Press Release

Worldwide Residential Elevators market is valued at 13900 million US$ in 2018 is expected to reach 18600 million US$ by the end of 2025, growing at a CAGR of 3.7% during 2019-2025 | Industry Leaders Covered | ThyssenKrupp, Otis, Mitsubishi, Hitachi, Cibes, Aritco, Stannah, Fujitec, RAM Manufacturing, Orona, Kone, Inclinator, Yungtay Engineering, Terry Lifts, Barduva, Yuncheng, Kleeman, Dongnan, Sigma, Canny Elevator|

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. 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.

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 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.

The global Residential Elevators market is valued at 13900 million US$ in 2018 is expected to reach 18600 million US$ by the end of 2025, growing at a CAGR of 3.7% during 2019-2025.
This report focuses on Residential Elevators volume and value at global level, regional level and company level. From a global perspective, this report represents overall Residential Elevators market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
ThyssenKrupp
Otis
Mitsubishi
Hitachi
Cibes
Aritco
Stannah
Fujitec
RAM Manufacturing
Orona
Kone
Inclinator
Yungtay Engineering
Terry Lifts
Barduva
Yuncheng
Kleeman
Dongnan
Sigma
Canny Elevator

Market Segment by Regions includes:
North America
Europe
China
Japan

Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Platform Lifts
Cabin Lifts
Lifts

By Industrial Application, the market can be split into:
Private Home
Public Space

Global Residential Elevators Market Research Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 94 pages report.

This market report provides in-depth analytics of the Residential Elevators industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.

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