As rental companies are playing an increasingly important role in the global scissor lifts market, developing countries are expected to gain a major thrust in upcoming years. As per recent research, technological advancements resulted in the emergence and growing popularity of hybrid and electric lifts are believed to be responsible to expedite their adoption across an expanding base – in indoor as well as outdoor applications. Substantial incremental growth opportunities will be created for key manufacturers by the flourishing material handling equipment market.
The US$ 2.87 Bn global market for scissor lifts will possibly expand at a CAGR of 3.9% to reach US$ 4.2 Bn by the end of 2028 end.
With increasing demand for technological products for maintenance and other material handling activities, the market for scissor lifts is anticipated to register 1.5X growth over the assessment period. Increasing awareness in Europe and US, in addition to safety regulations set by governments, is presumed to accelerate the growth of scissor lifts market in near future. Governmental norms standardized for scissor lifts are likely to augment the rate of deployment of scissor lifts by various end-use sectors in upcoming years.
Developed Countries Slated to Witness Decline, Developing Economies Poised for Robust Growth
Scissor Lifts Market: Emerging Economies Projected for Robust Growth; Commercial Sector Raises Significant Demand: Global Industry Analysis (2013 - 2017) and Opportunity Assessment (2018 - 2028)Buy Now
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