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Elevator and Elevator Control-Global Market Insights and Sales Trends 2025
Synopsis
An elevator (US and Canada) or lift (UK, Australia, Ireland, New Zealand, India, South Africa, Nigeria) is a type of vertical transportation that moves people or goods between floors (levels, decks) of a building, vessel, or other structure.
The global Elevator and Elevator Control market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Elevator and Elevator Control in various end use industries. The expanding demands from the Residential and Commercial, are propelling Elevator and Elevator Control market. Elevator, 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 Elevator Control 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 players, 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 Elevator and Elevator Control, 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 Elevator and Elevator Control 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 Elevator and Elevator Control market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator and Elevator Control 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 Elevator and Elevator Control covered in this report include Thyssenkrupp, OTIS Elevator, Kone, Schindler Group, Hitachi, Hyundai Elevator, Toshiba Elevators and Building Systems, Mitsubishi Electric and Thames Valley Controls, etc.
The global Elevator and Elevator Control market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Thyssenkrupp
OTIS Elevator
Kone
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems
Mitsubishi Electric
Thames Valley Controls
Motion Control Engineering
Global Elevator and Elevator Control 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 Elevator and Elevator Control market, Segment by Type:
Elevator
Elevator Control
Global Elevator and Elevator Control market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Elevator and Elevator Control companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
An elevator (US and Canada) or lift (UK, Australia, Ireland, New Zealand, India, South Africa, Nigeria) is a type of vertical transportation that moves people or goods between floors (levels, decks) of a building, vessel, or other structure.
The global Elevator and Elevator Control market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Elevator and Elevator Control in various end use industries. The expanding demands from the Residential and Commercial, are propelling Elevator and Elevator Control market. Elevator, 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 Elevator Control 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 players, 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 Elevator and Elevator Control, 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 Elevator and Elevator Control 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 Elevator and Elevator Control market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator and Elevator Control 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 Elevator and Elevator Control covered in this report include Thyssenkrupp, OTIS Elevator, Kone, Schindler Group, Hitachi, Hyundai Elevator, Toshiba Elevators and Building Systems, Mitsubishi Electric and Thames Valley Controls, etc.
The global Elevator and Elevator Control market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Thyssenkrupp
OTIS Elevator
Kone
Schindler Group
Hitachi
Hyundai Elevator
Toshiba Elevators and Building Systems
Mitsubishi Electric
Thames Valley Controls
Motion Control Engineering
Global Elevator and Elevator Control 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 Elevator and Elevator Control market, Segment by Type:
Elevator
Elevator Control
Global Elevator and Elevator Control market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Elevator and Elevator Control companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Elevator and Elevator Control
1.1 Elevator and Elevator Control Market Overview
1.1.1 Elevator and Elevator Control Product Scope
1.1.2 Elevator and Elevator Control Market Status and Outlook
1.2 Global Elevator and Elevator Control Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Elevator and Elevator Control Market Size by Region (2018-2029)
1.4 Global Elevator and Elevator Control Historic Market Size by Region (2018-2023)
1.5 Global Elevator and Elevator Control Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Elevator and Elevator Control Market Size (2018-2029)
1.6.1 North America Elevator and Elevator Control Market Size (2018-2029)
1.6.2 Europe Elevator and Elevator Control Market Size (2018-2029)
1.6.3 Asia-Pacific Elevator and Elevator Control Market Size (2018-2029)
1.6.4 Latin America Elevator and Elevator Control Market Size (2018-2029)
1.6.5 Middle East & Africa Elevator and Elevator Control Market Size (2018-2029)
2 Elevator and Elevator Control Market by Type
2.1 Introduction
2.1.1 Elevator
2.1.2 Elevator Control
2.2 Global Elevator and Elevator Control Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Elevator and Elevator Control Historic Market Size by Type (2018-2023)
2.2.2 Global Elevator and Elevator Control Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Elevator and Elevator Control Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Elevator and Elevator Control Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Elevator and Elevator Control Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Elevator and Elevator Control Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Elevator and Elevator Control Revenue Breakdown by Type (2018-2029)
3 Elevator and Elevator Control Market Overview by Application
3.1 Introduction
3.1.1 Residential
3.1.2 Commercial
3.2 Global Elevator and Elevator Control Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Elevator and Elevator Control Historic Market Size by Application (2018-2023)
3.2.2 Global Elevator and Elevator Control Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Elevator and Elevator Control Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Elevator and Elevator Control Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Elevator and Elevator Control Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Elevator and Elevator Control Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Elevator and Elevator Control Revenue Breakdown by Application (2018-2029)
4 Elevator and Elevator Control Competition Analysis by Players
4.1 Global Elevator and Elevator Control Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Elevator and Elevator Control as of 2022)
4.3 Date of Key Players Enter into Elevator and Elevator Control Market
4.4 Global Top Players Elevator and Elevator Control Headquarters and Area Served
4.5 Key Players Elevator and Elevator Control Product Solution and Service
4.6 Competitive Status
4.6.1 Elevator and Elevator Control Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Thyssenkrupp
5.1.1 Thyssenkrupp Profile
5.1.2 Thyssenkrupp Main Business
5.1.3 Thyssenkrupp Elevator and Elevator Control Products, Services and Solutions
5.1.4 Thyssenkrupp Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.1.5 Thyssenkrupp Recent Developments
5.2 OTIS Elevator
5.2.1 OTIS Elevator Profile
5.2.2 OTIS Elevator Main Business
5.2.3 OTIS Elevator Elevator and Elevator Control Products, Services and Solutions
5.2.4 OTIS Elevator Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.2.5 OTIS Elevator Recent Developments
5.3 Kone
5.3.1 Kone Profile
5.3.2 Kone Main Business
5.3.3 Kone Elevator and Elevator Control Products, Services and Solutions
5.3.4 Kone Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.3.5 Schindler Group Recent Developments
5.4 Schindler Group
5.4.1 Schindler Group Profile
5.4.2 Schindler Group Main Business
5.4.3 Schindler Group Elevator and Elevator Control Products, Services and Solutions
5.4.4 Schindler Group Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.4.5 Schindler Group Recent Developments
5.5 Hitachi
5.5.1 Hitachi Profile
5.5.2 Hitachi Main Business
5.5.3 Hitachi Elevator and Elevator Control Products, Services and Solutions
5.5.4 Hitachi Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.5.5 Hitachi Recent Developments
5.6 Hyundai Elevator
5.6.1 Hyundai Elevator Profile
5.6.2 Hyundai Elevator Main Business
5.6.3 Hyundai Elevator Elevator and Elevator Control Products, Services and Solutions
5.6.4 Hyundai Elevator Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.6.5 Hyundai Elevator Recent Developments
5.7 Toshiba Elevators and Building Systems
5.7.1 Toshiba Elevators and Building Systems Profile
5.7.2 Toshiba Elevators and Building Systems Main Business
5.7.3 Toshiba Elevators and Building Systems Elevator and Elevator Control Products, Services and Solutions
5.7.4 Toshiba Elevators and Building Systems Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.7.5 Toshiba Elevators and Building Systems Recent Developments
5.8 Mitsubishi Electric
5.8.1 Mitsubishi Electric Profile
5.8.2 Mitsubishi Electric Main Business
5.8.3 Mitsubishi Electric Elevator and Elevator Control Products, Services and Solutions
5.8.4 Mitsubishi Electric Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.8.5 Mitsubishi Electric Recent Developments
5.9 Thames Valley Controls
5.9.1 Thames Valley Controls Profile
5.9.2 Thames Valley Controls Main Business
5.9.3 Thames Valley Controls Elevator and Elevator Control Products, Services and Solutions
5.9.4 Thames Valley Controls Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.9.5 Thames Valley Controls Recent Developments
5.10 Motion Control Engineering
5.10.1 Motion Control Engineering Profile
5.10.2 Motion Control Engineering Main Business
5.10.3 Motion Control Engineering Elevator and Elevator Control Products, Services and Solutions
5.10.4 Motion Control Engineering Elevator and Elevator Control Revenue (US$ Million) & (2018-2023)
5.10.5 Motion Control Engineering Recent Developments
6 North America
6.1 North America Elevator and Elevator Control Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Elevator and Elevator Control Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Elevator and Elevator Control Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Elevator and Elevator Control Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Elevator and Elevator Control Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Elevator and Elevator Control Market Dynamics
11.1 Elevator and Elevator Control Industry Trends
11.2 Elevator and Elevator Control Market Drivers
11.3 Elevator and Elevator Control Market Challenges
11.4 Elevator and Elevator Control Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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