United States Shaftless Home Elevators Market is Expected to Register a 5.89% CAGR Through 2030
Rising Demand for Aging in Place Solutions and Technological
Advancements in Elevator Design are likely to propel the market during the
forecast period.
According to
TechSci Research report, “United States Shaftless Home Elevators Market
– By Region, Competition, Forecast and Opportunities, 2020-2030F”, United States
Shaftless Home
Elevators Market was valued at USD 515 Million in 2024 and is expected to reach
USD 732 Million by 2030 with a CAGR of 5.89% during the forecast period.
As consumer preferences shift toward
personalization and luxury, there has been a growing demand for custom-designed
home features, including elevators. Shaftless home elevators, with their sleek
and compact designs, are increasingly being customized to match the specific
aesthetics and needs of homeowners. This trend is particularly evident in
high-end homes, where residents want to incorporate functional yet luxurious
elements into their living spaces.
Customization options for shaftless
elevators are vast, with homeowners able to choose from a range of materials,
finishes, and colors to match the style of their homes. For instance, some
homeowners opt for elevators with glass walls for a modern, transparent look,
while others choose elegant wood paneling for a more traditional aesthetic. The
ability to personalize the design of the elevator ensures that it complements
the home’s interior while providing a functional mobility solution.
In addition to design customization,
luxury features are becoming more common in shaftless elevators. For example,
some systems now include advanced lighting features, allowing homeowners to
adjust the ambiance inside the elevator. Other luxury features include plush,
high-end flooring materials and customizable control panels. These added
touches elevate the elevator experience and make the system feel more like a
premium, integrated part of the home.
The rising interest in luxury and
customization reflects broader trends in the housing market, where consumers
are seeking to add unique, high-end features to their homes. As a result,
shaftless home elevators are becoming more than just practical mobility aids;
they are also a status symbol and a way to enhance the overall luxury of a
residence.
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Based
on Installation, Retrofit installations dominated the United States shaftless
home elevator market primarily due to the growing demand for accessibility
solutions in existing homes. As many homeowners seek to improve mobility and
safety, particularly for aging family members or individuals with disabilities,
retrofit installations offer a practical and cost-effective way to add an
elevator to a home without the need for extensive structural modifications.
One
of the key advantages of retrofit installations is that they can be performed
in homes that were not originally designed to accommodate traditional
elevators. Traditional elevators require a dedicated shaft and substantial
space, which may not be available in older or smaller homes. In contrast,
shaftless elevators are designed to be compact and flexible, making them easier
to install in existing structures. Retrofit installations can be done with
minimal disruption to the home’s layout, which is particularly appealing to
homeowners who want to preserve the aesthetic appeal of their residence while
improving accessibility.
Another
driving factor is the increasing number of homeowners opting to "age in
place." As the U.S. population ages, more individuals are choosing to stay
in their homes for as long as possible rather than moving to assisted living
facilities. Retrofit shaftless elevators provide a convenient and efficient
solution for these individuals, allowing them to move between floors with ease
and reducing the risk of falls. Furthermore, retrofit installations are often
more affordable and less invasive compared to installing a traditional
elevator, which requires major structural changes to the home. As a result,
retrofit installations allow homeowners to improve the functionality of their
homes without undertaking costly renovations or sacrificing valuable space.
Based
on Region, The Midwest U.S. is the fastest growing region in the shaftless home elevator market for
several reasons, including the region’s aging population, increasing demand for
accessible living solutions, and the structural characteristics of homes in
this area.
The
Midwest has a significant proportion of older adults, many of whom prefer to
"age in place" rather than move to assisted living facilities. As the
population in states like Ohio, Michigan, and Illinois continues to age, the
demand for home modifications that enhance mobility has increased. Shaftless
home elevators are an ideal solution for these homeowners because they provide
easy vertical transportation without the need for major renovations or
extensive space requirements, which is crucial for older homes often found in
this region.
Homes
in the Midwest tend to be larger and often have multiple stories, making
multi-floor access a challenge for those with mobility limitations. Shaftless
elevators, which can be installed in tight spaces and without the need for a
dedicated shaft, are perfectly suited for these homes. Their space-saving
design allows homeowners to maintain their home’s original structure while
enhancing accessibility and convenience. Given that many homes in the Midwest
are older and lack the infrastructure for traditional elevators, shaftless
options provide a more flexible, cost-effective alternative.
The
Midwest is home to a strong manufacturing base, which has contributed to a
growing supply of shaftless home elevators. The region’s established industry
and skilled labor force make it easier for manufacturers to produce,
distribute, and install these elevators. Additionally, the local market is more
familiar with and inclined to adopt such products as the availability of
residential mobility solutions becomes more accessible.
Major companies
operating in the United States Shaftless Home Elevators Market are:
- Savaria
Corporation
- Stiltz Limited
- Wessex Lifts
- Pollock Lifts
- Terry Lifts
- SHC Elevators
- Arrow Lift
- Cibes Lift AB
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“The United States shaftless home
elevators market presents significant growth opportunities, driven by
increasing demand for aging-in-place solutions, technological advancements, and
rising consumer interest in space-saving, luxury, and customizable home
features. As the aging population seeks mobility aids for independent living,
shaftless elevators provide an ideal solution, particularly in homes with
limited space. Additionally, the growing trend of environmentally-conscious
design and energy efficiency creates further opportunities for market
expansion. With advancements in smart technology and an increasing focus on
sustainability, the shaftless home elevator market is poised for continued
growth, offering substantial prospects for manufacturers and suppliers,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“United States Shaftless
Home Elevators Market, By Type (Traction Shaftless
Elevators, Pneumatic Shaftless Elevators), By End User (Residential,
Commercial), By Installation (New Installations, Retrofit Installations), By
Capacity (1-2 Persons, 3-4 Persons), By Region, Competition, Forecast &
Opportunities, 2020-2030F”,
has evaluated the future growth potential of United States Shaftless Home
Elevators Market and provides statistics & information on Market size,
structure and future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the United States Shaftless Home
Elevators Market.
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