The global Elevator market size was valued at US$ 38660 million in 2023. With growing demand in downstream market, the Elevator is forecast to a readjusted size of US$ 43070 million by 2030 with a CAGR of 1.6% during review period.
The research report highlights the growth potential of the global Elevator market. Elevator 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. 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 market.
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
The major players in global elevator market include Otis, Schindler, ThyssenKrupp, etc. The top 3 players occupy about 45% shares of the global market. China and Europe are main markets, they occupy about 80% of the global market. Elevator is the main type, with a share about 80%. Residential area is the main application, which holds a share about 60%.
Key Features:
The report on Elevator 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 market. It may include historical data, market segmentation by Type (e.g., Elevator, Escalator), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Elevator 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 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 industry. This include advancements in Elevator technology, Elevator new entrants, Elevator new investment, and other innovations that are shaping the future of Elevator.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Elevator market. It includes factors influencing customer ' purchasing decisions, preferences for Elevator product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Elevator market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Elevator 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 market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Elevator 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 market.
Market Segmentation:
Elevator 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 volume and value.
Segmentation by type
Elevator
Escalator
Moving Walkway
Segmentation by application
Residential Area
Commercial Office
Transportation Hub
Industrial Area
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.
Otis
Kone
Schindler
Mitsubishi Electric
TK Elevator
Hitachi
Toshiba
Hyundai
Hangzhou XiOlift
Fujitec
Yungtay Engineering
Canny Elevator
Volkslift
Guangri Elevator
SJEC
Edunburgh Elevator
IFE Elevators
Meilun Elevator
Suzhou Diao
CNYD
Syney Electric
Dongnan Elevator
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator market?
What factors are driving Elevator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator market opportunities vary by end market size?
How does Elevator break out type, application?
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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 Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Elevator by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Elevator by Country/Region, 2019, 2023 & 2030
2.2 Elevator Segment by Type
2.2.1 Elevator
2.2.2 Escalator
2.2.3 Moving Walkway
2.3 Elevator Sales by Type
2.3.1 Global Elevator Sales Market Share by Type (2019-2024)
2.3.2 Global Elevator Revenue and Market Share by Type (2019-2024)
2.3.3 Global Elevator Sale Price by Type (2019-2024)
2.4 Elevator Segment by Application
2.4.1 Residential Area
2.4.2 Commercial Office
2.4.3 Transportation Hub
2.4.4 Industrial Area
2.5 Elevator Sales by Application
2.5.1 Global Elevator Sale Market Share by Application (2019-2024)
2.5.2 Global Elevator Revenue and Market Share by Application (2019-2024)
2.5.3 Global Elevator Sale Price by Application (2019-2024)
3 Global Elevator by Company
3.1 Global Elevator Breakdown Data by Company
3.1.1 Global Elevator Annual Sales by Company (2019-2024)
3.1.2 Global Elevator Sales Market Share by Company (2019-2024)
3.2 Global Elevator Annual Revenue by Company (2019-2024)
3.2.1 Global Elevator Revenue by Company (2019-2024)
3.2.2 Global Elevator Revenue Market Share by Company (2019-2024)
3.3 Global Elevator Sale Price by Company
3.4 Key Manufacturers Elevator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Elevator Product Location Distribution
3.4.2 Players Elevator Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Elevator by Geographic Region
4.1 World Historic Elevator Market Size by Geographic Region (2019-2024)
4.1.1 Global Elevator Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Elevator Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Elevator Market Size by Country/Region (2019-2024)
4.2.1 Global Elevator Annual Sales by Country/Region (2019-2024)
4.2.2 Global Elevator Annual Revenue by Country/Region (2019-2024)
4.3 Americas Elevator Sales Growth
4.4 APAC Elevator Sales Growth
4.5 Europe Elevator Sales Growth
4.6 Middle East & Africa Elevator Sales Growth
5 Americas
5.1 Americas Elevator Sales by Country
5.1.1 Americas Elevator Sales by Country (2019-2024)
5.1.2 Americas Elevator Revenue by Country (2019-2024)
5.2 Americas Elevator Sales by Type
5.3 Americas Elevator Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator Sales by Region
6.1.1 APAC Elevator Sales by Region (2019-2024)
6.1.2 APAC Elevator Revenue by Region (2019-2024)
6.2 APAC Elevator Sales by Type
6.3 APAC Elevator Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Elevator by Country
7.1.1 Europe Elevator Sales by Country (2019-2024)
7.1.2 Europe Elevator Revenue by Country (2019-2024)
7.2 Europe Elevator Sales by Type
7.3 Europe Elevator Sales by Application
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 by Country
8.1.1 Middle East & Africa Elevator Sales by Country (2019-2024)
8.1.2 Middle East & Africa Elevator Revenue by Country (2019-2024)
8.2 Middle East & Africa Elevator Sales by Type
8.3 Middle East & Africa Elevator Sales by Application
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 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Elevator
10.3 Manufacturing Process Analysis of Elevator
10.4 Industry Chain Structure of Elevator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Elevator Distributors
11.3 Elevator Customer
12 World Forecast Review for Elevator by Geographic Region
12.1 Global Elevator Market Size Forecast by Region
12.1.1 Global Elevator Forecast by Region (2025-2030)
12.1.2 Global Elevator Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Elevator Forecast by Type
12.7 Global Elevator Forecast by Application
13 Key Players Analysis
13.1 Otis
13.1.1 Otis Company Information
13.1.2 Otis Elevator Product Portfolios and Specifications
13.1.3 Otis Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Otis Main Business Overview
13.1.5 Otis Latest Developments
13.2 Kone
13.2.1 Kone Company Information
13.2.2 Kone Elevator Product Portfolios and Specifications
13.2.3 Kone Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Kone Main Business Overview
13.2.5 Kone Latest Developments
13.3 Schindler
13.3.1 Schindler Company Information
13.3.2 Schindler Elevator Product Portfolios and Specifications
13.3.3 Schindler Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Schindler Main Business Overview
13.3.5 Schindler Latest Developments
13.4 Mitsubishi Electric
13.4.1 Mitsubishi Electric Company Information
13.4.2 Mitsubishi Electric Elevator Product Portfolios and Specifications
13.4.3 Mitsubishi Electric Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Mitsubishi Electric Main Business Overview
13.4.5 Mitsubishi Electric Latest Developments
13.5 TK Elevator
13.5.1 TK Elevator Company Information
13.5.2 TK Elevator Elevator Product Portfolios and Specifications
13.5.3 TK Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 TK Elevator Main Business Overview
13.5.5 TK Elevator Latest Developments
13.6 Hitachi
13.6.1 Hitachi Company Information
13.6.2 Hitachi Elevator Product Portfolios and Specifications
13.6.3 Hitachi Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Hitachi Main Business Overview
13.6.5 Hitachi Latest Developments
13.7 Toshiba
13.7.1 Toshiba Company Information
13.7.2 Toshiba Elevator Product Portfolios and Specifications
13.7.3 Toshiba Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Toshiba Main Business Overview
13.7.5 Toshiba Latest Developments
13.8 Hyundai
13.8.1 Hyundai Company Information
13.8.2 Hyundai Elevator Product Portfolios and Specifications
13.8.3 Hyundai Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Hyundai Main Business Overview
13.8.5 Hyundai Latest Developments
13.9 Hangzhou XiOlift
13.9.1 Hangzhou XiOlift Company Information
13.9.2 Hangzhou XiOlift Elevator Product Portfolios and Specifications
13.9.3 Hangzhou XiOlift Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Hangzhou XiOlift Main Business Overview
13.9.5 Hangzhou XiOlift Latest Developments
13.10 Fujitec
13.10.1 Fujitec Company Information
13.10.2 Fujitec Elevator Product Portfolios and Specifications
13.10.3 Fujitec Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Fujitec Main Business Overview
13.10.5 Fujitec Latest Developments
13.11 Yungtay Engineering
13.11.1 Yungtay Engineering Company Information
13.11.2 Yungtay Engineering Elevator Product Portfolios and Specifications
13.11.3 Yungtay Engineering Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Yungtay Engineering Main Business Overview
13.11.5 Yungtay Engineering Latest Developments
13.12 Canny Elevator
13.12.1 Canny Elevator Company Information
13.12.2 Canny Elevator Elevator Product Portfolios and Specifications
13.12.3 Canny Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Canny Elevator Main Business Overview
13.12.5 Canny Elevator Latest Developments
13.13 Volkslift
13.13.1 Volkslift Company Information
13.13.2 Volkslift Elevator Product Portfolios and Specifications
13.13.3 Volkslift Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Volkslift Main Business Overview
13.13.5 Volkslift Latest Developments
13.14 Guangri Elevator
13.14.1 Guangri Elevator Company Information
13.14.2 Guangri Elevator Elevator Product Portfolios and Specifications
13.14.3 Guangri Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Guangri Elevator Main Business Overview
13.14.5 Guangri Elevator Latest Developments
13.15 SJEC
13.15.1 SJEC Company Information
13.15.2 SJEC Elevator Product Portfolios and Specifications
13.15.3 SJEC Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 SJEC Main Business Overview
13.15.5 SJEC Latest Developments
13.16 Edunburgh Elevator
13.16.1 Edunburgh Elevator Company Information
13.16.2 Edunburgh Elevator Elevator Product Portfolios and Specifications
13.16.3 Edunburgh Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Edunburgh Elevator Main Business Overview
13.16.5 Edunburgh Elevator Latest Developments
13.17 IFE Elevators
13.17.1 IFE Elevators Company Information
13.17.2 IFE Elevators Elevator Product Portfolios and Specifications
13.17.3 IFE Elevators Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 IFE Elevators Main Business Overview
13.17.5 IFE Elevators Latest Developments
13.18 Meilun Elevator
13.18.1 Meilun Elevator Company Information
13.18.2 Meilun Elevator Elevator Product Portfolios and Specifications
13.18.3 Meilun Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Meilun Elevator Main Business Overview
13.18.5 Meilun Elevator Latest Developments
13.19 Suzhou Diao
13.19.1 Suzhou Diao Company Information
13.19.2 Suzhou Diao Elevator Product Portfolios and Specifications
13.19.3 Suzhou Diao Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Suzhou Diao Main Business Overview
13.19.5 Suzhou Diao Latest Developments
13.20 CNYD
13.20.1 CNYD Company Information
13.20.2 CNYD Elevator Product Portfolios and Specifications
13.20.3 CNYD Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 CNYD Main Business Overview
13.20.5 CNYD Latest Developments
13.21 Syney Electric
13.21.1 Syney Electric Company Information
13.21.2 Syney Electric Elevator Product Portfolios and Specifications
13.21.3 Syney Electric Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Syney Electric Main Business Overview
13.21.5 Syney Electric Latest Developments
13.22 Dongnan Elevator
13.22.1 Dongnan Elevator Company Information
13.22.2 Dongnan Elevator Elevator Product Portfolios and Specifications
13.22.3 Dongnan Elevator Elevator Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 Dongnan Elevator Main Business Overview
13.22.5 Dongnan Elevator Latest Developments
14 Research Findings and Conclusion
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*If Applicable.