Valley Cottage, NY -- (SBWIRE) -- 11/21/2017 -- Stair Lift Motors Market: Overview

Stair lift is a mechanical device for uplifting and down, lifting of people in the direction of track besides the stairs. A banister is mounted to the tropes of the stairs and lifting stand or chair is attached to the rail. A stair lift is also known as chair lifts or stair glider. Over the past few years, A.C. power lift motor has added noteworthy attraction in the global stair lift motor market as it is vastly reliable and energy proficient. Moreover, flexibility, low maintenance cost, reduced weight, remains the prime focus of key manufacturer in the market. High level of immobility and convenience is reflected to be a top piece of stair lifts. In addition, the rapid premarket appreciation process is anticipated to play an important role in strident the demand for stair lifts during the forecast period. The government is also imposing strict rule across the globe to take up initiatives to use of a mobility wheel chair in the medical industry. The future stance in the global stair lift motor market is expected to persist optimistic and the market is anticipated to eyewitness double digit CAGR growing during the forecast period.

Stair Lift Motors Market: Dynamics:

The government is also imposing strict rule across the globe to take up initiatives to use of a mobility wheel chair in the medical industry. The future stance in the global stair lift motor market is expected to persist optimistic and the market is anticipated to eyewitness double digit CAGR growing during the forecast period. On the other hand, require medical care at the time of medical emergency, a fracture or diagnosis and fall may accelerate the global stair lift motors market during the forecast period. On the other hand, technological innovation in medical industry remains one of the prominent driving market forces in this market.

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Trained person is required for installation of stair lift motor and lack of acquaintance related to local elevator codes may hinder the global stair lift motor market in the forecast period. Moreover, High prices and deleterious customer evaluations related to the post-sales service is venerable challenges in the stair lift market. Additionally, concerns related to the prospective threat of injury owing to incongruous installation will remain to pretense challenges to the growth of this market.

Stair Lift Motors Market: Segmentation:

The global stair lift motor market can be segmented on the basis of Types:

Wheelchair platform stair lifts
Straight-rail stair lifts
Curved-rail stair lifts
Outdoor stair lifts
Goods stair lifts
Others

The global stair lift motor market can be segmented on the basis of Current:

C. power lifting motors
AC power lifting motors

The global stair lift motor market can be segmented on the basis of Application:

Medical Sector
Industrial Sector
Commercial Sector

The global stair lift motor market can be segmented on the basis of User Orientation:

Seated
Standing and perched
Integrated wheelchair platforms

The global stair lift motor market can be segmented on the basis of Installation Type:

Indoor
Outdoor

The global stair lift motor market can be segmented on the basis of Sales channel:

OEMs
Online

D.C. power lifting motor segment is dominating in the global stair lift motor market owing to constant torque can be supplied by a D.C. motor without any fluctuations. Furthermore, there no requirement of electricity so it can be used as user-friendly. It is expected that this trend will continue during the forecast period.

Stair Lift Motors Market: Key Participants:

The key participants of the global stair lift motors market are following:

Dumore Motors (US)
Acorn Stairlifts, Inc. (US)
Lothian Electric Machines Ltd. (EUROPE)
Harmar (US)
Chanter Biomed (UK)
Bruno (NA)
MediTek
Stannah Stairlifts Ltd.

There is also lead vendor of the global stair lift motor market such as: Platinum Stair Lifts, Otolift, Savaria, Kumalift, Access BDD, MediTek, Sugiyasu and Hiro Lift. Furthermore, Leading brands available in the market include Siena, Elan indoor Straight, Siena and Handicare Van Gogh.

Stair Lift Motors Market: Region-wise Outlook:

North America is dominating in the global stair lift market in terms of revenue and volumes as the demand for mobility wheelchair drive is anticipated to gain popularity during the forecast period, in countries such as the U.S. and Canada. Furthermore, growth in North America region is expected to grow with rising CAGR and it is anticipated that this growth will continue at a rapid pace during the forecast period. Europe has gained remarkable traction into this market owing to increasing mobility wheelchair demand in particular countries such as U.K., Germany, and France. Asia Pacific is also gaining remarkable traction in the global stair lift motor market owing to growing medical industry in particular country such as China, India and ASEAN countries. Furthermore, Latin America and Middle East Africa are also generating significant revenue for the global stair lift motor market during the forecast period.