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Stair Lift Market - Forecast (2020 - 2025)

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  • 102 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 4425368
The global Stair lift market is valued 988.2 in the year 2017 and is anticipated to grow at a CAGR of 7.11% during 2018-2023. Stair lift is segmented based on the type available straight lift and the curved lift. Straight lift revenue is dominating the market which is valued 608.0 in the year 2017 and the curved lift revenue is 380.2 in the year 2017. The demand of stair lift market is more in Europe which is 43% and followed by North America which is 31%.

What is Stair lift Market?

Stair lift is the mechanical device used by people to move up and down stairs. It is provided with a rail along the stairs by which the person can move. It is provided with a switch by which the person can operate and move. There are different lengths available in the rail by which the weight of the rail may even vary. The installation of stair lifts is also easy as they can be self-installed. This stair lifts are more comfortable and are easy to use. This is designed by considering the safety measures which gives an alarm if the person is not seated properly.

Stair Lifts Market

Market Research and Market Trends of Stair Lift market

Handicare is investing in the EnviSion photosurvey 3D tool which enables the user to visualize how the stairs are going to look after the installation of stair lift by incorporating images of their homes into the software.

Government is imposing strict rules across the globe to take up the initiatives to use stair lift in medical and other areas which would help aid disabled or old aged people who require them in case of health emergencies.

Microsoft augmented reality technology is being used to install stair lifts where people can see by using hololens where the customers can make chairs in the chair or rail color and add additional features. By using this hololens the company is able to measure the stair case faster than even before by which it is helping to spend more quality time to spend with the customers on discussing and visualizing about more options such as the rail color.

Stair lifts are also provided with a backup batteries to solve the issues with the backup batteries the machine sensors are connected to the UPS and a wireless connection through an IoT network detects the fault in the battery and send a notification to the customer through SMS or email allowing them to react quickly.

Who are the Major Players in Stair Lift market?

The companies referred in the market research report includes Stannah Stairlifts Ltd, Acorn Stairlifts, ThyssenKrupp AG, Bruno Independent Living Aids, Platinum Stair lifts Ltd, Harmar, Handicare Group AB, Otolift Staitlifts Ltd.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Stair Lift Market - Overview
1.1. Definitions and Scope
2. Stair Lift Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Stair Lift Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Stair Lift Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Stair Lift Market - Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Stair Lift Market – By Product Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Introduction
6.3.2. Straight Stair lift
6.3.3. Curved Stair lift
6.3.4. Standing Stair lift
6.3.5. Platform lift
8.3.6. Pool lift
7. Stair Lift Market – By Mode of Operation (Market Size -$Million / $Billion)
7.1. Introduction
7.2. Alternating Current
7.3. Battery
8. Stair Lift Market – By Mobility (Market Size -$Million / $Billion)
8.1. Introduction
8.2. Indoor
8.3. Outdoor
9. Stair Lift – By End-users(Market Size -$Million / $Billion)
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis by Type
9.3.1. Introduction
9.3.2. Healthcare Facilities
9.3.3. Home care settings
9.3.4. Others
10. Stair Lift - By Geography (Market Size -$Million / $Billion)
10.1. Stair Lift Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Stair Lift - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Stair Lift - Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Stair Lift – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Stair Lift Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Stair Lift Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Acorn Stair lifts
12.3. ThyssenKrupp AG
12.4. Bruno Independent Living Aids
12.5. Platinum Stair lifts Ltd
12.6. Harmar
12.7. Handicare Group AB
12.8. Otolift Stair lifts Ltd
12.9. Prism Medical Ltd
13. Stair Lift Market - Appendix
13.1. Abbreviations
13.2. Sources
14. Stair Lift Market - Methodology
14.1. Research Methodology
14.1.1. Company Expert Interviews
14.1.2. Industry Databases
14.1.3. Associations
14.1.4. Company News
14.1.5. Company Annual Reports
14.1.6. Application Trends
14.1.7. New Products and Product database
14.1.8. Company Transcripts
14.1.9. R&D Trends
14.1.10. Key Opinion Leaders Interviews
14.1.11. Supply and Demand Trends