Platform lifts are primarily designed to give reasonably priced access to people who have difficulty with a staircase. These platform lift are available in the market with different size and shape according to the application. Platform lifts are installed in low rise buildings where passenger lifts are not available. Each platform lifts has different advantage depending on the installed area and the functionality of the lift in the needed area. Platform lifts are used in both indoor and outdoor application in residential and commercial buildings.
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Regional outlook
North America is expected to remain platform lifts market frontrunner over the forecast period. High installment of platform lifts in residential and commercial building in U.S. and Canada is expected to deliver high growth for the platform lifts market. Europe platform lifts market is estimated to gain high traction as government in European countries raise new standards for the safety requirement of the platform lift. The factors such as increasing purchasing power of people, developing infrastructure, and improved consumer sentiments are altogether driving the quality of living people, which in turn, increases the demand for platform lifts.
Large number of platform lift manufacturers are setting up their manufacturing units across the India and China, and this is expected to upsurge the demand for platform lifts on domestic level. Manufacturers in Japan are focusing on product innovation to develop new and advanced products and advancement of manufacturing techniques to cater to the demand from respective end customers. Latin America and Middle East is also expected to deliver positive growth in platform lifts market, over the forecast period.
Platform lifts Market Regional analysis includes:
North America (U.S., Canada) Latin America (Mexico, Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Platform Lifts Market: Market Segmentation
Platform Lifts Market can be segmented on the basis of product type, platform type and end use application
On the basis of product type, platform lifts market can be segmented as
- Low Speed platform Lift
- Cabin Lift
- Enclosed Platform Lift
- Open Platform Lift
- Wheelchair Platform Stairlift
On the basis of platform type, platform lifts market can be segmented as
- Vertical Platform Lifts
- Inclined Platform Lifts
- Portable Platform Lifts
On the basis of end use type, platform lifts market can be segmented as
- Residential area
- Commercial office
- Public applications
Consumer inclination towards leisure facilities has increased substantially in the last few years due to high growth in the disposable incomes in the developed as well as in the developing countries. The recent trend observed in the platform lifts market is that the better customers are treated the more they tend to spend and there are higher chances of their return. Therefore, global retailers are focusing more on enhancing the customer experience in their stores. The global population of 60 years and older people is expected to witness very high growth and is expected to nearly double from 12% in 2015 to 22% in 2050.
This will also accelerate the demand for platform lifts in the global market. Government authorities all over the world are also focusing to uplift the community of disable peoples. According to Disability Discrimination Act 1995, it is mandatory for every cinema, museum, restaurant, hotel, and other leisure facilities to have easier access in every area for people with walking difficulties and who are using wheelchairs. Such rules and regulation will also contribute to upsurge the demand for platform lifts.
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Platform Lifts Market: Key Market Players:
Examples of some of the market participants in the global platform lifts market identified across the value chain include
- Dover Corporation
- Express Lift
- Fujitec Co. Ltd.
- HyundaiElevator
- Mitsubishi Electric
- SchindlerElectric
- Otis Elevator
- Kone Motala
- ThyssenKrupp
The platform lifts research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The platform lifts research report provides analysis and information according to market segments such as geographies, application, and industry.
Report Highlights:
- Detailed overview of parent market
- Changing platform lifts market dynamics in the industry
- In-depth market segmentation of Platform lifts Market
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments of Platform lifts Market
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on platform lifts market performance
- Must-have information for platform lifts market players to sustain and enhance their market footprint
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