The global elevator components market size is calculated at USD 57.64 billion in 2025 and is forecasted to reach around USD 128.05 billion by 2034, accelerating at a CAGR of 9.28% from 2025 to 2034. The Asia Pacific elevator components market size surpassed USD 33.43 billion in 2025 and is expanding at a CAGR of 9.40% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Elevator Components Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Elevator Components Market Revenue and Volume, by Component
8.1.1. Elevator Car and Shaft
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Landing Door
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Motor
8.1.3.1. Market Revenue and Volume Forecast
8.1.4. Machine Drive
8.1.4.1. Market Revenue and Volume Forecast
8.1.5. Tension Pulley
8.1.5.1. Market Revenue and Volume Forecast
8.1.6. Controller
8.1.6.1. Market Revenue and Volume Forecast
8.1.7. Counterweight Frame
8.1.7.1. Market Revenue and Volume Forecast
8.1.8. Guide Rails
8.1.8.1. Market Revenue and Volume Forecast
8.1.9. Car guide Rail
8.1.9.1. Market Revenue and Volume Forecast
8.1.10. Speed Governor
8.1.10.1. Market Revenue and Volume Forecast
8.1.11. Car Buffer
8.1.11.1. Market Revenue and Volume Forecast
8.1.12. Others
8.1.12.1. Market Revenue and Volume Forecast
9.1. Elevator Components Market Revenue and Volume, by Elevator Technology
9.1.1. Hydraulic Elevators
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Traction Elevators
9.1.2.1. Market Revenue and Volume Forecast
9.1.3. Machine-room-less Elevators
9.1.3.1. Market Revenue and Volume Forecast
9.1.4. Pneumatic Elevators
9.1.4.1. Market Revenue and Volume Forecast
10.1. Elevator Components Market Revenue and Volume, by Load Capacity
10.1.1. Below 650 kg
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. 650-1000 kg
10.1.2.1. Market Revenue and Volume Forecast
10.1.3. 1000-1600 kg
10.1.3.1. Market Revenue and Volume Forecast
10.1.4. 2500-5000 kg
10.1.4.1. Market Revenue and Volume Forecast
10.1.5. Above 5000 kg
10.1.5.1. Market Revenue and Volume Forecast
11.1. Elevator Components Market Revenue and Volume, by Speed
11.1.1. Less than 1m/s
11.1.1.1. Market Revenue and Volume Forecast
11.1.2. 1 to 3m/s
11.1.2.1. Market Revenue and Volume Forecast
11.1.3. 4 to 6 m/s
11.1.3.1. Market Revenue and Volume Forecast
11.1.4. 7 to 10m/s
11.1.4.1. Market Revenue and Volume Forecast
11.1.5. Above 10m/s
11.1.5.1. Market Revenue and Volume Forecast
12.1. Elevator Components Market Revenue and Volume, by End-use Applications
12.1.1. Elevators for Passenger
12.1.1.1. Market Revenue and Volume Forecast
12.1.2. Elevator for Freight/load
12.1.2.1. Market Revenue and Volume Forecast
13.1. North America
13.1.1. Market Revenue and Volume Forecast, by Component
13.1.2. Market Revenue and Volume Forecast, by Elevator Technology
13.1.3. Market Revenue and Volume Forecast, by Load Capacity
13.1.4. Market Revenue and Volume Forecast, by Speed
13.1.5. Market Revenue and Volume Forecast, by End-use Applications
13.1.6. U.S.
13.1.6.1. Market Revenue and Volume Forecast, by Component
13.1.6.2. Market Revenue and Volume Forecast, by Elevator Technology
13.1.6.3. Market Revenue and Volume Forecast, by Load Capacity
13.1.6.4. Market Revenue and Volume Forecast, by Speed
13.1.6.5. Market Revenue and Volume Forecast, by End-use Applications
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Volume Forecast, by Component
13.1.7.2. Market Revenue and Volume Forecast, by Elevator Technology
13.1.7.3. Market Revenue and Volume Forecast, by Load Capacity
13.1.7.4. Market Revenue and Volume Forecast, by Speed
13.1.7.5. Market Revenue and Volume Forecast, by End-use Applications
13.2. Europe
13.2.1. Market Revenue and Volume Forecast, by Component
13.2.2. Market Revenue and Volume Forecast, by Elevator Technology
13.2.3. Market Revenue and Volume Forecast, by Load Capacity
13.2.4. Market Revenue and Volume Forecast, by Speed
13.2.5. Market Revenue and Volume Forecast, by End-use Applications
13.2.6. UK
13.2.6.1. Market Revenue and Volume Forecast, by Component
13.2.6.2. Market Revenue and Volume Forecast, by Elevator Technology
13.2.6.3. Market Revenue and Volume Forecast, by Load Capacity
13.2.7. Market Revenue and Volume Forecast, by Speed
13.2.8. Market Revenue and Volume Forecast, by End-use Applications
13.2.9. Germany
13.2.9.1. Market Revenue and Volume Forecast, by Component
13.2.9.2. Market Revenue and Volume Forecast, by Elevator Technology
13.2.9.3. Market Revenue and Volume Forecast, by Load Capacity
13.2.10. Market Revenue and Volume Forecast, by Speed
13.2.11. Market Revenue and Volume Forecast, by End-use Applications
13.2.12. France
13.2.12.1. Market Revenue and Volume Forecast, by Component
13.2.12.2. Market Revenue and Volume Forecast, by Elevator Technology
13.2.12.3. Market Revenue and Volume Forecast, by Load Capacity
13.2.12.4. Market Revenue and Volume Forecast, by Speed
13.2.13. Market Revenue and Volume Forecast, by End-use Applications
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Volume Forecast, by Component
13.2.14.2. Market Revenue and Volume Forecast, by Elevator Technology
13.2.14.3. Market Revenue and Volume Forecast, by Load Capacity
13.2.14.4. Market Revenue and Volume Forecast, by Speed
13.2.15. Market Revenue and Volume Forecast, by End-use Applications
13.3. APAC
13.3.1. Market Revenue and Volume Forecast, by Component
13.3.2. Market Revenue and Volume Forecast, by Elevator Technology
13.3.3. Market Revenue and Volume Forecast, by Load Capacity
13.3.4. Market Revenue and Volume Forecast, by Speed
13.3.5. Market Revenue and Volume Forecast, by End-use Applications
13.3.6. India
13.3.6.1. Market Revenue and Volume Forecast, by Component
13.3.6.2. Market Revenue and Volume Forecast, by Elevator Technology
13.3.6.3. Market Revenue and Volume Forecast, by Load Capacity
13.3.6.4. Market Revenue and Volume Forecast, by Speed
13.3.7. Market Revenue and Volume Forecast, by End-use Applications
13.3.8. China
13.3.8.1. Market Revenue and Volume Forecast, by Component
13.3.8.2. Market Revenue and Volume Forecast, by Elevator Technology
13.3.8.3. Market Revenue and Volume Forecast, by Load Capacity
13.3.8.4. Market Revenue and Volume Forecast, by Speed
13.3.9. Market Revenue and Volume Forecast, by End-use Applications
13.3.10. Japan
13.3.10.1. Market Revenue and Volume Forecast, by Component
13.3.10.2. Market Revenue and Volume Forecast, by Elevator Technology
13.3.10.3. Market Revenue and Volume Forecast, by Load Capacity
13.3.10.4. Market Revenue and Volume Forecast, by Speed
13.3.10.5. Market Revenue and Volume Forecast, by End-use Applications
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Volume Forecast, by Component
13.3.11.2. Market Revenue and Volume Forecast, by Elevator Technology
13.3.11.3. Market Revenue and Volume Forecast, by Load Capacity
13.3.11.4. Market Revenue and Volume Forecast, by Speed
13.3.11.5. Market Revenue and Volume Forecast, by End-use Applications
13.4. MEA
13.4.1. Market Revenue and Volume Forecast, by Component
13.4.2. Market Revenue and Volume Forecast, by Elevator Technology
13.4.3. Market Revenue and Volume Forecast, by Load Capacity
13.4.4. Market Revenue and Volume Forecast, by Speed
13.4.5. Market Revenue and Volume Forecast, by End-use Applications
13.4.6. GCC
13.4.6.1. Market Revenue and Volume Forecast, by Component
13.4.6.2. Market Revenue and Volume Forecast, by Elevator Technology
13.4.6.3. Market Revenue and Volume Forecast, by Load Capacity
13.4.6.4. Market Revenue and Volume Forecast, by Speed
13.4.7. Market Revenue and Volume Forecast, by End-use Applications
13.4.8. North Africa
13.4.8.1. Market Revenue and Volume Forecast, by Component
13.4.8.2. Market Revenue and Volume Forecast, by Elevator Technology
13.4.8.3. Market Revenue and Volume Forecast, by Load Capacity
13.4.8.4. Market Revenue and Volume Forecast, by Speed
13.4.9. Market Revenue and Volume Forecast, by End-use Applications
13.4.10. South Africa
13.4.10.1. Market Revenue and Volume Forecast, by Component
13.4.10.2. Market Revenue and Volume Forecast, by Elevator Technology
13.4.10.3. Market Revenue and Volume Forecast, by Load Capacity
13.4.10.4. Market Revenue and Volume Forecast, by Speed
13.4.10.5. Market Revenue and Volume Forecast, by End-use Applications
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Volume Forecast, by Component
13.4.11.2. Market Revenue and Volume Forecast, by Elevator Technology
13.4.11.3. Market Revenue and Volume Forecast, by Load Capacity
13.4.11.4. Market Revenue and Volume Forecast, by Speed
13.4.11.5. Market Revenue and Volume Forecast, by End-use Applications
13.5. Latin America
13.5.1. Market Revenue and Volume Forecast, by Component
13.5.2. Market Revenue and Volume Forecast, by Elevator Technology
13.5.3. Market Revenue and Volume Forecast, by Load Capacity
13.5.4. Market Revenue and Volume Forecast, by Speed
13.5.5. Market Revenue and Volume Forecast, by End-use Applications
13.5.6. Brazil
13.5.6.1. Market Revenue and Volume Forecast, by Component
13.5.6.2. Market Revenue and Volume Forecast, by Elevator Technology
13.5.6.3. Market Revenue and Volume Forecast, by Load Capacity
13.5.6.4. Market Revenue and Volume Forecast, by Speed
13.5.7. Market Revenue and Volume Forecast, by End-use Applications
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Volume Forecast, by Component
13.5.8.2. Market Revenue and Volume Forecast, by Elevator Technology
13.5.8.3. Market Revenue and Volume Forecast, by Load Capacity
13.5.8.4. Market Revenue and Volume Forecast, by Speed
13.5.8.5. Market Revenue and Volume Forecast, by End-use Applications
14.1. Adams Elevator Equipment Company
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Avire Ltd
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. DMG
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Bohnke and partner GmbH
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Elevator equipment corporation
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Elevator products corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. EMI/porta Inc.,
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Fermator group
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. GAL Manufacturing Corp
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Hans and Jos. Kronenberg
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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