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Stair Lifts - Global Market Trajectory & Analytics

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    Report

  • 260 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5028058

Global Stair Lifts Market to Reach $1.2 Billion by 2026


Stairlifts or chairlifts or stair gliders are mechanical devices that enable individuals who suffer movement disabilities to go up and down the staircase without assistance. A stairlift comprises motorized seats that are electrically-powered and can be deployed on a straight or a curved staircase and also can be tailored as per the needs. The global market for stairlifts has been witnessing healthy growth in recent years driven by the increasing awareness about mobility devices, accessibility, and technological progress in the industry. The rising incidence of musculoskeletal conditions in various age groups, expanding elderly population with limited mobility are driving need for a mobility solutions, thus fueling growth in the stair lift market. Elderly population are susceptible to various health issues such as dizziness, vertigo, chronic diseases, limited mobility, and mental deterioration, making them dependent on others for movement. For such individuals, stairlifts serve as an important system providing functional independence to some extent. The market is also poised to benefit from the continuous rise in medical conditions affecting the population. For instance, osteoarthritis is becoming an increasingly common condition in developed nations. The disease is associated with aging that affects knees, fingers, lower spine, and joints. Other diseases include obesity, hypertension, diabetes, orthopedic disorders, and cancer which limit movements, fueling the growth of the stair lift market. Technology innovations play a critical role in driving market growth. The introduction of wireless technology and smartphones` usage are driving growth in the stairlift market by enabling connectivity between the stairlift with the mobile phone for controlling and monitoring purposes.

Amid the COVID-19 crisis, the global market for Stair Lifts estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 5% over the analysis period. Straight, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$821.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Curved segment is readjusted to a revised 5.3% CAGR for the next 7-year period. Curved Stairlifts are the fastest growing market share because of the ability to be tailored to the customer`s needs.

The U.S. Market is Estimated at $216.9 Million in 2022, While China is Forecast to Reach $139.6 Million by 2026


The Stair Lifts market in the U.S. is estimated at US$216.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$139.6 Million by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. North America and Europe lead the global market for Stairlifts. The regions benefit from the increasing awareness among the public on the benefits of stairlifts such as accessibility, increasing geriatric population, rising cases of obesity, and physical disabilities. Additionally, the advanced healthcare infrastructure, increasing adoption of the products, established reimbursement policies, technological progress, and leading domestic manufacturers further boost growth.

Select Competitors (Total 62 Featured):

  • Acorn Stairlifts Inc.
  • AmeriGlide
  • Ascent Mobility
  • Bruno Independent Living Aids, Inc.
  • EHLS, a Lifeway Mobility Company
  • Gruppo Millepiani S.p.a
  • Handicare Group AB
  • Harmar Mobility LLC
  • HIRO LIFT (Hillenkötter + Ronsieck)
  • Kumalift Co., Ltd.
  • Lehner Lifttechnik GmbH
  • Otolift Stairlifts Ltd.
  • Platinum Stair Lifts Ltd.
  • Prism U.K. Medical Limited
  • Qingdao Sinofirst Machinery Co., Ltd.
  • Savaria Corp.
  • Stannah Lifts Holdings Ltd
  • Symax Lift Co, Ltd.
  • Taamal Mizra Electra
  • ThyssenKrupp AG

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and Looming Global Recession
  • Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • An Introduction to Stair Lifts
  • Global Stair Lifts Market: Prospects & Outlook
  • Residential Spaces Lead the Global Stair Lifts Market
  • Developed Regions Lead Global Market
  • Competition
  • Recent Market Activity
  • Key Brands
  • Stair Lifts - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Awareness about Advantages of Stairlifts in Enabling Better Mobility Drives Market
  • Aging Population Prone to Age-Related Conditions & Mobility Issues Fosters Need for Stair Lifts
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Life Expectancy at Birth in Years of People in Select Countries for 2020E
  • Rise in Incidence of Musculoskeletal Disorders and Physical Disabilities Propels Market Growth
  • Osteoarthritis & Osteoporosis: Major Health Conditions Affecting Mobility in the Elderly
  • Osteoporosis: Factsheet
  • Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
  • % of Women Affected by Osteoporosis
  • Stair Lifts Come to the Aid of Elderly with Disabilities & Restricted Mobility due to Lifestyle Diseases
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
  • Obesity Impacts Mobility, Driving Need for Stair Lifts
  • Obesity Statistics in Brief
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Rising Incidence of Disability: A Grim Reality Driving the Stair Lifts Market
  • Percentage of Population with Disabilities by Age Group
  • Rise in Healthcare Spending Levels and Investments into Healthcare Infrastructure Bodes Well for Stair Lifts Market
  • World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021, 2023
  • Healthcare Expenditure as a % of GDP by Region for 2019
  • Trend towards Smart Homes to Favor Stair Lifts Market
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Design Modifications and Infrastructure Development in Care Facilities & Residences Propels Market
  • Shift towards Home Healthcare Augurs Well for the Market
  • Technology and Design Innovations Vital to Sustained Market Growth
  • Major Challenges Confronting the Stair Lifts Market
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • US Stair Lifts Market: An Overview
  • Arthritis Prevalence (in Millions) in the US for Years 2015, 2020, 2025 and 2030
  • Aging Demographics: A Key Market Driver
  • Population of 65+ Age Group (in Thousands) in the US for 2019 and 2030
  • North American Aging Population (in Thousands) by Age Group: 1975-2050
  • Trend towards Home Healthcare Augurs Well for Market Expansion
CANADA
JAPAN
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
LATIN AMERICA
  • Stair Lifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 62

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Acorn Stairlifts Inc.
  • AmeriGlide
  • Ascent Mobility
  • Bruno Independent Living Aids, Inc.
  • EHLS, a Lifeway Mobility Company
  • Gruppo Millepiani S.p.a
  • Handicare Group AB
  • Harmar Mobility LLC
  • HIRO LIFT (Hillenkötter + Ronsieck)
  • Kumalift Co., Ltd.
  • Lehner Lifttechnik GmbH
  • Otolift Stairlifts Ltd.
  • Platinum Stair Lifts Ltd.
  • Prism U.K. Medical Limited
  • Qingdao Sinofirst Machinery Co., Ltd.
  • Savaria Corp.
  • Stannah Lifts Holdings Ltd
  • Symax Lift Co, Ltd.
  • Taamal Mizra Electra
  • ThyssenKrupp AG