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

Publisher Bosson Research
Published Aug 02, 2025
Length 161 Pages
SKU # BOSS20300717

Description

Report Overview

The traction elevator market is a critical segment of the vertical transportation industry, characterized by elevators that utilize steel ropes or belts and counterweights to move the cab, driven by an electric motor. These systems are widely adopted in mid-to-high-rise buildings due to their efficiency, speed, and reliability, making them a preferred choice for commercial, residential, and mixed-use developments. The market is driven by urbanization, increasing construction of high-rise buildings, and advancements in smart elevator technologies that enhance energy efficiency and safety. Key players focus on innovation, such as regenerative drives and IoT-enabled predictive maintenance, while regulatory standards and sustainability concerns shape product development. Demand is particularly strong in rapidly urbanizing regions like Asia-Pacific, though mature markets in North America and Europe emphasize modernization and retrofitting of existing systems. Challenges include high installation costs and competition from alternative solutions like hydraulic elevators in low-rise applications.

The global Traction Elevators market size was estimated at USD 18612.07 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.33% during the forecast period.

This report provides a deep insight into the global Traction 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 Traction 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 Traction Elevators market in any manner.

Global Traction 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

Schumacher

Schindler

Delaware Elevator

Delta

Kone

Otis Elevator Company

ESCON

Thyssenkrupp

Global Tardif

AAlliance Lifts (AAL)

Oscan Elevators

Fujitec

Garaventa

Savaria

Florlift of New Jersey

MEI

Mitsubishi

Waupaca

Market Segmentation (by Type)

Geared Traction Elevators

Gearless Traction Elevators

Market Segmentation (by Application)

Residential

Commercial

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 Traction Elevators Market

Overview of the regional outlook of the Traction 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 Traction 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 Traction 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

161 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Traction Elevators
1.2 Key Market Segments
1.2.1 Traction Elevators Segment By Type
1.2.2 Traction 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 Traction Elevators Market Overview
2.1 Global Market Overview
2.1.1 Global Traction Elevators Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Traction Elevators Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Traction Elevators Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Traction Elevators Product Life Cycle
3.3 Global Traction Elevators Sales By Manufacturers (2020-2025)
3.4 Global Traction Elevators Revenue Market Share By Manufacturers (2020-2025)
3.5 Traction Elevators Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Traction Elevators Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Traction Elevators Market Competitive Situation And Trends
3.8.1 Traction Elevators Market Concentration Rate
3.8.2 Global 5 And 10 Largest Traction Elevators Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Traction Elevators Industry Chain Analysis
4.1 Traction 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 Traction 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 Traction 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 Traction Elevators Market
5.7 Esg Ratings Of Leading Companies
6 Traction Elevators Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Traction Elevators Sales Market Share By Type (2020-2025)
6.3 Global Traction Elevators Market Size Market Share By Type (2020-2025)
6.4 Global Traction Elevators Price By Type (2020-2025)
7 Traction Elevators Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Traction Elevators Market Sales By Application (2020-2025)
7.3 Global Traction Elevators Market Size (M Usd) By Application (2020-2025)
7.4 Global Traction Elevators Sales Growth Rate By Application (2020-2025)
8 Traction Elevators Market Sales By Region
8.1 Global Traction Elevators Sales By Region
8.1.1 Global Traction Elevators Sales By Region
8.1.2 Global Traction Elevators Sales Market Share By Region
8.2 Global Traction Elevators Market Size By Region
8.2.1 Global Traction Elevators Market Size By Region
8.2.2 Global Traction Elevators Market Size Market Share By Region
8.3 North America
8.3.1 North America Traction Elevators Sales By Country
8.3.2 North America Traction 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 Traction Elevators Sales By Country
8.4.2 Europe Traction 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 Traction Elevators Sales By Region
8.5.2 Asia Pacific Traction 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 Traction Elevators Sales By Country
8.6.2 South America Traction 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 Traction Elevators Sales By Region
8.7.2 Middle East And Africa Traction 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 Traction Elevators Market Production By Region
9.1 Global Production Of Traction Elevators By Region(2020-2025)
9.2 Global Traction Elevators Revenue Market Share By Region (2020-2025)
9.3 Global Traction Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Traction Elevators Production
9.4.1 North America Traction Elevators Production Growth Rate (2020-2025)
9.4.2 North America Traction Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Traction Elevators Production
9.5.1 Europe Traction Elevators Production Growth Rate (2020-2025)
9.5.2 Europe Traction Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Traction Elevators Production (2020-2025)
9.6.1 Japan Traction Elevators Production Growth Rate (2020-2025)
9.6.2 Japan Traction Elevators Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Traction Elevators Production (2020-2025)
9.7.1 China Traction Elevators Production Growth Rate (2020-2025)
9.7.2 China Traction Elevators Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Schumacher
10.1.1 Schumacher Basic Information
10.1.2 Schumacher Traction Elevators Product Overview
10.1.3 Schumacher Traction Elevators Product Market Performance
10.1.4 Schumacher Business Overview
10.1.5 Schumacher Swot Analysis
10.1.6 Schumacher Recent Developments
10.2 Schindler
10.2.1 Schindler Basic Information
10.2.2 Schindler Traction Elevators Product Overview
10.2.3 Schindler Traction Elevators Product Market Performance
10.2.4 Schindler Business Overview
10.2.5 Schindler Swot Analysis
10.2.6 Schindler Recent Developments
10.3 Delaware Elevator
10.3.1 Delaware Elevator Basic Information
10.3.2 Delaware Elevator Traction Elevators Product Overview
10.3.3 Delaware Elevator Traction Elevators Product Market Performance
10.3.4 Delaware Elevator Business Overview
10.3.5 Delaware Elevator Swot Analysis
10.3.6 Delaware Elevator Recent Developments
10.4 Delta
10.4.1 Delta Basic Information
10.4.2 Delta Traction Elevators Product Overview
10.4.3 Delta Traction Elevators Product Market Performance
10.4.4 Delta Business Overview
10.4.5 Delta Recent Developments
10.5 Kone
10.5.1 Kone Basic Information
10.5.2 Kone Traction Elevators Product Overview
10.5.3 Kone Traction Elevators Product Market Performance
10.5.4 Kone Business Overview
10.5.5 Kone Recent Developments
10.6 Otis Elevator Company
10.6.1 Otis Elevator Company Basic Information
10.6.2 Otis Elevator Company Traction Elevators Product Overview
10.6.3 Otis Elevator Company Traction Elevators Product Market Performance
10.6.4 Otis Elevator Company Business Overview
10.6.5 Otis Elevator Company Recent Developments
10.7 Escon
10.7.1 Escon Basic Information
10.7.2 Escon Traction Elevators Product Overview
10.7.3 Escon Traction Elevators Product Market Performance
10.7.4 Escon Business Overview
10.7.5 Escon Recent Developments
10.8 Thyssenkrupp
10.8.1 Thyssenkrupp Basic Information
10.8.2 Thyssenkrupp Traction Elevators Product Overview
10.8.3 Thyssenkrupp Traction Elevators Product Market Performance
10.8.4 Thyssenkrupp Business Overview
10.8.5 Thyssenkrupp Recent Developments
10.9 Global Tardif
10.9.1 Global Tardif Basic Information
10.9.2 Global Tardif Traction Elevators Product Overview
10.9.3 Global Tardif Traction Elevators Product Market Performance
10.9.4 Global Tardif Business Overview
10.9.5 Global Tardif Recent Developments
10.10 Aalliance Lifts (Aal)
10.10.1 Aalliance Lifts (Aal) Basic Information
10.10.2 Aalliance Lifts (Aal) Traction Elevators Product Overview
10.10.3 Aalliance Lifts (Aal) Traction Elevators Product Market Performance
10.10.4 Aalliance Lifts (Aal) Business Overview
10.10.5 Aalliance Lifts (Aal) Recent Developments
10.11 Oscan Elevators
10.11.1 Oscan Elevators Basic Information
10.11.2 Oscan Elevators Traction Elevators Product Overview
10.11.3 Oscan Elevators Traction Elevators Product Market Performance
10.11.4 Oscan Elevators Business Overview
10.11.5 Oscan Elevators Recent Developments
10.12 Fujitec
10.12.1 Fujitec Basic Information
10.12.2 Fujitec Traction Elevators Product Overview
10.12.3 Fujitec Traction Elevators Product Market Performance
10.12.4 Fujitec Business Overview
10.12.5 Fujitec Recent Developments
10.13 Garaventa
10.13.1 Garaventa Basic Information
10.13.2 Garaventa Traction Elevators Product Overview
10.13.3 Garaventa Traction Elevators Product Market Performance
10.13.4 Garaventa Business Overview
10.13.5 Garaventa Recent Developments
10.14 Savaria
10.14.1 Savaria Basic Information
10.14.2 Savaria Traction Elevators Product Overview
10.14.3 Savaria Traction Elevators Product Market Performance
10.14.4 Savaria Business Overview
10.14.5 Savaria Recent Developments
10.15 Florlift Of New Jersey
10.15.1 Florlift Of New Jersey Basic Information
10.15.2 Florlift Of New Jersey Traction Elevators Product Overview
10.15.3 Florlift Of New Jersey Traction Elevators Product Market Performance
10.15.4 Florlift Of New Jersey Business Overview
10.15.5 Florlift Of New Jersey Recent Developments
10.16 Mei
10.16.1 Mei Basic Information
10.16.2 Mei Traction Elevators Product Overview
10.16.3 Mei Traction Elevators Product Market Performance
10.16.4 Mei Business Overview
10.16.5 Mei Recent Developments
10.17 Mitsubishi
10.17.1 Mitsubishi Basic Information
10.17.2 Mitsubishi Traction Elevators Product Overview
10.17.3 Mitsubishi Traction Elevators Product Market Performance
10.17.4 Mitsubishi Business Overview
10.17.5 Mitsubishi Recent Developments
10.18 Waupaca
10.18.1 Waupaca Basic Information
10.18.2 Waupaca Traction Elevators Product Overview
10.18.3 Waupaca Traction Elevators Product Market Performance
10.18.4 Waupaca Business Overview
10.18.5 Waupaca Recent Developments
11 Traction Elevators Market Forecast By Region
11.1 Global Traction Elevators Market Size Forecast
11.2 Global Traction Elevators Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Traction Elevators Market Size Forecast By Country
11.2.3 Asia Pacific Traction Elevators Market Size Forecast By Region
11.2.4 South America Traction Elevators Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Traction Elevators By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Traction Elevators Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Traction Elevators By Type (2026-2033)
12.1.2 Global Traction Elevators Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Traction Elevators By Type (2026-2033)
12.2 Global Traction Elevators Market Forecast By Application (2026-2033)
12.2.1 Global Traction Elevators Sales (K Units) Forecast By Application
12.2.2 Global Traction Elevators Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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