Scissor Lift Market Size : Global Industry Demand, Growth, share & Forecast 2024

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Scissor Lift Market Overview

Scissor lifts are vehicle mounted machines used to lift a person or any object to reach at very inaccessible places. Scissor lifts are (able to move only in vertical direction) a type of elevated platform machine. These lifts use links folded in a pantograph (crisscross ‘X’ pattern) pattern to achieve its mechanism. Further, the upward vertical motion is achieved by application of pressure on the outside of the lower supports. In addition to this, scissor lifts can be powered by pneumatic, hydraulic or mechanical systems and can perform accordingly. Scissor lifts have a very wide range of application include freight lifts, loading docks, aerospace industries and others.

Market Size & Forecast

The global scissor lift market is anticipated to flourish at a modest growth rate over the forecast period 2017-2024. Global scissor lifts market was valued at USD 670 Million at the end of year 2015 and is expected to behold positive growth over the forecast period. Emerging economics witnessing industrialization and urbanization are anticipated to foster the growth of scissor lift market.

Regionally, global scissor lifts market is segmented into five major regions comprise of North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific is anticipated to be the fastest growing market due to high construction activities in this region. China and India are the major contributors towards the growth of scissor lift market in Asia Pacific region. Rapid pace of growth in infrastructure and construction industry and maintenance of existing buildings is expected to increase the demand for scissor lifts in Asia Pacific region over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE

North America and Europe scissor lifts market is expected to witness sluggish growth over the forecast period. North America and Europe region have reached to saturation level and anticipated to grow positively but at very slow rate over the forecast period. Latin America and Middle East & Africa regions are expected to witness a satisfactory growth during forecast period.

Market Segmentation

Our-in depth analysis of the global scissor lifts market includes the following segments:

By Product

Hydraulic Scissor Lifts
Pneumatic Scissor Lifts
Mechanical Scissor Lifts
Electric Scissor Lifts

By Movement Mechanism

Unpowered
Self-propelled
Vehicle Mounted

By End User

Construction Industry
Oil & Gas Industry
Mining Industry
Aerospace
Shipping and Port Building
Automotive Industry
Others

By Region

Global scissor lifts market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Global scissor lifts market is driven by rapid expansion of infrastructure and building construction across the globe. Further, development of new telecommunication tower and rising need for scissor lifts in industries such as aerospace, railway, mining industries are some of the major factors driving the growth of global scissor lifts market.

Wide range of application of scissor lifts in various industries is a major growth driver of global scissor lifts market. Further, technological advancement with scissor lifts to make it more applicable in industries is also driving the growth of global scissor lifts market and expected to escalate the demand in near future. In addition to this, economic growth in emerging countries, increasing investment in construction and government initiatives for the enhancement of infrastructure in developing countries are some of the major factors escalating the demand for scissor lift.

However, the major factors restraining the growth of global scissor lifts market is high cost of new equipment which restricts the end user to maintain the existing lifts and do not invest in new equipment.

Key Players