W H EEL CH A I R L I F T

M A R K ET
2018-2023

presented by:
SU M M A R Y
Market at a Glance
Market Dynamics
Segmentation
Trend Analysis
Vendor Lists
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 M a r k e t at a Glance

T h e d y n am i c g o v er n m en t al p o l i c i es an d
t h e ef f ec t o f t h ese r eg u l a t i o n s o n v ar i o u s
v i t al r et ai l sec t o r s, i n c l u d i n g h eal t h c ar e,
t r a v el , & c o n su m ab l es w i l l p r o p el t h e
g r o w t h o f g l o b a l w h eel c h a i r l i f t m a r k et .
L ead i n g v en d o r s ar e d ev el o p i n g st ai r l i f t s
esp ec i al l y f o r l o n g d i st an c e t r a v el s,
w h er ei n v eh i c l es n eed t o b e c u st o m i z ed
t o ac c o m m o d at e an d c ar r y w h eel c h a i r o r a
m o b i l i t y sc o o t er easi l y .
T h e gr ow i n g f ocu s on p er so n al i z ed
d esi g n s w i l l f u el t h e d em a n d f or t h ese
p r o d u c t s i n t h e g l o b al m ar k et .
T h e g l o b al w h eel c h ai r l i f t m ar k et is
ex p ec t ed t o g en er at e r ev en u es o f ar o u n d
$2 .6 b i l l i o n b y 2 0 2 3 an d i s a n t i c i p at ed t o
g r o w a t a CA GR o f ap p r o x i m at el y 10 %
d u r i n g t h e f o r ec ast p er i o d .
M a r k e t Dynamics

The Madrid International Plan o f Action on Ageing

(MIPAA), adopted by the Second W orld Assembly on
Aging held in Madrid 2002, insisted that elderly individuals
should be able to participate actively and benefit f r o m
development policies to improve their health and wellbeing,
and organizations should provide enabling conditions. Such
initiatives are encouraging governments to design public
services and innovative policies specifically suited to older
persons, including healthcare, housing, infrastructure, and
social protection.

R E SEA R CH A N A L Y ST - A R I Z T O N

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 Segmentation

D ev el o p m en t o f c u st o m i z ed an d h assl e-
f r ee l i f t s w i l l b o o st sal es i n t h e
au t o m o t i v e w h eel c h ai r l i f t m a r k et .
T h e u se of st ai r l i f t s p ow er ed
b y h y d r au l i c o r el ect r i c en er gy
w i l l t r a n sf o r m t h e g l o b a l m a r k et
. t h e d i f f e r e n t m o d el d esi g n s a v a
i l a b l e i n t h e r esi d en t i al l i f t s seg
m en t ar een cl osed ,sh af t w ay
st a g e, an d o p al m o d el s.
H y d r au l i c p o w er ed l i f t s t o d om i n at e t h e
w h eel c h ai r l i f t m a r k et
N o r t h A m er i c a t o o c c u p y t h e l ar g est
m a r k et sh ar e the m a r k et d u r i n g t h e
f o r ec ast p er i o d .

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Trend Analysis

Growing Efforts from Various Governments

and Private Organizations

Shift in Automotive Designs and Rise of

EVs

Rising Awareness among Disabled and

Elderly Population

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 Vendor Lists

Key Vendors
BraunAbility, Bruno, Independent
The global w h e e l c h a i r l i f t
Living Aids, Cibes Lift Group
m a r k e t is h i g h l y fragmented,
Garaventa, Harmar, Ricon
and the top vendors are
Savaria, and Thyssenkrupp
commanding majority market

sh ar e.
Prominent Players
ACA Adaptation Automobile, ACME Home
Elevator, Adaptive Engineering Inc.,
AmeriGlide, AMF-BRUNS, Arealift by Vertico
Group, Arrow Lift, Ascension by AGM
Container Controls, Mobility, ExtremaSRL, etc.

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