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Lift Chair Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Pride Mobility, Golden Technologies, Franklin Corp, Med-Lift

06 Jan, 2020 | 119 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 6.2% during the review period (2022 to 2027).



Lift Chair Market Overview



A lift chair is an adjustable seat which is machine powered. With the help of remote control, one can switch from a sitting position to a rest position. It also possesses an up position where the chair supports up and forward to push the sitter into the standing position. This is how the name lift chair has been originated, to lift the sitter up. Lift chairs are proposed for those individuals who find it difficult to stand up from a chair due to the conditions like severe arthritis in the hips or knees. Lift chairs can be useful to the elderly, disabled, or infirm. There are situations including some medical conditions, in which you have to practice operating the lift chair with the help of a trained assistant.



All-important industry trends, market dynamics, and competitive environment are considered in the global lift chair industry. Aside from that, the study also includes important information on the Lift Chair Market's competitive landscape, major trends, and possible growth prospects. These research reports are created with the objective of assisting the reader in retrieving information and making decisions that will help them build their business. GMV has a specific goal in mind: to give business insights and consultancy to help its clients make strategic business decisions and achieve long-term growth in their particular markets.



Who are the Major Players in Lift Chair Market?



Top Key players in the Lift Chair Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Lift Chair Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Pride Mobility, Golden Technologies, Franklin Corporation, Med-Lift, La-Z-Boy, Jackson Furniture, Best Chairs, Ashley Furniture, Seminar Components, Mega Motion, Home Meridian, Palliser, Dromedar, Avafurn, Meifeilai and others.



Industry News and Updates:-



April 15, 2022: Golden Technologies on April 4 decreased lead times on in-stock power lift recliners to one week and custom build orders to six weeks.  Over the last 12 months, the company says it has been working hard to expand a diverse supply chain for parts and products to ensure a continuous supply of products and services and has opened a new distribution center that spans 170,000 square feet.




What are the major Applications, Types and Regions for Lift Chair Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Elderly

  • Obese

  • Handicapped



By Application, it is segmented into




  • Household

  • Commercial

  • Healthcare



Lift Chair Market Regional Analysis



North America is expected to earn more than $10 billion. In the North American area, the United States is likely to maintain a major share of the lift chair market. One of the key causes driving up demand for lift chairs in the area is the growing geriatric population in the United States. Long-term and senior care is rapidly becoming one of the most pressing healthcare issues. According to the most recent assessment by the Population Reference Bureau, by 2060, the number of Americans aged 65 and up will have doubled, from roughly 50 million to around 100 million. Booster seats were required since the elderly require movement and freedom in order to live a high-quality life.



North America






    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Lift Chair Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Lift Chair Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Lift Chair Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2028 CAGR



CAGR of 6.2% over the forecast period (2022-2027)



By Type




  • Elderly

  • Obese

  • Handicapped



By Application




  • Household

  • Commercial

  • Healthcare



By Companies



Pride Mobility, Golden Technologies, Franklin Corporation, Med-Lift, La-Z-Boy, Jackson Furniture, Best Chairs, Ashley Furniture, Seminar Components, Mega Motion, Home Meridian, Palliser, Dromedar, Avafurn, Meifeilai and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



133



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Lift Chair Report




  • Evaluate Lift Chair market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Lift Chair market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Lift Chair Market is studied from 2022 - 2027.



What is the growth rate of Lift Chair Market?



The Lift Chair Market is growing at a CAGR of 6.2% over the next 5 years.



Who are the key players in Lift Chair Market?



Pride Mobility, Golden Technologies, Franklin Corporation, Med-Lift, La-Z-Boy, Jackson Furniture, Best Chairs, Ashley Furniture, Seminar Components, Mega Motion, Home Meridian, Palliser, Dromedar, Avafurn, Meifeilai and others.



What are the significant types of Lift Chair Market?



Elderly, Obese, Handicapped



What are the major end-use applications of Lift Chair Market?



Household, Commercial, Healthcare



All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      • SECONDARY RESEARCH

      • PRIMARY RESEARCH

      • SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      • DATA TRIANGULATION

      • BOTTOM-UP APPROACH

      • TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL LIFT CHAIR MARKETBY TYPE

    3. GLOBAL LIFT CHAIR MARKETBY APPLICTAION



  4. GLOBAL LIFT CHAIR MARKETDYNAMICS

    1. DRIVERS

    2. INCREASING LENSMETER MARKET

    3. RESTRAINTS

      • STRINGENT ENVIRONMENTAL REGUALTIONS

      • HIGH COST ON MATERIALS



    4. OPPORTUNITIES

      • LENSMETER MARKETGROWTH



    5. APPLICATION OF LIFT CHAIR MARKETIMPACT OF COVID-19



  5. GLOBAL LIFT CHAIR MARKET, BY TYPE

    1. INTRODUCTION

    2. ELDERLY

    3. OBESE

    4. HANDICAPPED



  6. GLOBAL LIFT CHAIR MARKET BY APPLICATION

    1. INTRODUCTION

    2. HOUSEHOLD

    3. COMMERCIAL

    4. HEALTHCA



  7. GLOBAL LIFT CHAIR MARKET BY REGION

    1. NORTH AMERICA

      • US

      • CANADA

      • MEXICO



    2. EUROPE

      • GERMANY

      • FRANCE

      • UK

      • ITALY

      • RUSSIA

      • REST OF EUROPE



    3. APAC

      • CHINA

      • SOUTH KOREA

      • JAPAN

      • INDIA

      • AUSTRALIA

      • ASEAN

      • REST OF APAC



    4. MIDDLE EAST & AFRICA

      • SAUDI ARABIA

      • UAE

      • SOUTH AFRICA

      • TURKEY

      • REST OF MEA



    5. SOUTH AMERICA

      • BRAZIL

      • REST OF MEA

      • ARGENTINA

      • REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      • KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    • BUSINESS OVERVIEW

    • COMPANY SNAPSHOT

    • PRODUCT BENCHMARKING

    • STRATEGIC INITIATIVES

      1. PRIDE MOBILITY,

      2. GOLDEN TECHNOLOGIES,

      3. FRANKLIN CORPORATION,

      4. MED-LIFT,

      5. LA-Z-BOY,

      6. JACKSON FURNITURE,

      7. BEST CHAIRS,

      8. ASHLEY FURNITURE,

      9. SEMINAR COMPONENTS,

      10. MEGA MOTION,

      11. HOME MERIDIAN,

      12. PALLISER,

      13. DROMEDAR,

      14. AVAFURN,

      15. MEIFEILAI AND

      16. OTHERS.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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