South Africa Stair Lifts And Climbing Devices Market Size & Outlook
South Africa stair lifts and climbing devices market, 2018-2030 (US$M)
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South Africa stair lifts and climbing devices market highlights
- The South Africa stair lifts and climbing devices market generated a revenue of USD 17.5 million in 2023 and is expected to reach USD 31.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.8% 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 17.5 million |
| Market revenue in 2030 | USD 31.5 million |
| Growth rate | 8.8% (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, South Africa accounted for 0.8% 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 Middle East & Africa, Saudi Arabia stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 19.2 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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South Africa 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 57.71% in 2023. Horizon Databook has segmented the South Africa 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 population is rapidly aging in most low- and middle-income nations, which is a well-known risk factor for the development of a variety of chronic illnesses. Chronic illness diagnosis and management put a tremendous burden on afflicted individuals and the healthcare system.
People with disabilities are estimated to account for 10% of the overall African population, but this number could increase to 20% in poorer regions. The number of impaired minors enrolled in school is estimated to be between 5% and 10%.
There is a relationship between increase in care burden and a high prevalence of chronic diseases, aging, & disability. Poor health contributes to decreased quality of life and well-being as well as increased levels of impairment in older individuals, especially among the poor.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Africa stair lifts and climbing devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa stair lifts and climbing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa stair lifts and climbing devices market size, by devices, 2018-2030 (US$M)
South Africa Stair Lifts And Climbing Devices Market Outlook Share, 2023 & 2030 (US$M)
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