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The electric scissor market size is forecast to increase by USD 271.7 million at a CAGR of 10.03% between 2023 and 2028.
The electric scissor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The cordless electric scissors segment is estimated to witness significant growth during the forecast period.
The market encompasses various types of access equipment, including scissor lifts and boom lifts, which cater to diverse industries such as construction and industrial facilities. A key trend in this market is the increasing adoption of electric power sources, including DC and AC power, and battery power, for scissor lifts. These electric lifts offer several advantages, including reduced emissions, quieter operation, and greater maneuverability compared to their hydraulic counterparts. Cordless electric scissor lifts, in particular, have gained significant traction due to their portability and convenience. These lifts, which operate without being tethered to a power source, are widely used in industries like fabric and paper production, where frequent movement and precise cutting are essential.
With a charging time of approximately 1 to 3 hours, these lifts offer up to 1 to 3 hours of continuous operation, making them ideal for indoor and outdoor applications. Safety is a top priority in the market, with features such as emergency stop buttons, control panels, and platform safety sensors ensuring operator safety. Maintenance agreements are also increasingly popular, as they provide regular inspections and repairs, ensuring the longevity and optimal performance of the equipment. Rough terrain scissor lifts, with their heavy-duty construction and outrigger systems, are well-suited for outdoor use and heavy-duty applications. Telescopic boom lifts and articulating boom lifts offer greater reach and versatility, making them essential for accessing high and hard-to-reach areas.
The market is witnessing significant growth, driven by the increasing demand for electric power sources, the need for portability and convenience, and the importance of safety and maintenance. Cordless electric scissor lifts, with their ease of use and versatility, are leading the charge in this evolving market.
The Cordless electric scissors segment was valued at USD 194.90 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth in various industries, particularly in North America, due to the increasing demand for electric scissor lifts in construction equipment applications. These lifts, which feature a hydraulic system and a control panel, are increasingly being used in industrial facilities for tasks such as fabric cutting and maintenance platform access. The popularity of electric scissor lifts is driven by their versatility and ease of use, with many models offering features such as battery power, remote control, and wireless control. In recent years, there has been a surge in interest in both home decor and personal sewing projects, leading to an increase in demand for these lifts in North America.
The US, as the largest contributor to the market in this region, is expected to maintain its dominance due to the large number of industrial facilities and the growing trend of DIY home improvement projects. Operator safety is a key consideration in the design of electric scissor lifts, with features such as emergency stop buttons, lifting speed limits, and safety interlocks ensuring safe and efficient operation. Electric scissor lifts are also gaining popularity in outdoor applications, such as rough terrain and construction sites, where their maneuverability and lifting capacity make them an attractive alternative to traditional aerial work platforms. With charging times continuing to decrease and descent speeds increasing, these lifts offer a cost-effective and efficient solution for accessing high work areas.
Maintenance agreements are increasingly being offered by manufacturers to ensure the longevity and optimal performance of electric scissor lifts. These agreements provide regular inspections, maintenance, and repairs, ensuring that the lifts remain in good working order and comply with safety regulations. With safety features such as outrigger systems and platform height limits, electric scissor lifts offer a safe and reliable solution for a range of applications, from indoor use in factories and warehouses to outdoor use in construction sites and landscaping projects.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The electric scissor market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric scissor market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, electric scissor market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
General Tools and Instruments LLC - The company specializes in providing electric scissors, including cordless craft scissors, enhancing creativity and precision for various projects.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The electric scissor lift market is witnessing significant advancements, with key trends including remote monitoring, traction control, and wind resistance for enhanced work area setup and uptime optimization. Telescopic platform designs offer corrosion resistance and data logging capabilities, enabling ground control systems to ensure energy efficiency and fleet management. Fall protection and automatic leveling prioritize jobsite safety, while dual platform and rotating models cater to diverse applications. Low noise operation and replacement parts availability are essential for maintaining productivity and reducing downtime.
Preventive maintenance and service centers ensure the longevity of these machines, while personal protective equipment and platform extension options ensure operator safety. Regenerative braking and anti-slip surfaces contribute to the market's growth, as manufacturers focus on improving performance and reducing environmental impact.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Electric Scissor Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
130 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
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Market growth 2024-2028 |
USD 271.7 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
8.88 |
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Key countries |
US, China, UK, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this electric scissor market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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