Stairlift Industry 2017 Global Market Growth, Size, Share, Analysis, Opportunities and Forecasts To 2022

Adroit Market Research
Global Stairlift Market Size 2016
By Product (Straight Stairlift, Curved Stairlift), By
Application [Original, Flavored (Herbs & Spices, Fruits,
Flowers, By Region and Forecast 2017 to 2022
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Global Stairlift Market Size And Forecast, 2014-2022
• The global stairlift market size is anticipated to witness a 7.0% CAGR over the forecast period due to increasing consumer
awareness for medical devices offering mobility access. Installation of stairlifts has recently entered several untapped
regions such as Australia with more and more players entering the market to address the potentially growing demand.
• Rigorous marketing strategies by key players play a major role to increase stairlift demand because of unawareness among
consumers especially in developing economies. Since, there are countries lacking in technological infrastructural growth,
awareness for stairlifts is a crucial factor to increase the overall sales.
• Stairlift manufacturers focus on continuous improvisation to enhance their product portfolio in order to meet the
requirements of customers. Furthermore, incorporation of adaptive mechanisms such as powered and manual swivel
technology with a safety switch is a major trend in the global market. Also, use of rechargeable batteries leading to high
efficiency and simplified operations are some other major trends pertaining in the global stairlifts market. Although,
concerns associated with potential risk of injury due to inappropriate installation and faulty mechanism are major factors
expected to pose challenges in the global market.
• In 2017, straight stairlifts accounted for more than half share of the global stairlift market. Straight stairlifts have been
gaining tremendous popularity among consumers especially in North America and Europe. High customized requirements
at residences and easy & low cost installation has resulted in the direct selling of straight stairlifts. Though the popularity
of straight stairlifts is high, their penetration is low among consumers who are opting for curved stairlifts owing to their
complex design structure suitable for multistoried residences.
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Global Stairlift Market Size And Forecast, 2014-2022
• North America was the largest market for stairlifts in 2016 and is expected to witness the fastest growth over the next few
years. Europe is expected to be the second fastest growing market after North America on account of rising consumer
demand, increasing consumer disposable income, rising health awareness, and changing lifestyles of consumers. The
Chinese stairlift market is projected to witness a significant growth due to growing geriatric population, rapid inclination
towards technology innovations as well as demand for cost effective & multi-functional medical devices.
• The competitive landscape of the global stairlift market is highly fragmented owing to the presence of several local players.
Typically, majority of the players cater to their local market with little presence overseas. Companies such as Platinum
Stairlifts, Harmar Mobility, LLC, Bruno Independent Living Aids, Inc., ThyssenKrupp Accessibility BV and Stannah Lifts
Holdings Ltd. among others have a broader presence within the global market.
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Key segments of the global stairlift market
Product Overview, 2014-2022 (USD Million)
• Straight Stairlifts
• Curved Stairlifts
Application Overview, 2014-2022 (USD Million)
• Residential
• Medicare Areas
• Public Places
Regional Overview, 2014-2022 (USD Million)
• North America
• US
• Canada
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Key segments of the global stairlift market
• Europe
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Germany
United Kingdom
France
Italy
Russia
Rest of Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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“Stairlift Market” Report will provide important aspects with overall outlook of the market worldwide, According to Adroit Market Research. Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/stairlift-market