Scissor Lift Market Forecasts to 2028 – Global Analysis By Height (Below 10 m, 10 -20m), Mechanism (Vehicle Mounted, Unpowered), Power Source (Mechanical, Diesel), End User (Mining, Rental, Retail, Storage) and By Geography
According to Stratistics MRC, the Global Scissor Lift Market is accounted for $21.38 billion in 2020 and is expected to reach $41.05 billion by 2028 growing at a CAGR of 8.5% during the forecast period. Growing demand for constructions, growing urban population, and increasing focus on the infrastructural development are driving the market growth. However, high cost of new equipments is hampering the growth of the market.
Scissor lift is a machine used to move personnel and equipment in a vertical direction. They provide ease to operators for completing jobs faster and in a more secured manner. Usually the scissor lifts are mounted on vehicles or a flat back as a self-drive to the vehicle providing mobility and helps to stabilize the unit.
Based on the platform height, the below 10 meters segment is going to have lucrative growth during the forecast period as these models are mostly narrow and ideal for fitting in tight spaces. Eventhough their severe height is a limitation these models are often used in accessing ceilings and ductwork inside buildings. In addition, they are used in washing or repairing windows and other maintenance work.
By geography, Asia pacific is going to have high growth during the forecast period due to the rising trends of a scissor lift in various industries in the region such as construction and existence of many key players drives market growth in the region.
Some of the key players profiled in the Scissor Lift Market include Terex Corporation, Tadano Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Sany Heavy Industry Co., Ltd, Altech Industries, XCMG Construction Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Toyota Industries Corp, Econo Lift, Ltd., Titan Worldwide, Inc. and Aichi Corp.
Estimated Market Size in 2020:
USD 21.38 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 41.05 billion
Tables, Graphs& Figures
Engine, Platform Height, Movement, Mechanism, Power Source, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Electric Scissor Lift
• Engine Powered Lift
Platform Heights Covered:
• Below 10 Meters
• 10 to 20 Meters
• 20 to 25 Meters
• Above 25 Meters
• Stationary or Fixed Scissor Lifts
• Mobile Scissor Lifts
• Marine Scissor Lifts
• Vehicle Mounted
Power Sources Covered:
• Mechanical Scissor Lift
• Hydraulic Scissor Lift
• Diesel Scissor Lift
• Pneumatic Scissor Lift
End Users Covered:
• Shipping & Port Building
• Construction & Building
• Transport & Logistics
• Manufacturing & Processing
• Oil & Gas
• Retail, Storage, and Warehouses
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Scissor Lift Market is majorly driven by growing demand for constructions, growing urban population, and increasing focus on the infrastructural development.
The below 10 meters segment is growing at a highest CAGR as these models are mostly narrow and ideal for fitting in tight spaces.
North America dominated with a significant market share due to increasing implementation of new aerial standards and increasing safety and development of various industries in the region.
Asia Pacific market is growing at a highest CAGR due to rising trends of a scissor lift in various industries in the region such as construction and existence of many key players drives market growth in the region.
Key players in Scissor Lift Market include Terex Corporation, Tadano Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Sany Heavy Industry Co., Ltd, Altech Industries, XCMG Construction Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Toyota Industries Corp, Econo Lift, Ltd., Titan Worldwide, Inc. and Aichi Corp.
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