Lift Chair Market By Type (zero gravity lift chair, infinite position lift chair, 3-position lift chair, and 2-position lift chair), End-use (household, hospital, commercial and others), and Region (North America, Asia-Pacific, Europe, the Middle East & Africa, and South America), Global Forecast 2022- 2029

The market for lift chairs is expected to grow at a compound annual growth rate (CAGR) of 7.7% from its estimated valuation of USD 3.8 billion in 2022 to USD 6.9 billion by 2030.

Increasing number of households with elderly in highly populated countries like Japan, India, and US, decreasing labor force population, shortage of nursing care staff, elderly people encouraging self-reliance is driving the global lift chair market.

Covid-19 Impact & Market Status

The global lift chair market has suffered as a result of the COVID-19 pandemic epidemic. The regions with a significant reliance on imports for their lift chair demands have been severely impacted by the supply chain disruption and the temporary global trade embargo. The COVID-19 pandemic has also made it clear how crucial it is for this sector to stop depending on imports and to advance digitalization and automation thereby improving the global market growth.

The 3-Position Lift Chair Dominated The Market For Lift Chairs Globally

The zero gravity lift chairs, infinite position lift chairs, 3-position lift chairs, and 2-lift chairs are the several types of lift chairs available on the global lift chair market. The positions of 3-position lifting chairs include sitting, a 15-degree recline, a 45-degree recline, and up. A lot of flexibility is available at these three spots. An infinite-position lift chair typically costs more money than a chair with three positions. Additionally, they have the benefit of reclining completely flat at 180 degrees, which increases comfort for a longer period of time. Some of these chairs include additional backup power sources, allowing you to use them even when the power is out. The demand for 3-position lift chairs has increased as a result of these considerations.

Household Segment Dominated The Global Lift Chair Market In 2021

The global lift chair market is segmented into categories such as household, hospital, commercial, and others based on end-use. With the support of lift chairs, people who experience leg or back weakness can remain at home and maintain their independence while still being active and mobile. For people with physical limitations and their families, lift chairs have a significant positive influence. The growing government support for providing financial assistance for mobility aids is another element that boosts demand for the lift chair industry in residential applications. There is a tremendous potential for lift chair market expansion in household segments around the world due to the medical coverage offered by various governments.

The Global Lift Chair Market Is Anticipated To Be Dominated By North America

The global lift chair market is dominated by North America. One of the main causes of the rise in lift chair demand in the area is the growing elderly population in the US. One of the worst problems in healthcare today is the need for long-term care for the elderly. The Population Reference Bureau estimate predicts that by 2060, there will be double the current number of Americans over 65—nearly 100 million people. This has made lift chairs necessary since seniors need movement and independence to live a high-quality life. The demand for lift chairs in the area has increased as a result of this factor. The region's rapid growth has also been facilitated by the infrastructure improvements in the healthcare sector. Additionally, the regional growth of the global lift chair market is being fueled by the main players' launch of cutting-edge computing products.

Lift chair being demanded for elderly persons at home or nursing care due to weakened muscle strength and for people suffering from secondary physical situations such as bedsores is driving the global lift chair market.

Owing to benefits such as ability to support elderly people stand up from seat and keep them more active and independent, the lift chair is experiencing rapid adoption as opposed to conventional elderly support chair, thus fostering remarkable progress of global lift chair market.

The primary drivers fueling the growth of the global lift chair market are the expanding advances in the healthcare sector, the accessibility of a wide range of goods, and the aging global population.

Lift chairs are a type of chair with a motorized lifting mechanism that raises the entire chair from the ground and helps the user stand up. With the help of the remote, you can recline the chair and go to sleep, read the newspaper, or just unwind. Lift chairs are a distinctly contemporary technology that were developed in response to the global aging population's increasing mobility needs. A lift chair is a piece of medical equipment maintenance that gently raises its user to a standing position and, by adding additional support, makes it possible for the user to remain sat in the chair without risk. It may be operated at different angles either by pushing a button or by standing up. Additionally, it contains a device that uses the chair's support to hoist someone who is seated and into a standing posture.

The advantages of the Lift Chair go far beyond its ability to aid in standing and sitting down. Lift Chairs, which come with optional heat and massage capabilities, provide therapeutic advantages to people with stiff and aching joints, arthritis, back discomfort, and a number of other conditions. For patients who need both heat and massage therapy, they provide great, cheap alternatives to lavish bathtub adaptations.

The two key drivers propelling the global lift chair market's expansion are the elderly population's growth and shifting demographics. Technology advancements, current lift chair functioning improvements, young people's high adaptation to contemporary designs, and rising purchasing power are anticipated to have an impact on the demand for lift chairs globally in the upcoming years. The market has also grown as a result of the quick development of the healthcare infrastructure.

On the other side, the expensive price of the lift chair may limit market expansion. Also, presence of pain, reduced joint ability of motion, stiffness and muscle weakness is limiting the ability of elder people to stand or achieve sit-to-stand position. This is limiting the market of lift chair collectively hampering the global lift chair market.

Furthermore, technology advancements, current lift chair functioning improvements, young people's high adaptation to contemporary designs, and rising purchasing power are anticipated to have an impact on the demand for lift chairs globally in the upcoming years. Also, physicians, scientists, and industry leaders are designing and manufacturing a wide variety of adaptive lift chairs that enable elderly people with pain of stiffness achieve the sit-to-stand position. Market leaders anticipate these factors to greatly positively influence the global lift chair market.

The global lift chair market players are Best Chairs, Franklin Corporation, Ultimate Power Recliner, Pride Mobility, Ashley Furniture, Golden Technologies, La-Z-Boy, Med-Lift, Jackson Furniture, and Seminar Components. The VivaLIFT Infinity Collection 525iM, an industry first real infinite position, was introduced on July 17th, 2018 by Pride Mobility. It has the most modern Made-in-the-USA PLR to date, a 4-motor power lift recliner. With features and an integrated USB device charging port, a new ergonomic, soft-touch hand control makes using all functions simple.

Latest Innovations in the Global Lift Chair Market: a Snapshot

• The Franklin Corporation stated in July 2020 that it would be spending millions of dollars to expand its manufacturing facility in Houston, Mississippi, in the United States.
• La-Z-Boy Incorporated purchased Joybird, a producer of upholstered furniture and online retailer, in June 2019. The company will gain from the acquisition by expanding its reach to its Generation Y and Generation X customers and giving it a significant online or e-commerce presence.
• Recent strategic moves made by important competitors have had a favorable impact on the dynamics of the lift chair business. Franklin Corporation stated in July 2018 that it would invest $2.73 million to expand its manufacturing facility in Houston, Mississippi, in the US. For instance, in June 2019, La-Z-Boy Incorporated acquired Joybird, a business that makes upholstered furniture and sells it online. The company probably gained from the acquisition by expanding its reach to its Gen X and millennial customers and giving it a significant online or e-commerce presence.

Lift Chair Market Scope

Key Segments of the Global Lift Chair Software Market

Type Overview, (USD Billion)

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

Deployment Application, (USD Billion)

• Household
• Hospital
• Commercial
• Others

Regional Overview, (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa