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Stair Lifts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 205 Pages
  • January 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5934311
Description Jump to:
In a recent analysis of the global stair lifts market, it has been projected that commercial spaces will witness a surge in the installation of stair lifts, positioning them as a preferred location for this vital accessibility equipment. While residential installations have historically dominated the market, the commercial segment is anticipated to experience substantial growth, driven by increasing demand and a supportive regulatory environment.

Market Dynamics

Stair lifts, designed to assist individuals with limited mobility, have traditionally found a place in residential settings, particularly among the elderly population. However, with advancements in infrastructure and a growing awareness of accessibility needs, the commercial sector is emerging as a focal point for stair lift installations. The market analysis forecasts a Compound Annual Growth Rate (CAGR) of 7.0% for the commercial segment, indicating a significant upward trend in demand.

Elderly Preference and Medical Factors

The preference for residential installations among older individuals is well-established, attributed to factors such as osteoporosis and arthritis, which increase the need for assistance in navigating staircases safely. Consequently, families with elderly members have been driving the growth of residential installations. However, as public awareness and support for accessibility initiatives grow, public spaces are expected to witness a surge in stair lift installations.

Supportive Initiatives

Government and non-government organizations are playing a crucial role in promoting accessibility and rehabilitation efforts, advocating for the implementation of disabled-friendly infrastructure in public places. Projects aimed at enhancing accessibility in hospitals, railway stations, schools, and other public facilities are contributing to the increased adoption of stair lifts outside residential settings.

Challenges and Opportunities

While the residential segment continues to account for a significant portion of the market, challenges such as high equipment and installation costs may impede revenue growth. However, the commercial sector is less affected by these constraints, benefiting from higher budgets allocated to public infrastructure projects. This dynamic presents an opportunity for stair lift manufacturers and service providers to tap into a rapidly expanding market segment.

Competitive Analysis

Key players in the global stair lifts market are poised to capitalize on the shifting demand dynamics. With a focus on innovation and safety, these companies are positioned to meet the evolving needs of both residential and commercial customers.

Key players in the global stair lifts market, including:

  • Acorn Stairlifts Inc.
  • Stannah International
  • Savaria Corp.
  • Handicare Group AB
  • Lehner Lifttechnik GmbH
  • Otolift Stairlifts Ltd.
  • Harmar Mobility LLC
  • Prism U.K. Medical Limited
  • Bruno Independent Living Aids, Inc.
  • Platinum Stair Lifts Ltd.
  • HIRO LIFT (Hillenkötter + Ronsieck
  • Kumalift Co., Ltd.
  • SUGIYASU Co., Ltd.
  • Symax Lift (China) Co, Ltd.
  • Qingdao Sinofirst Machinery Co., L
  • Taamal Seed Electra Group
  • Gruppo Millepiani S.p.a
  • Others

Market Segmentation of the Global Stair Lifts Market

Based on Rail Type

  • Straight Stair Lifts
  • Curved Stair Lifts
  • Platform Stair Lifts

Based on Install Location

  • Residential Spaces
  • Commercial Spaces

Based on Power Source

  • Alternating Current (AC)
  • Direct Current (DC)

Based on Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa


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Table of Contents

1. Executive Summary
1.1. Global Stair Lifts Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
2.9. Global Stair Lifts Market Outlook, 2018 - 2031
2.10. Global Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
2.10.1. Key Highlights
2.10.1.1. Straight Stair Lifts
2.10.1.2. Curved Stair Lifts
2.10.1.3. Platform Stair Lifts
2.11. Global Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
2.11.1. Key Highlights
2.11.1.1. Residential Spaces
2.11.1.2. Commercial Spaces
2.12. Global Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
2.12.1. Key Highlights
2.12.1.1. Alternating Current (AC)
2.12.1.2. Direct Current (DC)
2.13. Global Stair Lifts Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
2.13.1. Key Highlights
2.13.1.1. North America
2.13.1.2. Europe
2.13.1.3. Asia Pacific
2.13.1.4. Latin America
2.13.1.5. Middle East & Africa
2.14. North America Stair Lifts Market Outlook, 2018 - 2031
2.15. North America Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
2.15.1. Key Highlights
2.15.1.1. Straight Stair Lifts
2.15.1.2. Curved Stair Lifts
2.15.1.3. Platform Stair Lifts
2.16. Gl North America obal Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
2.16.1. Key Highlights
2.16.1.1. Residential Spaces
2.16.1.2. Commercial Spaces
2.17. North America Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
2.17.1. Key Highlights
2.17.1.1. Alternating Current (AC)
2.17.1.2. Direct Current (DC)
2.17.2. BPS Analysis/Market Attractiveness Analysis
2.18. North America Stair Lifts Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
2.18.1.1. Key Highlights
2.18.1.2. U.S. Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.18.1.3. U.S. Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.18.1.4. U.S. Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.18.1.5. Canada Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.18.1.6. Canada Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.18.1.7. Canada Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.18.2. BPS Analysis/Market Attractiveness Analysis
2.19. Europe Stair Lifts Market Outlook, 2018 - 2031
2.20. Europe Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
2.20.1. Key Highlights
2.20.1.1. Straight Stair Lifts
2.20.1.2. Curved Stair Lifts
2.20.1.3. Platform Stair Lifts
2.21. Europe Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
2.21.1. Key Highlights
2.21.1.1. Residential Spaces
2.21.1.2. Commercial Spaces
2.22. Europe Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
2.22.1. Key Highlights
2.22.1.1. Alternating Current (AC)
2.22.1.2. Direct Current (DC)
2.22.2. BPS Analysis/Market Attractiveness Analysis
2.23. Europe Stair Lifts Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
2.23.1. Key Highlights
2.23.1.1. Germany Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.2. Germany Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.3. Germany Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.4. U.K. Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.5. U.K. Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.6. U.K. Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.7. France Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.8. France Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.9. France Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.10. Italy Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.11. Italy Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.12. Italy Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.13. Turkey Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.14. Turkey Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.15. Turkey Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.16. Russia Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.17. Russia Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.18. Russia Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.1.19. Rest of Europe Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.23.1.20. Rest of Europe Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.23.1.21. Rest of Europe Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.23.2. BPS Analysis/Market Attractiveness Analysis
2.24. Asia Pacific Stair Lifts Market Outlook, 2018 - 2031
2.25. Asia Pacific Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
2.25.1. Key Highlights
2.25.1.1. Straight Stair Lifts
2.25.1.2. Curved Stair Lifts
2.25.1.3. Platform Stair Lifts
2.26. Asia Pacific Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
2.26.1. Key Highlights
2.26.1.1. Residential Spaces
2.26.1.2. Commercial Spaces
2.27. Asia Pacific Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
2.27.1. Key Highlights
2.27.1.1. Alternating Current (AC)
2.27.1.2. Direct Current (DC)
2.27.2. BPS Analysis/Market Attractiveness Analysis
2.28. Asia Pacific Stair Lifts Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
2.28.1. Key Highlights
2.28.1.1. China Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.2. China Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.3. China Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.1.4. Japan Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.5. Japan Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.6. Japan Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.1.7. South Korea Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.8. South Korea Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.9. South Korea Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.1.10. India Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.11. India Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.12. India Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.1.13. Southeast Asia Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.14. Southeast Asia Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.15. Southeast Asia Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.1.16. Rest of Asia Pacific Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
2.28.1.17. Rest of Asia Pacific Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
2.28.1.18. Rest of Asia Pacific Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
2.28.2. BPS Analysis/Market Attractiveness Analysis
2.29. Latin America Stair Lifts Market Outlook, 2018 - 2031
1.1. Latin America Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
1.1.1. Key Highlights
1.1.1.1. Straight Stair Lifts
1.1.1.2. Curved Stair Lifts
1.1.1.3. Platform Stair Lifts
1.2. Latin America Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
1.2.1. Key Highlights
1.2.1.1. Residential Spaces
1.2.1.2. Commercial Spaces
1.3. Latin America Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
1.3.1. Key Highlights
1.3.1.1. Alternating Current (AC)
1.1.1.1. Direct Current (DC)
1.1.2. BPS Analysis/Market Attractiveness Analysis
1.2. Latin America Stair Lifts Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
1.2.1. Key Highlights
1.2.1.1. Brazil Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.2.1.2. Brazil Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.2.1.3. Brazil Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.2.1.4. Mexico Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.2.1.5. Mexico Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.2.1.6. Mexico Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.2.1.7. Argentina Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.2.1.8. Argentina Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.2.1.9. Argentina Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.2.1.10. Rest of Latin America Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.2.1.11. Rest of Latin America Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.2.1.12. Rest of Latin America Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.2.2. BPS Analysis/Market Attractiveness Analysis
1.3. Middle East & Africa Stair Lifts Market Outlook, 2018 - 2031
1.4. Middle East & Africa Stair Lifts Market Outlook, by Rail Type, Value (US$ Mn), 2018 - 2031
1.4.1. Key Highlights
1.4.1.1. Straight Stair Lifts
1.4.1.2. Curved Stair Lifts
1.4.1.3. Platform Stair Lifts
1.5. Middle East & Africa Stair Lifts Market Outlook, by Install Location, Value (US$ Mn), 2018 - 2031
1.5.1. Key Highlights
1.5.1.1. Residential Spaces
1.5.1.2. Commercial Spaces
1.6. Middle East & Africa Stair Lifts Market Outlook, by Power Source, Value (US$ Mn), 2018 - 2031
1.6.1. Key Highlights
1.6.1.1. Alternating Current (AC)
1.6.1.2. Direct Current (DC)
1.6.2. BPS Analysis/Market Attractiveness Analysis
1.7. Middle East & Africa Stair Lifts Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
1.7.1. Key Highlights
1.7.1.1. GCC Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.7.1.2. GCC Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.7.1.3. GCC Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.7.1.4. South Africa Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.7.1.5. South Africa Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.7.1.6. South Africa Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.7.1.7. Egypt Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.7.1.8. Egypt Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.7.1.9. Egypt Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.7.1.10. Nigeria Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.7.1.11. Nigeria Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.7.1.12. Nigeria Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.7.1.13. Rest of Middle East & Africa Stair Lifts Market by Rail Type, Value (US$ Mn), 2018 - 2031
1.7.1.14. Rest of Middle East & Africa Stair Lifts Market by Install Location, Value (US$ Mn), 2018 - 2031
1.7.1.15. Rest of Middle East & Africa Stair Lifts Market by Power Source, Value (US$ Mn), 2018 - 2031
1.7.2. BPS Analysis/Market Attractiveness Analysis
2. Competitive Landscape
2.1. By End User vs By Application Heat map
2.2. Manufacturer vs by Install Location Heatmap
2.3. Company Market Share Analysis, 2022
2.4. Competitive Dashboard
2.5. Company Profiles
2.5.1. Acorn Stairlifts Inc.
2.5.1.1. Company Overview
2.5.1.2. Product Portfolio
2.5.1.3. Financial Overview
2.5.1.4. Business Strategies and Development
2.5.2. Stannah International
2.5.2.1. Company Overview
2.5.2.2. Product Portfolio
2.5.2.3. Financial Overview
2.5.2.4. Business Strategies and Development
2.5.3. Savaria Corp.
2.5.3.1. Company Overview
2.5.3.2. Product Portfolio
2.5.3.3. Financial Overview
2.5.3.4. Business Strategies and Development
2.5.4. Handicare Group AB
2.5.4.1. Company Overview
2.5.4.2. Product Portfolio
2.5.4.3. Financial Overview
2.5.4.4. Business Strategies and Development
2.5.5. Lehner Lifttechnik GmbH
2.5.5.1. Company Overview
2.5.5.2. Product Portfolio
2.5.5.3. Financial Overview
2.5.5.4. Business Strategies and Development
2.5.6. Otolift Stairlifts Ltd
2.5.6.1. Company Overview
2.5.6.2. Product Portfolio
2.5.6.3. Financial Overview
2.5.6.4. Business Strategies and Development
2.5.7. Harmar Mobility LLC
2.5.7.1. Company Overview
2.5.7.2. Product Portfolio
2.5.7.3. Financial Overview
2.5.8. Business Strategies and Development
2.5.9. Prism U.K. Medical Limited
2.5.9.1. Company Overview
2.5.9.2. Product Portfolio
2.5.9.3. Financial Overview
2.5.10. Business Strategies and Development
2.5.11. Bruno Independent Living Aids, Inc.
2.5.11.1. Company Overview
2.5.11.2. Product Portfolio
2.5.11.3. Financial Overview
2.5.12. Business Strategies and Development
2.5.13. Platinum Stair Lifts Ltd.
2.5.13.1. Company Overview
2.5.13.2. Product Portfolio
2.5.13.3. Financial Overview
2.5.14. Business Strategies and Development
2.5.15. HIRO LIFT (Hillenkötter + Ronsieck)
2.5.15.1. Company Overview
2.5.15.2. Product Portfolio
2.5.15.3. Financial Overview
2.5.16. Business Strategies and Development
2.5.17. Kumalift Co., Ltd.
2.5.17.1. Company Overview
2.5.17.2. Product Portfolio
2.5.17.3. Financial Overview
2.5.18. Business Strategies and Development
2.5.19. SUGIYASU Co., Ltd.
2.5.19.1. Company Overview
2.5.19.2. Product Portfolio
2.5.19.3. Financial Overview
2.5.20. Business Strategies and Development
2.5.21. Symax Lift (China) Co, Ltd.
2.5.21.1. Company Overview
2.5.21.2. Product Portfolio
2.5.21.3. Financial Overview
2.5.22. Business Strategies and Development
2.5.23. Qingdao Sinofirst Machinery Co
2.5.23.1. Company Overview
2.5.23.2. Product Portfolio
2.5.23.3. Financial Overview
2.5.24. Business Strategies and Development
2.5.25. Taamal Seed Electra Group
2.5.25.1. Company Overview
2.5.25.2. Product Portfolio
2.5.25.3. Financial Overview
2.5.26. Business Strategies and Development
2.5.27. Gruppo Millepiani S.p.a
2.5.27.1. Company Overview
2.5.27.2. Product Portfolio
2.5.27.3. Financial Overview
2.5.27.4. Business Strategies and Development
3. Appendix
3.1. Research Methodology
3.2. Report Assumptions
3.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

Methodology

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