Scissor Lift Market Size & Share, by Engine (Electric, Engine-Powered); Lift Height (Less Than 10 M, 10 to 20 M, More Than 20 M); Product Type (Hydraulic, Mechanical, Pneumatic); Movement Type (Mobile, Fixed); End-user (Warehouse, Manufacturing, Construction) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4759
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Scissor Lift Market size is expected to cross USD 6 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of scissor lift was around USD 3 Billion. An increasing number of internet consumers and an increased number of e-commerce platforms can be considered the reason for market growth. In turn, as a result of the expansion of e-commerce, demand for scissor lifts to be used in warehouses is also likely to increase due to the increasing number of logistics companies, courier services, and internet transport marketplaces. In 2025 it is estimated that there will be about three billion online shoppers.

Other factors that are said to be a factor leading to the growth of the scissor lift market include increased use among construction workers. Bridges and massive buildings have made the need for hydraulic systems even more pressing. A seasonally adjusted annual rate of USD 1,825 billion is anticipated for construction spending in January 2023 in the United States, according to data from the U.S. Census Bureau. It is anticipated that the expanding construction sector would boost demand for scissor lifts.


Scissor Lift Market
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Scissor Lift Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 8%

Base Year Market Size (2022)

 ~ USD 3 Billion

Forecast Year Market Size (2035)

 ~ USD 6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Scissor Lift Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • New Scissor Lift Innovation- They have been able to move upwards by over 1.5 degrees due to the advent of a variable angle technology in their scissor lifts. Variable lifts allow operators to have more flexibility at the operation site because they are capable of raising scissor lifts with tilt technology on slide slopes as high as 3 degrees.
  • Increasing Use of Automatic Machinery- A number of promising market opportunities are expected to arise as a result of the increasing popularity and adoption of warehouse automation coupled with robotic technology. There are now 2.7 million industrial robots operating in businesses all over the world, an increase of 12% compared to last year, thanks to the latest World Robotics 2020 study published by the International Federation of Robotic Industries. In total, approximately 373,000 units have been delivered worldwide as of 2019.
  • Rise in Retail and Manufacturing Facilities- Scissor lifts are used in all industrial sectors to perform a variety of tasks, such as variable height working stations, machine feeds, and outside feeding or both internal and external level fluctuations. According to estimates, by 2019 there will be 10 million factories in the world.

Challenges

  • Requirement for Routine Maintenance- Maintenance and nearly daily checks are required on scissor lifts. Ensuring that the machinery is operated in an orderly way and ensuring workers' safety are of paramount importance. By giving workers training in operation, and inspecting machines before each use, it is possible for companies to limit the risk of accidents. Market growth is likely to be hampered by the costs of training staff and daily maintenance.
  •  High Scissor Lift Investment Cost
  • Tough Regulations for New Product Development


Scissor Lift Segmentation

Industry (Warehouse, Manufacturing, Construction)

The construction segment is estimated to hold 38% share of the global scissor lift market in the year 2035. The increasing construction of high-rise buildings is also a factor contributing to this segment's growth. A scissor lift, which provides a safe, solid barrier and a rising platform, allows personnel to carry out precise operations at high altitudes, from close inspections to cable connections. In India, Mumbai is the country's most densely populated city with nearly 200 skyscrapers and close to 12,000 buildings in high-rise construction.

Product Type (Hydraulic, Mechanical, Pneumatic)

The hydraulic segment in the scissor lift market is expected to hold 45% of the revenue share in the year 2035. A hydraulic scissor lift is a convenient solution if anyone needs to lift something heavy, as it is reasonably simple to use and doesn’t require much training from users. It can be easily used in factories and warehouses, without any additional expenditure on the training of the workers.

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

   Engine

  • Electric
  • Engine-Powered

   Lift Height

  • Less Than 10 M
  • 10 to 20 M
  • More Than 20 M

   Product Type

  • Hydraulic
  • Mechanical
  • Pneumatic

   Movement Type

  • Mobile
  • Fixed

   Industry

  • Warehouse
  • Manufacturing
  • Construction

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Scissor Lift Industry - Regional Synopsis

North American Market Forecast

The North America region is poised to be the largest with a share of about 37% by the end of 2035. The increase in online shopping trends is primarily to blame for market growth, which will probably lead to a boom in the logistics sector as regards home deliveries. In the United States, 70% of all purchases are made online. In the US in total, by 2022 there will be 268 million online shoppers and this figure is projected to grow to 285 million between 2025 and 2025. Moreover, the market growth in North America is being driven by an increasing construction industry in the United States. The number of US building permits rose by about 14 % to around 2 million at an adjusted annual rate between February and March 2023.

APAC Market Statistics

The Asia Pacific region is estimated to be the second largest, registering a share of about 31% by the end of 2035. Increasing production capacity in this region is a major factor behind the market's growth. In India, there were around 240,000 manufacturing units in which production has been increasing and is expected to reach approximately 250,000 by 2020. However, market growth is also set to be driven by an increase in the number of online shoppers. It is no surprise to see so many digital customers there, given that China is the most populous country in the world and a number of major e-commerce companies are located within its borders

Research Nester
Scissor Lift Market Size
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Companies Dominating the Scissor Lift Landscape

top-features-companies
    • Terex Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AICHI CORPORATION
    • DINOLIFT OY
    • HAULOTTE GROUP
    • Holland Lift International
    • Sinoboom Intelligent Equipment Co., Ltd.
    • JLG Industries, Inc.
    • Manitou Group
    • Skyjack Inc.
    • SNORKEL

In-the-news

In The News

  • Snorkel Inc., announces the launch of 3 compact electric-driven slab scissor lifts. The lifts were introduced at the ConExpo 2023 show in Las Vegas. The S3013 Mini, S3219 Plus, and S3220 Mini are a few of the new variants. These three new electric-drive scissor lifts from Snorkel are versatile enough to help with both indoor and outdoor projects and can be used in confined places with a smaller platform.
  • Dinoloft OY announced the collaboration with CPL by appointing it as its new distributor in the region of the United Kingdom. In the UK, CPL will be in charge of sales and cutomer support for DINO spiders, DINO lightweight 44, and DINO trailer-mounted MEWPs.

Author Credits:  Mohd Shadab, Yashika Karodiwal


  • Report ID: 4759
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of automated machinery, rising use of scissor life in various sectors, such as construction, transportation & logistics, and others are the major factors driving the market growth.

The market size of scissor lift is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.

The major players in the market are Terex Corporation, AICHI CORPORATION, DINOLIFT OY, HAULOTTE GROUP, Holland Lift international, Sinoboom Intelligent Equipment Co., Ltd, Snorkel, and others.

The construction segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Scissor Lift Market Report Scope
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