Global Elevator Speed Limiting Buffer Market Growth 2025-2031
Description
The global Elevator Speed Limiting Buffer market size is predicted to grow from US$ 417 million in 2025 to US$ 553 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
The elevator drop buffer is a safety device used in elevator systems to prevent serious damage to passengers and elevator equipment when the elevator falls or suddenly slides down. It absorbs the impact energy during the elevator fall, slows down the elevator's descent speed, and ensures that the elevator can stop safely in extreme situations. The elevator drop buffer is usually installed at the bottom of the elevator shaft or the bottom of the elevator car as an emergency brake device.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
The working principle of the elevator drop buffer is to use its internal elastic material, hydraulic system or mechanical structure to absorb the kinetic energy of the elevator when it falls. When an abnormal situation occurs in the elevator, the buffer will be quickly activated to slow down the elevator's descent speed and eventually stop safely, avoiding direct collision between the elevator and the bottom of the shaft and reducing damage to personnel and equipment.
At present, there are two major types of elevator speed limiters: one-way speed limiters (US$130-US$260) and two-way speed limiters (US$240-US$500). Under the major types, there are also electronic and mechanical types (currently mechanical is the mainstream, accounting for more than 75%, and the proportion of electronic types will gradually increase with the installation of new elevators). The product is applied in factories, office buildings, residential buildings, and some specific scenarios.
With the acceleration of urbanization, the demand for elevators has increased, bringing the elevator speed limiter market size to continue to grow. The market will be US$435 million in 2024, and the compound annual growth rate (CAGR) is expected to be between 6% and 8% in the next five years. The main production areas include Asia (China, Japan, South Korea), Europe (Germany, Switzerland, Italy, etc.) and the United States. Among them, China, as the world's largest production base, occupies a dominant position in the market. The consumer market is also concentrated in Asia, Europe and North America.
The production of elevator speed limiters mainly consists of speed limit wheels (generally aluminum alloy), shells (aluminum alloy), guide wheels (steel) and bearing seats (cast aluminum). The upstream of the industry relies on high-end equipment such as precision CNC machine tools, laser cutting machines, stamping machines, welding equipment, spraying/electroplating equipment and automated assembly lines.
Downstream, with the continuous upgrading of elevator safety standards, policy promotion and industry demand growth, the use of elevator speed limiters has been promoted. The main development in the past three years has shown an N-shaped trend. One of the main inhibitory factors is the slowdown in China's real estate development (decline in completed area) and infrastructure development (reduction in infrastructure expenditure and engineering volume), which has suppressed the demand for speed limiters. The main growth point driven by future policies is the mandatory scrapping and maintenance of elevators and the installation of elevators in old buildings. These two factors may become a major development direction in the future.
In the future, intelligence, energy saving and environmental protection and higher safety standards will become the main development trend of elevator speed limiters. Domestic substitution has gradually started since 2000. As of 2024, it currently occupies a larger share in the global market, exceeding 45%, of which exports account for a small proportion, about 8% of the total domestic exports. With the current unstable tariff factors, exports may be affected. Considering that the export volume is relatively small, some domestic policies may be introduced to digest this part of the export volume.
LP Information, Inc. (LPI) ' newest research report, the “Elevator Speed Limiting Buffer Industry Forecast” looks at past sales and reviews total world Elevator Speed Limiting Buffer sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Speed Limiting Buffer sales for 2025 through 2031. With Elevator Speed Limiting Buffer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Speed Limiting Buffer industry.
This Insight Report provides a comprehensive analysis of the global Elevator Speed Limiting Buffer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Speed Limiting Buffer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Speed Limiting Buffer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Speed Limiting Buffer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Speed Limiting Buffer.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Speed Limiting Buffer market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Spring Buffers
Hydraulic Buffers
Segmentation by Application:
Shopping Mall
Factory
Family
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
OLEO
Vantage
Aspar Elevator
WITTUR
PFB
Atwell International
Liftequip
LIFT SOLUTIONS
Lift Tech Engineers
DELCO
EECO
Hydronic Lift
BSB Elevator
Henning
Huning Elevator
Dongfangfuda
Ningbo Aodepu
Shanghai Letian Elevator
Shenling Holding Group
Neoteric
Suzhou Hitech
VALIN PRECISION
Suzhou Cjac
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator Speed Limiting Buffer market?
What factors are driving Elevator Speed Limiting Buffer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator Speed Limiting Buffer market opportunities vary by end market size?
How does Elevator Speed Limiting Buffer break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
The elevator drop buffer is a safety device used in elevator systems to prevent serious damage to passengers and elevator equipment when the elevator falls or suddenly slides down. It absorbs the impact energy during the elevator fall, slows down the elevator's descent speed, and ensures that the elevator can stop safely in extreme situations. The elevator drop buffer is usually installed at the bottom of the elevator shaft or the bottom of the elevator car as an emergency brake device.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
The working principle of the elevator drop buffer is to use its internal elastic material, hydraulic system or mechanical structure to absorb the kinetic energy of the elevator when it falls. When an abnormal situation occurs in the elevator, the buffer will be quickly activated to slow down the elevator's descent speed and eventually stop safely, avoiding direct collision between the elevator and the bottom of the shaft and reducing damage to personnel and equipment.
At present, there are two major types of elevator speed limiters: one-way speed limiters (US$130-US$260) and two-way speed limiters (US$240-US$500). Under the major types, there are also electronic and mechanical types (currently mechanical is the mainstream, accounting for more than 75%, and the proportion of electronic types will gradually increase with the installation of new elevators). The product is applied in factories, office buildings, residential buildings, and some specific scenarios.
With the acceleration of urbanization, the demand for elevators has increased, bringing the elevator speed limiter market size to continue to grow. The market will be US$435 million in 2024, and the compound annual growth rate (CAGR) is expected to be between 6% and 8% in the next five years. The main production areas include Asia (China, Japan, South Korea), Europe (Germany, Switzerland, Italy, etc.) and the United States. Among them, China, as the world's largest production base, occupies a dominant position in the market. The consumer market is also concentrated in Asia, Europe and North America.
The production of elevator speed limiters mainly consists of speed limit wheels (generally aluminum alloy), shells (aluminum alloy), guide wheels (steel) and bearing seats (cast aluminum). The upstream of the industry relies on high-end equipment such as precision CNC machine tools, laser cutting machines, stamping machines, welding equipment, spraying/electroplating equipment and automated assembly lines.
Downstream, with the continuous upgrading of elevator safety standards, policy promotion and industry demand growth, the use of elevator speed limiters has been promoted. The main development in the past three years has shown an N-shaped trend. One of the main inhibitory factors is the slowdown in China's real estate development (decline in completed area) and infrastructure development (reduction in infrastructure expenditure and engineering volume), which has suppressed the demand for speed limiters. The main growth point driven by future policies is the mandatory scrapping and maintenance of elevators and the installation of elevators in old buildings. These two factors may become a major development direction in the future.
In the future, intelligence, energy saving and environmental protection and higher safety standards will become the main development trend of elevator speed limiters. Domestic substitution has gradually started since 2000. As of 2024, it currently occupies a larger share in the global market, exceeding 45%, of which exports account for a small proportion, about 8% of the total domestic exports. With the current unstable tariff factors, exports may be affected. Considering that the export volume is relatively small, some domestic policies may be introduced to digest this part of the export volume.
LP Information, Inc. (LPI) ' newest research report, the “Elevator Speed Limiting Buffer Industry Forecast” looks at past sales and reviews total world Elevator Speed Limiting Buffer sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Speed Limiting Buffer sales for 2025 through 2031. With Elevator Speed Limiting Buffer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Speed Limiting Buffer industry.
This Insight Report provides a comprehensive analysis of the global Elevator Speed Limiting Buffer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Speed Limiting Buffer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Speed Limiting Buffer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Speed Limiting Buffer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Speed Limiting Buffer.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Speed Limiting Buffer market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Spring Buffers
Hydraulic Buffers
Segmentation by Application:
Shopping Mall
Factory
Family
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
OLEO
Vantage
Aspar Elevator
WITTUR
PFB
Atwell International
Liftequip
LIFT SOLUTIONS
Lift Tech Engineers
DELCO
EECO
Hydronic Lift
BSB Elevator
Henning
Huning Elevator
Dongfangfuda
Ningbo Aodepu
Shanghai Letian Elevator
Shenling Holding Group
Neoteric
Suzhou Hitech
VALIN PRECISION
Suzhou Cjac
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator Speed Limiting Buffer market?
What factors are driving Elevator Speed Limiting Buffer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator Speed Limiting Buffer market opportunities vary by end market size?
How does Elevator Speed Limiting Buffer break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
156 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Elevator Speed Limiting Buffer by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Elevator Speed Limiting Buffer by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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