According to a new market report published by Lucintel, the future of the global scissor lift market looks promising with opportunities in the construction, manufacturing, logistics, automotive, and other segments. The global scissor lift market is expected to grow with a CAGR of 7% from 2021 to 2026. The major drivers for this market are increasing concerns regarding workplace safety, rising demand for building maintenance, and increasing accuracy and speed for material handling.
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In this market, hydraulic scissor lifts, pneumatic scissor lifts, mechanical scissor lifts, and electric scissor lifts are the major product types. On the basis of comprehensive research, Lucintel forecasts that electric scissor lifts will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to high fuel efficiency, productivity, and the availability of several electric models with various platform heights and load capabilities.
Within the global scissor lift market, the construction segment is expected to witness the highest growth over the forecast period due to increasing urbanization and industrialization across the globe, which are driving the population shift from rural areas to urban cities.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to increasing government and private sector investments in infrastructure development, increase in the number of commercial and residential constructions, deployment of costly mobile elevating work platform, and deployment of manufacturing and distribution networks.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising technological advancements and digitalization, rise in infrastructural projects, and construction of smart cities. Terex Corporation, Haulotte Group, Aichi Corporation, JLG Industries, Linamar Corporation, EdmoLift AB, MEC Aerial Work Platforms, Manitou Group, and Zoomlin Heavy Industry Science and Technology Co., Ltd. are among the major suppliers of the scissor lift market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global scissor lift market by product type, movement mechanism, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Scissor Lift Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global scissor lift market by product type, movement mechanism, application, and region, as follows:
By Product Type [Value ($ Million) from 2015 to 2026]:
Hydraulic Scissor Lifts
Pneumatic Scissor Lifts
Mechanical Scissor Lifts
Electric Scissor Lifts
By Movement Mechanism [Value ($ Million) from 2015 to 2026]:
Unpowered
Self-Propelled
Vehicle Mounted
By Application [Value ($ Million) from 2015 to 2026]:
Construction
Manufacturing
Logistics
Automotive
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.