- Platform Stair Lifts
- Curved Stair Lifts
- Straight Stair Lifts
Stair Lift Market size is expected to be worth USD 810.3 million in 2022, growing at a 6.3% CAGR from 2022 to 2028. The stair lift is a mechanical device people use to go up and down stairs. It provides a rail along the stairs through which the person can move. It also provides a switch by which a person can operate and move. These type of stairlifts are planned for residential purposes, especially for physically disabled people who needs to move up and down the stairs. These stair lifts are more comfortable and easier to use. With growing musculoskeletal problems such as Osteoarthritis, Knee Problems across worldwide increase the demand for stairlift products. Furthermore, WHO classifies oteoarthritis as one of the most disabling chronic diseases in developed regions. It is a degenerative joint disease associated especially among elderly peoples that affect joints, including the knees, hips, fingers, and low spine that have constantly been increasing throughout the forecasted period. As a result, the market for stair lift has a chance to expand due to the growing requirement for stair lift. Continuous improvement in these products with time creates opportunities for various key players to make investments that support market growth. The recent occurrences of global pandemic COVID 19 and government makes rules for self-isolation at their residence with particular stress on the elderly population. Also, medical facilities shortage also elevates the demand for home availability solutions such as stairlifts. Somehow, the positive impact on the stair lift could be seen during COVID-19, also expected to the continuous growth of the market due to increasing incidence of knee and hips diseases.
Recent Market Developments:
In Dec 2021, Access BDD launched Dolphin Lifts which provides comfort and easy to maintenance
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
People have growing musculoskeletal problems due to a lack of physical activities in daily life. It is being observed that older people mostly prefer stair lifts installed in their residential dwellings. Factors such as an increase in the geriatric population, and the rising number of patients with musculoskeletal and movement disabilities, attached with incidences of accidental injuries, are propelling the need for stairlifts globally. Furthermore, modifications in product design with the customization and infrastructural developments in residences are fueling the growth of stairlifts widely. Awareness among people about stairlifts and the use of such equipment helps in recapturing confidence among people undergoing physical challenges to move or walk. Also, with feasibility, frequent maintenance, affordability, and ease of use, several workplaces are encouraged to provide such facilities for their disabled employees, thus creating opportunities to expand the market size. Moreover, high costs of stairlifts and maintenance cost hampering the market growth globally. Also, the potential risk of injury because of incorrect installation and defective mechanisms are a few challenges faced by the prominent players, which also hinder the stairlift market growth.
The stair lift market is projected to expand at a CAGR of 6.3% during the forecast period
Otolift Stairlifts Ltd., Acorn Stairlifts Inc., Stannah International, Savaria Corp., Handicare Group AB, SUGIYASU Co., Ltd., Otolift Stairlifts Ltd.
North America is the fastest-growing region for stair lift market
1. Executive Summary |
2. Global Stair Lift Market Introduction |
2.1. Global Stair Lift Market – Taxonomy |
2.2. Global Stair Lift Market –Definitions |
2.2.1. Rail Type |
2.2.2. Install Location |
2.2.3. Power Source |
2.2.4. Application |
2.2.5. Geography |
3. Global Stair Lift Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Stair Lift Market Dynamic Factors - Impact Analysis |
3.6. Global Stair Lift Market – Competition Landscape |
4. Global Stair Lift Market Analysis,2017 - 2021 and Forecast, 2022 - 2028 |
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Stair Lift Market, By Rail Type, 2017–2021and Forecast, 2022–2028 (Revenue, USD Mn) |
5.1. Platform Stair Lifts |
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Curved Stair Lifts |
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Straight Stair Lifts |
5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Stair Lift Market, By Install Location, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
6.1. Residential Spaces |
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Commercial Spaces |
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Stair Lift Market Forecast, By Power Source,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
7.1. Direct Current (DC) |
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Alternating Current (AC) |
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Global Stair Lift Market, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
8.1. Residential |
8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Government |
8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Leisure &Entertainment |
8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Healthcare |
8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Stair Lift Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Stair Lift Market - Opportunity Analysis Index, By Rail Type, Install Location, Power Source, Application, and Region, 2022 - 2028 |
10. North America Stair Lift Market Analysis,2017–2021and Forecast, 2022–2028(Revenue, USD Mn) |
10.1. Rail Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Platform Stair Lifts |
10.1.2. Curved Stair Lifts |
10.1.3. Straight Stair Lifts |
10.2. Install Location Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Residential Spaces |
10.2.2. Commercial Space |
10.3. Power Source Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Direct Current (DC) |
10.3.2. Alternating Current (AC) |
10.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. Residential |
10.4.2. Governments |
10.4.3. Leisure &Entertainment |
10.4.4. Healthcare |
10.5. Country Analysis 2017 - 2021 and Forecast 2022 - 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Stair Lift Market - Opportunity Analysis Index, By Rail Type, Install Location, Power Source, Application, and Country, 2022 - 2028 |
10.7. North America Stair Lift Market Dynamics – Trends |
11. Europe Stair Lift Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
11.1. Rail Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Platform Stair Lifts |
11.1.2. Curved Stair Lifts |
11.1.3. Straight Stair Lifts |
11.2. Install Location Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Residential Spaces |
11.2.2. Commercial Space |
11.3. Power Source Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Direct Current (DC) |
11.3.2. Alternating Current (AC) |
11.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. Residential |
11.4.2. Governments |
11.4.3. Leisure &Entertainment |
11.4.4. Healthcare |
11.5. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Poland |
11.5.8. Rest of Europe |
11.6. Europe Stair Lift Market - Opportunity Analysis Index, By Rail Type, Install Location, Power Source, Application, and Country, 2022 - 2028 |
11.7. Europe Stair Lift Market Dynamics – Trends |
12. Asia-Pacific Stair Lift Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
12.1. Rail Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Platform Stair Lifts |
12.1.2. Curved Stair Lifts |
12.1.3. Straight Stair Lifts |
12.2. Install Location Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Residential Spaces |
12.2.2. Commercial Space |
12.3. Power Source Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Direct Current (DC) |
12.3.2. Alternating Current (AC) |
12.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. Residential |
12.4.2. Governments |
12.4.3. Leisure &Entertainment |
12.4.4. Healthcare |
12.5. Country Analysis2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. Japan |
12.5.2. China |
12.5.3. India |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Stair Lift Market - Opportunity Analysis Index, By Install Location, Rail Type, Power Source, Application, and Country,2022 - 2028 |
12.7. Asia-Pacific Stair Lift Market Dynamics – Trends |
13. Latin America Stair Lift Market Analysis,2017 - 2021 and Forecast, 2022–2028(Revenue, USD Mn) |
13.1. Rail Type Analysis 2017–2021and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Platform Stair Lifts |
13.1.2. Curved Stair Lifts |
13.1.3. Straight Stair Lifts |
13.2. Install Location Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Residential Spaces |
13.2.2. Commercial Space |
13.3. Power Source Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Direct Current (DC) |
13.3.2. Alternating Current (AC) |
13.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. Residential |
13.4.2. Governments |
13.4.3. Leisure &Entertainment |
13.4.4. Healthcare |
13.5. Country Analysis 2017–2021and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Argentina |
13.5.4. Rest of Latin America |
13.6. Latin America Stair Lift Market - Opportunity Analysis Index, By Rail Type, Install Location, Power Source, Application, and Country, 2022 - 2028 |
13.7. Latin America Stair Lift Market Dynamics – Trends |
14. Middle East and Africa Stair Lift Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
14.1. Rail Type Analysis 2017–2021 and Forecast 2022 - 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Platform Stair Lifts |
14.1.2. Curved Stair Lifts |
14.1.3. Straight Stair Lifts |
14.2. Install Location Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.2.1. Residential Spaces |
14.2.2. Commercial Space |
14.3. Power Source Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.3.1. Direct Current (DC) |
14.3.2. Alternating Current (AC) |
14.4. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.4.1. Residential |
14.4.2. Governments |
14.4.3. Leisure &Entertainment |
14.4.4. Healthcare |
14.5. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. Israel |
14.5.3. South Africa |
14.5.4. Rest of MEA |
14.6. MEA Stair Lift Market - Opportunity Analysis Index, By Rail Type, Install Location, Power Source, Application, and Country, 2022 - 2028 |
14.7. MEA Stair Lift Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Otolift Stairlifts Ltd. |
15.2.2. Acorn Stairlifts Inc. |
15.2.3. Stannah International |
15.2.4. Savaria Corp. |
15.2.5. Handicare Group AB |
15.2.6. SUGIYASU Co., Ltd. |
15.2.7. Otolift Stairlifts Ltd. |
15.2.8. Prism U.K. Medical Limited |
15.2.9. Bruno Independent Living Aids, Inc. |
15.2.10. Harmar Mobility LLC |
15.2.11. Platinum Stair Lifts Ltd. |
15.2.12. HIRO LIFT |
15.2.13. Kumalift Co., Ltd |
15.2.14. Symax Lift (China) Co, Ltd. |
15.2.15. Lehner Lifttechnik GmbH |
15.2.16. Qingdao Sinofirst Machinery Co., L |
15.2.17. Taamal Seed Electra Group |
16. Research Methodology |
17. Key Assumptions and Acronyms |