Scissor Lift Market – Growth Analysis, Industry Size, Market Opportunities and Future Estimations

The scissor lift market is estimated to register exponential growth by 2027 owing to increasing infrastructure and development projects across key regions.
A scissor lift refers to a mechanical lifting platform that allows people and equipment to access elevated and inaccessible spaces. The device moves vertically by using linked folding supports arranged in a crisscross or scissors-like pattern. Scissor lifts are designed to raise a limited weight and may be set up as well as operated by a single person. This distinguishes them from other types of heavy construction equipment like cranes.
Recently, increased integration of advanced technologies, along with surging focus on electrification of scissor lifts, has propelled market adoption. Moreover, mounting construction activities around the world have also driven product demand substantially.
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Notably, industry participants have been implementing strategic initiatives to gain a competitive edge in evolving marketplaces, which has favorably impacted the global business landscape. For instance, in January 2021, JLG Industries, Inc., a leading manufacturer of telehandlers and mobile elevating work platforms, launched its all-electric scissor lift, dubbed the DaVinci™ AE1932 scissor lift. The novel all-electric scissor lift utilizes a lithium-ion battery and has been designed to reduce job site pollution and prevent job site leaks.
Similarly, in September 2021, Snorkel, a key manufacturer of aerial work platforms, introduced its largest electric slab scissor lift model, dubbed the Snorkel S4740E, at Platformer’s Day in Germany. The S4740E offers a choice of either hydraulic or electric drive, which makes it suitable for operation in tilt-up warehouse environments and confined high-rise indoor settings.
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The scissor lift market has been segmented on the basis of application, type, platform height, and region. With respect to platform height, the market has further been divided into below 10 meters, 10 to 20 meters, 20 to 25 meters, and above 25 meters. The above 25 meters sub-segment is set to witness optimistic expansion over the study time period. Growing stadium and plant maintenance activities across the globe would fuel demand for maximum working platform height scissor lifts, which is likely to bolster segmental uptake in the coming years.
From the application point of view, the scissor lift market has been bifurcated into utility, rental, transportation & logistics, construction & mining, and government. The government sub-segment is speculated to reach a significant valuation by 2027. Increasing number of supportive government initiatives for infrastructure development is estimated to escalate product demand in the government sector over the review period.
On the regional spectrum, the Middle East & Africa scissor lift market is poised to showcase a solid growth trajectory through the projected timeline. Rising investments to promote the development of smart cities and petroleum plant construction & maintenance activities in MEA are anticipated to augment regional market growth over 2021-2027.