The Scissor Lift Global Market Report 2023, provides comprehensive information on the scissor lift market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Scissor Lift Global Market Report 2023, the global scissor lift market is expected to grow from $3.17 billion in 2022 to $3.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scissor lift market is expected to reach $4.14 billion in 2027 at a CAGR of 5.3%.
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Technological advancements are a key trend gaining popularity in the scissor lift market. Major companies operating in the scissor lift market are adopting new technologies to sustain their position in the market. For instance, in July 2021, JLG Industries Inc., a US-based lift equipment manufacturing company, launched all-terrain scissor lifts with screens and smart technology. The platform control boxes are outfitted with liquid-crystal display monitors, allowing for the incorporation of new technology. Operators may better understand the performance and capabilities of the lift by concentrating on the data. The upgraded platforms on these new models provide 28% more working space, increasing their capacity for equipment, people, and materials. JLG’s LiftSense is an additional technological advancement that shows the user the platform’s maximum heights while considering the platform’s tilt and weight.
The scissor lift market is segmented:
1) By Type: Hydraulic, Diesel, Electric, Pneumatic
2) By Engine: Electric Scissor Lifts, Engine-powered Scissor Lifts
3) By Lift Height: Less Than 10 Meters, 10-20 Meters, More Than 20 Meters
4) By Distribution Channel: Direct Sales, Indirect Sales
5) By Application: Construction, Entertainment, Manufacturing, Other Applications
North America was the largest region in the scissor lift market in 2022.
The table of contents in TBRC’s scissor lift market report includes:
- Executive Summary
- Scissor Lift Market Characteristics
- Scissor Lift Market Trends And Strategies
- Scissor Lift Market – Macro Economic Scenario
- Global Scissor Lift Market Size and Growth
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- Global Scissor Lift Market Competitive Benchmarking
- Global Scissor Lift Market Competitive Dashboard
- Key Mergers And Acquisitions In The Scissor Lift Market
- Scissor Lift Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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