Global Wheelchair Lift Market Overview
A wheelchair lift, also known as a platform lift, or vertical platform lift is a fully powered device designed to raise a wheelchair and its occupant in order to overcome a step or similar vertical barrier. Wheelchair lifts can be installed in homes or businesses and are often added to both private and public vehicles in order to meet accessibility requirements laid out by disability acts. These mobility devices are often installed in homes as an alternative to a stair lift, which only transport a passenger and not his/her wheelchair or mobility scooter.
Global Wheelchair Lift Market Drivers & Restraints
Increase demand from disabled patient
Changing lifestyle in developing countries majorly augmented towards diseases and increase number of accident on roads also propel the growth of market, according to WHO nearly 20-50 million people are injured or disabled each year. Moreover, hereditary disorder also one of the main key point added growth to the market.
Increase contribution towards healthcare by various sectors
The growing efforts from various government and private organizations will attribute to the growth of the global wheelchair lift market. These agencies are focusing on preparing for economic and social shifts associated with an aging population and to ensure progress in development activities. The proliferation of Medicare, universal health schemes, private insurance and lucrative reimbursement policies will augment the adoption of the chairlifts in the global market. The rise in the number of innovative products driven by modular development with emphasis on safety and space optimization will help players gain larger share in the global market.
Increase awareness associated with its benefits
Government initiatives in making awareness about wheelchair lift benefits and its uses. Moreover, various leading vendors are more focused on developing stair lifts especially for long distance travels, wherein vehicles need to be customized to accommodate and carry a wheelchair or a mobility scooter easily.
Global Wheelchair Lift Market Segmentations & Regional Insights
The global wheelchair Lift market is segmented based on automotive lift, building lift, power type, and region.
Based on automotive lift, the global wheelchair lift is segmented into occupied lifts, and unoccupied lifts. Based on building lift, the global market is segmented into residential, and commercial. Based on power type, the global market is segmented into electric, and hydraulic.
Regional Insights:
On region the global Wheelchair Lift market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America to occupy the largest market share the global wheelchair lift market during forecast period. The growing preference for automobiles and smart tech in the American market is propelling the demand for platform lifts in the region. The exponential economic development is attracting investors, improving employment opportunities, and increasing disposable income, leading to the rise of purchasing power of end-users. These factors are attributing to the demand for chair lifts in the American market.
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 to 2029 |
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Market Segmentation |
By Automotive Lift - Occupied lifts, and Unoccupied lifts By Building Lift – Residential, and Commercial By Power Type - Electric, and Hydraulic |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest Lift industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global wheelchair lift market report based on automotive lift, building lift, and region:
Global Wheelchair Lift Market, By Automotive Lift:
- Occupied lifts
- Unoccupied lifts
Global Wheelchair Lift Market, By Building Lift:
- Residential
- Commercial
Global Wheelchair Lift Market, By Power Type:
- Electric
- Hydraulic
Global Wheelchair Lift Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Wheelchair Lift Market Competitive Landscape & Key Players
The key players operating the global Wheelchair Lift market includes BraunAbility, Bruno Independent Living Aids, Cibes Lift Group, Garaventa, Harmar, Ricon, Savaria, and Thyssenkrupp. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in February 2020, Garaventa Lift Takes a Seat at the Dickies Arena, in Texas. The Project of the Month award for January 2020 goes to Lift-Aids in Euless, Texas for a unique installation. The crew from Lift-Aids did an amazing job in installing Garaventa Lift Xpress II for a portable platform and stairway to be used at Dickies Arena in Fort Worth, Texas.
Global Wheelchair Lift Market Company Profile
Global Wheelchair Lift Market Highlights
FAQs
The Wheelchair Market accounted for US$ 2.4 billion in 2020 and is estimated to be US$ 4.9 billion by 2030 and is anticipated to register a CAGR of 7.50%.
The wheelchairs market on the basis of product type, weight, modality, end user, and region.
the development of innovative and space-saving lift designs, the focus on accessibility in public spaces, and advancements in technology for enhanced safety and convenience, presenting significant opportunities in the global Wheelchair Lift Market
increasing awareness of accessibility rights, government regulations promoting inclusivity, advancements in lift technologies, and the growing aging population with mobility challenges.
North America, Europe, and Asia-Pacific are likely to be key regions, but the situation is dynamic, and it's advisable to refer to the latest reports for the most current information.
Key players operating in the global wheelchair market include, Invacare Corporation, Sunrise Medical LLC, Ottobock Healthcare, 21st Century Scientific, Inc., Permobil AB, Pride Mobility Products Corporation, LEVO AG, GF Health Products, Inc., MEYRA GmbH, Hoveround Corporation, Aquila Corporation, Aspen Seating, Drive Medical, Eagle Sportschairs LLC., EASE Seating System, and Medical Depot Incorporation.