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Elevators Market

Elevators Market (Deck Type: Single-deck and Double-deck; Building Height: Low-rise, Mid-rise, and High-rise; and Destination Control: Smart and Conventional) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Elevators Market Outlook 2031

  • The global elevators market was valued at US$ 75.23 Bn in 2021
  • It is estimated to advance at a CAGR of 11.2% from 2022 to 2031
  • The global elevators market is expected to reach US$ 215.31 Bn by the end of 2031

Analysts’ Viewpoint on Global Elevators Market Scenario

Increase in launch of smart elevators is driving the global elevators market. IoT-integrated smart elevators anticipate traffic and respond in real-time. They can be remotely operated or serviced via mobile applications. Rapid urbanization and rise in penetration of internet are also anticipated to propel the market during the forecast period. Elevator manufacturers are introducing cable-less elevators that run on magnetic propulsion and are faster in terms of travel time. Elevator industry trends suggest that product diversity and R&D investments are expected to contribute significantly to the market growth in the near future. The market is also witnessing a surge in demand for advanced integrated products, with additional features such as touch panel control instead of traditional buttons.

Elevators Market

Global Elevators Market Introduction

Elevator is an electric lift used for vertical transportation of goods and people along floors in buildings. Vacuum pumps, shafts, motors, control units, counterweights, machine drives, and guide rails are major parts of elevators. Building lifts, capsule lifts, hydraulic elevators, pneumatic elevators, passenger lifts, freight elevators, traction elevators/cable-driven elevators, residential elevators, and machine room-less elevators are different types of elevators. Elevators enhance the value of properties and reduce the risk of falls on steps, particularly among children and the elderly. They provide a smooth and comfortable ride from floor to floor. Warehouse freight elevators are installed in commercial buildings and warehouses to assist the transportation of goods between floors.

Elevator industry statistics demonstrate a meteoric rise in elevator usage by over 2 billion people across the globe, as faster and more energy-efficient lifts are making inroads. Cables made from carbon fiber have replaced woven steel cables, as they are more flexible, durable, and have a longer lifecycle than metal cables. The usage of carbon fiber also increases the speed of elevators due to 90% reduction in their weight.

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Rapid Urbanization and Rise in Population Augmenting Global Elevators Market

Increase in urban population and growth in disposable income are propelling the residential elevator market size. As of 2021, 4.46 billion people lived in urban areas, a rise from 751 million in 1950. The population is projected to reach 6.68 billion by 2050, with an additional 2.22 billion people shifting to urban areas. Cities such as Beijing, Mumbai, and Tokyo are continually improving their urban planning and building capabilities with robust communication and transportation systems to attract domestic and foreign direct investment. Low-income and lower-middle-income countries are focused on offering affordable housing solutions and efficient management of cities to boost urbanization. These trends are creating a favorable environment for the growth of the global elevators market.

Increase in Focus on Sustainable Development Propelling Demand for Energy-efficient Elevators

Rise in demand for energy-efficient elevators in green buildings is fueling the global elevators market. Buildings account for a significant portion of energy & resource consumption and emission of greenhouse gases. This has led to a rise in adoption of sustainable building solutions.

Governments across the globe are offering tax benefits for green buildings. This is propelling the demand for smart and energy-efficient building solutions. Smart elevators and escalators are energy-efficient and reduce operational costs. Electric motors installed in these elevators reduce friction by raising counterweights, thereby saving energy. Leadership in Energy and Environmental Design (LEED) certification is a widely recognized emblem of sustainable accomplishment, and many infrastructure projects aspire to achieve it. It has prompted the integration of environment-friendly features such as LED lighting, water-based paint, and recycled building materials in conventional elevators. Market players are also developing recyclable elevator parts to achieve sustainable production goals.

Regional Outlook of Global Elevators Market

Asia Pacific is expected to dominate the global elevators market during the forecast period. China is the largest market for elevators in terms of new installations, followed by India. Around 60%-65% of new installations occur in these countries. The market in North America and Europe is anticipated to grow at a considerable pace in the near future, due to the rise in demand for mid-rise elevators such as traction elevators in countries such as the U.S., Canada, Germany, France, the U.K., and Italy. The Middle East is projected to be one of the emerging markets for elevators during the forecast period. Rapid growth in the construction sector is expected to boost the installation of smart elevators and escalators in the region.

Analysis of Key Players in Global Elevators Market

Manufacturers are significantly investing in R&D activities to enhance their elevator market share. Key players are increasingly adopting strategies such as expansion of product portfolio and merger and acquisitions. Companies are also focusing on IoT integration, as it allows product operators and manufacturers to collect, share, and analyze data of elevators. Otis Elevator Company, KONE OYJ, Schindler, Fujitec, Hitachi Ltd., Hyundai Elevator, Electra Elevator, Mitsubishi Electric Corporation, ThyssenKrupp AG, and Toshiba are the prominent players operating in this market.

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Key Developments in Global Elevators Market

  • In 2021, Toshiba Johnson Elevators won a contract to supply 168 elevators at three projects of RMZ Corp., a real estate and construction company. The company will install, maintain, and operate 70 elevators at RMZ Ecoworld 30 in Bengaluru, 63 elevators at Nexity in Hyderabad, and 35 elevators at RMZ Spire in Hyderabad, India.
  • In May 2018, Otis Elevator Company launched its Gen2 Elevator for the global high-rise market, expanding its popular Gen2 family of elevators. The new, faster Gen2 Machine-Roomless (MRL) system is designed for buildings with a rise up to 150 meters or 50 floors, with a maximum speed of 3.5 m/s.
  • In February 2018, Mitsubishi Electric Corporation announced that its subsidiary, Mitsubishi Elevator Korea Co., Ltd., will begin operating a new elevator factory in the Incheon Free Economic Zone in South Korea. The factory is expected to have an R&D center. It is likely to expand its current production capacity by 2.5 times to 4,000 units.

Each of these players has been profiled in the global elevators market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Elevators Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 75.23 Bn

Market Forecast Value in 2031

US$ 215.31 Bn

Growth Rate

(CAGR)

11.2%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value & Thousand Units for Volume

Market Analysis

Includes cross segment analysis at regional as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Deck Type
    • Single-deck
    • Double-deck
  • Building Height
    • Low-rise
    • Mid-rise
    • High-rise
  • Speed
    • Less than 1 m/s
    • Between 1 to 3 m/s
    • Between 4 to 6 m/s
    • Between 7 to 10 m/s
    • Above 10 m/s
  • Destination Control
    • Smart
    • Conventional
  • End-use
    • Residential
    • Commercial
    • Mix Block
  • Application
    • Passenger
    • Freight

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Electra Elevator
  • Fujitec
  • Hitachi Ltd.
  • Hyundai Elevator
  • KONE OYJ
  • Mitsubishi Electric Corporation
  • Otis Elevator Company
  • Schindler
  • ThyssenKrupp AG
  • Toshiba

Customization Scope

Available upon request

Pricing

Available upon request

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Frequently Asked Questions

How big was the global elevators market in 2021?

The global elevators market was valued at US$ 75.23 Bn in 2021

What will be the CAGR of the global elevators market during the forecast period?

The global elevators market is projected to advance at a CAGR of 11.2% from 2022 to 2031

What are the drivers of the global elevators market?

Rapid urbanization and rise in population are expected to drive the global elevators market during the forecast period

How is the deck type segment performing in the global elevators market?

The single-deck segment accounted for significant share of the global market in 2021

How promising is North America in the global elevators market?

North America is likely to be one of the lucrative markets in the next few years

Who are the prominent players in the global elevators market?

Otis Elevator Company, KONE OYJ, Schindler, Fujitec, Hitachi Ltd., Hyundai Elevator, Electra Elevator, Mitsubishi Electric Corporation, ThyssenKrupp AG, and Toshiba

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Regional Snapshot

    5.2. Market Dynamics

        5.2.1. Drivers

        5.2.2. Restraints

        5.2.3. Opportunities

    5.3. Key Trends Analysis

        5.3.1. Demand Side Analysis

        5.3.2. Supply Side Analysis

    5.4. Key Market Indicators

    5.5. Porter’s Five Forces Analysis

    5.6. Value Chain Analysis

    5.7. Industry SWOT Analysis

    5.8. Regulatory Framework

    5.9. Global Elevators Market Analysis and Forecast, 2017 - 2031

        5.9.1. Market Revenue Projections (US$ Mn)

        5.9.2. Market Revenue Projections (Thousand Units)

6. Global Elevators Market Analysis and Forecast, By Deck Type

    6.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        6.1.1. Single-deck

        6.1.2. Double-deck

    6.2. Incremental Opportunity, By Deck Type

7. Global Elevators Market Analysis and Forecast, By Building Height

    7.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        7.1.1. Low-rise

        7.1.2. Mid-rise

        7.1.3. High-rise

    7.2. Incremental Opportunity, By Building Height

8. Global Elevators Market Analysis and Forecast, By Speed

    8.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        8.1.1. Less than 1 m/s

        8.1.2. Between 1 to 3 m/s

        8.1.3. Between 4 to 6 m/s

        8.1.4. Between 7 to 10 m/s

        8.1.5. Above 10 m/s

    8.2. Incremental Opportunity, By Speed

9. Global Elevators Market Analysis and Forecast, By Destination Control

    9.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        9.1.1. Smart

        9.1.2. Conventional

    9.2. Incremental Opportunity, By Destination Control

10. Global Elevators Market Analysis and Forecast, By End-use

    10.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        10.1.1. Residential

        10.1.2. Commercial

        10.1.3. Mix Block

    10.2. Incremental Opportunity, By End-use

11. Global Elevators Market Analysis and Forecast, By Application

    11.1. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        11.1.1. Passenger

        11.1.2. Freight

    11.2. Incremental Opportunity, By Application

12. Global Elevators Market Analysis and Forecast, by Region

    12.1. Elevators Market (US$ Mn and Thousand Units), Region, 2017 - 2031

        12.1.1. North America

        12.1.2. Europe

        12.1.3. Asia Pacific

        12.1.4. Middle East & Africa

        12.1.5. South America

    12.2. Incremental Opportunity, by Region

13. North America Elevators Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Price Trend Analysis

        13.2.1. Weighted Average Selling Price (US$)

    13.3. Key Trends Analysis

        13.3.1. Demand Side

        13.3.2. Supply Side

    13.4. Key Supplier Analysis

    13.5. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        13.5.1. Single-deck

        13.5.2. Double-deck

    13.6. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        13.6.1. Low-rise

        13.6.2. Mid-rise

        13.6.3. High-rise

    13.7. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        13.7.1. Less than 1 m/s

        13.7.2. Between 1 to 3 m/s

        13.7.3. Between 4 to 6 m/s

        13.7.4. Between 7 to 10 m/s

        13.7.5. Above 10 m/s

    13.8. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        13.8.1. Smart

        13.8.2. Conventional

    13.9. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        13.9.1. Residential

        13.9.2. Commercial

        13.9.3. Mix Block

    13.10. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        13.10.1. Passenger

        13.10.2. Freight

    13.11. Elevators Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031

        13.11.1. U.S.

        13.11.2. Canada

        13.11.3. Rest of North America

    13.12. Incremental Opportunity Analysis

14. Europe Elevators Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Price Trend Analysis

        14.2.1. Weighted Average Selling Price (US$)

    14.3. Key Trends Analysis

        14.3.1. Demand Side

        14.3.2. Supply Side

    14.4. Key Supplier Analysis

    14.5. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        14.5.1. Single-deck

        14.5.2. Double-deck

    14.6. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        14.6.1. Low-rise

        14.6.2. Mid-rise

        14.6.3. High-rise

    14.7. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        14.7.1. Less than 1 m/s

        14.7.2. Between 1 to 3 m/s

        14.7.3. Between 4 to 6 m/s

        14.7.4. Between 7 to 10 m/s

        14.7.5. Above 10 m/s

    14.8. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        14.8.1. Smart

        14.8.2. Conventional

    14.9. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        14.9.1. Residential

        14.9.2. Commercial

        14.9.3. Mix Block

    14.10. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        14.10.1. Passenger

        14.10.2. Freight

    14.11. Elevators Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031

        14.11.1. U.K

        14.11.2. Germany

        14.11.3. France

        14.11.4. Italy

        14.11.5. Rest of Europe

    14.12. Incremental Opportunity Analysis

15. Asia Pacific Elevators Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Price Trend Analysis

        15.2.1. Weighted Average Selling Price (US$)

    15.3. Key Trends Analysis

        15.3.1. Demand Side

        15.3.2. Supply Side

    15.4. Key Supplier Analysis

    15.5. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        15.5.1. Single-deck

        15.5.2. Double-deck

    15.6. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        15.6.1. Low-rise

        15.6.2. Mid-rise

        15.6.3. High-rise

    15.7. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        15.7.1. Less than 1 m/s

        15.7.2. Between 1 to 3 m/s

        15.7.3. Between 4 to 6 m/s

        15.7.4. Between 7 to 10 m/s

        15.7.5. Above 10 m/s

    15.8. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        15.8.1. Smart

        15.8.2. Conventional

    15.9. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        15.9.1. Residential

        15.9.2. Commercial

        15.9.3. Mix Block

    15.10. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        15.10.1. Passenger

        15.10.2. Freight

    15.11. Elevators Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031

        15.11.1. China

        15.11.2. India

        15.11.3. Japan

        15.11.4. Rest of Asia Pacific

    15.12. Incremental Opportunity Analysis

16. Middle East & Africa Elevators Market Analysis and Forecast

    16.1. Regional Snapshot

    16.2. Price Trend Analysis

        16.2.1. Weighted Average Selling Price (US$)

    16.3. Key Trends Analysis

        16.3.1. Demand Side

        16.3.2. Supply Side

    16.4. Key Supplier Analysis

    16.5. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        16.5.1. Single-deck

        16.5.2. Double-deck

    16.6. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        16.6.1. Low-rise

        16.6.2. Mid-rise

        16.6.3. High-rise

    16.7. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        16.7.1. Less than 1 m/s

        16.7.2. Between 1 to 3 m/s

        16.7.3. Between 4 to 6 m/s

        16.7.4. Between 7 to 10 m/s

        16.7.5. Above 10 m/s

    16.8. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        16.8.1. Smart

        16.8.2. Conventional

    16.9. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        16.9.1. Residential

        16.9.2. Commercial

        16.9.3. Mix Block

    16.10. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        16.10.1. Passenger

        16.10.2. Freight

    16.11. Elevators Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031

        16.11.1. GCC

        16.11.2. South Africa

        16.11.3. Rest of Middle East & Africa

    16.12. Incremental Opportunity Analysis

17. South America Elevators Market Analysis and Forecast

    17.1. Regional Snapshot

    17.2. Price Trend Analysis

        17.2.1. Weighted Average Selling Price (US$)

    17.3. Key Trends Analysis

        17.3.1. Demand Side

        17.3.2. Supply Side

    17.4. Key Supplier Analysis

    17.5. Elevators Market (US$ Mn and Thousand Units) Forecast, By Deck Type, 2017 - 2031

        17.5.1. Single-deck

        17.5.2. Double-deck

    17.6. Elevators Market (US$ Mn and Thousand Units) Forecast, By Building Height, 2017 - 2031

        17.6.1. Low-rise

        17.6.2. Mid-rise

        17.6.3. High-rise

    17.7. Elevators Market (US$ Mn and Thousand Units) Forecast, By Speed, 2017 - 2031

        17.7.1. Less than 1 m/s

        17.7.2. Between 1 to 3 m/s

        17.7.3. Between 4 to 6 m/s

        17.7.4. Between 7 to 10 m/s

        17.7.5. Above 10 m/s

    17.8. Elevators Market (US$ Mn and Thousand Units) Forecast, By Destination Control, 2017 - 2031

        17.8.1. Smart

        17.8.2. Conventional

    17.9. Elevators Market (US$ Mn and Thousand Units) Forecast, By End-use, 2017 - 2031

        17.9.1. Residential

        17.9.2. Commercial

        17.9.3. Mix Block

    17.10. Elevators Market (US$ Mn and Thousand Units) Forecast, By Application, 2017 - 2031

        17.10.1. Passenger

        17.10.2. Freight

    17.11. Elevators Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031

        17.11.1. Brazil

        17.11.2. Rest of South America

    17.12. Incremental Opportunity Analysis

18. Competition Landscape

    18.1. Market Player – Competition Dashboard

    18.2. Market Revenue Share Analysis (%), By Company, (2021)

    18.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

        18.3.1. Otis Elevator Company

            18.3.1.1. Company Overview

            18.3.1.2. Sales Area/Geographical Presence

            18.3.1.3. Revenue

            18.3.1.4. Strategy & Business Overview

        18.3.2. KONE Oyj

            18.3.2.1. Company Overview

            18.3.2.2. Sales Area/Geographical Presence

            18.3.2.3. Revenue

            18.3.2.4. Strategy & Business Overview

        18.3.3. Schindler

            18.3.3.1. Company Overview

            18.3.3.2. Sales Area/Geographical Presence

            18.3.3.3. Revenue

            18.3.3.4. Strategy & Business Overview

        18.3.4. Fujitec Co., Ltd.

            18.3.4.1. Company Overview

            18.3.4.2. Sales Area/Geographical Presence

            18.3.4.3. Revenue

            18.3.4.4. Strategy & Business Overview

        18.3.5. Hitachi, Ltd.

            18.3.5.1. Company Overview

            18.3.5.2. Sales Area/Geographical Presence

            18.3.5.3. Revenue

            18.3.5.4. Strategy & Business Overview

        18.3.6. Hyundai Elevator Co., Ltd.

            18.3.6.1. Company Overview

            18.3.6.2. Sales Area/Geographical Presence

            18.3.6.3. Revenue

            18.3.6.4. Strategy & Business Overview

        18.3.7. Electra Elevators

            18.3.7.1. Company Overview

            18.3.7.2. Sales Area/Geographical Presence

            18.3.7.3. Revenue

            18.3.7.4. Strategy & Business Overview

        18.3.8. Mitsubishi Electric Corporation

            18.3.8.1. Company Overview

            18.3.8.2. Sales Area/Geographical Presence

            18.3.8.3. Revenue

            18.3.8.4. Strategy & Business Overview

        18.3.9. ThyssenKrupp AG

            18.3.9.1. Company Overview

            18.3.9.2. Sales Area/Geographical Presence

            18.3.9.3. Revenue

            18.3.9.4. Strategy & Business Overview

        18.3.10. Toshiba Corporation

            18.3.10.1. Company Overview

            18.3.10.2. Sales Area/Geographical Presence

            18.3.10.3. Revenue

            18.3.10.4. Strategy & Business Overview

19. Key Takeaway

    19.1. Identification of Potential Market Spaces

        19.1.1. Deck Type

        19.1.2. Building Height

        19.1.3. Speed

        19.1.4. Destination Control

        19.1.5. End-use

        19.1.6. Application

        19.1.7. Region

    19.2. Prevailing Market Risks

List of Tables

Table 1: Global Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 2: Global Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 3: Global Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 4: Global Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 5: Global Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 6: Global Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 7: Global Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 8: Global Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 9: Global Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 10: Global Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 11: Global Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 12: Global Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 13: Global Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 14: Global Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Table 15: North America Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 16: North America Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 17: North America Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 18: North America Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 19: North America Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 20: North America Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 21: North America Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 22: North America Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 23: North America Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 24: North America Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 25: North America Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 26: North America Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 27: North America Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 28: North America Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Table 29: Europe Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 30: Europe Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 31: Europe Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 32: Europe Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 33: Europe Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 34: Europe Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 35: Europe Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 36: Europe Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 37: Europe Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 38: Europe Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 39: Europe Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 40: Europe Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 41: Europe Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 42: Europe Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Table 43: APAC Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 44: APAC Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 45: APAC Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 46: APAC Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 47: APAC Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 48: APAC Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 49: APAC Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 50: APAC Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 51: APAC Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 52: APAC Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 53: APAC Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 54: APAC Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 55: APAC Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 56: APAC Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Table 57: MEA Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 58: MEA Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 59: MEA Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 60: MEA Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 61: MEA Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 62: MEA Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 63: MEA Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 64: MEA Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 65: MEA Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 66: MEA Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 67: MEA Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 68: MEA Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 69: MEA Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 70: MEA Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Table 71: South America Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Table 72: South America Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Table 73: South America Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Table 74: South America Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Table 75: South America Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Table 76: South America Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Table 77: South America Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Table 78: South America Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Table 79: South America Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Table 80: South America Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Table 81: South America Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Table 82: South America Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Table 83: South America Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Table 84: South America Elevators Market Value (US$ Mn) by Region, 2017 - 2031

List of Figures

Figure 1: Global Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 2: Global Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 3: Global Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 4: Global Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 5: Global Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 6: Global Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 7: Global Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 8: Global Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 9: Global Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 10: Global Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 11: Global Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 12: Global Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 13: Global Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 14: Global Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 15: Global Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 16: Global Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 17: Global Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 18: Global Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 19: Global Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 20: Global Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 21: Global Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

Figure 22: North America Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 23: North America Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 24: North America Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 25: North America Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 26: North America Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 27: North America Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 28: North America Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 29: North America Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 30: North America Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 31: North America Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 32: North America Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 33: North America Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 34: North America Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 35: North America Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 36: North America Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 37: North America Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 38: North America Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 39: North America Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 40: North America Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 41: North America Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 42: North America Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

Figure 43: Europe Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 44: Europe Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 45: Europe Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 46: Europe Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 47: Europe Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 48: Europe Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 49: Europe Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 50: Europe Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 51: Europe Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 52: Europe Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 53: Europe Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 54: Europe Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 55: Europe Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 56: Europe Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 57: Europe Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 58: Europe Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 59: Europe Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 60: Europe Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 61: Europe Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 62: Europe Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 63: Europe Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

Figure 64: APAC Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 65: APAC Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 66: APAC Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 67: APAC Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 68: APAC Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 69: APAC Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 70: APAC Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 71: APAC Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 72: APAC Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 73: APAC Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 74: APAC Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 75: APAC Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 76: APAC Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 77: APAC Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 78: APAC Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 79: APAC Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 80: APAC Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 81: APAC Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 82: APAC Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 83: APAC Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 84: APAC Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

Figure 85: MEA Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 86: MEA Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 87: MEA Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 88: MEA Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 89: MEA Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 90: MEA Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 91: MEA Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 92: MEA Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 93: MEA Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 94: MEA Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 95: MEA Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 96: MEA Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 97: MEA Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 98: MEA Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 99: MEA Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 100: MEA Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 101: MEA Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 102: MEA Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 103: MEA Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 104: MEA Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 105: MEA Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

Figure 106: South America Elevators Market Volume (Thousand Units) by Deck Type, 2017 - 2031

Figure 107: South America Elevators Market Value (US$ Mn) by Deck Type, 2017 - 2031

Figure 108: South America Elevators Market Incremental Opportunity by Deck Type, Forecast 2022 - 2031

Figure 109: South America Elevators Market Volume (Thousand Units) by Building Height, 2017 - 2031

Figure 110: South America Elevators Market Value (US$ Mn) by Building Height, 2017 - 2031

Figure 111: South America Elevators Market Incremental Opportunity by Building Height, Forecast 2022 - 2031

Figure 112: South America Elevators Market Volume (Thousand Units) by Speed, 2017 - 2031

Figure 113: South America Elevators Market Value (US$ Mn) by Speed, 2017 - 2031

Figure 114: South America Elevators Market Incremental Opportunity by Speed, Forecast, 2022 - 2031

Figure 115: South America Elevators Market Volume (Thousand Units) by Destination Control, 2017 - 2031

Figure 116: South America Elevators Market Value (US$ Mn) by Destination Control, 2017 - 2031

Figure 117: South America Elevators Market Incremental Opportunity by Destination Control, Forecast 2022 - 2031

Figure 118: South America Elevators Market Volume (Thousand Units)by End-use, 2017 - 2031

Figure 119: South America Elevators Market Value (US$ Mn)by End-use, 2017 - 2031

Figure 120: South America Elevators Market Incremental Opportunity by End-use, Forecast 2022 - 2031

Figure 121: South America Elevators Market Volume (Thousand Units) by Application, 2017 - 2031

Figure 122: South America Elevators Market Value (US$ Mn) by Application, 2017 - 2031

Figure 123: South America Elevators Market Incremental Opportunity by Application, Forecast 2022 - 2031

Figure 124: South America Elevators Market Volume (Thousand Units) by Region, 2017 - 2031

Figure 125: South America Elevators Market Value (US$ Mn) by Region, 2017 - 2031

Figure 126: South America Elevators Market Incremental Opportunity by Region, Forecast 2022 - 2031

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