Asia Pacific Stair Lifts And Climbing Devices Market Size & Outlook
Asia Pacific stair lifts and climbing devices market, 2018-2030 (US$M)
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Asia Pacific stair lifts and climbing devices market highlights
- The Asia Pacific stair lifts and climbing devices market generated a revenue of USD 434.2 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, stair lifts was the largest revenue generating devices in 2023.
- Stair Climbing Wheelchair is the most lucrative devices segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 434.2 million |
| Market revenue in 2030 | USD 868.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair Climbing Wheelchair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stair lifts, Stair Climbing Wheelchair |
| Key market players worldwide | Thyssenkrupp AG, Platinum Stairlifts, Bruno Independent Living Aids, American Elevator Group, Precision Stairs, Stannah Stairlifts, Handicare Stairlifts, Acorn Stairlifts, Harmar, Savaria Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.6% of the global stair lifts and climbing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 868.5 million by 2030.
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Stair Lifts And Climbing Devices Market Scope
Stair Lifts And Climbing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific stair lifts and climbing devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stair lifts and climbing devices market will help companies and investors design strategic landscapes.
Stair lifts was the largest segment with a revenue share of 57.72% in 2023. Horizon Databook has segmented the Asia Pacific stair lifts and climbing devices market based on stair lifts, stair climbing wheelchair covering the revenue growth of each sub-segment from 2018 to 2030.
The geriatric population is growing at an unprecedented rate in Asia Pacific, and it is at the forefront of the worldwide phenomenon of population aging. By 2050, one in every four persons in Asia Pacific will be above the age of 60.
Due to a lack of social protection and acquired assets, a substantial proportion of elderly people face income instability. Only around 30% of the region's elderly population receives any sort of pension. Because of a mix of disadvantages throughout their lifetimes, including lower education levels, elderly women are more prone to poverty than older men.
Stair lifts and climbing devices manufacturing companies such as Handicare group are responsible for the rise in supply and providing good services for these mobility devices in Asia Pacific region. Wheelchairs are the most widely used personal mobility equipment in the region, and this trend is expected to continue over the next five years.
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Our clientele includes a mix of stair lifts and climbing devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific stair lifts and climbing devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific stair lifts and climbing devices market size, by country, 2018-2030 (US$M)
Asia Pacific Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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