Europe Stair Lift Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 5.67 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Stair Lift Market Analysis
The Europe Stair Lift Market is expected to register a CAGR of 5.67% during the forecast period.
Factors like the aging population and mobility and safety challenges have driven the stairlift market growth in the past few years. A stairlift is a seat moving along a rail or track attached to a stairway. An engine inside the seat's foundation is generally controlled by a battery inside the seat's foundation.
- The market is expected to grow rapidly due to the increased number of injured people and the increasing number of disabilities among senior adults. Because of their physical condition, senior adults and people with disabilities struggle to climb stairs. Nowadays, the best option, adopted by most institutions such as hospitals and nursing homes, is a stair lift.
- Moreover, as per Eurostat, in 2022, more than one-fifth (21.1%) of the EU population was aged 65 and above, and the median age of the EU's population increased to 44.4 years on 1st January 2022.
- These devices are simple to use and provide people with effective mobility solutions. Stairlifts have become a popular choice for older people and people with limited mobility in recent years. A stair lift is essentially an engine-driven wheelchair on rails. They are designed to work on the 'pinion and racks' technology, allowing wheelchair-bound individuals or people with portability issues to easily use flights of stairs and steps.
- Furthermore, with recent technological advancements, vendors are trying to help the elderly and disabled population lead independent lives. There has been a rise in the launch of modern aids such as stairlift with integrated wheelchair support and curved stairlift that fits into any custom stairway structure, which in turn is boosting the stairlift market in the region.
- However, high installation costs and post-installation services are some of the challenges hindering the growth of the stairlift market in the region. Also, the potential risk of injury and faulty mechanisms due to incorrect installation is one of the challenges faced by the end-users in the market.
Europe Stair Lift Market Trends
Residential Segment to Hold a Significant Market Share
- The residential segment is expected to hold a significant market share, majorly owing to the preference of the elderly population towards products that would allow them to remain independent in their homes. Also, the flexibility of stairlifts installed nearly on any staircase elevates the market's growth.
- There is a significant demand for the seated stairlift within the residential segment due to its cost-effectiveness compared to standing stairlift counterparts. This rise in numbers is majorly due to end-users growing musculoskeletal problems like decreasing bone density due to aging, unhealthy lifestyle, and increasing dependency on unhealthy foods, giving rise to diseases like Osteoarthritis, which impacts the body and ability of a person to move freely because of increased chances of fractures in case of any injury.
- As per the British Society of Rheumatology study, Osteoarthritis is the most common type of arthritis, is estimated to affect more than 40 million people across Europe, and has a lifetime risk of 45 percent for knee (Osteoarthritis) OA and 25 percent for hip (OA. OA is the fastest-growing cause of disability worldwide. With increased life expectancy and rising levels of obesity across Europe, Osteoarthritis is predicted to become the fourth leading cause of disability.
- As the number of men and women aged 75 years and above is expected to increase by more than 42 percent and 29 percent, respectively, between 2019 and 2034, it is projected that the annual number of osteoporotic fractures will likely increase by approximately +24.8 percent in that period, reaching 5.34 million annual fragility fractures.
- Furthermore, the French government announced a new accessibility program in October 2022 that offers grants for home improvements like installing a stair lift or enlarging a doorframe to accommodate wheelchair access. While the French government has several programs to help with home renovations to make them more accessible for elderly people, the recently announced "MaPrimeAdapt" program aims to streamline the process.
- Moreover, the rising health concerns and the growth in various diseases/disabilities will augment the demand for stairlifts across the region. Also, to ease mobility in the home, where people spend most of their time, the need for stairlifts is higher in the residential segment.
United Kingdom is Expected to Hold Significant Market Share
- The United Kingdom held a dominant market share in the market. This is owing to factors such as an increase in the population's average age and critical government support for the problems faced by the elderly. According to a study conducted in the United Kingdom, approximately 290,000 people are seriously injured, and over 500 people die each year as a result of a fall on the stairs. According to St George's University Hospitals NHS Foundation Trust United Kingdom, the average installation cost of stairlifts in the UK is GBP 3,369 (USD 4103.80). Such factors have given a boost to raise the demand for stairlifts.
- Many improvements have been planned in accessibility for disabled people in recent decades, aided by increased awareness of inclusive design, tightened regulations, and investment in infrastructural segments like stairlift deployment at public transport and stairlifts at hospitals and medical institutions.
- Moreover, the government is also trying to ease the lives of people with disabilities. For instance, in June 2022, the UK Government announced the launch of a consultation on a policy as per which landlords will be obliged to make changes to communal spaces outside disabled tenants' homes. The changes would be to communal areas of rented and leasehold homes and include installing stairlifts, handrails, and ramps.
Europe Stair Lift Industry Overview
The European stairlift market is semi consolidated, with the presence of major players like Handicare Group AB, Stannah Lifts Holdings Ltd, Acorn Mobility Services Ltd, Thyssenkrupp Elevator AG, and Candor Care Limited. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In November 2022, Access BDD, a UK supplier of stairlifts, home lifts, and platform lifts, showcased its HomeGlide stairlift alongside its market-leading Flow X in Rehacare 2022. These stairlifts are targeted to launch in April 2023 across the European market.
In August 2022, Thyssenkrupp Elevator AG launched its new stairlift S100, which combined the extensive state-of-the-art technology of its multiple counterparts, the S200 stairlift, thereby providing customers with options that fit their mobility needs. The S100 stairlift has extensive safety features such as armrest detection, ensuring that the stairlift will not move unless the armrest is fully folded.
Europe Stair Lift Market Leaders
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Handicare Group AB
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Stannah Lifts Holdings Ltd
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Acorn Mobility Services Ltd
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Thyssenkrupp Elevator AG
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Candor Care Limited
*Disclaimer: Major Players sorted in no particular order
Europe Stair Lift Market News
- February 2023: Ableworld gathered its stairlift engineers and senior management in the United Kingdom to host its annual Stairlift Conference and announce its new stairlift warehouse. The company is now preparing for its busy spring promotional period and the upcoming Ableworld Thatcham store opening and 1,500 square-foot stairlift warehouse, both of which are scheduled to open within the next three months.
- March 2022: UK Mobility Stairlifts London announced the availability of stairlift removal services throughout the United Kingdom. Expert technicians can remove stairlifts from Stannah, Thyssen Krupp, Acorn, and Brooks if they are under five years old. Professional and experienced engineers arrive at the site with great care and attention to remove straight and curved stairlift models.
Europe Stair Lift Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Impact Analysis of Key Macro Economic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising proportion of aged people and growing disability among individuals
5.2 Market Restraints
5.2.1 High installation cost and post installation services
6. MARKET SEGMENTATION
6.1 By Rail Orientation
6.1.1 Straight
6.1.2 Curved
6.2 By User Orientation
6.2.1 Seated
6.2.2 Standing
6.2.3 Integrated
6.3 By Installation
6.3.1 Indoor
6.3.2 Outdoor
6.4 By Application
6.4.1 Residential
6.4.2 Healthcare
6.4.3 Other Applications
6.5 By Country
6.5.1 United Kingdom
6.5.2 France
6.5.3 Germany
6.5.4 Rest of Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Handicare Group AB
7.1.2 Stannah Lifts Holdings Ltd.
7.1.3 Acorn Mobility Services Ltd.
7.1.4 Thyssenkrupp Elevator AG
7.1.5 Candor Care Limited
7.1.6 Mobility Stairlift Ltd
7.1.7 Bespoke Stairlifts Limited
7.1.8 StayHome Stairlift Ltd.
7.1.9 Ableworld (UK) Ltd
7.1.10 Weigl Liftsysteme DE GmbH
7.1.11 Anglian Lifts Ltd
7.1.12 Dolphin Mobility
7.1.13 Platinum Stairlifts
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Stair Lift Industry Segmentation
A stair lift is commonly deployed to lift people down the staircases, and a stair lift is a chair, a mechanical lifting device that glides up and down a staircase on a motorized rail. It is typically used by persons with restricted mobility or disabilities who cannot navigate stairs without needing assistance in outdoor and indoor environments. The study considers the revenue generated from the sale of Stairlifts by various vendors in the region.
The European stair lift market is segmented by rail orientation (straight, curved), user orientation (seated, standing, integrated), installation (indoor, outdoor), application (residential, healthcare), and country (United Kingdom, France, Germany, Rest of Europe).
The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Rail Orientation | |
| Straight | |
| Curved |
| By User Orientation | |
| Seated | |
| Standing | |
| Integrated |
| By Installation | |
| Indoor | |
| Outdoor |
| By Application | |
| Residential | |
| Healthcare | |
| Other Applications |
| By Country | |
| United Kingdom | |
| France | |
| Germany | |
| Rest of Europe |
Europe Stair Lift Market Research FAQs
What is the current Europe Stair Lift Market size?
The Europe Stair Lift Market is projected to register a CAGR of 5.67% during the forecast period (2024-2029)
Who are the key players in Europe Stair Lift Market?
Handicare Group AB, Stannah Lifts Holdings Ltd, Acorn Mobility Services Ltd, Thyssenkrupp Elevator AG and Candor Care Limited are the major companies operating in the Europe Stair Lift Market.
What years does this Europe Stair Lift Market cover?
The report covers the Europe Stair Lift Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Stair Lift Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Standing Stair Lift Industry Report
Statistics for the 2024 Europe Standing Stair Lift market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Standing Stair Lift analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
