According to a market report by Lucintel, the future of the global elevator component market looks promising with opportunities in the elevator for passenger and elevator for freight markets. The global elevator component market is expected to grow with a CAGR of 5.1% from 2025 to 2031. The major drivers for this market are the increasing demand for high-rise buildings, the rising adoption of smart elevator systems, and the growing need for energy-efficient solutions.
A more
than 150-page report to understand trends, opportunity and forecast in global
elevator component market to 2030 by type (drive system, control system,
counterweight system, and others), application (elevators for passengers and
elevators for freight), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel
forecasts that, within the type category, drive system is expected to witness
the highest growth over the forecast period.
Within the
application category, elevator for passenger is expected to witness higher growth.
Download
sample by clicking on elevator
component market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Otis,
Kone, Schindler, Hangzhou XiOlift, Fujitec, Yungtay Engineering, SJEC, Avire,
Böhnke & Partner, Elevator Equipment Corporation are the major suppliers in
the elevator component market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years.
We are quoted in several publications like the Wall Street Journal, ZACKS, and
the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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