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Residential Elevator Market

Published Dec 16, 2025
Length 132 Pages
SKU # CMI20729607

Description

The Global Residential Elevator Market is estimated to be valued at USD 61.56 Bn in 2025 and is expected to reach USD 98.27 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.91% from 2025 to 2032. The global residential elevator market represents a rapidly evolving segment within the broader vertical transportation industry, driven by changing demographics, urbanization trends, and evolving consumer preferences for enhanced accessibility and luxury living.

Market Dynamics

The global residential elevator market experiences robust growth driven by several key factors that collectively shape its trajectory across different regions and market segments. Primary drivers include the rapidly aging global population, particularly in developed countries where elderly individuals prefer aging in place rather than relocating to assisted living facilities, necessitating home modifications that include elevator installations for improved accessibility and safety.

Key Features of the Study
  • This report provides in-depth analysis of the global residential elevator market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global residential elevator market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Otis Worldwide Corporation, Schindler, KONE Corporation, Hitachi Ltd., HYUNDAIELEVATOR CO.,LTD., Mitsubishi Electric Corporation, Toshiba Group, FUJITEC CO., LTD., Aritco Lift AB, EMAK, TK Elevator, Schindler Group, ESCON Elevators Pvt Limited, and Electra Elevators
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global residential elevator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global residential elevator market
Market Segmentation
  • Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Hydraulic Elevators
  • Traction Elevators
  • Pneumatic Elevators
  • Other Types
  • Installation Insights (Revenue, USD Bn, 2020 - 2032)
  • New Installation
  • Maintenance
  • Modernization
  • End User Insights (Revenue, USD Bn, 2020 - 2032)
  • Homeowners
  • Real Estate Developers
  • Builders/Contractors
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Otis Worldwide Corporation
  • Schindler
  • KONE Corporation
  • Hitachi Ltd.
  • HYUNDAIELEVATOR CO.,LTD.
  • Mitsubishi Electric Corporation
  • Toshiba Group
  • FUJITEC CO., LTD.
  • Aritco Lift AB
  • EMAK
  • TK Elevator
  • Schindler Group
  • ESCON Elevators Pvt Limited
  • Electra Elevators

Table of Contents

132 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Residential Elevator Market, By Type
Global Residential Elevator Market, By Installation
Global Residential Elevator Market, By End User
Global Residential Elevator Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Residential Elevator Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Hydraulic Elevators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Traction Elevators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Pneumatic Elevators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Other Types
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Residential Elevator Market, By Installation, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
New Installation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Maintenance
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Modernization
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Residential Elevator Market, By End User, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Homeowners
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Real Estate Developers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Builders/Contractors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Residential Elevator Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Installation, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
8. Competitive Landscape
Otis Worldwide Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Schindler
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
KONE Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Hitachi Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
HYUNDAIELEVATOR CO.,LTD.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mitsubishi Electric Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Toshiba Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
FUJITEC CO., LTD.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aritco Lift AB
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
EMAK
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
TK Elevator
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Schindler Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
ESCON Elevators Pvt Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Electra Elevators
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on ‘Residential Elevator Market' - Global forecast to 2032
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