Stair lifts are a mechanical system designed to aid persons with disabilities. This is a chair or platform that can move along a rail or track that is directed along a staircase thanks to a motor. Stair Lifts Market: Global Industry Analysis 2012–2016 and Forecast 2017–2025 is the title of a recent study centred on these lifts by Persistence Market Research. The goal of this thorough investigation is to provide helpful market knowledge to the public. The stair lifts market analysis evaluates prospects in the global market by estimating the yearly sales volume (units) and value (US$ Mn) of various types of stair lifts installed in private, public, and commercial locations. According to the analysis, by the end of 2025, the global market for stair lifts is anticipated to be worth over US$ 1,600 Mn. During the forecast period, the market is anticipated to grow at a strong CAGR of 6.5 percent. The U.S. and Japanese markets have seen a significant increase in demand for stair lifts during the past ten years.
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Analysis of Market Segments for Stairlifts Worldwide
- According to region, North America is estimated to have a market size of over US$ 420 Mn by the end of 2025, rising at a CAGR of 7.3% throughout the forecast period. During the duration of the forecast, Europe is also anticipated to become more appealing.
- Curved stair lifts are anticipated to hold the greatest market share in terms of rail type by the end of 2025, while straight stair lifts are anticipated to see the quickest growth with a growth rate of 7.5% during the forecast period.
- Residential spaces have a larger market share than commercial spaces based on install location, but the commercial spaces segment is expected to increase at a faster rate throughout the forecast period.
- A predicted market value of over US$ 1,300 Mn by the end of 2025, rising at a CAGR of 7.2%, places the direct current sector at the top of the worldwide stair lifts market by power source.
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Market for Stairlifts Worldwide: Competitive Environment
A SWOT analysis of each of the leading companies in the global stair lifts market is included in the study along with brief biographies of each. Some of the significant companies mentioned in the study include Savaria Corp., Handicare Group AB, Lehner Lifttechnik GmbH, Otolift Stairlifts Ltd., Harmar Mobility LLC, Prism U.K. Medical Limited, Bruno Independent Living Aids, Inc., Platinum Stair Lifts Ltd., HIRO LIFT (Hillenkötter + Ronsieck GmbH), Kumalift Co., Ltd., SUGIYASU Co., Ltd., Symax
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