

The global Hydraulic Elevator market size is predicted to grow from US$ 577 million in 2025 to US$ 532 million in 2031; it is expected to grow at a CAGR of -1.3% from 2025 to 2031.
Hydraulic elevators are elevators which are powered by a piston that travels inside a cylinder. An electric motor pumps hydraulic oil into the cylinder to move the piston. The piston smoothly lifts the elevator cab. Electrical valves control the release of the oil for a gentle descent.
The leading players are Otis, Schindler, ThyssenKrupp, Mitsubishi Electric and Hyundai, accounting for about 67.58% revenue market share in 2019.
The “Hydraulic Elevator Industry Forecast” looks at past sales and reviews total world Hydraulic Elevator sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydraulic Elevator sales for 2025 through 2031. With Hydraulic Elevator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydraulic Elevator industry.
This Insight Report provides a comprehensive analysis of the global Hydraulic Elevator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydraulic Elevator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydraulic Elevator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydraulic Elevator and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydraulic Elevator.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydraulic Elevator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Hydraulic Passenger Elevator
Hydraulic Freight Elevator
Segmentation by Application:
Residential
Commercial
Industrial
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 analysing the company's coverage, product portfolio, its market penetration.
Otis
Schindler
ThyssenKrupp
Mitsubishi Electric
Fujitec
Hyundai
DNDT
Koood Elevator
IGV
Yungtay Engineering
Sicher Elevator
DAZO Elevator
Joylive Elevator
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydraulic Elevator market?
What factors are driving Hydraulic Elevator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydraulic Elevator market opportunities vary by end market size?
How does Hydraulic Elevator break out by Type, by Application?
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 Hydraulic Elevator Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Hydraulic Elevator by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Hydraulic Elevator by Country/Region, 2020, 2024 & 2031
2.2 Hydraulic Elevator Segment by Type
2.2.1 Hydraulic Passenger Elevator
2.2.2 Hydraulic Freight Elevator
2.3 Hydraulic Elevator Sales by Type
2.3.1 Global Hydraulic Elevator Sales Market Share by Type (2020-2025)
2.3.2 Global Hydraulic Elevator Revenue and Market Share by Type (2020-2025)
2.3.3 Global Hydraulic Elevator Sale Price by Type (2020-2025)
2.4 Hydraulic Elevator Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.5 Hydraulic Elevator Sales by Application
2.5.1 Global Hydraulic Elevator Sale Market Share by Application (2020-2025)
2.5.2 Global Hydraulic Elevator Revenue and Market Share by Application (2020-2025)
2.5.3 Global Hydraulic Elevator Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Hydraulic Elevator Breakdown Data by Company
3.1.1 Global Hydraulic Elevator Annual Sales by Company (2020-2025)
3.1.2 Global Hydraulic Elevator Sales Market Share by Company (2020-2025)
3.2 Global Hydraulic Elevator Annual Revenue by Company (2020-2025)
3.2.1 Global Hydraulic Elevator Revenue by Company (2020-2025)
3.2.2 Global Hydraulic Elevator Revenue Market Share by Company (2020-2025)
3.3 Global Hydraulic Elevator Sale Price by Company
3.4 Key Manufacturers Hydraulic Elevator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Hydraulic Elevator Product Location Distribution
3.4.2 Players Hydraulic Elevator Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Hydraulic Elevator by Geographic Region
4.1 World Historic Hydraulic Elevator Market Size by Geographic Region (2020-2025)
4.1.1 Global Hydraulic Elevator Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Hydraulic Elevator Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Hydraulic Elevator Market Size by Country/Region (2020-2025)
4.2.1 Global Hydraulic Elevator Annual Sales by Country/Region (2020-2025)
4.2.2 Global Hydraulic Elevator Annual Revenue by Country/Region (2020-2025)
4.3 Americas Hydraulic Elevator Sales Growth
4.4 APAC Hydraulic Elevator Sales Growth
4.5 Europe Hydraulic Elevator Sales Growth
4.6 Middle East & Africa Hydraulic Elevator Sales Growth
5 Americas
5.1 Americas Hydraulic Elevator Sales by Country
5.1.1 Americas Hydraulic Elevator Sales by Country (2020-2025)
5.1.2 Americas Hydraulic Elevator Revenue by Country (2020-2025)
5.2 Americas Hydraulic Elevator Sales by Type (2020-2025)
5.3 Americas Hydraulic Elevator Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Hydraulic Elevator Sales by Region
6.1.1 APAC Hydraulic Elevator Sales by Region (2020-2025)
6.1.2 APAC Hydraulic Elevator Revenue by Region (2020-2025)
6.2 APAC Hydraulic Elevator Sales by Type (2020-2025)
6.3 APAC Hydraulic Elevator Sales by Application (2020-2025)
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 Hydraulic Elevator by Country
7.1.1 Europe Hydraulic Elevator Sales by Country (2020-2025)
7.1.2 Europe Hydraulic Elevator Revenue by Country (2020-2025)
7.2 Europe Hydraulic Elevator Sales by Type (2020-2025)
7.3 Europe Hydraulic Elevator Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Hydraulic Elevator by Country
8.1.1 Middle East & Africa Hydraulic Elevator Sales by Country (2020-2025)
8.1.2 Middle East & Africa Hydraulic Elevator Revenue by Country (2020-2025)
8.2 Middle East & Africa Hydraulic Elevator Sales by Type (2020-2025)
8.3 Middle East & Africa Hydraulic Elevator Sales by Application (2020-2025)
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 Hydraulic Elevator
10.3 Manufacturing Process Analysis of Hydraulic Elevator
10.4 Industry Chain Structure of Hydraulic Elevator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Hydraulic Elevator Distributors
11.3 Hydraulic Elevator Customer
12 World Forecast Review for Hydraulic Elevator by Geographic Region
12.1 Global Hydraulic Elevator Market Size Forecast by Region
12.1.1 Global Hydraulic Elevator Forecast by Region (2026-2031)
12.1.2 Global Hydraulic Elevator Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Hydraulic Elevator Forecast by Type (2026-2031)
12.7 Global Hydraulic Elevator Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Otis
13.1.1 Otis Company Information
13.1.2 Otis Hydraulic Elevator Product Portfolios and Specifications
13.1.3 Otis Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Otis Main Business Overview
13.1.5 Otis Latest Developments
13.2 Schindler
13.2.1 Schindler Company Information
13.2.2 Schindler Hydraulic Elevator Product Portfolios and Specifications
13.2.3 Schindler Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Schindler Main Business Overview
13.2.5 Schindler Latest Developments
13.3 ThyssenKrupp
13.3.1 ThyssenKrupp Company Information
13.3.2 ThyssenKrupp Hydraulic Elevator Product Portfolios and Specifications
13.3.3 ThyssenKrupp Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 ThyssenKrupp Main Business Overview
13.3.5 ThyssenKrupp Latest Developments
13.4 Mitsubishi Electric
13.4.1 Mitsubishi Electric Company Information
13.4.2 Mitsubishi Electric Hydraulic Elevator Product Portfolios and Specifications
13.4.3 Mitsubishi Electric Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Mitsubishi Electric Main Business Overview
13.4.5 Mitsubishi Electric Latest Developments
13.5 Fujitec
13.5.1 Fujitec Company Information
13.5.2 Fujitec Hydraulic Elevator Product Portfolios and Specifications
13.5.3 Fujitec Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Fujitec Main Business Overview
13.5.5 Fujitec Latest Developments
13.6 Hyundai
13.6.1 Hyundai Company Information
13.6.2 Hyundai Hydraulic Elevator Product Portfolios and Specifications
13.6.3 Hyundai Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hyundai Main Business Overview
13.6.5 Hyundai Latest Developments
13.7 DNDT
13.7.1 DNDT Company Information
13.7.2 DNDT Hydraulic Elevator Product Portfolios and Specifications
13.7.3 DNDT Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 DNDT Main Business Overview
13.7.5 DNDT Latest Developments
13.8 Koood Elevator
13.8.1 Koood Elevator Company Information
13.8.2 Koood Elevator Hydraulic Elevator Product Portfolios and Specifications
13.8.3 Koood Elevator Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Koood Elevator Main Business Overview
13.8.5 Koood Elevator Latest Developments
13.9 IGV
13.9.1 IGV Company Information
13.9.2 IGV Hydraulic Elevator Product Portfolios and Specifications
13.9.3 IGV Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 IGV Main Business Overview
13.9.5 IGV Latest Developments
13.10 Yungtay Engineering
13.10.1 Yungtay Engineering Company Information
13.10.2 Yungtay Engineering Hydraulic Elevator Product Portfolios and Specifications
13.10.3 Yungtay Engineering Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Yungtay Engineering Main Business Overview
13.10.5 Yungtay Engineering Latest Developments
13.11 Sicher Elevator
13.11.1 Sicher Elevator Company Information
13.11.2 Sicher Elevator Hydraulic Elevator Product Portfolios and Specifications
13.11.3 Sicher Elevator Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Sicher Elevator Main Business Overview
13.11.5 Sicher Elevator Latest Developments
13.12 DAZO Elevator
13.12.1 DAZO Elevator Company Information
13.12.2 DAZO Elevator Hydraulic Elevator Product Portfolios and Specifications
13.12.3 DAZO Elevator Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 DAZO Elevator Main Business Overview
13.12.5 DAZO Elevator Latest Developments
13.13 Joylive Elevator
13.13.1 Joylive Elevator Company Information
13.13.2 Joylive Elevator Hydraulic Elevator Product Portfolios and Specifications
13.13.3 Joylive Elevator Hydraulic Elevator Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Joylive Elevator Main Business Overview
13.13.5 Joylive Elevator Latest Developments
14 Research Findings and Conclusion
*If Applicable.