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2021
Automotive Scissor Lift Market

Automotive Scissor Lift Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Product Type (Hydraulic Scissor Lift and Pneumatic Scissor Lift), Lifting Capacity (Up to 5, 000 lb, 5, 001–10, 000 lb and More than 10, 000 lb), and Rise Level (Low, Mid and High): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12282
Pages: 266
Sep 2021 | 1759 Views
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 138
Charts: 47
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Automotive Scissor Lift Market Statistics 2030 -

The global automotive scissor lift market was valued at $205.4 million in 2020, and is projected to reach $386.3 million by 2030, registering a CAGR of 6.6% from 2021 to 2030.

COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Rapid spread of the disease has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles. Industry experts believe that post the pandemic, last-mile conveyance will shift toward personal mobility and the electric vehicle industry will register a suitable growth rate.

Automotive scissor lift is a specially designed machine or lift, which is intended to lift the vehicle vertically upward to perform efficient vehicular servicing by authorized personnel. Scissor lifts for vehicle usage are designed in such a way that vehicles are parked over the ramp of the lift and the ramp pushes the vehicle in upward direction, thus offering a wider space for the service man to work under the vehicle. Multiple scissor lifts are designed for numerous types of vehicles with different weight carrying capacity, which creates a wider scope for the installation of scissor lifts in service stations. Moreover, the installation of scissor lifts in automobile servicing stations & outlets creates wide space in the area as the vehicle is lifted vertically up thus allowing more space for other vehicles to park.    

Automotive-Scissor-Lift-Market,-2021-2030   

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Factors such as increase in automobile production, rise in the trend of vehicle customization coupled with rise in disposable income, and rise in stringent workplace safety regulations drive the growth of the automotive scissor lift market across the globe. However, high initial investment and increase in safety issues related to scissor lifts act as the major challenges for the growth of the global market. On the contrary, high growth potential in untapped developing markets such as Africa & Asia and rise in need for automobile maintenance & repair are expected to create numerous opportunities for the expansion of the automotive scissor lift market during the forecast period.

The global automotive scissor lift market is segmented into vehicle type, product type, lifting capacity, rise level, and region. By vehicle type, the global market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Depending on product type, it is categorized into hydraulic scissor lift and pneumatic scissor lift. On the basis of lifting capacity, it is segregated into up to 5,000 lb, 5,001–10,000 lb and more than 10,000 lb. As per rise level, it is differentiated into low, mid, and high. Region wise, the global market has been studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the global automotive scissor lift market are ARI-HETRA, BendPak Inc., Challenger Lifts Inc., EAE Automotive Equipment Co. Ltd., Hunter Engineering Company, MAHA Maschinenbau Haldenwang GmbH & Co. KG., Nussbaum Custom Lifts GmbH, PEAK, Ravaglioli S.p.A., and Rotary Lift.

Automotive Scissor Lift Market
By Vehicle Type

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Heavy Commercial Vehicles is projected as the most lucrative segments

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Increase in automobile production

The demand for automobiles has significantly increased, which leads to increase in production in almost every country due to urbanization and introduction of shared mobility across the globe. Automakers are continuously innovating to meet the increasing demand from different regions, which notably contributes toward the growth of the market. Along with customization as per the desire of customers, services are being offered after the sale of the vehicle in accessories or designs, which have significantly boosted the automotive market growth. This, in turn, is expected to create numerous opportunities for the growth of the global automotive scissors market, thus enabling the service providers to introduce developed servicing system in their service stations.

Automotive Scissor Lift Market
By Product Type

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Hydraulic Scissor Lift is projected as the most lucrative segments

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Rise in trend of vehicle customization coupled with surge in disposable income

Globally, the disposable income of individuals has been increasing considerably. For instance, according to the Office for National Statistics (ONS), Europe accounted for high household disposable income in 2019. In addition, China’s per capita disposable income observed an increase of 6.3% in the same year. In addition, rise in trend of vehicle customization due to increase in disposable income of vehicle owners along with the need to provide aesthetic look to cars creates a wider space for smart & safe lifts boosts the growth of the global market.

Automotive Scissor Lift Market
By Lifting Capacity

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More than 10,000 lb is projected as the most lucrative segments

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Increase in safety issues related to scissor lifts

The rate of accidents related to scissor lifts has increased at an alarming rate over the past few years, rising from around 1,000 per year to 1,300 per year. More than 50% of the injured individuals are unskilled labors & service providers who are involved in operating the lift without any prior experience. In addition, of all the lifts that are used in the workplace, scissor lifts are one of the most unsafe and are often used due to the fact that they provide more working space. Scissor lifts are more likely to become unstable, specifically if they are not operated and loaded appropriately. For instance, according to the Occupational Safety and Health Administration (OSHA), roughly around 85 deaths and 34,900 serious injuries were registered due to scissor lift accidents in 2020. Moreover, according to the National Institute for Occupational Safety and Health (NIOSH), rolling or overturning of scissor lifts; falling of load from the lift ramp; and workers being hit, crushed, or pinned by scissor lift panels are the most common types of injuries that occur due to accidents. Thus, increase in safety issues and accidents related to scissor lifts is anticipated to hinder the growth of the global market during the forecast period.

Automotive Scissor Lift Market
By Rise Level

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Mid is projected as the most lucrative segments

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Surge in need for automobile maintenance & repair

Rise in sales of automobile is expected to surpass 400 vehicles per 1000 population in the coming years from 300 vehicle per 1000 population in 2020. Moreover, the vehicle run per kilometer has increased considerably, which has led to increased component replacement and maintenance. In modern vehicles, most of the components are fixed or replace under the car, thus, the vehicle is required to be at certain height for under body work to be carried out effectively. For instance, American Custom Lifts, a market leader for 20 years, manufactures various custom scissor lifts according to the need. Thus, all these factors collectively are animated to offer remunerative opportunities for the expansion of the global automotive scissor lift market during the forecast period.

Furthermore, connected vehicles work by collecting information from their surroundings and communicating it to each other, as well as intelligent transportation infrastructure and provide transport authorities with real-time traffic data for better road management and improved infrastructure planning. Thus, increase in the demand for connected car services is majorly attributed to surge in need for basic vehicle connectivity applications, such as real-time updates, navigation, and in-car infotainments. Thus, increase in penetration of advanced vehicles is expected to open new avenues for the global market.

Automotive Scissor Lift Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 9.2% during 2021-2030.

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Covid-19 Impact Analysis

  • COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge.
  • Rapid spread of the disease has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles.
  • Industry experts believe that post the pandemic, last-mile conveyance will shift toward personal mobility and the electric vehicle industry will register a suitable growth rate.
  • Amid a new reality of working from home, canceling trips, and even forgoing outings to restaurants and grocery stores, the mobility industry encompassing a range of lightweight vehicles, such as bicycles, e-scooters, and mopeds, is facing devastating decline in ridership and revenue.
  • Moreover, by the end of 2020, the situation came in control in some countries due to which the demand & supply gap was met. This resulted in registration of new vehicles to prevent public transport for commuting.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global automotive scissor lift market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global automotive scissor lift market with a detailed impact analysis.
  • The automotive scissor lift market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Product Type

  • Hydraulic Scissor Lift
  • Pneumatic Scissor Lift

By Lifting Capacity

  • Up to 5,000 lb
  • 5,001–10,000 lb
  • More than 10,000 lb

By Rise Level

  • Low
  • Mid
  • High

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY PLAYERS

  • ARI-HETRA
  • BendPak Inc.
  • Challenger Lifts Inc.
  • EAE Automotive Equipment Co. Ltd.
  • Hunter Engineering Company
  • MAHA Maschinenbau Haldenwang GmbH & Co. KG.
  • Nussbaum Custom Lifts GmbH
  • PEAK
  • Ravaglioli S.p.A.
  • Rotary Lift
 

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The growth of the global automotive scissor lift market is driven by numerous developments carried out by the top automotive scissor lift manufacturers which has led to the growth of the market..

In addition, the development of advanced vehicle servicing equipment such as lightweight and durable scissor lifts supplements the growth of the market across the globe. Moreover, the key players such as ARI-HETRA, Challenger Lifts and Nussbaum Custom Lifts GmbH have carried out developments  in the automotive scissor lift industry, which leads to the growth of the market across the globe. For instance, in July, 2020, Nussbaum Custom Lifts GmbH acquired its sister company Otto Nußbaum GmbH & Co. KG. In addition, in November, 2019, ARI-HETRA entered into partnership with MAHA USA to design, manufacture, sell, and service heavy-duty truck maintenance shop equipment in North America.

Factors such as increase in automobile production, rise in the trend of vehicle customization coupled with rise in disposable income, and rise in stringent workplace safety regulations supplements the growth of automotive scissor lift market across the globe. However, the factors such as high initial investment and increase in safety issues related to scissor lifts create a barrier for the growth of the market during the forecast period. Conversely, the factors such as untapped developing markets in Africa & Asia and rise in automobile maintenance & repair creates numerous opportunities for the growth of automotive scissor lift market during the forecast period.

Among the analyzed regions, Europe is the highest revenue contributor, followed by Asia-Pacific, North America, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to increase in trend for based servicing & increased customization of vehicles across LAMEA.

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FREQUENTLY ASKED QUESTIONS?

A. The global automotive scissor lift market was valued at $205.40 million in 2020, and is projected to reach $386.28 million by 2030, registering a CAGR of 6.6% from 2021 to 2030

A. Introduction of lightweight scissor lifts along with the introduction of hydraulic scissor lifts are the upcoming trends in the automotive scissor lift industry.

A. The sample for automotive scissor lift market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Automotive scissor lift is expected to register a suitable growth of around 6.6% during the forecast period which represents a profitable growth.

A. The automotive scissor lift market is expected to grow at a CAGR of 6.6% during the forecast period.

A. The company profiles of the top market players of automotive scissor lift market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive scissor lift market

A. Increased vehicle service across the globe supplements the growth of the market acreoss the globe.

A. ARI-HETRA, BendPak Inc., Challenger Lifts etc., are the key players operating in the global market.

A. U.S., Canada, Germany, France, China are the key matured markets growing in the automotive scissor lift industry

A. Continuous product development followed by the introduction of new vehicle serviciing system for vehicles are the known and unknown adjacencies impacting the automotive scissor lift market

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