Stairlift Market Analysis,Market Share,Opportunities,Threats And Forecast Period 2017–2026

The global stairlift market is estimated to value US$ 1.2 Bn in 2017 and is projected to register a CAGR of 6.2% in terms of value during forecast period 2017–2026.

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Stairlifts used in applications such as in residential buildings, hospitals and clinics, educational institutes, restaurants, and commercial or public spaces such as shopping malls, and offices.

The straight stairlift product type segment in the global stairlift market is expected to register highest share in the target market and is expected to register CAGR of over 6% over the forecast period, owing to its easy installation and comfort.

The market in Europe is expected to account for highest share in terms of revenue in the global stairlift market, expanding at a CAGR over 6% from 2017 to 2026. Increasing demand for multi-functional stairlifts and presence of prominent manufacturers with strong domestic presence in various countries in the region are major factors expected to drive growth of the Europe stairlift market.

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The market in North America is expected to account for second-highest share in the target market over the forecast period, owing to increasing incidence of fall injuries in the US, especially among older individuals (aged 65 years and above) is a major factor driving adoption of stairlifts in the country, which in turn is boosting growth of the North America stairlift market.

The market in Asia Pacific accounted for revenue share over 15% in the global stairlift market in 2016. The Asia Pacific market is projected to register a CAGR over 6% over the forecast period (2017–2026).

According to a report published by the International Longevity Center (ILC) Japan – a member of the ILC Global Alliance aimed at helping address longevity and population aging by conducting international and interdisciplinary surveys – it is projected that one in every three persons will be 65 years old or over by 2050.

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