According to a new report published by Reports Monitor titled, “Platform Lifts Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Platform Lifts Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Platform Lifts Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A platform lift is majorly designed to give reasonably priced access to customers who have difficulty with a staircase. On platform lifts a fully enclosed shaft (rectangular tube) is provided which has relatively smooth internal walls which serve between 2, or more floor levels. Platform lifts are also used in industries to lift materials.
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Government effort to promote welfare for disabled people is a key driver for the global platform lift market. Government activities that promote include platform lifts at public buddings and vehicles. Moreover, increasing disposable income among patient population, growing number of disabled populace and rise in awareness regarding disabled-accessibility devices is projected to fuel the demand of platform lifts in the future.
Availability stair climbing chairs and availability of electric chairs with enough acceleration to travel the wheelchair ramp is a key restrain for the global platform lift market. Many electric wheelchairs have ability to travel on small wheelchair ramps without support of the second person. The opportunities of the market drive the market growth. As increasing number of population is expected to move from rural areas to urban areas in next few years, population density in cities is expected to increase significantly. In cities with high population density, land rates are usually high.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Platform Lifts market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Aritco, Axess2, BARDUVA, Bruno, Butler Mobility, Cibes Lift, Garaventa Lift, Gartec, Invalifts, Otis, Platform Lift Company, Savaria, Stannah, and ThyssenKrupp Elevator.
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