Scissor Lift Market Size, Share & Trends Analysis Report By Engine (Electric, Engine-powered), By Lift Height (Less Than 10 M, 10 To 20 M, More Than 20 M), By End User, By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global scissor lift market size was valued at USD 2.85 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027. The growing popularity of hybrid and electric lifts, along with substantial incremental growth opportunities in the construction industry in the developing countries, is anticipated to surge the market growth over the coming years. Increasing concerns regarding workplace safety, along with the implementation of strict worker safety laws in the developed economies, such as the U.S., Germany, and the U.K., are expected to boost the product demand over the next seven years. In addition, the rising demand for building maintenance and repair activities is expected to further propel the market growth over the forecast period.

The U.S. scissor lifts market is expected to reach USD 1.33 billion by 2027 owing to an increase in modular construction and prefabrication projects. In addition, America’s deteriorating infrastructure, aging water, and wastewater treatment facilities, unsafe bridges, and congested roads have forced the U.S. federal government to spend USD 2 trillion dollars by 2030, according to the American Society of Civil Engineers.

A large number of construction projects have been delayed or canceled on account of the impact of novel coronavirus on the governments and companies that commissioned them. In addition, supply chain bottlenecks of materials and equipment, including raw materials, such as steel from Asia, are anticipated to cause project delays or reduced spending over the coming years, thereby restricting the market growth over the forecast period.

High investment cost, compliance with various regulations while developing new products, and regular maintenance requirements to ensure smooth operations are some of the product limitations. Furthermore, maintaining cost competitiveness in the international market is one of the major restraints to market growth.

The market is driven by rising technological advancements and digitalization. Companies such as Terex Corporation have been putting telematics devices on products since 2015 in order to save customers’ money in the form of fewer service calls, along with more rental time on machines. The company also launched the Genie Lift Connect telematics solution in January 2019, which will give information about sensor data, battery life, fault codes, and fuel level information.

Engine Type Insights

Electric scissor lifts led the market and accounted for 69.4% share of the overall revenue in 2019 as they are often used as an indoor aerial work platform, such as accessing high storage racks, working in loading bays, changing light bulbs, and performing sign repairs. Unlike gas-powered lifts, battery-operated or electric lifts don’t emit fumes which makes them healthier for workers and safer for indoor use.

Many electric scissor lifts have a narrow platform that allows workers to access tight spaces in retail stores and warehouses. In addition, they are less expensive than gas-powered lifts and have non-marking tires, which prevent damage to indoor floors. Furthermore, the versatility of applications and safety features make them an ideal replacement for the traditional ladder in many workplace tasks.

The engine-powered scissor lifts segment is expected to expand at the fastest CAGR of 7.3% over the forecast period owing to the rise in the construction activities across the globe. These lifts tend to be more construction-oriented as they can be easily driven and used on slopes compared to electric lifts. In addition, they have a greater vertical reach, higher weight capacity, and larger working platforms, which further provides more accessibility for multiple workers.

Diesel has traditionally been barred from many construction job sites, however, with the introduction of Tier II engines, demand for diesel engines in scissor lifts is expected to grow significantly over the coming years. In addition, diesel-powered rough-terrain scissor lifts are 15-20% more fuel-efficient than gasoline engines as they burn an oil-based fuel and fire under compression.

Lift Height Insights

The less than 10 meters scissor lifts segment led the market and accounted for 46.3% share of the overall revenue in 2019 as these models are often narrow and ideal for fitting in tight spaces. Despite their severe height limitations, these models are often used in accessing ceilings and ductwork inside buildings. In addition, they are used in washing or repairing windows and other maintenance work.

Scissor lifts come in a wide range of sizes. Larger sizes are usually used for outdoor construction sites and other rough-terrain surfaces. These models run on dual fuel and diesel engines. Small scissor lifts are used for indoor job sites and usually run on electricity. Most working heights range from 9-12 meters like most of the time, scissor lifts are used for small indoor jobs.

Scissor lifts falling under the 10-20 meters category are anticipated to account for a 35.6% share of the overall revenue by 2027 as they are ideal for jobs that involve the movement of heavyweights on a construction site. They are also used to access power and telephone cables that require repair or replacement. However, they can only be used in a project that requires up and down mobility, thereby restricting the segment growth over the coming years.

End-user Insights

The construction industry dominated the market and held a 50.3% share of the global revenue in 2019 on account of increasing investments in new infrastructure, along with reforms to encourage Public Private Relationships (PPPs) in the Asia Pacific region. In addition, construction activities are expected to shift away from non-residential structures and will move towards residential projects in the longer term, thereby driving the demand for electric mini scissor lifts over the coming years.

The retail, storage, and warehouses end-user segment is expected to expand at a CAGR of 6.2% over the forecast period owing to the increasing adoption of on-demand warehousing, wherein companies with excess warehouse capacity can fill their space by leasing them to sellers with seasonal or temporary storage needs without entering into long-term agreements.

According to the National Retail Federation Statistics, there were more than 1 million retail outlets across the U.S. in 2019. In addition, for each company closing stores, 5.2 are opening stores as successful retailers are embracing both offline and online stores. Furthermore, it is estimated that once-online-only brands are expected to open 850 brick and mortar stores over the next five years, thereby surging the product demand over the coming years.

The growing need for passenger safety, along with rising demand for used cars, is expected to boost the growth of the automotive repair and maintenance service market over the forecast period. As a result, demand for scissor lifts in the automotive sector is expected to grow significantly over the coming years as they offer high flexibility and cost-efficiency.

Regional Insights

North America held the largest revenue share of 36.5% in 2019. The construction industry in Western Europe and North America is expected to foresee sluggish growth, with essentially no increase in spending on commercial facilities over the coming years. In addition, a significant drop in new residential construction activities in 2020 on account of the COVID-19 outbreak is expected to hinder the market growth over the forecast period.

Asia Pacific is expected to expand at the fastest CAGR of 7.7% from 2020 to 2027. Furthermore, the region is expected to witness significant growth over the forecast period owing to rising disposable income, growing population, and the resulting pressure on carrier infrastructure in the telecommunication industry in the Southeast Asian countries.

The Indonesian construction industry is expected to expand at a fast pace in the years to come on account of government investments in transport infrastructure. Malaysia, on the contrary, is expected to face some challenges owing to the new government’s policy to reduce the country’s debt by cutting investments in construction projects. However, rising demand for affordable housing homes is expected to strengthen the demand for access equipment, such as scissor lifts, over the forecast period.

The Middle East and Africa is currently witnessing immense development in the infrastructure industry, which has pushed the demand for construction equipment, such as scissor lifts. In addition, the presence of a limited number of manufacturers in the region has forced the already established players to focus on enhancing their sales network, thereby boosting the regional market growth over the coming years.

Key Companies & Market Share Insights

Manufacturers are aiming at leveraging the stringent health and safety regulations, along with a digital transformation in the construction industry. As a result, Skyjack launched the ELEVATE telematics solution in 2018, wherein the DC scissor lift responds to commands sent over the cellular network and independently performs a function check of its critical systems. Product innovation remained a key strategy adopted by market players in 2019. For instance, Snorkel launched the S3019E scissor lift in 2019 that enables the scissor stack to store entirely inside the chassis, which provides a shorter step-in height for the user, thereby improving the ease of egress and ingress from the platform. Some of the prominent players in the scissor lift market include:

• Terex Corporation

• MEC Aerial Work Platforms

• JLG Industries

• Aichi Corporation

• Haulotte Group

• Linamar Corporation

Scissor Lift Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global scissor lift market report on the basis of engine type, lift height, end-user, and region:

• Engine Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Electric Scissor Lifts

  • Engine-powered Scissor Lifts

• Lift Height Outlook (Revenue, USD Million, 2016 - 2027)

  • Less than 10 meters

  • 10 to 20 meters

  • More than 20 meters

• End-user Outlook (Revenue, USD Million, 2016 - 2027)

  • Construction

  • Retail, Storage, and Warehouses

  • Transportation and Logistics

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Italy

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Argentina

    • Brazil

  • Middle East & Africa

    • South Africa

    • Saudi Arabia