+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Elevator Market - Global Forecast 2026-2032- Product Image
Elevator Market - Global Forecast 2026-2032- Product Image
New

Elevator Market - Global Forecast 2026-2032

  • PDF Icon

    Report

  • 188 Pages
  • January 2026
  • Region: Global
  • 360iResearch™
  • ID: 4896596
1h Free Analyst Time
Description Jump to:
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The elevator market is evolving as urban environments, construction demands, and technology converge, challenging senior decision-makers to refine strategies and maintain a strong competitive edge. Leaders must anticipate regulatory and market shifts while optimizing mobility solutions across sectors.

Market Snapshot: Elevator Market Size and Growth

The elevator market expanded from USD 86.19 billion in 2025 to USD 92.03 billion in 2026, with projections signaling USD 138.41 billion by 2032 at a CAGR of 7.00%. This trajectory highlights ongoing investments in both new installations and modernization efforts within urban centers globally. The surge in both commercial and residential development underscores the elevator market’s crucial role in enabling vertical mobility and efficient building operations. As urbanization continues, the demand for robust modernization programs and the deployment of advanced mobility technologies deepens, reflecting the market’s pivotal place in infrastructure planning and asset management.

Scope & Segmentation of the Elevator Market

  • Product Types: Passenger elevators are central to people movement, while service elevators are used for goods and logistical tasks. Freight elevators are critical for industrial and heavy-duty operations, and dumbwaiters support efficient transfer of modest loads within buildings.
  • Service Modalities: Maintenance and repair focus on maintaining system reliability. Modernization initiatives adapt assets to current standards and efficiency needs. New installations address growth in both new developments and renovations across regions.
  • Technology Choices: Hydraulic elevators represent solutions for low- and mid-rise installations. Traction elevators, including space-saving machine room-less designs, enable high-rise development. Both geared and gearless variants enable flexibility in project design and energy management.
  • Control Strategies: Automatic controls streamline passenger flow and traffic management, while manual systems serve environments with limited use. Advanced dispatch solutions are increasingly used in dense urban and commercial zones to optimize movement patterns.
  • End-User Needs: Commercial users prioritize system uptime and user experience. Industrial environments rely on high-capacity and durable designs. Institutional buildings value compliance and universal accessibility, while residential projects focus on seamless integration and long-term reliability.
  • Regions Covered: The Americas emphasize system upgrades and energy savings. EMEA addresses scalability and compliance to evolving codes. Asia-Pacific stands out for high-speed elevator deployments and solutions customized for its rapid urbanization.

Key Takeaways for Senior Decision-Makers

  • Lifecycle value and asset reliability weigh heavily in procurement decisions, reinforcing the importance of long-term asset performance in competitive building environments.
  • Digital integration supports predictive maintenance, allowing for outcome-focused service models and streamlined management of elevator assets.
  • Energy-efficient systems and the use of recyclable materials align with emerging sustainability goals and regulations, encouraging partial upgrades over full system replacements.
  • Strategic partnerships with ecosystem players in controls, analytics, and service enable companies to differentiate through greater flexibility and responsive client support.
  • Tailored regional approaches are essential: while North and South America favor modernization, EMEA’s needs revolve around regulation and scalability, and Asia-Pacific drives accelerated urban technology adoption for customized projects.

Tariff Impact and Supply Chain Adaptation

  • Manufacturers localize assembly operations, diversify supplier portfolios, and invest in supply chain resilience to address shifting tariffs and geopolitical risk.
  • Procurement strategies increasingly include contingency clauses, phased ordering, and regional sourcing commitments to support proactive adaptation to market volatility.
  • With new equipment pricing and lead times rising, building owners are turning to service and upgrade options, making aftermarket modernization a preferred choice for extending system value.

Methodology & Data Sources

This report uses a mixed-methods approach, combining direct input from industry stakeholders, technical literature, regulatory reviews, and detailed supply chain analysis. Scenario-based case studies and stress-testing ensure recommendations align with operational realities and current best practices.

Why This Elevator Market Report Matters

  • Supports executive teams in aligning technical specifications, regulatory considerations, and financial objectives to drive asset resilience across portfolios.
  • Enables procurement and supply chain leaders to develop agile sourcing and design strategies that help manage market and operational risks.
  • Provides technical and commercial teams with actionable benchmarks for modernization and service models to sustain competitive advantage.

Conclusion

Digital integration, modular modernization, and adaptable supply chains are key to navigating evolving elevator market demands. A strategic focus on sustainable technology and service decisions positions leaders for continued operational resilience and growth.

 

Additional Product Information:

  • Purchase of this report includes 1 year online access with quarterly updates.
  • This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders
2. Research Methodology
2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations
3. Executive Summary
3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap
4. Market Overview
4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy
5. Market Insights
5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis
6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025
8. Elevator Market, by Type
8.1. Dumbwaiter
8.2. Freight Elevator
8.3. Passenger Elevator
8.4. Service Elevator
9. Elevator Market, by Service Type
9.1. Maintenance & Repair
9.2. Modernization
9.3. New installation
10. Elevator Market, by Technology
10.1. Hydraulic Elevator
10.2. Machine Room-Less Traction Elevator
10.3. Traction Elevator
11. Elevator Market, by Machine Type
11.1. Geared Machine
11.2. Gearless Machine
12. Elevator Market, by Control system
12.1. Automatic Elevators
12.2. Manual Elevators
13. Elevator Market, by End-User
13.1. Commercial Buildings
13.2. Industrial Facilities
13.3. Institutional Buildings
13.4. Residential Buildings
14. Elevator Market, by Region
14.1. Americas
14.1.1. North America
14.1.2. Latin America
14.2. Europe, Middle East & Africa
14.2.1. Europe
14.2.2. Middle East
14.2.3. Africa
14.3. Asia-Pacific
15. Elevator Market, by Group
15.1. ASEAN
15.2. GCC
15.3. European Union
15.4. BRICS
15.5. G7
15.6. NATO
16. Elevator Market, by Country
16.1. United States
16.2. Canada
16.3. Mexico
16.4. Brazil
16.5. United Kingdom
16.6. Germany
16.7. France
16.8. Russia
16.9. Italy
16.10. Spain
16.11. China
16.12. India
16.13. Japan
16.14. Australia
16.15. South Korea
17. United States Elevator Market
18. China Elevator Market
19. Competitive Landscape
19.1. Market Concentration Analysis, 2025
19.1.1. Concentration Ratio (CR)
19.1.2. Herfindahl Hirschman Index (HHI)
19.2. Recent Developments & Impact Analysis, 2025
19.3. Product Portfolio Analysis, 2025
19.4. Benchmarking Analysis, 2025
19.5. Blain Hydraulics GmbH
19.6. Chuo Elevator Co., Ltd.
19.7. Dong Yang Elevator Co., Ltd.
19.8. EITA Resources Berhad
19.9. Express Elevators Corporation
19.10. Fain Ascensores S.A.
19.11. Fujitec Co., Ltd.
19.12. GMV Martini S.p.A.
19.13. Gulf Elevator & Escalator Co. Ltd.
19.14. Hitachi, Ltd.
19.15. Hyundai Elevator Co., Ltd.
19.16. Kleemann Hellas SA
19.17. KONE Corporation
19.18. Mitsubishi Electric Corporation
19.19. OK Elevator PVT. LTD.
19.20. Orona Group
19.21. Otis Worldwide Corporation
19.22. Schindler Group
19.23. Sicher Elevator Co., Ltd.
19.24. Sigma Elevator Company
19.25. SJEC Corporation
19.26. Stiltz Limited
19.27. TK Elevator GmbH
19.28. Toshiba Corporation
19.29. Yungtay Engineering Co., Ltd.
19.30. Zhejiang Meilun Elevator Co., Ltd.
List of Figures
FIGURE 1. GLOBAL ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL ELEVATOR MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL ELEVATOR MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL ELEVATOR MARKET SIZE, BY TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL ELEVATOR MARKET SIZE, BY END-USER, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL ELEVATOR MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL ELEVATOR MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. GLOBAL ELEVATOR MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 13. UNITED STATES ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 14. CHINA ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
List of Tables
TABLE 1. GLOBAL ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL ELEVATOR MARKET SIZE, BY DUMBWAITER, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL ELEVATOR MARKET SIZE, BY DUMBWAITER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL ELEVATOR MARKET SIZE, BY DUMBWAITER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL ELEVATOR MARKET SIZE, BY FREIGHT ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL ELEVATOR MARKET SIZE, BY FREIGHT ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL ELEVATOR MARKET SIZE, BY FREIGHT ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL ELEVATOR MARKET SIZE, BY PASSENGER ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL ELEVATOR MARKET SIZE, BY PASSENGER ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL ELEVATOR MARKET SIZE, BY PASSENGER ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL ELEVATOR MARKET SIZE, BY SERVICE ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL ELEVATOR MARKET SIZE, BY SERVICE ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL ELEVATOR MARKET SIZE, BY SERVICE ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL ELEVATOR MARKET SIZE, BY MAINTENANCE & REPAIR, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL ELEVATOR MARKET SIZE, BY MAINTENANCE & REPAIR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL ELEVATOR MARKET SIZE, BY MAINTENANCE & REPAIR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL ELEVATOR MARKET SIZE, BY MODERNIZATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL ELEVATOR MARKET SIZE, BY MODERNIZATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL ELEVATOR MARKET SIZE, BY MODERNIZATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL ELEVATOR MARKET SIZE, BY NEW INSTALLATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL ELEVATOR MARKET SIZE, BY NEW INSTALLATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL ELEVATOR MARKET SIZE, BY NEW INSTALLATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL ELEVATOR MARKET SIZE, BY HYDRAULIC ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL ELEVATOR MARKET SIZE, BY HYDRAULIC ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL ELEVATOR MARKET SIZE, BY HYDRAULIC ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL ELEVATOR MARKET SIZE, BY MACHINE ROOM-LESS TRACTION ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL ELEVATOR MARKET SIZE, BY MACHINE ROOM-LESS TRACTION ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL ELEVATOR MARKET SIZE, BY MACHINE ROOM-LESS TRACTION ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL ELEVATOR MARKET SIZE, BY TRACTION ELEVATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL ELEVATOR MARKET SIZE, BY TRACTION ELEVATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL ELEVATOR MARKET SIZE, BY TRACTION ELEVATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL ELEVATOR MARKET SIZE, BY GEARED MACHINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL ELEVATOR MARKET SIZE, BY GEARED MACHINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL ELEVATOR MARKET SIZE, BY GEARED MACHINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL ELEVATOR MARKET SIZE, BY GEARLESS MACHINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL ELEVATOR MARKET SIZE, BY GEARLESS MACHINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL ELEVATOR MARKET SIZE, BY GEARLESS MACHINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL ELEVATOR MARKET SIZE, BY AUTOMATIC ELEVATORS, BY REGION, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL ELEVATOR MARKET SIZE, BY AUTOMATIC ELEVATORS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL ELEVATOR MARKET SIZE, BY AUTOMATIC ELEVATORS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL ELEVATOR MARKET SIZE, BY MANUAL ELEVATORS, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL ELEVATOR MARKET SIZE, BY MANUAL ELEVATORS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL ELEVATOR MARKET SIZE, BY MANUAL ELEVATORS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL ELEVATOR MARKET SIZE, BY COMMERCIAL BUILDINGS, BY REGION, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL ELEVATOR MARKET SIZE, BY COMMERCIAL BUILDINGS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL ELEVATOR MARKET SIZE, BY COMMERCIAL BUILDINGS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL ELEVATOR MARKET SIZE, BY INDUSTRIAL FACILITIES, BY REGION, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL ELEVATOR MARKET SIZE, BY INDUSTRIAL FACILITIES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL ELEVATOR MARKET SIZE, BY INDUSTRIAL FACILITIES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL ELEVATOR MARKET SIZE, BY INSTITUTIONAL BUILDINGS, BY REGION, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL ELEVATOR MARKET SIZE, BY INSTITUTIONAL BUILDINGS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL ELEVATOR MARKET SIZE, BY INSTITUTIONAL BUILDINGS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL ELEVATOR MARKET SIZE, BY RESIDENTIAL BUILDINGS, BY REGION, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL ELEVATOR MARKET SIZE, BY RESIDENTIAL BUILDINGS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL ELEVATOR MARKET SIZE, BY RESIDENTIAL BUILDINGS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL ELEVATOR MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 63. AMERICAS ELEVATOR MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 64. AMERICAS ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 65. AMERICAS ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 66. AMERICAS ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 67. AMERICAS ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 68. AMERICAS ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 69. AMERICAS ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 70. NORTH AMERICA ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. NORTH AMERICA ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 72. NORTH AMERICA ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 73. NORTH AMERICA ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 74. NORTH AMERICA ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 75. NORTH AMERICA ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 76. NORTH AMERICA ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 77. LATIN AMERICA ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 78. LATIN AMERICA ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 79. LATIN AMERICA ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 80. LATIN AMERICA ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 81. LATIN AMERICA ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 82. LATIN AMERICA ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 83. LATIN AMERICA ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 84. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 85. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 86. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 87. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 88. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 89. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 90. EUROPE, MIDDLE EAST & AFRICA ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 91. EUROPE ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 92. EUROPE ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 93. EUROPE ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 94. EUROPE ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 95. EUROPE ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 96. EUROPE ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 97. EUROPE ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 98. MIDDLE EAST ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. MIDDLE EAST ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 100. MIDDLE EAST ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 101. MIDDLE EAST ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 102. MIDDLE EAST ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 103. MIDDLE EAST ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 104. MIDDLE EAST ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 105. AFRICA ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 106. AFRICA ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 107. AFRICA ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 108. AFRICA ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 109. AFRICA ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 110. AFRICA ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 111. AFRICA ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 112. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 113. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 114. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 115. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 116. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 117. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 118. ASIA-PACIFIC ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 119. GLOBAL ELEVATOR MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 120. ASEAN ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 121. ASEAN ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 122. ASEAN ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 123. ASEAN ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 124. ASEAN ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 125. ASEAN ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 126. ASEAN ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 127. GCC ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 128. GCC ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 129. GCC ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 130. GCC ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 131. GCC ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 132. GCC ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 133. GCC ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 134. EUROPEAN UNION ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 135. EUROPEAN UNION ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 136. EUROPEAN UNION ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 137. EUROPEAN UNION ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 138. EUROPEAN UNION ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 139. EUROPEAN UNION ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 140. EUROPEAN UNION ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 141. BRICS ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 142. BRICS ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 143. BRICS ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 144. BRICS ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 145. BRICS ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 146. BRICS ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 147. BRICS ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 148. G7 ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 149. G7 ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 150. G7 ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 151. G7 ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 152. G7 ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 153. G7 ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 154. G7 ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 155. NATO ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 156. NATO ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 157. NATO ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 158. NATO ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 159. NATO ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 160. NATO ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 161. NATO ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 162. GLOBAL ELEVATOR MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 163. UNITED STATES ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 164. UNITED STATES ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 165. UNITED STATES ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 166. UNITED STATES ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 167. UNITED STATES ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 168. UNITED STATES ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 169. UNITED STATES ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)
TABLE 170. CHINA ELEVATOR MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 171. CHINA ELEVATOR MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 172. CHINA ELEVATOR MARKET SIZE, BY SERVICE TYPE, 2018-2032 (USD MILLION)
TABLE 173. CHINA ELEVATOR MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 174. CHINA ELEVATOR MARKET SIZE, BY MACHINE TYPE, 2018-2032 (USD MILLION)
TABLE 175. CHINA ELEVATOR MARKET SIZE, BY CONTROL SYSTEM, 2018-2032 (USD MILLION)
TABLE 176. CHINA ELEVATOR MARKET SIZE, BY END-USER, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Elevator market report include:
  • Blain Hydraulics GmbH
  • Chuo Elevator Co., Ltd.
  • Dong Yang Elevator Co., Ltd.
  • EITA Resources Berhad
  • Express Elevators Corporation
  • Fain Ascensores S.A.
  • Fujitec Co., Ltd.
  • GMV Martini S.p.A.
  • Gulf Elevator & Escalator Co. Ltd.
  • Hitachi, Ltd.
  • Hyundai Elevator Co., Ltd.
  • Kleemann Hellas SA
  • KONE Corporation
  • Mitsubishi Electric Corporation
  • OK Elevator PVT. LTD.
  • Orona Group
  • Otis Worldwide Corporation
  • Schindler Group
  • Sicher Elevator Co., Ltd.
  • Sigma Elevator Company
  • SJEC Corporation
  • Stiltz Limited
  • TK Elevator GmbH
  • Toshiba Corporation
  • Yungtay Engineering Co., Ltd.
  • Zhejiang Meilun Elevator Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages188
PublishedJanuary 2026
Forecast Period2026 - 2032
Estimated Market Value ( USD ) in 2026 $ 92.03 Billion
Forecasted Market Value ( USD ) by 2032 $ 138.41 Billion
Compound Annual Growth Rate7.0%
Regions CoveredGlobal
No. of Companies Mentioned27

Related Topics

Related Reports

Commercial Elevator Rental Service Market - Global Forecast 2026-2032 - Product Image

Commercial Elevator Rental Service Market - Global Forecast 2026-2032

  • Report
  • 182 Pages
  • Global
From
Commercial Elevator Ropes Market - Global Forecast 2026-2032 - Product Image

Commercial Elevator Ropes Market - Global Forecast 2026-2032

  • Report
  • 190 Pages
  • Global
From
Elevator and Escalator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) - Product Image

Elevator and Escalator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

  • Report
  • 190 Pages
  • Global
From
Elevators & Escalators Market by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine-Room-Less, & Hydraulic), End-use Industry, and Region - Global Forecast to 2030 - Product Image

Elevators & Escalators Market by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine-Room-Less, & Hydraulic), End-use Industry, and Region - Global Forecast to 2030

  • Report
  • 296 Pages
  • Global
From
Elevator Emergency Communication System Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges - Product Image

Elevator Emergency Communication System Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges

  • Report
  • 150 Pages
  • Global
From

About the Elevator Market

The Elevator market is a subset of the Elevators and Escalators industry. It is composed of companies that design, manufacture, install, and maintain elevators and related products. Elevators are used in a variety of settings, including residential, commercial, and industrial buildings. They are also used in transportation systems, such as airports and subways. Elevator companies offer a range of products, including passenger elevators, freight elevators, and escalators. They also provide services such as maintenance, repair, and modernization. Many companies also offer energy-efficient solutions, such as regenerative drives and variable-frequency drives. The Elevator market is highly competitive, with many companies offering similar products and services. Companies must differentiate themselves through innovation, customer service, and pricing. Some of the major companies in the Elevator market include Kone, Otis, Schindler, ThyssenKrupp, Hitachi, Fujitec, Mitsubishi Electric, Hyundai, and Toshiba. Show Less Read more

Copyright © 2002-2026 Research and Markets. All Rights Reserved.