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Hydraulic Elevators Market 2022-2026

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    Report

  • 120 Pages
  • February 2022
  • Region: Global
  • TechNavio
  • ID: 5004474
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The publisher has been monitoring the hydraulic elevators market and it is poised to grow by $ 620.9 mn during 2022-2026, progressing at a CAGR of 1.41% during the forecast period. This report on the hydraulic elevators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the installation cost of hydraulic elevators is lower than that of traction elevators, lower maintenance cost and higher safety, and increase in preference for hydraulic elevators in low- and mid-rise buildings. In addition, the installation cost of hydraulic elevators is lower than that of traction elevators is anticipated to boost the growth of the market as well.

The hydraulic elevators market analysis includes the type segment and geographic landscape.

The publisher's hydraulic elevators market is segmented as below:


By Type


  • Hole-less hydraulic elevators
  • Holed hydraulic elevators
  • Roped hydraulic elevators

By Geographical Landscape


  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

This study identifies the development of hydraulic infinite linear actuator (HILA) system as one of the prime reasons driving the hydraulic elevators market growth during the next few years. Also, advances in the field of elevator maintenance and growing emphasis on modernizing elevator components will lead to sizable demand in the market.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report on hydraulic elevators market covers the following areas:
  • Hydraulic elevators market sizing
  • Hydraulic elevators market forecast
  • Hydraulic elevators market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydraulic elevators market vendors that include Advance Lifts Inc., Bonsdag Industries Pvt. Ltd., Bucher Industries AG, CIRCOR International Inc., Custom Elevator Manufacturing Inc., Delta Elevator Co. Ltd., GMV Polska Sp. z o.o., Kleeman Hellas S.A., Mitsubishi Electric Corp., Mahe Lifts, Modern Elevator Innovations, Morris Vermaport Ltd., Otis Worldwide Corp., PFlow Industries Inc., Schindler Holding Ltd., Schumacher Elevator Co., thyssenkrupp AG, Vantage Elevator Solutions, VRS Elevators Pvt. Ltd., and Waupaca Elevator Co. Also, the hydraulic elevators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Table of Contents

1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
Exhibit 02: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 05: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 06: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 10: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 11: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 12: Threat of new entrants
4.5 Threat of substitutes
Exhibit 13: Threat of substitutes
4.6 Threat of rivalry
Exhibit 14: Threat of rivalry
4.7 Market condition
Exhibit 15: Market condition - Five forces 2020
5 Market Segmentation by Type
5.1 Market segments
The segments covered in this chapter are Hole-less hydraulic elevators, Holed hydraulic elevators, and Roped hydraulic elevators.
Exhibit 16: Chart on Type - Market share 2021-2026 (%)
Exhibit 17: Data Table on Type - Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 18: Chart on Comparison by Type
Exhibit 19: Data Table on Comparison by Type
5.3 Hole-less hydraulic elevators - Market size and forecast 2021-2026
Exhibit 20: Chart on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 21: Data Table on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 22: Chart on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 23: Data Table on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.4 Holed hydraulic elevators - Market size and forecast 2021-2026
Exhibit 24: Chart on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Data Table on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Chart on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 27: Data Table on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.5 Roped hydraulic elevators - Market size and forecast 2021-2026
Exhibit 28: Chart on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Type
Exhibit 32: Market opportunity by Type ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 33: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 34: Chart on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 35: Chart on Geographic comparison
Exhibit 36: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 37: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 41: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 45: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 49: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 52: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 53: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 54: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 56: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 57: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 58 Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 60: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 Germany - Market size and forecast 2021-2026
Exhibit 61: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 64: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.10 US - Market size and forecast 2021-2026
Exhibit 65: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 68: Data Table on US - Year-over-year growth 2021-2026 (%)
7.11 UK - Market size and forecast 2021-2026
Exhibit 69: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 72: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.12 India - Market size and forecast 2021-2026
Exhibit 73: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 76: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 77: Market opportunity By Geographical Landscape ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Installation cost of hydraulic elevators is lower than that of traction elevators
8.1.2 Lower maintenance cost and higher safety
8.1.3 Increase in preference for hydraulic elevators in low- and mid-rise buildings
8.2 Market challenges
8.2.1 Increase in preference for substitute products
8.2.2 Oil sensitivity to atmospheric temperature
8.2.3 Raw material price volatility
8.3 Impact of drivers and challenges
Exhibit 78: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Development of hydraulic infinite linear actuator (HILA) system
8.4.2 Advances in the field of elevator maintenance
8.4.3 Growing emphasis on modernizing elevator components
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 79: Vendor Landscape
9.3 Landscape disruption
Exhibit 80: Landscape disruption
9.4 Industry risks
Exhibit 81: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 82: Vendors covered
10.2 Market positioning of vendors
Exhibit 83: Matrix on vendor position and classification
10.3 Bucher Industries AG
Exhibit 84: Bucher Industries AG - Overview
Exhibit 85: Bucher Industries AG - Business segments
Exhibit 86: Bucher Industries AG - Key offerings
Exhibit 87: Bucher Industries AG - Segment focus
10.4 CIRCOR International Inc.
Exhibit 88: CIRCOR International Inc. - Overview
Exhibit 89: CIRCOR International Inc. - Business segments
Exhibit 90: CIRCOR International Inc. - Key offerings
Exhibit 91: CIRCOR International Inc. - Segment focus
10.5 Delta Elevator Co. Ltd.
Exhibit 92: Delta Elevator Co. Ltd. - Overview
Exhibit 93: Delta Elevator Co. Ltd. - Product / Service
Exhibit 94: Delta Elevator Co. Ltd. - Key offerings
10.6 Kleeman Hellas S.A.
Exhibit 95: Kleeman Hellas S.A. - Overview
Exhibit 96: Kleeman Hellas S.A. - Product / Service
Exhibit 97: Kleeman Hellas S.A. - Key offerings
10.7 Mitsubishi Electric Corp.
Exhibit 98: Mitsubishi Electric Corp. - Overview
Exhibit 99: Mitsubishi Electric Corp. - Business segments
Exhibit 100: Mitsubishi Electric Corp. - Key news
Exhibit 101: Mitsubishi Electric Corp. - Key offerings
Exhibit 102: Mitsubishi Electric Corp. - Segment focus
10.8 Otis Worldwide Corp.
Exhibit 103: Otis Worldwide Corp. - Overview
Exhibit 104: Otis Worldwide Corp. - Business segments
Exhibit 105: Otis Worldwide Corp. - Key news
Exhibit 106: Otis Worldwide Corp. - Key offerings
Exhibit 107: Otis Worldwide Corp. - Segment focus
10.9 Schindler Holding Ltd.
Exhibit 108: Schindler Holding Ltd. - Overview
Exhibit 109: Schindler Holding Ltd. - Product / Service
Exhibit 110: Schindler Holding Ltd. - Key news
Exhibit 111: Schindler Holding Ltd. - Key offerings
10.10 Schumacher Elevator Co.
Exhibit 112: Schumacher Elevator Co. - Overview
Exhibit 113: Schumacher Elevator Co. - Product / Service
Exhibit 114: Schumacher Elevator Co. - Key offerings
10.11 thyssenkrupp AG
Exhibit 115: thyssenkrupp AG - Overview
Exhibit 116: thyssenkrupp AG - Business segments
Exhibit 117: thyssenkrupp AG - Key news
Exhibit 118: thys
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Type - Market share 2021-2026 (%)
Exhibits 25: Data Table on Type - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Type
Exhibits 27: Data Table on Comparison by Type
Exhibits 28: Chart on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 36: Chart on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 37: Data Table on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibits 38: Chart on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 39: Data Table on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibits 40: Market opportunity by Type ($ million)
Exhibits 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 44: Chart on Geographic comparison
Exhibits 45: Data Table on Geographic comparison
Exhibits 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibits 82: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits 84: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 85: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 86: Market opportunity By Geographical Landscape ($ million)
Exhibits 87: Impact of drivers and challenges in 2021 and 2026
Exhibits 88: Overview on Criticality of inputs and Factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Vendors covered
Exhibits 92: Matrix on vendor position and classification
Exhibits 93: Bucher Industries AG - Overview
Exhibits 94: Bucher Industries AG - Business segments
Exhibits 95: Bucher Industries AG - Key offerings
Exhibits 96: Bucher Industries AG - Segment focus
Exhibits 97: CIRCOR International Inc. - Overview
Exhibits 98: CIRCOR International Inc. - Business segments
Exhibits 99: CIRCOR International Inc. - Key offerings
Exhibits 100: CIRCOR International Inc. - Segment focus
Exhibits 101: Delta Elevator Co. Ltd. - Overview
Exhibits 102: Delta Elevator Co. Ltd. - Product / Service
Exhibits 103: Delta Elevator Co. Ltd. - Key offerings
Exhibits 104: Kleeman Hellas S.A. - Overview
Exhibits 105: Kleeman Hellas S.A. - Product / Service
Exhibits 106: Kleeman Hellas S.A. - Key offerings
Exhibits 107: Mitsubishi Electric Corp. - Overview
Exhibits 108: Mitsubishi Electric Corp. - Business segments
Exhibits 109: Mitsubishi Electric Corp. - Key news
Exhibits 110: Mitsubishi Electric Corp. - Key offerings
Exhibits 111: Mitsubishi Electric Corp. - Segment focus
Exhibits 112: Otis Worldwide Corp. - Overview
Exhibits 113: Otis Worldwide Corp. - Business segments
Exhibits 114: Otis Worldwide Corp. - Key news
Exhibits 115: Otis Worldwide Corp. - Key offerings
Exhibits 116: Otis Worldwide Corp. - Segment focus
Exhibits 117: Schindler Holding Ltd. - Overview
Exhibits 118: Schindler Holding Ltd. - Product / Service
Exhibits 119: Schindler Holding Ltd. - Key news
Exhibits 120: Schindler Holding Ltd. - Key offerings
Exhibits 121: Schumacher Elevator Co. - Overview
Exhibits 122: Schumacher Elevator Co. - Product / Service
Exhibits 123: Schumacher Elevator Co. - Key offerings
Exhibits 124: thyssenkrupp AG - Overview
Exhibits 125: thyssenkrupp AG - Business segments
Exhibits 126: thyssenkrupp AG - Key news
Exhibits 127: thyssenkrupp AG - Key offerings
Exhibits 128: thyssenkrupp AG - Segment focus
Exhibits 129: Vantage Elevator Solutions - Overview
Exhibits 130: Vantage Elevator Solutions - Product / Service
Exhibits 131: Vantage Elevator Solutions - Key offerings
Exhibits 132: Inclusions checklist
Exhibits 133: Exclusions checklist
Exhibits 134: Currency conversion rates for US$
Exhibits 135: Research methodology
Exhibits 136: Validation techniques employed for market sizing
Exhibits 137: Information sources
Exhibits 138: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global hydraulic elevators market: Bucher Industries AG, CIRCOR International Inc., Delta Elevator Co. Ltd., GAL Manufacturing Company LLC, KLEEMANN HELLAS SA, Mitsubishi Electric Corp., Schindler Holding Ltd., Schumacher Elevator Co., thyssenkrupp AG and United Technologies Corp.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the advances in the field of elevator maintenance."

According to the report, one of the major drivers for this market is the lower maintenance costs and higher safety.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advance Lifts Inc.
  • Bonsdag Industries Pvt. Ltd.
  • Bucher Industries AG
  • CIRCOR International Inc.
  • Custom Elevator Manufacturing Inc.
  • Delta Elevator Co. Ltd.
  • GMV Polska Sp. z o.o.
  • Kleeman Hellas S.A.
  • Mitsubishi Electric Corp.
  • Mahe Lifts
  • Modern Elevator Innovations
  • Morris Vermaport Ltd.
  • Otis Worldwide Corp.
  • PFlow Industries Inc.
  • Schindler Holding Ltd.
  • Schumacher Elevator Co.
  • thyssenkrupp AG
  • Vantage Elevator Solutions
  • VRS Elevators Pvt. Ltd.
  • Waupaca Elevator Co.