Stair Lifts Market

Stair Lifts Market by Product (Straight Stair Lifts, Curved Stair Lifts) by Application (Residential, Industrial Manufacturing, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Stair Lifts in terms of revenue?

    The global Stair Lifts valued at 1.24 Billion in 2020 and is expected to reach 2.16 Billion in 2028 growing at a CAGR of 7.21%

  • Which are the prominent players in the market?

    The prominent players in the market are Arrow Lift, StepUp, EHLS, Handicare, AmeriGlide, Ascent Stairlifts, HIRO LIFT, Improvement Center, 101 Mobility, Acorn Stair Lifts, Savaria, Harmar, Stannah, Bruno, HomeAdvisor, Mobile Stairlift.

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 7.21% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Stair Lifts include

    • The increasing ageing population is anticipated to augment the growth of the stair lifts market over the forecast period. According to World Health Organization (WHO), between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22% and by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years. This ageing people are more probable to have problems with mobility, poor depth perception, and using the stairs, and would require assistance. Thus, contributing to the growth of the market in near future.
    • Furthermore, the increasing regulations and initiatives to use stair lift in healthcare and other areas by government across the globe is also expected to support the growth of the stair lifts market in the years to come. This would help disabled people to access to the services such as healthcare centers, work establishments, and educational organizations and at the same time decrease their dependency on others.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Stair Lifts in 2020.

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