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Commercial Elevator-Global Market Insights and Sales Trends 2025

Commercial Elevator-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1835289

No of Pages : 113

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Synopsis
Commercial elevators can carry anywhere between 2,100 and 5,000 + pounds. The inner dimensions must be between 5 and 8 feet by 4 feet 3 inches and 5 feet 8 inches by 7 feet 11 inches. They are able to accommodate more weight and people than residential elevators.
The global Commercial Elevator market size is expected to reach US$ 14340 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Elevator in various end use industries. The expanding demands from the Industrial Area, Commercial Office, Transportation Hub Area and Other, are propelling Commercial Elevator market. Elevator (Vertical), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Escalator segment is estimated at % CAGR for the next seven-year period.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Commercial Elevator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Commercial Elevator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Commercial Elevator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Elevator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Commercial Elevator covered in this report include Otis, Schindler, ThyssenKrupp, Kone, Mitsubishi Electric, Hitachi, Canny Elevator, Toshiba and Fujitec, etc.
The global Commercial Elevator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Otis
Schindler
ThyssenKrupp
Kone
Mitsubishi Electric
Hitachi
Canny Elevator
Toshiba
Fujitec
Volkslift
Guuangri Gufen
Sicher Elevator
Yungtay Engineering
SJEC
Edunburgh Elevator
Suzhou Diao
Hangzhou XiOlift
Hyundai
CNYD
Global Commercial Elevator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Commercial Elevator market, Segment by Type:
Elevator (Vertical)
Escalator
Moving walkway
Global Commercial Elevator market, by Application
Industrial Area
Commercial Office
Transportation Hub Area
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Commercial Elevator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Commercial Elevator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Commercial Elevator Market Overview
1.1 Commercial Elevator Product Overview
1.2 Commercial Elevator Market Segment by Type
1.2.1 Elevator (Vertical)
1.2.2 Escalator
1.2.3 Moving walkway
1.3 Global Commercial Elevator Market Size by Type
1.3.1 Global Commercial Elevator Market Size Overview by Type (2018-2029)
1.3.2 Global Commercial Elevator Historic Market Size Review by Type (2018-2023)
1.3.3 Global Commercial Elevator Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Commercial Elevator Sales Breakdown by Type (2018-2023)
1.4.2 Europe Commercial Elevator Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Commercial Elevator Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Commercial Elevator Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Commercial Elevator Sales Breakdown by Type (2018-2023)
2 Global Commercial Elevator Market Competition by Company
2.1 Global Top Players by Commercial Elevator Sales (2018-2023)
2.2 Global Top Players by Commercial Elevator Revenue (2018-2023)
2.3 Global Top Players by Commercial Elevator Price (2018-2023)
2.4 Global Top Manufacturers Commercial Elevator Manufacturing Base Distribution, Sales Area, Product Type
2.5 Commercial Elevator Market Competitive Situation and Trends
2.5.1 Commercial Elevator Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Commercial Elevator Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Commercial Elevator as of 2022)
2.7 Date of Key Manufacturers Enter into Commercial Elevator Market
2.8 Key Manufacturers Commercial Elevator Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Commercial Elevator Status and Outlook by Region
3.1 Global Commercial Elevator Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Commercial Elevator Historic Market Size by Region
3.2.1 Global Commercial Elevator Sales in Volume by Region (2018-2023)
3.2.2 Global Commercial Elevator Sales in Value by Region (2018-2023)
3.2.3 Global Commercial Elevator Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Commercial Elevator Forecasted Market Size by Region
3.3.1 Global Commercial Elevator Sales in Volume by Region (2024-2029)
3.3.2 Global Commercial Elevator Sales in Value by Region (2024-2029)
3.3.3 Global Commercial Elevator Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Commercial Elevator by Application
4.1 Commercial Elevator Market Segment by Application
4.1.1 Industrial Area
4.1.2 Commercial Office
4.1.3 Transportation Hub Area
4.1.4 Other
4.2 Global Commercial Elevator Market Size by Application
4.2.1 Global Commercial Elevator Market Size Overview by Application (2018-2029)
4.2.2 Global Commercial Elevator Historic Market Size Review by Application (2018-2023)
4.2.3 Global Commercial Elevator Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Commercial Elevator Sales Breakdown by Application (2018-2023)
4.3.2 Europe Commercial Elevator Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Commercial Elevator Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Commercial Elevator Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Commercial Elevator Sales Breakdown by Application (2018-2023)
5 North America Commercial Elevator by Country
5.1 North America Commercial Elevator Historic Market Size by Country
5.1.1 North America Commercial Elevator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Commercial Elevator Sales in Volume by Country (2018-2023)
5.1.3 North America Commercial Elevator Sales in Value by Country (2018-2023)
5.2 North America Commercial Elevator Forecasted Market Size by Country
5.2.1 North America Commercial Elevator Sales in Volume by Country (2024-2029)
5.2.2 North America Commercial Elevator Sales in Value by Country (2024-2029)
6 Europe Commercial Elevator by Country
6.1 Europe Commercial Elevator Historic Market Size by Country
6.1.1 Europe Commercial Elevator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Commercial Elevator Sales in Volume by Country (2018-2023)
6.1.3 Europe Commercial Elevator Sales in Value by Country (2018-2023)
6.2 Europe Commercial Elevator Forecasted Market Size by Country
6.2.1 Europe Commercial Elevator Sales in Volume by Country (2024-2029)
6.2.2 Europe Commercial Elevator Sales in Value by Country (2024-2029)
7 Asia-Pacific Commercial Elevator by Region
7.1 Asia-Pacific Commercial Elevator Historic Market Size by Region
7.1.1 Asia-Pacific Commercial Elevator Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Commercial Elevator Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Commercial Elevator Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Commercial Elevator Forecasted Market Size by Region
7.2.1 Asia-Pacific Commercial Elevator Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Commercial Elevator Sales in Value by Region (2024-2029)
8 Latin America Commercial Elevator by Country
8.1 Latin America Commercial Elevator Historic Market Size by Country
8.1.1 Latin America Commercial Elevator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Commercial Elevator Sales in Volume by Country (2018-2023)
8.1.3 Latin America Commercial Elevator Sales in Value by Country (2018-2023)
8.2 Latin America Commercial Elevator Forecasted Market Size by Country
8.2.1 Latin America Commercial Elevator Sales in Volume by Country (2024-2029)
8.2.2 Latin America Commercial Elevator Sales in Value by Country (2024-2029)
9 Middle East and Africa Commercial Elevator by Country
9.1 Middle East and Africa Commercial Elevator Historic Market Size by Country
9.1.1 Middle East and Africa Commercial Elevator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Commercial Elevator Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Commercial Elevator Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Commercial Elevator Forecasted Market Size by Country
9.2.1 Middle East and Africa Commercial Elevator Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Commercial Elevator Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Otis
10.1.1 Otis Company Information
10.1.2 Otis Introduction and Business Overview
10.1.3 Otis Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Otis Commercial Elevator Products Offered
10.1.5 Otis Recent Development
10.2 Schindler
10.2.1 Schindler Company Information
10.2.2 Schindler Introduction and Business Overview
10.2.3 Schindler Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Schindler Commercial Elevator Products Offered
10.2.5 Schindler Recent Development
10.3 ThyssenKrupp
10.3.1 ThyssenKrupp Company Information
10.3.2 ThyssenKrupp Introduction and Business Overview
10.3.3 ThyssenKrupp Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ThyssenKrupp Commercial Elevator Products Offered
10.3.5 ThyssenKrupp Recent Development
10.4 Kone
10.4.1 Kone Company Information
10.4.2 Kone Introduction and Business Overview
10.4.3 Kone Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Kone Commercial Elevator Products Offered
10.4.5 Kone Recent Development
10.5 Mitsubishi Electric
10.5.1 Mitsubishi Electric Company Information
10.5.2 Mitsubishi Electric Introduction and Business Overview
10.5.3 Mitsubishi Electric Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Mitsubishi Electric Commercial Elevator Products Offered
10.5.5 Mitsubishi Electric Recent Development
10.6 Hitachi
10.6.1 Hitachi Company Information
10.6.2 Hitachi Introduction and Business Overview
10.6.3 Hitachi Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Commercial Elevator Products Offered
10.6.5 Hitachi Recent Development
10.7 Canny Elevator
10.7.1 Canny Elevator Company Information
10.7.2 Canny Elevator Introduction and Business Overview
10.7.3 Canny Elevator Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Canny Elevator Commercial Elevator Products Offered
10.7.5 Canny Elevator Recent Development
10.8 Toshiba
10.8.1 Toshiba Company Information
10.8.2 Toshiba Introduction and Business Overview
10.8.3 Toshiba Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Toshiba Commercial Elevator Products Offered
10.8.5 Toshiba Recent Development
10.9 Fujitec
10.9.1 Fujitec Company Information
10.9.2 Fujitec Introduction and Business Overview
10.9.3 Fujitec Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Fujitec Commercial Elevator Products Offered
10.9.5 Fujitec Recent Development
10.10 Volkslift
10.10.1 Volkslift Company Information
10.10.2 Volkslift Introduction and Business Overview
10.10.3 Volkslift Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Volkslift Commercial Elevator Products Offered
10.10.5 Volkslift Recent Development
10.11 Guuangri Gufen
10.11.1 Guuangri Gufen Company Information
10.11.2 Guuangri Gufen Introduction and Business Overview
10.11.3 Guuangri Gufen Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Guuangri Gufen Commercial Elevator Products Offered
10.11.5 Guuangri Gufen Recent Development
10.12 Sicher Elevator
10.12.1 Sicher Elevator Company Information
10.12.2 Sicher Elevator Introduction and Business Overview
10.12.3 Sicher Elevator Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Sicher Elevator Commercial Elevator Products Offered
10.12.5 Sicher Elevator Recent Development
10.13 Yungtay Engineering
10.13.1 Yungtay Engineering Company Information
10.13.2 Yungtay Engineering Introduction and Business Overview
10.13.3 Yungtay Engineering Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Yungtay Engineering Commercial Elevator Products Offered
10.13.5 Yungtay Engineering Recent Development
10.14 SJEC
10.14.1 SJEC Company Information
10.14.2 SJEC Introduction and Business Overview
10.14.3 SJEC Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.14.4 SJEC Commercial Elevator Products Offered
10.14.5 SJEC Recent Development
10.15 Edunburgh Elevator
10.15.1 Edunburgh Elevator Company Information
10.15.2 Edunburgh Elevator Introduction and Business Overview
10.15.3 Edunburgh Elevator Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Edunburgh Elevator Commercial Elevator Products Offered
10.15.5 Edunburgh Elevator Recent Development
10.16 Suzhou Diao
10.16.1 Suzhou Diao Company Information
10.16.2 Suzhou Diao Introduction and Business Overview
10.16.3 Suzhou Diao Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Suzhou Diao Commercial Elevator Products Offered
10.16.5 Suzhou Diao Recent Development
10.17 Hangzhou XiOlift
10.17.1 Hangzhou XiOlift Company Information
10.17.2 Hangzhou XiOlift Introduction and Business Overview
10.17.3 Hangzhou XiOlift Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Hangzhou XiOlift Commercial Elevator Products Offered
10.17.5 Hangzhou XiOlift Recent Development
10.18 Hyundai
10.18.1 Hyundai Company Information
10.18.2 Hyundai Introduction and Business Overview
10.18.3 Hyundai Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Hyundai Commercial Elevator Products Offered
10.18.5 Hyundai Recent Development
10.19 CNYD
10.19.1 CNYD Company Information
10.19.2 CNYD Introduction and Business Overview
10.19.3 CNYD Commercial Elevator Sales, Revenue and Gross Margin (2018-2023)
10.19.4 CNYD Commercial Elevator Products Offered
10.19.5 CNYD Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Commercial Elevator Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Commercial Elevator Industrial Chain Analysis
11.4 Commercial Elevator Market Dynamics
11.4.1 Commercial Elevator Industry Trends
11.4.2 Commercial Elevator Market Drivers
11.4.3 Commercial Elevator Market Challenges
11.4.4 Commercial Elevator Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Commercial Elevator Distributors
12.3 Commercial Elevator Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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