Global Electric Scissor Lifts Market

Mar 2019| VMF141A| Verified Market Research

Report Highlights

Global Electric Scissors Market Size By Drive Type, By Platform, By Application, By Geography Scope and Forecast

According to Verified Market Research, the Global Electric Scissors Market was valued at USD 2,986.1 Million in 2018 and is projected to reach USD 4,289.9 Million by 2026, growing at a CAGR of 4.74%from 2019 to 2026.

Electric scissor lifts are battery-powered lifts that are designed to lift several people or large amounts of equipment to an elevated height. These lifts come with a variety of platforms and working heights. Electric powered scissor lifts are mainly used indoors on a firm-level slab surface. The average heights tend to be between 10 feet and 60 feet, and workspace sizes are typically between two and 10 feet wide. Most electric scissor lifts weigh no more than a few thousand pounds, but the biggest and most powerful models weigh more than 10,000 pounds. Unlike other mobile lifting platforms, these electric lifts are capable of moving only in a vertical direction with the purpose of transporting materials, people or equipment to an elevated level. These lifts are mostly employed in the construction and manufacturing industry where it is a need for workers to do the job in hard to reach heights and spaces.

Electric Scissor Lifts offer a mobile and versatile solution for dynamic construction projects that may have frequently changing environments. It is beneficial for both renovation contracting and general contracting. Adoption of these lifts in the construction work area ensures reduced labor-intensive processes, improves efficiency, increases accuracy and enhances the speed for material handling along with the safety of the work. Therefore, it can be stated that benefits offered by the electric scissor lifts will drive its demand in rapidly expanding infrastructure and building construction across the globe.

Implementation of the safety regulations set by these governing and regulating bodies have reduced the number of workplace hazards and has further enhanced the efficiency of the electric scissor lift. The above figure depicts the fall in the number of fatal deaths involving mobile elevated work platforms (MEWPs) worldwide due to compliance with the safety standards. Therefore, it can be concluded that implementation and compliance of the safety regulations associated with the operation of electric scissor lifts set by the governing and regulatory bodies are expected to accelerate the growth of the electric scissor lift market in the near future. Moreover, the high capital investment for electric scissor lifts as well as high operational costs acts as restraints for the overall market at a global level.

The Electric Scissors market is segmented on the basis of drive type, platform, application, and geography. On the basis of drive type, the market is bifurcated into Self-Powered, Unpowered, and Vehicle-Mounted. Self-Powered accounted for the largest market share of in 2018 and is projected to grow at the highest CAGR during the forecast period. Unpowered scissor lifts are ideal for transporting different loads to and from a number of work cells wherein they can easily be used for different working platforms meant to raise or lower the loads just to facilitate various load transfer to benches and tables.

On the basis of the regional analysis, the Global Electric Scissors Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America dominated the Global Electric Scissor Lifts Market in 2018. The growing construction sector will further fuel the demand of electric scissor lifts in this region as these lifts are employed with everything from moving materials during the early stages of a project to lifting workers to hard-to-reach areas in order to make fine finishing details

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