The Seated Stair Lift Segment to Post a CAGR of 9.7%.during 2016-2022

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. 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.

View report: Stair Lift Market - Global Outlook and Forecast 2017-2022

https://www.arizton.com/reports/automotive-mobility/stair-lift-market-global-outlook

Stair lift Market: Key Vendor Analysis

The market holds high growth prospects for vendors.

The market can be termed as attractive due to the growth prospects it holds. However, the market opportunity can be termed to be small to accommodate many players and large enough for the existing vendors to scale up. The competition among vendors is often termed to be in terms of diversity of functional offerings and market reach rather than price.

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

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
Others

Major Geographies
APAC
EMEA
Latin America
North America

Key Countries
Canada
China
Japan
US

The US to remain the largest market in terms of revenue

This report considers four major regions: APAC, Europe, North America, and RoW. It also provides the market size and growth in major countries along with the driving factors, trends, and restraints.

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.

View report: Stair Lift Market - Global Outlook and Forecast 2017-2022

https://www.arizton.com/reports/automotive-mobility/stair-lift-market-global-outlook

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