Rise In Construction Activities To Drive Market Growth Emerges as a Core Driver of the Scissor Lift Market in 2025

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What Is the Expected CAGR for the Scissor Lift Market Through 2025?
In recent times, the scissor lift market has shown robust growth. The market size, which stands at $3.54 billion in 2024, is expected to increase to $3.74 billion in 2025, showing a compound annual growth rate (CAGR) of 5.6%. The growth witnessed in the past period has factors like heightened focus on workplace safety, demand from the automotive industry, growth in logistics and distribution sector, expansion of healthcare facilities, and a shift towards green buildings fuelling it.

What's the Projected Size of the Global Scissor Lift Market by 2029?
The market size of the scissor lift is anticipated to experience significant growth in the upcoming years, reaching $4.67 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. Infrastructure development, a rise in workplace accidents, urbanization, vertical construction, renewable energy projects and integration of industry 4.0 are contributing factors to the projected growth in this period. In addition, the prediction period sees trends such as collaborative partnerships, prevalence in emerging markets, advancements in battery technology, remote access and control, and modular and customizable designs.

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Top Growth Drivers in the Scissor Lift Industry: What's Accelerating the Market?
The scissor lift market is projected to expand with the anticipated upturn in construction activities. Such activities encompass various processes, tasks, and operations inherent to the construction industry. Scissor lifts, with their unique machinery and platform, are typically utilized for several tasks that require operating at high elevations. They are ideal for transporting large loads and individuals to considerable heights. For example, construction expenditures during July 2024 were gauged at a seasonally adjusted annual rate of $2,162.7 billion, an increase of about 6.7 percent±1.8 percent from the $2,027.4 billion of July 2023, as reported by the United States Census Bureau, a government agency. In the same period, the construction expenses totaled $1,237.5 billion, an increase of 8.8 percent (±1.2 percent) compared to the $1,137.4 billion spent during the same timeframe in 2023. Hence, the upswing in construction operations continues to be a significant factor pushing the growth of the scissor lift market.

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What Trends Will Shape the Scissor Lift Market Through 2029 and Beyond?
Leading firms in the scissor lift market, such as JLG Industries, Inc., are creating innovative and tech-advanced solutions including mobile elevated work platforms (MEWPs) to boost safety, performance, and adaptability in different industrial operations. MEWPs, are portable devices that provide temporary elevated access to staff and equipment. These platforms are predominantly utilized in construction, maintenance, and other industrial applications to promote safety and efficiency when working at elevated heights. For example, JLG Industries, Inc., a US-based manufacturer, unveiled the ES4046 Electric Scissor Lift in February 2024. The ES4046 is especially useful in sensitive settings due to additional features like the CleanGuard leak containment system, enabling its use on delicate flooring without inflicting harm. The lift also has a 900-watt inverter choice, allowing on-site tool charging and thus increasing productivity during operations. In conclusion, the JLG ES4046 Electric Scissor Lift provides a blend of safety, efficiency, and flexibility for numerous elevated work tasks.

What Are the Main Segments in the Scissor Lift Market?
The scissor lift market covered in this report is segmented -

1) By Type: Hydraulic, Diesel, Electric, Pneumatic
2) By Engine: Electric Scissor Lifts, Engine-Powered Scissor Lifts
3) By Lift Height: Less Than 10 Meters, 10-20 Meters, More Than 20 Meters
4) By Distribution Channel: Direct Sales, Indirect Sales
5) By Application: Construction, Entertainment, Manufacturing, Other Applications

Subsegments:
1) By Hydraulic: Single-Stage Hydraulic Lifts, Multi-Stage Hydraulic Lifts
2) By Diesel: Rough Terrain Diesel Scissor Lifts, Indoor Diesel Scissor Lifts
3) By Electric: Indoor Electric Scissor Lifts, Outdoor Electric Scissor Lifts
4) By Pneumatic: Standard Pneumatic Scissor Lifts, Heavy-Duty Pneumatic Scissor Lifts

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Which Top Companies are Driving Growth in the Scissor Lift Market?
Major companies operating in the scissor lift market include Linamar Corporation, Corporation, Manitou BF, Palfinger AG, JLG Industries Inc., Genie Industries, Zhejiang Dingli Machinery Co. Ltd., Haulotte Group, Aichi Corporation, MEC Aerial Work Platforms, Niftylift Ltd., Ballymore Co., Bronto Skylift Inc., Snorkel Lifts, CTE Group, Advance Lifts Inc., Dinolift, Hunan Sinoboom Heavy Industries Co. Ltd., Custom Equipment LLC, CMC Lift srl, Falcon Lifts, Hunter Equipments, Palazzani Industrie SpA, Sky Autotech, Technosys Equipment Pvt. Ltd., Mass Lifts Solutions

Which Regions Will Dominate the Scissor Lift Market Through 2029?
North America was the largest region in the scissor lift market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the scissor lift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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