Australia Stair Lifts And Climbing Devices Market Size & Outlook
Australia stair lifts and climbing devices market, 2018-2030 (US$M)
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Australia stair lifts and climbing devices market highlights
- The Australia stair lifts and climbing devices market generated a revenue of USD 36.1 million in 2023 and is expected to reach USD 70.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, stair lifts was the largest revenue generating devices in 2023.
- Stair lifts is the most lucrative devices segment registering the fastest growth during the forecast period.
Stair lifts and climbing devices market data book summary
| Market revenue in 2023 | USD 36.1 million |
| Market revenue in 2030 | USD 70.7 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair lifts |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.7% of the global stair lifts and climbing devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 151.7 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 |
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Australia 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 57.89% in 2023. Horizon Databook has segmented the Australia 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.
Two of every five adults with disabilities are aged 65 years or older. Around 1.9 million people with disabilities are aged 65 and older, accounting for nearly half of all adults with disabilities (44.5%). This reflects a rapidly aging population and an increase in life expectancy in the country.
Currently, only 4.4 % of Australians with disabilities use a wheelchair. For instance, according to the World Bank, 15.9% of the population in Australia was aged 65 or above in 2019. Rising number of people with disability across the country is also boosting the demand.
The rising incidence of accidental injuries is also responsible for the market growth in Australia. For instance, in 2017-2018, 532,562 injury cases required hospitalization. Moreover, rising number of arthritis cases is expected to boost market growth in Australia.
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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 country-level data and insights on the Australia stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
Australia Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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