Global Scissor Lift market is estimated to reach $3.8 billion in 2027, by growing at a CAGR of 6.1% during the forecast period (2021-2027). Increasing usage of scissor lifts in building and construction vertical due to risk at work, height, and structural design complications are anticipated to play an integral role in scissor lifts market expansion. The use of these machines is increasing for maintenance and repairs of disaster management, high tension power lines, and military sectors, which will propel the demand for scissor lifts. Besides, event management and warehouse management are anticipated to emerge as a lucrative application sector for the global scissor lifts industry. Moreover, ease of maneuverability and inclusion of security features are a few of the key facets predicted to drive demand during the forecast period.
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Electrical Drive Scissor Lifts to Witness Potential Growth During the Forecast Period
Electric scissor lifts are regarded as eco-friendly, with no hazardous emissions or low noise levels, and some electric models are equipped with non-marking tires. They are available in a range of sizes which allow opting for the appropriate lift for the specific project. These kinds of scissor lifts are ideal for movement over solid or smooth slab work surfaces. Additionally, electric scissor lifts have different features which include off-slab motility and a platform extension. The platform extension of the electric scissor lift carrying an additional load capacity of 250 lbs. This makes it suitable for carrying more heavier loads. Additionally, increasing launches of new electrical scissors are further anticipated to leverage market growth.
Scope of the Global Scissor Lift Market
Market Coverage
- Market number available – 2021-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Power source and Application
- Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
- Competitive Landscape-Titan Worldwide Inc., Toyota Industries Corp, WIESE Inc., Custom Equipment LLC, Youngman India Pvt Ltd, Superlift Material Handling Inc., Econo Lift Ltd, and All-Rite Group of companies.
Recent Strategic Initiatives in the Global Scissor Lift Market
- In March 2020, JLG Industries, Inc., an Oshkosh Corp. company, declared the launch of its first all-electric Davinci scissor lift, the AE1932. It is the first lift in a new category of all-electric lifts for JLG known as the Davinci series that could be modified and combined in different ways to advance technology. The AE1932 is representative of this approach, boasting fully optimized components that allow it to be powered with a single lithium-ion battery and no compromise to performance. It is suitable for big box stores, data centers, museums, hotels, casinos, and other urban spaces. It has a minimal environmental impact with zero emissions which results in clean, quiet operation.
- In March 2019, Genie declared the launch of the electric GS-4655 scissor lift. It is an eco-friendly model that is available in a compact, lightweight package and is equipped with the latest generation of fully sealed AC electric drive motors. This new model was announced to be available globally in Q3 2019. It offers a maximum indoor working height of 52 ft., maximum outdoor working height of 34’6”, and horizontal outreach of 4 ft. with a fully rolled-out deck extension. Key applications for this new model include narrow aisle warehouses, electrical installation, and facilities maintenance tasks, as well as demanding tilt-up and heavy-duty construction job sites.
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Global Scissor Lift Market-Segmentation
By Power source
- Hydraulic Scissor Lift
- Electrical and Diesel Scissor Lift
- Pneumatic Scissor Lift
By Application
- Construction & Building Maintenance
- Manufacturing & Retail
- Automotive
- Warehousing
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
