Global Stair Lifts Market: Ease of Accessibility and Low Installation Costs Driving
Demand for Stair Lifts; Europe Most Lucrative Market Globally
Persistence Market Research
Global Stair Lifts Market: Ease of
Accessibility and Low Installation Costs
Driving Demand for Stair Lifts; Europe Most
Lucrative Market Globally : By PMR
Persistence Market Research
1
Global Stair Lifts Market: Ease of Accessibility and Low Installation Costs Driving
Demand for Stair Lifts; Europe Most Lucrative Market Globally
Persistence Market Research Released New Market Report on “Global Stair Lifts Market:
Ease of Accessibility and Low Installation Costs Driving Demand for Stair Lifts; Europe
Most Lucrative Market Globally”.
The global stair lifts market is anticipated to expand at a CAGR of 7% during the forecast
period 2016-2024. Europe will remain the largest market, while North America will grow at the
fastest rate during the forecast period.
Ease of accessibility and low installation costs are the key factors driving the growth of the stair
lifts market. Moreover, the rise in geriatric population and ageing-related health conditions, such
as osteoarthritis is also accelerating the demand for stair lifts. High level of mobility and userfriendliness is considered to be a top feature of stair lifts. In addition, the quick premarket
approval process is expected to play a key role in pushing the demand for stair lifts during the
forecast period.
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High prices and negative customer reviews regarding the post-sales service are longstanding
challenges in the stair lift market. In addition, concerns regarding the potential risk of injury
owing to inappropriate installation will continue to pose challenges to growth.
Owing to their numerous advantages, various government and private...