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Scissor Lift Market Analysis

Report ID: GMI4763
Published Date: Jul 2023
Report Format: PDF

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Scissor Lift Market Analysis

Based on type, scissor lift market size in North America from the electric type segment will witness more than 6% CAGR up to 2032, due to the increasing focus on environmental sustainability and the advantages of electric-powered scissor lifts. These lifts offer reduced noise levels, zero emissions, and improved energy efficiency compared to their diesel counterparts. The growing adoption of electric scissor lifts across industries, including construction, maintenance, and warehousing, will further drive the segment growth.

In terms of application, the rental segment held more than 30% share of the scissor lift market in the Asia Pacific. Scissor lifts offer a safe and efficient way to reach elevated work areas, making them popular among the construction, maintenance, and warehouse industries. The versatility of these lifts and their ability to navigate tight spaces also make them ideal for various projects. Furthermore, the cost-effectiveness of renting scissor lifts instead of purchasing them is an appealing prospect for many businesses, contributing to the rising demand.

North America scissor lift market size is set to expand at a commendable pace by 2032, as the region has a well-established construction and manufacturing industry, with a strong focus on safety regulations and worker welfare. The demand for scissor lifts in North America is impelled by factors such as infrastructure development, maintenance activities, and the need for efficient material handling solutions. The region is also witnessing increasing investments in infrastructure projects, which further fuel the demand for scissor lifts. Additionally, the presence of key market players and their continuous innovation efforts contribute to the market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of scissor lift is estimated to register over 7% CAGR from 2023 to 2032, driven by the growing safety regulations, and technological developments.

The rental applications hold more than 30% share of the scissor lift industry, due to the growing preference for cost-effective rented equipment among businesses.

North America will account for a substantial share of the global scissor lift industry by 2032, owing to the well-established construction and manufacturing industry, and a strong focus on safety regulations and worker welfare.

Dinolift OY, Snorkel, Genie Lift (Terex Corporation), Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Inc., Aichi Corporation, Holland Lift International bv, Manitou Group, Zhejiang Dingli Machinery Co, Ltd., and Skyjack, Inc. are some of the major key players in the global market.