Press release
Scissor Lifts Market value of ~US$ 4.5 Bn by 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.Get | Download Sample Copy with Graphs & List of Figures:
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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
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Companies operating in the scissor lifts market are shifting focus to developing countries to capitalize on growth opportunities in ASEAN, China, India, and Russia, and other countries. Besides this, they have been focusing on improving their offerings to gain better traction. For instance, Oshkosh Corporation modified its ES (electric scissor) and RT (rough terrain) scissor lift lines in 2015. Furthermore in the same year, the company launched 53-foot rough-terrain scissor lift.
Several companies that specialize in low-weight machines are focusing on innovations to improve safety with the inclusion of several innovative features, such as crush-protection sustainable involuntary operation prevention systems, sensitive hybrid power systems, etc. For instance, Palfinger AG developed a new control unit for self-propelled scissor lift platforms for the Chinese market. These lifts improved safety considerably.
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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.
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