PUBLISHER: IMARC | PRODUCT CODE: 1451781
PUBLISHER: IMARC | PRODUCT CODE: 1451781
Wheelchair Lift Market by Power Type (Electric, Hydraulic), Application (Residential, Commercial, Public Vehicle, and Others), and Region 2024-2032
The global wheelchair lift market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032. The increasing demand for mobility-friendly commercial wheelchair lifts, the rising geriatric population, and the prevalence of spinal cord injuries and other disabilities represent some of the key factors driving the market.
A wheelchair lift, or a vertical platform lift (VPL), is a specifically designed mechanical device used to transport individuals with disabilities or mobility impairments in a wheelchair between different floors of a building. It is installed across public buildings, homes, and vehicles to provide easy access to elevated areas that may be difficult or impossible to reach for individuals with disabilities. It provides a convenient and safe alternative to stairs or ramps, especially within limited space. Wheelchair lifts come in various types and designs, such as hydraulic, screw-drive, and electric-powered lifts. It can be set up indoors and outdoors, depending on the user's needs and preferences. In addition to this, they assist in providing accessibility and independence to individuals.
Wheelchair Lift Market Trends:
The increasing demand for wheelchair lifts in public transportation, private vehicles, stairs, and escalators represents one of the key factors driving the market growth. Concurrent with this, the implementation of favorable government initiatives to provide mobility-friendly commercial wheelchair lifts in public places, hospitals, clinics, and commercial spaces such as shopping malls and offices to improve accessibility for individuals with disabilities is creating a favorable outlook for the market. Moreover, the increasing geriatric population is acting as another significant growth-inducing factor, as the elderly are more likely to require mobility assistance. In line with this, the rising occurrence of spinal cord injuries and other disabilities in the masses is presenting remunerative growth opportunities for the market. In addition to this, ongoing technological advancements in wheelchair lifts in terms of efficiency and user-friendliness and the expanding adoption of electric wheelchairs and customized wheelchair lifts are contributing to the market growth. Furthermore, the bolstering growth of the healthcare sector, the surge in demand for home healthcare, the escalating consumer awareness regarding disability rights, and the extensive focus on workplace accessibility are positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global wheelchair lift market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on power type and application.
Power Type Insights:
Electric
Hydraulic
The report has provided a detailed breakup and analysis of the wheelchair lift market based on the power type. This includes electric and hydraulic. According to the report, hydraulic represented the largest segment.
Application Insights:
Residential
Commercial
Public Vehicle
Others
A detailed breakup and analysis of the wheelchair lift market based on the application has also been provided in the report. This includes residential, commercial, public vehicle, and others. According to the report, commercial accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for wheelchair lifts. Some of the factors driving the North America wheelchair lift market included the growing demand for wheelchair lifts in commercial buildings and office spaces, the rising geriatric population, and the increasing incidences of spinal cord injuries and other disabilities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global wheelchair lift market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Ameriglide Inc., BraunAbility, Bruno Independent Living Aids, Inc., Cibes Lift Group AB, Harmar Mobility LLC, Savaria Corp., Stannah Lifts Holdings Ltd, Terry Group Ltd, Wabtec Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global wheelchair lift market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global wheelchair lift market?
- What is the impact of each driver, restraint, and opportunity on the global wheelchair lift market?
- What are the key regional markets?
- Which countries represent the most attractive wheelchair lift market?
- What is the breakup of the market based on the power type?
- Which is the most attractive power type in the wheelchair lift market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the wheelchair lift market?
- What is the competitive structure of the global wheelchair lift market?
- Who are the key players/companies in the global wheelchair lift market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wheelchair Lift Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Power Type
- 6.1 Electric
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Hydraulic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Public Vehicles
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Ameriglide Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 BraunAbility
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Bruno Independent Living Aids, Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Cibes Lift Group AB
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Harmar Mobility LLC
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Savaria Corp.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Stannah Lifts Holdings Ltd
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Terry Group Ltd
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Wabtec Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.1 Ameriglide Inc.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Wheelchair Lift Market: Major Drivers and Challenges
- Figure 2: Global: Wheelchair Lift Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Wheelchair Lift Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Wheelchair Lift Market: Breakup by Power Type (in %), 2023
- Figure 5: Global: Wheelchair Lift Market: Breakup by Application (in %), 2023
- Figure 6: Global: Wheelchair Lift Market: Breakup by Region (in %), 2023
- Figure 7: Global: Wheelchair Lift (Electric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Wheelchair Lift (Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Wheelchair Lift (Hydraulic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Wheelchair Lift (Hydraulic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Wheelchair Lift (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Wheelchair Lift (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Wheelchair Lift (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Wheelchair Lift (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Wheelchair Lift (Public Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Wheelchair Lift (Public Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Wheelchair Lift (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Wheelchair Lift (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: North America: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: North America: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: United States: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: United States: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Canada: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Canada: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Asia-Pacific: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Asia-Pacific: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: China: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: China: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Japan: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Japan: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: India: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: India: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: South Korea: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: South Korea: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Australia: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Australia: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Indonesia: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Indonesia: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Others: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Others: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Europe: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Europe: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Germany: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Germany: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: France: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: France: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: United Kingdom: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: United Kingdom: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Italy: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Italy: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Spain: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Spain: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Russia: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Russia: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Latin America: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Latin America: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Brazil: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Brazil: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Mexico: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Mexico: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Others: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Others: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Middle East and Africa: Wheelchair Lift Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Middle East and Africa: Wheelchair Lift Market: Breakup by Country (in %), 2023
- Figure 67: Middle East and Africa: Wheelchair Lift Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Global: Wheelchair Lift Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Wheelchair Lift Industry: Value Chain Analysis
- Figure 70: Global: Wheelchair Lift Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wheelchair Lift Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Wheelchair Lift Market Forecast: Breakup by Automotive Lift (in Million US$), 2024-2032
- Table 3: Global: Wheelchair Lift Market Forecast: Breakup by Power Type (in Million US$), 2024-2032
- Table 4: Global: Wheelchair Lift Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Wheelchair Lift Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Wheelchair Lift Market: Competitive Structure
- Table 7: Global: Wheelchair Lift Market: Key Players
