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