Stairlifts market growth over the forecast period 2019-2027 | Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd., Inc

Continuous technological advancement and launch of innovative stairlifts is expected to drive the market growth over the forecast period. For instance, in July 2019, MediTek Ltd. launched the MediTek E120 Essential Stairlift. It is integrated with advanced features such as joystick control, manual swivel lever, Intelligent Control and Diagnostic System (ICS), continuous charging strip and others.

In January 2018, Harmar Mobility LLC announced the launch of Pinnacle SL300 straight stair lift. The newest Pinnacle Harmar’s SL600 and SL600HD is integrated with compact dimensions, lengthy operation during power outages and the automatic/mechanical folding rail options. These some of the benefits continued in the SL300 along with SL600 and SL600 HD.

Request a sample report @ https://www.coherentmarketinsights.com/insight/request-sample/471

However, increasing product recalls and stringent regulatory guidelines for product launch and product approvals, are expected to hamper growth of the market over the forecast period. For instance, in July 2015, Acorn Stairlifts recalled around 34,500 units of its Motorized Stair Lifts due to issues such as the seat post separating from the main seat support in the United Kingdom.

Key players operating in the market are focusing on strategic investments in order to develop new products and expand their product portfolio to increase their market positioning. For instance, In February 2018, Stairlift manufacturer Platinum Stairlifts received investment from private equity firm, NorthEdge Capital, for development of new products and improve its proposition for distributors.

Companies operating in the global stairlifts market include Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd., Inc., Handicare Group AB, Otolift Stairlifts Ltd., Prism U.K. Medical Limited, Platinum Stair Lifts Ltd., Kumalift Co., Ltd., Symax Lift (China) Co, Ltd, Taamal Seed Electra Group, Savaria Corp, Lehner Lifttechnik GmbH, thyssenkrupp AG.

Download PDF brochure of this report @ https://www.coherentmarketinsights.com/insight/request-pdf/471

Coherent Market Insights 1001 4th Ave,
#3200 Seattle, WA 98154,U.S.
Phone: US +1-206-701-6702/UK +44-020 8133 4027
Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide.

This release was published on openPR.