Dublin, April 18, 2018 (GLOBE NEWSWIRE) -- The "Wheelchair Lift Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global wheelchair lift market is expected to generate revenues of around $2.6 billion by 2023 and is anticipated to grow at a CAGR of approximately 10% during the forecast period.
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.
Various end-users in the market are looking for mobility-friendly options in public transportation, private vehicles, stairs, and escalators. Leading vendors are 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.
The growing focus on personalized designs will fuel the demand for these products in the global market. Lifts specifically designed for buildings find applications in residential buildings, hospitals, and clinics, and in commercial spaces such as shopping malls and offices. The increasing adoption of advanced mobility equipment by the disabled and geriatric population due to better awareness is one of the key drivers in the global market.
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.
Key Countries Profiled
The key countries profiled in the report are:
Key Vendor Analysis
The global wheelchair lift market is highly fragmented, and the top vendors are commanding majority market share. The companies in the global market are competing in the terms of features such as quality, technology, and price. Technological innovations and strategic M&A will help vendors sustain the intense competition in the global market. The growing demand from Asian countries such as China, South Korea, Japan, and Taiwan will encourage players to expand their businesses in these region during the forecast period.
The major vendors in the global market are:
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Macroeconomic Factors Enabling Market Growth
7.2.1 Economic Development
7.2.2 Per Capita GDP in Developing Markets
7.2.3 Dual-income Households in Developed Markets
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing Expenditure on Wheelchair Lifts
8.1.2 Rising Aging Population with Increased Life Expectancy Rate
8.1.3 Promotion of Active and Independent Living for Elders and Disabled
8.1.4 Incentives Offered by Various Automotive Vendors
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 High Purchase, Installation, and Maintenance Cost of Building Lifts
8.2.2 Physical and Space Limitations for Small and Medium WAVs
8.2.3 Perceptual Barriers Deterring User Experience
8.2.4 Presence of Low Expensive Alternatives Stands Major Challenge for Building Wheelchair Lifts
8.2.5 YOY Impact of Market Growth Restraints
8.2.6 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Growing Efforts from Various Governments and Private Organizations
8.3.2 Shift in Automotive Designs and Rise of EVs
8.3.3 Rising Awareness among Disabled and Elderly Population
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 YOY Impact of Market Opportunities & Trends on Regions
9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
9.2.1 Raw Material and Component Suppliers
9.2.2 Manufacturers
9.2.3 Distributors/Dealers/Retailers
9.2.4 End-user
10 Global Wheelchair Lift Market
10.1 market Overview
10.1.1 Market Size & Forecast
10.1.2 Urbanization
10.1.3 Rising Labor Costs in Low-cost Economies
10.2 Porter's Five Forces Analysis
11 Global Wheelchair Lift Market by End-user
11.1 Market Overview
12 Global Building Wheelchair Lift Market
12.1 Market Size & Forecast
12.2 Product Segmentation
12.2.1 Residential Building Wheelchair Lifts: Market Size & Forecast
12.2.2 Residential Building Wheelchair Lifts by Sub-products: VPLs & IPLs
12.2.3 Commercial Building Wheelchair Lifts: Market Size & Forecast
12.2.4 Commercial Building Wheelchair Lifts by Sub-products: VPLs & IPLs
13 Global Automotive Wheelchair Lift Market
13.1 Market Size & Forecast
13.2 Product Segmentation
13.2.1 Occupied Automotive Wheelchair Lifts: Market Size & Forecast
13.2.2 Occupied Automotive Wheelchair Lifts by Sub-products: Single-Post Split Platform, Standard Dual-Post & UVLs
13.2.3 Unoccupied Automotive Wheelchair Lifts: Market Size & Forecast
13.2.4 Unoccupied Automotive Wheelchair Lifts by Sub-products: Inside, Outside, & Hybrid Lifts
14 Global Wheelchair Lift Market by Power Type
14.1 Market Overview
14.2 Hydraulic Wheelchair Lift Market
14.3 Electric Wheelchair Lift Market
15 Geographical Segmentation
15.1 Market Overview
16 North America: Wheelchair Lift Market
16.1 Market Overview
16.2 End-user Segmentation
16.3 Key Countries
16.4 Leading Trend, Enabler, and Restraint
17 Europe: Wheelchair Lift Market
17.1 Market Overview
17.2 End-user Segmentation
17.3 Key Countries
17.4 Leading Trend, Enabler, and Restraint
18 APAC: Wheelchair Market
18.1 Market Overview
18.2 End-user Segmentation
18.3 Key Countries
18.4 Leading Trend, Enabler, and Restraint
19 Latin America: Wheelchair Lift Market
19.1 Market Overview
19.2 End-user Segmentation
19.3 Key countries
19.4 Leading Trend, Enabler, and Restraint
20 MEA: Wheelchair Lift market
20.1 Market overview
20.2 Key Countries
20.3 Leading Trend, Enabler, and Restraint
21 Competitive landscape
21.1 market overview
21.2 Market Structure and Mapping of Competition
21.2.1 Herfindahl-Hirschman Index
22 Key Company profiles
23 Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/research/r3nc2k/global_wheelchair?w=12
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