Worldwide Demand For Elevator Component Is Anticipated To Reach US$ 107.9 Billion By 2032

The global elevator components market is expected to be valued at US$ 43.9 billion in 2022 and to grow at a CAGR of 9.4% to US$ 107.9 billion by the end of 2032. Elevator components are expected to account for more than 62% of worldwide elevator industry revenue in 2022.

Construction businesses and governments around the world are focusing on making the most use of the spaces that exist in quickly growing urban regions. As the urban population grows, these enterprises focus on the vertical growth of low, medium, and high-rise structures. High-rise structures are becoming more common in developed economies such as the United States, the United Kingdom, and the United Arab Emirates, and they make efficient use of space while accommodating a huge number of people.

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Elevator Components market survey report recognizes and analyses emerging trends along with major drivers, challenges, and opportunities in the market. It also performs the analysis of the global market share, segmentation, revenue growth estimation, and geographic regions of the market. The report has been crafted after a thorough study of various key market segments like market size, latest trends, market threats & key drivers driving the market. Moreover, the market analysis in the universal Demand of Elevator Components report consists of a competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation, and revenue analysis till 2032

Key Companies Profiled

  • Adams Elevator Equipment Company (Schindler Holding AG)
  • Avire Ltd (Halma plc.)
  • Böhnke & Partner GmbH
  • DMG
  • Elevator Equipment Corporation (EECO)
  • Elevator Products Corporation
  • EMI / Porta Inc.,
  • Fermator Group
  • GAL Manufacturing Corp.
  • Hans & Jos. Kronenberg GmbH
  • Hissmekano AB

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By the end of 2022, the global population will have surpassed 8 billion. Over half of them live in cities. The United States, South Korea, the United Arab Emirates, China, and Japan have the most high-rise buildings above 150 metres and others among these urban areas.
As a result, the passenger elevator will contribute to market expansion. In 2022, the passenger elevator is expected to be worth $35.3 billion.

Segmentation of Elevator Component Industry Research

  •  by Component :
    • Elevator Car & Shaft
    • Landing Door
    • Motor
    • Machine Drive
    • Tension Pulley (per Piece)
    • Controller
    • Counterweight Frame
    • Counterweight Guide Rails
    • Car Guide Rail
    • Speed Governor (Bidirectional)
    • Counterweight and Car Buffer
    • Others
  •  by Elevator Technology :
    • Hydraulic Elevators
      • Conventional Hydraulic Elevators
      • Hole-Less Hydraulic Elevators
      • Roped Hydraulic Elevators
    • Traction Elevators
      • Geared Traction Elevators
      • Gear-Less Traction Elevators
    • Machine-room-less Elevators
    • Pneumatic Elevators
  •  by Load Capacity :
    • Below 650 kg
    • 650 kg- 1,000 kg
    • 1,000 kg- 1,600 kg
    • 1,600 kg- 2,500 kg
    • 2,500 kg- 5,000 kg
    • Above 5,000 kg
  •  by Speed :
    • Less than 1 m/s
    • Between 1 to 3 m/s
    • Between 4 to 6 m/s
    • Between 7 to 10 m/s
    • Above 10 m/s
  •  by Noise Level :
    • Elevators for Passengers
    • Elevators for Freight
  •  by Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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