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Elevators Market Size, Share & Trends Analysis Report by Type (Hydraulic, Traction), Business (New Equipment, Maintenance, Modernization), Application (Residential, Commercial), Region, and Segment Forecasts, 2025-2030

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    Report

  • 152 Pages
  • October 2024
  • Region: Global
  • Grand View Research
  • ID: 5748331
Description Jump to:
The global elevators market size is expected to reach USD 116.14 billion by 2030, registering a CAGR of 6.7% from 2025 to 2030. The need for elevators is projected to be driven by growing urbanization and a significant rise in the elderly population. Elevators are typically constructed in locations like train stations, apartment buildings, hospitals, metro stations, shopping centers, office buildings, schools, and airports. Furthermore, elevator installation in high-rise and mid-rise buildings has become necessary, which is assisting the market's growth in the coming years.

The Asia Pacific region has been particularly affected by the global trend of rapid urbanization due to extremely high population density. Moreover, countries like China, India, and Japan are thought to have a significant potential for growth in terms of standard of life. A significant increase in the construction industry is also anticipated in the area, which can be ascribed to the expansion of both private and governmental infrastructure development projects. The demand for elevators will be driven by the aforementioned factors over the forecast period.

Various types of switches, sensors, alarms, and communication systems, are included in elevator safety systems. A growing number of sensors are being included in elevators due to growing safety concerns. Additionally, big data, machine learning, and artificial intelligence are being combined with these systems to improve the operation of safety systems and elevators. These aforementioned technological advancements will drive the demand for elevators in the coming years.

The World Population Prospects report from the United Nations estimates that by 2050, there will be about 2.1 billion older people alive. Elevators can help the elderly population improve their quality of life. The majority of older people experience preventable ailments like arthritis or cardiovascular disease. By preventing them from climbing a painful flight of stairs, elevators will help the older population live longer, driving up demand from this group of people in society. As a result, the market is anticipated to grow more quickly throughout the forecast period.

As a result of the housing shortage, high-rise buildings are becoming more prevalent. With the advancement and modernization of mankind, the most recent generations of elevators not only provide the fundamental goal of people flow in buildings, but also provide aesthetics, a secure operating system, and other unique features to satisfy the needs of urban users. For instance, Otis India, a producer of elevators and escalators, anticipates a rise in demand as a result of an increase in home sales and the government's push for infrastructure spending.

To expand their geographic reach, manufacturers are engaging in mergers, acquisitions, and product launches. For instance, TK Elevator acquired Accurate Elevator in June 2021; Accurate Elevator had long been a prominent elevator service provider in the Florida Keys. For commercial and residential structures in The Florida Keys, Accurate Elevator provides new installation, modernization, preventive maintenance, and repair services.

Renting out machinery to manufacturers and regularly charging them for its use is known as providing equipment as a service (EaaS). For instance, Mitsubishi Elevator developed a distinctive circular business model which is known as equipment as a service, in which the user pays to use an elevator as opposed to purchasing one. In essence, the elevator is a service. As Mitsubishi still owns the elevator and is in charge of maintenance, it has a longer lifespan than "normal" elevators.

Elevators Market Report Highlights

  • The traction type segment led the market and accounted for 55.2% of the global revenue share in 2024. Traction elevators are frequently used in industrial and commercial structures.
  • The new equipment business segment led the market and accounted for 47.7% of the global revenue share in 2024.
  • The residential application segment led the market and accounted for 69.1% of the global revenue share in 2024.
  • The elevator market in Asia Pacific accounted for a market share of 41.5% in 2024. The need for elevators in APAC has increased because of the building industry's strong expansion and rising outputs in nations like India, China, and South Korea, and among others.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
  • Competitive Landscape: Explore the market presence of key players worldwide
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

The leading players in the Elevators market include:

  • TK Elevator
  • Schindler
  • KONE Corporation
  • Hitachi Ltd.
  • HYUNDAIELEVATOR CO.,LTD.
  • Mitsubishi Electric Corporation
  • Toshiba Group
  • FUJITEC CO., LTD.
  • Aritco Lift AB
  • EMAK
  • Sigma Elevator Company
  • Schumacher Elevator Company
  • ESCON Elevators Pvt Limited
  • Electra Elevators
  • CANNY ELEVATOR CO, LTD.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Elevator Market Variables, Trends, & Scope
3.1. Market Segmentation & Scope
3.2. Concentration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Technology Overview
3.6. Elevator Market - Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Opportunity Analysis
3.6.4. Market Challenge Analysis
3.7. Industry Analysis Tools: Elevator Market
3.7.1. Porter’s Analysis
3.7.2. Macroeconomic Analysis
3.8. Economic Mega Trends Analysis
Chapter 4. Elevator Market: Type Estimates & Trend Analysis
4.1. Type Movement Analysis & Market Share, 2024 & 2030
4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.2. Hydraulic
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.3. Traction
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.4. Machine Room-Less Traction
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.5. Others
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Elevator Market: Business Estimates & Trend Analysis
5.1. Business Movement Analysis & Market Share, 2024 & 2030
5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.2. New Equipment
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.3. Maintenance
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.4. Modernization
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Elevator Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2024 & 2030
6.2. Residential
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.3. Commercial
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.4. Industrial
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Elevator Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2024 & 2030
7.2. North America
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.2. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.2.3. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.2.4. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.2.5. U.S.
7.2.5.1. U.S. Macroeconomic Outlook
7.2.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.5.3. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
7.2.5.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.2.5.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.2.6. Canada
7.2.6.1. Canada Macroeconomic Outlook
7.2.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.6.3. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
7.2.6.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.2.6.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.2.7. Mexico
7.2.7.1. Mexico Macroeconomic Outlook
7.2.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.2.7.3. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
7.2.7.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.2.7.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.2. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.3. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.4. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3.5. UK
7.3.5.1. UK Macroeconomic Outlook
7.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.5.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.5.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.5.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3.6. Germany
7.3.6.1. Germany Macroeconomic Outlook
7.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.6.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.6.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.6.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3.7. France
7.3.7.1. France Macroeconomic Outlook
7.3.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.7.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.7.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.7.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3.8. Italy
7.3.8.1. Italy Macroeconomic Outlook
7.3.8.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.8.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.8.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.8.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.3.9. Spain
7.3.9.1. Spain Macroeconomic Outlook
7.3.9.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3.9.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.3.9.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.3.9.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.2. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.3. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.4. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.5. China
7.4.5.1. China Macroeconomic Outlook
7.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.5.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.5.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.5.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.6. India
7.4.6.1. India Macroeconomic Outlook
7.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.6.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.6.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.6.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.7. Japan
7.4.7.1. Japan Macroeconomic Outlook
7.4.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.7.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.7.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.7.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.8. Australia
7.4.8.1. Australia Macroeconomic Outlook
7.4.8.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.8.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.8.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.8.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.9. South Korea
7.4.9.1. South Korea Macroeconomic Outlook
7.4.9.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.9.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.9.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.9.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.10. Indonesia
7.4.10.1. Indonesia Macroeconomic Outlook
7.4.10.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.10.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.10.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.10.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.4.11. Malaysia
7.4.11.1. Malaysia Macroeconomic Outlook
7.4.11.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4.11.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.4.11.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.4.11.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.5. Latin America
7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.2. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.5.3. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.5.4. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.5.5. Brazil
7.5.5.1. Brazil Macroeconomic Outlook
7.5.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.5.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.5.5.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.5.5.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.5.6. Argentina
7.5.6.1. Argentina Macroeconomic Outlook
7.5.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5.6.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.5.6.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.5.6.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.2. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.6.3. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.6.4. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.6.5. UAE
7.6.5.1. UAE Macroeconomic Outlook
7.6.5.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.5.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.6.5.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.6.5.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.6.6. Saudi Arabia
7.6.6.1. Saudi Arabia Macroeconomic Outlook
7.6.6.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.6.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.6.6.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.6.6.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
7.6.7. South Africa
7.6.7.1. South Africa Outlook
7.6.7.2. Market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6.7.3. Market estimates and forecasts by type, 2018 - 2030 (USD Billion)
7.6.7.4. Market estimates and forecasts by business, 2018 - 2030 (USD Billion)
7.6.7.5. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
Chapter 8. Elevator Market: Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Overview
8.5. Product Benchmarking
8.6. Company Market Positioning
8.7. Company Market Share Analysis, 2024
8.8. Company Heat Map Analysis, 2024
8.9. Strategy Mapping
8.10. Company Profiles
8.10.1. TK Elevator
8.10.1.1. Participant’s overview
8.10.1.2. Financial performance
8.10.1.3. Product benchmarking
8.10.1.4. Recent developments
8.10.2. Schindler
8.10.2.1. Participant’s overview
8.10.2.2. Financial performance
8.10.2.3. Product benchmarking
8.10.2.4. Recent developments
8.10.3. KONE Corporation
8.10.3.1. Participant’s overview
8.10.3.2. Financial performance
8.10.3.3. Product benchmarking
8.10.3.4. Recent developments
8.10.4. Hitachi Ltd.
8.10.4.1. Participant’s overview
8.10.4.2. Financial performance
8.10.4.3. Product benchmarking
8.10.4.4. Recent developments
8.10.5. HYUNDAIELEVATOR CO.,LTD.
8.10.5.1. Participant’s overview
8.10.5.2. Financial performance
8.10.5.3. Product benchmarking
8.10.5.4. Recent developments
8.10.6. Toshiba Group
8.10.6.1. Participant’s overview
8.10.6.2. Financial performance
8.10.6.3. Product benchmarking
8.10.6.4. Recent developments
8.10.7. FUJITEC CO., LTD.
8.10.7.1. Participant’s overview
8.10.7.2. Financial performance
8.10.7.3. Product benchmarking
8.10.7.4. Recent developments
8.10.8. Aritco Lift AB
8.10.8.1. Participant’s overview
8.10.8.2. Financial performance
8.10.8.3. Product benchmarking
8.10.8.4. Recent developments
8.10.9. EMAK
8.10.9.1. Participant’s overview
8.10.9.2. Financial performance
8.10.9.3. Product benchmarking
8.10.9.4. Recent developments
8.10.10. Sigma Elevator Company
8.10.10.1. Participant’s overview
8.10.10.2. Financial performance
8.10.10.4. Recent developments
8.10.11. Mitsubishi Electric Corporation
8.10.11.1. Participant’s overview
8.10.11.2. Financial performance
8.10.11.3. Product benchmarking
8.10.11.4. Recent developments
8.10.12. Schumacher Elevator Company
8.10.12.1. Participant’s overview
8.10.12.2. Financial performance
8.10.12.3. Product benchmarking
8.10.12.4. Recent developments
8.10.13. ESCON Elevators Pvt Limited
8.10.13.1. Participant’s overview
8.10.13.2. Financial performance
8.10.13.3. Product benchmarking
8.10.13.4. Recent developments
8.10.14. Electra Elevators
8.10.14.1. Participant’s overview
8.10.14.2. Financial performance
8.10.14.3. Product benchmarking
8.10.14.4. Recent developments
8.10.15. CANNY ELEVATOR CO.,LTD.
8.10.15.1. Participant’s overview
8.10.15.2. Financial performance
8.10.15.3. Product benchmarking
8.10.15.4. Recent developments
List of Tables
Table 1 Elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 2 Elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 3 Elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 4 Elevator market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
Table 5 North America elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 6 North America elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 7 North America elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 8 U.S Macroeconomic Outlay
Table 9 U.S elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 10 U.S elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 11 U.S elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 12 Canada Macroeconomic Outlay
Table 13 Canada elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 14 Canada elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 15 Canada elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 16 Mexico Macroeconomic Outlay
Table 17 Mexico elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 18 Mexico elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 19 Mexico elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 20 Europe elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 21 Europe elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 22 Europe elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 23 UK Macroeconomic Outlay
Table 24 UK elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 25 UK elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 26 UK elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 27 Germany Macroeconomic Outlay
Table 28 Germany elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 29 Germany elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 30 Germany elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 31 France Macroeconomic Outlay
Table 32 France elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 33 France elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 34 France elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 35 Italy Macroeconomic Outlay
Table 36 Italy elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 37 Italy elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 38 Italy elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 39 Spain Macroeconomic Outlay
Table 40 Spain elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 41 Spain elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 42 Spain elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 43 Asia Pacific elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 44 Asia Pacific elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 45 Asia Pacific elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 46 China Macroeconomic Outlay
Table 47 China elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 48 China elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 49 China elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 50 India Macroeconomic Outlay
Table 51 India elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 52 India elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 53 India elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 54 Japan Macroeconomic Outlay
Table 55 Japan elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 56 Japan elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 57 Japan elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 58 Australia Macroeconomic Outlay
Table 59 Australia elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 60 Australia elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 61 Australia elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 62 Indonesia Macroeconomic Outlay
Table 63 Indonesia elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 64 Indonesia elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 65 Indonesia elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 66 Latin America elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 67 Malaysia Macroeconomic Outlay
Table 68 Malaysia elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 69 Malaysia elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 70 Malaysia elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 71 Latin America elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 72 Brazil Macroeconomic Outlay
Table 73 Brazil elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 74 Brazil elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 75 Brazil elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 76 Argentina Macroeconomic Outlay
Table 77 Argentina elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 78 Argentina elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 79 Argentina elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 80 Middle East & Africa elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 81 Middle East & Africa elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 82 Middle East & Africa elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 83 Saudi Arabia Macroeconomic Outlay
Table 84 Saudi Arabia elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 85 Saudi Arabia elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 86 Saudi Arabia elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 87 UAE Macroeconomic Outlay
Table 88 UAE elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 89 UAE elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 90 UAE elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
Table 91 South Africa Macroeconomic Outlay
Table 92 South Africa elevator market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
Table 93 South Africa elevator market estimates and forecasts, by business, 2018 - 2030 (USD Billion)
Table 94 South Africa elevator market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Concentration and Growth Prospect Mapping
Fig. 10 Value Chain Analysis
Fig. 11 Market Dynamics
Fig. 12 Elevator Market PORTER’s Analysis
Fig. 13 Elevator Market PESTEL Analysis
Fig. 14 Elevator Market, By Type: Key Takeaways
Fig. 15 Elevator Market: Type Movement Analysis & Market Share, 2024 & 2030
Fig. 16 Elevator Market Estimates & Forecasts, By Hydraulic, 2018 - 2030 (USD Billion)
Fig. 17 Elevator Market Estimates & Forecasts, By Traction, 2018 - 2030 (USD Billion)
Fig. 18 Elevator Market Estimates & Forecasts, By Machine Room-Less Traction, 2018 - 2030 (USD Billion)
Fig. 19 Elevator Market Estimates & Forecasts, By Other Type, 2018 - 2030 (USD Billion)
Fig. 20 Elevator Market, By Business: Key Takeaways
Fig. 21 Elevator Market: Business Movement Analysis & Market Share, 2024 & 2030
Fig. 22 Elevator Market Estimates & Forecasts, By New Equipment, 2018 - 2030 (USD Billion)
Fig. 23 Elevator Market Estimates & Forecasts, By Maintenance, 2018 - 2030 (USD Billion)
Fig. 24 Elevator Market Estimates & Forecasts, By Modernization, 2018 - 2030 (USD Billion)
Fig. 25 Elevator Market, By Application: Key Takeaways
Fig. 26 Elevator Market: Application Movement Analysis & Market Share, 2024 & 2030
Fig. 27 Elevator Market Estimates & Forecasts, By Residential, 2018 - 2030 (USD Billion)
Fig. 28 Elevator Market Estimates & Forecasts, By Commercial, 2018 - 2030 (USD Billion)
Fig. 29 Elevator Market Estimates & Forecasts, By Industrial, 2018 - 2030 (USD Billion)
Fig. 30 Region Marketplace: Key Takeaways
Fig. 31 North America Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 32 North America Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 33 North America Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 34 North America Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 35 U.S. Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 36 U.S. Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 37 U.S. Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 38 U.S. Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 39 Canada Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Canada Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 41 Canada Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 42 Canada Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 43 Mexico Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 44 Mexico Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 45 Mexico Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 46 Mexico Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 47 Europe Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 48 Europe Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 49 Europe Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 50 Europe Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 51 UK Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 52 UK Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 53 UK Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 54 UK Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 55 Germany Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 56 Germany Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 57 Germany Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 58 Germany Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 59 France Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 60 France Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 61 France Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 62 France Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 63 Italy Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 64 Italy Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 65 Italy Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 66 Italy Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 67 Spain Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 68 Spain Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 69 Spain Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 70 Spain Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 71 Asia Pacific Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 72 Asia Pacific Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 73 Asia Pacific Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 74 Asia Pacific Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 75 China Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 76 China Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 77 China Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 78 China Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 79 India Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 80 India Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 81 India Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 82 India Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 83 Japan Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 84 Japan Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 85 Japan Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 86 Japan Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 87 Australia Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 88 Australia Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 89 Australia Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 90 Australia Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 91 South Korea Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 92 South Korea Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 93 South Korea Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 94 South Korea Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 95 Indonesia Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 96 Indonesia Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 97 Indonesia Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 98 Indonesia Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 99 Malaysia Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 100 Malaysia Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 101 Malaysia Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 102 Malaysia Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 103 Latin America Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 104 Latin America Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 105 Latin America Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 106 Latin America Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 107 Brazil Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 108 Brazil Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 109 Brazil Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 110 Brazil Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 111 Argentina Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 112 Argentina Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 113 Argentina Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 114 Argentina Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 115 Middle East & Africa Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 116 Middle East & Africa Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 117 Middle East & Africa Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 118 Middle East & Africa Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 119 Saudi Arabia Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 120 Saudi Arabia Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 121 Saudi Arabia Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 122 Saudi Arabia Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 123 UAE Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 124 UAE Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 125 UAE Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 126 UAE Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 127 South Africa Elevator Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 128 South Africa Elevator Market Estimates & Forecasts, by Business, 2018 - 2030 (USD Billion)
Fig. 129 South Africa Elevator Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Billion)
Fig. 130 South Africa Elevator Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
Fig. 131 Key Company/Competition Categorization
Fig. 132 Competitive Dashboard Analysis
Fig. 133 Company Market Positioning
Fig. 134 Company Market Share Analysis, 2024
Fig. 135 Strategic Framework

Companies Mentioned

  • TK Elevator
  • Schindler
  • KONE Corporation
  • Hitachi Ltd.
  • HYUNDAIELEVATOR CO.,LTD.
  • Mitsubishi Electric Corporation
  • Toshiba Group
  • FUJITEC CO., LTD.
  • Aritco Lift AB
  • EMAK
  • Sigma Elevator Company
  • Schumacher Elevator Company
  • ESCON Elevators Pvt Limited
  • Electra Elevators
  • CANNY ELEVATOR CO, LTD.

Methodology

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Table Information

Report AttributeDetails
No. of Pages152
PublishedOctober 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 79.06 Billion
Forecasted Market Value ( USD ) by 2030 $ 116.14 Billion
Compound Annual Growth Rate6.7%
Regions CoveredGlobal
No. of Companies Mentioned15

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