Electric Scissor Lift Market Size to Grow by USD 581.38 Mn, Competitive Environment Expected to Intensify – Technavio – QNT Press Release


NEW YORK, Oct. 25, 2022 /PRNewswire/ — The electric scissor lift market is fragmentedand the vendors are deploying growth strategies such as technology, quality, price, and product features to compete in the market. Global players are expanding their presence in the market. The competitive environment in this market is expected to intensify, with the rise in the demand for electric scissor lifts. Moreover, there is high rivalry among vendors. Therefore, vendors are opting for various pricing and marketing strategies to retain their existing market shares and seize new market opportunities. High product differentiation further intensifies the competition in the market.

The electric scissor lift market size is expected to grow by USD 581.38 million from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 5.32% during the forecast period, according to Technavio.

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Electric Scissor Lift Market 2022-2026: Scope

The electric scissor lift market report covers the following areas:

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Electric Scissor Lift Market 2022-2026: Driver and Challenge

The growth of the global construction industry is driving the electric scissor lift market’s growth. The infrastructure in developed economies such as the US and the UK is aging. The construction market in these countries is driven by factors such as maintenance and renovation operations, as well as a shift to sustainable building development and retrofitting practices. The growth of the global economy is also supporting the growth of the global construction industry. Hence, the growing demand for construction is fueling the demand for electric scissor lifts worldwide.

The dangers associated with electric scissor lifts are challenging the electric scissor lift market growth. Scissor lifts have various risks, such as falling, electrocution, collapsing, and tip-overs. Falling from heights is the most common cause of fatalities. It can occur due to operator negligence, carelessness, and improper use of safety restraints. Such risks may hamper the adoption of these lifts during the forecast period.

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Electric Scissor Lift Market 2022-2026: Segmentation
  • End-user
    • Construction: The construction segment will be a significant contributor to market growth during the forecast period. Electric scissor lifts are used for dynamic construction projects, which is driving the growth of this segment.
    • Commercial
    • Manufacturing
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East And Africa
    • South America
Electric Scissor Lift Market 2022-2026: Vendor Analysis

Columbus McKinnon Corp., Galmon Pte Ltd, Holland Lift International BV, Hunan Sinoboom Intelligent Equipment Co. Ltd., Linamar Corp., Manitou BF SA, MEC Aerial Work Platforms, Oshkosh Corp., SANY Group, Snorkel International LLC, Solem SAS, Tadano Ltd., Terex Corp., Toyota Motor Corp, Xuzhou Construction Machinery Group Co. Ltd., Zhejiang Dingli Machinery Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd. are among some of the major market participants.

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Electric Scissor Lift Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist electric scissor lift market growth during the next five years
  • Estimation of the electric scissor lift market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric scissor lift market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric scissor lift market vendors
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Electric Scissor Lift Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

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