Stair Lifts And Climbing Devices Market To Reach $3.9 Billion By 2030

Stair Lifts And Climbing Devices Market Growth & Trends

The global stair lifts and climbing devices market size is expected to reach USD 3.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 9.1% from 2023 to 2030. Factors such as the increasing prevalence of chronic diseases leading to disability, the rising geriatric population requiring mobility assistance, advancement in stair lift technology, and increasing awareness about stair lifts’ benefits are expected to boost the market growth.

Stair Lifts are mobility devices that allow a person suffering from limited mobility a safer way to use the stairs at home. Stair Lifts are constructed using a motorized chair and railings which is mounted on the staircase or adjacent wall and transports the user up and down the stairs using a joystick or remote control.

More than 350 million people worldwide suffer from some kind of arthritis. According to the United Nations, individuals over the age of 60 will account for more than 20% of the world's population by 2050.Due to increased life expectancy and the increasing level of obesity, around 40% of the Indian population above 65 years is expected to suffer from severe osteoarthritis, which will disable them from daily activities. The increasing integration of automation in healthcare equipment, particularly mobility devices such as stair lifts and wheelchairs, is a significant influencing element that is expected to drive market expansion.

Covid19 pandemic has negatively affected the global stair lifts and climbing devices market, which resulted in supply chain and distribution bottlenecks for stair lifts and climbing devices. Due to strict government regulation, the demand for stair lifts and their post-sale services also decreased in 2020. According to Handicare Group, Covid-19 caused market development to be unpredictable, making short-term demand difficult to anticipate. However, major players in the market reported sales recovery in 2021 due to the rising prevalence of disability globally and this is expected to boost the market growth.

 Request a free sample copy or view report summary: Stair Lifts And Climbing Devices Market Report

Stair Lifts And Climbing Devices Market Report Highlights

• Stair lifts segment dominated the market with the largest revenue share of 58.2% in 2022. This growth is attributed to the fact that ease of use and undeniable degree of portability is viewed as the one-of-a-kind highlights of stair lifts.

• Homecare segment accounted for a maximum share of 65.6% in 2022. A stair lift is a the most convenient option for a homecare setting with safe and comfortable access up and down the stair.

• North America is set to lead thestair lifts and climbing devices market due to the expanding number of obesity cases and the developing older population, which is probably going to cross 95 million by 2060.

• Asia Pacific is projected to witness the highest CAGR of over 10.4% during the forecast period

Stair Lifts And Climbing Devices Market Segmentation

Grand View Research has segmented the global stair lifts and climbing devices market based on device, end-use, and region:

Stair Lifts And Climbing Devices Market Device Outlook (Revenue, USD Million; 2018 - 2030)

• Stair Lifts

  • Straight

  • Curved

  • Inclined Platform

• Stair Climbing Wheelchair

  • Manual

  • Powered

• Others

Stair Lifts And Climbing Devices Market End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Homecare

• Others

Stair Lifts And Climbing Devices Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Denmark

  • Norway

  • Sweden

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Mexico

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Stair Lifts And Climbing Devices Market

• Platinum Stairlifts

• Bruno Independent Living Aids

• ThyssenKrupp Elevator Technology

• American Elevator

• Precision Stairlifts

• Stannah

• Handicare

• Acorn

• Otolift

• Harmar 

• Garaventa Lift