| Product Code: ETC10422466 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The residential elevator import market in Belgium saw a shift in concentration levels from moderate to high in 2024, with top exporting countries being Netherlands, Germany, Slovakia, Italy, and Finland. Despite a challenging CAGR of -13.28% from 2020 to 2024, the market experienced a significant decline in growth rate in 2024 with a -24.58% decrease compared to the previous year. This indicates a potential need for market players to adapt strategies to navigate the changing landscape and potentially explore new opportunities for growth in the Belgian market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Residential Elevator Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Residential Elevator Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Residential Elevator Market - Industry Life Cycle |
3.4 Belgium Residential Elevator Market - Porter's Five Forces |
3.5 Belgium Residential Elevator Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Residential Elevator Market Revenues & Volume Share, By Drive System, 2021 & 2031F |
3.7 Belgium Residential Elevator Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Belgium Residential Elevator Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Belgium Residential Elevator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart home technologies leading to demand for residential elevators |
4.2.2 Aging population in Belgium requiring accessibility solutions in homes |
4.2.3 Growing trend of urbanization and high-rise buildings boosting the need for residential elevators |
4.3 Market Restraints |
4.3.1 High initial installation and maintenance costs associated with residential elevators |
4.3.2 Limited space in existing residential buildings hindering retrofitting of elevators |
4.3.3 Stringent regulations and safety standards impacting market entry for new players |
5 Belgium Residential Elevator Market Trends |
6 Belgium Residential Elevator Market, By Types |
6.1 Belgium Residential Elevator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Residential Elevator Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Belgium Residential Elevator Market Revenues & Volume, By Hydraulic, 2021 - 2031F |
6.1.4 Belgium Residential Elevator Market Revenues & Volume, By Traction, 2021 - 2031F |
6.1.5 Belgium Residential Elevator Market Revenues & Volume, By Pneumatic, 2021 - 2031F |
6.2 Belgium Residential Elevator Market, By Drive System |
6.2.1 Overview and Analysis |
6.2.2 Belgium Residential Elevator Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.3 Belgium Residential Elevator Market Revenues & Volume, By Gearless, 2021 - 2031F |
6.2.4 Belgium Residential Elevator Market Revenues & Volume, By Machine Room-less, 2021 - 2031F |
6.3 Belgium Residential Elevator Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Belgium Residential Elevator Market Revenues & Volume, By New Construction, 2021 - 2031F |
6.3.3 Belgium Residential Elevator Market Revenues & Volume, By Retrofit, 2021 - 2031F |
6.3.4 Belgium Residential Elevator Market Revenues & Volume, By Modular, 2021 - 2031F |
6.4 Belgium Residential Elevator Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Belgium Residential Elevator Market Revenues & Volume, By Single Homes, 2021 - 2031F |
6.4.3 Belgium Residential Elevator Market Revenues & Volume, By Villas, 2021 - 2031F |
6.4.4 Belgium Residential Elevator Market Revenues & Volume, By Apartments, 2021 - 2031F |
7 Belgium Residential Elevator Market Import-Export Trade Statistics |
7.1 Belgium Residential Elevator Market Export to Major Countries |
7.2 Belgium Residential Elevator Market Imports from Major Countries |
8 Belgium Residential Elevator Market Key Performance Indicators |
8.1 Average number of elevator installations per year |
8.2 Average age of residential buildings in Belgium |
8.3 Percentage of new residential constructions incorporating elevator infrastructure |
8.4 Average waiting time for elevator installation and servicing |
8.5 Number of elevator maintenance contracts renewed annually |
9 Belgium Residential Elevator Market - Opportunity Assessment |
9.1 Belgium Residential Elevator Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Residential Elevator Market Opportunity Assessment, By Drive System, 2021 & 2031F |
9.3 Belgium Residential Elevator Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Belgium Residential Elevator Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Belgium Residential Elevator Market - Competitive Landscape |
10.1 Belgium Residential Elevator Market Revenue Share, By Companies, 2024 |
10.2 Belgium Residential Elevator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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