November 29, 2021 06:00 ET | Source: Global Market Insights, Inc. Global Markets Insights, Inc.
Selbyville, Delaware, November 29, 2021 (Global News Agency)-
According to the latest research by Global Market Insights Inc., by 2027, the scissor lift market revenue is expected to reach US$4 billion. Due to the increase in transportation, logistics and public utility activities, the market is expected to witness rapid growth. Earth. Increasing use of scissor lifts to reduce human accidents on ladders also contributes to market growth.
Since the end of 2019, the spread of the COVID-19 virus has had a negative impact on the global scissor lift market. Most governments have implemented a strict lockdown of 3-4 months to curb the spread of the virus. The blockade resulted in the suspension of all industry activities, such as the closure of production, construction, import and export, and dealer warehouses. As a result, the sales of scissor lifts have been significantly hindered in the first half of 2020. However, after the pandemic, the support measures taken by the government to promote economic growth will provide a positive outlook for the market within the projected time frame.
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The proliferation of e-commerce companies is driving the market for scissor lifts in transportation and logistics. Scissor lifts are mainly used for material handling of packages in warehouses. Market participants are developing scissor lifts specifically for the European market to increase their sources of income. For example, in October 2021, MAGNI Telescopic Handlers Srl launched nine new AC devices and four electric scissor lifts.
Industry participants active in the scissor lift market are adopting various business strategies, such as launching new products, establishing partnerships with local distributors, and accelerating product sales through acquisitions. For example, in November 2020, Haulotte Group launched new scissor lifts HS15 E and HS18 E in North America. The heights of HS15 E and HS18 E are as high as 15m and 18m, respectively. The scissor lift has a maximum payload capacity of 750 kg and is suitable for various applications such as insulation, cladding and maintenance work.
Some of the key findings in the scissor lift market report include:
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Part of the report table of contents (TOC):
3.2 The impact of COVID-19 on the scissor lift industry pattern
3.4.2 Virtual reality and platform simulator
18.104.22.168 The rise of construction activities in North America
22.214.171.124 European demand for advanced technology integrated scissor lifts continues to grow
126.96.36.199 The rise of rental equipment companies in the Asia-Pacific region
188.8.131.52 Increasing public utility development and infrastructure projects in Latin America
184.108.40.206 Government initiatives to support MEA smart cities
220.127.116.11 Limited availability of skilled and qualified operators
18.104.22.168 The high costs associated with scissor lifts
Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider; it provides joint and customized research reports and growth consulting services. Our business intelligence and industry research reports provide customers with insightful insights and actionable market data designed and presented to help strategic decision-making. These detailed reports are designed through proprietary research methods and can be used in key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.