Mexico Stair Lifts And Climbing Devices Market Size & Outlook
Mexico stair lifts and climbing devices market, 2018-2030 (US$M)
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Mexico stair lifts and climbing devices market highlights
- The Mexico stair lifts and climbing devices market generated a revenue of USD 33.5 million in 2023 and is expected to reach USD 59.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.6% 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 33.5 million |
| Market revenue in 2030 | USD 59.6 million |
| Growth rate | 8.6% (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, Mexico accounted for 1.6% 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 Latin America, Brazil stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 18.2 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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Mexico 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 57.61% in 2023. Horizon Databook has segmented the Mexico 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 increasing geriatric population and a growing number of physically challenged people are likely to propel the market growth. According to the Mexican National Institute of Statistics and Geography (INEGI), 5,739,210 people in Mexico are suffering from some form of disability.
For instance, according to the World Bank, 7.4% of the population of Mexico was aged 65 or above in 2019. The rising number of people with disability across the country is also boosting the market demand.
For instance, over 7.5% of the Mexican population suffers from a disability. Moreover, rising cases of accidental injuries are contributing to the market growth in Mexico. For instance, over 16,000 people are killed in road accidents in Mexico every year.
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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 Mexico stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
Mexico Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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