Global Lift Recliner Chair Market Overview:
Lift chairs are perfect for individuals who have difficulty standing up from chairs of normal height, or continuing swollen extremities requiring the legs to be raised above the heart for circulation. They are also ideal for anyone recovering from operation/surgery or fighting long-term illness. Some lift recliner chair models are even available for rent. Most of the modern lift chairs come with a remote control including buttons for adjusting the headrest, footrest and chair back, as well as lifting the recliner as a whole.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Development in the Lift Recliner Chair and Increasing Demand from Aging Population
Market Growth Drivers:
Rising Government Support to Provide Financial Assistance for Mobility Aid, for example, medical and assistive devices are exempted from Harmonized Sales Tax (HST), though lift chairs require a written prescription from a medical practitioner. Lift chairs are a specifically modern invention, arising from the requirements of the aging population and their mobility challenges.
Challenges:
Power Lift Recliner Chair Mechanism Won't Work
Restraints:
High Cost of Lift Recliner Chair
Opportunities:
Expansion of Supply System in Developing Nations
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Oscar Group (United States), Pride Mobility (United States), La-Z-Boy (United States), Ashley Furniture (United States), Mega Motion (United States), MediEquip (United States), Golden Technologies (United States), Best Chairs, Inc. (United States), Franklin Corporation (United States), Jackson Furniture (United States), Med-Lift (United States) and Seminar Components (United Kingdom). Analyst at AMA Research see United States Vendors to retain maximum share of Global Lift Recliner Chair market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Lift Recliner Chair market. Considering Market by Material, the sub-segment i.e. Fabric will boost the Lift Recliner Chair market.
Latest Market Insights:
On August 08, 2019 - La-Z-Boy Incorporated has announced plans to further strengthen its supply chain manufacturing footprint. The company will close its Redlands, California upholstery manufacturing facility and move production to available capacity at its other North American facilities.
In March 2023, Golden Technologies has launched a new product in their power lift recliner division, ushering in a new era in comfort seating across the home health care industry. MaxiComfort with Twilight cradle technology is a luxury power recliner capable of providing never before seen or felt levels of comfort.
What Can be Explored with the Lift Recliner Chair Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Lift Recliner Chair Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Lift Recliner Chair
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lift Recliner Chair market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lift Recliner Chair market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Lift Recliner Chair, Suppliers of Lift Recliner Chair, Wholesalers, Distributors and Retailers of Lift Recliner Chair, Industry Association, Government Regularity Bodies, Private and Government Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.