Global Stairlift Market is Projected to Reach US$ 1.2 Billion by 2023
: Jul 10, 2020
New report published by Ameco Research which offers insights on the Global Stairlift Market
. The stairlift market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for stairlift is expected to reflect increase in the revenue growth. In 2018 the global stairlift market was valued at US$ 744 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 1,185 Mn growing at a value CAGR of 8.06% throughout the period of forecast.
Global Stairlift Market: Market Driver and Restraint
Applications of stairlift are anticipated to create new business segments in the market. A stairlift is a mechanical device for lifting people up and down stairs. For sufficiently wide stairs, a rail is mounted to the treads of the stairs. A chair or lifting platform is attached to the rail. A person on the chair or platform is lifted as the chair moves along the rail.
Global Stairlift Market: Key Takeaways
- The standard stair lift is quickly installed and does not take up a lot of foot space. No matter how your staircase is structured or how big or small it is, our professionals will come in and make sure you have the right chair by asking what your dominate hand is for the remote installation, whether you can lift your feet to step height in order to use the chair, the nature of your problems making it difficult to climb stairs, and they will measure the stairway to see if they need to install a hinged and swivel chair (a chair that easily folds the seat and arms up compact and flat), leaving the stairway open and with no obstruction.
- Modern stairlifts are quiet to use and come standard with a remote control (different types are available for different users), that are easy to use. What is convenient about stair lifts is that using the remote control, the chair can be “called” from the top or bottom of the staircase, and it will come directly to the user. This makes it convenient and ideal for households with two or more disabled individuals who need to use this chair. This feature ensures that no one is trapped down or up the stairs.
Global Stairlift Market: Forecast by Application
Form segment consists of Residence, Medicare Area, Public Place and others. Residence segment has the largest market share of 65% in 2017.
Global Stairlift Market: Forecast by Form
This segment includes Straight stairlift and Curved stairlift. In terms of volume, straight stairlift segment is expected to remain dominant in the global stairlift market.
Global Stairlift Market: Forecast by Region
First, the stairlift industry is relatively concentrated: due to the age structure and living standards, only limited countries are involved in the business. Major manufacturers of stairlift are mainly in UK and USA.
Global Stairlift Market: Key Players
ACORN, Handicare, Stannah, ThyssenKrupp, Bruno, Otolift, Harmar, SUGIYASU, DAIDO KOGYO, Platinum, MEDITEK, are the key vendors included in this report.