According to a recent report from Zion Market Research, the global dumbwaiter lift market is expected to see a fast growth rate through 2024.
Dumbwaiters are small freight elevators or lifts that carry objects from one level to another in a multilevel building. While they are typically used in commercial establishments, many homes now have dumbwaiters that carry groceries from the garage to the kitchen and laundry or firewood to an upper floor. The key factors driving the growth of the market for these devices include:
- Combination of different technologies developed through innovation
- Growing lift industry
- Increasing demand for the configuration of the lift for commercial as well as residential purposes
- Advanced capabilities and features: fire resistant, durability, and power-saving
The report also discusses the factors that will restrain the growth of the dumbwaiter lift market, which include the use of substitute machines such as the geared machines, implementation of strict government regulations, and growing quality standards.
The report divides the market into product type, material type, door type, and application. While product types include window and floor models, material type is categorized into stainless steel, powder coated steel, baked enamel coatings, and others. Door type includes bi-parting, slide-up, collapsible gate, swing, and others. End users of dumbwaiters include restaurants, homes, manufacturing facilities, retail stores, hotels, hospitals, financial institutions, and others. Based on region, North America leads the market, followed by some European countries. The factors contributing to North America’s market growth include growing consumer awareness, high utilization of the dumbwaiter lifts in different applications, presence of prominent market players, and increasing advancements in the research and development coupled with the increasing production facilities.
The Asia Pacific market for this product is growing at a fast pace owing to factors such as rapid rate of urbanization, improvements in the standard of living, increase in the per capita spending, increasing demand for optimization along with space utilization, and the budding collaboration with private enterprises and government bodies.
The key manufacturers listed in the report include Powerlift Dumbwaiters, Inc., Waupaca Elevator Company Inc., Blue Star Elevators Ltd., Complete Lifts Ltd., New Fuji Elevators Company, ESCON Elevators Pvt. Ltd., Otis Elevator Company, KDP Elevators Private Limited, and Kafka Manufacturing Co.