Straight Stairlift Market Research, 2032
The Global Straight Stairlift Market Size was valued at $448.1 million in 2020, and is projected to reach $1.1 billion by 2032, growing at a CAGR of 7.5% from 2022 to 2032. A straight stairlift is a type of home mobility component designed to help people with mobility issue in navigating stairs. It includes a chair or platform attached to a carriage that moves along a track established directly onto the stairs or adjoining wall. Users easily sit on the seat provided with the stairlift while getting transported up or down the staircase, controlled via an easy interface.
Report Key Highlighters
• The straight stairlift market studies more than 23 countries. The analysis includes a country-by-country breakdown analysis in terms of value ($million) available from 2022 to 2032.
• The research combined high-quality data, professional opinion and research, with significant independent opinion. The research methodology aims to provide a balanced view of the global market, and help stakeholders make educated decisions to achieve ambitious growth objectives.
• The research reviewed more than 3,700 product catalogs, annual reports, industry descriptions, and other comparable resources from leading industry players to gain a better understanding of the market.
• The straight stairlift market share is marginally fragmented, with players such as Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts, Handicare Group, Harmar Mobility, Savaria, Platinum Stairlifts, Thyssenkrupp Access Solutions, Bespoke Stairlifts, and Summit Lifts. Major strategies such as product Launch, partnerships, expansion, and other strategies of players operating in the market are tracked and monitored.
Market Dynamics
Straight stairlifts are one of the two types of stairlifts with the other being curved type. In comparison to curved ones, straight stairlifts are robust and easier to install, as they are designed to be installed in a wide variety of staircases with no major customization that complicate the installation process. This ease of installation makes them a greater choice for individuals with budget constraints or those in search of an easier mobility solution. For example, the average cost of straight stairlifts is around $4,700, while the cost of its counter parts that is curved stairs is nearly $10,000. This has a positive impact on the straight stairlift market growth.
Moreover, straight stairlifts boast faster set-up times, minimizing disruption to the home environment and permitting users to quickly take advantage of enhanced mobility and independence. Their simpler design and standardized components make them more straightforward to diagnose and repair, reducing the likelihood of prolonged downtime or costly repairs. From a usability perspective, straight stairlifts offer intuitive operation and smooth, efficient travel along straight staircases. Users navigate in their homes with confidence and ease, enjoying a safe and comfortable ride without the need for complex maneuvers or adjustments. Various advantages of straight stairlift positively enhance the straight stairlift market overview.
The demographic landscape has shifted, with a substantial part of the global population going into their senior years. For example, the share of the old age population aging over 60 years is anticipated to increase from 12% of the total world population in 2015 to nearly 22% of the total world population by 2050. Moreover, on the basis of data from the Centers for Disease Control and Prevention (CDC), approximately one out of every four adults in the U.S., totaling around 61 million individuals, has a disability. In addition, about 14% of these individuals experience mobility limitations, such as difficulty walking or climbing stairs, with this number expected to increase in the future.
This is expected to increase the demand for stairlifts including the straight ones. This surge is primarily attributed to the aging population's need to maintain independence and self-sufficiency within their very own homes, where they continue to live effortlessly despite mobility challenges. Stairlifts serve as indispensable aids in this desire, imparting a practical solution for people who face difficulties navigating stairs due to age-related mobility problems or disabilities, eventually propelling the growth of straight stairlift market.
Furthermore, in the UK alone, around 500 deaths and 250,000 non-fatal accidents due to falling from stairs are registered. Thus, the surge in focus on the implementation of measures that prevent falls among old age people has a positive impact on the installation of stairlifts including straight stairlifts. By providing a secure manner of navigating staircases, this equipment substantially mitigates the hazard of potential incapacitating falls and injuries, thereby promoting general well-being and enhancing lifestyles for elderly people and people with mobility impairments.
Moreover, as more healthcare policies and initiatives are unveiled by governments of their respective countries to ease the lives of elderly and disabled people in public places, the growth of straight stairlifts market is expected to propel. For example, the Medicare part B and C of the U.S. government covers some part of the cost of stairlifts in certain situations.
Moreover, technological innovations have played a crucial function in driving the evolution of stairlifts including straight stairlifts leading to the development of more sophisticated and user-friendly models. Modern stairlifts feature enhanced safety functions, ergonomic designs, and customizable alternatives to cater to diverse user demands. In addition, improvements together with remote control operation, swivel seats, and battery backup have enhanced the capability and convenience of these gadgets, making them increasingly attractive to customers in search of dependable mobility solutions.
The straight stairlift market has witnessed various obstructions in its regular operations due to the COVID-19 pandemic and inflation. Earlier, the global lockdowns resulted in reduced construction activities, eventually leading to reduced demand for straight stairlift from building sector. However, COVID-19 has subsided, and the major manufacturers performed well in 2023. Contrarily, the rise in global inflation is a new major obstructing factor for the entire industry. The inflation, which is an immediate result of the Ukraine-Russia war, and a few long-term effects of the COVID-19 pandemic, have delivered volatility in the expenses incurred on raw materials used for the production of straight stairlifts.
In addition, the price of oil and gas has increased extensively, and many countries, mainly, the nations in Europe, Latin America, and developing economies in Asia-Pacific have experienced intense negative effects on manufacturing industry. However, India and China are performing relatively well. In addition, inflation is anticipated to worsen within the coming years, as the possibility of the ending of the conflict between Ukraine and Russia is much less. However, a peace agreement between Ukraine and Russia may be devised, with continued talks among the nations.
Segmental Overview
The straight stairlift market analysis is segmented on the basis of installation site, maximum load capacity, ownership type, and region. By installation site, the market is bifurcated into indoor and outdoor. On the basis of maximum load capacity, it is categorized as less than 130 Kg, 130-160 Kg, and more than 160 Kg. As per ownership type, the market is divided into owned and rental. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
By Installation Site,
The straight stairlift market is divided into indoor and outdoor. In 2020, the indoor straight stairlifts segment dominated the straight stairlift market, in terms of revenue. Indoor stairs are installed inside a house, in the already existing stairs. The high revenue for this segment is attributed to the fact that most of the stairs in any house are situated inside. On the other hand, the outdoor segment is anticipated to grow with a higher CAGR during the forecast period owing to an increase in disposable income of people, which allows them to install outdoor stairlifts in locations such as backyards.
By Ownership Type,
The market is bifurcated into owned and rental. In 2020, the owned segment dominated the straight stairlift market, in terms of revenue. The owned stairlifts are cheaper in the long term than the rental alternative. In addition, stairlifts are primarily desired by individuals who have permanent mobility disability such as old age people, and people with limb disorders. However, more companies offer cheaper rental stairlifts. For example, Easystep Stairlifts, a provider of rental and owned stairlifts offers rental stairlift at a cost of $40/month, which is significantly lower than the industry average that is around $180/Month. Such low cost of rental straight stairlifts is anticipated to boost the growth of the rental segment.
By Maximum Load Capacity,
The straight stairlift market is categorized into 130 Kg, 130-160 Kg, and more than 160 Kg. In 2020, the 130-160 Kg segment dominated the straight stairlift market, in terms of revenue. The stairlifts in 130-160 Kg segment are designed with a purpose of keeping a balance between load capacity and the affordability of the stairlift. The 130-160Kg range easily accommodates a large number of individuals with varying weights. However, the less than 130 Kg segment is expected to grow with the highest CAGR during the forecast period. Straight stairlifts in this category are most affordable.
By Region,
The straight stairlift market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe accounted for the highest market share in 2022 and Asia-Pacific is expected to grow with the highest CAGR during the forecast period. The sale of stairlifts is primarily attributed to the number of old age individuals and their disposable income. Europe is a region where the number of old age individuals is high as well as the disposable income was $54,625.5 as of 2022. In Germany, Russia, and Spain, there are 17.79 million, 21.42 million, and 8.99 million people respectively who are aged above 65. On the other hand, the market in Asia-Pacific is anticipated to grow with the highest CAGR during the forecast period owing to the presence of a larger old age population and rapidly growing GDP per capita of the region. For example, in 2000, the GDP per capita of Asia-Pacific was around $2,500, however, in 2024, it has increased to $8500. The old-age population of the region has increased significantly. The number of people aged over 60 years in the region is projected to triple from 2010 to 2050, reaching nearly 1.3 billion people.
Competition Analysis
Competitive analysis and profiles of the major players in the straight stairlift market, such as Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts, Handicare Group, Harmar Mobility, Savaria, Platinum Stairlifts, Thyssenkrupp Access Solutions, Bespoke Stairlifts, and Summit Lifts are provided in the report. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the Straight stairlift market.
Recent Development in the Straight Stairlift Market
- In November 2021, Access BDD launched straight stairlifts in the U.S. market. The products were shown in Medtrade, the largest home medical equipment trade show and conference in the U.S.
- In March 2021, Savaria acquired Handicare group, which is a major producer of straight and curved stairlifts and produces around 45,000 stairlifts annually. This move is expected to enable Savaria to take a hold in a larger market.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging straight stairlift market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2023 and 2032.
- Extensive analysis of the straight stairlift market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The straight stairlift market forecast analysis from 2023 to 2032 is included in the report.
- The key market players within Straight stairlift market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the straight stairlift industry.
Straight Stairlift Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 1.1 billion |
 Growth Rate | CAGR of 7.5% |
 Forecast period | 2020 - 2032 |
 Report Pages | 187 |
 By Maximum Load Capacity |
|
 By Installation Site |
|
 By Ownership Type |
|
 By Region |
|
 Key Market Players | Platinum Stairlifts Ltd., Stannah Stairlifts Ltd., ThyssenKrupp Access Solutions GmbH, Savaria, Acorn Stairlifts, Bruno Independent Living Aids, bespoke stairlifts limited, EliteElevators, Summit Lifts, Harmar Mobility |
Analyst Review
An increase in the number of old age population, increasing incidents of disabling accidents , rising disposable income of people in developing parts of the world, and various advantages of straight stairlift over its counterparts are driving the straight stair lifts market.
Europe has been a leader in the market owing to the presence of a large old age population with a significantly high disposable income and high living standards. Similarly, North America also has old age people with high living standards. These reasons are responsible for a higher market share of both of these regions. Moreover, most of the major manufacturers have a well-established sales network in these regions. On the other hand, majorly developing regions such as Asia-Pacific, Latin America, and Middle East and Africa are witnessing a rapid increment in the old age population, however the disposable income is lower than Europe and North America leading to low market share of these regions in terms of sale. Contrarily, these developing regions are witnessing a rapid increase in GDP per capita which is anticipated to enhance the straight stairlifts market overview in the world.
An increase in the number of old age population, increasing incidents of disabling accidents, rising disposable income of people in developing parts of the world, and various advantages of straight stairlift over its counterparts are driving the straight stairlift market.
The latest version of the Straight stairlift market report can be obtained on demand from the website.
The Straight stairlift market size was valued at $448.1 million in 2020.
The Straight stairlift market size is estimated to reach $1,046.3 million by 2032, exhibiting a CAGR of 7.5% from 2023 to 2032.
The forecast period considered for the straight stairlift market is 2023 to 2032, wherein, 2022 is the base year, 2023 is the estimated year, and 2032 is the forecast year. The market is also analysed historically between 2020 and 2021.
Indoor segment is the largest market for Straight stairlift market.
Key companies profiled in the Straight stairlift market report include Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts, Handicare Group, Harmar Mobility, Savaria, Platinum Stairlifts, Thyssenkrupp Access Solutions, Bespoke Stairlifts, and Summit Lifts.
The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies, and recent developments.
Loading Table Of Content...
Loading Research Methodology...
