Market players are focusing on innovations to improve safety with the inclusion of several innovative features to attain a competitive edge
DUBAI, UAE / ACCESSWIRE / February 11, 2021 / Future Market Insights: FMI states in its recent study on the scissor lifts market that the market will record a CAGR of 3.5% through 2030. Demand for scissor lifts is anticipated to continue surging particularly on due because Scissor lifts are often the preferred equipment for accessing massive heights without fear of any hassle.
"Manufacturers are continuously focusing on enhancing product efficiency and incorporating new environmental-conscious technologies. Along with this, the companies are fine-tuning their expansion strategies to stay relevant amid increasing competition" says the FMI analyst.
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Scissor lifts - Important Highlights
- According to product type, Platform height of 30' - 50' is highly sought-after in the market due to its rising demand from emerging nations.
- The construction applications market is estimated to be the major market holder in the scissor lifts market during the forecast period.
- North America led by the US is estimated to hold the major share in the market owing to its growth in commercial and residential constructions.
- The UK is estimated to be the leading market for scissor lifts in Europe, due to high demand from the construction industry.
Scissor lifts Market - Drivers
- Rapid urbanization is creating demand for the construction industry, which is driving the market.
- Several government policies adhering to the safety standards of the works are boosting the market growth
- Rising environmental concerns among masses will drive the growth of environment-friendly scissor lift markets.
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Scissor lifts Market - Restraints
- The Availability of traditional methods and hesitance of the people to adopt new better ways are hindering the growth of the market.
- Lack of efficient government regulations in many countries are hindering the growth of the market
COVID-19 Impact on Scissor lifts Market
The scissor lifts market growth is expected to be hampered. The main source of scissor lifts market use was in the fields of construction. But many nations imposed nationwide lockdown to curb the deadly virus, which caused disruptions in supply chain materials, shortage of human resources, therefore, affecting the whole of the industry. However, the market is anticipated to make a swift turnaround as the economy stabilizes
Competitive Landscape
Market players have left a lasting impact on their unique business expansion strategies and robust product offerings. Now the key market players are focusing on product launches. Oshkosh Corporation, for example, updated in 2015 its ES (electric scissor) and RT (rough terrain) scissor lift tracks. Also, the business unveiled a 53-foot rough-terrain scissor lift in the same year. Some of the key competitive players are Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, Zhejiang Dingli Machinery Co, Ltd.
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About the Study
The study offers readers a comprehensive assessment of the scissor lifts market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Up to 30', 30' - 50', More than 50')
End-Use Industries( Construction, Entertainment, Commercial, Manufacturing, and Others) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/scissor-lifts-market
Press Release Source: https://www.futuremarketinsights.com/press-release/scissor-lifts-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/629268/How-the-Rise-in-Infrastructural-Projects-is-Spurring-Growth-of-Scissor-lifts-Market-New-Report-Analyzes
