Industry Background:
The global stair lift market is anticipated to witness significant growth during the forecast period owing to rising adoption of stair lifts by disabled and geriatric patient population and inclination of aging and disabled population toward active and independent living. A stair lift is a simple mobility device used by disabled and aging people. Nearly all stair lifts on the market today have two main components are track with part of its surface toothed or textured, and a chair with a motorized gear or wheels at its base that propels itself up and down by moving along the textured surface.This growth is primarily driven by Rising Adoption of Stair Lifts by Disabled and Geriatric Patient Population and The inclination of Aging and Disabled Population toward Active and Independent Living.
Globally, a noticeable market trend is evident Government Initiatives towards Disabled Population. Major Vendors, such as Access BDD (United Kingdom), Hiro Lift (Germany), Kumalift (Japan), Sugiyasu (Japan), Savaria Corp. (Canada), Dolphin Mobility (United Kingdom), Otolift (United Kingdom), Harmar Mobility (United States), Platinum Stair Lifts (United Kingdom) and ThyssenKrupp AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On May 22, 2019 - Handicare Group AB (publ) has signed an agreement to divest Puls AS to Mediq International BV.
Market Drivers
- Rising Adoption of Stair Lifts by Disabled and Geriatric Patient Population
- The inclination of Aging and Disabled Population toward Active and Independent Living
Market Trend
- Government Initiatives towards Disabled Population
Restraints
- High Installation and Maintenance Cost of Stair Lifts
Opportunities
Untapped Market of Developing Economy
Challenges
Untapped Market of Developing Economy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Stair Lift Study Sheds Light on
The Stair Lift Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Stair Lift industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Stair Lift industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.