Wheelchair Lift Market Analysis, Trends, Market Si

Wheelchair Lift Market - Global Outlook and Forecast 2017-2022

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Wheelchair lifts have turn out to be great mobility equipment for geriatric and physically disabled population, enabling them to travel between floors and high-rise buildings effectively. They are considered as the best alternative, especially for long distance travels, wherein vehicles need to be customized to accommodate and carry a wheelchair or a mobility scooter.

The global wheelchair lift market is expected to cross $2.3 billion growing impressively at a CAGR 9% during 2016-2022. The demand is also on the rise due to innovation and product development, resulting in a broad range of customized offerings that are not only turning out to be ergonomic in design and installation but also are offering better functionality and safety features at nominal prices. Growing population of adult is also driving the market.

Wheelchair Lift Market Size in Revenue

Wheelchair Lift Market Size in Revenue

The report provides a holistic view of the global wheelchair lift market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

Wheelchair Lift Market: Key Vendor Analysis

The wheelchair lift market can be termed as attractive one on account of the growth prospects it holds. Major vendors in the global market are BraunAbility,  Harmar, ThyssenKrupp AG, Savaria, and AAT

Other vendors include Antano Group, Baronmead, SANO, Högg, EZ-Access, KSP Italia, Focaccia, Sugiyasu, D.I.D – Daido Kogyo, Kumalift.

 Wheelchair Lift Market Dynamics

Inclination of aging and disabled population toward active and independent living is a major driver

Increased emphasis on government and private organizations on productive and active lifestyle for disabled population is one of the emerging trend that is going to drive the market growth.  Further, revolutionary shift in automotive designs and rise of electric vehicles, and better knowledge of mobility equipment among disabled and elderly population are among the other latest trends that will shape the market in a positive way. Among the major growth driving factors are medicaid and private insurance enabling expenditure on wheelchair lifts, funding and incentives for these lifts in vehicular modification, and inclination of aging and disabled population toward active and independent living. The report also includes the upcoming restraints that are going to be a major hindrance to the market growth.

Wheelchair Lift Market: Segmental Overview

Automotive wheelchair lift market to witness the highest market share.

The automotive wheelchair lifts segment is expected to grow at a CAGR of 9.78% during the forecasted period, which is the highest among other end-user segments because of advancement in technology and ever-changing lifestyle that has driven the market for customized vehicles, which employ a proper and hassle-free mechanism for wheelchair lifts. The outside lifts segment has the highest market share and is expected to grow at tremendously during the forecasted period.

Wheelchair Lift Market: Geographical Analysis

North America to be the largest market

North America is likley to be the largest market followed by Europe.  The market ranks ahead of others in terms of innovation and standards in the region, paves well for product development and market structure, wherein the competition is limited, and is often termed to be more because of customer centricity, range, and service and low price. While the demand for wheelchair lift installation in the European region is propelled by the presence of large elderly population, stringent welfare mandates for elderly and disabled, high disposable incomes, and better availability of wheelchair lift designs and solutions, the same is restrained by high prices and presence of cheaper substitutes such as ramps, portable wheelchairs, crutches, and mobility aids. The wheelchair market in APAC region is also going to witness traction due to the changes supported by government healthcare reforms.

View our latest report on Global Wheelchair Lift Market 2018-2023

The global wheelchair lift market is expected to cross $2.3 billion, growing at a CAGR of close to 9% during 2016–2022. Major drivers for this growth are aging population, increased incidence of lifestyle diseases such as obesity, and growth of osteoarthritis among aging population. The automotive end-user segment is going to have the highest market share and the outside lifts segment is likely to dominant the market. North America is expected to lead the market in terms of geography.

Wheelchair Lift Market Segmentation

Wheelchair Lift Market Segments

Report Timeline

  • Base Year:              2016  
  • Forecast Year:         2017–2022  

 

Major vendors profiled in the report are as following:

  • BraunAbility
  • Harmar
  • ThyssenKrupp AG
  • Savaria
  • AAT

Other vendors include Antano Group, Baronmead, SANO, Högg, EZ-Access, KSP Italia, Focaccia, Sugiyasu, D.I.D – Daido Kogyo, Kumalift.

Scope of the Report

The report includes a detailed study of growth drivers, trends, and restraintsof the global wheelchair lift market. It also profiles the leading vendors in the market and other key vendors.

The report takes into consideration the sale of wheelchair lifts for both residential, commercial, and automotive end-users. The market for replacement and substitution of existing wheelchair lifts is considered into while arriving at the market size. The sale of vertical stairlifts, wheelchair-accommodating stairlifts in homes and businesses and those for installation in public and private vehicles were considered in the scope.

The report provides the analysis of the key segments of the market by end-users, geography, and vendors. It provides a detailed analysis of revenue from various segments:

End-User Type

  • Homes
  • Businesses
  • Automotive
  • Automotive lift by type
    • Inside lifts
    • Hybrid lifts
    • Outside lifts
  • Automotive lift by lift type
    • Single-arm
    • Dual-arm
  • Automotive lift by power type
    • Hydraulic
    • Electric
    • Commercial
    • Consumer

Major Geographies

  • APAC
  • Europe
  • Latin America
  • MEA
  • North America

1              Research Methodology

2              Research objectives

3              Research process

4              Report Coverage

4.1          Base Year

4.2          Scope of Study

4.2.1       Market Segmentation by End-User

4.2.2       Market Segmentation by Type

4.2.3       Market Segmentation by Lift Type

4.2.4       Market Segmentation by Power Type

4.2.5       Market Segmentation by Use in WAV Type

4.2.6       Market Segmentation by Geography

 

5              Report Assumptions & Caveats

5.1          Currency Conversion rate

5.2          Market Derivation

 

6              Market at a Glance

7              Introduction

8              Market Dynamics

8.1          Market Growth Enablers

8.1.1       Medicaid and Private Insurance Enabling Expenditure on Wheelchair Lifts

8.1.2       Funding and Incentives for Wheelchair Lifts in Vehicular Modification

8.1.3       Inclination of Aging and Disabled Population toward Active and Independent Living

8.2          Market Growth Restraint

8.2.1       High Purchase, Installation, and Maintenance Cost of Wheelchair 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 Wheelchair Lifts

8.3          Market Opportunities & Trends

8.3.1       Increased Emphasis on Government and Private Organizations on Productive and Active Lifestyle for Disabled Population

8.3.2       Revolutionary Shift in Automotive Designs and Rise of Electric Vehicles

8.3.3       Better Knowledge of Mobility Equipment among Disabled and Elderly Population

 

9              Global WheelChair Lift Market

9.1          Market Overview

9.1.1       Market Size & Forecast

9.2          Porter’s Five Forces Analysis

9.2.1       Threat of New Entrants

9.2.2       Bargaining Power of Suppliers

9.2.3       Bargaining Power of Buyers

9.2.4       Threat of Substitutes

9.2.5       Competitive Rivalry

10           Wheelchair Lift Market- BY End-User

10.1        Market Overview

10.2        Wheelchair Lift for Homes

10.2.1     Market Size and Forecast

10.3        Wheelchair Lift for Businesses

10.3.1     Market Size and Forecast

10.4        Wheelchair Lift for Automotive

10.4.1     Market Size and Forecast

 

11           Automotive WheelChair Market Segmentation

11.1        Market Overview

11.2        Automotive Wheelchair Lift by Type

11.2.1     Inside Lifts: Market Size and Forecast

11.2.2     Hybrid Lifts: Market Size and Forecast

11.2.3     Outside Lifts: Market Size and Forecast

11.3        Automotive Wheelchair Lift by Lift Type

11.3.1     Single-arm

11.3.2     Dual-arm

11.4        Automotive Wheelchair Lift by Power Type

11.4.1     Hydraulic: Market Size and Forecast

11.4.2     Electric: Market Size and Forecast

11.5        Automotive Wheelchair Lift by Use in WAV Type

11.5.1     Commercial: Market Size and Forecast

11.5.2     Consumer

 

12           WheelChair Lift Market – By Geography

12.1        Market Overview

12.1.1     Market Size and Forecast

 

13           APAC: Wheelchair Lift Market

13.1        Market Size and Forecast

13.2        China

13.2.1     Market Size and Forecast

13.3        Japan

13.3.1     Market Size and Forecast

13.4        Other APAC Countries

13.4.1     Market Size

 

14           Europe: Wheelchair Market

14.1        Market Size and Forecast

 

15           MEA: Wheelchair Lift Market

15.1        Market Size and Forecast

 

16           North America: Wheelchair Lift Market

16.1        Market Size and Analysis

16.2        US: Market Size and Forecast

16.3        Canada: Market Size and Forecast

 

17           Latin America: Wheelchair Lift Market

17.1        Market Size and Forecast

 

18           Competitive Landscape

18.1        Market Structure and Mapping of Competition

18.2        Overview of Competition

18.2.1     Herfindahl-Hirschman Index

 

19           Key Company Profiles

19.1        BraunAbility

19.2        Harmar

19.3        ThyssenKrupp AG

19.4        Savaria Inc.

19.5        AAT

 

20           Other Prominent Companies

20.1        Antano Group

20.2        Baronmead

20.3        Sano

20.4        Hogg Lifesysteme

20.5        EZ – Access

20.6        KSP Italia

20.7        Focaccia Group

20.8        Sugiyasu Corp.

20.9        DID – Daido Kogyo Co.

20.1        Kumalift

 

21           Report Summary

21.1        Quantitative Summary of Global Wheelchair Lift Market

 

22           Appendix

22.1        List of Abbreviations

               

               

               

 

List Of Exhibits              

Exhibit 1              Segmentation of Wheelchair Lift Market

Exhibit 2              Average Healthcare Spending as a Percentage of GDP in Select Developing Countries (2012−2016)

Exhibit 3              Global Wheelchair Lift Market Size and Forecast ($ billion)

Exhibit 4              Growing Population of Adults (65+ years) Compared with Children (under 5 years) 1950−2050

Exhibit 5              Five Forces Analysis 2016

Exhibit 6              Segmentation of Global Wheelchair Lift Market by End-user

Exhibit 7              Revenue Growth Rate Comparison of Wheelchair Lift Market by End-user

Exhibit 8              Home Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 9              Business Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 10            Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 11            Segmentation of Automotive Wheelchair Lift

Exhibit 12            Inside Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 13            Revenue of Hybrid Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 14            Outside Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 15            Automotive Single-arm Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 16            Automotive Dual-arm Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 17            Hydraulic Powered Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 18            Electric Powered Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 19            Automotive Wheelchair Lift for Commercial Use in WAV Market Size and Forecast ($ million)

Exhibit 20            Consumer Automotive Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 21            Segmentation of Wheelchair Lift Market by Geography

Exhibit 22            Revenue Growth Rate Comparison of Wheelchair Lift Market by Geography 2017−2022

Exhibit 23            APAC Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 24            China Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 25            Adult Population aged 60+ and 80+ in China and India (2000−2050)

Exhibit 26            Total Fertility Rate of Japan 1960−2015

Exhibit 27            Japan Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 28            Other APAC Countries Wheelchair Lift Market Size 2016-2022 ($ million)

Exhibit 29            Average Birthrate Comparison of Various Geographies (Birthrate per 1,000 Population)

Exhibit 30            Europe Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 31            Life Expectancy in Middle East Countries (years)

Exhibit 32            MEA Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 33            North America Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 34            Elderly Population in Age Group of 65 and above in US (million)

Exhibit 35            Elderly Population Aged 65 and Above as a Percentage of Total US Population

Exhibit 36            US Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 37            Percentage of US Population with Disability Type by Age Group (2015)

Exhibit 38            Canada Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 39            Percentage of Population in Age Group of 65 Years and above (Latin America and Caribbean)

Exhibit 40            Incidence of Physical Disability in Latin America 2016 (Percentage of total disability population)

Exhibit 41            Latin America Wheelchair Lift Market Size and Forecast ($ million)

Exhibit 42            Overview of Market Concentration in Various Geographies 2016 (as illustrated by HHI)           

 

List of Tables

Table 1     Key Geographies Definition

Table 2     Key Caveats

Table 3     Currency Conversion 2013−2016

Table 4     Awareness Levels in Target Segment over Various Mobility-assisting Equipment in Key Countries 2016

Table 5     Some of Governments’ Initiatives in Healthcare Sector

Table 6     Major Drivers for Wheelchair Lifts Demand in Other APAC Countries

Table 7      Percentage of Population above 65 years Old in Various European Countries

Table 8      Percentage of US Population with Disability by Age Group (2015)

Table 9      Global Wheelchair Lift Market Size and Forecast by Geographies

Table 10     Wheelchair Lift Market Size and Forecast by End-users

               

               

                

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