Press release
Global Residential Elevators Consumption Market Report Key Players ThyssenKrupp,Otis,Mitsubishi,Hitachi,Cibes,Aritco,Stannah,Fujitec,RAM Manufacturing,Orona,Kone,Inclinator,Yungtay Engineering
As the arrival of population aging, residential elevators are more and more popular. 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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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.
Over the next five years, RRI projects that Residential Elevators will register a 3.9% CAGR in terms of revenue, reach US$ 17500 million by 2023, from US$ 13900 million in 2017.
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
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This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ThyssenKrupp
Otis
Mitsubishi
Hitachi
Cibes
Aritco
Stannah
Fujitec
RAM Manufacturing
Orona
Kone
Inclinator
Yungtay Engineering
Terry Lifts
Barduva
Yuncheng
Kleeman
Dongnan
Sigma
Canny Elevator
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives
To study and analyze the global Residential Elevators consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Residential Elevators market by identifying its various subsegments.
Focuses on the key global Residential Elevators manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Residential Elevators with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Residential Elevators submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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