China Stair Lifts And Climbing Devices Market Size & Outlook
China stair lifts and climbing devices market, 2018-2030 (US$M)
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China stair lifts and climbing devices market highlights
- The China stair lifts and climbing devices market generated a revenue of USD 135.8 million in 2023 and is expected to reach USD 277.2 million by 2030.
- The China market is expected to grow at a CAGR of 10.7% 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.
Stair lifts and climbing devices market data book summary
| Market revenue in 2023 | USD 135.8 million |
| Market revenue in 2030 | USD 277.2 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair Climbing Wheelchair |
| 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, China accounted for 6.4% 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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China 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 57.73% in 2023. Horizon Databook has segmented the China 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.
China has the largest market of stair lifts & climbing devices in Asia Pacific. China not only has the world's largest population, but it also has one of the world's fastest-aging populations. This is mostly owing to years of declining birth rates on the one hand and rapidly increasing life expectancy on the other.
Because population aging has a significant economic impact, it will provide a serious obstacle to Chinese society in the next decades. Due to increased life expectancy and falling fertility rates, China's population of individuals over 60 years old is expected to reach 28% by 2040.
This massive demographic change presents many new challenges and opportunities for public health and socioeconomic development, particularly the creation of an integrated system that meets the health and social needs of elderly people, with equal healthcare access regardless of geographic location.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into China stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
China Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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