Press release
Stair Lifts and Climbing Devices Market Growth Forecast 2024-2033
Stair Lifts and Climbing Devices Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12235&type=smp
According to The Business Research Company's, The stair lifts and climbing devices market size has grown rapidly in recent years. It will grow from $1.9 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to improved healthcare, rise in disabilities, awareness and accessibility regulations, aging population, consumer preferences.
The stair lifts and climbing devices market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to global accessibility awareness, environmental sustainability, rise in home healthcare services, chronic health conditions. Major trends in the forecast period include enhanced safety features, compact and space-saving designs, modularity and flexibility, quiet and efficient operation, improved battery technology.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/stair-lifts-and-climbing-devices-global-market-report
Market Drivers and Trends:
The increasing prevalence of disabilities is expected to propel the growth of the stair lifts and climbing devices market going forward. A disability is defined as any mental or physical condition that makes it more difficult for the person with the condition to do specific tasks (activity limitation) and interact with the environment around them (participation limits). Disability is frequently preceded by chronic disorders, including diseases such as diabetes and congestive heart failure as well as disabilities such as cognitive and visual impairment. Stairlifts and climbing devices allow individuals with disabilities to move freely between floors of their houses, giving them more mobility, freedom, and access to other surroundings while also eliminating the need for help or reliance on caregivers to traverse steps. For instance, in April 2023, according to the report published by the World Health Organization (WHO), a Switzerland-based international organization for public health, an estimated 1.3 billion individuals were severely disabled globally, which equates to 16% of the world's population or one in every six individuals. Therefore, the increasing prevalence of disabilities is driving the growth of the stair lifts and climbing devices market.
Technological advancement has emerged as a key trend gaining popularity in the stair lifts and climbing devices market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in April 2021, Pearson Lloyd, a UK-based product, furniture, and innovation design studio, introduced Flow X, a revolutionary new stairlift that prioritizes ergonomics and aesthetics. The Flow X is a modern stairlift designed for people who require a little assistance with mobility within their homes. Its. Its patented ASL (Advanced Swivel Leveling) technology ensures that the seat and footrest rotate together, maintaining optimal distances between the chair and staircase. It allows the user to get on and off without twisting their body. It also has a built-in call feature that allows three phone numbers to be programmed in, allowing users to contact family, friends, and medical or care teams while the chair is moving.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
ThyssenKrupp Elevator Technology, Maine Accessibility Corporation, AEL Inc., Leaf Home Safety Solutions LLC, Savaria Corp, MobilityWorks LLC, Handicare Stairlifts Inc., Bruno Independent Living Aids Inc., Stannah Lifts Holdings Ltd., ProCare Medical, Zonzini AB, Garaventa Lift Group, Hiro Lift HillenkÖTter + Ronsieck Gmbh, Harmar Mobility LLC, Lifeway Mobility LLC, Otolift Stairlifts Ltd., Platinum Stairlifts Limited, Access BDD, Arrow Lift, AmeriGlide, Amramp Accessibility, American Elevator Corporation, Brooks Stairlifts Limited, Hoveround Corporation, Acorn Stairlifts Inc.
Stair Lifts and Climbing Devices Market 2024 Key Insights:
• The stair lifts and climbing devices market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• Rising Disability Prevalence Fuels Expansion Of Stair Lifts And Climbing Devices Market
• Technological Advancements Enhance Stair Lifts And Climbing Devices Market Presence
• North America was the dominant region in the stair lifts and climbing devices market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12235&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Stair Lifts and Climbing Devices Market Growth Forecast 2024-2033 here
News-ID: 3759083 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Stair
Stair Treads Risers Market
According to Market Research Intellect, the global Stair Treads Risers market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The stair treads and risers market is witnessing steady growth, fueled by increasing construction activities in residential…
Pet Ramp And Stair Market Size Analysis by Application, Type, and Region: Foreca …
USA, New Jersey- According to Market Research Intellect, the global Pet Ramp And Stair market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for pet ramps and stairs is expanding steadily due to the growing number of pet owners and the increased focus on…
Stair Trucks Market Size by 2020-2025
Scope of the Report:
The worldwide market for Stair Trucks?is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2024, from x million US$ in 2019, according to a new Global Info Research?study.
The report presents the market outlook for the Indian Phospho Gypsum product from the year 2019 to the year 2025. The report provides a definition of the product.…
Stair Lift Market to reach USD 1228.43 million by 2025 | Platinum Stair lifts, H …
Comprehensive analysis of 'Stair Lift market' with detailed information of Product Types, Applications & Key Players such as Platinum Stair lifts, Harmar Mobility LLC, Bruno Independent Living Aids Inc., ThyssenKrupp Accessibility BV, Stannah Lifts Holdings Ltd.
Download Free Sample Copy of 'Stair Lift market' Report @
https://www.reportocean.com/industry-verticals/sample-request?report_id=16116
The report provides in-depth analysis of market segments that covers perfect Market definitions, latest trends, market size, and status, revenue by region, classifications, manufacturing…
Straight Stair Lifts to Witness Higher Demand in the Global Stair Lifts Market D …
Global Stair Lifts Market: Overview
Stair lifts are a mechanical setup that aims to help disabled people. This is a chair or platform that is motorized to travel along the rail or track guided along the stairway. A new research based on these lifts by Persistence Market Research is titled ‘Stair Lifts Market: Global Industry Analysis 2012 –2016 and Forecast 2017 – 2025’. This comprehensive research is intended to guide people…
Stair Lifts Market By Rail Type (Curved Stair Lifts, Straight Stair Lifts, Platf …
Industry Outlook and Trend Analysis
The Stair Lifts Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Stair lift, normally utilized in healthcare facilities or home care settings, are mechanized seats which keep running along a rail or track and are fueled by batteries or current so they can work even at times of power cuts. Stair lifts for…
