Demand for the Stair Lift Manufacturing industry has grown during the five years to 2014, as the growing elderly population has increasingly experienced age-related health problems, such as arthritis, which makes climbing stairs difficult. Moreover, IBISWorld expects the industry to continue to benefit from healthy growth during the five years to 2019. As the US economy continues to improve, unemployment will likely continue to fall, giving more customers access to private healthcare plans, and increasing the overall level of consumer disposable income in the United States. These trends will both facilitate spending on home medical equipment, such as stair lifts, and will likely stimulate demand in the housing market, which will likely create a greater residential market for stair lifts.
This industry comprises establishments that manufacture stair lifts (i.e. chair lifts) and their associated parts for use in commercial and residential buildings.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.