Stair Lift Market by Product Type, Rail-User Orientation, End-user Type, Installation Type, Company Profiles & Forecast to 2022

ReportsnReports.com adds "Stair Lift Market - Global Outlook and Forecast 2017-2022" report to its research store.

The global stair lift market is likely to cross US$1.7 billion, growing at a CAGR of 8.4% during the period 2016-2022. The growth is primarily driven by the inclination of the aging and disabled population toward active and independent living and substantial growth in the second-hand market for stairlift.

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While seated stair lift constitutes more than 72% of the total market revenue, stair lifts with integrated wheelchair platforms are growing at a faster pace. The market in North America will witness huge growth during the forecast period.

Major Vendors included in the report are as following:
• Acorn
• Bruno Independent Living Aids
• Stannah
• Handicare
• ThyssenKrupp AG

Other prominent vendors in the market include Platinum Stair Lifts, Harmar, Otolift, MediTek, Savaria, Sugiyasu, DID - Daido, Kumalift, Hiro Lift, and Access BDD.

The report includes a detailed study of growth drivers, trends, and restraints and profiles the leading vendors in the market and other key vendors. The report also provides in-depth analysis of the global market and provides the growth forecast for the period 2016-2022

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The report takes into consideration the sale of stair lift and spares to the first buyers from various end-user segments, including individuals, hospitals, medical centers, and commercial clients. The sale of both straight and curved stair lift was considered across various sales channels, including direct sales – online and offline. The market research report provides the detail of the market size in the following segments:

Rail Orientation:
• Curved
• Straight

User Orientation:
• Seated
• Standing and perched
• Integrated wheelchair platforms

Installation Type: Indoor & Outdoor

End-user Type: Residential & Hospitals and clinics

Major Geographies:
• APAC
• EMEA
• Latin America
• North America

Key Countries:
• Canada
• China
• Japan
• US

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The US is the largest market in terms of revenue generated not only for the stair lift market but also for the mobility-assistance and devices market. Rising geriatric population and increasing incidence of disability and obesity in the US are major factors driving the demand for mobility-assisting equipment in the region. Also, the presence of leading manufacturers of mobility-assisting equipment, including wheelchairs, mobility scooters, and chairlifts in the region further contributes to the growth of the market in the region.

The UK is the largest market in Europe followed by Germany and the Netherlands; wherein there is a high ownership of mobility-assisting equipment and devices among the disabled and elderly population. Also, APAC is expected to grow at a faster rate driven by continually improving healthcare infrastructure and expanding target audience in key economies of India and China.

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