Passenger And Cargo Elevators Global Market Report 2025

Published Sep 19, 2025

Length 250 Pages

SKU # BRC20412318

Description

Passenger And Cargo Elevators Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on passenger and cargo elevators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, post-pandemic supply chain realignment, inflation and interest rate fluctuations, and evolving regulatory landscapes.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Description:

Where is the largest and fastest growing market for passenger and cargo elevators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The passenger and cargo elevators market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Passenger Elevators; Cargo Elevators

2) By Technology: Hydraulic; Traction; Machine Room-Less

3) By Capacity: Low; Medium; High

4) By End-User: Residential Buildings; Commercial Buildings; Industrial Plants; Other End-Users

Subsegments:

1) By Passenger Elevators: Hydraulic Elevators; Traction Elevators; Machine Room-Less (MRL) Elevators; Pneumatic Elevators; Residential Elevators; Commercial Elevators; Hospital Elevators; Capsule And Scenic Elevators

2) By Cargo Elevators: Hydraulic Cargo Elevators; Traction Cargo Elevators; Freight Elevators; Dumbwaiters; Industrial Goods Lifts; Vehicle Elevators; Explosion-Proof Elevators; Heavy-Duty Elevators

Companies Mentioned: Hitachi Ltd.; Hainan Midea Building Technologies Co. Ltd.; Thyssenkrupp AG; Mitsubishi Electric Corporation; Otis Elevator Company; Schindler Group; KONE Corporation; Hyundai Elevator Co. Ltd.; Guangri Elevator Industry Co. Ltd.; Canny Elevator Co. Ltd.; Savaria Corporation; Orona Sociedad Cooperativa; Kleemann Hellas S.A.; Stannah Lifts Holdings Ltd.; Zhejiang Meilun Elevator Co. Ltd.; Fujitec Co. Ltd.; Mowrey Elevator Company Inc.; GMV S.p.A.; IFE Elevators Co. Ltd.; Hangzhou Xiolift Elevator Co. Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.

1. Executive Summary
2. Passenger And Cargo Elevators Market Characteristics
3. Passenger And Cargo Elevators Market Trends And Strategies
4. Passenger And Cargo Elevators Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market: 4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Passenger And Cargo Elevators Growth Analysis And Strategic Analysis Framework: 5.1. Global Passenger And Cargo Elevators PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints); 5.2. Analysis Of End Use Industries; 5.3. Global Passenger And Cargo Elevators Market Growth Rate Analysis; 5.4. Global Passenger And Cargo Elevators Historic Market Size and Growth, 2019 - 2024, Value ($ Billion); 5.5. Global Passenger And Cargo Elevators Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion); 5.6. Global Passenger And Cargo Elevators Total Addressable Market (TAM)
6. Passenger And Cargo Elevators Market Segmentation: 6.1. Global Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Passenger Elevators; Cargo Elevators; 6.2. Global Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Hydraulic; Traction; Machine Room-Less; 6.3. Global Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Low; Medium; High; 6.4. Global Passenger And Cargo Elevators Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Residential Buildings; Commercial Buildings; Industrial Plants; Other End-Users; 6.5. Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Passenger Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Hydraulic Elevators; Traction Elevators; Machine Room-Less (MRL) Elevators; Pneumatic Elevators; Residential Elevators; Commercial Elevators; Hospital Elevators; Capsule And Scenic Elevators; 6.6. Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Cargo Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; Hydraulic Cargo Elevators; Traction Cargo Elevators; Freight Elevators; Dumbwaiters; Industrial Goods Lifts; Vehicle Elevators; Explosion-Proof Elevators; Heavy-Duty Elevators
7. Passenger And Cargo Elevators Market Regional And Country Analysis: 7.1. Global Passenger And Cargo Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 7.2. Global Passenger And Cargo Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Passenger And Cargo Elevators Market: 8.1. Asia-Pacific Passenger And Cargo Elevators Market Overview; Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies; 8.2. Asia-Pacific Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 8.3. Asia-Pacific Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 8.4. Asia-Pacific Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Passenger And Cargo Elevators Market: 9.1. China Passenger And Cargo Elevators Market Overview; 9.2. China Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion; 9.3. China Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion; 9.4. China Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Passenger And Cargo Elevators Market: 10.1. India Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 10.2. India Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 10.3. India Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Passenger And Cargo Elevators Market: 11.1. Japan Passenger And Cargo Elevators Market Overview; 11.2. Japan Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 11.3. Japan Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 11.4. Japan Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Passenger And Cargo Elevators Market: 12.1. Australia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 12.2. Australia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 12.3. Australia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Passenger And Cargo Elevators Market: 13.1. Indonesia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 13.2. Indonesia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 13.3. Indonesia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Passenger And Cargo Elevators Market: 14.1. South Korea Passenger And Cargo Elevators Market Overview; 14.2. South Korea Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 14.3. South Korea Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 14.4. South Korea Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Passenger And Cargo Elevators Market: 15.1. Western Europe Passenger And Cargo Elevators Market Overview; 15.2. Western Europe Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 15.3. Western Europe Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 15.4. Western Europe Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Passenger And Cargo Elevators Market: 16.1. UK Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 16.2. UK Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 16.3. UK Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Passenger And Cargo Elevators Market: 17.1. Germany Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 17.2. Germany Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 17.3. Germany Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Passenger And Cargo Elevators Market: 18.1. France Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 18.2. France Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 18.3. France Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Passenger And Cargo Elevators Market: 19.1. Italy Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 19.2. Italy Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 19.3. Italy Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Passenger And Cargo Elevators Market: 20.1. Spain Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 20.2. Spain Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 20.3. Spain Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Passenger And Cargo Elevators Market: 21.1. Eastern Europe Passenger And Cargo Elevators Market Overview; 21.2. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 21.3. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 21.4. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Passenger And Cargo Elevators Market: 22.1. Russia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 22.2. Russia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 22.3. Russia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Passenger And Cargo Elevators Market: 23.1. North America Passenger And Cargo Elevators Market Overview; 23.2. North America Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 23.3. North America Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 23.4. North America Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Passenger And Cargo Elevators Market: 24.1. USA Passenger And Cargo Elevators Market Overview; 24.2. USA Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 24.3. USA Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 24.4. USA Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Passenger And Cargo Elevators Market: 25.1. Canada Passenger And Cargo Elevators Market Overview; 25.2. Canada Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 25.3. Canada Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 25.4. Canada Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Passenger And Cargo Elevators Market: 26.1. South America Passenger And Cargo Elevators Market Overview; 26.2. South America Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 26.3. South America Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 26.4. South America Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Passenger And Cargo Elevators Market: 27.1. Brazil Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 27.2. Brazil Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 27.3. Brazil Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Passenger And Cargo Elevators Market: 28.1. Middle East Passenger And Cargo Elevators Market Overview; 28.2. Middle East Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 28.3. Middle East Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 28.4. Middle East Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Passenger And Cargo Elevators Market: 29.1. Africa Passenger And Cargo Elevators Market Overview; 29.2. Africa Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 29.3. Africa Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion; 29.4. Africa Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Passenger And Cargo Elevators Market Competitive Landscape And Company Profiles: 30.1. Passenger And Cargo Elevators Market Competitive Landscape; 30.2. Passenger And Cargo Elevators Market Company Profiles; 30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis; 30.2.2. Hainan Midea Building Technologies Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis; 30.2.3. Thyssenkrupp AG Overview, Products and Services, Strategy and Financial Analysis; 30.2.4. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis; 30.2.5. Otis Elevator Company Overview, Products and Services, Strategy and Financial Analysis
31. Passenger And Cargo Elevators Market Other Major And Innovative Companies: 31.1. Schindler Group; 31.2. KONE Corporation; 31.3. Hyundai Elevator Co. Ltd.; 31.4. Guangri Elevator Industry Co. Ltd.; 31.5. Canny Elevator Co. Ltd.; 31.6. Savaria Corporation; 31.7. Orona Sociedad Cooperativa; 31.8. Kleemann Hellas S.A.; 31.9. Stannah Lifts Holdings Ltd.; 31.10. Zhejiang Meilun Elevator Co. Ltd.; 31.11. Fujitec Co. Ltd.; 31.12. Mowrey Elevator Company Inc.; 31.13. GMV S.p.A.; 31.14. IFE Elevators Co. Ltd.; 31.15. Hangzhou Xiolift Elevator Co. Ltd.
32. Global Passenger And Cargo Elevators Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Passenger And Cargo Elevators Market
34. Recent Developments In The Passenger And Cargo Elevators Market
35. Passenger And Cargo Elevators Market High Potential Countries, Segments and Strategies: 35.1 Passenger And Cargo Elevators Market In 2029 - Countries Offering Most New Opportunities; 35.2 Passenger And Cargo Elevators Market In 2029 - Segments Offering Most New Opportunities; 35.3 Passenger And Cargo Elevators Market In 2029 - Growth Strategies; 35.3.1 Market Trend Based Strategies; 35.3.2 Competitor Strategies
36. Appendix: 36.1. Abbreviations; 36.2. Currencies; 36.3. Historic And Forecast Inflation Rates; 36.4. Research Inquiries; 36.5. The Business Research Company; 36.6. Copyright And Disclaimer

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