The Residential Elevator market is a subset of the Elevators and Escalators industry. Residential elevators are designed to provide convenient access to multiple floors in a home, and are typically installed in new construction or during a remodel. They are typically smaller than commercial elevators, and are available in a variety of styles and finishes to match the home’s decor. Residential elevators are typically powered by either a hydraulic or traction drive system, and are available with a range of safety features. The Residential Elevator market is growing as more homeowners seek to add convenience and accessibility to their homes. This growth is driven by an aging population, as well as an increased focus on accessibility for people with disabilities. Some companies in the Residential Elevator market include ThyssenKrupp, KONE, Schindler, Otis, and Savaria. Show Less Read more
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