

The global Elevator and Elevator Control market size was valued at US$ million in 2023. With growing demand in downstream market, the Elevator and Elevator Control is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Elevator and Elevator Control market. Elevator and Elevator Control are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Elevator and Elevator Control. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Elevator and Elevator Control market.
An elevator (US and Canada) or lift (UK, Australia, Ireland, New Zealand, India, South Africa, Nigeria) is a type of vertical transportation that moves people or goods between floors (levels, decks) of a building, vessel, or other structure.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
Key Features:
The report on Elevator and Elevator Control market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Elevator and Elevator Control market. It may include historical data, market segmentation by Type (e.g., Elevator, Elevator Control), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Elevator and Elevator Control market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Elevator and Elevator Control market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Elevator and Elevator Control industry. This include advancements in Elevator and Elevator Control technology, Elevator and Elevator Control new entrants, Elevator and Elevator Control new investment, and other innovations that are shaping the future of Elevator and Elevator Control.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Elevator and Elevator Control market. It includes factors influencing customer ' purchasing decisions, preferences for Elevator and Elevator Control product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Elevator and Elevator Control market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Elevator and Elevator Control market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Elevator and Elevator Control market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Elevator and Elevator Control industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Elevator and Elevator Control market.
Market Segmentation:
Elevator and Elevator Control market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Elevator
Elevator Control
Segmentation by application
Residential
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Thyssenkrupp
OTIS Elevator
Kone
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems
Mitsubishi Electric
Thames Valley Controls
Motion Control Engineering
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Elevator and Elevator Control Market Size 2019-2030
2.1.2 Elevator and Elevator Control Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Elevator and Elevator Control Segment by Type
2.2.1 Elevator
2.2.2 Elevator Control
2.3 Elevator and Elevator Control Market Size by Type
2.3.1 Elevator and Elevator Control Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Elevator and Elevator Control Market Size Market Share by Type (2019-2024)
2.4 Elevator and Elevator Control Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.5 Elevator and Elevator Control Market Size by Application
2.5.1 Elevator and Elevator Control Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Elevator and Elevator Control Market Size Market Share by Application (2019-2024)
3 Elevator and Elevator Control Market Size by Player
3.1 Elevator and Elevator Control Market Size Market Share by Players
3.1.1 Global Elevator and Elevator Control Revenue by Players (2019-2024)
3.1.2 Global Elevator and Elevator Control Revenue Market Share by Players (2019-2024)
3.2 Global Elevator and Elevator Control Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Elevator and Elevator Control by Regions
4.1 Elevator and Elevator Control Market Size by Regions (2019-2024)
4.2 Americas Elevator and Elevator Control Market Size Growth (2019-2024)
4.3 APAC Elevator and Elevator Control Market Size Growth (2019-2024)
4.4 Europe Elevator and Elevator Control Market Size Growth (2019-2024)
4.5 Middle East & Africa Elevator and Elevator Control Market Size Growth (2019-2024)
5 Americas
5.1 Americas Elevator and Elevator Control Market Size by Country (2019-2024)
5.2 Americas Elevator and Elevator Control Market Size by Type (2019-2024)
5.3 Americas Elevator and Elevator Control Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator and Elevator Control Market Size by Region (2019-2024)
6.2 APAC Elevator and Elevator Control Market Size by Type (2019-2024)
6.3 APAC Elevator and Elevator Control Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Elevator and Elevator Control by Country (2019-2024)
7.2 Europe Elevator and Elevator Control Market Size by Type (2019-2024)
7.3 Europe Elevator and Elevator Control Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Elevator and Elevator Control by Region (2019-2024)
8.2 Middle East & Africa Elevator and Elevator Control Market Size by Type (2019-2024)
8.3 Middle East & Africa Elevator and Elevator Control Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Elevator and Elevator Control Market Forecast
10.1 Global Elevator and Elevator Control Forecast by Regions (2025-2030)
10.1.1 Global Elevator and Elevator Control Forecast by Regions (2025-2030)
10.1.2 Americas Elevator and Elevator Control Forecast
10.1.3 APAC Elevator and Elevator Control Forecast
10.1.4 Europe Elevator and Elevator Control Forecast
10.1.5 Middle East & Africa Elevator and Elevator Control Forecast
10.2 Americas Elevator and Elevator Control Forecast by Country (2025-2030)
10.2.1 United States Elevator and Elevator Control Market Forecast
10.2.2 Canada Elevator and Elevator Control Market Forecast
10.2.3 Mexico Elevator and Elevator Control Market Forecast
10.2.4 Brazil Elevator and Elevator Control Market Forecast
10.3 APAC Elevator and Elevator Control Forecast by Region (2025-2030)
10.3.1 China Elevator and Elevator Control Market Forecast
10.3.2 Japan Elevator and Elevator Control Market Forecast
10.3.3 Korea Elevator and Elevator Control Market Forecast
10.3.4 Southeast Asia Elevator and Elevator Control Market Forecast
10.3.5 India Elevator and Elevator Control Market Forecast
10.3.6 Australia Elevator and Elevator Control Market Forecast
10.4 Europe Elevator and Elevator Control Forecast by Country (2025-2030)
10.4.1 Germany Elevator and Elevator Control Market Forecast
10.4.2 France Elevator and Elevator Control Market Forecast
10.4.3 UK Elevator and Elevator Control Market Forecast
10.4.4 Italy Elevator and Elevator Control Market Forecast
10.4.5 Russia Elevator and Elevator Control Market Forecast
10.5 Middle East & Africa Elevator and Elevator Control Forecast by Region (2025-2030)
10.5.1 Egypt Elevator and Elevator Control Market Forecast
10.5.2 South Africa Elevator and Elevator Control Market Forecast
10.5.3 Israel Elevator and Elevator Control Market Forecast
10.5.4 Turkey Elevator and Elevator Control Market Forecast
10.5.5 GCC Countries Elevator and Elevator Control Market Forecast
10.6 Global Elevator and Elevator Control Forecast by Type (2025-2030)
10.7 Global Elevator and Elevator Control Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Thyssenkrupp
11.1.1 Thyssenkrupp Company Information
11.1.2 Thyssenkrupp Elevator and Elevator Control Product Offered
11.1.3 Thyssenkrupp Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Thyssenkrupp Main Business Overview
11.1.5 Thyssenkrupp Latest Developments
11.2 OTIS Elevator
11.2.1 OTIS Elevator Company Information
11.2.2 OTIS Elevator Elevator and Elevator Control Product Offered
11.2.3 OTIS Elevator Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 OTIS Elevator Main Business Overview
11.2.5 OTIS Elevator Latest Developments
11.3 Kone
11.3.1 Kone Company Information
11.3.2 Kone Elevator and Elevator Control Product Offered
11.3.3 Kone Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Kone Main Business Overview
11.3.5 Kone Latest Developments
11.4 Schindler Group
11.4.1 Schindler Group Company Information
11.4.2 Schindler Group Elevator and Elevator Control Product Offered
11.4.3 Schindler Group Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Schindler Group Main Business Overview
11.4.5 Schindler Group Latest Developments
11.5 Hitachi
11.5.1 Hitachi Company Information
11.5.2 Hitachi Elevator and Elevator Control Product Offered
11.5.3 Hitachi Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Hitachi Main Business Overview
11.5.5 Hitachi Latest Developments
11.6 Hyundai Elevator
11.6.1 Hyundai Elevator Company Information
11.6.2 Hyundai Elevator Elevator and Elevator Control Product Offered
11.6.3 Hyundai Elevator Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Hyundai Elevator Main Business Overview
11.6.5 Hyundai Elevator Latest Developments
11.7 Toshiba Elevators and Building Systems
11.7.1 Toshiba Elevators and Building Systems Company Information
11.7.2 Toshiba Elevators and Building Systems Elevator and Elevator Control Product Offered
11.7.3 Toshiba Elevators and Building Systems Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Toshiba Elevators and Building Systems Main Business Overview
11.7.5 Toshiba Elevators and Building Systems Latest Developments
11.8 Mitsubishi Electric
11.8.1 Mitsubishi Electric Company Information
11.8.2 Mitsubishi Electric Elevator and Elevator Control Product Offered
11.8.3 Mitsubishi Electric Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Mitsubishi Electric Main Business Overview
11.8.5 Mitsubishi Electric Latest Developments
11.9 Thames Valley Controls
11.9.1 Thames Valley Controls Company Information
11.9.2 Thames Valley Controls Elevator and Elevator Control Product Offered
11.9.3 Thames Valley Controls Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Thames Valley Controls Main Business Overview
11.9.5 Thames Valley Controls Latest Developments
11.10 Motion Control Engineering
11.10.1 Motion Control Engineering Company Information
11.10.2 Motion Control Engineering Elevator and Elevator Control Product Offered
11.10.3 Motion Control Engineering Elevator and Elevator Control Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Motion Control Engineering Main Business Overview
11.10.5 Motion Control Engineering Latest Developments
12 Research Findings and Conclusion
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*If Applicable.