Argentina Stair Lifts And Climbing Devices Market Size & Outlook
The stair lifts and climbing devices market in Argentina is expected to reach a projected revenue of US$ 18.2 million by 2030. A compound annual growth rate of 8.9% is expected of Argentina stair lifts and climbing devices market from 2024 to 2030.
Argentina stair lifts and climbing devices market highlights
The Argentina stair lifts and climbing devices market generated a revenue of USD 10.0 million in 2023 and is expected to reach USD 18.2 million by 2030.
The Argentina market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
In terms of segment, stair lifts was the largest revenue generating devices in 2023.
Stair Climbing Wheelchair is the most lucrative devices segment registering the fastest growth during the forecast period.
Stair lifts and climbing devices market data book summary
Market revenue in 2023
USD 10.0 million
Market revenue in 2030
USD 18.2 million
Growth rate
8.9% (CAGR from 2023 to 2030)
Largest segment
Stair lifts
Fastest growing segment
Stair Climbing Wheelchair
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Stair lifts, Stair Climbing Wheelchair
Key market players worldwide
Thyssenkrupp AG, Platinum Stairlifts, Bruno Independent Living Aids, American Elevator Group, Precision Stairs, Stannah Stairlifts, Handicare Stairlifts, Acorn Stairlifts, Harmar, Savaria Corp
Other key industry trends
In terms of revenue, Argentina accounted for 0.5% of the global stair lifts and climbing devices market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil stair lifts and climbing devices market is projected to lead the regional market in terms of revenue in 2030.
Argentina is the fastest growing regional market in Latin America and is projected to reach USD 18.2 million by 2030.
Argentina is heavily urbanized, with the capital city housing about one-third of the population. Argentina's senior population has increased from less than 7% to over 10% of the total population during the previous 30 years.
Furthermore, more than 17% of the population in Buenos Aires is 65 years or older. Argentina is one of the few Latin American countries where population aging is already a serious societal issue. According to a 2018 national study, one out of every 10 people in Argentina has a hearing, vision, or mobility disability.
There are around 5 million people living with a physical disability in Argentina. Hence, the stair lifts and climbing devices market is expected to grow over the forecast period in this region.
Argentina Stair Lifts And Climbing Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Stair Lifts And Climbing Devices Market Outlook will help companies and investors design strategic landscapes.
Stair Lifts was the largest segment with a revenue share of 58.0% in 2023.
Horizon Databook has segmented the Argentina stair lifts and climbing devices market based on stair lifts, stair climbing wheelchair covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is heavily urbanized, with the capital city housing about one-third of the population. Argentina's senior population has increased from less than 7% to over 10% of the total population during the previous 30 years.
Furthermore, more than 17% of the population in Buenos Aires is 65 years or older. Argentina is one of the few Latin American countries where population aging is already a serious societal issue. According to a 2018 national study, one out of every 10 people in Argentina has a hearing, vision, or mobility disability.
There are around 5 million people living with a physical disability in Argentina. Hence, the stair lifts and climbing devices market is expected to grow over the forecast period in this region.
Argentina Stair Lifts And Climbing Devices Market Devices Outlook (Revenue, USD Million , 2018-2030)
Stair lifts
Stair Climbing Wheelchair
Others
Argentina Stair Lifts And Climbing Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
Hospitals
Homecare
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina Stair Lifts And Climbing Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Argentina Stair Lifts And Climbing Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Argentina Stair Lifts And Climbing Devices Market, 2018-2030 (US$M)