PUBLISHER: Grand View Research | PRODUCT CODE: 1610001
PUBLISHER: Grand View Research | PRODUCT CODE: 1610001
The global scissor lift market size is expected to reach USD 5.15 billion by 2030, registering a CAGR of 7.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising demand for building maintenance and repair activities, along with the growing popularity of electric and hybrid lifts, is expected to boost market growth over the coming years.
A large number of construction projects have been delayed or canceled on account of the impact of novel coronavirus on the governments and companies that commissioned them. In addition, supply chain bottlenecks of materials and equipment are anticipated to cause project delays or reduced spending, thereby restricting the market growth over the forecast period.
The retail, storage, and warehouses end-user segment is expected to expand at a CAGR of 6.2% over the forecast period owing to the increasing adoption of on-demand warehousing, wherein companies with excess warehouse capacity can fill their space by leasing them to sellers with seasonal or temporary storage needs without entering into long-term agreements.
Engine-powered scissor lifts tend to be more construction-oriented as they can be easily driven and used on slopes compared to electric lifts. In addition, they have a greater vertical reach, higher weight capacity, and larger working platforms, which eventually provides more accessibility for multiple workers, thereby driving the product demand over the coming years.