusp of incoming ANSI standards, but this specific adjustment has been active in international markets for nearly a decade.

Key findings of the study:

Europe is anticipated to account the largest market share of the scissor lift market and is expected to register a CAGR of 4.3%

Based on the movement type, the mobile scissor lift segment is expected to witness high year on year growth during the forecast period

Countries such as China, Brazil, and India are witnessing high demand for scissor lift due to the increasing construction activities and government projects.

Asia-Pacific holds the second largest market share. The large role played by the governments of different countries based in the APAC region for supporting the infrastructure development is positively impacting the market. Further, the Building and Construction Authority (BCA) of Singapore expects that the construction projects in Singapore during the year 2018 has reached around US$ 26.31 Bn. The constant development and rising need for housing in the region are further expected to influence the scissor lift equipment market during the forecast period.

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The scissor lifts provide numerous benefits to their end-users, and some of these include ease of operation and compact storage. Unlike mobile scaffoldings and ladders, scissor lofts are extremely easy to move to different spaces.

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