The global market for Passenger Elevators was valued at US$ 40740 million in the year 2024 and is projected to reach a revised size of US$ 54840 million by 2031, growing at a CAGR of 4.4% during the forecast period.
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Passenger Elevators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Passenger Elevators.
The Passenger Elevators market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Passenger Elevators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Passenger Elevators manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
by Type
Elevator
Escalator
Moving Walkway
by Application
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Passenger Elevators manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Passenger Elevators by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Passenger Elevators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Passenger Elevators Market Overview
1.1 Product Definition
1.2 Passenger Elevators by Type
1.2.1 Global Passenger Elevators Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Elevator
1.2.3 Escalator
1.2.4 Moving Walkway
1.3 Passenger Elevators by Application
1.3.1 Global Passenger Elevators Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Residential Area
1.3.3 Commercial Office
1.3.4 Transportation Hub
1.3.5 Industrial Area
1.4 Global Market Growth Prospects
1.4.1 Global Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Passenger Elevators Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Passenger Elevators Production Estimates and Forecasts (2020-2031)
1.4.4 Global Passenger Elevators Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Passenger Elevators Production Market Share by Manufacturers (2020-2025)
2.2 Global Passenger Elevators Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Passenger Elevators, Industry Ranking, 2023 VS 2024
2.4 Global Passenger Elevators Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Passenger Elevators Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Passenger Elevators, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Passenger Elevators, Product Offered and Application
2.8 Global Key Manufacturers of Passenger Elevators, Date of Enter into This Industry
2.9 Passenger Elevators Market Competitive Situation and Trends
2.9.1 Passenger Elevators Market Concentration Rate
2.9.2 Global 5 and 10 Largest Passenger Elevators Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Passenger Elevators Production by Region
3.1 Global Passenger Elevators Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Passenger Elevators Production Value by Region (2020-2031)
3.2.1 Global Passenger Elevators Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Passenger Elevators by Region (2026-2031)
3.3 Global Passenger Elevators Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Passenger Elevators Production Volume by Region (2020-2031)
3.4.1 Global Passenger Elevators Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Passenger Elevators by Region (2026-2031)
3.5 Global Passenger Elevators Market Price Analysis by Region (2020-2025)
3.6 Global Passenger Elevators Production and Value, Year-over-Year Growth
3.6.1 North America Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Passenger Elevators Production Value Estimates and Forecasts (2020-2031)
4 Passenger Elevators Consumption by Region
4.1 Global Passenger Elevators Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Passenger Elevators Consumption by Region (2020-2031)
4.2.1 Global Passenger Elevators Consumption by Region (2020-2025)
4.2.2 Global Passenger Elevators Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Passenger Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Passenger Elevators Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Passenger Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Passenger Elevators Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Passenger Elevators Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Passenger Elevators Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Passenger Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Passenger Elevators Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Passenger Elevators Production by Type (2020-2031)
5.1.1 Global Passenger Elevators Production by Type (2020-2025)
5.1.2 Global Passenger Elevators Production by Type (2026-2031)
5.1.3 Global Passenger Elevators Production Market Share by Type (2020-2031)
5.2 Global Passenger Elevators Production Value by Type (2020-2031)
5.2.1 Global Passenger Elevators Production Value by Type (2020-2025)
5.2.2 Global Passenger Elevators Production Value by Type (2026-2031)
5.2.3 Global Passenger Elevators Production Value Market Share by Type (2020-2031)
5.3 Global Passenger Elevators Price by Type (2020-2031)
6 Segment by Application
6.1 Global Passenger Elevators Production by Application (2020-2031)
6.1.1 Global Passenger Elevators Production by Application (2020-2025)
6.1.2 Global Passenger Elevators Production by Application (2026-2031)
6.1.3 Global Passenger Elevators Production Market Share by Application (2020-2031)
6.2 Global Passenger Elevators Production Value by Application (2020-2031)
6.2.1 Global Passenger Elevators Production Value by Application (2020-2025)
6.2.2 Global Passenger Elevators Production Value by Application (2026-2031)
6.2.3 Global Passenger Elevators Production Value Market Share by Application (2020-2031)
6.3 Global Passenger Elevators Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Kone
7.1.1 Kone Passenger Elevators Company Information
7.1.2 Kone Passenger Elevators Product Portfolio
7.1.3 Kone Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Kone Main Business and Markets Served
7.1.5 Kone Recent Developments/Updates
7.2 Otis
7.2.1 Otis Passenger Elevators Company Information
7.2.2 Otis Passenger Elevators Product Portfolio
7.2.3 Otis Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Otis Main Business and Markets Served
7.2.5 Otis Recent Developments/Updates
7.3 Schindler
7.3.1 Schindler Passenger Elevators Company Information
7.3.2 Schindler Passenger Elevators Product Portfolio
7.3.3 Schindler Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Schindler Main Business and Markets Served
7.3.5 Schindler Recent Developments/Updates
7.4 ThyssenKrupp
7.4.1 ThyssenKrupp Passenger Elevators Company Information
7.4.2 ThyssenKrupp Passenger Elevators Product Portfolio
7.4.3 ThyssenKrupp Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.4.4 ThyssenKrupp Main Business and Markets Served
7.4.5 ThyssenKrupp Recent Developments/Updates
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric Passenger Elevators Company Information
7.5.2 Mitsubishi Electric Passenger Elevators Product Portfolio
7.5.3 Mitsubishi Electric Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Mitsubishi Electric Main Business and Markets Served
7.5.5 Mitsubishi Electric Recent Developments/Updates
7.6 Hitachi
7.6.1 Hitachi Passenger Elevators Company Information
7.6.2 Hitachi Passenger Elevators Product Portfolio
7.6.3 Hitachi Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Hitachi Main Business and Markets Served
7.6.5 Hitachi Recent Developments/Updates
7.7 Toshiba
7.7.1 Toshiba Passenger Elevators Company Information
7.7.2 Toshiba Passenger Elevators Product Portfolio
7.7.3 Toshiba Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Toshiba Main Business and Markets Served
7.7.5 Toshiba Recent Developments/Updates
7.8 Hyundai
7.8.1 Hyundai Passenger Elevators Company Information
7.8.2 Hyundai Passenger Elevators Product Portfolio
7.8.3 Hyundai Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Hyundai Main Business and Markets Served
7.8.5 Hyundai Recent Developments/Updates
7.9 Fujitec
7.9.1 Fujitec Passenger Elevators Company Information
7.9.2 Fujitec Passenger Elevators Product Portfolio
7.9.3 Fujitec Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Fujitec Main Business and Markets Served
7.9.5 Fujitec Recent Developments/Updates
7.10 Hangzhou XiOlift
7.10.1 Hangzhou XiOlift Passenger Elevators Company Information
7.10.2 Hangzhou XiOlift Passenger Elevators Product Portfolio
7.10.3 Hangzhou XiOlift Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Hangzhou XiOlift Main Business and Markets Served
7.10.5 Hangzhou XiOlift Recent Developments/Updates
7.11 Volkslift
7.11.1 Volkslift Passenger Elevators Company Information
7.11.2 Volkslift Passenger Elevators Product Portfolio
7.11.3 Volkslift Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Volkslift Main Business and Markets Served
7.11.5 Volkslift Recent Developments/Updates
7.12 Yungtay Engineering
7.12.1 Yungtay Engineering Passenger Elevators Company Information
7.12.2 Yungtay Engineering Passenger Elevators Product Portfolio
7.12.3 Yungtay Engineering Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Yungtay Engineering Main Business and Markets Served
7.12.5 Yungtay Engineering Recent Developments/Updates
7.13 Canny Elevator
7.13.1 Canny Elevator Passenger Elevators Company Information
7.13.2 Canny Elevator Passenger Elevators Product Portfolio
7.13.3 Canny Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Canny Elevator Main Business and Markets Served
7.13.5 Canny Elevator Recent Developments/Updates
7.14 SJEC
7.14.1 SJEC Passenger Elevators Company Information
7.14.2 SJEC Passenger Elevators Product Portfolio
7.14.3 SJEC Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.14.4 SJEC Main Business and Markets Served
7.14.5 SJEC Recent Developments/Updates
7.15 Guangri Elevator
7.15.1 Guangri Elevator Passenger Elevators Company Information
7.15.2 Guangri Elevator Passenger Elevators Product Portfolio
7.15.3 Guangri Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Guangri Elevator Main Business and Markets Served
7.15.5 Guangri Elevator Recent Developments/Updates
7.16 Edunburgh Elevator
7.16.1 Edunburgh Elevator Passenger Elevators Company Information
7.16.2 Edunburgh Elevator Passenger Elevators Product Portfolio
7.16.3 Edunburgh Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Edunburgh Elevator Main Business and Markets Served
7.16.5 Edunburgh Elevator Recent Developments/Updates
7.17 Suzhou Diao
7.17.1 Suzhou Diao Passenger Elevators Company Information
7.17.2 Suzhou Diao Passenger Elevators Product Portfolio
7.17.3 Suzhou Diao Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Suzhou Diao Main Business and Markets Served
7.17.5 Suzhou Diao Recent Developments/Updates
7.18 Meilun Elevator
7.18.1 Meilun Elevator Passenger Elevators Company Information
7.18.2 Meilun Elevator Passenger Elevators Product Portfolio
7.18.3 Meilun Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Meilun Elevator Main Business and Markets Served
7.18.5 Meilun Elevator Recent Developments/Updates
7.19 IFE Elevators
7.19.1 IFE Elevators Passenger Elevators Company Information
7.19.2 IFE Elevators Passenger Elevators Product Portfolio
7.19.3 IFE Elevators Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.19.4 IFE Elevators Main Business and Markets Served
7.19.5 IFE Elevators Recent Developments/Updates
7.20 CNYD
7.20.1 CNYD Passenger Elevators Company Information
7.20.2 CNYD Passenger Elevators Product Portfolio
7.20.3 CNYD Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.20.4 CNYD Main Business and Markets Served
7.20.5 CNYD Recent Developments/Updates
7.21 Syney Elevator
7.21.1 Syney Elevator Passenger Elevators Company Information
7.21.2 Syney Elevator Passenger Elevators Product Portfolio
7.21.3 Syney Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Syney Elevator Main Business and Markets Served
7.21.5 Syney Elevator Recent Developments/Updates
7.22 Dongnan Elevator
7.22.1 Dongnan Elevator Passenger Elevators Company Information
7.22.2 Dongnan Elevator Passenger Elevators Product Portfolio
7.22.3 Dongnan Elevator Passenger Elevators Production, Value, Price and Gross Margin (2020-2025)
7.22.4 Dongnan Elevator Main Business and Markets Served
7.22.5 Dongnan Elevator Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Passenger Elevators Industry Chain Analysis
8.2 Passenger Elevators Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Passenger Elevators Production Mode & Process Analysis
8.4 Passenger Elevators Sales and Marketing
8.4.1 Passenger Elevators Sales Channels
8.4.2 Passenger Elevators Distributors
8.5 Passenger Elevators Customer Analysis
9 Passenger Elevators Market Dynamics
9.1 Passenger Elevators Industry Trends
9.2 Passenger Elevators Market Drivers
9.3 Passenger Elevators Market Challenges
9.4 Passenger Elevators Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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
听
听
*If Applicable.