global top 13 companies accounted for 55% of total home elevator market (qyresearch, 2021) (Business Opportunities - Home Business)

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global top 13 companies accounted for 55% of total home elevator market (qyresearch, 2021)


A home elevator is primarily for residential use in private homes or apartments and has been designed to make it easier for homeowners to travel between the floors of their home. Most commonly, this type of residential lift is for older people who are finding the stairs challenging or individuals who have other mobility issues or disabilities and it offers them an alternative to a traditional stair lift. As residential elevator products have progressed in design and functionality, they are also popular with homeowners who are simply looking to improve their lifestyle or ‘future-proof’ their property for use in later life. Unlike elevators which are used in commercial buildings, offices and department stores, home lifts differ greatly in their size and style in order that the lifts are more suited to be installed in a private residential property.
The global key manufacturers of Home Elevators include Otis, Savaria, TK Elevator, Residential Elevators, Inclinator, Waupaca, Cibes Lift Group, Nationwide Lifts, Kone, Symmetry Elevator, etc. In 2022, the global top five players had a share approximately 55.0% in terms of revenue.

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Email: global@qyresearch.com
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Last Update : 17 April 2024 2:30 AM
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