Global Elevator Market Size, Share, Growth Analysis Report - Forecast 2034
Elevator Market By Type (Passenger Elevators, Freight Elevators, and Others), By Technology (Traction, Machine Room-Less Traction, and Hydraulic), Service (New Installation, Maintenance Repair, Modernization, and Others), Applications (Residential, Hypermarkets, Malls, Corporate Offices, and Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Technology & Media Report Format : PDF
Pages: 185 Report Code: ZMR-866
Published Date: Mar-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 81.27 Billion | USD 156.24 Billion | 6.9% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Elevator Market, (2022 - 2028) (USD Billion)
- 2.2 Global Elevator Market : snapshot
- Chapter 3. Global Elevator Market - Industry Analysis
- 3.1 Elevator Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing demand for infrastructure development
- 3.2.2 construction of high-rise buildings
- 3.2.3 modernizations
- 3.2.4 coupled with innovations like smart elevators fuels market growth
- 3.3 Market Restraints
- 3.3.1. Government regulations & policies controlling lifts and incidences of accidents involving elevators hamper the market growth\
- 3.3.2. Government regulations & policies controlling lifts and incidences of accidents involving elevators hamper the market growth
- 3.4 Market Opportunities
- 3.4.1. Introduction of smart elevators as a part of modernization and technological advancement provides a lucrative opportunity for market expansion
- 3.5 Market Challenges
- 3.5.1. Introduction of smart elevators as a part of modernization and technological advancement provides a lucrative opportunity for market expansion
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By By Type
- 3.7.2 Market attractiveness analysis By By Technology
- 3.7.3 Market attractiveness analysis By By Service
- 3.7.4 Market attractiveness analysis By By Applications
- Chapter 4. Global Elevator Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Elevator Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Elevator Market - By Type Analysis
- 5.1 Global Elevator Market overview: By By Type
- 5.1.1 Global Elevator Market share, By By Type, 2021 and 2028
- 5.2 Passenger Elevator
- 5.2.1 Global Elevator Market by Passenger Elevator, 2022 - 2028 (USD Billion)
- 5.3 Freight Elevator
- 5.3.1 Global Elevator Market by Freight Elevator, 2022 - 2028 (USD Billion)
- 5.4 Others
- 5.4.1 Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 5.1 Global Elevator Market overview: By By Type
- Chapter 6. Global Elevator Market - By Technology Analysis
- 6.1 Global Elevator Market overview: By By Technology
- 6.1.1 Global Elevator Market share, By By Technology, 2021 and 2028
- 6.2 Traction
- 6.2.1 Global Elevator Market by Traction, 2022 - 2028 (USD Billion)
- 6.3 Machine Room-Less Traction
- 6.3.1 Global Elevator Market by Machine Room-Less Traction, 2022 - 2028 (USD Billion)
- 6.4 Hydraulic
- 6.4.1 Global Elevator Market by Hydraulic, 2022 - 2028 (USD Billion)
- 6.1 Global Elevator Market overview: By By Technology
- Chapter 7. Global Elevator Market - By Service Analysis
- 7.1 Global Elevator Market overview: By By Service
- 7.1.1 Global Elevator Market share, By By Service, 2021 and 2028
- 7.2 New Installation
- 7.2.1 Global Elevator Market by New Installation, 2022 - 2028 (USD Billion)
- 7.3 Maintenance Repair
- 7.3.1 Global Elevator Market by Maintenance Repair, 2022 - 2028 (USD Billion)
- 7.4 Modernization
- 7.4.1 Global Elevator Market by Modernization, 2022 - 2028 (USD Billion)
- 7.5 Others
- 7.5.1 Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 7.1 Global Elevator Market overview: By By Service
- Chapter 8. Global Elevator Market - By Applications Analysis
- 8.1 Global Elevator Market overview: By By Applications
- 8.1.1 Global Elevator Market share, By By Applications, 2021 and 2028
- 8.2 Residential
- 8.2.1 Global Elevator Market by Residential, 2022 - 2028 (USD Billion)
- 8.3 Hypermarkets
- 8.3.1 Global Elevator Market by Hypermarkets, 2022 - 2028 (USD Billion)
- 8.4 Malls
- 8.4.1 Global Elevator Market by Malls, 2022 - 2028 (USD Billion)
- 8.5 Corporate Office
- 8.5.1 Global Elevator Market by Corporate Office, 2022 - 2028 (USD Billion)
- 8.6 Others
- 8.6.1 Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 8.1 Global Elevator Market overview: By By Applications
- Chapter 9. Elevator Market - Regional Analysis
- 9.1 Global Elevator Market Regional Overview
- 9.2 Global Elevator Market Share, by Region, 2021 & 2028 (USD Billion)
- 9.3. North America
- 9.3.1 North America Elevator Market, 2022 - 2028 (USD Billion)
- 9.3.1.1 North America Elevator Market, by Country, 2022 - 2028 (USD Billion)
- 9.3.1 North America Elevator Market, 2022 - 2028 (USD Billion)
- 9.4 North America Elevator Market, by By Type, 2022 - 2028
- 9.4.1 North America Elevator Market, by By Type, 2022 - 2028 (USD Billion)
- 9.5 North America Elevator Market, by By Technology, 2022 - 2028
- 9.5.1 North America Elevator Market, by By Technology, 2022 - 2028 (USD Billion)
- 9.6 North America Elevator Market, by By Service, 2022 - 2028
- 9.6.1 North America Elevator Market, by By Service, 2022 - 2028 (USD Billion)
- 9.7 North America Elevator Market, by By Applications, 2022 - 2028
- 9.7.1 North America Elevator Market, by By Applications, 2022 - 2028 (USD Billion)
- 9.4. Europe
- 9.4.2 Europe Elevator Market, 2022 - 2028 (USD Billion)
- 9.4.2.1 Europe Elevator Market, by Country, 2022 - 2028 (USD Billion)
- 9.4.2 Europe Elevator Market, 2022 - 2028 (USD Billion)
- 9.4 Europe Elevator Market, by By Type, 2022 - 2028
- 9.4.1 Europe Elevator Market, by By Type, 2022 - 2028 (USD Billion)
- 9.5 Europe Elevator Market, by By Technology, 2022 - 2028
- 9.5.1 Europe Elevator Market, by By Technology, 2022 - 2028 (USD Billion)
- 9.6 Europe Elevator Market, by By Service, 2022 - 2028
- 9.6.1 Europe Elevator Market, by By Service, 2022 - 2028 (USD Billion)
- 9.7 Europe Elevator Market, by By Applications, 2022 - 2028
- 9.7.1 Europe Elevator Market, by By Applications, 2022 - 2028 (USD Billion)
- 9.5. Asia Pacific
- 9.5.3 Asia Pacific Elevator Market, 2022 - 2028 (USD Billion)
- 9.5.3.1 Asia Pacific Elevator Market, by Country, 2022 - 2028 (USD Billion)
- 9.5.3 Asia Pacific Elevator Market, 2022 - 2028 (USD Billion)
- 9.4 Asia Pacific Elevator Market, by By Type, 2022 - 2028
- 9.4.1 Asia Pacific Elevator Market, by By Type, 2022 - 2028 (USD Billion)
- 9.5 Asia Pacific Elevator Market, by By Technology, 2022 - 2028
- 9.5.1 Asia Pacific Elevator Market, by By Technology, 2022 - 2028 (USD Billion)
- 9.6 Asia Pacific Elevator Market, by By Service, 2022 - 2028
- 9.6.1 Asia Pacific Elevator Market, by By Service, 2022 - 2028 (USD Billion)
- 9.7 Asia Pacific Elevator Market, by By Applications, 2022 - 2028
- 9.7.1 Asia Pacific Elevator Market, by By Applications, 2022 - 2028 (USD Billion)
- 9.6. Latin America
- 9.6.4 Latin America Elevator Market, 2022 - 2028 (USD Billion)
- 9.6.4.1 Latin America Elevator Market, by Country, 2022 - 2028 (USD Billion)
- 9.6.4 Latin America Elevator Market, 2022 - 2028 (USD Billion)
- 9.4 Latin America Elevator Market, by By Type, 2022 - 2028
- 9.4.1 Latin America Elevator Market, by By Type, 2022 - 2028 (USD Billion)
- 9.5 Latin America Elevator Market, by By Technology, 2022 - 2028
- 9.5.1 Latin America Elevator Market, by By Technology, 2022 - 2028 (USD Billion)
- 9.6 Latin America Elevator Market, by By Service, 2022 - 2028
- 9.6.1 Latin America Elevator Market, by By Service, 2022 - 2028 (USD Billion)
- 9.7 Latin America Elevator Market, by By Applications, 2022 - 2028
- 9.7.1 Latin America Elevator Market, by By Applications, 2022 - 2028 (USD Billion)
- 9.7. The Middle-East and Africa
- 9.7.5 The Middle-East and Africa Elevator Market, 2022 - 2028 (USD Billion)
- 9.7.5.1 The Middle-East and Africa Elevator Market, by Country, 2022 - 2028 (USD Billion)
- 9.7.5 The Middle-East and Africa Elevator Market, 2022 - 2028 (USD Billion)
- 9.4 The Middle-East and Africa Elevator Market, by By Type, 2022 - 2028
- 9.4.1 The Middle-East and Africa Elevator Market, by By Type, 2022 - 2028 (USD Billion)
- 9.5 The Middle-East and Africa Elevator Market, by By Technology, 2022 - 2028
- 9.5.1 The Middle-East and Africa Elevator Market, by By Technology, 2022 - 2028 (USD Billion)
- 9.6 The Middle-East and Africa Elevator Market, by By Service, 2022 - 2028
- 9.6.1 The Middle-East and Africa Elevator Market, by By Service, 2022 - 2028 (USD Billion)
- 9.7 The Middle-East and Africa Elevator Market, by By Applications, 2022 - 2028
- 9.7.1 The Middle-East and Africa Elevator Market, by By Applications, 2022 - 2028 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Schindler Group
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Otis Elevator
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Thyssenkrupp AG
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 KONE Corporation
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Hitachi Ltd.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Fujitec Co. LTD.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Hyundaielevator Co. Ltd.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Electra Elevators
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Mitsubishi Electric Corporation
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 ESCON ELEVETORS PVT LTD
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Toshiba Elevator
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 ETIA Elevator.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.1 Schindler Group
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Elevator Market, 2022 - 2028 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Elevator Market attractiveness, By By Type
- 6. Global Elevator Market attractiveness, By By Technology
- 7. Global Elevator Market attractiveness, By By Service
- 8. Global Elevator Market attractiveness, By By Applications
- 9. Global Elevator Market share by By Type, 2022 and 2028 (USD Billion)
- 10. Global Elevator Market by Passenger Elevator, 2022 - 2028 (USD Billion)
- 11. Global Elevator Market by Freight Elevator, 2022 - 2028 (USD Billion)
- 12. Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 13. Global Elevator Market share by By Technology, 2022 and 2028 (USD Billion)
- 14. Global Elevator Market by Traction, 2022 - 2028 (USD Billion)
- 15. Global Elevator Market by Machine Room-Less Traction, 2022 - 2028 (USD Billion)
- 16. Global Elevator Market by Hydraulic, 2022 - 2028 (USD Billion)
- 17. Global Elevator Market share by By Service, 2022 and 2028 (USD Billion)
- 18. Global Elevator Market by New Installation, 2022 - 2028 (USD Billion)
- 19. Global Elevator Market by Maintenance Repair, 2022 - 2028 (USD Billion)
- 20. Global Elevator Market by Modernization, 2022 - 2028 (USD Billion)
- 21. Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 22. Global Elevator Market share by By Applications, 2022 and 2028 (USD Billion)
- 23. Global Elevator Market by Residential, 2022 - 2028 (USD Billion)
- 24. Global Elevator Market by Hypermarkets, 2022 - 2028 (USD Billion)
- 25. Global Elevator Market by Malls, 2022 - 2028 (USD Billion)
- 26. Global Elevator Market by Corporate Office, 2022 - 2028 (USD Billion)
- 27. Global Elevator Market by Others, 2022 - 2028 (USD Billion)
- 28. Global Elevator Market share, by Region, 2022 and 2028
- 29. North America Elevator Market, 2022 - 2028 (USD Billion)
- 30. Europe Elevator Market, 2022 - 2028 (USD Billion)
- 31. Asia Pacific Elevator Market, 2022 - 2028 (USD Billion)
- 32. Latin America Elevator Market, 2022 - 2028 (USD Billion)
- 33. The Middle-East and Africa Elevator Market, 2022 - 2028 (USD Billion)
Table Of Tables
- 1. Global Elevator Market: Snapshot
- 2. Drivers of the Elevator Market: impact analysis
- 3. North America Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 4. North America Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 5. North America Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 6. North America Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 7. U.S. Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 8. U.S. Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 9. U.S. Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 10. U.S. Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 11. Canada Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 12. Canada Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 13. Canada Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 14. Canada Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 15. Europe Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 16. Europe Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 17. Europe Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 18. Europe Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 19. Germany Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 20. Germany Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 21. Germany Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 22. Germany Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 23. France Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 24. France Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 25. France Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 26. France Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 27. U.K. Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 28. U.K. Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 29. U.K. Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 30. U.K. Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 31. Italy Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 32. Italy Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 33. Italy Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 34. Italy Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 35. Spain Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 36. Spain Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 37. Spain Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 38. Spain Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 39. Rest of Europe Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 40. Rest of Europe Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 41. Rest of Europe Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 42. Rest of Europe Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 43. Asia Pacific Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 44. Asia Pacific Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 45. Asia Pacific Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 46. Asia Pacific Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 47. China Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 48. China Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 49. China Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 50. China Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 51. Japan Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 52. Japan Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 53. Japan Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 54. Japan Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 55. India Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 56. India Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 57. India Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 58. India Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 59. South Korea Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 60. South Korea Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 61. South Korea Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 62. South Korea Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 63. South-East Asia Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 64. South-East Asia Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 65. South-East Asia Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 66. South-East Asia Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 67. Rest of Asia Pacific Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 68. Rest of Asia Pacific Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 69. Rest of Asia Pacific Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 70. Rest of Asia Pacific Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 71. Latin America Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 72. Latin America Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 73. Latin America Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 74. Latin America Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 75. Brazil Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 76. Brazil Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 77. Brazil Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 78. Brazil Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 79. Mexico Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 80. Mexico Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 81. Mexico Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 82. Mexico Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 83. Rest of Latin America Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 84. Rest of Latin America Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 85. Rest of Latin America Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 86. Rest of Latin America Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 87. The Middle-East and Africa Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 88. The Middle-East and Africa Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 89. The Middle-East and Africa Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 90. The Middle-East and Africa Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 91. GCC Countries Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 92. GCC Countries Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 93. GCC Countries Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 94. GCC Countries Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 95. South Africa Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 96. South Africa Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 97. South Africa Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 98. South Africa Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
- 99. Rest of Middle-East Africa Elevator Market revenue, By By Type, 2022 - 2028 (USD Billion)
- 100. Rest of Middle-East Africa Elevator Market revenue, By By Technology, 2022 - 2028 (USD Billion)
- 101. Rest of Middle-East Africa Elevator Market revenue, By By Service, 2022 - 2028 (USD Billion)
- 102. Rest of Middle-East Africa Elevator Market revenue, By By Applications, 2022 - 2028 (USD Billion)
Methodology
FrequentlyAsked Questions
An elevator is a vertical transportation device used to move people or goods between different floors of a building. It operates using electric motors and a system of cables or hydraulics, providing convenient and efficient access in multi-story structures.
The global elevator market is expected to grow due to rapid urbanization, increasing high-rise building construction, and advancements in smart elevator technologies.
According to a study, the global elevator market size was worth around USD 81.27 Billion in 2024 and is expected to reach USD 156.24 Billion by 2034.
The global elevator market is expected to grow at a CAGR of 6.9% during the forecast period.
Asia-Pacific is expected to dominate the elevator market over the forecast period.
Leading players in the global elevator market include Schindler Group, Otis Elevator, Thyssenkrupp AG, KONE Corporation, Hitachi Ltd., Fujitec Co., LTD., Hyundaielevator Co., Ltd., Electra Elevators, Mitsubishi Electric Corporation, ESCON ELEVETORS PVT LTD, Toshiba Elevator, and ETIA Elevator, and others., among others.
The report explores crucial aspects of the elevator market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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