The Stair Lift Motors Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Stair Lift Motors market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Stair Lift Motors. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The market for stair lift motors is anticipated to be worth US$ 196.2 million in 2023 and US$ 307.6 million by 2033. During the projection period, sales of stair lift motors are anticipated to grow significantly at a CAGR of 4.6%.
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The stair lift motor is a kind of moving chair that makes it easier for people to go from one floor to another without feeling any weight on their shoulders. Stairlift motors continue to be in high demand in metropolitan areas because they provide an elderly population that is terrified of stairs with a comfortable, temporary alternative. Medical crises like fractures or diagnoses and falls are increasing the sales of stair lift motors.
The demand for stairlift motors device for lifting people in the direction of the track beside the stairs is increasing. A banister is attached to the stair tropes, and a lifting stand or chair is attached to the rail. This is likely to boost the growth of the stair lift motors market in supermarkets and shopping malls during the forecast period. These are some of the major reasons for the recent increase in the stair lift motor market size.
Drivers:
The stair lift motor market size is anticipated to experience a moderate growth rate during the forecast period.
Convenience
The flexibility, low maintenance cost, and reduced weight are likely to increase the stair lift motors’ market share during the forecast period. A high level of immobility and convenience is reflected to be a top reason in the adoption of stair lift motors.
Safety feature
The advanced stair lift motors are much safer and it reduce the chances to fall. The stair lift motors are specially used by handicapped, old-age and children which are anticipated to increase the stair lift motors market opportunities. The government is also imposing strict rules across the globe to take up initiatives to use stairlift motors in the medical sector.
Technological progress
The manufacturers are also making products more user-friendly to increase production and the sales of stair lift motors in coming years. On the other hand, technological innovation in the medical industry remains one of the prominent driving forces to rise the stair lift motors market growth.
Energy efficiency
Over the past few years, the demand for A.C. power stair lift motor is increased with a noteworthy attraction in the global stair lift motor market. Due to its vastly reliable and energy-proficient services, the end-users are likely to increase the adoption of AC power stair lift motors.
Restraints:
Trained personnel
Trained person is required for the installation of stair lift motors, lack of acquaintance related with local elevator codes may hinder the stair lift motors market growth.
High Cost
Moreover, high prices and deleterious customer evaluations related to the post-sales service is venerable and poses a challenge for the adoption of stair lift.
Operational Injury
Additionally, concerns related to the prospective threat of injury owing to incongruous installation is expected to continue to present challenges to the growth of this market.
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The key participants of the global stair lift motors market are the following:
- Dumore Motors (US)
- Acorn Stairlifts, Inc. (US)
- Lothian Electric Machines Ltd. (EUROPE)
- Harmar (US)
- Chanter Biomed (UK)
- Bruno (NA)
- MediTek
- Stannah Stairlifts Ltd.
Key Segments
By Types:
- Wheelchair platform stair lifts
- Straight-rail stair lifts
- Curved-rail stair lifts
- Outdoor stair lifts
- Goods stair lifts
- Others
By Current:
- DC. power lifting motors
- AC power lifting motors
By Application:
- Medical Sector
- Industrial Sector
- Commercial Sector
By User Orientation:
- Seated
- Standing and perched
- Integrated wheelchair platforms
By Installation Type:
- Indoor
- Outdoor
By Sales channel:
- OEMs
- Online
By Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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Future Market Insights (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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