Scissor Lifts Market Exhibiting 3.5% CAGR Between 2021 - 2031

Global scissor lifts market to grow at 3.5% CAGR through 2030.Scissor lift is an access equipment which falls under the category of aerial work platforms and is used for safe and efficient elevated material handling across various industries.

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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 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

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By segment:
Platform Height
• Up to 30'
• 30' - 50'
• More than 50'
Ownership
• AWP Rental Service Providers
• End-Use Industries
o Construction
o Entertainment
o Commercial
o Manufacturing
o Others
Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• SEA
• MEA

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.

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Competitive Analysis:
Some of the leading companies operating in the scissor lifts market are 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.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

This release was published on openPR.