1. Market Research
  2. > Construction
  3. > Construction Equipment Market Trends
Stair Lift Market - Global Outlook and Forecast 2020-2025

Stair Lift Market - Global Outlook and Forecast 2020-2025

  • April 2020
  • 298 pages
  • ID: 5822935
  • Format: PDF
  • Arizton


Table of Contents

Search Inside

Get an in-depth analysis of COVID-19 impact on the global stair lift market.

The global stair lift market is expected to grow at a CAGR of over 8% during the period 2019–2025.

The global stair lift market will observe significant growth on account of the rise in physical disabilities in the aging population and adults. Stairlifts are likely to be deployed in residential and commercial sectors as they are cost-effective and provide efficient mobility solutions to consumers. The application will increase in healthcare centers, schools, and corporate workplaces. Moreover, homeowners opting to stay at respective homes are likely to install stairlifts to move independently is another factor driving market growth.
Technological innovations such as curved, outdoor, and wheelchair integrated stair lifts will further boost the market. Vendors are likely to positively impact the market by providing free delivery and multiple financing options to consumers. The increasing availability of these appliances in the market will bolster the demand during the forecast period.

The following factors are likely to contribute to the growth of the stair lift market during the forecast period:
• Rising Aging Population with Increased Life Expectancy Rate
• Increasing Chances of Osteoarthritis, Knee Problems, and other Age-related Diseases
• Promotion of Active and Independent Living for Elders and Disabled
• Growing Efforts from Governments and Private Organizations
• Increasing Technological Innovations

The study considers the present scenario of the stairlift market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Stair Lift Market: Segmentation

This research report includes a detailed segmentation by installation, rail orientation, user orientation, application, distribution channel, and geography. The demand for indoor stair lifts is expected to increase in medical centers due to patients’ physical disabilities obstructing them from climbing stairs. They are likely to gain popularity in corporate workplaces for the ease and convenience they offer. The application is expected to increase in the residential sector as they minimize the obstruction on the stairways that enable users to access the staircase and perform tasks effectively easily.
The application of straight rails is majorly preferred in the residential sector as they are easy to install. The demand for straight lifts is likely to increase among the elderly population because they allow individuals to enter and exit and are cost-effective safely.

Seated stair lifts are preferred in the residential segment. The adoption enables the user to traverse with ease at different levels in their houses. The increasing musculoskeletal conditions in the aging population are likely to bolster the demand. The demand for standing stair lifts will to grow due to the rise in individuals suffering from joint stiffness, ailments, and hip and knee-related pain. Increased product innovations by vendors are likely to increase market dynamics, which is likely to impact market growth favorably.

The residential segment is expected to dominate the market due to the growing aging population with limited mobility. The deployment offers cost-effective and quick solutions to the elderly population. Moreover, these mobility solutions diminish the risk of fall, and advanced technology helps users to operate these lifts efficiently and enable them to traverse and independently within different floors in the house.

The healthcare segment will fuel the growth because of the increasing number of disabled people and baby boomers that opt to live in healthcare facilities due to physical disabilities. Professional caretakers cannot be expected to offer help round-the-clock. Hence, the demand in healthcare centers is likely to increase as these lifts enable individuals to traverse independently. The leisure and entertainment sector will emphasize the adoption by replacing space-consuming elevators and escalators. They would allow users to switch between floor levels, provide easy access to concert pits, and help at the entrance and exit points at public buildings.

Manufacturers are likely to bolster market growth by their unique offerings. Several manufacturers deliver stair lifts to consumers with no additional charges and provide multiple financing options. Besides, vendors are engaged in providing high-value services as well as customer-focused solutions. Dealers and distributors will bolster the sale of these products by identifying the preference of customers.

Market Segmentation by Installation
• Indoor
• Outdoor
Market Segmentation by Rail Orientation
• Straight
• Curved
Market Segmentation by User Orientation
• Seated
• Standing
• Wheelchair Integrated Platform
Market Segmentation by Application
• Residential
• Healthcare
• Leisure & Entertainment
• Government & Local Authorities
Market Segmentation by Distribution Channel
• Direct Channels
• Dealers & Distributions
• Government & Local Authorities

Insights by Geography

The European market is likely to grow at the fastest CAGR due to the growing aging population, coupled with an increase in per capita disposable income. Moreover, the increasing number of osteoporosis diseases in the aging population is likely to generate demand for stair lifts in residential or commercial areas. In North America, the growing prevalence of people suffering from physical disabilities and the increasing adoption of technological innovations are expected to boost the demand. The increasing number of obesity cases and the growing elderly population, which is likely to cross 95 million by 2060, is expected to bolster the demand.
Furthermore, the presence of market leaders with a wide range of mobility devices portfolios and strong distribution networks is another factor likely to fuel the demand for such lifts in the region. Increasing disposable incomes, coupled with the changing lifestyles of consumers, particularly in the developing countries of APAC, are expected to boost the growth during the forecast period. The growing geriatric population is expected to fuel the demand for high-end home care technology, thereby increasing the demand.

Market Segmentation by Geography
• Europe
o Nordic Countries
o UK
o Germany
o France
o Spain
o Italy
• North America
o US
o Canada
o China
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
o South Africa
o Saudi Arabia

Insights by Vendors

The global stair lift market is highly concentrated with several local and international players in the market. The rapidly changing technological environment will adversely affect vendors as customers expect continual innovations and upgrades in stair lifts. Manufacturers emphasize on identifying opportunities, thereby setting up certain goals to achieve productivity and efficiency. The current scenario is driving vendors to alter and refine their unique value propositions to make a strong market presence. Companies are striving to offer differentiated channels for distribution and better product mix, thereby catering to the dynamic needs and requirements of customers in the market. Key manufacturers are likely to provide and expand their product lineup, with the launch of several innovative techniques, they are expected to gain an edge over their competitors. Key competitive factors include reliability and quality, product innovation, product support, pricing, warranty, distribution, and financing options. The increasing competition is expected due to changing market conditions and shifting consumer demands in different geographical regions across the world.

Key Vendors
• Acorn Stairlifts
• Bruno Independent Living Aids
• Handicare Group
• ThyssenKrupp Elevator Technology
• Stannah

Other Vendors
• Mobility
• American Elevator
• AmeriGlide
• Ascent Mobility
• Bespoke Stairlifts
• Brooks Stairlifts
• Daido Kogyo
• Extrema
• Faboc
• Garaventa Lift
• Harmar
• Hidral
• Hiro Lift
• Högg Liftsysteme AG
• Kumalift
• Lehner Lifttechnik
• Les Escalateurs Atlas
• Liftavator, Meditek
• MPR Lifts
• Otolift
• Platinum Stairlifts
• Precision Stairlifts
• Savaria
• Vimec

Key Market Insights
The analysis of the stair lift market provides sizing and growth opportunities for the period 2020–2025.
• Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
• Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
• Delivers a complete overview of segments and the regional outlook of stair lift market.
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Elevator Service Market – Analysis By Service Type, End-User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)

  • $ 2400 - $ 2040 - Get 15% off now!
  • June 2020
  • 200 pages

Executive Summary The Global Elevator Service Market, valued at USD 34.9 billion in the year 2019, with service business (including maintenance & repair and modernisation) accounting for more than half ...

  • World
  • APAC
  • Elevator And Escalator
  • Industry analysis
  • Urban Population
  • Gross Domestic Product Growth Rate


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on