Lift Chair Market

Global Lift Chair Market Size (2024 to 2029)

The global lift chair market is predicted to be worth USD 4.13 billion by 2029, up from USD 2.99 billion in 2024, growing at a CAGR of 6.7% from 2024 to 2029.

Lift chairs are a decidedly modern invention created out of the challenges of mobility and the demands of an aging world population. A lift chair is a medical device that gently converts the user into a standing position and also helps the person to sit safely in the chair by providing additional support. It can be used vertically or with a push button from different angles. A lift chair is a machine operated with adjustable seat angles. Using a remote control, a person can lean into other positions from a strong, vertical position. It also has a device to raise the seated person while standing, thanks to the chair support. Depending on the model, the lift chair market is classified as heat and massage, lift table, leather covers, and non-slip. Some chairs provide optional heat and massage. The lift table is designed to work with a lift chair. They are on wheels or hinged so you can move them when you want to get up. Leather offers excellent durability and looks great. Non-slip covers: Like all deckchairs, lift chairs can be fitted with non-slip covers to protect the fabric.

MARKET DRIVERS

The growing evolution of the healthcare industry, combined with the availability of a wide range of products, is driving the demand for lift chairs and contributing to the global market growth.

Increasing personal disposable income worldwide and increasing R&D investments by major players to improve user comfort are propelling the growth of the lift chair market. An increasing number of improvements in product design, lifestyle changes among people, and the growing aging population worldwide have recently spurred demand for lift chairs and are driving the growth of the global lift chair market.

The increasing evolution of the healthcare industry associated with the availability of a wide range of products is stimulating the demand for rescue chairs. Increasing personal disposable income worldwide is also accelerating market growth. Furthermore, the rise in R&D investments by major players to improve user comfort is driving the market growth. On the contrary, the high value associated with the lift chair can limit the growth of the market.

MARKET RESTRAINTS

The high price associated with lift chairs can restrict the market's growth. In the years to come, technological progress, improved functionality of modern lift chairs, the high adaptability of modern designs among young people, and increased purchasing power should impact the demand for the global lift chair market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Lift Chair Market Analysis By Type

Two-position lift chairs can be raised in a seated position and a 15-degree rest position. These chairs are very rare. They have limited mobility and cost almost the same price as a 3-position lift chair. It is best to jump the lift chairs in two positions.

The three-position lift chairs are placed in the seated position, in the 15-degree reclining position, in the 45-degree reclining position, and in the up position. The footrest cannot operate safely from the rear, and the chair can only access its three pre-programmed areas. The price of a 3-position lift chair is generally lower than that of an infinite-position lift chair. 3-position lift chairs typically require less space from the nearest wall than an endless-position lift chair.

REGIONAL ANALYSIS

North America is anticipated to hold the largest share of the global market during the forecast period. The United States is expected to maintain a significant share of the lift chair market in the North American region. The increasing aging population in the United States is one of the main factors that increase the demand for lift chairs in the area. Long-term and elderly care is quickly becoming one of the direst health care challenges. According to the latest survey by the Population Reference Bureau, the number of Americans aged 65 and more is expected to double from around 50 million to around 100 million by 2060. This necessitated the need for booster seats because mobility and independence are essential for the elderly to live a high-quality life. This factor has led to an increase in demand for lift chairs in the region. Rapid advances in health infrastructure in the area have also contributed to regional growth. Besides, launching innovative products by key players is stimulating the growth of the global lift chair market in the region.

KEY PLAYERS IN THE GLOBAL LIFT CHAIR MARKET

The competitive landscape of the global lift chair market is characterized by a large number of players with a global presence. Major players covered in the global chair market report include Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Ultimate Power Recliner, Best Chairs, Inc., and Seminar Components, among others.

RECENT HAPPENINGS IN THE GLOBAL LIFT CHAIR MARKET

• In July 2018, the Franklin Corporation announced the expansion of its manufacturing plant in Houston, Mississippi, in the United States, by investing $ 2.73 million. For example, in June 2019, La-Z-Boy Incorporated acquired Joybird, an upholstered furniture manufacturer and an e-commerce retailer. The acquisition is expected to benefit the company by extending its reach to its Generation Y and Generation X consumers and providing it with a strong presence on online or e-commerce platforms.

DETAILED SEGMENTATION OF THE GLOBAL LIFT CHAIR MARKET INCLUDED IN THIS REPORT

This research report on the global lift chair market has been segmented and sub-segmented based on type, end-user, and region.

By Type

• 2-Position Lift Chair            
• 3-Position Lift Chair            
• Infinite Position Lift Chair 
• Zero Gravity Lift Chair        

By End User

• Hospital
• Household

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa