About Wheelchair Platform Stairlift
Wheelchair platform or bridge lift allows wheelchair users or mobility impaired people the possibility to overcome staircases or steep ramps without the help of an attendant. It is built in a way for the users to travel around several stages, curves or intermediate landings. Stairlifts are a great alternative to elevators and vertical platform lifts because they don't need any structural modifications to the staircase. The installation is possible on almost all staircases due to the compact construction. These lifts blend in with any setting, whether indoors or out. Stairlifts are ideal for any use, whether it's for private or public use, straight or curved staircases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.91% |
Global Wheelchair Platform Stairlifts Market comprises of High level of competition, well established players have an Edge over the new Entrants in terms of customer base & Better serviceability for their products & understand the consumer requirements well. Players are concentrated Majority in North America & Europe, Particularly in the United States, Germany and United Kingdom. Currently key players are in the industry are looking to enhance their existing range of product at the same time deliver quality & multipurpose stairlifts for changing consumer requirements & preferences across core areas including Mobility & Accessibility. Significant Merger & Acquisitions have happened in the recent years thus indicating towards the growth potential in the wheelchair platform stairlifts Market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Wheelchair Platform Stairlift market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ThyssenKrupp (Germany), SUGIYASU Corporation (Japan), Acorn Stairlifts Inc. (United States), Handicare group (Norway), Harmar Mobilitty LLC (United States), Stannah (United Kingdom), Otolift Stairlifts Ltd (United Kingdom), Bruno (United States), DAIDO KOGYO CO. LTD. (Japan) and MediTek Stairlifts Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Savaria Corp. (Canada), Kumalift (Japan), Prism Medical Limited (United Kingdom) and Lehner Lifttechnik GmbH (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Wheelchair Platform Stairlift market by , Application (Household and Commercial) and Region.
On the basis of geography, the market of Wheelchair Platform Stairlift has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Hydraulic will boost the Wheelchair Platform Stairlift market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Safety is highly preferred in this era of uncertainties, especially for old age population. and Demand for Professionalism in Hospitality sectors.
Market Growth Drivers:
Rapid Aging Population due to Changing Demographic Patterns., Government policies facilitates implementation of such technologies in Public areas. and Portability, comfort and compactness of stairlifts becomes attractive to consumers.
Challenges:
To Expand segments including more of Outdoor activities. and To abide to regulatory standards regarding Manufacturing & safety given the region.
Restraints:
Technical failure can be fatal to the consumer. and Maintenance can be costly.
Opportunities:
Most countries are yet to implement regulations regarding usage of Stairlifts in the Public Domain, hence creating a Market opportunity.
Market Leaders and their expansionary development strategies
In November, 2020 - Stannah, announced the launch of a digital platform, enabling its United Kingdom customers to buy custom range of products online within estimated 20 minutes.
European standard EN 81-40; 2008 – Lay’s safety standards for the construction and installation of lifts & lifting platforms intended for persons with impaired mobility across European Union.
Key Target Audience
New Entrants & Investors, Research and educational institutions, Hospitality Service Providers, End Use Industries, Hotels, Parks, Airports & Railway, Bus Stations, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.