Lift Chair Market Size by Type, End-User & Geography 2018-2025 - PowerPoint PPT Presentation

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Lift Chair Market Size by Type, End-User & Geography 2018-2025

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The global lift chair market size is estimated to be worth USD 34.20 billion by 2025. The growing aging population and changing demographics are the main factors driving the global lift chair market growth. In the coming years, technological advances, improved functionality of modern lift chairs, high adaptability of modern designs among young people and increasing purchasing power are expected to impact the global lift chair market demand. – PowerPoint PPT presentation

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Title: Lift Chair Market Size by Type, End-User & Geography 2018-2025


1
Global Lift Chair Market
  • Drivers, Restraints, Potential Growth
    Opportunities, Vendor Competitive Landscape,
    Trends and Forecast 2018

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2
Global Lift Chair Market Size, Status and
Forecast 2018-2025
  • Adroit Market Research published a study titled,
    Global Lift Chair Market Demand and Sales By Its
    Numerous Types (2-Position Lift Chair, 3-Position
    Lift Chair, Infinite Position Lift Chair and Zero
    Gravity Position Lift Chair), By Its End-User
    Industries (Household and Hospital), Regional
    Trend Analysis and Forecast 2018 to 2025. The
    global lift chair market size has been estimated
    after the thorough analysis and understanding of
    the penetration of its various types in different
    end-user industries. Detailed qualitative study
    of factors contributing to the global lift chair
    market growth has been discussed in the report.
    The global lift chair market demand has also been
    estimated on the basis of growth of the household
    and hospital sectors. The global lift chair
    market share has also been estimated by studying
    its demand and consumption pattern across
    geographies.
  • The global lift chair market size is estimated to
    be worth USD 34.20 billion by 2025. The growing
    aging population and changing demographics are
    the main factors driving the global lift chair
    market growth. In the coming years, technological
    advances, improved functionality of modern lift
    chairs, high adaptability of modern designs among
    young people and increasing purchasing power are
    expected to impact the global lift chair market
    demand.
  • Based on type, 3-position lift chair is projected
    to grow at a CAGR of 7.3 during the forecast
    period. 3 position lifting chairs can be placed
    in the sitting position, 15 degree reclining
    position, 45 degree reclining position and up
    position. These three positions offer a lot of
    versatility. The price of a 3-position elevator
    chair is generally lower than that of an infinite
    position lift chair. They also offer the
    advantage of reclining to 180 degrees (perfectly
    flat), thus, offering comfort over longer period
    of time. Some of these chairs also include backup
    power sources so that it can be used during power
    outage. These factors have propelled the demand
    for 3-position lift chairs across the globe.

3
Global Lift Chair Market Size, Status and
Forecast 2018-2025
  • Household dominated the global lift chair market
    in 2017 and is projected to be the fastest
    growing application in the near future with an
    estimated market share of 84.3 by 2025. People
    who struggle with leg or back weakness benefit
    from lift chairs as it promotes independence by
    allowing them to stay at home without the help of
    others to stay active and move. Lift chairs have
    an enormous impact not only on people with
    physical disabilities, but also on their
    families. Another factor that increases the
    demand for the lift chair market in household
    applications is increasing government support to
    provide financial assistance for mobility aid.
    For instance, medical and assistive devices are
    exempted from Harmonized Sales Tax (HST), though
    lift chairs require a written prescription from a
    medical practitioner. The medical coverage
    provided by various governments have created
    enormous potential for lift chair market growth
    in household segment across the globe.
  • North America is projected to generate sales more
    than USD 10 billion by 2025. The US is expected
    to hold major lift chair market share in North
    American region. The increasing aging population
    in the US is one of the primary factors surging
    the lift chair demand in the region. Elderly and
    long-term care quickly become one of the most
    disastrous challenges in healthcare. According to
    the Population Reference Bureau report, the
    number of Americans over 65 years of age are
    expected to double from approximately 50 million
    today to almost 100 million by 2060. This has
    necessitated the need for lift chairs as mobility
    and independence are essential for elderly to
    live a high quality life. This factor has led to
    the increased demand for lift chairs in the
    region. Rapid advancements in healthcare
    infrastructure in the region has also contributed
    towards the regional growth. Furthermore, the
    introduction of innovative products by the key
    players is driving the global lift chair market
    growth in the region.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/lift-chair-market

4
Global Lift Chair Market Size, Status and
Forecast 2018-2025
  • The competitive landscape of the global lift
    chair market is characterized by a large number
    of players with global presence. The key players
    covered in the global lift chair market report
    includes Franklin Corporation, Pride Mobility,
    Jackson Furniture, Golden Technologies, Med-Lift,
    La-Z-Boy, Ashley Furniture, Ultimate Power
    Recliner, Best Chairs, Inc., and Seminar
    Components among others.
  • Purchase a single user copy of the global lift
    chair market report _at_ https//www.adroitmarketrese
    arch.com/researchreport/purchase/756

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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