Market Overview
According to DIResearch＇s in-depth investigation and research, the global Passenger Elevators market size will reach 45,029 Million USD in 2025 and is projected to reach 60,624 Million USD by 2032, with a CAGR of 4.34% (2025-2032). Notably, the China Passenger Elevators market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Passenger elevators are vertical transportation systems designed to carry people and goods between different floors or levels of buildings. They consist of an enclosed cabin that moves vertically within a shaft, propelled by an electric motor and controlled by an operating panel or computer system. Passenger elevators are a fundamental feature in multi-story structures, from office buildings and residential complexes to shopping malls and hospitals, providing convenient and efficient vertical transportation for occupants. They are equipped with various safety mechanisms, such as emergency brakes and backup power systems, to ensure safe and reliable operation. Modern passenger elevators often come with advanced features like energy-efficient technology, destination control systems, and digital displays, enhancing convenience and optimizing the flow of people within buildings.
The major global manufacturers of Passenger Elevators include Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, Hyundai, Yungtay Engineering, Canny Elevator, Volkslift, Syney Elevator, SJEC, Guangri Elevator, Hangzhou XiOlift, Edunburgh Elevator, Suzhou Diao, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Passenger Elevators. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Passenger Elevators market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Passenger Elevators market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Passenger Elevators industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Passenger Elevators Include:
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao
Passenger Elevators Product Segment Include:
Elevator
EscalatorMoving Walkway
Passenger Elevators Product Application Include:
Residential Area
Commercial OfficeTransportation HubIndustrial Area
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Passenger Elevators Industry PESTEL Analysis
Chapter 3: Global Passenger Elevators Industry Porter's Five Forces Analysis
Chapter 4: Global Passenger Elevators Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Passenger Elevators Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Passenger Elevators Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Passenger Elevators Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
- 1 Passenger Elevators Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Passenger Elevators Product by Type
- 1.2.1 Elevator
- 1.2.2 EscalatorMoving Walkway
- 1.3 Passenger Elevators Product by Application
- 1.3.1 Residential Area
- 1.3.2 Commercial OfficeTransportation HubIndustrial Area
- 1.4 Global Passenger Elevators Market Revenue and Sales Analysis
- 1.4.1 Global Passenger Elevators Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Passenger Elevators Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Passenger Elevators Market Sales Price Trend Analysis (2020-2032)
- 1.5 Passenger Elevators Market Development Status and Trends
- 1.5.1 Passenger Elevators Industry Development Status Analysis
- 1.5.2 Passenger Elevators Industry Development Trends Analysis
- 2 Passenger Elevators Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Passenger Elevators Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Passenger Elevators Market Analysis by Country
- 4.1 Global Passenger Elevators Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Passenger Elevators Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Passenger Elevators Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Passenger Elevators Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Passenger Elevators Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Passenger Elevators Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Passenger Elevators Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Passenger Elevators Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Passenger Elevators Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Passenger Elevators Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Passenger Elevators Average Sales Price by Manufacturers (2021-2025)
- 5.2 Passenger Elevators Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Passenger Elevators Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Passenger Elevators Market Analysis by Type
- 6.1 Global Passenger Elevators Market Revenue Analysis by Type
- 6.1.1 Global Passenger Elevators Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Passenger Elevators Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Passenger Elevators Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Passenger Elevators Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Otis
- 7.1.1 Otis Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Otis Passenger Elevators Product Portfolio
- 7.1.3 Otis Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Schindler Group
- 7.2.1 Schindler Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Schindler Group Passenger Elevators Product Portfolio
- 7.2.3 Schindler Group Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 ThyssenKrupp
- 7.3.1 ThyssenKrupp Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 ThyssenKrupp Passenger Elevators Product Portfolio
- 7.3.3 ThyssenKrupp Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Kone
- 7.4.1 Kone Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Kone Passenger Elevators Product Portfolio
- 7.4.3 Kone Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Mitsubishi Electric
- 7.5.1 Mitsubishi Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Mitsubishi Electric Passenger Elevators Product Portfolio
- 7.5.3 Mitsubishi Electric Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Toshiba
- 7.6.1 Toshiba Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Toshiba Passenger Elevators Product Portfolio
- 7.6.3 Toshiba Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Hitachi
- 7.7.1 Hitachi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Hitachi Passenger Elevators Product Portfolio
- 7.7.3 Hitachi Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Fujitec
- 7.8.1 Fujitec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Fujitec Passenger Elevators Product Portfolio
- 7.8.3 Fujitec Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Hyundai
- 7.9.1 Hyundai Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Hyundai Passenger Elevators Product Portfolio
- 7.9.3 Hyundai Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Yungtay Engineering
- 7.10.1 Yungtay Engineering Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Yungtay Engineering Passenger Elevators Product Portfolio
- 7.10.3 Yungtay Engineering Passenger Elevators Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Canny Elevator
- 7.11.1 Canny Elevator Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Canny Elevat
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