According to the new market research report "Stairlift - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Stairlift market size is projected to grow from USD 1039 million in 2023 to USD 1629 million by 2030, at a CAGR of 6.49% during the forecast period.
A stairlift is a motorized device used to transport individuals up and down stairs, particularly in residential or commercial buildings where mobility challenges make using stairs difficult or impossible. Stairlifts consist of a chair or platform that travels along a track attached to the staircase, allowing users to safely and comfortably move between different levels of a building without having to navigate the stairs manually.
Market Drivers:
Aging Population: As the global population ages, there is an increasing demand for solutions that enable older adults to age in place and maintain independence. Stairlifts allow individuals to continue living in multi-story homes or accessing public buildings without the need for costly home modifications or relocation.
Mobility Impairments and Disabilities: Mobility impairments resulting from conditions such as arthritis, neurological disorders, spinal cord injuries, or orthopedic issues create a need for assistive devices like stairlifts to facilitate safe and independent movement within the home or community.
Healthcare Facilities and Accessibility Regulations: Healthcare facilities, nursing homes, and assisted living facilities are required to provide accessible environments for patients, residents, and visitors with mobility limitations. Stairlifts help comply with accessibility regulations and improve the overall accessibility and usability of buildings.
Home Renovations and Aging-in-Place Trends: Homeowners seeking to age in place or accommodate family members with mobility challenges may invest in home renovations and accessibility upgrades, including the installation of stairlifts. This trend contributes to the growth of the residential stairlift market.
Technological Advancements: Innovations in stairlift design, such as improved safety features, ergonomic designs, quieter operation, and remote control options, drive market growth by enhancing user experience and expanding the appeal of stairlifts to a broader consumer base.
Awareness and Education: Increased awareness of stairlifts as a practical solution for mobility challenges, along with educational initiatives by manufacturers, healthcare professionals, and advocacy organizations, helps promote the benefits of stairlifts and reduce stigma associated with mobility aids.
- Global Stairlift MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Stairlift - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Stairlift Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Stairlift - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Stairlift include ACORN, Savaria(Handicare), Stannah, TK Elevator, Bruno, Otolift, Hillenkoetter + Ronsieck GmbH, Platinum, DAIDO KOGYO, SUGIYASU, etc. In 2023, the global top 10 players had a share approximately 73.0% in terms of revenue.
About The Authors
Wupan-Lead Author
E-mail：wupan@qyresearch.com
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