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Stair Lift Market - Global Outlook and Forecast 2020-2025

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  • 298 Pages
  • April 2020
  • Region: Global
  • Arizton
  • ID: 5011313
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The global stair lift market is expected to grow at a CAGR of over 8% during the period 2019–2025.

The global stair lift market will observe significant growth on account of the rise in physical disabilities in the aging population and adults. Stairlifts are likely to be deployed in residential and commercial sectors as they are cost-effective and provide efficient mobility solutions to consumers. The application will increase in healthcare centers, schools, and corporate workplaces. Moreover, homeowners opting to stay at respective homes are likely to install stairlifts to move independently is another factor driving market growth.

Technological innovations such as curved, outdoor, and wheelchair integrated stair lifts will further boost the market. Vendors are likely to positively impact the market by providing free delivery and multiple financing options to consumers. The increasing availability of these appliances in the market will bolster the demand during the forecast period.

The following factors are likely to contribute to the growth of the stair lift market during the forecast period:
  • Rising Aging Population with Increased Life Expectancy Rate
  • Increasing Chances of Osteoarthritis, Knee Problems, and other Age-related Diseases
  • Promotion of Active and Independent Living for Elders and Disabled
  • Growing Efforts from Governments and Private Organizations
  • Increasing Technological Innovations

The study considers the present scenario of the stairlift market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Stair Lift Market: Segmentation

This research report includes a detailed segmentation by installation, rail orientation, user orientation, application, distribution channel, and geography. The demand for indoor stair lifts is expected to increase in medical centers due to patients’ physical disabilities obstructing them from climbing stairs. They are likely to gain popularity in corporate workplaces for the ease and convenience they offer. The application is expected to increase in the residential sector as they minimize the obstruction on the stairways that enable users to access the staircase and perform tasks effectively easily.

The application of straight rails is majorly preferred in the residential sector as they are easy to install. The demand for straight lifts is likely to increase among the elderly population because they allow individuals to enter and exit and are cost-effective safely.

Seated stair lifts are preferred in the residential segment. The adoption enables the user to traverse with ease at different levels in their houses. The increasing musculoskeletal conditions in the aging population are likely to bolster the demand. The demand for standing stair lifts will to grow due to the rise in individuals suffering from joint stiffness, ailments, and hip and knee-related pain. Increased product innovations by vendors are likely to increase market dynamics, which is likely to impact market growth favorably.

The residential segment is expected to dominate the market due to the growing aging population with limited mobility. The deployment offers cost-effective and quick solutions to the elderly population. Moreover, these mobility solutions diminish the risk of fall, and advanced technology helps users to operate these lifts efficiently and enable them to traverse and independently within different floors in the house.

The healthcare segment will fuel the growth because of the increasing number of disabled people and baby boomers that opt to live in healthcare facilities due to physical disabilities. Professional caretakers cannot be expected to offer help round-the-clock. Hence, the demand in healthcare centers is likely to increase as these lifts enable individuals to traverse independently. The leisure and entertainment sector will emphasize the adoption by replacing space-consuming elevators and escalators. They would allow users to switch between floor levels, provide easy access to concert pits, and help at the entrance and exit points at public buildings.

Manufacturers are likely to bolster market growth by their unique offerings. Several manufacturers deliver stair lifts to consumers with no additional charges and provide multiple financing options. Besides, vendors are engaged in providing high-value services as well as customer-focused solutions. Dealers and distributors will bolster the sale of these products by identifying the preference of customers.

Market Segmentation by Installation
  • Indoor
  • Outdoor

Market Segmentation by Rail Orientation
  • Straight
  • Curved

Market Segmentation by User Orientation
  • Seated
  • Standing
  • Wheelchair Integrated Platform

Market Segmentation by Application
  • Residential
  • Healthcare
  • Leisure & Entertainment
  • Government & Local Authorities

Market Segmentation by Distribution Channel
  • Direct Channels
  • Dealers & Distributions
  • Government & Local Authorities

Insights by Geography

The European market is likely to grow at the fastest CAGR due to the growing aging population, coupled with an increase in per capita disposable income. Moreover, the increasing number of osteoporosis diseases in the aging population is likely to generate demand for stair lifts in residential or commercial areas. In North America, the growing prevalence of people suffering from physical disabilities and the increasing adoption of technological innovations are expected to boost the demand. The increasing number of obesity cases and the growing elderly population, which is likely to cross 95 million by 2060, is expected to bolster the demand.

Furthermore, the presence of market leaders with a wide range of mobility devices portfolios and strong distribution networks is another factor likely to fuel the demand for such lifts in the region. Increasing disposable incomes, coupled with the changing lifestyles of consumers, particularly in the developing countries of APAC, are expected to boost the growth during the forecast period. The growing geriatric population is expected to fuel the demand for high-end home care technology, thereby increasing the demand.

Market Segmentation by Geography

  • Nordic Countries
  • UK
  • Germany
  • France
  • Spain
  • Italy

North America
  • US
  • Canada

  • China
  • Japan
  • Australia
  • South Korea

Latin America
  • Brazil
  • Mexico
  • Argentina

  • South Africa
  • Saudi Arabia
  • UAE

Insights by Vendors

The global stair lift market is highly concentrated with several local and international players in the market. The rapidly changing technological environment will adversely affect vendors as customers expect continual innovations and upgrades in stair lifts. Manufacturers emphasize on identifying opportunities, thereby setting up certain goals to achieve productivity and efficiency. The current scenario is driving vendors to alter and refine their unique value propositions to make a strong market presence. Companies are striving to offer differentiated channels for distribution and better product mix, thereby catering to the dynamic needs and requirements of customers in the market. Key manufacturers are likely to provide and expand their product lineup, with the launch of several innovative techniques, they are expected to gain an edge over their competitors. Key competitive factors include reliability and quality, product innovation, product support, pricing, warranty, distribution, and financing options. The increasing competition is expected due to changing market conditions and shifting consumer demands in different geographical regions across the world.

Key Vendors
  • Acorn Stairlifts
  • Bruno Independent Living Aids
  • Handicare Group
  • ThyssenKrupp Elevator Technology
  • Stannah

Other Vendors
  • Mobility
  • American Elevator
  • AmeriGlide
  • Ascent Mobility
  • Bespoke Stairlifts
  • Brooks Stairlifts
  • Daido Kogyo
  • Extrema
  • Faboc
  • Garaventa Lift
  • Harmar
  • Hidral
  • Hiro Lift
  • Högg Liftsysteme AG
  • Kumalift
  • Lehner Lifttechnik
  • Les Escalateurs Atlas
  • Liftavator, Meditek
  • MPR Lifts
  • Otolift
  • Platinum Stairlifts
  • Precision Stairlifts
  • Savaria
  • Vimec

Key Market Insights
The analysis of the stair lift market provides sizing and growth opportunities for the period 2020–2025.
  • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
  • Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of segments and the regional outlook of stair lift market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Installation
4.4.2 Market Segmentation by Rail Orientation
4.4.3 Market Segmentation by User Orientation
4.4.4 Market Segmentation by Application
4.4.5 Market by Distribution Channel
4.4.6 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Classes of Stair lifts
7.3 Types of Stair lifts
7.4 Benefits of Stair lifts
7.5 Future opportunities of stair lifts
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rising Aged Population with Increased Life Expectancy
8.1.2 Rising Chances of Osteoarthritis, Knee Problems, & Age-related Diseases
8.1.3 Promotion of Active & Independent Living for Elders & Disabled
8.1.4 Policies & Expenditure for Stair Lift Adoption
8.2 Market Growth Restraints
8.2.1 High Purchase, Installation, & Maintenance Cost of Stair Lifts
8.2.2 Perceptual Barriers Deterring User Experience
8.3 Market Opportunities & Trends
8.3.1 Growing Efforts from Government & Private Organizations
8.3.2 Technological Innovations
8.3.3 Modularity, Safety, & Space Optimization to Drive Product Development
9 Market Landscape
9.1 Overview
9.2 Market Size & Forecast
9.2.1 Revenue & Unit Shipment
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Value Chain Analysis
10.1 Overview
10.2 Value Chain Analysis
10.2.1 Component & Raw Materials Suppliers
10.2.2 Manufacturers
10.2.3 Dealers/Distributors/Retailers
10.2.4 End-users
11 Distribution Channel
11.1 Overview
11.1.1 Manufacturers
11.1.2 Distributors in Channel Network
11.1.3 Online Distribution Channel Network
12 By Application
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Residential
12.3.1 Market Size & Forecast (Revenue & Unit Shipment)
12.3.2 Market by Geography (Revenue & Unit Shipments)
12.4 Healthcare
12.4.1 Market Size & Forecast (Revenue & Unit Shipment)
12.4.2 Market by Geography (Revenue & Unit Shipments)
12.5 Leisure & Entertainment
12.5.1 Market Size & Forecast (Revenue & Unit Shipment)
12.5.2 Market by Geography (Revenue & Unit Shipments)
12.6 Government & Others
12.6.1 Market Size & Forecast (Revenue & Unit Shipment)
12.6.2 Market by Geography (Revenue & Unit Shipments)
13 By Rail Orientation
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Straight Rail Orientation
13.3.1 Market Size & Forecast (Revenue & Unit Shipment)
13.3.2 Market by Geography (Revenue & Unit Shipments)
13.4 Curved Rail Orientation
13.4.1 Market Size & Forecast (Revenue & Unit Shipment)
13.4.2 Market by Geography (Revenue & Unit Shipments)
14 By Installation
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Indoor
14.3.1 Market Size & Forecast (Revenue & Unit Shipment)
14.3.2 Market by Geography (Revenue & Unit Shipments)
14.4 Outdoor
14.4.1 Market Size & Forecast (Revenue & Unit Shipment)
14.4.2 Market by Geography (Revenue & Unit Shipments)
15 By User Orientation
15.1 Market snapshot & Growth Engine
15.2 Market Overview
15.3 Seated Stair Lifts
15.3.1 Market Size & Forecast (Revenue & Unit Shipment)
15.3.2 Market by Geography (Revenue & Unit Shipments)
15.4 Standing Stair Lift
15.4.1 Market Size & Forecast (Revenue & Unit Shipment)
15.4.2 Market by Geography (Revenue & Unit Shipments)
15.5 Wheelchair Integrated Platform Stair Lift
15.5.1 Market Size & Forecast (Revenue & Unit Shipment)
15.5.2 Market by Geography (Revenue & Unit Shipments)
16 By Geography
16.1 Market snapshot & Growth Engine
16.2 Market Overview
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.2.1 Revenue & Unit Shipment
17.3 Market By installation
17.3.1 Revenue & Unit Shipment
17.4 Market By rail orientation
17.4.1 Revenue & Unit Shipment
17.5 Market By user orientation
17.5.1 Revenue & Unit Shipment
17.6 Market By APPLICATION
17.6.1 Revenue & Unit Shipment
17.7 Key Countries
17.7.1 Market snapshot & Growth Engine
17.7.2 Nordic Countries: Market Size & Forecast
17.7.3 UK: Market Size & Forecast
17.7.4 Germany: Market Size & Forecast
17.7.5 France: Market Size & Forecast
17.7.6 Spain: Market Size & Forecast
17.7.7 Italy: Market Size & Forecast
18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.2.1 Revenue & Unit Shipment
18.3 Market By installation
18.3.1 Revenue & Unit Shipment
18.4 Market By rail orientation
18.4.1 Revenue & Unit Shipment
18.5 Market By user orientation
18.5.1 Revenue & Unit Shipment
18.6 Market By application
18.6.1 Revenue & Unit Shipment
18.7 Key Countries
18.7.1 Market Snapshot & Growth Engine
18.7.2 US: Market Size & Forecast
18.7.3 Canada: Market Size & Forecast
19.1 Market Overview
19.2 Market Size & Forecast
19.2.1 Revenue & Unit Shipment
19.3 Market By installation
19.3.1 Revenue & Unit Shipment
19.4 Market By rail orientation
19.4.1 Revenue & Unit Shipment
19.5 Market By user orientation
19.5.1 Revenue & Unit Shipment
19.6 Market By application
19.6.1 Revenue & Unit Shipment
19.7 Key Countries
19.7.1 Market Snapshot & Growth Engine
19.7.2 China: Market Size & Forecast
19.7.3 Japan: Market Size & Forecast
19.7.4 Australia: Market Size & Forecast
19.7.5 South Korea: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.2.1 Revenue & Unit Shipment
20.3 Market By installation
20.3.1 Revenue & Unit Shipment
20.4 Market By rail orientation
20.4.1 Revenue & Unit Shipment
20.5 Market By user orientation
20.5.1 Revenue & Unit Shipment
20.6 Market by Application
20.6.1 Revenue & Unit Shipment
20.7 Key Countries
20.7.1 Market Snapshot & Growth Engine
20.7.2 Brazil: Market Size & Forecast
20.7.3 Mexico: Market Size & Forecast
20.7.4 Argentina: Market Size & Forecast
21 Middle East & Africa (MEA)
21.1 Market Overview
21.2 Market Size & Forecast
21.2.1 Revenue & Unit Shipment
21.3 Market By installation
21.3.1 Revenue & Unit Shipment
21.4 Market By rail orientation
21.4.1 Revenue & Unit Shipment
21.5 Market By user orientation
21.5.1 Revenue & Unit Shipment
21.6 Market by Application
21.6.1 Revenue & Unit Shipment
21.7 Key Countries
21.7.1 Market Snapshot & Growth Engine
21.7.2 South Africa: Market Size & Forecast
21.7.3 Saudi Arabia: Market Size & Forecast
21.7.4 UAE: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Market Vendor Analysis
23.1 Market Vendor Ranking Analysis
24 Key Company Profiles
24.1 Acorn Stairlifts
24.1.1 Business Overview
24.1.2 Major Product Offerings
24.1.3 Key Strengths
24.1.4 Key Strategies
24.1.5 Key Opportunities
24.2 Bruno Independent Living Aids
24.2.1 Business Overview
24.2.2 Major Product Offerings
24.2.3 Key Strengths
24.2.4 Key Strategies
24.2.5 Key Opportunities
24.3 Handicare Group
24.3.1 Business Overview
24.3.2 Major Product Offerings
24.3.3 Key Strengths
24.3.4 Key Strategies
24.3.5 Key Opportunities
24.4 Thyssenkrupp
24.4.1 Business Overview
24.4.2 Major Product Offerings
24.4.3 Key Strengths
24.4.4 Key Strategies
24.4.5 Key Opportunities
24.5 Stannah
24.5.1 Business Overview
24.5.2 Major Product Offerings
24.5.3 Key Strengths
24.5.4 Key Strategies
24.5.5 Key Opportunities
25 Other Prominent Vendors
25.1 101 Mobility
25.1.1 Business Overview
25.1.2 Key Strengths
25.1.3 Key Strategies
25.2 ACME Home Elevator
25.2.1 Business Overview
25.2.2 Key Strengths
25.2.3 Key Strategies
25.3 American Elevator
25.3.1 Business Overview
25.3.2 Key Strengths
25.3.3 Key Strategies
25.4 AmeriGlide
25.4.1 Business Overview
25.4.2 Key Strengths
25.4.3 Key Strategies
25.5 Ascent Mobility
25.5.1 Business Overview
25.5.2 Key Strengths
25.5.3 Key Strategies
25.6 Bespoke stairlifts
25.6.1 Business Overview
25.6.2 Key Strengths
25.6.3 Key Strategies
25.7 Brooks Stairlifts
25.7.1 Business Overview
25.7.2 Key Strengths
25.7.3 Key Strategies
25.8.1 Business Overview:
25.8.2 Key Strengths
25.8.3 Key Strategies
25.9 Extrema
25.9.1 Business Overview
25.9.2 Key Strengths
25.9.3 Key Strategies
25.10 Faboc Due
25.10.1 Business Overview
25.10.2 Key Strengths
25.10.3 Key Strategies
25.11 Garaventa Lift
25.11.1 Business Overview
25.11.2 Key Strengths
25.11.3 Key Strategies
25.12 Harmar
25.12.1 Business Overview
25.12.2 Key Strengths
25.12.3 Key Strategies
25.13 HIDRAL
25.13.1 Business Overview
25.13.2 Key Strengths
25.13.3 Key Strategies
25.14.1 Business Overview
25.14.2 Key Strengths
25.14.3 Key Strategies
25.15.1 Business Overview
25.15.2 Key Strengths
25.15.3 Key Strategies
25.16.1 Business Overview
25.16.2 Key Strengths
25.16.3 Key Strategies
25.17 Lehner Lifttechnik
25.17.1 Business Overview
25.17.2 Key Strengths
25.17.3 Key Strategies
25.18.1 Business Overview
25.18.2 Key Strengths
25.18.3 Key Strategies
25.19.1 Business Overview
25.19.2 Key Strengths
25.19.3 Key Strategies
25.20 Meditek
25.20.1 Business Overview
25.20.2 Key Strengths
25.20.3 Key Strategies
25.21 MPR Lifts
25.21.1 Business Overview
25.21.2 Key Strengths
25.21.3 Key Strategies
25.22 Otolift
25.22.1 Business Overview
25.22.2 Key Strengths
25.22.3 Key Strategies
25.23 Platinum Stairlifts
25.23.1 Business Overview
25.23.2 Key Strengths
25.23.3 Key Strategies
25.24 Precision Stairlifts
25.24.1 Business Overview
25.24.2 Key Strengths
25.24.3 Key Strategies
25.25 Savaria
25.25.1 Business Overview
25.25.2 Key Strengths
25.25.3 Key Strategies
25.26.1 Business Overview
25.26.2 Key Strengths
25.26.3 Key Strategies
25.27 Vimec
25.27.1 Business Overview
25.27.2 Key Strengths
25.27.3 Key Strategies
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
26.3 Quantitative Summary
26.3.1 Market by Geography
26.3.2 North America
26.3.3 Europe
26.3.4 APAC
26.3.5 Latin America
26.3.6 Middle East & Africa
26.3.7 Market by Installation
26.3.8 Market by Rail Orientation
26.3.9 Market by User Orientation
26.3.10 Market by Application
27 Appendix
27.1 Abbreviations

Companies mentioned

  • Acorn Stairlifts
  • Bruno Independent Living Aids
  • Handicare Group
  • ThyssenKrupp Elevator Technology
  • Stannah
  • Mobility
  • Acme Home Elevator
  • American Elevator
  • AmeriGlide
  • Ascent Mobility
  • Bespoke Stairlifts
  • Brooks Stairlifts
  • Daido Kogyo
  • Extrema
  • Faboc
  • Garaventa Lift
  • Harmar
  • Hidral
  • Hiro Lift
  • Högg Liftsysteme AG
  • Kumalift
  • Lehner Lifttechnik
  • Les Escalateurs Atlas
  • Liftavator
  • Meditek
  • MPR Lifts
  • Otolift
  • Platinum Stairlifts
  • Precision Stairlifts
  • Savaria
  • Vimec


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.