Global Stairlift Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, global stairlift market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025. Stairlifts are mechanical devices that are taken into account for the purpose of lifting people up and down of the stairs. These devices are extremely useful for people with walking disabilities, and hence its market is growing fastly.
Global Stairlift Market Growth Opportunities (Revenue, Growth) By 2017-2025
In 2017, stairlift market was valued at around USD 865.8 million and is projected to show continuous growth over the forecast period, owing to escalation in the geriatric population across the world. Growing age related problems in elderly such as knee pain, stretching of muscles, muscle spasms, and others is encouraging the adoptation of stairlift in buildings. Rising development of houses as well as commercial buildings with stairlifts to help disabled, elderly or injured people go up and down the stairs without getting physically stressed is another reason for the anticipated growth of stairlift market during the forecast period. Implementation of stairlift in many governmental as well as private construction projects will create immense growth opportunities for stairlift market in the upcoming years. Furthermore, introduction of innovative products in the market by prominent stairlift manufacturers will boost the growth of stairlift market during the forecast period. However, rising advancement in technology and modification in traditional lift can hinder the growth of stairlift market during the forecast period.
Straight stairlift is anticipated to be holding the larger portion of revenue share in the global stairlift market, owing to its high utilization in high-rise building, coupled with ease of manufacturing of straight stairlifts. Curved stairlift market is expected to do exceptionally well in the regions where focus on building designs are rising and real estate companies are focusing on stylish building in a comparatively smaller space.
Among applications, residential segment is projected to witness a steep rise in the upcoming years, owing to rising advancements in improving the infrastructure of home, coupled with making it more suitable for any probable health requirements or physical disability needs. Availability of high customization facility in stairlift is making it appropriate to fit in a variety of home having different structures, which will further boost the growth of the segment.
North America is anticipated to continue holding the major revenue share in the global stairlift market during the forecast period, owing to presence of highly aware population in the region, who knows the benefits associated with the installment of stairlifts in buildings. Low cost of installation of stairlift in North America, coupled with presence of a huge number of global market players in the region are other significant reasons for the growth of stairlift market in North America. Furthermore, high disposable income of people that makes them enable to spend on advanced building infrastructure is also a major factor that is boosting the growth of stairlift market in North America.
Global Stairlift Market Size, Share Analysis By Region 2017
Asia Pacific is anticipated to register a crucial growth in the global stairlift market due to favorable governmental incentives and subsidies on stairlift technology in countries such as China. To better the infrastructure quality in countries where new technology is growing such as India and China, government of these countries are supporting the use of stairlift, that are comparatively more environment friendly. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period
Global Stairlift Market Study Objective
1. To forecast the market size of stairlift market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of stairlift market on the basis of region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of stairlift market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of stairlift market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the stairlift market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of stairlift market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of stairlift market commercially.
Major players performing in global Stairlift market are Harmar Mobility, Prism Medical Ltd., Acorn Stair Lifts, Otolift Stair Lifts Ltd., Bruno Independent Living Aids, ThyssenKrupp AG, Platinum Stairs Lifts Ltd., and Handicare Group AB.
Global Stairlift Market Report Offer You!
Global stairlift Market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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