Press release
Stairlift Market is projected to reach USD 1616.97 Million in 2029 at a CAGR of 7.07%: Cognitive Market Research
Stairlift Market is projected to reach USD 1616.97 Million in 2029 at a CAGR of 7.07%: Cognitive Market Research
Read Full Report with Table of Contents : https://www.cognitivemarketresearch.com/stairlift-market-report
Stairlift Market Overview:
A stair lift is a motorized chair that is connected to a track, which is bolted onto the treads of stairs. The stairlifts are used to help those that are having trouble climbing their stairs access the upper or lower level of their home or outdoor space.
Increasing disability in senior adults, rise in number of injured people and growing incidence of musculoskeletal disorder is anticipated to drive the growth of stairlift market
Regional Analysis of Stairlift Market:
Geographically, North America accounted for the largest revenue share in year 2021 and is further expected to dominate during forecast period. Furthermore, Europe holds the second largest market share owing to the factors such as increasing disability in older population coupled with growing average age of population in this region.
Top players involved in the Stairlift market:
• Thyssenkrupp Elevator AG
• Handicare Group AB
• Bruno Independent Living
• Aids Inc
• Stannah Lifts
• Holdings
• Acorn Stairlifts
• Candor Care Limited
• Acme Home Elevator
• Ameriglide Inc
• Garaventa Ltd
• Platinum Stairlifts
• Others.
Current Trends of Manufacturers:
TubToday has launched industry leading stairlift product line
- November 14, 2022, TubToday has launched two classes of stairlifts to its line- up. The TubToday straight stairlifts work on a composite worm/screw drive. The composite material has made it exceptionally quiet without lubrication and its screw gear provides maximum torque and dependability. TK Elevator has developed new S100 stairlift
- On August 03, 2022, TK Elevator has developed new S100 stairlift. The new S100 stairlift is equipped with extensive safety features such as an armrest detection. Additionally, it has an emergency stop button and an optional call device optimize safety and control that allows the user to contact friends, family, and medical advisers. Furthermore, it features new high-quality safety belt detection ensures maximum safe operation. Savaria has announced to Acquire Swedish Listed Company Handicare Group AB
- On January 2021, Savaria Corporation has made a recommended cash offer to acquire all the issued and outstanding shares of Handicare Group AB. This acquisition enables Savaria to enhance its position in accessibility industry and enhances its portfolio offerings of stairlifts.
Segment Analysis:
Straight Stairlift holds the major share of the global stairlift market in 2021. This is due to major residents uses straight staircases as it is user-friendly, cost- effective and safe.
- Stairlift Type
• Straight Stairlift
• Curved Stairlift
• Standing Stairlifts
• Vertical 'through-floor' lifts
• Platform Stair Lift
- Installation
• Indoor
• Outdoor
- Configuration
• Custom-built stair lifts
• Modular stair lifts
- Operating Mode
• DC Battery Power
• AC Electric Power
By Application, residential segment holds the significant share of global stairlift market owing to increasing elder population worldwide and rising preference for buying products which would help their daily activities in their home.
- Application
• Residential
• Commercial
Related Report:
• Global Wheelchair Stair Climber Market- https://www.cognitivemarketresearch.com/wheelchair-stair-climber-market-report
• Global Home elevator Market- https://www.cognitivemarketresearch.com/home-elevator-market-report
• Global Curved Stair Lift Market - https://www.cognitivemarketresearch.com/curved-stair-lift-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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