A mechanical apparatus called a stair lift is intended to help people with impairments. Here, a motor allows a chair or platform to travel along a rail or track that is directed up a staircase. A new report on these lifts by Persistence Market Research is titled Stair Lifts Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025. This extensive analysis aims to give the general public useful market information.
By calculating the annual sales volume (units) and value (US$ Mn) of various types of stair lifts installed in private, public, and commercial settings, the stair lifts market report examines prospects in the global market. The report predicts that the global market for stairlifts would be valued more than US$ 1,600 Mn by the end of 2025. The market is predicted to expand at a robust CAGR of 6.5 percent over the course of the forecast period. Over the past ten years, stair lift demand
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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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