The Lift Chair Market research report is a very detailed study anticipated to rise at an enormous growth rate during the forecast period 2019-2025. This Lift Chair Market report comprises insights keeping the market players in respect and precise prevailing regions of the business.
Global Lift Chair Market report delivers comprehensive study and detailed analysis of the global market. The research report provides the complete scenario of market segmentation on the basis of technology, application, types, and geography.
The study covers an in-depth evaluation of lift char market and provides information about historical data, statistical data, scope, significant approaches of the global market. The report also includes projected facts that are evaluated with the help of a suitable set of techniques and postulations.
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 market demand has also been estimated on the basis of growth of the household and hospital sectors. The global market share has also been estimated by studying its demand and consumption pattern across geographies.
Lift Chair Market: Key Players
Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Best Chairs, Inc., Ultimate Power Recliner, LLC, and Seminar Components.
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.
The study contains the manufacturer’s market share depending on the industry supply chain, region, product specification, products capacity, lucrative business strategies, and effective manufacturing methodologies. The study also focuses on statistical details such as sales, growth rate, revenue, profit, CAGR, and many more.
The rising aging population and shifting demographics are the major factors boosting the Global Lift Chair Market growth. In upcoming years, improved functionality, high adaptability of lift chairs, technological advances, and rising purchasing power are estimated to influence the global market growth.
The market is segmented based on type, end-use industry, and geographical regions. Based on the type, the market has been sub-segmented into 2-position lift chair, 3-position lift chair, zero gravity position lift chair, and infinite position lift chair.
Based on end-use industry, the market is classified as hospital and household.
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.
The medical coverage provided by various governments have created enormous potential for lift chair market growth in household segment across the globe. 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.
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