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Global Commercial Elevator Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

May 2024 | 142 pages | ID: G2928BCA756FEN
GlobalInfoResearch

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According to our (Global Info Research) latest study, the global Commercial Elevator market size was valued at USD 10330 million in 2023 and is forecast to a readjusted size of USD 14610 million by 2030 with a CAGR of 5.1% during review period.

Commercial elevators can carry anywhere between 2,100 and 5,000 + pounds. The inner dimensions must be between 5 and 8 feet by 4 feet 3 inches and 5 feet 8 inches by 7 feet 11 inches. They are able to accommodate more weight and people than residential elevators.

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.

The Global Info Research report includes an overview of the development of the Commercial Elevator industry chain, the market status of Industrial Area (Elevator (Vertical), Escalator), Commercial Office (Elevator (Vertical), Escalator), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Commercial Elevator.

Regionally, the report analyzes the Commercial Elevator markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Commercial Elevator market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Commercial Elevator market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Commercial Elevator industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Elevator (Vertical), Escalator).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Commercial Elevator market.

Regional Analysis: The report involves examining the Commercial Elevator market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Commercial Elevator market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Commercial Elevator:

Company Analysis: Report covers individual Commercial Elevator manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Commercial Elevator This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial Area, Commercial Office).

Technology Analysis: Report covers specific technologies relevant to Commercial Elevator. It assesses the current state, advancements, and potential future developments in Commercial Elevator areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Commercial Elevator market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Commercial Elevator market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
  • Elevator (Vertical)
  • Escalator
  • Moving walkway
Market segment by Application
  • Industrial Area
  • Commercial Office
  • Transportation Hub Area
  • Other
Major players covered
  • Otis
  • Schindler
  • ThyssenKrupp
  • Kone
  • Mitsubishi Electric
  • Hitachi
  • Canny Elevator
  • Toshiba
  • Fujitec
  • Volkslift
  • Guuangri Gufen
  • Sicher Elevator
  • Yungtay Engineering
  • SJEC
  • Edunburgh Elevator
  • Suzhou Diao
  • Hangzhou XiOlift
  • Hyundai
  • CNYD
Market segment by region, regional analysis covers
  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Commercial Elevator product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Commercial Elevator, with price, sales, revenue and global market share of Commercial Elevator from 2019 to 2024.

Chapter 3, the Commercial Elevator competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Commercial Elevator breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Commercial Elevator market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Commercial Elevator.

Chapter 14 and 15, to describe Commercial Elevator sales channel, distributors, customers, research findings and conclusion.
1 MARKET OVERVIEW

1.1 Product Overview and Scope of Commercial Elevator
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
  1.3.1 Overview: Global Commercial Elevator Consumption Value by Type: 2019 Versus 2023 Versus 2030
  1.3.2 Elevator (Vertical)
  1.3.3 Escalator
  1.3.4 Moving walkway
1.4 Market Analysis by Application
  1.4.1 Overview: Global Commercial Elevator Consumption Value by Application: 2019 Versus 2023 Versus 2030
  1.4.2 Industrial Area
  1.4.3 Commercial Office
  1.4.4 Transportation Hub Area
  1.4.5 Other
1.5 Global Commercial Elevator Market Size & Forecast
  1.5.1 Global Commercial Elevator Consumption Value (2019 & 2023 & 2030)
  1.5.2 Global Commercial Elevator Sales Quantity (2019-2030)
  1.5.3 Global Commercial Elevator Average Price (2019-2030)

2 MANUFACTURERS PROFILES

2.1 Otis
  2.1.1 Otis Details
  2.1.2 Otis Major Business
  2.1.3 Otis Commercial Elevator Product and Services
  2.1.4 Otis Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.1.5 Otis Recent Developments/Updates
2.2 Schindler
  2.2.1 Schindler Details
  2.2.2 Schindler Major Business
  2.2.3 Schindler Commercial Elevator Product and Services
  2.2.4 Schindler Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.2.5 Schindler Recent Developments/Updates
2.3 ThyssenKrupp
  2.3.1 ThyssenKrupp Details
  2.3.2 ThyssenKrupp Major Business
  2.3.3 ThyssenKrupp Commercial Elevator Product and Services
  2.3.4 ThyssenKrupp Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.3.5 ThyssenKrupp Recent Developments/Updates
2.4 Kone
  2.4.1 Kone Details
  2.4.2 Kone Major Business
  2.4.3 Kone Commercial Elevator Product and Services
  2.4.4 Kone Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.4.5 Kone Recent Developments/Updates
2.5 Mitsubishi Electric
  2.5.1 Mitsubishi Electric Details
  2.5.2 Mitsubishi Electric Major Business
  2.5.3 Mitsubishi Electric Commercial Elevator Product and Services
  2.5.4 Mitsubishi Electric Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.5.5 Mitsubishi Electric Recent Developments/Updates
2.6 Hitachi
  2.6.1 Hitachi Details
  2.6.2 Hitachi Major Business
  2.6.3 Hitachi Commercial Elevator Product and Services
  2.6.4 Hitachi Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.6.5 Hitachi Recent Developments/Updates
2.7 Canny Elevator
  2.7.1 Canny Elevator Details
  2.7.2 Canny Elevator Major Business
  2.7.3 Canny Elevator Commercial Elevator Product and Services
  2.7.4 Canny Elevator Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.7.5 Canny Elevator Recent Developments/Updates
2.8 Toshiba
  2.8.1 Toshiba Details
  2.8.2 Toshiba Major Business
  2.8.3 Toshiba Commercial Elevator Product and Services
  2.8.4 Toshiba Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.8.5 Toshiba Recent Developments/Updates
2.9 Fujitec
  2.9.1 Fujitec Details
  2.9.2 Fujitec Major Business
  2.9.3 Fujitec Commercial Elevator Product and Services
  2.9.4 Fujitec Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.9.5 Fujitec Recent Developments/Updates
2.10 Volkslift
  2.10.1 Volkslift Details
  2.10.2 Volkslift Major Business
  2.10.3 Volkslift Commercial Elevator Product and Services
  2.10.4 Volkslift Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.10.5 Volkslift Recent Developments/Updates
2.11 Guuangri Gufen
  2.11.1 Guuangri Gufen Details
  2.11.2 Guuangri Gufen Major Business
  2.11.3 Guuangri Gufen Commercial Elevator Product and Services
  2.11.4 Guuangri Gufen Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.11.5 Guuangri Gufen Recent Developments/Updates
2.12 Sicher Elevator
  2.12.1 Sicher Elevator Details
  2.12.2 Sicher Elevator Major Business
  2.12.3 Sicher Elevator Commercial Elevator Product and Services
  2.12.4 Sicher Elevator Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.12.5 Sicher Elevator Recent Developments/Updates
2.13 Yungtay Engineering
  2.13.1 Yungtay Engineering Details
  2.13.2 Yungtay Engineering Major Business
  2.13.3 Yungtay Engineering Commercial Elevator Product and Services
  2.13.4 Yungtay Engineering Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.13.5 Yungtay Engineering Recent Developments/Updates
2.14 SJEC
  2.14.1 SJEC Details
  2.14.2 SJEC Major Business
  2.14.3 SJEC Commercial Elevator Product and Services
  2.14.4 SJEC Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.14.5 SJEC Recent Developments/Updates
2.15 Edunburgh Elevator
  2.15.1 Edunburgh Elevator Details
  2.15.2 Edunburgh Elevator Major Business
  2.15.3 Edunburgh Elevator Commercial Elevator Product and Services
  2.15.4 Edunburgh Elevator Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.15.5 Edunburgh Elevator Recent Developments/Updates
2.16 Suzhou Diao
  2.16.1 Suzhou Diao Details
  2.16.2 Suzhou Diao Major Business
  2.16.3 Suzhou Diao Commercial Elevator Product and Services
  2.16.4 Suzhou Diao Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.16.5 Suzhou Diao Recent Developments/Updates
2.17 Hangzhou XiOlift
  2.17.1 Hangzhou XiOlift Details
  2.17.2 Hangzhou XiOlift Major Business
  2.17.3 Hangzhou XiOlift Commercial Elevator Product and Services
  2.17.4 Hangzhou XiOlift Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.17.5 Hangzhou XiOlift Recent Developments/Updates
2.18 Hyundai
  2.18.1 Hyundai Details
  2.18.2 Hyundai Major Business
  2.18.3 Hyundai Commercial Elevator Product and Services
  2.18.4 Hyundai Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.18.5 Hyundai Recent Developments/Updates
2.19 CNYD
  2.19.1 CNYD Details
  2.19.2 CNYD Major Business
  2.19.3 CNYD Commercial Elevator Product and Services
  2.19.4 CNYD Commercial Elevator Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
  2.19.5 CNYD Recent Developments/Updates

3 COMPETITIVE ENVIRONMENT: COMMERCIAL ELEVATOR BY MANUFACTURER

3.1 Global Commercial Elevator Sales Quantity by Manufacturer (2019-2024)
3.2 Global Commercial Elevator Revenue by Manufacturer (2019-2024)
3.3 Global Commercial Elevator Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
  3.4.1 Producer Shipments of Commercial Elevator by Manufacturer Revenue ($MM) and Market Share (%): 2023
  3.4.2 Top 3 Commercial Elevator Manufacturer Market Share in 2023
  3.4.2 Top 6 Commercial Elevator Manufacturer Market Share in 2023
3.5 Commercial Elevator Market: Overall Company Footprint Analysis
  3.5.1 Commercial Elevator Market: Region Footprint
  3.5.2 Commercial Elevator Market: Company Product Type Footprint
  3.5.3 Commercial Elevator Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 CONSUMPTION ANALYSIS BY REGION

4.1 Global Commercial Elevator Market Size by Region
  4.1.1 Global Commercial Elevator Sales Quantity by Region (2019-2030)
  4.1.2 Global Commercial Elevator Consumption Value by Region (2019-2030)
  4.1.3 Global Commercial Elevator Average Price by Region (2019-2030)
4.2 North America Commercial Elevator Consumption Value (2019-2030)
4.3 Europe Commercial Elevator Consumption Value (2019-2030)
4.4 Asia-Pacific Commercial Elevator Consumption Value (2019-2030)
4.5 South America Commercial Elevator Consumption Value (2019-2030)
4.6 Middle East and Africa Commercial Elevator Consumption Value (2019-2030)

5 MARKET SEGMENT BY TYPE

5.1 Global Commercial Elevator Sales Quantity by Type (2019-2030)
5.2 Global Commercial Elevator Consumption Value by Type (2019-2030)
5.3 Global Commercial Elevator Average Price by Type (2019-2030)

6 MARKET SEGMENT BY APPLICATION

6.1 Global Commercial Elevator Sales Quantity by Application (2019-2030)
6.2 Global Commercial Elevator Consumption Value by Application (2019-2030)
6.3 Global Commercial Elevator Average Price by Application (2019-2030)

7 NORTH AMERICA

7.1 North America Commercial Elevator Sales Quantity by Type (2019-2030)
7.2 North America Commercial Elevator Sales Quantity by Application (2019-2030)
7.3 North America Commercial Elevator Market Size by Country
  7.3.1 North America Commercial Elevator Sales Quantity by Country (2019-2030)
  7.3.2 North America Commercial Elevator Consumption Value by Country (2019-2030)
  7.3.3 United States Market Size and Forecast (2019-2030)
  7.3.4 Canada Market Size and Forecast (2019-2030)
  7.3.5 Mexico Market Size and Forecast (2019-2030)

8 EUROPE

8.1 Europe Commercial Elevator Sales Quantity by Type (2019-2030)
8.2 Europe Commercial Elevator Sales Quantity by Application (2019-2030)
8.3 Europe Commercial Elevator Market Size by Country
  8.3.1 Europe Commercial Elevator Sales Quantity by Country (2019-2030)
  8.3.2 Europe Commercial Elevator Consumption Value by Country (2019-2030)
  8.3.3 Germany Market Size and Forecast (2019-2030)
  8.3.4 France Market Size and Forecast (2019-2030)
  8.3.5 United Kingdom Market Size and Forecast (2019-2030)
  8.3.6 Russia Market Size and Forecast (2019-2030)
  8.3.7 Italy Market Size and Forecast (2019-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Commercial Elevator Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Commercial Elevator Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Commercial Elevator Market Size by Region
  9.3.1 Asia-Pacific Commercial Elevator Sales Quantity by Region (2019-2030)
  9.3.2 Asia-Pacific Commercial Elevator Consumption Value by Region (2019-2030)
  9.3.3 China Market Size and Forecast (2019-2030)
  9.3.4 Japan Market Size and Forecast (2019-2030)
  9.3.5 Korea Market Size and Forecast (2019-2030)
  9.3.6 India Market Size and Forecast (2019-2030)
  9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
  9.3.8 Australia Market Size and Forecast (2019-2030)

10 SOUTH AMERICA

10.1 South America Commercial Elevator Sales Quantity by Type (2019-2030)
10.2 South America Commercial Elevator Sales Quantity by Application (2019-2030)
10.3 South America Commercial Elevator Market Size by Country
  10.3.1 South America Commercial Elevator Sales Quantity by Country (2019-2030)
  10.3.2 South America Commercial Elevator Consumption Value by Country (2019-2030)
  10.3.3 Brazil Market Size and Forecast (2019-2030)
  10.3.4 Argentina Market Size and Forecast (2019-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Commercial Elevator Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Commercial Elevator Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Commercial Elevator Market Size by Country
  11.3.1 Middle East & Africa Commercial Elevator Sales Quantity by Country (2019-2030)
  11.3.2 Middle East & Africa Commercial Elevator Consumption Value by Country (2019-2030)
  11.3.3 Turkey Market Size and Forecast (2019-2030)
  11.3.4 Egypt Market Size and Forecast (2019-2030)
  11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
  11.3.6 South Africa Market Size and Forecast (2019-2030)

12 MARKET DYNAMICS

12.1 Commercial Elevator Market Drivers
12.2 Commercial Elevator Market Restraints
12.3 Commercial Elevator Trends Analysis
12.4 Porters Five Forces Analysis
  12.4.1 Threat of New Entrants
  12.4.2 Bargaining Power of Suppliers
  12.4.3 Bargaining Power of Buyers
  12.4.4 Threat of Substitutes
  12.4.5 Competitive Rivalry

13 RAW MATERIAL AND INDUSTRY CHAIN

13.1 Raw Material of Commercial Elevator and Key Manufacturers
13.2 Manufacturing Costs Percentage of Commercial Elevator
13.3 Commercial Elevator Production Process
13.4 Commercial Elevator Industrial Chain

14 SHIPMENTS BY DISTRIBUTION CHANNEL

14.1 Sales Channel
  14.1.1 Direct to End-User
  14.1.2 Distributors
14.2 Commercial Elevator Typical Distributors
14.3 Commercial Elevator Typical Customers

15 RESEARCH FINDINGS AND CONCLUSION

16 APPENDIX

16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer


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