Yahoo · Jul 31, 2026
Residential Elevators Market by Elevator Technology, Service, and Region - Global Forecast to 2031
The global residential elevators market is projected to grow from USD 51.8 billion in 2026 to USD 58.6 billion by 2031, at a 2.5% CAGR. Growth is driven by aging populations, demand for home accessibility, energy-efficient buildings, smart cities, and infrastructure investment. Machine-room-less elevators, maintenance and repair services, and North America are expected to be the second-largest segments. The report profiles leading companies, including Otis, Schindler, KONE, Hitachi, Hyundai Elev

