Residential Elevators Growing Market

Residential Elevators Growing Market

Since founded in 2002, Residential  Elevators by PVE has witnessed first-hand the residential elevator industries steady growth year-to-year as more and more baby boomers are pursuing alternative means to “age-in-place”.

Currently, there are over 75 Million Baby Boomers in the US alone, nearly a quarter of the total U.S. Population, with 80% of them owning homes. Collectively, Baby Boomers control roughly 70% of all disposable income in the US and are projected to inherit roughly $15 Trillion over the next 20 years.*

According to the National Conference of State Legislatures and the AARP Public Policy Institute, adults overwhelmingly prefer the option of aging in place as an alternative to institutional care with nearly 80% of adults age 65 and older wanting to remain in their current residents as long as possible.

With more residents wishing to “age-in-place”, Pneumatic Vacuum Elevators are the most stress free and cost effective solution for any homeowner. With minimal pre-construction requirements and small footprint, the Vacuum Elevator will accommodate almost any home and can be installed in as little as 1-3 days. PVE currently manufactures three models of the Vacuum Elevator, ranging from a single passenger to a three-passenger wheelchair accessible model, and can travel up to 5 stops or 50 feet of total rise. Not to mention, these Vacuum Elevators are fully certified by the American Society of Mechanical Engineers and have a flawless safety record in over 80 countries worldwide.

Comparatively, traditional home elevators require months of construction, causing home owners to make significant structural changes to their residence. In addition, traditional elevators operate using harmful oils and lubricants which require yearly maintenance and can be costly over time.

Fortunately, Vacuum Elevators easily rest on the ground floor and don’t require any additional shaft, pit or machine room to operate. These self-supporting vacuum elevators require no yearly maintenance, and are only recommended servicing after 15,000 lifts of operation. Plus, they are environmentally friendly, requiring no oils or lubricants to operate making them one of the most energy efficient elevators in the world.

For any resident who wishes to “age-in-place”, Pneumatic Vacuum Elevators are their most economical, eco-friendly choice for their home.

*Forbes Magazine

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