PUBLISHER: The Business Research Company | PRODUCT CODE: 1670959
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670959
A stair lift is a mobility device attached directly to the stair treads, moving at the same angle as the stairs, providing a secure and comfortable means for individuals facing difficulties with stairs to move between different floors of their home. On the other hand, a stair-climbing gadget is an exercise machine with a set of treads or pedals that simulate the movement of climbing steps, assisting people with mobility challenges in navigating stairs and inclines, enabling them to access multiple floors or outdoor spaces safely.
The primary types of stair lifts and climbing devices include straight stair lifts, curved stair lifts, standing stair lifts, perch stair lifts, and others. A straight stair lift is a motorized chair or platform designed for transporting individuals up and down a straight staircase. These devices contribute to facilitating movement on stairs, improving home accessibility, and enhancing independence. The various modalities include indoor and outdoor options with alternating current and direct current operation modes, catering to diverse end-users such as hospitals, homecare, and others.
The stair lifts and climbing devices market research report is one of a series of new reports from The Business Research Company that provides stair lifts and climbing devices market statistics, including stair lifts and climbing devices industry global market size, regional shares, competitors with a stair lifts and climbing devices market share, detailed stair lifts and climbing devices market segments, market trends and opportunities, and any further data you may need to thrive in the stair lifts and climbing devices industry. This stair lifts and climbing devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The stair lifts and climbing devices market size has grown rapidly in recent years. It will grow from $2.1 billion in 2024 to $2.33 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to improved healthcare, rise in disabilities, awareness and accessibility regulations, aging population, consumer preferences
The stair lifts and climbing devices market size is expected to see rapid growth in the next few years. It will grow to $3.44 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to global accessibility awareness, environmental sustainability, rise in home healthcare services, chronic health conditions. Major trends in the forecast period include enhanced safety features, compact and space-saving designs, modularity and flexibility, quiet and efficient operation, improved battery technology.
The anticipated increase in the prevalence of disabilities is set to drive the growth of the stair lifts and climbing devices market in the future. Disabilities, encompassing mental or physical conditions that hinder specific tasks and interaction with the environment, often arise from chronic disorders and impairments. Stairlifts and climbing devices play a crucial role in enhancing mobility for individuals with disabilities, enabling them to navigate between floors independently and eliminating the need for assistance or reliance on caregivers. As per the April 2023 report by the World Health Organization (WHO), approximately 1.3 billion individuals worldwide faced severe disabilities, constituting 16% of the global population or one in six people. Consequently, the increasing prevalence of disabilities is a key driver for the growth of the stair lifts and climbing devices market.
The expected rise in the geriatric population is poised to fuel the growth of the stair lifts and climbing devices market. The geriatric population, typically individuals aged 65 and older, utilizes stair lifts and climbing devices to foster independent mobility within their homes, mitigating the risks associated with navigating stairs. According to October 2022 data from the World Health Organization, globally, the elderly population, aged 60 or older, is projected to reach 2.1 billion by 2050, with one in six individuals falling into this age group by 2030. Hence, the increasing geriatric population serves as a driving force for the growth of the stair lifts and climbing devices market.
Major companies in the stair lifts and climbing devices market are developing innovative products, such as twin rail systems, to enhance safety, stability, and user comfort in vertical mobility solutions. A twin rail system is a design that employs two parallel rails for the lift mechanism to travel along. For example, in November 2023, Handicare AB, a Sweden-based manufacturer of stairlifts, launched the 4000-series curved stairlift. This stairlift is specifically designed to navigate tight bends, making it ideal for complex staircase configurations like spirals and narrow hallways. The 4000-series features a twin rail system that enables extremely tight rail bends, improving maneuverability on intricate staircases. It is custom-built to match the specific dimensions of the user's staircase, ensuring a smooth and safe ride.
Major companies in the stair lifts and climbing devices market are concentrating on creating advanced modular solutions, such as stock-able curved stairlifts, to meet changing accessibility demands. A stock-able curved stairlift is a customizable mobility solution designed to safely and independently transport users along curved staircases, allowing them to navigate multi-level homes with ease. For example, in June 2023, Harmar Mobility, LLC, a US-based lift manufacturer, launched the UP Stairlift in the United States. This modular, stock-able curved stairlift is designed for next-day installations, offering immediate accessibility solutions for situations where a straight stairlift is inadequate. The UP Stairlift is built for convenience and includes advanced features such as instant customer design for the stairlift rail and build sheet, internet connectivity for diagnostics and tracking, along with standard components like a powered seat swivel and footrest.
In July 2022, TK Elevator, a Germany-based elevator company, acquired Nordic Lift for an undisclosed amount. This acquisition aims to bolster TK Elevator's service and maintenance capabilities in the region while enhancing its urban mobility offerings by leveraging its expertise in the lift service sector. Nordic Lift is a Sweden-based company that specializes in stair lifts and climbing devices.
Major companies operating in the stair lifts and climbing devices market include ThyssenKrupp Elevator Technology, Maine Accessibility Corporation, AEL Inc., Leaf Home Safety Solutions LLC, Savaria Corp, MobilityWorks LLC, Handicare Stairlifts Inc., Bruno Independent Living Aids Inc., Stannah Lifts Holdings Ltd., ProCare Medical, Zonzini AB, Garaventa Lift Group, Hiro Lift HillenkOTter + Ronsieck Gmbh, Harmar Mobility LLC, Lifeway Mobility LLC, Otolift Stairlifts Ltd., Platinum Stairlifts Limited, Access BDD, Arrow Lift, AmeriGlide, Amramp Accessibility, American Elevator Corporation, Brooks Stairlifts Limited, Hoveround Corporation, Acorn Stairlifts Inc.
North America was the dominant region in the stair lifts and climbing devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the stair lifts and climbing devices market report during the forecast period. The regions covered in the stair lifts and climbing devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the stair lifts and climbing devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The stair lifts and climbing devices market consists of sales of inclined platform lifts, outdoor stairlifts, and commercial stairlifts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Stair Lifts and Climbing Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on stair lifts and climbing devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for stair lifts and climbing devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The stair lifts and climbing devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.