Global Residential Elevators Market Growth 2023-2029

Global Residential Elevators Market Growth 2023-2029

Product Code:457691

Published Date: Feb 08,2023

Pages: 120

Region: Global

Category: Machinery & Equipment

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This report studies the Residential Elevators market, residential elevators are a type of elevators installed in residential. Residential Elevators include platform lifts, Cabin lifts and wheelchair lifts.

LPI (LP Information)' newest research report, the “Residential Elevators Industry Forecast” looks at past sales and reviews total world Residential Elevators sales in 2022, providing a comprehensive analysis by region and market sector of projected Residential Elevators sales for 2023 through 2029. With Residential Elevators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Elevators industry.

This Insight Report provides a comprehensive analysis of the global Residential Elevators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Elevators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Residential Elevators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Elevators and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Elevators.

The global Residential Elevators market size is projected to grow from US$ 1458.6 million in 2022 to US$ 1898.6 million in 2029; it is expected to grow at a CAGR of 1898.6 from 2023 to 2029.

Global Residential Elevators key players include ThyssenKrupp, Otis, Mitsubishi, Hitachi, Cibes, etc. Global top five manufacturers hold a share about 35%. Europe is the largest market, with a share about 50%, followed by North America, with a share about 30 percent. In terms of product, Platform Lifts is the largest segment, with a share about 50%. And in terms of application, the largest application is Private Home, followed by Public Space.

This report presents a comprehensive overview, market shares, and growth opportunities of Residential Elevators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Platform Lifts
    Cabin Lifts
    Other Lifts

Segmentation by application
    Private Home
    Public Space

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
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ThyssenKrupp
    Otis
    Mitsubishi
    Hitachi
    Cibes
    Aritco
    Stannah
    Fujitec
    RAM Manufacturing
    Orona
    Kone
    Inclinator
    Yungtay Engineering
    Terry Lifts
    Barduva
    Yuncheng
    Kleeman
    Dongnan
    Sigma
    Canny Elevator

Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Elevators market?
What factors are driving Residential Elevators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Elevators market opportunities vary by end market size?
How does Residential Elevators break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?