STAIRLIFTS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing adoption of inorganic growth strategies such as partnerships, acquisitions and collaborations is expected to drive the market growth over the forecast period

In March 2019, Yorkshire-based Platinum Stairlifts partnered with mobility retailer Dolphin Mobility Yorkshire and Cumbria to become an integral partner for the official launch of the Stairlift. The new single tube curved stair lift was unveiled in November 2018, and Platinum says that it provides various unique, solution-based benefits to address the increasing demand for domestic stair lifts.

Moreover, in December 2018, Harmar Mobility LLC and Pride Mobility Products Corporation announced that Harmar had acquired Pride’s lifts and ramps product line. This move allows Pride Mobility to further focus its efforts on developing consumer-driven mobility products in its scooter, power chair, and lift chair product lines. By combining two successful vehicle-lift product lines, Harmar has solidified its position as a market leader.

However, the high purchase, installation, and maintenance cost of Stairlifts and presence of less expensive alternatives to Stairlifts may hinder market growth.