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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
A vertical platform lift (VPL), similar to a miniature elevator, allows wheelchair or scooter users to access higher ground. In contrast to a ramp, a residential VPL is frequently used to allow access between the ground level and a porch or deck and is seen to be a space-efficient alternative.
Access to raised porches, decks, and other elevated surfaces is made possible for both residential and commercial purposes by vertical platform lifts for wheelchairs and power chairs. These mobility options, which resemble elevators, offer smooth vertical access to higher areas like porches and decks.
When there isn't much room or the vertical distance is larger than a few feet, they make a terrific alternative to ramps. For people who use wheelchairs, power chairs, and scooters, vertical platform lifts provide a practical mobility and accessibility option.
A vertical platform lift is an entirely powered device made to elevate a wheelchair and its user over a step or other vertical obstacle.
In order to comply with the requirements for accessibility set forth by disability acts, wheelchair lifts can be placed in residences or businesses and are frequently added to both private and public transportation.
As an alternative to stair lifts, which only carry a person and not their wheelchair or mobility scooter, these devices are frequently installed in homes.
The Global Vertical Platform Lifts market accountedfor $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
The manner the two move between levels is what separates them. A lift tower on a vertical platform lift has a hydraulic or ball screw drive system. The platform is joined to the tower and has two solid sides. The platform moves vertically up and down along the tower while in use.
In contrast, an inclined platform needs more room than a VPL because it needs to be wall mounted or supported by a post system that secures into the stair treads. A platform for an IPL will include miniature ramps that fold up for travel and down to roll off at the foot of the steps, allowing access from two or three sides.
When not in use, the platform can be folded up to make room for individuals who are walking up the stairs. Because of the way it carries a person over a staircase, an IPL is sometimes even called a "flying carpet."
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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