The global Scissor Lift market accounted for US$ 2,620.0 Mn in 2017 and is expected to grow at a CAGR of 4.3% during the forecast period 2018 – 2025, to account for US$ 3,682.1 Mn in 2025.
The scissor lifts are made to move equipment or an individual in a vertical direction. These lifts are mainly used at the locations where normally scaffolding or a ladder would get used, however owing to safety concerns the manufacturing and construction industries are shifting to the adoption of scissor lifts. These lifts not only provide a secure platform for operation but also enables faster and optimized functioning of jobs. Considerable acceleration in the construction and infrastructural growth for snowballing urban population, majorly in developing economies contribute to the construction and retrofit market both. Thus the growth of construction at a significantly higher pace is expected to raise the demand for scissor lifts and are expected to moderately impact scissor lift market throughout the forecast period.
Exhibit: Scissor Lift Regional Market
Scissor Lift Market Insights
Ease of use and flexibility offered by scissor lifts is driving scissor lift market
The scissor lifts provide numerous benefits to their end-users, and some of these include ease of operation and compact storage. Unlike mobile scaffoldings and ladders, scissor lofts are extremely easy to move to different spaces. Its ability to be easily operated reduces the risk of skilled labor shortage and also dramatically reduces the fatigue among the workers operating them. This in response makes them more productive and enables them to complete the task more efficiently. Not only these scissor lifts are easy to use but are also flexible with work environments and also inherits accommodation for additional equipment, which makes it further convenient. Being compact in terms of storage add up to its quality contributing to its adoption among the industries and are contributing to the growth of scissor lift market.
Redefining of ANSI standards is expected to impact scissor lift market
In the coming years, new ANSI standards are expected to get implemented, which will affect North America, specifically for scissor lift market. These changes are expected to take place owing to more stringent testing under the new ANSI 92.20 guidelines for manufacturers. Therefore, technical advances coming to scissor lifts in the near future would include active load sensing systems. The load sensing devices on MEWPs will disable the normal elevating functions of the machine and sound/flash an alarm when the MEWP is overloaded. This adjustment to North American equipment comes on the cusp of incoming ANSI standards, but this specific adjustment has been active in international markets for nearly a decade.
Exhibit: Asia Pacific Scissor Lift Market by Movement Type
Scissor Lift Market Strategic Insights
The new development was observed as the most adopted strategy in global Scissor Lift market. Few of the recent development by some of the players in the Scissor Lift market landscape are listed below:
2018: JLG Industries announced the up gradation of its LRT series of rough terrain scissors. With this up gradation, it added improved efficiency, serviceability and operability of the industrial machines to meet the demands of its customers.
2018: Skyjack announced the launch of the Building Information Model (BIM). This model is compatible with the company’s scissor lift model such as SJ3226, SJ3219, and SJ4632 DC.
2018: MEC stated about the introduction of Proactive Platform Safety System (PPSS) designed for select slab scissor lifts. The new solution is developed to notify MEC scissor lift operators through proactively warning them about the overhead hazards with a purpose to update about entrapment avoidance and collision.
SCISSOR LIFT – MARKET SEGMENTATION
By Product Type
By Movement Type