Global Residential Elevators Market 2017 Analysis by Key Players ThyssenKrupp, Otis, Mitsubishi, Hitachi, Cibes, AritcoDescription about Residential Elevators Market Report: Residential Elevators will register a 3.9% CAGR in terms of revenue, reach US$ 17500 million by 2023, from US$ 13900 million in 2017.
Residential elevators are a type of elevators installed in residential. Residential Elevators include platform lifts, Cabin lifts and wheelchair lifts.
As the arrival of population aging, residential elevators are more and more popular. A residential elevator is very helpful for the access solution of the disabled. It looks promising that the global revenue market of residential elevators is about 15.86 billion USD in 2023.
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Leaders Of The Industry:- ThyssenKrupp, Otis, Mitsubishi, Hitachi, Cibes, Aritco, Stannah, Fujitec, RAM Manufacturing, Orona, Kone, Inclinator, Yungtay Engineering, Terry Lifts, Barduva, Yuncheng, Kleeman, Dongnan, Sigma, Canny Elevator and so on.
Furthermore, years considered for the study are as follows:
Historical year 2013, 2016
Base year 2017
Forecast period 2018 to 2023
Europe is the largest and the most mature market, as there are many famous elevator manufacturers engaged in the home lift and platform lift market. Some manufacturer also export residential elevators to other countries like China thorough these cooperative partners such as design and installation companies.
China is the fast growing market as the fast development of its real estate industry in the last several years. Though the growth speed is slowing since 2016, the residential elevator market is still enjoying a fast growth rate as the desire for better experience.
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This report presents a comprehensive overview, market shares, and growth opportunities of Residential Elevators market by product type, application, key manufacturers and key regions.
To calculate the market size, RRI Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
• Platform Lifts
• Cabin Lifts
• Other Lifts
• Segmentation by application:
• Private Home
• Public Space
• This report also splits the market by region:
• United States
• Southeast Asia
• Middle East & Africa
• South Africa
• GCC Countries
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