Market Overview:
The global vertical platform lifts (VPL) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for VPLs from residential, commercial, and public applications. Additionally, the growing awareness about disability access and rising number of geriatric population are also propelling the growth of this market.
 Industry Outlook.svg)
Product Definition:
Vertical Platform Lifts (VPL) are devices that are used to raise and lower people or objects between floors of a building. They can be used in both commercial and residential settings, and are an important tool for people with disabilities who need assistance getting around their home or workplace.
Less Than or Equal to 0.15 m/s:
The less than or equal to 0.15 m/s is the fastest speed that a vertical platform lift can attain without exceeding the load limit of the lifting mechanism. The growth factor in this industry is determined by two main factors, firstly, customer demand and secondly, product development capabilities.
Less Than or Equal to 0.3 m/s:
The less than or equal to 0.3 m/s is the speed range where there are a number of VPL products available in the market which can be used for vertical platform lifts. The less than or equal to 0.3 m/s category has been gaining significant traction among users as it caters to a wide range of applications and provides benefits such as low cost, small size, lightweight and easy assembly & installation among others.
Application Insights:
The commercial and public application segment led the global vertical platform lifts (VPL) market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in construction activities at various locations, including offices, shopping malls and complexes, airports and seaports across various countries worldwide.
The residential application segment is expected to witness significant growth over the forecast period owing to rising demand for high rise buildings from emerging economies including China India Indonesia Brazil Thailand Russia etc., as a result of rapid urbanization coupled with increasing disposable income levels among households globally. Increasing investments by governments in infrastructure development are also likely to have a positive impact on industry expansion over the next eight years or so.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of a large number of vertical platform lift manufacturers and suppliers, high product demand, and favorable government regulations for construction safety standards. Europe accounted for a significant share in terms of revenue owing to growing product adoption coupled with stringent safety norms regarding employee health & wellbeing. Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing infrastructure development activities along with rising commercial office spaces in key markets including China, India, Japan and South Korea. In addition, rapid urbanization coupled with expanding population across Southeast Asian countries such as Indonesia and Malaysia are anticipated to drive industry expansion over the next eight years.
Growth Factors:
- Increasing demand for VPLs from the healthcare sector as they offer a safe and comfortable way to move patients between floors.
- Growing popularity of VPLs in the commercial sector for use in retail stores, restaurants, and other businesses.
- Rising awareness about the benefits of using vertical platform lifts among people with disabilities or mobility issues.
- Advances in technology that have led to the development of more efficient and user-friendly VPLs models.
- The growing number of aging population who require assistance with moving around and are increasingly turning to vertical platform lifts for help."
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Platform Lifts (VPL) Market Research Report
By Type
Less Than or Equal to 0.15 m/s, Less Than or Equal to 0.3 m/s, Less Than or Equal to 0.5 m/s, Less Than or Equal to 0.75 m/s
By Application
Residential, Commercial and Public
By Companies
ThyssenKrupp Access, Savaria, Stannah, Cibes, Mitsubishi, Otis, Fujitec, Hitachi, Aritco, Orona, ThyssenKrupp Access, Stiltz, RAM Manufacturing, Symmetry Elevator, Terry Lifts, Kone, Goodgo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Platform Lifts (VPL) Market Report Segments:
The global Vertical Platform Lifts (VPL) market is segmented on the basis of:
Types
Less Than or Equal to 0.15 m/s, Less Than or Equal to 0.3 m/s, Less Than or Equal to 0.5 m/s, Less Than or Equal to 0.75 m/s
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial and Public
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ThyssenKrupp Access
- Savaria
- Stannah
- Cibes
- Mitsubishi
- Otis
- Fujitec
- Hitachi
- Aritco
- Orona
- ThyssenKrupp Access
- Stiltz
- RAM Manufacturing
- Symmetry Elevator
- Terry Lifts
- Kone
- Goodgo
 Market Overview.svg)
Highlights of The Vertical Platform Lifts (VPL) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than or Equal to 0.15 m/s
- Less Than or Equal to 0.3 m/s
- Less Than or Equal to 0.5 m/s
- Less Than or Equal to 0.75 m/s
- By Application:
- Residential
- Commercial and Public
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vertical Platform Lifts (VPL) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vertical platform lifts are a type of lift that move people or goods vertically up and down. They are often used in warehouses, factories, and other industrial settings.
Some of the key players operating in the vertical platform lifts (vpl) market are ThyssenKrupp Access, Savaria, Stannah, Cibes, Mitsubishi, Otis, Fujitec, Hitachi, Aritco, Orona, ThyssenKrupp Access, Stiltz, RAM Manufacturing, Symmetry Elevator, Terry Lifts, Kone, Goodgo.
The vertical platform lifts (vpl) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Platform Lifts (VPL) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vertical Platform Lifts (VPL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Platform Lifts (VPL) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vertical Platform Lifts (VPL) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vertical Platform Lifts (VPL) Market Size & Forecast, 2020-2028
4.5.1 Vertical Platform Lifts (VPL) Market Size and Y-o-Y Growth
4.5.2 Vertical Platform Lifts (VPL) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less Than or Equal to 0.15 m/s
5.2.2 Less Than or Equal to 0.3 m/s
5.2.3 Less Than or Equal to 0.5 m/s
5.2.4 Less Than or Equal to 0.75 m/s
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial and Public
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Platform Lifts (VPL) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vertical Platform Lifts (VPL) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less Than or Equal to 0.15 m/s
9.6.2 Less Than or Equal to 0.3 m/s
9.6.3 Less Than or Equal to 0.5 m/s
9.6.4 Less Than or Equal to 0.75 m/s
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial and Public
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less Than or Equal to 0.15 m/s
10.6.2 Less Than or Equal to 0.3 m/s
10.6.3 Less Than or Equal to 0.5 m/s
10.6.4 Less Than or Equal to 0.75 m/s
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial and Public
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less Than or Equal to 0.15 m/s
11.6.2 Less Than or Equal to 0.3 m/s
11.6.3 Less Than or Equal to 0.5 m/s
11.6.4 Less Than or Equal to 0.75 m/s
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial and Public
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less Than or Equal to 0.15 m/s
12.6.2 Less Than or Equal to 0.3 m/s
12.6.3 Less Than or Equal to 0.5 m/s
12.6.4 Less Than or Equal to 0.75 m/s
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial and Public
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less Than or Equal to 0.15 m/s
13.6.2 Less Than or Equal to 0.3 m/s
13.6.3 Less Than or Equal to 0.5 m/s
13.6.4 Less Than or Equal to 0.75 m/s
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial and Public
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vertical Platform Lifts (VPL) Market: Competitive Dashboard
14.2 Global Vertical Platform Lifts (VPL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ThyssenKrupp Access
14.3.2 Savaria
14.3.3 Stannah
14.3.4 Cibes
14.3.5 Mitsubishi
14.3.6 Otis
14.3.7 Fujitec
14.3.8 Hitachi
14.3.9 Aritco
14.3.10 Orona
14.3.11 ThyssenKrupp Access
14.3.12 Stiltz
14.3.13 RAM Manufacturing
14.3.14 Symmetry Elevator
14.3.15 Terry Lifts
14.3.16 Kone
14.3.17 Goodgo
