Italy Stair Lifts And Climbing Devices Market Size & Outlook
Italy stair lifts and climbing devices market, 2018-2030 (US$M)
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Italy stair lifts and climbing devices market highlights
- The Italy stair lifts and climbing devices market generated a revenue of USD 30.7 million in 2023 and is expected to reach USD 56.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 9% 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 30.7 million |
| Market revenue in 2030 | USD 56.1 million |
| Growth rate | 9% (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, Italy accounted for 1.5% 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 Europe, Germany stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 170.2 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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Italy 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 57.65% in 2023. Horizon Databook has segmented the Italy 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.
In Italy, there are 2,609,000 people with disabilities, accounting for roughly 4.8% of the population. The number of disabled or elderly individuals living in assisted health residence is projected to be 190,134. Growing healthcare expenditure is expected to fuel market growth over the forecast period.
Increasing manufacturing volume of medical devices and declining cost of components, leading to inhouse development of cost-efficient and technologically updated devices, in the country are some of the factors anticipated to drive market growth.
In addition, rising R&D is expected to boost market growth. In 2016, the Italian Parliament approved a law, known as “Dopo di Noi” (After Us), for disabled people. The law creates a fund to support and assist disabled individuals.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into Italy stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
Italy Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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