The Shaftless Home Elevator Market was valued at USD 2.23 billion in 2024 and is projected to reach USD 3.84 billion by 2030, growing at a CAGR of 9.34% during the forecast period. This market encompasses compact, residential vertical transportation systems that do not require a traditional elevator shaft, making them ideal for retrofitting into existing homes or integrating into new builds with minimal structural modification. Designed primarily for enhancing accessibility, convenience, and luxury in multi-level homes, these elevators appeal particularly to aging populations and individuals with mobility challenges. With increasing adoption across urban and suburban households, shaftless elevators are also gaining momentum due to advancements in compact design, energy-efficient operation, and smart home integration. The growing emphasis on aging in place and barrier-free living environments continues to reinforce demand, positioning shaftless home elevators as a key component of modern home mobility solutions.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 2.23 Billion
Market Size 2030	USD 3.84 Billion
CAGR 2025-2030	9.34%
Fastest Growing Segment	Traction Shaftless Elevators
Largest Market	North America

Key Market Drivers

Growing Demand for Accessibility Solutions

The surge in demand for accessible living arrangements, particularly among the aging population, is a significant driver for shaftless home elevators. As mobility concerns rise with age, many homeowners seek solutions that allow them to navigate multi-story residences safely and comfortably. Shaftless elevators provide a compact and user-friendly solution, eliminating the need for extensive renovations. With projections showing the global elderly population reaching 2.1 billion by 2050, the adoption of home elevators is expected to grow substantially. This demographic shift is encouraging homeowners to invest in future-proofing their residences, further fueling market expansion.

Key Market Challenges

High Initial Installation and Maintenance Costs

The adoption of shaftless home elevators is hindered by high initial costs and ongoing maintenance expenses. Installation typically ranges from USD 15,000 to USD 30,000, with premium models exceeding USD 50,000 depending on size, design, and technology. These costs can be a barrier, particularly in emerging markets or among middle-income homeowners. In addition, annual maintenance-covering hydraulic systems, safety features, and control panels-can range between USD 300 and USD 600. Complex or high-tech elevators may incur even greater servicing costs, increasing the total cost of ownership and limiting market accessibility for price-sensitive consumers.

Key Market Trends

Increased Adoption of Smart and Automated Systems

Smart technology integration is rapidly becoming a prominent trend in the shaftless home elevator space. Modern elevators are increasingly equipped with advanced control systems, including touch-screen interfaces, mobile app connectivity, and voice command integration through platforms like Amazon Alexa or Google Assistant. These innovations enhance user experience, particularly for elderly users or individuals with disabilities. Additionally, real-time diagnostics and predictive maintenance features are improving safety and reliability. The integration of smart technologies not only boosts convenience but also aligns with the rising trend of connected homes, making shaftless elevators a natural fit within smart living ecosystems.

Key Market Players

Savaria Corporation
Terry Group Ltd
Thyssenkrupp Elevator
Stiltz Limited
Pneumatic Vacuum Elevators LLC
Schindler Group
KONE Corporation
Aritco
National Elevators
Arrow Lift

Report Scope

In this report, the Global Shaftless Home Elevator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Shaftless Home Elevator Market, By Product Type:

Hydraulic Shaftless Elevators
Traction Shaftless Elevators
Vacuum Shaftless Elevators

Shaftless Home Elevator Market, By Application:

Residential
Commercial

Shaftless Home Elevator Market, By End-User:

Homeowners
Builders/Contractors

Shaftless Home Elevator Market, By Technology:

Manual Control
Automated Control

Shaftless Home Elevator Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Shaftless Home Elevator Market.

Available Customizations

Global Shaftless Home Elevator Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Shaftless Home Elevator Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product Type (Hydraulic Shaftless Elevators, Traction Shaftless Elevators, Vacuum Shaftless Elevators),
- 5.2.2. By Application (Residential, Commercial),
- 5.2.3. By End-User (Homeowners, Builders/Contractors)
- 5.2.4. By Technology (Manual Control, Automated Control)
- 5.2.5. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Shaftless Home Elevator Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
- 6.2.3. By End-User
- 6.2.4. By Technology
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Shaftless Home Elevator Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product Type
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By End-User
    - 6.3.1.2.4. By Technology
- 6.3.2. Canada Shaftless Home Elevator Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product Type
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By End-User
    - 6.3.2.2.4. By Technology
- 6.3.3. Mexico Shaftless Home Elevator Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Product Type
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By End-User
    - 6.3.3.2.4. By Technology

7. Europe Shaftless Home Elevator Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
- 7.2.3. By End-User
- 7.2.4. By Technology
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Shaftless Home Elevator Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product Type
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By End-User
    - 7.3.1.2.4. By Technology
- 7.3.2. United Kingdom Shaftless Home Elevator Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product Type
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By End-User
    - 7.3.2.2.4. By Technology
- 7.3.3. Italy Shaftless Home Elevator Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product Type
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By End-User
    - 7.3.3.2.4. By Technology
- 7.3.4. France Shaftless Home Elevator Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Product Type
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By End-User
    - 7.3.4.2.4. By Technology
- 7.3.5. Spain Shaftless Home Elevator Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Product Type
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By End-User
    - 7.3.5.2.4. By Technology

8. Asia-Pacific Shaftless Home Elevator Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
- 8.2.3. By End-User
- 8.2.4. By Technology
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Shaftless Home Elevator Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product Type
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By End-User
    - 8.3.1.2.4. By Technology
- 8.3.2. India Shaftless Home Elevator Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product Type
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By End-User
    - 8.3.2.2.4. By Technology
- 8.3.3. Japan Shaftless Home Elevator Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product Type
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By End-User
    - 8.3.3.2.4. By Technology
- 8.3.4. South Korea Shaftless Home Elevator Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Product Type
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By End-User
    - 8.3.4.2.4. By Technology
- 8.3.5. Australia Shaftless Home Elevator Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Product Type
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By End-User
    - 8.3.5.2.4. By Technology

9. South America Shaftless Home Elevator Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Application
- 9.2.3. By End-User
- 9.2.4. By Technology
- 9.2.5. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Shaftless Home Elevator Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product Type
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By End-User
    - 9.3.1.2.4. By Technology
- 9.3.2. Argentina Shaftless Home Elevator Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product Type
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By End-User
    - 9.3.2.2.4. By Technology
- 9.3.3. Colombia Shaftless Home Elevator Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product Type
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By End-User
    - 9.3.3.2.4. By Technology

10. Middle East and Africa Shaftless Home Elevator Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Application
- 10.2.3. By End-User
- 10.2.4. By Technology
- 10.2.5. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Shaftless Home Elevator Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Product Type
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By End-User
    - 10.3.1.2.4. By Technology
- 10.3.2. Saudi Arabia Shaftless Home Elevator Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Product Type
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By End-User
    - 10.3.2.2.4. By Technology
- 10.3.3. UAE Shaftless Home Elevator Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Product Type
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By End-User
    - 10.3.3.2.4. By Technology
- 10.3.4. Kuwait Shaftless Home Elevator Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Product Type
    - 10.3.4.2.2. By Application
    - 10.3.4.2.3. By End-User
    - 10.3.4.2.4. By Technology
- 10.3.5. Turkey Shaftless Home Elevator Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Product Type
    - 10.3.5.2.2. By Application
    - 10.3.5.2.3. By End-User
    - 10.3.5.2.4. By Technology

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Savaria Corporation
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Terry Group Ltd
13.3. Thyssenkrupp Elevator
13.4. Stiltz Limited
13.5. Pneumatic Vacuum Elevators LLC
13.6. Schindler Group
13.7. KONE Corporation
13.8. Aritco
13.9. National Elevators
13.10. Arrow Lift