Future Market Insights (FMI)’s upcoming research study on the global Platform Lifts market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Platform Lifts market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Platform Lifts market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.
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COVID-19 Impact Analysis
As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Platform Lifts market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Platform Lifts market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.
The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Platform Lifts market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.
Platform Lifts Market: Market Dynamics
Consumer inclination towards leisure facilities has increased substantially in the last few years due to high growth in the disposable incomes in the developed as well as in the developing countries. The recent trend observed in the platform lifts market is that the better customers are treated the more they tend to spend and there are higher chances of their return. Therefore, global retailers are focusing more on enhancing the customer experience in their stores. The global population of 60 years and older people is expected to witness very high growth and is expected to nearly double from 12% in 2015 to 22% in 2050. This will also accelerate the demand for platform lifts in the global market. Government authorities all over the world are also focusing to uplift the community of disable peoples. According to Disability Discrimination Act 1995, it is mandatory for every cinema, museum, restaurant, hotel, and other leisure facilities to have easier access in every area for people with walking difficulties and who are using wheelchairs. Such rules and regulation will also contribute to upsurge the demand for platform lifts.
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Platform Lifts Market: Segmentation
To analyze the Platform Lifts market effectively and efficiently, the information has been segregated into key segments and sub-segments.
On the basis of product type, platform lifts market can be segmented as
- Low Speed platform Lift
- Cabin Lift
- Enclosed Platform Lift
- Open Platform Lift
- Wheelchair Platform Stairlift
On the basis of platform type, platform lifts market can be segmented as
- Vertical Platform Lifts
- Inclined Platform Lifts
- Portable Platform Lifts
On the basis of end use type, platform lifts market can be segmented as
- Residential area
- Commercial office
- Public applications
Platform Lifts Market: Competition Analysis
The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Platform Lifts market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Platform Lifts market report.
Key players covered in the report include:
- Dover Corporation
- Express Lift
- Fujitec Co. Ltd.
- HyundaiElevator
- Mitsubishi Electric
- SchindlerElectric
- Otis Elevator
Crucial Questions Answered in the Report
- Which end-use industry remains the top consumer of Platform Lifts in different regional markets?
- At what rate has the global Platform Lifts market been expanding during the forecast period?
- How will the global Platform Lifts market look like by the end of the forecast period?
- What innovative technologies are the Platform Lifts market players adopting to stay ahead of the pack?
- What are the restraints affecting the growth of the global Platform Lifts market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Platform Lifts market