Elevator Market Scope And Analysis

  • Report Code : TIPRE00010655
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Elevator Market Report - Analysis by 2031

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Elevator Market Report Elevator Market Size and Share Elevator Market Scope and Analysis

Elevator Market Report Scope

Report Attribute Details
Market size in 2024 US$ 81.48 Billion
Market Size by 2031 US$ 129.13 Billion
Global CAGR (2025 - 2031) 6.8%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Hydraulic
  • Traction
  • Machine Room-Less Traction
By Business Outlook
  • New Equipment
  • Maintenance
  • Modernization
By Application
  • Residential
  • Commercial
  • Industrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Schindler
  • TK Elevator
  • KONE Corporation
  • Hitachi Ltd
  • HYUNDAIELEVATOR CO LTD
  • Toshiba Group
  • Mitsubishi Electric Corporation
  • Aritco Lift AB
  • EMAK
  • FUJITEC CO LTD

    • Elevator Market News and Recent Developments

    The Elevator Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Elevator Market are listed below:

    • TK Elevator, one of the global market and innovation leaders in the?elevator industry, launched EOX in North America. The eco-efficient elevator platform is engineered to meet the demands of two- to 10-story buildings with its space-saving design, advanced technologies and reduced lead times. (Source: TK Elevator, Company Website, May 2023)
    • TK Elevator, for the enhancement of smart and connected elevators, launched Application Programming Interfaces (APIs). These open interfaces connect elevators, buildings, and residents – allowing operators to automate some processes and end-users to control elevators through mobile applications. (Source: TK Elevator, Newsletter, November 2022).

    Elevator Market Report Coverage and Deliverables

    The “Elevator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Elevator Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
    • Elevator Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
    • Detailed PEST/Porter’s Five Forces and SWOT analysis.
    • Elevator Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Elevator Market.
    • Detailed company profiles.