Five Chinese Companies Lead Home Elevator Market Growth

CALIFORNIA, CA, UNITED STATES, September 29, 2026 /CourierPR/ -- An Overview of Home Elevator Manufacturing, Design and Residential Applications

Zhejiang, China, September 30, 2026, China’s home elevator industry is expanding its role in residential vertical mobility as private villas, multi-floor homes and renovation projects increasingly require compact, customizable and space-conscious lift solutions. Against this backdrop, five Chinese companies with activities across the home elevator and residential vertical-mobility sector, Zhejiang Homeway Elevator Co., Ltd., Suzhou Franz Intelligent Elevator Co., Ltd., Hangzhou Creatman Elevator Co., Ltd., Jinan Yongli Lifting Machinery Co., Ltd., and Delfer Elevator Co., Ltd., are featured in this industry overview.

The development comes as China’s revised home lift standard, GB/T 21739-2025, entered into force on March 1, 2026. The standard provides an updated technical and safety framework specifically for the construction and installation of home lifts, creating a more defined reference for manufacturers and suppliers serving private residential applications.

GB/T 21739-2025, titled Safety rules for the construction and installation of home lifts, was issued on August 29, 2025 and took effect on March 1, 2026, replacing GB/T 21739-2008. The standard is currently listed as an active national standard by China’s State Administration for Market Regulation and the National Standardization Administration.

For the residential elevator industry, the updated framework places greater importance on technical coordination before installation. Shaft dimensions, pit requirements, headroom, power supply, installation environment, safety functions and other project parameters need to be considered as part of the overall home lift configuration.

This is particularly relevant to residential projects where available construction space is limited. Product categories such as Low-pit Home Elevator, Compact Home Elevator, Small Shaft Home Elevator and shaft-free or self-supporting residential systems are increasingly associated with renovation and private-home applications where conventional elevator construction may require additional civil work.

Residential Mobility Market Continues to Develop

Commercial market research also points to continued activity in the global residential vertical-mobility sector. Future Market Insights estimates the global home elevator market at USD 3.8 billion in 2026 and projects it to reach USD 6.5 billion by 2036, representing a 5.5% CAGR during the forecast period. Its market definition includes traction, hydraulic, pneumatic vacuum, shaft-free systems and residential platform lifts.

Fortune Business Insights uses a broader residential elevator market definition and estimates the market at USD 65.14 billion in 2024, with a projection of USD 118.67 billion by 2032. Its segmentation includes traction with machine room, machine-room-less traction and hydraulic elevators, as well as new installation, maintenance and modernization.

Because the two research organizations apply different market definitions, the figures should be viewed as separate industry references rather than combined into a single market estimate.

Five Chinese Manufacturers Serving Residential Elevator Applications

1. Zhejiang Homeway Elevator Co., Ltd.

Zhejiang Homeway Elevator Co., Ltd., headquartered in Ningbo, Zhejiang Province, integrates R&D, design, manufacturing, sales and service for residential elevator applications. The company positions its business around customized household elevators, particularly for villas and private residences where space utilization, architectural integration, ride comfort and appearance are important considerations.

Homeway’s public product portfolio covers enclosed elevators, steel-shaft systems, panoramic elevators, duplex configurations and sightseeing-oriented residential designs. Its portfolio includes the Homeway-1000 Series, HomeWay-2000 Series, Homeway-3000 Series, Homeway-3000M and Homeway-5000M Series, Homeway-6000 Series, Homeway-8000 Series and Homeway-9000 Series. The range gives the company a broad product base for Villa Home Elevator, Panoramic Home Elevator, Duplex Home Elevator and Glass Cabin Home Elevator applications.

A notable part of the portfolio is the company’s panoramic elevator development. Homeway describes its 270-degree panoramic elevator range as covering specifications from approximately 830 × 900 mm to 1600 × 1800 mm, while its 9000 Series uses curved tempered glass to provide a 360-degree panoramic view. The company also presents villa elevators for multi-story villas, penthouses and family residences, with customized cabin finishes and space-saving configurations.

The company’s technical positioning centers on traction steel-belt systems rather than conventional hydraulic drive for its documented residential series. Homeway describes steel-belt traction technology as part of its space-saving and smooth-running elevator architecture, making Traction Belt Home Elevator a relevant product description for its residential portfolio. The company also promotes customized cabin finishes, intelligent control systems and personalized safety configurations as part of its Customized Home Elevator offering.

Published product information for the HomeWay-2000 Series specifies rated loads of approximately 250-630 kg, rated speeds of 0.3-0.63 m/s, two to six floors and stops, and shaft dimensions ranging from approximately 830 × 900 mm to 1800 × 1800 mm. The documented pit-depth range begins at 60 mm, supporting the company’s positioning around shallow-pit and space-efficient residential installations. Homeway’s current website also promotes a minimum footprint of approximately 0.