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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026

Published Date: Jun 2020  |  Report ID: GMI4763  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 200   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Scissor Lift Market size exceeded USD 2 billion in 2019 and is estimated to grow at a CAGR of over 8% between 2020 and 2026. According to the market analysis and trends, growing industrialization, requirement for streamlining operations and increasing efficiency in production are augmenting the demand for scissor lift in the market.

Scissor lifts are used to safely move vertically in a range of industries, including manufacturing, construction & mining and rental. Electric scissor lifts will gain popularity in flat slab applications and in places where work is performed in enclosed spaces. Scissor lift market size will expand with strong demand from transportation & logistics application. 

The ability of scissor lift to function as a vertically adjustable platform enables workers to conveniently position themselves at various height levels to perform their tasks efficiently. They provide a highly safe and multi-functional alternative to ladders and scaffoldings deployed for carrying out tasks at elevated heights. This equipment can also be utilized for pallet positioning or transportation of loads, further augmenting industry demand.

Scissor Lift Market

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Increasing technological developments and innovations in the field of aerial work platforms are providing a positive outlook to the market. Growing R&D investments by market leaders to integrate advanced technologies including Internet of Things (IoT) and Artificial Intelligence (AI) to provide features such as emergency lowering, smart control panels are propelling the scissor lift market share. For instance, in December 2019, Haulotte Group reported investments of approximately USD 8.3 million in R&D activities for the development of innovative products.

One of the major market factors restricting the market growth is the high initial cost of this equipment. Integration of high-quality critical components and pneumatic parts in scissor lift contributes to their high cost of purchase. Moreover, the tendency to repair and reuse existing access platforms due to budget constraints in small and medium-scale projects is challenging industry growth. However, market players are focusing on reducing the production costs through economies of scale and vertical integration strategies to cater to the high industry demand.

The scissor lift industry is anticipated to witness slow growth due to the outbreak of COVID-19 pandemic in 2020. The pandemic has severely impacted the global economy due to restrictions on trade and sealing of international borders of several countries across the globe. This has led to a shortage of raw materials, impacting the production capability of scissor lift manufacturers. Additionally, restrictions on movement and social distancing measures are expected to hamper industry growth. Increasing financial insecurities among industry players will further impact the market size in 2020.

Scissor Lift Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8% 2026 Value Projection: 3 Billion (USD)
Pages: 200 Tables, Charts & Figures: 335
Geographies covered (16): U.S., Canada, UK, France, Germany, Italy, Russia, China, Japan, India, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Type, Platform Height, Application
Companies covered (14): Aichi Corporation, Dinolift OY, Genie Lift, Haulotte Group Holland Lift International bv, Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Manitou Group, Skyjack, Snorkel, Tadano Limited, Terex Corporation (Genie), Zhejiang Dingli Machinery Co, Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd.
Growth Drivers:
  • Growing infrastructural investments in North America
  • Increasing demand for technologically advanced scissor lifts in Europe
  • Proliferation of rental equipment services in the Asia Pacific
  • Rising number of infrastructure and utility development projects in Latin America
  • Construction of smart cities in MEA
Pitfalls & Challenges:
  • High initial cost of scissor lifts
  • Lack of skilled operators

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Increasing demand for low noise, low emission electric scissor lift

Scissor Lift Market Size

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The statistics show that the electric scissor lift market value in China held more than 68% market share in 2019 and is expected to grow at a CAGR of over 13% through 2026. The growing market trend of adopting electric scissor lift in commercial and industrial sectors can be attributed to several advantages offered by these platforms. Electric scissor lift are zero-emission platforms, which do not emit hazardous fumes and gases, providing a safe indoor working environment to workers.

These platforms also produce minimum noise while operating the lift, further augmenting their market size. Industry players are launching new models of electric scissor lift to cater to the growing market demand. For instance, in February 2019, Genie Lift announced the launch of its new compact electric scissor lift, Genie GS-1330m. The platform provides a working height of 5.9m and lift capacity of 227kg and is integrated with the Genie Smart Link system for enhanced control.

Growing demand for safety and balance in elevated operational areas

Scissor lift with platform height of 10 to 20 meters are anticipated to witness a rising demand in commercial construction, building maintenance, and utility projects. The enhanced stability and high operational efficiency offered by these models at elevated levels are supporting their market growth. These machines are also witnessing a growing market representation in logistics and transportation for loading and unloading items off cargo ships.

Construction and mining activities driving the market revenue

Scissor Lift Market Application Insights

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The construction & mining segment in Asia Pacific held over 35% market share in 2019. Rapidly increasing urbanization and industrialization across the globe are driving the population shift from rural areas to urban cities. This has led to an increasing demand for construction of residential and commercial infrastructure, driving scissor lift market growth. Several benefits offered by these platforms, such as enhanced worker safety, operational efficiency, and the ability to transport heavy loads, are supporting their adoption in the industry.

Increasing infrastructural investments in North America

The North America scissor lift market valued at over 800 million in 2019 and is expected to grow at 6.5% CAGR from 2020 to 2026. According to the market data, increasing government and private sector investments in infrastructure development are boosting market growth in the region. For instance, in July 2019, the government of Canada announced its plans to invest USD 5.6 billion in funding for the development of new infrastructure projects during 2019-2020. Similarly, the U.S. government allotted USD 1 trillion for construction and maintenance projects in 2019.

The ability of scissor lift to provide enhanced balance and safety to construction workers on elevated construction sites is positively influencing the market statistics in North America. Furthermore, the stringent labor laws related to workplace safety in countries including the U.S. and Canada are encouraging construction contractors to adopt these products.

Continuous innovations and new product launches are key strategies adopted by players

Leading manufacturers operating in the industry are laying emphasis on continuous innovations and process improvement strategies to provide technologically advanced products to their customers. For instance, in October 2018, Zoomilion launched six new high-end intelligent scissor lift integrated with IoT technology for enhanced operating performance. The new range includes self-propelled electric lifts that are offered in electric, hydraulic, and electric lithium battery-operated type with high reliability and simplicity of operation.

Key players operating in the global scissor lift market share include Haulotte Group, Aichi Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Dingli, Zoomlion Heavy Industry Science and Technology Co., Ltd., Genie, Skyjack, JLG Industries, LGMG and Manitou Group.

The scissor lift industry research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2020 to 2026 for the following segments:

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

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


Frequently Asked Questions (FAQ) :

The market size of scissor lift was valued over USD 2 billion in 2019.
The industry share of scissor lift is projected to expand at more than 8% CAGR during 2020 to 2026.
North America market valued at over 800 million in 2019 and is expected to grow at 6.5% CAGR from 2020 to 2026.
The construction & mining segment in Asia Pacific held over 35% market share in 2019.
The market statistics show that the electric scissor lift segment in China held more than 68% market share in 2019 and is expected to grow at a CAGR of over 13% through 2026.
Key players operating in the global market include Haulotte Group, Aichi Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Dingli, Zoomlion Heavy Industry Science and Technology Co., Ltd., Genie, Skyjack, JLG Industries, LGMG and Manitou Group.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 200
  • Tables: 315
  • Charts / Figures: 20
  • Companies covered: 14
  • Countries covered: 16

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