Residential Elevator Market Size, Share & Industry Analysis, By Product Type (Traction with Machine Room, Machine Room Less Traction, and Hydraulic), By Installation (New Installation, Maintenance, and Modernization), By Application (Low-Rise Buildings, Mid-Rise Buildings, and High-Rise Buildings), and Regional Forecast, 2025-2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 7.9% from 2025-2032

Unit

Value (USD Billion)

Segmentation

By Product Type

• Traction with Machine Room
• Machine Room Less Traction
• Hydraulic

By Installation

• New Installation
• Maintenance
• Modernization

By Application

• Low-Rise Buildings
• Mid-Rise Buildings
• High-Rise Buildings

By Region

• North America (By Product Type, Installation, Application, and Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
• Europe (By Product Type, Installation, Application, and Country/Sub-region)
  • Germany (By Application)
  • Italy (By Application)
  • France (By Application)
  • U.K. (By Application)
  • Spain (By Application)
  • BENELUX (By Application)
  • Nordics (By Application)
  • Russia (By Application)
  • Rest of Europe
• Asia Pacific (By Product Type, Installation, Application, and Country/Sub-region)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • ASEAN (By Application)
  • South Korea (By Application)
  • Oceania (By Application)
  • Rest of Asia Pacific
• Middle East and Africa (By Product Type, Installation, Application, and Country/Sub-region)
  • GCC Countries (By Application)
  • South Africa (By Application)
  • Rest of Middle East and Africa 
• South America (By Product Type, Installation, Application, Country/Sub-region)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America