About Lift Chair
Lift chair is a type of medical equipment. It looks like a standard reclining chair. It features a powerlifting mechanism that drives the complete chair up from its base and so assists the user in a standing position. Lift Chairs are perfect solutions for anybody who has trouble transitioning from a seated position to standing due to limited mobility or balance issues. However, the benefits spread far beyond assistance simply sitting down as well as standing up. With optional heat and massage features, Lift Chairs offer therapeutic benefits to those with stiff and sore joints, arthritis, back pain, and a variety of other conditions. They deliver excellent, affordable replacements to luxurious bathtub modifications for patients who require heat as well as massage therapy.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.7% |
The Global lift chair market is fragmented by the presence of a large number of key players. Key players are progressively challenging against each other based on key factors including Price, new innovative bicycles, multiple product portfolios, distribution channels, and brand equity. Key players are trying to maintain their market share and stimulate sales by investing heavily in research and developmental activities. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Lift Chair market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pride Mobility (United States), Golden Technologies (United States), La-Z-Boy (United States), Franklin Corporation (United States), Med-Lift (United States), Seminar Components (United States), Jackson Furniture (United States), Best Chairs (United States), Palliser (United States) and Ashley Furniture (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mega Motion (United States) and Home Meridian (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lift Chair market by Type (Elderly, Obese and Handicapped), Application (Home and Commercial) and Region.
On the basis of geography, the market of Lift Chair 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Lift Chair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Household will boost the Lift Chair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurging Demand for Monitoring as well as Therapist Equipment and Adoption of Lift Chair in House
Market Growth Drivers:
Increasing Government Support for Subsidy of Monitoring therapist Equiplemts and Rising Number of Diseases
Challenges:
Lack of Awareness
Restraints:
Lack of Trained Specialized
Opportunities:
Expansion of Supply System in Developing Nations
Market Leaders and their expansionary development strategies
In September 2023, Hy-Brid Lifts by Custom Equipment, Richfield, Wis., has entered into a partnership with ASKO, which is acquiring a majority stake in the company. and The next chapter for Hy-Brid Lifts has started with this partnership with ASKO. We see this as a great opportunity for our customers as we will be bringing new products to the market, accelerating research and development and increasing our sales and service support
In August 2023, Theorem Power Lift Recliners are designed to be a functional and fashionable addition to your living space, delivering customized comfort for years to come. At Theorem, they are constantly updating the range with all types of consumers in mind, which is why they can offer uniquely beautiful furniture tailor-made for you.
Key Target Audience
Lift Chair Manufacturers, Distributors and Suppliers, Industry Association, Downstream Vendors, Government Regularity Bodies, Private and Government Research Institutes and Others
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.