Scissor Lift Market Analysis by Size, Share, Growth, Trends up to 2025
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.
According to the new research report published by The Insight Partners, titled “Scissor Lift Market - Global Analysis and Forecast to 2025”, the global scissor lift market is expected to reach US$ 3,682.1 million in 2025, registering a CAGR of 4.3% during the forecast period 2018-2025. In 2017, Europe accounted for the largest revenue share of more than one-third of the total market share, followed by Asia-Pacific. The growth in the Europe region is highly attributed to the increasing construction activates and adoption of safety measures in European countries.
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The scissor lift market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. One of the major reasons for surged adoption of scissor lift is the rapidly increasing investment in construction and infrastructural development. The world is known to witness a dramatic increase in its urban population creating pressure on the construction industries to come up with a robust plan of action. Owing to this pressure the construction machinery manufacturers are encouraged to focus upon the development and updation of their present product lines.
The key companies profiled in this report include Terex Corporation, JLG Industries, Aichi Corporation, Haulotte Group, Linamar Corporation, MEC Aerial Work Platforms, Galmon (S) Pte Ltd, Wiese USA, EdmoLift AB, and Advance Lifts, Inc.
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.
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In the coming years, scissor lifts are projected to perform various tasks that comply with the forthcoming demands of the end users. These changes comprise of enhanced safety and maximizing capacity. The Scissor lifts are inherently safer and more practical than ladders. Also, this machine/equipment are considered as much more economical than various other powered lifting equipment, and thus they are among the frequently invested machinery in industries, especially construction and manufacturing. While investing in scissor lifts, there are myriad aspects that the investor looks upon. Safety, productivity, and efficiency are some of the critical elements of them.
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