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Scissor Lift Market Size By Type (Electric, Engine Powered), By Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters), By Application (Rental, Construction & Mining, Government, Transportation & Logistics, Utility), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027

  • Report ID: GMI4763
  • Published Date: Nov 2021
  • Report Format: PDF

Industry Trends

Scissor Lift Market size surpassed USD 2 billion in 2020 and is poised to grow at around 7% CAGR between 2021 and 2027. The growing demand for robust indoor and outdoor construction activities and considerable urbanization will drive the industry growth.
 

Rising concerns regarding worker safety and to speed up the construction projects will increase the market demand globally. The construction & infrastructure sector plays a key role in augmenting the economic development of the country, creating favorable environment for the industry. Government organizations are investing significantly to boost their economy amid COVID-19 crisis. For instance, in September 2020, the Government of France announced USD 115 billion Coronavirus Recovery Plan. With this investment, the government aims to improve the infrastructure development and maintenance activities, including residential & commercial building insulation improvisation.
 

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Key factors adversely impacting the scissor lift market growth include high initial cost of electric scissor lift and lack of skilled & competent operators. Mishandling of the equipment especially on inclined surface results in equipment falling, which may lead to fatal accidents at construction sites, thereby hampering the industry. To tackle this issues, various consulting companies are offering certified equipment training courses to the operators. Training companies including Green World Group provides safety training courses for scissor lift under the regulations defined by OSHA in 29 CFR 1926 Subpart L Scaffolds Safety Standards.

 

Scissor lift manufacturers witnessed a significant decline in demand due to the outbreak of the novel COVID-19 virus. In the first two to three quarters of 2020, the industry was challenged by several market factors such as temporary suspension of production facilities, global logistics operation disruption, and low demand. OEMs including Terex Corporation and Haulotte Group reported decline up to 20% in their net sales for fiscal year 2020. The scissor lift industry is expected to recover at a significant pace post pandemic owing to several government initiatives to enhance their economic growth.
 

Growing demand for emission-free and low noise electric scissor lift

The North America electric scissor lift market is forecast to register growth rate of over 6% through 2027 propelled by increasing demand for lightweight and emission-free equipment in mining activities. The ability of electric equipment to perform operation with low noise, zero emission, and significant digital applications support will provide a positive market outlook.
 

Industry participants are introducing new technologies in the electric drive segment to attract potential business clients and to enhance their share. The companies including Terex Corporation (Genie) and Manitou Group are unveiling their new innovations to stay competitive in this potential market. For instance, in November 2020, Genie Lift launched an E-Drive system for its scissor lift line. The AC electric drive system is available for customers, such as retail users, rental owners, commercial, and residential contractors, who want to shift to the electric scissors for maintenance cost reduction and zero emission.
 

Increasing use of below 10 m scissor lift for indoor construction activities

In 2020, the below 10 meters scissor lift segment in Europe valued at USD 300 million. These lifts are experiencing growing demand led by their ability to perform robust operation at constricted places especially in indoor constructions. Construction companies are placing below 10 meter scissor lifts for safe and speedy completion of their building interiors.
 

Rental companies’ significant focus on expanding their fleet to improve their industry statistics

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The Asia Pacific rental application held more than 30% of the scissor lift market share in 2020. The high initial price of scissor lift is forcing various construction companies to rent or lease the equipment for required period. Rental companies, such as Acces Industrie, Herc Holdings, Inc., and United Rentals, are focusing on expansion of their equipment fleets to attract potential business clients and to obtain higher profit margin. For instance, in April 2021, Acces Industrie expanded its rental fleet with order of new 327 Snorkel’s mobile elevating platforms.
 

Proliferation of scissor lift manufacturers in North America

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The scissor lift market size in North America crossed USD 800 million in 2020, with about 40,000 new units sold. The U.S. and Canada focusing on infrastructure projects investment for economy revival after COVID-19 pandemic will enhance the market revenue. For instance, in July 2021, the Governments of Canada and Ontario announced to invest USD 35 million in community and recreation infrastructure projects in the region.
 

Industry leaders are expanding their business operations in the U.S. on account of the growing demand for scissor lifts in residential construction activities. For instance, in February 2020, Guangxi LiuGong Machinery Co., Ltd. entered in the U.S. with the launch of two new models, LSC1012DE and LSC0607DE.
 

Strategic focus of manufacturers on enriching equipment productivity

Key scissor lift market participants include Aichi Corporation, Dinolift OY, Genie Lift (Terex Corporation), Haulotte Group, Holland Lift International bv, Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Inc., Manitou Group, Skyjack, Inc., Snorkel, Tadano Limited, Zhejiang Dingli Machinery Co, Ltd., and Zoomlion Heavy Industry Science and Technology Co., Ltd.
 

The companies are emphasizing on new technology and feature innovation in the lifts. Industry players, such as JLG Industries, Inc., Hunan Sinoboom Heavy Industry Co. Ltd., and Aichi Corporation, are providing IoT-based mobile software for remote handling of lifting equipment.
 

This market research report on scissor lift includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2016 to 2027 for the following segments:

Market, By Type

  • Electric
  • Engine Powered

Market, By Platform height

  • Below 10 Meters
  • 10 to 20 Meters
  • 20 to 25 Meters
  • Above 25 Meters

Market, By Application

  • Rental
  • Construction & Mining
  • Government
  • Transportation & Logistics
  • Utility

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
       
Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of scissor lift crossed USD 2 billion in 2020 and is anticipated to rise at a CAGR of more than 7% up to 2027, says this GMI report.
Rental applications in Asia Pacific captured more than 30% of the revenue share in 2020 and will grow with the rising focus of numerous construction companies on renting or leasing the equipment for the required period.
Scissor lifts are typically equipment that can adjust their platform at several heights at any terrain and constricted places, to let workers perform their daily tasks efficiently.
In 2020, the North America market revenue reached USD 800 million in valuation, driven by the rise in the number of infrastructure projects investments in the U.S. and Canada.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 14
  • Tables & Figures: 341
  • Countries covered: 16
  • Pages: 200
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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