U.S. Shaftless Home Elevators Market: by Elevator Type; Shape Type; Capacity; Technology; End Users; Distribution Channel - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2025-2033

The U.S. shaftless home elevators market is on a consistent growth path, driven by aging demographics, increased residential renovation activity, and a growing preference for accessible yet visually refined in-home mobility solutions. In 2024, the market was valued at US$ 126.84 million and is forecast to reach US$ 152.12 million by 2033, expanding at a CAGR of 2.04% between 2025 and 2033. Shaftless home elevators have become central to the “aging in place” trend, increasingly perceived not only as accessibility tools but also as premium home enhancements - especially among older homeowners with strong equity positions and long-term residency plans.

Unlike conventional residential elevators, shaftless designs eliminate the need for pits and hoistways, enabling quicker installation timelines and lower structural disruption. This design advantage significantly broadens retrofit feasibility across existing housing stock. With offerings ranging from entry-level systems around US$ 20,000 to high-end configurations exceeding US$ 80,000, the market addresses a wide spectrum of consumers. Manufacturers are reinforcing this momentum through innovations such as intelligent safety sensors, space-efficient footprints, and seamless smart home integration, effectively repositioning shaftless elevators as design-forward, technology-driven solutions rather than purely assistive devices.

Noteworthy Market Developments:

Product diversification and rapid technological refinement are defining the current landscape of the U.S. shaftless home elevators market. Modern systems now support capacities ranging from 350 lbs. to more than 1,400 lbs., with traction-based mechanisms, panoramic cabins, and customizable interior finishes becoming increasingly prevalent. Companies such as Savaria, Stiltz, and Cibes Lift have introduced models featuring “vanishing” architectures, environmentally efficient drive technologies, and intelligent control systems, enhancing appeal among design-conscious homeowners.

The market is also entering an active consolidation phase. In 2025, Cibes Lift Group acquired Country Home Elevator, while Savaria completed the acquisition of Western Elevator - moves that reflect a maturing competitive environment. These transactions are strengthening national distribution networks and enabling deeper penetration into underserved regional markets. At the same time, private equity participation is rising, with capital inflows directed toward scaling manufacturers and installer platforms to meet expanding nationwide demand.

Core Growth Drivers:

The aging population remains the primary structural driver of market expansion. As of 2024, more than 61 million U.S. residents were aged 65 or older, with all Baby Boomers expected to cross this threshold by 2030. This demographic transition is generating sustained demand for discreet, safe, and space-efficient in-home mobility solutions. Shaftless elevators, some requiring as little as 7 square feet of floor space, offer an ideal retrofit option that aligns with seniors’ desire to remain in their homes rather than relocate.

Parallel to this demographic shift, robust activity in the U.S. housing and renovation sectors is reinforcing demand. With the median home price reaching US$ 422,800 in May 2025, homeowners are increasingly leveraging accumulated equity to fund major upgrades. Renovation spending is projected to exceed US$ 477 billion in Q3 2025 alone. Within this context, shaftless elevators are gaining recognition as investments comparable in cost to kitchen or bathroom remodels, but with significantly higher long-term functional and lifestyle value - particularly for multi-generational households.

Emerging Technology Trends:

Technological innovation is redefining performance and user expectations in the U.S. shaftless home elevators market. Traction-based drive systems have emerged as the dominant technology for new installations, favored for their energy efficiency, smooth ride quality, and machine-room-less configurations. Regenerative drives are increasingly positioned as premium features, capturing energy during descent to lower overall power consumption and enhance sustainability.

Pneumatic vacuum technology is also gaining momentum, particularly in round elevator designs. These systems offer oil-free operation, minimal installation requirements, and strong visual appeal. In parallel, smart home integration is accelerating, with features such as app-enabled controls, voice activation, and remote diagnostics becoming standard in higher-end models. Customization continues to be a major differentiator, as homeowners increasingly select curved glass panels, architectural finishes, and discreet layouts that blend functionality with interior design.

Barriers to Optimization:

Despite favorable growth fundamentals, several constraints continue to limit market acceleration. Upfront installation costs - typically ranging from US$ 20,000 to US$ 80,000 - remain prohibitive for some middle-income households, even as financing options expand. Regulatory fragmentation, including varying building codes and permitting requirements across states and municipalities, can extend installation timelines and complicate market entry in certain regions.

Competition from lower-cost mobility alternatives such as stairlifts and platform lifts also persists, particularly among price-sensitive consumers. To address this, manufacturers must continue emphasizing the long-term usability, safety advantages, and superior aesthetics of shaftless elevators. Additionally, shortages in skilled installation labor may create short-term capacity constraints, especially in rural and suburban markets experiencing rising demand.

Detailed Market Segmentation:

Market Segment Analysis

By Elevator Type, enclosed shaftless elevators dominate the market with over 87% share. Their closed-cabin construction enhances user safety, aligns with national safety requirements, and integrates smoothly into existing residential layouts. These systems are particularly favored by older homeowners seeking dependable, code-compliant solutions that require minimal structural modification.

By Shape Type, round shaftless elevators account for more than 58% of market share. Their compact footprints, panoramic visibility, and design flexibility make them especially attractive for open-plan homes and premium renovation projects. Pneumatic technology and customizable finishes further strengthen their appeal in luxury segments.

By Capacity, the 340-544 kg (750-1,200 lbs) range represents over 42% of total revenue. This capacity bracket accommodates wheelchair access with caregiver support and meets the needs of multi-generational households, making it the most versatile choice for residential use.

By Technology, traction systems hold more than 41% share due to their quiet operation, high energy efficiency, and reduced maintenance requirements. The elimination of hydraulic fluids and extended service life align traction systems with sustainability and durability expectations in residential environments.

Segment Breakdown:

By Elevator Type

• Enclosed
• Open

By Shape Type

• Round
• Square

By Capacity

• 200-340 kg
• 340-544 kg
• 544-600 kg
• More than 600 kg

By Technology

• Hydraulic
• In Line
• Traction
• Others

By End User

• Residential
• Elderly Care Centres
• Disability Centres
• Others

By Distribution Channel

• Online
• Offline

Geographic Insights:

Demand for shaftless home elevators in the U.S. is concentrated in states with large senior populations and strong housing markets. California, Florida, and Texas together account for more than 25% of the nation’s elderly population, creating sustained regional demand. These states also benefit from favorable installation conditions, high property values, and renovation-friendly climates that support year-round project execution.

Secondary growth is emerging across urban and suburban areas in the Midwest and Northeast, driven by acquisition-led expansion strategies from major brands. The growing preference for aging in place, combined with increasing multi-generational living arrangements, positions these regions for accelerated adoption over the next decade.

Leading Market Participants:

• Cibes Lift
• Evans Elevator Company
• Pollock Lifts USA
• Kone USA
• Stiltz Lift USA
• Otis USA
• SHC Elevators
• Other Prominent Players

Key Strategic Movements Shaping the U.S. Shaftless Home Elevators Market:

1. Deltron Group’s Expansion Strategy (April 2025)

Through a series of eight acquisitions completed by April 2025, Deltron Group has been building a nationwide service and maintenance platform, signaling aggressive consolidation aimed at long-term market leadership.

2. Harmar’s Entry into the UK Market via Pollock Lifts (2024)

The acquisition of Pollock Lifts enabled Harmar to establish immediate operational presence in the UK, combining regional manufacturing capabilities with established distribution channels.

3. Pace Group’s Acquisition-Led Growth

Pace Group has continued to strengthen its regional footprint through targeted takeovers, including Axess2 and Abacus Elevators, enhancing service coverage and localized expertise.

4. Potential Major London-Based Acquisition Under Discussion

Industry sources indicate that Deltron is engaged in advanced negotiations to acquire a large London-based elevator firm, pointing to continued momentum in market consolidation.

5. £4 Billion Allocation for Social Care Infrastructure

Increased government spending on social care is expected to indirectly stimulate demand for in-home mobility solutions by prioritizing accessibility-focused residential upgrades.

6. £37.9 Million Investment in Assistive Technology R&D

Public funding directed toward assistive technology research is accelerating innovation pipelines that intersect with home elevator systems and accessibility solutions.

7. Rising Private Equity Participation

Financial sponsors are increasingly targeting home elevator manufacturers and service providers aligned with aging-in-place property portfolios, reflecting confidence in long-term demand fundamentals.

8. Growing Venture Capital Interest in Assistive Tech Startups

Venture-backed companies such as Elder securing Series B funding highlight broader investor appetite for technologies supporting independent living and residential mobility.

9. Government Support for Accessible Design Innovation

A dedicated £800,000 funding commitment toward accessible product development is encouraging design-led innovation across home mobility and vertical transport solutions.

10. Launch of the National Housing Delivery Fund

The introduction of this fund to support SME homebuilders is expected to drive higher adoption of pre-integrated mobility solutions, including shaftless elevators, in new residential developments.