According to Cognitive Market Research, the global Travel lifts market size will be USD 812.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 325.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 243.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 186.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 40.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 16.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.
The remotely controlled held the highest Travel lifts market revenue share in 2024.
