Scissor Lift Market Global Analysis, Industry Demand And Forecast To 2026

By Ronak Bora

The size of scissor lift market was registered at USD 2 billion in the year 2019 and is anticipated to cross USD 3 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 8%, as per the research by Global Market Insights Inc.
The global scissor lift market is projected to grow at an exponential rate due to the increasing concerns regarding workplace safety and the implementation of strict worker safety laws across the globe. Scissor lifts provide improved safety while lifting heavy loads and workers to big heights due to their integrated safety railings. The increasing need for building maintenance as well as repair activities is forecast to complement the overall market outlook over the coming years.
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In addition, technological advancements and new product launches with innovative features for greater convenience and safety would impel scissor lift adoption over the coming timeframe. Taking February 2019 for instance, Genie Lift reportedly launched Genie GS-1330m, its new compact electric scissor lift. This platform offers a lift capacity of over 500 pounds and a working height of approximately 18.8 feet. It is also integrated with Genie Smart Link system for advanced control.
The increasing demand for high productivity and fuel efficiency, which is offered by electric-powered scissor lifts, is expected to drive the use of electric scissor lifts over the coming years. The product offers maximum cost savings as it effectively eliminates the immense fuel as well as maintenance costs associated with conventional lifts.
In addition, the availability of various electric lift models with a number of different load and platform height capabilities is likely to further add up to the electric scissor lift segment growth, thereby propelling the overall market size.
The scissor lift market from above 25 meters platform height segment is anticipated to register remunerative gains over the forthcoming time period due to an increasing demand for the equipment from the construction sector. Expanding commercial sector and the subsequent rise in investments towards the development of high-rise buildings is expected to further complementing the product adoption. Additionally, owing to their lifting capacities, these platforms are also frequently used to  for maintenance activities in high rise buildings, which should further foster the product adoption rate over the coming years.
Rapidly growing construction activities across APAC countries such as Japan, China, and India would augment the Asia Pacific scissor lift market share through the analysis period. Additionally, increasing industrialization across the region is expected to add up to the regional product sales numbers over the forthcoming timeframe. Meanwhile, steadily rising labor costs across China is also projected to boost the adoption of scissor lifts in the country.
Moreover, the limited availability of an effectively skilled workforce and an upsurge in the worker safety demands in India are bolstering the demand for aerial work as well as powered accessed platforms. Furthermore, the developed telecommunication infrastructure across Japan coupled with the strong presence of prominent industry players like Genie, Tadano, Skyjack, Aichi Corporation, and JLG should propel the Asia Pacific scissor lift market share through 2026.
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Some Point from Table of Contents:
Chapter 5. Scissor Lift Market, By Type (Revenue & Shipment)
5.1. Key trends by type
5.2. Electric
5.2.1. Market estimates and forecast, 2015 – 2026
5.3. Engine powered
5.3.1. Market estimates and forecast, 2015 – 2026
Chapter 6. Scissor Lift Market, By Platform Height (Revenue & Shipment)
6.1. Key trends by platform height
6.2. Below 10 Meters
6.2.1. Market estimates and forecast, 2015 – 2026
6.3. 10 to 20 Meters
6.3.1. Market estimates and forecast, 2015 – 2026
6.4. 20 to 25 Meters
6.4.1. Market estimates and forecast, 2015 – 2026
6.5. Above 25 Meters
6.5.1. Market estimates and forecast, 2015 – 2026
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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