Rising Awareness Anticipated To Drive Elevator Components Market During 2021-2031

Historical Trends Vs. Future Market Projections

Over the past half-decade, 2016-2020, the market expanded at a meager CAGR of 1.1%. However, digitalization across industries and incorporation of the industrial internet of things (IIoT) is projected to be the prime reason for rapid growth during the forecast period.

Furthermore, numerous initiatives have been adopted by governments of developing nations for inviting foreign investment in infrastructure development. Additionally, these nations are planning to build smart cities with high-rise buildings to optimally utilize space for the coming generation. These multi-storey buildings would require elevators to move passengers and freight, thereby taking the market ahead.

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Adding to this, developed nations are investing huge amounts to replace or repair existing elevators with newer elevator components so as to comply with the latest energy efficiency norms.

Key Market Segments Covered

• By Component
  • Elevator Shafts
  • Elevator Landing Doors
  • Elevator Motors & Elevator Lift Motor Rooms
  • Elevator Machine Drives
  • Elevator Tension Pulleys (per Piece)
  • Elevator Controllers & Indicators
  • Elevator Brakes
  • Elevator Counterweight Frames
  • Elevator Counterweight Guide Rails
  • Elevator Car Guide Rails
  • Elevator Speed Governors (Bidirectional)
  • Elevator Counterweight and Car Buffers
  • Elevator Sensors
  • Elevator Lift Cars
  • 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 End-use Application
  • Elevators for Passengers
  • Elevators for Freight
• By Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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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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