The global scissor lift table market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2023-2030). The major factor driving the growth of the market is the expansion of infrastructure and building construction across the globe. It helps the operators complete their tasks faster and more efficiently. The considerable acceleration in infrastructural projects and construction is due to the rapid shift of population from rural to urban areas; this will increase the demand for scissor lifts and further positively nurture the market. The major restraints of market growth are high investment costs, various regulations while developing new products, and ensuring smooth operation requires quite regular maintenance.
Browse the full report description of “Scissor Lift Table Market Size, Share & Trends Analysis Report by Type (Stationary and Mobile), and by Application (Construction, Manufacturing, Automotive, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/scissor-lift-table-market
Scissor lifts are popular for manufacturing and industrial projects as they provide a self and reliable environment for workers to complete projects with height involved. It has become an essential tool for the retail storage and warehouse segment. The rise in technological advancement and digitalization will drive the market during the forecast period. The demand for electric mini scissors will increase in the coming years because construction activities are expected to shift away from non-residential structures to residential projects in the longer term. The market is driven by rising technological advancements and digitalization. Companies such as Terex Corporation have been putting telematics devices on products since 2015 in order to save customers’ money in the form of fewer service calls, along with more rental time on machines. The company also launched the Genie Lift Connect telematics solution in January 2019, which will give information about sensor data, battery life, fault codes, and fuel level information.
The rate of accidents related to scissor lifts has increased at an alarming rate over the past few years. More than 50% of the injured individuals are unskilled labor & service providers who are involved in operating the lift without any prior experience. In addition, of all the lifts that are used in the workplace, scissor lifts are one of the most unsafe and are often used due to the fact that they provide more working space. Scissor lifts are more likely to become unstable, specifically if they are not operated and loaded appropriately. Thus, an increase in safety issues and accidents related to scissor lifts is anticipated to hinder the growth of the global market during the forecast period.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ARI-HETRA, BendPak Inc., Challenger Lifts Inc., EAE Automotive Equipment Co. Ltd., Hunter Engineering Company, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Scissor Lift Table Market Report Segment
By Type
By Application
Global Scissor Lift Table Market Report Segment by Region
• North America
o United States
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East & Africa
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