According to the research report titled ‘Scissor Lift Market Size By Type, By Platform Height, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, global scissor lift market is projected to register a healthy growth rate through 2026.
 

Rapid expansion of the construction and mining sector is the primary growth driver of global scissor lift market. However, high initial investment cost and dearth of skilled professionals may hinder the business outlook over the forecast period, cites the study.
 

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For the uninitiated, a scissor lift is an equipment used for moving personnel and equipment in a vertical direction. This machine serves as an efficient and safer alternative to ladder, scaffolding or tower for performing tasks at height such as inspection, installation, or repair of wirings. These lifts are widely used in the construction industry and offer mobile & flexible solutions for dynamic projects.
 

Elaborating on type, global scissor lift market is categorized into engine powered and electric, among which, the latter segment is poised to experience strong gains in the coming years primarily due to growing demand for fuel efficient access platforms. Moreover, easy operation, improved productivity and enhanced profitability due to excellent positive footing, speed, and gradeability are encouraging the adoption of electric scissor lifts.
 

Based on platform height, global scissor lift market is classified into above 25 meters, 20 to 25 meters, 10 to 20 meters, and below 10 meters. As per trusted stats, the 20 to 25 meters segment was worth USD 50 million in 2019 in North America and is set to showcase strong growth over the forecast timeframe.
 

Speaking of application, global scissor lift market is divided into transportation & logistics, utility, construction & mining, government, and rental. Government segment is expected to witness modest gains in the ensuing years owing to increasing use of scissor lifts in electric pole repair & maintenance activities.
 

Considering the regional outlook, Latin America scissor lift market growth is anticipated to pick up pace in the forthcoming years, driven by increasing number of projects and inflowing investments in the construction & mining sector.
 

Some of the renowned players in global scissor lift market are Terex Corporation (Genie), Snorkel, Tadano Limited, Skyjack Inc., JLG Industries, Manitou Group, Holland Lift International BV, Dinolift Oy, Haulotte Group, Hunan SINOBOOM Heavy Industry Co. Ltd., and Aichi Corp.