Shaftless Home Elevator Market Report 2026

The shaftless home elevator market size has grown strongly in recent years. It will grow from $1.53 billion in 2025 to $1.66 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to aging population growth, home accessibility needs, luxury home upgrades, urban housing constraints, residential safety requirements.

The shaftless home elevator market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to smart home adoption, growth of multistory homes, elderly care infrastructure expansion, rising disposable incomes, demand for minimal construction solutions. Major trends in the forecast period include rising demand for aging in place solutions, growth of retrofit elevator installations, compact and space saving lift designs, integration of smart home controls, energy efficient residential elevators.

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% 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 companies operating in the shaftless home elevator market are Savaria Corporation, Stiltz Home Lifts Ltd., Cibes Lift AB, Pneumatic Vacuum Elevators, Vacuum Elevators Inc., Nova Vacuum Elevators, Gartec Home Lifts Ltd., Terry Lifts Pvt. Ltd., Vimec S.p.A., Daze Elevator Pvt. Ltd., Nibav Home Elevators India Pvt. Ltd., Arrow Lift Ltd., Stag Elevators Ltd., Elite Elevators Limited, SWIFT Lifts Ltd., VKS Fuji Elevator Co. Ltd., Essaar Elevator India Pvt. Ltd., Fujitec Co. Ltd., Otis, KONE, Schindler, Thyssenkrupp Elevator, Mitsubishi Electric.

North America was the largest region in the shaftless home elevator market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shaftless home elevator market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shaftless home elevator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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 that 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.

This product will be delivered within 1-3 business days.