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Automatic Stair Climbing Wheelchair Market by Mobility Type and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2022
  • Pages: 114
  • SKU: IRTNTR74533
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The automatic stair climbing wheelchair market is projected to grow by USD 619.69 million with a CAGR of 12.6% during the forecast period 2021 to 2026.

This automatic stair climbing wheelchair market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automatic stair climbing wheelchair market segmentation by modified type (manual and powered) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The automatic stair climbing wheelchair market report also offers information on several market vendors, including AATGB, ANTANO GROUP S.R.L., Baronmead International, BFree Technology Ltd., Caterwil LLC, Designboom, Harmar Mobility LLC, OSTRICH MOBILITY INSTRUMENTS PVT. LTD., Vin Grace Co., and Acorn Stairlifts Inc. among others.

What will the Automatic Stair Climbing Wheelchair Market Size be During the Forecast Period?

Automatic Stair Climbing Wheelchair Market Size

Download Report Sample to Unlock the Automatic Stair Climbing Wheelchair Market Size for the Forecast Period and Other Important Statistics

 

Automatic Stair Climbing Wheelchair Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the automatic stair climbing wheelchair market. During the COVID-19 pandemic, the automatic stair climbing wheelchair market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Automatic Stair Climbing Wheelchair Market Driver

Increased demand for stairlifts due to the rising aging population is one of the key drivers supporting the automatic stair climbing wheelchair market's growth.  With the increase in the number of orthopedic and neurological disorders, the demand for power wheelchairs is also growing. Factors such as the rising prevalence of medical emergencies, long- and short-term disabilities, and the proliferation of surgical procedures are pushing the market further as the need for medical mobility aids is gaining traction. Conditions such as knee and hip arthritis and fractures primarily affect the elderly population. This is leading to an increase in the dependency of individuals on family members and caregivers, which therefore creates demand for automatic stair climbing wheelchairs.

Key Automatic Stair Climbing Wheelchair Market Trend

Technical advancements that boost market growth are one of the key automatic stair climbing wheelchair market trends contributing to the market growth. Manufacturers are focusing on developing technologically advanced stair climbing wheelchairs for the elderly and disabled. They are launching new products that can help them expand their product portfolios and increase sales. For instance, in January 2021, TK Elevator launched the S200, a new stair climbing lift wheelchair for residential applications. The product is integrated with a calling device to connect users with neighbors, family members, and healthcare professionals. This new product offers simpler directional control along with an improved aesthetic design of the wheelchair. As more and more vendors come out with such new products, market demand is expected to gain momentum during the forecast period.

Key Automatic Stair Climbing Wheelchair Market Challenge

High costs associated with climbing wheelchairs are one of the factors hindering the automatic stair climbing wheelchair market's growth. Advances in technology and the addition of new features increase the cost of automatic stair climbing wheelchairs and hinder the market growth. The high cost of automatic stair climbing wheelchairs has made them unaffordable for many users, leading them to opt for other mobility aids, such as manual wheelchairs and walkers. In addition, in many developed and developing countries, the government does not provide reimbursements for these products, which limits the adoption of automatic stair climbing wheelchairs. Therefore, the high cost of automatic stair climbing wheelchairs and the lack of reimbursements will have a negative impact on the market in the near future.

This automatic stair climbing wheelchair market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automatic stair climbing wheelchair market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automatic stair climbing wheelchair market during the forecast period.

Who are the Major Automatic Stair Climbing Wheelchair Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AATGB
  • ANTANO GROUP S.R.L.
  • Baronmead International
  • BFree Technology Ltd.
  • Caterwil LLC
  • Designboom
  • Harmar Mobility LLC
  • OSTRICH MOBILITY INSTRUMENTS PVT. LTD.
  • Vin Grace Co.
  • Acorn Stairlifts Inc.

 

This statistical study of the automatic stair climbing wheelchair market encompasses successful business strategies deployed by the key vendors. The automatic stair climbing wheelchair market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • AATGB - The company offers a stair climbing electric wheelchair called the AAT S-Max stairclimber, which can go through any winding road. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Automatic Stair Climbing Wheelchair Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the automatic stair climbing wheelchair market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for the Automatic Stair Climbing Wheelchair Market?

Automatic Stair Climbing Wheelchair Market Share by Geography

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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the automatic stair climbing wheelchair market in North America. Market growth in this region will be slower than the growth of the market in Asia and Europe.

The rising prevalence of chronic diseases will facilitate the automatic stair climbing wheelchair market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted the regional market. However, the resumption of business activities in 2021 and the initiation of vaccination drives will lead to the slow recovery of the market in focus during the forecast period.

What are the Revenue-generating Mobility Type Segments in the Automatic Stair Climbing Wheelchair Market?

Automatic Stair Climbing Wheelchair Market Share

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The automatic stair climbing wheelchair market share growth in the manual segment will be significant during the forecast period. Stringent regulations and complex regulatory frameworks that vary from country to country are the biggest hurdles for manual stair climbing wheelchair manufacturers. Automatic stair climbing wheelchairs are not widely used by many people due to their high cost and the complexity involved in using them. However, technological advances will help companies reduce the cost of manual stair climbing wheelchairs during the forecast period, which will, in turn, increase their sales.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic stair climbing wheelchair market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Automatic Stair Climbing Wheelchair Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.6%

Market growth 2022-2026

$619.69 million

Market structure

Concentrated

YoY growth (%)

12.2

Regional analysis

North America, Europe, Asia, and the Rest of the World (ROW)

Performing market contribution

North America at 39%

Key consumer countries

US, Canada, Germany, Italy, China, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AATGB, ANTANO GROUP S.R.L., Baronmead International, BFree Technology Ltd., Caterwil LLC, Designboom, Harmar Mobility LLC, OSTRICH MOBILITY INSTRUMENTS PVT. LTD., Vin Grace Co., and Acorn Stairlifts Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automatic Stair Climbing Wheelchair Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automatic stair climbing wheelchair market growth during the next five years
  • Precise estimation of the automatic stair climbing wheelchair market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automatic stair climbing wheelchair industry across North America, Europe, Asia, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automatic stair climbing wheelchair market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Mobility Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Mobility Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Mobility Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Mobility Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Mobility Type
      • Exhibit 26: Chart on Comparison by Mobility Type
      • Exhibit 27: Data Table on Comparison by Mobility Type
    • 5.3 Manual - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Manual - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Manual - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Manual - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Manual - Year-over-year growth 2021-2026 (%)
    • 5.4 Powered - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Powered - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Powered - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Powered - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Powered - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Mobility Type
      • Exhibit 36: Market opportunity by Mobility Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 Canada - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.11 Italy - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 AATGB
              • Exhibit 89: AATGB - Overview
              • Exhibit 90: AATGB - Product / Service
              • Exhibit 91: AATGB - Key offerings
            • 10.4 Acorn Stairlifts Inc.
              • Exhibit 92: Acorn Stairlifts Inc. - Overview
              • Exhibit 93: Acorn Stairlifts Inc. - Product / Service
              • Exhibit 94: Acorn Stairlifts Inc. - Key offerings
            • 10.5 ANTANO GROUP S.R.L.
              • Exhibit 95: ANTANO GROUP S.R.L. - Overview
              • Exhibit 96: ANTANO GROUP S.R.L. - Key offerings
            • 10.6 Baronmead International
              • Exhibit 97: Baronmead International - Overview
              • Exhibit 98: Baronmead International - Product / Service
              • Exhibit 99: Baronmead International - Key offerings
            • 10.7 BFree Technology Ltd.
              • Exhibit 100: BFree Technology Ltd. - Overview
              • Exhibit 101: BFree Technology Ltd. - Product / Service
              • Exhibit 102: BFree Technology Ltd. - Key offerings
            • 10.8 Caterwil LLC
              • Exhibit 103: Caterwil LLC - Overview
              • Exhibit 104: Caterwil LLC - Product / Service
              • Exhibit 105: Caterwil LLC - Key offerings
            • 10.9 Designboom
              • Exhibit 106: Designboom - Overview
              • Exhibit 107: Designboom - Product / Service
              • Exhibit 108: Designboom - Key offerings
            • 10.10 Harmar Mobility LLC
              • Exhibit 109: Harmar Mobility LLC - Overview
              • Exhibit 110: Harmar Mobility LLC - Product / Service
              • Exhibit 111: Harmar Mobility LLC - Key news
              • Exhibit 112: Harmar Mobility LLC - Key offerings
            • 10.11 OSTRICH MOBILITY INSTRUMENTS PVT. LTD.
              • Exhibit 113: OSTRICH MOBILITY INSTRUMENTS PVT. LTD. - Overview
              • Exhibit 114: OSTRICH MOBILITY INSTRUMENTS PVT. LTD. - Product / Service
              • Exhibit 115: OSTRICH MOBILITY INSTRUMENTS PVT. LTD. - Key offerings
            • 10.12 Vin Grace Co.
              • Exhibit 116: Vin Grace Co. - Overview
              • Exhibit 117: Vin Grace Co. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 118: Inclusions checklist
                • Exhibit 119: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 120: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 121: Research methodology
                • Exhibit 122: Validation techniques employed for market sizing
                • Exhibit 123: Information sources
              • 11.5 List of abbreviations
                • Exhibit 124: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automatic Stair Climbing Wheelchair market growth will increase by $619.69 million during 2022-2026.
              The automatic stair climbing wheelchair market is expected to grow at a CAGR of 12.6% during 2022-2026.
              Technavio has segmented the automatic stair climbing wheelchair market by modified type (manual and powered) and geographic (North America, Europe, Asia, and Rest of World (ROW)).
              AATGB, ANTANO GROUP S.R.L., Baronmead International, BFree Technology Ltd., Caterwil LLC, Designboom, Harmar Mobility LLC, OSTRICH MOBILITY INSTRUMENTS PVT. LTD., Vin Grace Co., Acorn Stairlifts Inc. are a few of the key vendors in the automatic stair climbing wheelchair market.
              North America will register the highest growth rate of 38.77% among the other regions. Therefore, the automatic stair climbing wheelchair market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automatic stair climbing wheelchair market growth are:
              • Increased demand for stairlifts due to an aging population
              • Technical advancement boost market growth
              The automatic stair climbing wheelchair market vendors should focus on grabbing business opportunities from the manual segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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