(USGovernment-News.Com, April 17, 2019 ) Global scissor lift market is expected to grow from US$ 2,620 Mn in 2017 to US$ 3,682.1 Mn by 2025 at a CAGR of 4.3% between 2018 and 2025. Scissor lift market is experiencing a high growth throughout the globe, driven by growth in manufacturing, warehousing, and followed by construction industries among others. Development in the manufacturing industry in terms of automation has made all processes error-free. The manufacturing sector is expanding at a high pace and is investing highly in manufacturing plants. Moreover, the industry is in the stage of technological renaissance which changes systems and processes of factories.
The report focuses on an in-depth segmentation of scissor lift market based on product type, movement type, and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product type segment, hydraulic scissor Lift is accountable to hold the largest share in the scissor lift market in 2017, whereas pneumatic scissor lift is projected to grow at the highest CAGR during the forecast period.
Top key players operating in the scissor lift market include
1. Terex Corporation 2. JLG industries 3. Aichi Corporation 4. Haulotte Group 5. Linamar Corporation 6. MEC Aerial Work Platforms 7. Galmon (S) PTE. Ltd. 8. Wiese, Inc 9. Edmolift AB 10. Advance Lifts Inc.
The report aims to provide an overview of global scissor lift market with detailed market segmentation. Also, it analyzes the current market scenario of scissor lift market and forecasts the market till 2025. The report covers market dynamics affecting the scissor lift market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the scissor lift market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the scissor lift market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
Europe is one of the prominent regions in the scissor lift market which is contributing highest revenue globally due to an increase in the demand for manufacturing, warehousing, and other constructional activities. Development in automation technologies in European countries has facilitated the implementation of scissor lifts at a higher rate. Owing to this, several global manufacturers and providers of scissor lift have the potential to invest in this region in order to cope up with the demand without impacting the productivity of business operations.
The global Scissor Lift market for the end-user industries is fragmented into Construction, Manufacturing, Warehousing and others. The others segment comprises of industry verticals that occupy a smaller share in the market and include agriculture, industrial, institutional, and general maintenance that have started using scissor lifts to a certain limited extent. Construction is considered to be one of the key contribution to country’s socio-economic development. There is a high growth foreseen, specifically in the emerging economies such as China, India, and others. This has resulted in development of new households and other commercial construction. Also, the basic infrastructure of these economies is on the emerging pace. For instance, Asia Pacific and SAM comprises of several developing economies, which are attracting a lot of FDIs in their infrastructural development. These developments will further lead to construction of their infrastructure development.
Currently, the market of scissor lifts in the Middle East and GCC, despite declining oil profits, is predicted to be in line with the market demands. Majority of the demand for scissor lifts in Middle East & Africa is generated by the general contractors for upcoming projects at large rental houses, infrastructure projects and general contractors.
There has been constant development in scissor lift industry. Recently, 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 industry machines to meet demands of its customers. Furthermore, 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.
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