PUBLISHER: The Business Research Company | PRODUCT CODE: 1810697
PUBLISHER: The Business Research Company | PRODUCT CODE: 1810697
A shaftless home elevator is a compact, space-saving residential lift system that functions without the need for a conventional elevator shaft, making installation easier in existing homes with minimal structural modifications. Typically designed to move between two floors, it emphasizes convenience, safety, and accessibility, often featuring a stylish design that integrates seamlessly with home interiors while offering vital mobility assistance for elderly individuals, people with disabilities, or those planning for aging in place.
The primary types of shaftless home elevators include traction shaftless elevators, pneumatic shaftless elevators, hydraulic shaftless elevators, and vacuum shaftless elevators. Traction shaftless elevators use traction drive systems without requiring a traditional elevator shaft, enabling flexible installation in buildings where space is limited. These elevators incorporate various technologies such as smart controls, energy-efficient operations, remote control capabilities, and Internet of Things (IoT) connectivity, and are available for both new builds and retrofit projects. They are used in buildings ranging from double-story to four stories and above, serving a range of end users including residential homes, commercial buildings, retirement facilities, and luxury villas.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.
The shaftless home elevator market research report is one of a series of new reports from The Business Research Company that provides shaftless home elevator market statistics, including the shaftless home elevator industry global market size, regional shares, competitors with the shaftless home elevator market share, detailed shaftless home elevator market segments, market trends, and opportunities, and any further data you may need to thrive in the shaftless home elevator industry. This shaftless home elevator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The shaftless home elevator market size has grown strongly in recent years. It will grow from $1.40 billion in 2024 to $1.53 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth during the historic period can be attributed to a rising aging population, increasing demand for home accessibility, accelerating urbanization, growth in residential construction, and heightened awareness of mobility solutions.
The shaftless home elevator market size is expected to see strong growth in the next few years. It will grow to $2.13 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The projected growth during the forecast period can be attributed to increasing demand for space-saving elevators, greater adoption of smart home technologies, rising renovation activities in existing residences, expansion of the luxury housing market, and an intensified focus on safety and regulatory compliance. Key trends expected in this period include rapid technological advancements in intelligent solutions, ongoing innovations to improve user experience, development of new products with enhanced features, integration of energy-efficient and sustainable systems, and dedicated research and development aimed at improving safety and reliability.
The rising demand for luxury homes is expected to drive the growth of the shaftless home elevator market in the coming years. Luxury homes are high-end residential properties that feature premium amenities, superior build quality, prime locations, and exclusive facilities designed to offer exceptional comfort, privacy, and lifestyle. This demand is fueled by affluent homeowners looking for upscale features that enhance property value, provide seamless vertical mobility, and complement modern interior designs. Shaftless home elevators contribute to luxury homes by delivering smooth, space-saving vertical transportation with stylish designs, adding convenience and value to upscale living spaces. For example, a report by Coldwell Banker, a US real estate company, indicated that single-family luxury home sales increased by 1.7% year over year in the first five months of 2025 and by 9.0% compared to 2023. Thus, the growing preference for luxury homes is driving the shaftless home elevator market forward.
Key players in the shaftless home elevator market are focusing on innovations such as the carbon seal motor to improve elevator durability, reduce maintenance, and increase energy efficiency. The carbon seal motor is designed to resist dust and moisture, protecting internal components and ensuring reliable, long-lasting operation. In June 2024, Nibav Lifts Inc., an elevator manufacturer based in India, introduced its Series 4 and Series 4 Max shaftless home elevators, which feature advanced safety measures, customizable designs, and smart technologies including GSM connectivity and voice assistant integration to improve home mobility. Their rapid rescue latch system allows emergency responders to quickly and safely remove polycarbonate glass for faster evacuation, significantly enhancing passenger safety and demonstrating Nibav's dedication to innovative safety features in residential elevators.
In September 2024, Harmar Mobility LLC, a US-based manufacturer and designer of accessibility and mobility solutions, acquired Pollock Lifts for an undisclosed amount. This acquisition aims to broaden Harmar Mobility's product offerings and expand its market reach by utilizing Pollock Lifts' expertise in wheelchairs and residential elevators. Pollock Lifts Ltd. is a UK-based company specializing in the manufacture of shaftless home elevators for residential applications.
Major players in the shaftless home elevator market are Savaria Corporation, Cibes Lift AB, Fujitec Co. Ltd., Daze Elevator Pvt. Ltd., Terry Lifts Pvt. Ltd., Stiltz Home Lifts Ltd., Vimec S.p.A., Arrow Lift Ltd., Elite Elevators Limited, SWIFT Lifts Ltd., Pneumatic Vacuum Elevators, Gartec Home Lifts Ltd., Stag Elevators Ltd., Nova Vacuum Elevators, Nibav Home Elevators (India) Pvt. Ltd., Vacuum Elevators Inc., Vertical Platform Lifts, VKS Fuji Elevator Co. Ltd., Essaar Elevator India Pvt. Ltd., and Tez Elevators Pvt. Ltd.
North America was the largest region in the shaftless home elevator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in shaftless home elevator report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the shaftless home elevator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The shaftless home elevator market consists of revenues earned by entities by providing services such as maintenance and repair services, annual service contracts, design and aesthetic customization, and structural adaptation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The shaftless home elevator market also includes sales of gearless drive units, geared drive units, steel cabin structures, aluminum cabin structures, and glass cabins. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Shaftless Home Elevator Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on shaftless home elevator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for shaftless home elevator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The shaftless home elevator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.