Global Vertical Platform Lifts (VPL) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Vertical Platform Lifts (VPL) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Vertical Platform Lifts (VPL) market size was valued at US$ 2036 million in 2024 and is forecast to a readjusted size of USD 3078 million by 2031 with a CAGR of 6.2% during review period.

Vertical Platform Lifts (VPLs), also known as vertical wheelchair lifts or vertical accessibility lifts, are designed to provide accessibility for individuals with mobility impairments in buildings where there is no elevator or where elevator installation is impractical.

The VPL market caters to a wide array of customers including individuals, public institutions, private businesses, and commercial entities. These lifts are used in locations like schools, churches, libraries, restaurants, retail stores, and residential buildings to ensure compliance with the Americans with Disabilities Act (ADA) in the United States and similar regulations in other countries. The market size for VPLs has been experiencing consistent growth over the past decade due to an aging population, increasing awareness regarding disabled rights, and stringent building codes that require accessibility features. The global market for accessibility equipment, which includes VPLs, was valued at several billion dollars in recent years and is expected to grow at a moderate to high rate annually. The global population is aging, with a significant increase in the number of individuals over 65. This demographic is more likely to require accessibility solutions. With the increase in urban populations, there's a demand for multi-story buildings that require accessibility features. The VPL market is characterized by a mix of well-established companies and new entrants. The competition is based on product innovation, price, service quality, compliance with safety standards, and distribution networks. There is a trend towards developing more efficient and space-saving VPLs, as well as integrating smart technologies. Customization of VPLs according to the needs of the user or the building structure is another trend. Service and maintenance are critical to the market, and providers are focusing on offering comprehensive service packages to ensure long-term functionality. Given the current market drivers and demographic trends, the forecast for the VPL market is positive. It's expected to grow at a steady rate, with particular growth in emerging economies where infrastructure development is ongoing.

This report is a detailed and comprehensive analysis for global Vertical Platform Lifts (VPL) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Vertical Platform Lifts (VPL) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Vertical Platform Lifts (VPL) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Vertical Platform Lifts (VPL) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Vertical Platform Lifts (VPL) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Vertical Platform Lifts (VPL)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Vertical Platform Lifts (VPL) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ThyssenKrupp Access, Savaria, Stannah, Cibes, Mitsubishi, Otis, Fujitec, Hitachi, Aritco, Orona, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Vertical Platform Lifts (VPL) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment 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

Market segment by Application
Residential
Commercial and Public

Major players covered
ThyssenKrupp Access
Savaria
Stannah
Cibes
Mitsubishi
Otis
Fujitec
Hitachi
Aritco
Orona
Bruno
Stiltz
RAM Manufacturing
Symmetry Elevator
Terry Lifts
Kone
Goodgo
Shanghai Niuli
Shandong Dingyi

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Vertical Platform Lifts (VPL) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Vertical Platform Lifts (VPL), with price, sales quantity, revenue, and global market share of Vertical Platform Lifts (VPL) from 2020 to 2025.

Chapter 3, the Vertical Platform Lifts (VPL) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Vertical Platform Lifts (VPL) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Vertical Platform Lifts (VPL) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Vertical Platform Lifts (VPL).

Chapter 14 and 15, to describe Vertical Platform Lifts (VPL) sales channel, distributors, customers, research findings and conclusion.