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The global Elevators market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 2.50% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Elevators market include Fujitec Co., Ltd., KONE Corporation, Mitsubishi Electric Corporation, GLARIE Elevator Co., Ltd., and Hyundai Elevator Co., Ltd.. The share of the top 3 players in the Elevators market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Elevators market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Hydraulic and Pneumatic accounted for XX% of Elevators market in 2022. Machine Room (MR) Traction share of XX%.
New Installation accounted for XX% of the Elevators market in 2022. Maintenance and Modernisation accounts for XX%.
This Elevators market report provides detailed information on latest developments, trade regulations, value chain optimization, market share, impact of domestic and local market players, analyzes emerging revenue sources, market regulation changes Opportunities in Aspects, Strategic Market Growth Analysis, Market Size, Category Market Growth, Application Areas and Dominance, Product Approvals, Product Launches, Geographic Expansion, Technological Innovations in the Market.
Elevators market country level analysis
The countries covered in the Elevators market report include the United States, Canada, Germany, United Kingdom, France, Russia, Japan, China, India, South Korea, Brazil, UAE, Saudi Arabia, etc.
The presence and availability of global brands and challenges due to intense or scarce competition from local and domestic brands, and trade routes are also considered while providing the predictive analysis of country data.
Competitive Landscape and Elevators Market Share Analysis
Elevators market competitive landscape provides details by competitors. The detailed information includes company profile, company financials, revenue generated, market potential, R&D investments, new market plans, global reach. The data points presented above relate only to companies relevant to the Elevators market.
In the recent years, the manufacturing and construction industries have witnessed several notable developments. The ongoing transformation of the manufacturing and construction industries driven by technological advances, sustainability concerns and the quest for efficiency and productivity.
Automation and Robotics: The integration of automation and robotics has significantly transformed manufacturing and construction processes. Advanced robotics systems are being employed for tasks like material handling, assembly, welding, and painting, leading to increased efficiency, precision, and safety.
Supply Chain Resilience: Recent disruptions, such as the COVID-19 pandemic and global trade tensions, have highlighted the importance of supply chain resilience. Manufacturers are reevaluating their supply chain strategies, diversifying suppliers, adopting digital supply chain technologies, and exploring nearshoring or reshoring options to reduce dependencies and improve resilience.
Key Regions Covered in This Report Are
North America
United States
Canada
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Latin America
Brazil
Argentina
Colombia
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Some of the major players operating in the global market include:
Fujitec Co., Ltd.
KONE Corporation
Mitsubishi Electric Corporation
GLARIE Elevator Co., Ltd.
Hyundai Elevator Co., Ltd.
Hitachi Ltd.
Segment by Type
Hydraulic and Pneumatic
Machine Room (MR) Traction
Machine Room-less (MRL) Traction
Segment by Application
New Installation
Maintenance and Modernisation
Table of Content
1 Elevators Market Introduction and Overview
1.1 Elevators Definition
1.2 Market Size Analysis by Types
1.3 Market Size Analysis by Application
1.4 Research Purposes
1.5 Report Timeline
1.6 Economic Analysis of Global Regions
2 Elevators Manufacturing Cost Analysis
2.1 Elevators Key Raw Materials Analysis
2.1.1 Key Raw Materials
2.1.2 Price Trend of Key Raw Materials
2.1.3 Key Suppliers of Raw Materials
2.2 Proportion of Manufacturing Cost Structure
2.2.1 Raw Materials
2.2.2 Labor Cost
2.2.3 Manufacturing Expenses
2.3 Manufacturing Process Analysis of Elevators
2.4 Elevators Industrial Chain Analysis
3 Global Market Growth Trends Analysis
3.1 Global Elevators Market Size & Forecast (2018-2029)
3.2 Elevators Growth Trends Analysis by Regions
3.2.1 Elevators Market Size by Regions: 2018 VS 2023 VS 2029
3.2.2 Elevators Historic Market Size by Regions (2018-2023)
3.2.3 Elevators Forecasted Market Size by Regions (2023-2029)
3.2.4 North America Elevators Market Size & Forecast (2018-2029)
3.2.5 Europe Elevators Market Size & Forecast (2018-2029)
3.2.6 Asia-Pacific Elevators Market Size & Forecast (2018-2029)
3.2.7 Latin America Elevators Market Size & Forecast (2018-2029)
3.2.8 Middle East & Africa Elevators Market Size & Forecast (2018-2029)
4 North America
4.1 North America Elevators Revenue by Countries
4.1.1 North America Elevators Revenue by Countries (2018-2029)
4.1.2 North America Elevators Sales by Countries (2018-2029)
4.2 North America Elevators Revenue by Players
4.3 North America Elevators Sales by Types
4.4 North America Elevators Sales by Applications
4.5 United States
4.6 Canada
5 Asia Pacific
5.1 Asia Pacific Elevators Revenue by Countries
5.1.1 Asia Pacific Elevators Revenue by Countries (2018-2029)
5.1.2 Asia Pacific Elevators Sales by Countries (2018-2029)
5.2 Asia Pacific Elevators Revenue by Players
5.3 Asia Pacific Elevators Sales by Types
5.4 Asia Pacific Elevators Sales by Applications
5.5 China
5.6 Japan
5.7 Korea
5.8 Southeast Asia
5.9 India
5.10 Australia
6 Europe
6.1 Europe Elevators Revenue by Countries
6.1.1 Europe Elevators Revenue by Countries (2018-2029)
6.1.2 Europe Elevators Sales by Countries (2018-2029)
6.2 Europe Elevators Revenue by Players
6.3 Europe Elevators Sales by Types
6.4 Europe Elevators Sales by Applications
6.5 Germany
6.6 France
6.7 UK
6.8 Italy
6.9 Russia
6.10 Spain
6.11 Nordic
7 Latin America
7.1 Latin America Elevators Revenue by Countries
7.1.1 Latin America Elevators Revenue by Countries (2018-2029)
7.1.2 Latin America Elevators Sales by Countries (2018-2029)
7.2 Latin America Elevators Revenue by Players
7.3 Latin America Elevators Sales by Types
7.4 Latin America Elevators Sales by Applications
7.5 Brazil
7.6 Argentina
7.7 Colombia
7.8 Mexico
8 Middle East & Africa
8.1 Middle East & Africa Elevators Revenue by Countries
8.1.1 Middle East & Africa Elevators Revenue by Countries (2018-2029)
8.1.2 Middle East & Africa Elevators Sales by Countries (2018-2029)
8.2 Middle East & Africa Elevators Revenue by Players
8.3 Middle East & Africa Elevators Sales by Types
8.4 Middle East & Africa Elevators Sales by Applications
8.5 Egypt
8.6 South Africa
8.7 Israel
8.8 Turkey
8.9 GCC Countries
9 Global Elevators Historical and Forecast Market Analysis by Type
9.1 Global Elevators Revenue and Market Share by Type
9.2 Global Elevators Sales and Market Share by Type
9.3 Global Elevators Revenue Market Forecast by Type (2023-2029)
9.4 Global Elevators Sales Market Forecast by Type (2023-2029)
10 Global Elevators Historical and Forecast Market Analysis by Application
10.1 Global Elevators Revenue Market Share by Application (2018-2023)
10.2 Global Elevators Sales Market Share by Application (2018-2023)
10.3 Elevators Revenue Market Forecast by Application (2023-2029)
10.4 Elevators Sales Market Forecast by Application (2023-2029)
11 Elevators Industry Dynamic Analysis
11.1 Elevators Market Trends Analysis
11.2 Elevators Market Drivers Analysis
11.3 Elevators Market Challenges Analysis
11.4 Elevators Market Restraints Analysis
11.5 Elevators Industry Mergers & Acquisitions
11.6 Elevators Industry New Entrants and Expansion Plans
12 Market Channel, Distributors, Traders and Dealers
12.1 Market Channel Status
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Elevators Typical Distributors
12.3 Elevators Typical Customers
13 Players Profiles13.1 Fujitec Co., Ltd.
13.1.1 Fujitec Co., Ltd. Company Profile
13.1.2 Elevators Product Overview
13.1.3 Fujitec Co., Ltd. Elevators Market Performance (2018-2023)
13.1.4 Fujitec Co., Ltd. Business Overview
13.2 KONE Corporation
13.2.1 KONE Corporation Company Profile
13.2.2 Elevators Product Overview
13.2.3 KONE Corporation Elevators Market Performance (2018-2023)
13.2.4 KONE Corporation Business Overview
13.3 Mitsubishi Electric Corporation
13.3.1 Mitsubishi Electric Corporation Company Profile
13.3.2 Elevators Product Overview
13.3.3 Mitsubishi Electric Corporation Elevators Market Performance (2018-2023)
13.3.4 Mitsubishi Electric Corporation Business Overview
13.4 GLARIE Elevator Co., Ltd.
13.4.1 GLARIE Elevator Co., Ltd. Company Profile
13.4.2 Elevators Product Overview
13.4.3 GLARIE Elevator Co., Ltd. Elevators Market Performance (2018-2023)
13.4.4 GLARIE Elevator Co., Ltd. Business Overview
13.5 Hyundai Elevator Co., Ltd.
13.5.1 Hyundai Elevator Co., Ltd. Company Profile
13.5.2 Elevators Product Overview
13.5.3 Hyundai Elevator Co., Ltd. Elevators Market Performance (2018-2023)
13.5.4 Hyundai Elevator Co., Ltd. Business Overview
13.6 Hitachi Ltd.
13.6.1 Hitachi Ltd. Company Profile
13.6.2 Elevators Product Overview
13.6.3 Hitachi Ltd. Elevators Market Performance (2018-2023)
13.6.4 Hitachi Ltd. Business Overview
14 Research Findings and Conclusion
Tables & Figures:
List of Tables and Figures
Figure Elevators Picture
Table Product Definition of Elevators
Table Global Elevators Market Size by Type (2023 VS 2029)
Table Global Elevators Market Size by Application (2023 VS 2029)
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Table Raw Materials Analysis
Table Labor Cost Analysis
Table Manufacturing Expenses Analysis
Figure Manufacturing Process Analysis of Elevators
Figure Elevators Industrial Chain Analysis
Figure Global Elevators Revenue Market Size & Forecast (2018-2029)
Figure Global Elevators Sales Market Size & Forecast (2018-2029)
Table Elevators Market Size by Regions: 2018 VS 2023 VS 2029
Table Elevators Historic Revenue Market Size by Regions (2018-2023)
Table Elevators Historic Revenue Market Share by Regions (2018-2023)
Table Elevators Historic Sales Market Size by Regions (2018-2023)
Table Elevators Historic Sales Market Share by Regions (2018-2023)
Table Elevators Forecasted Revenue Market Size by Regions (2023-2029)
Table Elevators Forecasted Revenue Market Share by Regions (2023-2029)
Table Elevators Forecasted Sales Market Size by Regions (2023-2029)
Table Elevators Forecasted Sales Market Share by Regions (2023-2029)
Figure North America Elevators Market Size & Forecast (2018-2029)
Figure Europe Elevators Market Size & Forecast (2018-2029)
Figure Asia-Pacific Elevators Market Size & Forecast (2018-2029)
Figure Latin America Elevators Market Size & Forecast (2018-2029)
Figure Middle East & Africa Elevators Market Size & Forecast (2018-2029)
Table North America Elevators Revenue by Countries (2018-2029)
Table North America Elevators Revenue Market Share by Countries (2018-2029)
Table North America Elevators Sales by Countries (2018-2029)
Table North America Elevators Sales Market Share by Countries (2018-2029)
Table North America Elevators Revenue Share by Players 2022
Table North America Elevators Sales by Types (2018-2023)
Table North America Elevators Sales Market Share by Types (2018-2023)
Table North America Elevators Sales by Applications (2018-2023)
Table North America Elevators Sales Market Share by Applications (2018-2023)
Figure United States Elevators Revenue and Growth (2018-2029)
Figure United States Elevators Sales and Growth (2018-2029)
Figure Canada Elevators Revenue and Growth (2018-2029)
Figure Canada Elevators Sales and Growth (2018-2029)
Table Asia-Pacific Elevators Revenue by Countries (2018-2029)
Table Asia-Pacific Elevators Revenue Market Share by Countries (2018-2029)
Table Asia-Pacific Elevators Sales by Countries (2018-2029)
Table Asia-Pacific Elevators Revenue Market Share by Countries (2018-2029)
Table Asia Pacific Elevators Revenue Share by Players 2022
Table Asia Pacific Elevators Sales by Types (2018-2023)
Table Asia Pacific Elevators Sales Market Share by Types (2018-2023)
Table Asia Pacific Elevators Sales by Applications (2018-2023)
Table Asia Pacific Elevators Sales Market Share by Applications (2018-2023)
Figure China Elevators Revenue and Growth (2018-2029)
Figure China Elevators Sales and Growth (2018-2029)
Figure Japan Elevators Revenue and Growth (2018-2029)
Figure Japan Elevators Sales and Growth (2018-2029)
Figure Korea Elevators Revenue and Growth (2018-2029)
Figure Korea Elevators Sales and Growth (2018-2029)
Figure Southeast Asia Elevators Revenue and Growth (2018-2029)
Figure Southeast Asia Elevators Sales and Growth (2018-2029)
Figure India Elevators Revenue and Growth (2018-2029)
Figure India Elevators Sales and Growth (2018-2029)
Figure Australia Elevators Revenue and Growth (2018-2029)
Figure Australia Elevators Sales and Growth (2018-2029)
Table Europe Elevators Revenue by Countries (2018-2029)
Table Europe Elevators Revenue Market Share by Countries (2018-2029)
Table Europe Elevators Sales by Countries (2018-2029)
Table Europe Elevators Sales Market Share by Countries (2018-2029)
Table Europe Elevators Revenue Share by Players 2022
Table Europe Elevators Sales by Types (2018-2023)
Table Europe Elevators Sales Market Share by Types (2018-2023)
Table Europe Elevators Sales by Applications (2018-2023)
Table Europe Elevators Sales Market Share by Applications (2018-2023)
Figure Germany Elevators Revenue and Growth (2018-2029)
Figure Germany Elevators Sales and Growth (2018-2029)
Figure France Elevators Revenue and Growth (2018-2029)
Figure France Elevators Sales and Growth (2018-2029)
Figure UK Elevators Revenue and Growth (2018-2029)
Figure UK Elevators Sales and Growth (2018-2029)
Figure Italy Elevators Revenue and Growth (2018-2029)
Figure Italy Elevators Sales and Growth (2018-2029)
Figure Russia Elevators Revenue and Growth (2018-2029)
Figure Russia Elevators Sales and Growth (2018-2029)
Figure Spain Elevators Revenue and Growth (2018-2029)
Figure Spain Elevators Sales and Growth (2018-2029)
Figure Nordic Elevators Revenue and Growth (2018-2029)
Figure Nordic Elevators Sales and Growth (2018-2029)
Table Latin America Elevators Revenue by Countries (2018-2029)
Table Latin America Elevators Revenue Market Share by Countries (2018-2029)
Table Latin America Elevators Sales by Countries (2018-2029)
Table Latin America Elevators Sales Market Share by Countries (2018-2029)
Table Latin America Elevators Revenue Share by Players 2022
Table Latin America Elevators Sales by Types (2018-2023)
Table Latin America Elevators Sales Market Share by Types (2018-2023)
Table Latin America Elevators Sales by Applications (2018-2023)
Table Latin America Elevators Sales Market Share by Applications (2018-2023)
Figure Brazil Elevators Revenue and Growth (2018-2029)
Figure Brazil Elevators Sales and Growth (2018-2029)
Figure Argentina Elevators Revenue and Growth (2018-2029)
Figure Argentina Elevators Sales and Growth (2018-2029)
Figure Colombia Elevators Revenue and Growth (2018-2029)
Figure Colombia Elevators Sales and Growth (2018-2029)
Figure Mexico Elevators Revenue and Growth (2018-2029)
Figure Mexico Elevators Sales and Growth (2018-2029)
Table Middle East & Africa Elevators Revenue by Countries (2018-2029)
Table Middle East & Africa Elevators Revenue Market Share by Countries (2018-2029)
Table Middle East & Africa Elevators Sales by Countries (2018-2029)
Table Middle East & Africa Elevators Sales Market Share by Countries (2018-2029)
Table Latin America Elevators Revenue Share by Players 2022
Table Middle East & Africa Elevators Sales by Types (2018-2023)
Table Middle East & Africa Elevators Sales Market Share by Types (2018-2023)
Table Middle East & Africa Elevators Sales by Applications (2018-2023)
Table Middle East & Africa Elevators Sales Market Share by Applications (2018-2023)
Figure Egypt Elevators Revenue and Growth (2018-2029)
Figure Egypt Elevators Sales and Growth (2018-2029)
Figure South Africa Elevators Revenue and Growth (2018-2029)
Figure South Africa Elevators Sales and Growth (2018-2029)
Figure Israel Elevators Revenue and Growth (2018-2029)
Figure Israel Elevators Sales and Growth (2018-2029)
Figure Turkey Elevators Revenue and Growth (2018-2029)
Figure Turkey Elevators Sales and Growth (2018-2029)
Figure GCC Countries Elevators Revenue and Growth (2018-2029)
Figure GCC Countries Elevators Sales and Growth (2018-2029)
Table Global Elevators Revenue and Market Size by Type (2018-2023)
Table Global Elevators Revenue and Market Share by Type (2018-2023)
Table Global Elevators Sales and Market Size by Type (2018-2023)
Table Global Elevators Sales and Market Share by Type (2018-2023)
Table Global Elevators Revenue Market Size Forecast by Type (2023-2029)
Table Global Elevators Revenue Market Share Forecast by Type (2023-2029)
Table Global Elevators Sales Market Size Forecast by Type (2023-2029)
Table Global Elevators Sales Market Share Forecast by Type (2023-2029)
Figure Global Elevators Market Size and Growth by {Type 1} (2018-2029)
Figure Global Elevators Market Size and Growth by {Type 2} (2018-2029)
Table Global Elevators Revenue Market Size by Application (2018-2023)
Table Global Elevators Revenue Market Share by Application (2018-2023)
Table Global Elevators Sales Market Size by Application (2018-2023)
Table Global Elevators Sales Market Share by Application (2018-2023)
Table Global Elevators Revenue Market Size by Application (2023-2029)
Table Global Elevators Revenue Market Share by Application (2023-2029)
Table Global Elevators Sales Market Size by Application (2023-2029)
Table Global Elevators Sales Market Share by Application (2023-2029)
Figure Global Elevators Market Size and Growth by {Application 1} (2018-2029)
Figure Global Elevators Market Size and Growth by {Application 2} (2018-2029)
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Market Mergers & Acquisitions
Table Market New Entrants and Expansion Plans
Table Distributors of Elevators with Contact Information
Table Major Customers of Elevators with Contact Information
Table Fujitec Co., Ltd. Profile
Table Product Overview
Table Fujitec Co., Ltd. Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Fujitec Co., Ltd. Sales and Growth Rate
Figure Fujitec Co., Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table KONE Corporation Profile
Table Product Overview
Table KONE Corporation Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure KONE Corporation Sales and Growth Rate
Figure KONE Corporation Revenue Market Share 2017-2022
Table Business Overview
Table Mitsubishi Electric Corporation Profile
Table Product Overview
Table Mitsubishi Electric Corporation Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Mitsubishi Electric Corporation Sales and Growth Rate
Figure Mitsubishi Electric Corporation Revenue Market Share 2017-2022
Table Business Overview
Table GLARIE Elevator Co., Ltd. Profile
Table Product Overview
Table GLARIE Elevator Co., Ltd. Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure GLARIE Elevator Co., Ltd. Sales and Growth Rate
Figure GLARIE Elevator Co., Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Hyundai Elevator Co., Ltd. Profile
Table Product Overview
Table Hyundai Elevator Co., Ltd. Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Hyundai Elevator Co., Ltd. Sales and Growth Rate
Figure Hyundai Elevator Co., Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Hitachi Ltd. Profile
Table Product Overview
Table Hitachi Ltd. Elevators Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Hitachi Ltd. Sales and Growth Rate
Figure Hitachi Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Research Findings and Conclusion
Research Methodology:
Global Elevators In Depth Monitoring and Development Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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