Industrial Hydraulic Elevators Market Report 2026

The industrial hydraulic elevators market size has grown strongly in recent years. It will grow from $4.69 billion in 2025 to $5 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrial expansion, factory automation growth, warehouse verticalization, demand for material handling systems, safety compliance requirements.

The industrial hydraulic elevators market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to smart factory adoption, industrial infrastructure investments, demand for heavy duty elevators, growth of logistics facilities, automation of vertical transport. Major trends in the forecast period include heavy load handling elevator systems, adoption in industrial facilities, integration of smart control systems, focus on operational reliability, customization for harsh environments.

The increasing industrial automation is expected to drive the growth of the industrial hydraulic elevators market in the coming years. Industrial automation involves the use of control systems such as computers, robots, and information technologies to manage and supervise industrial processes with minimal human intervention. This rise in industrial automation is fueled by the growing demand for improved productivity, as it enables faster, continuous, and more efficient operations while reducing reliance on manual labor. Industrial hydraulic elevators support industrial automation by facilitating seamless vertical material transport, thereby minimizing manual handling and enhancing workflow efficiency in automated production lines. For example, in September 2024, the International Federation of Robotics (IFR), a Germany-based non-profit organization, reported that 276,288 industrial robots were installed in China in 2023, representing 51% of global installations, with the industry expected to grow at an average annual rate of 5-10% through 2027. Consequently, the rise in industrial automation is propelling the growth of the industrial hydraulic elevators market.

The growing investment in infrastructure development is anticipated to boost the industrial hydraulic elevators market going forward. Infrastructure investment refers to the allocation of capital for the construction, enhancement, or maintenance of essential facilities. This investment is increasing due to rapid urbanization, which creates a need for improved transportation, utilities, and public services to accommodate expanding urban populations and economic activities. Infrastructure development investment stimulates demand for industrial hydraulic elevators by supporting the establishment of manufacturing units, storage warehouses, and industrial sites that rely on dependable vertical transportation systems for moving goods and personnel. For instance, in July 2024, the Office for National Statistics, a UK-based government agency, reported that infrastructure investment in 2023 reached $17.25 billion (£13.8 billion) in constant prices, reflecting a 3.9% increase from 2022. Therefore, rising infrastructure investment is driving growth in the industrial hydraulic elevators market.

Leading companies in the industrial hydraulic elevators market are concentrating on creating innovative solutions such as low-rise hydraulic elevators to enhance energy efficiency, ease installation, and address the requirements of space-constrained industrial environments. A low-rise hydraulic elevator is a vertical transport system designed for buildings with up to five floors, using hydraulic technology to provide smooth, efficient, and cost-effective movement. For example, in January 2024, TK Elevator GmbH, a Germany-based manufacturer, introduced the EOX-H, an energy-efficient and sustainable hydraulic elevator designed for low-rise buildings. This digitally advanced elevator features a compact design, reduced lead times, and cost optimization suitable for various budgets. Its advantages include improved safety and digital functionalities, eco and standby modes for energy conservation, and predictive maintenance to boost reliability and prolong service life.

Major companies operating in the industrial hydraulic elevators market are Hidral S.A., KLEEMANN Hellas S.A., IMEM Lifts S.r.l., Orona Group, Savaria Corporation, IGV Group, Sicher Elevator Co., Ltd., Canny Elevator Co., Ltd., Yungtay Engineering Co., Ltd., Fuji HD Elevator & Escalator Co., Ltd., Johnson Lifts Private Limited, Escon Elevators Pvt. Ltd., ALMAS Lifts Private Limited, AVT Beckett Elevators Ltd., Stannah Lifts Holdings Ltd., Klefer Elevadores S.A., MP Ascensores S.A., Express Lifts Company Ltd., Doppler S.A., Maruthi Lifts, Sigma Elevators, A Star Elevator Pvt. Ltd.

Europe was the largest region in the industrial hydraulic elevators market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial hydraulic elevators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial hydraulic elevators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial hydraulic elevators market consists of sales of material lifts, elevator control panels, hydraulic cylinders, and scissor lifts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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