Tuesday, 13 June 2023 11:33 AM
Company Update
WILMINGTON, DE / ACCESSWIRE / June 13, 2023 / Transparency Market Research Inc. - The Global Scissor Lifts Market was valued at US$ 3.1 Bn in 2022 and is projected to expand at a CAGR of 5.5% from 2023 to 2031.
Introduction of scissor lifts with high capacities and larger platforms to accommodate more workspace is anticipated to augment market size in the next few years. Companies in the market are expanding their product portfolio of hydraulic-drive machines to stay ahead in the competition.
Surge in demand for scissor lifts in construction and maintenance works is anticipated to propel the market. Rapid adoption of mobile scissor lifts in infrastructure development works is expected to accelerate market growth in the next few years. Steady advancement in mobile elevating work platform technology is likely to create significant business opportunities for companies in the market. Rise in usage of scissor lifts in warehouse and logistics applications, especially in the e-commerce sector, is projected to augment market size.
Request for a Sample PDF Report with Latest Industry Insights:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78692
Key Findings of Study
- Increase in Focus on Worker Safety Bolstering Usage of Scissor Lifts in Construction Sector: Increase in focus of regulatory agencies on promoting safety of construction workers is a key factor driving the demand for scissor lifts. Companies are offering scissor lifts with modular components so that these can meet a wide range of applications in construction and mining industries. Regular update in regulations, such as that in the ANSI, is promoting the preference for scissor lifts over scaffolding and ladders. Rapid incorporation of features such as emergency stop button, guardrails, and non-slippery surfaces for scissor lifts is likely to enhance safety features in scissor lifts. This is likely to broaden market outlook in the near future.
- Significant Adoption Hydraulic Scissor Lifts: Based on type, the hydraulic scissor lifts segment is anticipated to account for major market share from 2023 to 2031. Scissor lifts powered by hydraulic technology are gaining traction in accessing elevated areas in a wide range of construction and infrastructure development works. Rise in preference for hydraulic scissor lifts in a wide range of high-altitude operations is expected to bolster market growth. Considerable usage of this type of scissor lifts in cargo transportation and outside maintenance works is anticipated to bolster the segment.
Key Growth Drivers of the Scissor Lifts Market
- Steady expansion of construction and infrastructure development work in numerous countries is a key driver of the scissor lifts market. Surge in demand for aerial work platforms in a range of working height and performance capacities is a key factor expected to drive the market.
- Stringent implementation of government regulations pertaining to worker safety in construction and mining sectors is a significant driver of the scissor lifts industry. Surge in demand for automated construction equipment to improve the safety of workers is likely to bolster market size. Standards for aerial lifts are continuously evolving. This is likely to drive market evolution
Buy this Premium Research Report (150 Pages PDF with Insights, Charts, Tables, and Figures):
https://www.transparencymarketresearch.com/checkout.php?rep_id=78692<ype=S
Regional Growth Dynamics
- North America accounted for major share of the global scissor lifts market from 2023 to 2031. Considerable demand for scissor lifts that comply with the latest ANSI standards, especially ANSI MH29. 1-2020. Rapid increase in demand for technologically advanced scissor lifts in infrastructure development work in the U.S. is anticipated to bolster market value in North America. Significant technological advancements in aerial work platforms in recent years are likely to fuel market development in the region in the next few years. Consistent innovation in actuators used in compact and mobile scissor lifts is projected to pave the way for product innovations in the near future.
Competition Landscape
Leading players are adopting numerous competitive strategies, such as mergers & acquisitions, product portfolio expansion, and product innovations, to consolidate their market position in the next few years.
Key companies operating in the scissor lifts market are
- Advance Lifts, Inc.
- Aichi Corporation
- Haulotte Group
- Hunan
- JLG Industries
- Linamar Corporation
- Manitou BF
- MEC Aerial Work Platforms
- Snorkel Corporation
- Terex Corporation
Get Customization on this Report for Specific Research Solutions:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=78692
Scissor Lifts Market Segmentation
Type
- Hydraulic
- Diesel
- Electric
- Pneumatic
Capacity/Kg
- Up to 100
- 101 to 250
- 251 - 400
- Above 400
Height
- Less than 10 Meters
- 10 to 20 Meters
- More than 20 Meters
Application
- Construction
- Entertainment
- Manufacturing
- Others (Retail, Storage, Warehouse, etc.)
Distribution Channel
- Direct Sales
- Indirect Sales
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE: Transparency Market Research inc.