Global Elevator Component Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Elevator Component market size was valued at US$ 3726 million in 2024 and is forecast to a readjusted size of USD 5218 million by 2031 with a CAGR of 5.0% during review period.
Elevator Component refers to the various components and equipment that make up the elevator system. These components work together to ensure the normal operation of the elevator and the safety of passengers. These components include but are not limited to electric motors, control systems, door systems, guide rails, counterweight systems, safety systems, cars, etc. Each component plays a critical role in enabling the elevator to operate safely and efficiently.
Elevator components are a vital part of the elevator system, covering multiple key elements such as motors, control systems, door systems, wire ropes, cars, guide rails, brakes, etc. With the continuous advancement of global urbanization, the demand for elevators continues to grow. According to market research, the elevator component market has shown a rapid development trend, especially in Asia, where demand in emerging economies such as China and India continues to rise. The following is an analysis of the current status of the elevator component market and future development trends.
The growth of the global elevator market is mainly driven by factors such as urbanization, the prosperity of the construction industry, and an aging society. Elevators have become an indispensable equipment in modern buildings and are widely used in residential, commercial, public buildings, hospitals, shopping malls and other places. Globally, especially in emerging markets such as China and India, the demand for elevators has grown significantly. The construction industry in these countries continues to expand, and the installation volume of elevators has increased significantly. At the same time, building renovation and upgrading projects in developed countries such as Europe and the United States have also driven the demand for elevator components.
In terms of safety, with the complexity of the elevator use environment and the increase in building height, the safety standards and requirements for elevator components are becoming more and more stringent. Global safety regulations, such as international standards such as ISO, EN and ANSI, have prompted elevator component manufacturers to continuously improve the safety and reliability of their products. In addition, the rise of the green environmental protection trend has also made elevator component manufacturers gradually move towards energy saving, low carbon and sustainable development. For example, recyclable materials, energy-saving design and noise control technologies are used to reduce the energy consumption and environmental impact of elevators during operation.
This report is a detailed and comprehensive analysis for global Elevator Component market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Elevator Component market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator Component
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Elevator Component market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Otis, Kone, Schindler, Hangzhou XiOlift, Fujitec, Yungtay Engineering, SJEC, Avire Ltd (Halma plc.), Böhnke & Partner GmbH, Elevator Equipment Corporation (EECO), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Elevator Component market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Drive System
Control System
Counterweight System
Others
Market segment by Application
Elevators for Passengers
Elevators for Freight
Major players covered
Otis
Kone
Schindler
Hangzhou XiOlift
Fujitec
Yungtay Engineering
SJEC
Avire Ltd (Halma plc.)
Böhnke & Partner GmbH
Elevator Equipment Corporation (EECO)
Elevator Products Corporation
Fermator Group
GAL Manufacturing Corp.
Hans & Jos. Kronenberg GmbH
Hissmekano AB
Hydroware
Nidec Kinetek Elevator Technology (NKET)
Wittur Group
Eros Elevators
SEES Inc.
Quality Elevator Products:
ADAMS Elevator
Texacone
Delco Elevator Products
Mowrey Elevator Company
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator Component product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator Component, with price, sales quantity, revenue, and global market share of Elevator Component from 2020 to 2025.
Chapter 3, the Elevator Component competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator Component breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Elevator Component market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator Component.
Chapter 14 and 15, to describe Elevator Component sales channel, distributors, customers, research findings and conclusion.
Elevator Component refers to the various components and equipment that make up the elevator system. These components work together to ensure the normal operation of the elevator and the safety of passengers. These components include but are not limited to electric motors, control systems, door systems, guide rails, counterweight systems, safety systems, cars, etc. Each component plays a critical role in enabling the elevator to operate safely and efficiently.
Elevator components are a vital part of the elevator system, covering multiple key elements such as motors, control systems, door systems, wire ropes, cars, guide rails, brakes, etc. With the continuous advancement of global urbanization, the demand for elevators continues to grow. According to market research, the elevator component market has shown a rapid development trend, especially in Asia, where demand in emerging economies such as China and India continues to rise. The following is an analysis of the current status of the elevator component market and future development trends.
The growth of the global elevator market is mainly driven by factors such as urbanization, the prosperity of the construction industry, and an aging society. Elevators have become an indispensable equipment in modern buildings and are widely used in residential, commercial, public buildings, hospitals, shopping malls and other places. Globally, especially in emerging markets such as China and India, the demand for elevators has grown significantly. The construction industry in these countries continues to expand, and the installation volume of elevators has increased significantly. At the same time, building renovation and upgrading projects in developed countries such as Europe and the United States have also driven the demand for elevator components.
In terms of safety, with the complexity of the elevator use environment and the increase in building height, the safety standards and requirements for elevator components are becoming more and more stringent. Global safety regulations, such as international standards such as ISO, EN and ANSI, have prompted elevator component manufacturers to continuously improve the safety and reliability of their products. In addition, the rise of the green environmental protection trend has also made elevator component manufacturers gradually move towards energy saving, low carbon and sustainable development. For example, recyclable materials, energy-saving design and noise control technologies are used to reduce the energy consumption and environmental impact of elevators during operation.
This report is a detailed and comprehensive analysis for global Elevator Component market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Elevator Component market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator Component market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator Component
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Elevator Component market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Otis, Kone, Schindler, Hangzhou XiOlift, Fujitec, Yungtay Engineering, SJEC, Avire Ltd (Halma plc.), Böhnke & Partner GmbH, Elevator Equipment Corporation (EECO), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Elevator Component market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Drive System
Control System
Counterweight System
Others
Market segment by Application
Elevators for Passengers
Elevators for Freight
Major players covered
Otis
Kone
Schindler
Hangzhou XiOlift
Fujitec
Yungtay Engineering
SJEC
Avire Ltd (Halma plc.)
Böhnke & Partner GmbH
Elevator Equipment Corporation (EECO)
Elevator Products Corporation
Fermator Group
GAL Manufacturing Corp.
Hans & Jos. Kronenberg GmbH
Hissmekano AB
Hydroware
Nidec Kinetek Elevator Technology (NKET)
Wittur Group
Eros Elevators
SEES Inc.
Quality Elevator Products:
ADAMS Elevator
Texacone
Delco Elevator Products
Mowrey Elevator Company
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator Component product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator Component, with price, sales quantity, revenue, and global market share of Elevator Component from 2020 to 2025.
Chapter 3, the Elevator Component competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator Component breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Elevator Component market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator Component.
Chapter 14 and 15, to describe Elevator Component sales channel, distributors, customers, research findings and conclusion.
Table of Contents
161 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Elevator Component by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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