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 2037. 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 2037. 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
