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Scissor Lift Market : Global Demand Analysis & Opportunity Outlook 2024

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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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.

scissor Lifts

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 SAMPLE REPORT

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

  • JCB
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • JLG Industries
  • Genie Lift 
  • Terex Corporation
  • Tadano Ltd.
  • Galmon
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.
  • Sany Heavy Industry Co. Ltd.
  • Altech Industries
  • Columbus Mckinnon Corporation
  • Furukava Unic Corporation
  • Kobelco Construction Machinery Co. Ltd.
  • Kato Works Co. Ltd.
  • XCMG Construction Machinery Co. Ltd.

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