Scissor Lift Market Trends

Growth Drivers

• New Scissor Lift Innovation- They have been able to move upwards by over 1.5 degrees due to the advent of a variable angle technology in their scissor lifts. Variable lifts allow operators to have more flexibility at the operation site because they are capable of raising scissor lifts with tilt technology on slide slopes as high as 3 degrees.
• Increasing Use of Automatic Machinery- A number of promising market opportunities are expected to arise as a result of the increasing popularity and adoption of warehouse automation coupled with robotic technology. There are now 2.7 million industrial robots operating in businesses all over the world, an increase of 12% compared to last year, thanks to the latest World Robotics 2020 study published by the International Federation of Robotic Industries. In total, approximately 373,000 units have been delivered worldwide as of 2019.
• Rise in Retail and Manufacturing Facilities- Scissor lifts are used in all industrial sectors to perform a variety of tasks, such as variable height working stations, machine feeds, and outside feeding or both internal and external level fluctuations. According to estimates, by 2019 there will be 10 million factories in the world.

Challenges

• Requirement for Routine Maintenance- Maintenance and nearly daily checks are required on scissor lifts. Ensuring that the machinery is operated in an orderly way and ensuring workers' safety are of paramount importance. By giving workers training in operation, and inspecting machines before each use, it is possible for companies to limit the risk of accidents. Market growth is likely to be hampered by the costs of training staff and daily maintenance.
•  High Scissor Lift Investment Cost
• Tough Regulations for New Product Development