Stair Lifts - Global Market Trajectory & Analytics

Global Stair Lifts Market to Reach US$2.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Stair Lifts estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.Straight Stair Lifts, one of the segments analyzed in the report, is projected to grow at a 7.9% CAGR to reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Curved Stair Lifts segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 36.3% share of the global Stair Lifts market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 11% CAGR for the Period of 2020-2027

The Stair Lifts market in the U. S. is estimated at US$351.9 Million in the year 2020. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$471.3 Million in the year 2027 trailing a CAGR of 11% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR while Rest of European market (as defined in the study) will reach US$471.3 Million by the year 2027.The publisher brings years of research experience to this 9th edition of our report. The 369-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

• Acorn Stairlifts Inc.
• Bruno Independent Living Aids, Inc.
• Gruppo Millepiani S. p.a.
• Handicare Group AB
• Harmar Mobility LLC
• HIRO LIFT (Hillenkotter + Ronsieck GmbH)
• Kumalift Co., Ltd.
• Lehner Lifttechnik GmbH
• Otolift Stairlifts Ltd.
• Platinum Stairlifts Ltd.
• Prism Medical UK
• Qingdao Sinofirst Machinery Co., Ltd.
• Savaria Corporation
• Stannah Stairlifts Ltd.
• SUGIYASU Co., Ltd.
• Symax Lift (China) Co., Ltd.
• Taamal Mizra of the Electra Group

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.