Demand for the Stair Lift Manufacturing industry has grown during the five years to 2015 as the growing elderly population has increasingly experienced age-related health problems, such as arthritis, which make climbing stairs difficult. Moreover, IBISWorld expects the industry to continue to benefit from healthy growth during the five years to 2020. 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. Additionally, the Patient Protection and Affordable Healthcare Act is also giving more and more consumers access to industry products.
This industry comprises establishments that manufacture stair lifts (i.e. chair lifts) and their associated parts for use in commercial and residential buildings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.