The market for scissor lifts will expand at a 3.5% CAGR through 2031. Aerial work platforms, which include scissor lifts as access equipment, are used in many different industries for efficient and safe elevated material handling.
With a shift from mature, saturated markets like North America and Western Europe to emerging economies like China, ASEAN, and other Southeast Asian and Pacific countries, the global scissor lift market is going through a significant transformation. The booming construction industry across developing nations is a major factor supporting this expansion.
Future Market Insights (FMI), market research and consulting firm with ESOMAR certification, provides insights into the major drivers of the demand for scissor lifts in its latest study. The report examines the effects of COVID-19 on the end-use industry in general and scissor lifts in particular, as well as tracks scissor lift sales globally in more than 20 high-growth markets.
AWP Adoption Influences Scissor Lift Demand
Working at heights is frequently essential for a successful construction or maintenance project. However, when there is a lack of training or the right tools, aerial access operations could go wrong. The preferred equipment for reaching great heights without worry of difficulty or accident is frequently scissor lifts. Workers are recognised as using scissor lifts as safe and dependable aerial work platforms.
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Employers must comply with guidelines established by the Occupational Safety and Health Administration (OSHA) to safeguard employees from any potential risks brought on by scissor lifts. In actuality, OSHA’s scaffolding standard already addresses a number of different types of scissor lifts. This is anticipated to be positive for the market for scissor lifts as a whole.
Concentration in Emerging Countries among Scissor Lift Manufacturers
Many manufacturers have started focusing on upcoming advanced economies, like ASEAN. Mantall introduced its products in ASEAN in 2013, including the mature scissor lift market in Singapore and the emerging markets in Thailand, Vietnam, and Cambodia.
To increase the production of scissor lifts and other AWP products for domestic use, regional businesses have partnered with major players in the established market. Beijing Jincheng Heavy Industry (JCHI), for instance, plans to manufacture AIRO lifts in China. In France, Spain, and Brazil, Airo has production facilities and sales offices. A sales network across Asia-Pacific and Europe is the plan for both businesses.
China’s scissor lift demand will continue to rise significantly.
Since many Chinese manufacturers established their own production facilities over the past two years, the level of competition in China has skyrocketed. Among them are some of the most well-known players in the nation, such as Sany Palfinger, XCMG, and LGMG. Despite the lack of regulations, China is expected to experience significant growth, and it appears that this trend will continue in the near future.
Scissor lift sales are on the rise, which has prompted manufacturers to increase their output. For instance, XCMG has 100 times more production capacity than the previous year, up to 600 units per month. The businesses are prepared to profit from the current circumstances and forge solid bonds with rental businesses. As a result, rental companies will soon have access to the scissor lift market’s most lucrative opportunities.
Future growth in China will be supported by the introduction of numerous products with different platform heights. China has more than 150 rental companies, and there will be a high demand for scissor lifts in the future.
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Robust Infrastructure to Enable Steady Growth in the U.K.
In the United Kingdom, there is a sizable rental scissor lift industry. The nation has been recognised as one of Western Europe’s economic engines, and it is anticipated that it will continue to dominate the market.
Additionally, as end users look to gain from higher machine utilisation and concentrate on their core businesses, the rental market is steadily expanding. One of the main drivers of the pace of scissor lift sales in the nation will be the strong awareness among consumers in the UK, along with government safety regulations and the expanding access industry.
Improvements like the availability of electric and hybrid lifts will hasten their use in both indoor and outdoor applications across the nation. Scissor lift development will be supported by UK regulations regarding their use. The nation is also home to well-known manufacturers and has a strong infrastructure. The nation’s scissor lift demand will increase faster in the commercial sector than in manufacturing.
Competitive Landscape
To take advantage of growth opportunities in ASEAN, China, India, and Russia, among other countries, companies in the scissor lift market are refocusing their attention on developing nations. In addition, they have been concentrating on enhancing their services to gain more traction. For instance, in 2015, Oshkosh Corporation modified its RT (rough terrain) and ES (electric scissor) scissor lift lines. The company also introduced a 53-foot rough-terrain scissor lift that same year.
With the addition of several cutting-edge features, such as crush-protection, sustainable involuntary operation prevention systems, sensitive hybrid power systems, etc., several companies that specialise in low-weight machines are focusing on innovations to improve safety. For the Chinese market, Palfinger AG, for instance, created a new control unit for self-propelled scissor lift platforms. These lifts significantly increase safety.
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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