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Global Passenger Elevators Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 02, 2025
Length 171 Pages
SKU # BOSS20300732

Description

Report Overview

The passenger elevator market encompasses vertical transportation systems designed primarily for moving people between floors in residential, commercial, and institutional buildings. These elevators are engineered for safety, efficiency, and comfort, incorporating features such as automated doors, load sensors, emergency controls, and energy-efficient motors. Modern passenger elevators also integrate advanced technologies like IoT-enabled monitoring, AI-based traffic management, and touchless controls to enhance user experience and operational reliability. The market is segmented by capacity (low, medium, high), speed (standard, high-speed), and deployment (new installations, modernization of existing systems), driven by urbanization, high-rise construction, and demand for smart buildings. Key players focus on innovation in materials, energy efficiency, and space optimization to meet evolving regulatory standards and sustainability goals. Emerging markets in Asia-Pacific and the Middle East, along with retrofitting projects in developed regions, contribute significantly to growth. Challenges include high installation costs and maintenance complexities, while opportunities lie in green building certifications and smart city initiatives.

The global Passenger Elevators market size was estimated at USD 44699.56 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.44% during the forecast period.

This report provides a deep insight into the global Passenger Elevators market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Passenger Elevators Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Passenger Elevators market in any manner.

Global Passenger Elevators Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key 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

Market Segmentation (by Type)

Elevator

Escalator

Moving Walkway

Market Segmentation (by Application)

Residential Area

Commercial Office

Transportation Hub

Industrial Area

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Passenger Elevators Market

Overview of the regional outlook of the Passenger Elevators Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 Passenger Elevators Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 shares the main producing countries of Passenger Elevators, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

171 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Passenger Elevators
1.2 Key Market Segments
1.2.1 Passenger Elevators Segment By Type
1.2.2 Passenger Elevators Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Passenger Elevators Market Overview
2.1 Global Market Overview
2.1.1 Global Passenger Elevators Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Passenger Elevators Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Passenger Elevators Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Passenger Elevators Product Life Cycle
3.3 Global Passenger Elevators Sales By Manufacturers (2020-2025)
3.4 Global Passenger Elevators Revenue Market Share By Manufacturers (2020-2025)
3.5 Passenger Elevators Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Passenger Elevators Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Passenger Elevators Market Competitive Situation And Trends
3.8.1 Passenger Elevators Market Concentration Rate
3.8.2 Global 5 And 10 Largest Passenger Elevators Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Passenger Elevators Industry Chain Analysis
4.1 Passenger Elevators Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Passenger Elevators Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Passenger Elevators Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Passenger Elevators Market
5.7 Esg Ratings Of Leading Companies
6 Passenger Elevators Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Passenger Elevators Sales Market Share By Type (2020-2025)
6.3 Global Passenger Elevators Market Size Market Share By Type (2020-2025)
6.4 Global Passenger Elevators Price By Type (2020-2025)
7 Passenger Elevators Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Passenger Elevators Market Sales By Application (2020-2025)
7.3 Global Passenger Elevators Market Size (M Usd) By Application (2020-2025)
7.4 Global Passenger Elevators Sales Growth Rate By Application (2020-2025)
8 Passenger Elevators Market Sales By Region
8.1 Global Passenger Elevators Sales By Region
8.1.1 Global Passenger Elevators Sales By Region
8.1.2 Global Passenger Elevators Sales Market Share By Region
8.2 Global Passenger Elevators Market Size By Region
8.2.1 Global Passenger Elevators Market Size By Region
8.2.2 Global Passenger Elevators Market Size Market Share By Region
8.3 North America
8.3.1 North America Passenger Elevators Sales By Country
8.3.2 North America Passenger Elevators Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Passenger Elevators Sales By Country
8.4.2 Europe Passenger Elevators Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Passenger Elevators Sales By Region
8.5.2 Asia Pacific Passenger Elevators Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Passenger Elevators Sales By Country
8.6.2 South America Passenger Elevators Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Passenger Elevators Sales By Region
8.7.2 Middle East And Africa Passenger Elevators Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Passenger Elevators Market Production By Region
9.1 Global Production Of Passenger Elevators By Region(2020-2025)
9.2 Global Passenger Elevators Revenue Market Share By Region (2020-2025)
9.3 Global Passenger Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Passenger Elevators Production
9.4.1 North America Passenger Elevators Production Growth Rate (2020-2025)
9.4.2 North America Passenger Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Passenger Elevators Production
9.5.1 Europe Passenger Elevators Production Growth Rate (2020-2025)
9.5.2 Europe Passenger Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Passenger Elevators Production (2020-2025)
9.6.1 Japan Passenger Elevators Production Growth Rate (2020-2025)
9.6.2 Japan Passenger Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Passenger Elevators Production (2020-2025)
9.7.1 China Passenger Elevators Production Growth Rate (2020-2025)
9.7.2 China Passenger Elevators Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Kone
10.1.1 Kone Basic Information
10.1.2 Kone Passenger Elevators Product Overview
10.1.3 Kone Passenger Elevators Product Market Performance
10.1.4 Kone Business Overview
10.1.5 Kone Swot Analysis
10.1.6 Kone Recent Developments
10.2 Otis
10.2.1 Otis Basic Information
10.2.2 Otis Passenger Elevators Product Overview
10.2.3 Otis Passenger Elevators Product Market Performance
10.2.4 Otis Business Overview
10.2.5 Otis Swot Analysis
10.2.6 Otis Recent Developments
10.3 Schindler
10.3.1 Schindler Basic Information
10.3.2 Schindler Passenger Elevators Product Overview
10.3.3 Schindler Passenger Elevators Product Market Performance
10.3.4 Schindler Business Overview
10.3.5 Schindler Swot Analysis
10.3.6 Schindler Recent Developments
10.4 Thyssenkrupp
10.4.1 Thyssenkrupp Basic Information
10.4.2 Thyssenkrupp Passenger Elevators Product Overview
10.4.3 Thyssenkrupp Passenger Elevators Product Market Performance
10.4.4 Thyssenkrupp Business Overview
10.4.5 Thyssenkrupp Recent Developments
10.5 Mitsubishi Electric
10.5.1 Mitsubishi Electric Basic Information
10.5.2 Mitsubishi Electric Passenger Elevators Product Overview
10.5.3 Mitsubishi Electric Passenger Elevators Product Market Performance
10.5.4 Mitsubishi Electric Business Overview
10.5.5 Mitsubishi Electric Recent Developments
10.6 Hitachi
10.6.1 Hitachi Basic Information
10.6.2 Hitachi Passenger Elevators Product Overview
10.6.3 Hitachi Passenger Elevators Product Market Performance
10.6.4 Hitachi Business Overview
10.6.5 Hitachi Recent Developments
10.7 Toshiba
10.7.1 Toshiba Basic Information
10.7.2 Toshiba Passenger Elevators Product Overview
10.7.3 Toshiba Passenger Elevators Product Market Performance
10.7.4 Toshiba Business Overview
10.7.5 Toshiba Recent Developments
10.8 Hyundai
10.8.1 Hyundai Basic Information
10.8.2 Hyundai Passenger Elevators Product Overview
10.8.3 Hyundai Passenger Elevators Product Market Performance
10.8.4 Hyundai Business Overview
10.8.5 Hyundai Recent Developments
10.9 Fujitec
10.9.1 Fujitec Basic Information
10.9.2 Fujitec Passenger Elevators Product Overview
10.9.3 Fujitec Passenger Elevators Product Market Performance
10.9.4 Fujitec Business Overview
10.9.5 Fujitec Recent Developments
10.10 Hangzhou Xiolift
10.10.1 Hangzhou Xiolift Basic Information
10.10.2 Hangzhou Xiolift Passenger Elevators Product Overview
10.10.3 Hangzhou Xiolift Passenger Elevators Product Market Performance
10.10.4 Hangzhou Xiolift Business Overview
10.10.5 Hangzhou Xiolift Recent Developments
10.11 Volkslift
10.11.1 Volkslift Basic Information
10.11.2 Volkslift Passenger Elevators Product Overview
10.11.3 Volkslift Passenger Elevators Product Market Performance
10.11.4 Volkslift Business Overview
10.11.5 Volkslift Recent Developments
10.12 Yungtay Engineering
10.12.1 Yungtay Engineering Basic Information
10.12.2 Yungtay Engineering Passenger Elevators Product Overview
10.12.3 Yungtay Engineering Passenger Elevators Product Market Performance
10.12.4 Yungtay Engineering Business Overview
10.12.5 Yungtay Engineering Recent Developments
10.13 Canny Elevator
10.13.1 Canny Elevator Basic Information
10.13.2 Canny Elevator Passenger Elevators Product Overview
10.13.3 Canny Elevator Passenger Elevators Product Market Performance
10.13.4 Canny Elevator Business Overview
10.13.5 Canny Elevator Recent Developments
10.14 Sjec
10.14.1 Sjec Basic Information
10.14.2 Sjec Passenger Elevators Product Overview
10.14.3 Sjec Passenger Elevators Product Market Performance
10.14.4 Sjec Business Overview
10.14.5 Sjec Recent Developments
10.15 Guangri Elevator
10.15.1 Guangri Elevator Basic Information
10.15.2 Guangri Elevator Passenger Elevators Product Overview
10.15.3 Guangri Elevator Passenger Elevators Product Market Performance
10.15.4 Guangri Elevator Business Overview
10.15.5 Guangri Elevator Recent Developments
10.16 Edunburgh Elevator
10.16.1 Edunburgh Elevator Basic Information
10.16.2 Edunburgh Elevator Passenger Elevators Product Overview
10.16.3 Edunburgh Elevator Passenger Elevators Product Market Performance
10.16.4 Edunburgh Elevator Business Overview
10.16.5 Edunburgh Elevator Recent Developments
10.17 Suzhou Diao
10.17.1 Suzhou Diao Basic Information
10.17.2 Suzhou Diao Passenger Elevators Product Overview
10.17.3 Suzhou Diao Passenger Elevators Product Market Performance
10.17.4 Suzhou Diao Business Overview
10.17.5 Suzhou Diao Recent Developments
10.18 Meilun Elevator
10.18.1 Meilun Elevator Basic Information
10.18.2 Meilun Elevator Passenger Elevators Product Overview
10.18.3 Meilun Elevator Passenger Elevators Product Market Performance
10.18.4 Meilun Elevator Business Overview
10.18.5 Meilun Elevator Recent Developments
10.19 Ife Elevators
10.19.1 Ife Elevators Basic Information
10.19.2 Ife Elevators Passenger Elevators Product Overview
10.19.3 Ife Elevators Passenger Elevators Product Market Performance
10.19.4 Ife Elevators Business Overview
10.19.5 Ife Elevators Recent Developments
10.20 Cnyd
10.20.1 Cnyd Basic Information
10.20.2 Cnyd Passenger Elevators Product Overview
10.20.3 Cnyd Passenger Elevators Product Market Performance
10.20.4 Cnyd Business Overview
10.20.5 Cnyd Recent Developments
10.21 Syney Elevator
10.21.1 Syney Elevator Basic Information
10.21.2 Syney Elevator Passenger Elevators Product Overview
10.21.3 Syney Elevator Passenger Elevators Product Market Performance
10.21.4 Syney Elevator Business Overview
10.21.5 Syney Elevator Recent Developments
10.22 Dongnan Elevator
10.22.1 Dongnan Elevator Basic Information
10.22.2 Dongnan Elevator Passenger Elevators Product Overview
10.22.3 Dongnan Elevator Passenger Elevators Product Market Performance
10.22.4 Dongnan Elevator Business Overview
10.22.5 Dongnan Elevator Recent Developments
11 Passenger Elevators Market Forecast By Region
11.1 Global Passenger Elevators Market Size Forecast
11.2 Global Passenger Elevators Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Passenger Elevators Market Size Forecast By Country
11.2.3 Asia Pacific Passenger Elevators Market Size Forecast By Region
11.2.4 South America Passenger Elevators Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Passenger Elevators By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Passenger Elevators Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Passenger Elevators By Type (2026-2033)
12.1.2 Global Passenger Elevators Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Passenger Elevators By Type (2026-2033)
12.2 Global Passenger Elevators Market Forecast By Application (2026-2033)
12.2.1 Global Passenger Elevators Sales (K Units) Forecast By Application
12.2.2 Global Passenger Elevators Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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