Global Scissor Lifts Market Size to reach USD 1.2 billion by 2025 | CAGR: 5.2%
New York 24 April 2018, Global Scissor Lifts market was valued approximately USD 750 million in 2016, is anticipated to grow at a CAGR of 5.2% during forecasted period. The market is majorly driven by rising demand from constructions activities around the globe. Rising real estate developments in countries such as china and India are also likely to fuel the market growth.
The scissor lifts are widely used in construction, mining operations, irrigation, urban infrastructures, airports, railways, ports construction among others.
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Global Scissor Lifts Market Size Study, By Component (Mobile, and Stationary), By Working Height (Below 6 Meter, 6 – 12 Meter, and Above 12 Meter), By End-Use (Telecommunication, Government, Construction, Transport & Logistics, and Others), and Regional Forecasts, 2017-2025
The market for scissor lifts is like to get restricted owing to the longer life span of old lifts followed by high cost of new equipment. Huge capital investment required to install and scissor lifts are the major reason why most of the end users tends to rent the lifts instead of buying, such factors are also likely to hinder the market over the forecast period.
Key findings of the study:
- Developments in supportive infrastructure and enabling technologies to create significant growth opportunities in Asia Pacific Market.
- Countries such as china and India are anticipated to be the highest growing countries in the world.
- Construction industry is expected to witness growth rate more than 6% over the forecast period.
Bizwit Research & Consulting LLPhas considered following segments for the study:
- Below 6 Meter
- 6 – 12 Meter
- Above 12 Meter
- Transport & Logistics
- North America
- Asia Pacific
- Latin America
- Rest of the World