|
The North American accessibility equipment industry is expected to grow due to the aging population, the continuing government laws and regulations surrounding accessibility for the disabled as well as the trend towards home care for the elderly.
|
Savaria Corporation, based in Laval, Quebec, is one of North America's leading accessibility companies. Savaria designs, manufactures and distributes equipment for people with mobility challenges and difficulties. Savaria has over 10 years of operating history under the present management team. Savaria's product line includes stairlifts, inclined lifts, vertical lifts and outdoor lifts, for residential and/or commercial buildings. Savaria functions as the designer, assembler, quality controller, subcontracting most of the manufacturing and processing requirements. The company has a dealer distribution network numbering more than 300 dealers/distributors in Canada and the United States. Approximately 65% of Savaria’s sales were derived from the United States and 32% from Canada.
Savaria recently launched the "Ultimo" Residential Elevator, making Savaria has brought a total of nine products to the market, all of which are submitted to, and meet the requirements of Canadian Standards Association ("CSA") or American Society of Mechanical Engineers ("ASME").
|
| |
|
|
Millions of North Americans are affected by disabilities that limit their mobility. Physically challenged people encounter many obstacles each day. Barriers such as stairs raised building entrances and steep inclines deny access to public buildings and even to parts of their own homes. The accessibility equipment industry seeks to remedy these barriers by providing mobility solutions to the elderly and disabled. The industry constitutes manufacturers of stairway lifts, vertical platform lifts, inclined platform lifts residential elevators and limited use or limited application elevators designed to enhance mobility of the disabled and elderly individual.
Savaria's products are targeted to the wheelchair bound person and the elderly. The United States represents 70% of Savaria's actual sales market share. Statistical informations demonstrates the market potential for the accessibility equipment industry and its exceptional growth potential over the next 20+ years.
|
|
Statistical Data
|
 | In 2000, there are an estimated 35 million people age 65 or older in the United States, accounting for almost 13 percent of the total population. The number of older Americans has increased more than ten-fold since 1900. (2000 U.S. Census Survey) |
| | In 2011, the "baby boom" generation will begin to turn 65, and by 2030, it is projected that one in five people will be age 65 or older. The size of the older population is projected to double over the next 30 years, growing to 70 million by 2030. (2000 U.S. Census Survey) |
| | Of 10,073,000 persons aged 65+, 41.4% have difficulty climbing stairs and 5,392,000 use a cane, a walker or a wheelchair. |
| | From 1991 to 2001, the population aged 80 and over increased 41.2% to 932,000. It is expected to increase an additional 43% from 2001 to 2011, by which time it will have surpassed an estimated 1.3 million. (Statistics Canada) |
| | The proportion of people aged 65 and over will start to increase more rapidly by 2011 when the oldest baby boomers, those born in 1946, reach 65. (Statistics Canada) |
| | The population of aged 65 to 69, grew 6% to just over 1.1 million between 1991 and 2001. However, it is expected to soar 31% between 2001 and 2011 (Statistics Canada) |
|
| Brief Description of Products |
Ultimo residential elevator
The cab is offered in 3 standard sizes, but can be customized to just about any size. For ease of installation and service, all panels are assembled within the cab. Its floor is available unfinished and can be carpeted, tiled or covered with hardwood to the owner's tastes and desires.
Stepsaver
With its smooth rack and pinion drive and battery power, "StepSaver" can effortly take users up and down a straight stairway, even during a power outage.
ES-125 - Stair Platform Lift
The ES-125 is designed for residential use with a straight run staircase. This product can be installed indoors or outdoors and can be custom built to fit different architectural requirements. Variations of this model, the ES-125P and ES-125Plus, are designed for public buildings such as schools, churches, restaurants, nursing homes, municipal buildings and community centers.
B.07 - Stairlift
The B.07 is deigned for both commercial and residential use. It is especially designed for elderly people and those with low mobility as it functions virtually as a stair lift that an individual sits in. This product can function indoors and outdoors.
Vertical Lifts
Savaria currently markets 4 different vertical lifts:
(a) The V-1504 is a versatile vertical platform lift that can be equipped with several different platform configurations. This product has ease of installation and can be installed indoors or outdoors and in residential or public buildings.
(b) The V-1504 ALPE is an Aluminum/Plexiglas enclosure model designed specifically for outdoor
purposes. The product’s materials are corrosion resistant and include ventilation features.
(c) The Telecab is a residential two-stop elevator. The Telecab is space efficient, eliminating the need for a hoistway.
(d) The Multilift is a platform lift designed to provide easy access for the physically challenged. The
Multilift works for residential outdoor use.
Stairfriend
Stairfriend is a curved stair lift that is an extension of the B.07 product line.
- To increase market share through: i) selected acquisitions of key distributors; ii) strategic alliance with proven dealer/distribution networks and sales and marketing partnership with large retail chains. Appointment of Mr. Alain Chayer from the Caisse de Dépôt, in the capacity of Consultant of Acquisitions and Integration
- Highly selective in adding complimentary products to its already comprehensive product offering
- Plans to expand in the western U.S. and Canada
- Plans to set-up and establish assembly facilities in the United Kingdom, to serve the European market; and Argentina, to cater the South American market
"I firmly believe that Savaria is well positioned for accelerated growth as a result of the ageing demographic population segment that Savaria caters to. Around the globe, more than 800,000 people turn 65 years old every month. In this segment of the population, 14.6% are in need of accessibility products either for residential or general public applications", stated Marcel Bourassa, CEO of Savaria Corp.
Address: 4150 Highway #13, Laval, Quebec, Canada H7R 6E9
Tel: (450) 681-5655 / 1-800-931-5655
Fax: (450) 681-4745
Web Site: http://www.savaria.com
Back to Investcom Home Page
Disclaimer:
The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a
solicitation to buy any securities or a recommendation as to the purchase of any securities. The information contained herein has been obtained
from publicly available sources and is believed to be accurate. Although resasonable efforts have been made to compile this data with care, neither
Investcom, its employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any
other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages arising therefrom or
occasioned thereby.
Investcom is not an investment advisor, readers are highly recommended to consult his Financial Advisors before making any investments related to any specific companies mentioned in Investcom's web site.
The use of this profile is limited to the recipient. Review of this profile by any other party is expressly not authorized. The
user is expressly not authorized to duplicate this profile or make all or a portion of this profile available to third parties in any manner or form
without the prior written consent of Investcom. Investcom have been paid a fee by the featured company and the featured company may have
contributed to printing and other related expenses. In addition, Investcom, its directors, officers or employees may have a long or short position in
the securities of the featured companies.
|
