The global Passenger Elevators market size is predicted to grow from US$ 41430 million in 2025 to US$ 54150 million in 2031; it is expected to grow at a CAGR of 4.6% from 2025 to 2031.
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.
This report studies Passenger Elevators.
Global Passenger Elevators key players include Kone, Otis, Schindler, etc. Global top 3 manufacturers hold a share over 42%.
Asia-Pacific is the largest market, with a sales market share about 85%, followed by Europe, and North America, both have a sales market share about 12 percent.
In terms of product, Elevator is the largest segment, with a share over 87%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub and Industrial Area.
The 鈥淧assenger Elevators Industry Forecast鈥� looks at past sales and reviews total world Passenger Elevators sales in 2024, providing a comprehensive analysis by region and market sector of projected Passenger Elevators sales for 2025 through 2031. With Passenger Elevators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passenger Elevators industry.
This Insight Report provides a comprehensive analysis of the global Passenger Elevators 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 Passenger Elevators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Passenger Elevators market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passenger Elevators 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 Passenger Elevators.
This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Elevators market by product type, application, key manufacturers and key regions and countries.
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 analysing the company's coverage, product portfolio, its market penetration.
Kone
Otis
Schindler
ThyssenKrupp
Mitsubishi Electric
Hitachi
Toshiba
Hyundai
Fujitec
Hangzhou XiOlift
Volkslift
Yungtay Engineering
Canny Elevator
SJEC
Guangri Elevator
Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE Elevators
CNYD
Syney Elevator
Dongnan Elevator
Key Questions Addressed in this Report
What is the 10-year outlook for the global Passenger Elevators market?
What factors are driving Passenger Elevators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Passenger Elevators market opportunities vary by end market size?
How does Passenger Elevators 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 Passenger Elevators Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Passenger Elevators by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Passenger Elevators by Country/Region, 2020, 2024 & 2031
2.2 Passenger Elevators Segment by Type
2.2.1 Elevator
2.2.2 Escalator
2.2.3 Moving Walkway
2.3 Passenger Elevators Sales by Type
2.3.1 Global Passenger Elevators Sales Market Share by Type (2020-2025)
2.3.2 Global Passenger Elevators Revenue and Market Share by Type (2020-2025)
2.3.3 Global Passenger Elevators Sale Price by Type (2020-2025)
2.4 Passenger Elevators 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 Passenger Elevators Sales by Application
2.5.1 Global Passenger Elevators Sale Market Share by Application (2020-2025)
2.5.2 Global Passenger Elevators Revenue and Market Share by Application (2020-2025)
2.5.3 Global Passenger Elevators Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Passenger Elevators Breakdown Data by Company
3.1.1 Global Passenger Elevators Annual Sales by Company (2020-2025)
3.1.2 Global Passenger Elevators Sales Market Share by Company (2020-2025)
3.2 Global Passenger Elevators Annual Revenue by Company (2020-2025)
3.2.1 Global Passenger Elevators Revenue by Company (2020-2025)
3.2.2 Global Passenger Elevators Revenue Market Share by Company (2020-2025)
3.3 Global Passenger Elevators Sale Price by Company
3.4 Key Manufacturers Passenger Elevators Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Passenger Elevators Product Location Distribution
3.4.2 Players Passenger Elevators 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 Passenger Elevators by Geographic Region
4.1 World Historic Passenger Elevators Market Size by Geographic Region (2020-2025)
4.1.1 Global Passenger Elevators Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Passenger Elevators Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Passenger Elevators Market Size by Country/Region (2020-2025)
4.2.1 Global Passenger Elevators Annual Sales by Country/Region (2020-2025)
4.2.2 Global Passenger Elevators Annual Revenue by Country/Region (2020-2025)
4.3 Americas Passenger Elevators Sales Growth
4.4 APAC Passenger Elevators Sales Growth
4.5 Europe Passenger Elevators Sales Growth
4.6 Middle East & Africa Passenger Elevators Sales Growth
5 Americas
5.1 Americas Passenger Elevators Sales by Country
5.1.1 Americas Passenger Elevators Sales by Country (2020-2025)
5.1.2 Americas Passenger Elevators Revenue by Country (2020-2025)
5.2 Americas Passenger Elevators Sales by Type (2020-2025)
5.3 Americas Passenger Elevators Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Passenger Elevators Sales by Region
6.1.1 APAC Passenger Elevators Sales by Region (2020-2025)
6.1.2 APAC Passenger Elevators Revenue by Region (2020-2025)
6.2 APAC Passenger Elevators Sales by Type (2020-2025)
6.3 APAC Passenger Elevators 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 Passenger Elevators by Country
7.1.1 Europe Passenger Elevators Sales by Country (2020-2025)
7.1.2 Europe Passenger Elevators Revenue by Country (2020-2025)
7.2 Europe Passenger Elevators Sales by Type (2020-2025)
7.3 Europe Passenger Elevators 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 Passenger Elevators by Country
8.1.1 Middle East & Africa Passenger Elevators Sales by Country (2020-2025)
8.1.2 Middle East & Africa Passenger Elevators Revenue by Country (2020-2025)
8.2 Middle East & Africa Passenger Elevators Sales by Type (2020-2025)
8.3 Middle East & Africa Passenger Elevators 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 Passenger Elevators
10.3 Manufacturing Process Analysis of Passenger Elevators
10.4 Industry Chain Structure of Passenger Elevators
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Passenger Elevators Distributors
11.3 Passenger Elevators Customer
12 World Forecast Review for Passenger Elevators by Geographic Region
12.1 Global Passenger Elevators Market Size Forecast by Region
12.1.1 Global Passenger Elevators Forecast by Region (2026-2031)
12.1.2 Global Passenger Elevators 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 Passenger Elevators Forecast by Type (2026-2031)
12.7 Global Passenger Elevators Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Kone
13.1.1 Kone Company Information
13.1.2 Kone Passenger Elevators Product Portfolios and Specifications
13.1.3 Kone Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Kone Main Business Overview
13.1.5 Kone Latest Developments
13.2 Otis
13.2.1 Otis Company Information
13.2.2 Otis Passenger Elevators Product Portfolios and Specifications
13.2.3 Otis Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Otis Main Business Overview
13.2.5 Otis Latest Developments
13.3 Schindler
13.3.1 Schindler Company Information
13.3.2 Schindler Passenger Elevators Product Portfolios and Specifications
13.3.3 Schindler Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Schindler Main Business Overview
13.3.5 Schindler Latest Developments
13.4 ThyssenKrupp
13.4.1 ThyssenKrupp Company Information
13.4.2 ThyssenKrupp Passenger Elevators Product Portfolios and Specifications
13.4.3 ThyssenKrupp Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 ThyssenKrupp Main Business Overview
13.4.5 ThyssenKrupp Latest Developments
13.5 Mitsubishi Electric
13.5.1 Mitsubishi Electric Company Information
13.5.2 Mitsubishi Electric Passenger Elevators Product Portfolios and Specifications
13.5.3 Mitsubishi Electric Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Mitsubishi Electric Main Business Overview
13.5.5 Mitsubishi Electric Latest Developments
13.6 Hitachi
13.6.1 Hitachi Company Information
13.6.2 Hitachi Passenger Elevators Product Portfolios and Specifications
13.6.3 Hitachi Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
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 Passenger Elevators Product Portfolios and Specifications
13.7.3 Toshiba Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
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 Passenger Elevators Product Portfolios and Specifications
13.8.3 Hyundai Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Hyundai Main Business Overview
13.8.5 Hyundai Latest Developments
13.9 Fujitec
13.9.1 Fujitec Company Information
13.9.2 Fujitec Passenger Elevators Product Portfolios and Specifications
13.9.3 Fujitec Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Fujitec Main Business Overview
13.9.5 Fujitec Latest Developments
13.10 Hangzhou XiOlift
13.10.1 Hangzhou XiOlift Company Information
13.10.2 Hangzhou XiOlift Passenger Elevators Product Portfolios and Specifications
13.10.3 Hangzhou XiOlift Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Hangzhou XiOlift Main Business Overview
13.10.5 Hangzhou XiOlift Latest Developments
13.11 Volkslift
13.11.1 Volkslift Company Information
13.11.2 Volkslift Passenger Elevators Product Portfolios and Specifications
13.11.3 Volkslift Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Volkslift Main Business Overview
13.11.5 Volkslift Latest Developments
13.12 Yungtay Engineering
13.12.1 Yungtay Engineering Company Information
13.12.2 Yungtay Engineering Passenger Elevators Product Portfolios and Specifications
13.12.3 Yungtay Engineering Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Yungtay Engineering Main Business Overview
13.12.5 Yungtay Engineering Latest Developments
13.13 Canny Elevator
13.13.1 Canny Elevator Company Information
13.13.2 Canny Elevator Passenger Elevators Product Portfolios and Specifications
13.13.3 Canny Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Canny Elevator Main Business Overview
13.13.5 Canny Elevator Latest Developments
13.14 SJEC
13.14.1 SJEC Company Information
13.14.2 SJEC Passenger Elevators Product Portfolios and Specifications
13.14.3 SJEC Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 SJEC Main Business Overview
13.14.5 SJEC Latest Developments
13.15 Guangri Elevator
13.15.1 Guangri Elevator Company Information
13.15.2 Guangri Elevator Passenger Elevators Product Portfolios and Specifications
13.15.3 Guangri Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Guangri Elevator Main Business Overview
13.15.5 Guangri Elevator Latest Developments
13.16 Edunburgh Elevator
13.16.1 Edunburgh Elevator Company Information
13.16.2 Edunburgh Elevator Passenger Elevators Product Portfolios and Specifications
13.16.3 Edunburgh Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Edunburgh Elevator Main Business Overview
13.16.5 Edunburgh Elevator Latest Developments
13.17 Suzhou Diao
13.17.1 Suzhou Diao Company Information
13.17.2 Suzhou Diao Passenger Elevators Product Portfolios and Specifications
13.17.3 Suzhou Diao Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Suzhou Diao Main Business Overview
13.17.5 Suzhou Diao Latest Developments
13.18 Meilun Elevator
13.18.1 Meilun Elevator Company Information
13.18.2 Meilun Elevator Passenger Elevators Product Portfolios and Specifications
13.18.3 Meilun Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Meilun Elevator Main Business Overview
13.18.5 Meilun Elevator Latest Developments
13.19 IFE Elevators
13.19.1 IFE Elevators Company Information
13.19.2 IFE Elevators Passenger Elevators Product Portfolios and Specifications
13.19.3 IFE Elevators Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 IFE Elevators Main Business Overview
13.19.5 IFE Elevators Latest Developments
13.20 CNYD
13.20.1 CNYD Company Information
13.20.2 CNYD Passenger Elevators Product Portfolios and Specifications
13.20.3 CNYD Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 CNYD Main Business Overview
13.20.5 CNYD Latest Developments
13.21 Syney Elevator
13.21.1 Syney Elevator Company Information
13.21.2 Syney Elevator Passenger Elevators Product Portfolios and Specifications
13.21.3 Syney Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Syney Elevator Main Business Overview
13.21.5 Syney Elevator Latest Developments
13.22 Dongnan Elevator
13.22.1 Dongnan Elevator Company Information
13.22.2 Dongnan Elevator Passenger Elevators Product Portfolios and Specifications
13.22.3 Dongnan Elevator Passenger Elevators Sales, Revenue, Price and Gross Margin (2020-2025)
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.