| Product Code: ETC10422561 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In the Serbia residential elevator market, the import trend experienced a decline with a growth rate of -12.87% from 2023 to 2024. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -10.84%. This downward trend could be attributed to factors such as shifts in consumer demand or potential changes in trade policies impacting the 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 Serbia Residential Elevator Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Residential Elevator Market Revenues & Volume, 2022 & 2032F |
3.3 Serbia Residential Elevator Market - Industry Life Cycle |
3.4 Serbia Residential Elevator Market - Porter's Five Forces |
3.5 Serbia Residential Elevator Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Serbia Residential Elevator Market Revenues & Volume Share, By Drive System, 2022 & 2032F |
3.7 Serbia Residential Elevator Market Revenues & Volume Share, By Installation Type, 2022 & 2032F |
3.8 Serbia Residential Elevator Market Revenues & Volume Share, By End Use, 2022 & 2032F |
4 Serbia Residential Elevator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population density in Serbia leading to higher demand for residential spaces |
4.2.2 Growing aging population in Serbia requiring mobility solutions like residential elevators |
4.2.3 Rising disposable income and improving living standards driving the adoption of luxury amenities in residential buildings |
4.3 Market Restraints |
4.3.1 High initial installation costs of residential elevators limiting market penetration |
4.3.2 Lack of awareness and education among consumers about the benefits of residential elevators |
4.3.3 Limited availability of skilled technicians for installation and maintenance of residential elevators |
5 Serbia Residential Elevator Market Trends |
6 Serbia Residential Elevator Market, By Types |
6.1 Serbia Residential Elevator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Serbia Residential Elevator Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Serbia Residential Elevator Market Revenues & Volume, By Hydraulic, 2022 - 2032F |
6.1.4 Serbia Residential Elevator Market Revenues & Volume, By Traction, 2022 - 2032F |
6.1.5 Serbia Residential Elevator Market Revenues & Volume, By Pneumatic, 2022 - 2032F |
6.2 Serbia Residential Elevator Market, By Drive System |
6.2.1 Overview and Analysis |
6.2.2 Serbia Residential Elevator Market Revenues & Volume, By Electric, 2022 - 2032F |
6.2.3 Serbia Residential Elevator Market Revenues & Volume, By Gearless, 2022 - 2032F |
6.2.4 Serbia Residential Elevator Market Revenues & Volume, By Machine Room-less, 2022 - 2032F |
6.3 Serbia Residential Elevator Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Serbia Residential Elevator Market Revenues & Volume, By New Construction, 2022 - 2032F |
6.3.3 Serbia Residential Elevator Market Revenues & Volume, By Retrofit, 2022 - 2032F |
6.3.4 Serbia Residential Elevator Market Revenues & Volume, By Modular, 2022 - 2032F |
6.4 Serbia Residential Elevator Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Serbia Residential Elevator Market Revenues & Volume, By Single Homes, 2022 - 2032F |
6.4.3 Serbia Residential Elevator Market Revenues & Volume, By Villas, 2022 - 2032F |
6.4.4 Serbia Residential Elevator Market Revenues & Volume, By Apartments, 2022 - 2032F |
7 Serbia Residential Elevator Market Import-Export Trade Statistics |
7.1 Serbia Residential Elevator Market Export to Major Countries |
7.2 Serbia Residential Elevator Market Imports from Major Countries |
8 Serbia Residential Elevator Market Key Performance Indicators |
8.1 Average installation time for residential elevators |
8.2 Number of residential elevator installations in newly constructed buildings |
8.3 Percentage increase in demand for residential elevators year-over-year |
9 Serbia Residential Elevator Market - Opportunity Assessment |
9.1 Serbia Residential Elevator Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Serbia Residential Elevator Market Opportunity Assessment, By Drive System, 2022 & 2032F |
9.3 Serbia Residential Elevator Market Opportunity Assessment, By Installation Type, 2022 & 2032F |
9.4 Serbia Residential Elevator Market Opportunity Assessment, By End Use, 2022 & 2032F |
10 Serbia Residential Elevator Market - Competitive Landscape |
10.1 Serbia Residential Elevator Market Revenue Share, By Companies, 2025 |
10.2 Serbia 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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