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Gearless Traction Elevators-Global Market Insights and Sales Trends 2025
Synopsis
A gearless elevator is one in which the power of the motor is transferred directly to the traction wheel without passing through the gearbox.
The global Gearless Traction Elevators market size is expected to reach US$ 9159.9 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Gearless Traction Elevators in various end use industries. The expanding demands from the Commercial and Household, are propelling Gearless Traction Elevators market. Medium Speed, 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 High Speed 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 Gearless Traction Elevators, 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 Gearless Traction Elevators 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 Gearless Traction Elevators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gearless Traction Elevators 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 Gearless Traction Elevators covered in this report include Kone, Otis, Monadrive, SANEI Elevator, ThyssenKrupp, Mitsubishi, Hitachi, Cibes and Torin Drive, etc.
The global Gearless Traction Elevators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kone
Otis
Monadrive
SANEI Elevator
ThyssenKrupp
Mitsubishi
Hitachi
Cibes
Torin Drive
HOSTING
Schindler
FUJITEC
Global Gearless Traction Elevators 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 Gearless Traction Elevators market, Segment by Type:
Medium Speed
High Speed
Global Gearless Traction Elevators market, by Application
Commercial
Household
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 Gearless Traction Elevators manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gearless Traction Elevators 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.
A gearless elevator is one in which the power of the motor is transferred directly to the traction wheel without passing through the gearbox.
The global Gearless Traction Elevators market size is expected to reach US$ 9159.9 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Gearless Traction Elevators in various end use industries. The expanding demands from the Commercial and Household, are propelling Gearless Traction Elevators market. Medium Speed, 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 High Speed 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 Gearless Traction Elevators, 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 Gearless Traction Elevators 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 Gearless Traction Elevators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gearless Traction Elevators 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 Gearless Traction Elevators covered in this report include Kone, Otis, Monadrive, SANEI Elevator, ThyssenKrupp, Mitsubishi, Hitachi, Cibes and Torin Drive, etc.
The global Gearless Traction Elevators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kone
Otis
Monadrive
SANEI Elevator
ThyssenKrupp
Mitsubishi
Hitachi
Cibes
Torin Drive
HOSTING
Schindler
FUJITEC
Global Gearless Traction Elevators 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 Gearless Traction Elevators market, Segment by Type:
Medium Speed
High Speed
Global Gearless Traction Elevators market, by Application
Commercial
Household
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 Gearless Traction Elevators manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gearless Traction Elevators 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.
Index1 Gearless Traction Elevators Market Overview
1.1 Gearless Traction Elevators Product Overview
1.2 Gearless Traction Elevators Market Segment by Type
1.2.1 Medium Speed
1.2.2 High Speed
1.3 Global Gearless Traction Elevators Market Size by Type
1.3.1 Global Gearless Traction Elevators Market Size Overview by Type (2018-2029)
1.3.2 Global Gearless Traction Elevators Historic Market Size Review by Type (2018-2023)
1.3.3 Global Gearless Traction Elevators Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Gearless Traction Elevators Sales Breakdown by Type (2018-2023)
1.4.2 Europe Gearless Traction Elevators Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Gearless Traction Elevators Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Gearless Traction Elevators Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Gearless Traction Elevators Sales Breakdown by Type (2018-2023)
2 Global Gearless Traction Elevators Market Competition by Company
2.1 Global Top Players by Gearless Traction Elevators Sales (2018-2023)
2.2 Global Top Players by Gearless Traction Elevators Revenue (2018-2023)
2.3 Global Top Players by Gearless Traction Elevators Price (2018-2023)
2.4 Global Top Manufacturers Gearless Traction Elevators Manufacturing Base Distribution, Sales Area, Product Type
2.5 Gearless Traction Elevators Market Competitive Situation and Trends
2.5.1 Gearless Traction Elevators Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Gearless Traction Elevators 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 Gearless Traction Elevators as of 2022)
2.7 Date of Key Manufacturers Enter into Gearless Traction Elevators Market
2.8 Key Manufacturers Gearless Traction Elevators Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Gearless Traction Elevators Status and Outlook by Region
3.1 Global Gearless Traction Elevators Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Gearless Traction Elevators Historic Market Size by Region
3.2.1 Global Gearless Traction Elevators Sales in Volume by Region (2018-2023)
3.2.2 Global Gearless Traction Elevators Sales in Value by Region (2018-2023)
3.2.3 Global Gearless Traction Elevators Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Gearless Traction Elevators Forecasted Market Size by Region
3.3.1 Global Gearless Traction Elevators Sales in Volume by Region (2024-2029)
3.3.2 Global Gearless Traction Elevators Sales in Value by Region (2024-2029)
3.3.3 Global Gearless Traction Elevators Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Gearless Traction Elevators by Application
4.1 Gearless Traction Elevators Market Segment by Application
4.1.1 Commercial
4.1.2 Household
4.2 Global Gearless Traction Elevators Market Size by Application
4.2.1 Global Gearless Traction Elevators Market Size Overview by Application (2018-2029)
4.2.2 Global Gearless Traction Elevators Historic Market Size Review by Application (2018-2023)
4.2.3 Global Gearless Traction Elevators Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Gearless Traction Elevators Sales Breakdown by Application (2018-2023)
4.3.2 Europe Gearless Traction Elevators Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Gearless Traction Elevators Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Gearless Traction Elevators Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Gearless Traction Elevators Sales Breakdown by Application (2018-2023)
5 North America Gearless Traction Elevators by Country
5.1 North America Gearless Traction Elevators Historic Market Size by Country
5.1.1 North America Gearless Traction Elevators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Gearless Traction Elevators Sales in Volume by Country (2018-2023)
5.1.3 North America Gearless Traction Elevators Sales in Value by Country (2018-2023)
5.2 North America Gearless Traction Elevators Forecasted Market Size by Country
5.2.1 North America Gearless Traction Elevators Sales in Volume by Country (2024-2029)
5.2.2 North America Gearless Traction Elevators Sales in Value by Country (2024-2029)
6 Europe Gearless Traction Elevators by Country
6.1 Europe Gearless Traction Elevators Historic Market Size by Country
6.1.1 Europe Gearless Traction Elevators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Gearless Traction Elevators Sales in Volume by Country (2018-2023)
6.1.3 Europe Gearless Traction Elevators Sales in Value by Country (2018-2023)
6.2 Europe Gearless Traction Elevators Forecasted Market Size by Country
6.2.1 Europe Gearless Traction Elevators Sales in Volume by Country (2024-2029)
6.2.2 Europe Gearless Traction Elevators Sales in Value by Country (2024-2029)
7 Asia-Pacific Gearless Traction Elevators by Region
7.1 Asia-Pacific Gearless Traction Elevators Historic Market Size by Region
7.1.1 Asia-Pacific Gearless Traction Elevators Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Gearless Traction Elevators Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Gearless Traction Elevators Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Gearless Traction Elevators Forecasted Market Size by Region
7.2.1 Asia-Pacific Gearless Traction Elevators Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Gearless Traction Elevators Sales in Value by Region (2024-2029)
8 Latin America Gearless Traction Elevators by Country
8.1 Latin America Gearless Traction Elevators Historic Market Size by Country
8.1.1 Latin America Gearless Traction Elevators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Gearless Traction Elevators Sales in Volume by Country (2018-2023)
8.1.3 Latin America Gearless Traction Elevators Sales in Value by Country (2018-2023)
8.2 Latin America Gearless Traction Elevators Forecasted Market Size by Country
8.2.1 Latin America Gearless Traction Elevators Sales in Volume by Country (2024-2029)
8.2.2 Latin America Gearless Traction Elevators Sales in Value by Country (2024-2029)
9 Middle East and Africa Gearless Traction Elevators by Country
9.1 Middle East and Africa Gearless Traction Elevators Historic Market Size by Country
9.1.1 Middle East and Africa Gearless Traction Elevators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Gearless Traction Elevators Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Gearless Traction Elevators Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Gearless Traction Elevators Forecasted Market Size by Country
9.2.1 Middle East and Africa Gearless Traction Elevators Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Gearless Traction Elevators Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kone
10.1.1 Kone Company Information
10.1.2 Kone Introduction and Business Overview
10.1.3 Kone Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kone Gearless Traction Elevators Products Offered
10.1.5 Kone Recent Development
10.2 Otis
10.2.1 Otis Company Information
10.2.2 Otis Introduction and Business Overview
10.2.3 Otis Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Otis Gearless Traction Elevators Products Offered
10.2.5 Otis Recent Development
10.3 Monadrive
10.3.1 Monadrive Company Information
10.3.2 Monadrive Introduction and Business Overview
10.3.3 Monadrive Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Monadrive Gearless Traction Elevators Products Offered
10.3.5 Monadrive Recent Development
10.4 SANEI Elevator
10.4.1 SANEI Elevator Company Information
10.4.2 SANEI Elevator Introduction and Business Overview
10.4.3 SANEI Elevator Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SANEI Elevator Gearless Traction Elevators Products Offered
10.4.5 SANEI Elevator Recent Development
10.5 ThyssenKrupp
10.5.1 ThyssenKrupp Company Information
10.5.2 ThyssenKrupp Introduction and Business Overview
10.5.3 ThyssenKrupp Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ThyssenKrupp Gearless Traction Elevators Products Offered
10.5.5 ThyssenKrupp Recent Development
10.6 Mitsubishi
10.6.1 Mitsubishi Company Information
10.6.2 Mitsubishi Introduction and Business Overview
10.6.3 Mitsubishi Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mitsubishi Gearless Traction Elevators Products Offered
10.6.5 Mitsubishi Recent Development
10.7 Hitachi
10.7.1 Hitachi Company Information
10.7.2 Hitachi Introduction and Business Overview
10.7.3 Hitachi Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitachi Gearless Traction Elevators Products Offered
10.7.5 Hitachi Recent Development
10.8 Cibes
10.8.1 Cibes Company Information
10.8.2 Cibes Introduction and Business Overview
10.8.3 Cibes Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Cibes Gearless Traction Elevators Products Offered
10.8.5 Cibes Recent Development
10.9 Torin Drive
10.9.1 Torin Drive Company Information
10.9.2 Torin Drive Introduction and Business Overview
10.9.3 Torin Drive Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Torin Drive Gearless Traction Elevators Products Offered
10.9.5 Torin Drive Recent Development
10.10 HOSTING
10.10.1 HOSTING Company Information
10.10.2 HOSTING Introduction and Business Overview
10.10.3 HOSTING Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.10.4 HOSTING Gearless Traction Elevators Products Offered
10.10.5 HOSTING Recent Development
10.11 Schindler
10.11.1 Schindler Company Information
10.11.2 Schindler Introduction and Business Overview
10.11.3 Schindler Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Schindler Gearless Traction Elevators Products Offered
10.11.5 Schindler Recent Development
10.12 FUJITEC
10.12.1 FUJITEC Company Information
10.12.2 FUJITEC Introduction and Business Overview
10.12.3 FUJITEC Gearless Traction Elevators Sales, Revenue and Gross Margin (2018-2023)
10.12.4 FUJITEC Gearless Traction Elevators Products Offered
10.12.5 FUJITEC Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Gearless Traction Elevators 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 Gearless Traction Elevators Industrial Chain Analysis
11.4 Gearless Traction Elevators Market Dynamics
11.4.1 Gearless Traction Elevators Industry Trends
11.4.2 Gearless Traction Elevators Market Drivers
11.4.3 Gearless Traction Elevators Market Challenges
11.4.4 Gearless Traction Elevators Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Gearless Traction Elevators Distributors
12.3 Gearless Traction Elevators 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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