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Asia Pacific Elevator MarketStatistics

Detailed data tables and charts by segment, country and year.

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Value Volume
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Asia-Pacific Elevator Market : By Country, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
China 108.0 119.0 130.0 141.0 152.0 163.0 174.0 4.1%
Japan 108.0 119.0 130.0 141.0 152.0 163.0 174.0 4.7%
India 108.0 119.0 130.0 141.0 152.0 163.0 174.0 5.3%
South Korea 108.0 119.0 130.0 141.0 152.0 163.0 174.0 5.9%
Taiwan 108.0 119.0 130.0 141.0 152.0 163.0 174.0 6.5%
Indonesia 108.0 119.0 130.0 141.0 152.0 163.0 174.0 7.1%
Vietnam 108.0 119.0 130.0 141.0 152.0 163.0 174.0 7.7%
Australia 108.0 119.0 130.0 141.0 152.0 163.0 174.0 8.3%
Philippines 108.0 119.0 130.0 141.0 152.0 163.0 174.0 8.9%
Malaysia 108.0 119.0 130.0 141.0 152.0 163.0 174.0 9.5%
Rest of Asia-Pacific 108.0 119.0 130.0 141.0 152.0 163.0 174.0 10.1%
Total Asia-Pacific 204.0 218.0 232.0 246.0 260.0 274.0 288.0 6.4%
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Asia-Pacific Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 126.0 137.0 148.0 159.0 170.0 181.0 192.0 4.1%
Freight Elevator 126.0 137.0 148.0 159.0 170.0 181.0 192.0 4.7%
Other Types 126.0 137.0 148.0 159.0 170.0 181.0 192.0 5.3%
Total TYPE 228.0 242.0 256.0 270.0 284.0 298.0 312.0 6.8%
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Asia-Pacific Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 144.0 155.0 166.0 177.0 188.0 199.0 210.0 4.1%
Hydraulic 144.0 155.0 166.0 177.0 188.0 199.0 210.0 4.7%
Total TECHNOLOGY 252.0 266.0 280.0 294.0 308.0 322.0 336.0 7.2%
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Asia-Pacific Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 162.0 173.0 184.0 195.0 206.0 217.0 228.0 4.1%
Machine Roomless [MRL] Traction 162.0 173.0 184.0 195.0 206.0 217.0 228.0 4.7%
Total Traction 276.0 290.0 304.0 318.0 332.0 346.0 360.0 7.6%
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Asia-Pacific Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 180.0 191.0 202.0 213.0 224.0 235.0 246.0 4.1%
Maintenance 180.0 191.0 202.0 213.0 224.0 235.0 246.0 4.7%
Modernization 180.0 191.0 202.0 213.0 224.0 235.0 246.0 5.3%
Total SERVICE 300.0 314.0 328.0 342.0 356.0 370.0 384.0 8.0%
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Asia-Pacific Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 198.0 209.0 220.0 231.0 242.0 253.0 264.0 4.1%
1500 to 2500 kg 198.0 209.0 220.0 231.0 242.0 253.0 264.0 4.7%
2501 to 4000 kg 198.0 209.0 220.0 231.0 242.0 253.0 264.0 5.3%
More than 4000 kg 198.0 209.0 220.0 231.0 242.0 253.0 264.0 5.9%
Total CAPACITY 324.0 338.0 352.0 366.0 380.0 394.0 408.0 8.4%
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Asia-Pacific Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 216.0 227.0 238.0 249.0 260.0 271.0 282.0 4.1%
Between 1 to 4 M/S 216.0 227.0 238.0 249.0 260.0 271.0 282.0 4.7%
More than 5 M/S 216.0 227.0 238.0 249.0 260.0 271.0 282.0 5.3%
Total SPEED 348.0 362.0 376.0 390.0 404.0 418.0 432.0 8.8%
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Asia-Pacific Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 234.0 245.0 256.0 267.0 278.0 289.0 300.0 4.1%
Double Deck 234.0 245.0 256.0 267.0 278.0 289.0 300.0 4.7%
Total DECK TYPE 372.0 386.0 400.0 414.0 428.0 442.0 456.0 9.2%
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Asia-Pacific Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 252.0 263.0 274.0 285.0 296.0 307.0 318.0 4.1%
Conventional 252.0 263.0 274.0 285.0 296.0 307.0 318.0 4.7%
Total DESIGNATION CONTROL 396.0 410.0 424.0 438.0 452.0 466.0 480.0 9.6%
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Asia-Pacific Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 270.0 281.0 292.0 303.0 314.0 325.0 336.0 4.1%
Manual 270.0 281.0 292.0 303.0 314.0 325.0 336.0 4.7%
Total DOOR TYPE 420.0 434.0 448.0 462.0 476.0 490.0 504.0 10.0%
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Asia-Pacific Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 288.0 299.0 310.0 321.0 332.0 343.0 354.0 4.1%
Commercial 288.0 299.0 310.0 321.0 332.0 343.0 354.0 4.7%
Industrial 288.0 299.0 310.0 321.0 332.0 343.0 354.0 5.3%
Total APPLICATION 444.0 458.0 472.0 486.0 500.0 514.0 528.0 10.4%
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Asia-Pacific Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 306.0 317.0 328.0 339.0 350.0 361.0 372.0 4.1%
Mid Rise: 11-30 floors 306.0 317.0 328.0 339.0 350.0 361.0 372.0 4.7%
High Rise: above 30 floors 306.0 317.0 328.0 339.0 350.0 361.0 372.0 5.3%
Villa/home 306.0 317.0 328.0 339.0 350.0 361.0 372.0 5.9%
Total Residential 468.0 482.0 496.0 510.0 524.0 538.0 552.0 10.8%
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Asia-Pacific Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 324.0 335.0 346.0 357.0 368.0 379.0 390.0 4.1%
Hotel & Hospitality 324.0 335.0 346.0 357.0 368.0 379.0 390.0 4.7%
Leisure and Education 324.0 335.0 346.0 357.0 368.0 379.0 390.0 5.3%
Marine & Port Facilities 324.0 335.0 346.0 357.0 368.0 379.0 390.0 5.9%
Medical & Healthcare 324.0 335.0 346.0 357.0 368.0 379.0 390.0 6.5%
Multiuse Buildings (Mixed-Use) 324.0 335.0 346.0 357.0 368.0 379.0 390.0 7.1%
Retail & Shopping Centers 324.0 335.0 346.0 357.0 368.0 379.0 390.0 7.7%
Public Transportation Hubs 324.0 335.0 346.0 357.0 368.0 379.0 390.0 8.3%
Office Buildings 324.0 335.0 346.0 357.0 368.0 379.0 390.0 8.9%
Total Commercial 492.0 506.0 520.0 534.0 548.0 562.0 576.0 11.2%
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Asia-Pacific Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 342.0 353.0 364.0 375.0 386.0 397.0 408.0 4.1%
Mid Rise: 11-30 floors 342.0 353.0 364.0 375.0 386.0 397.0 408.0 4.7%
High Rise: above 30 floors 342.0 353.0 364.0 375.0 386.0 397.0 408.0 5.3%
Total Office Buildings 516.0 530.0 544.0 558.0 572.0 586.0 600.0 11.6%
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China Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 360.0 371.0 382.0 393.0 404.0 415.0 426.0 4.1%
Freight Elevator 360.0 371.0 382.0 393.0 404.0 415.0 426.0 4.7%
Other Types 360.0 371.0 382.0 393.0 404.0 415.0 426.0 5.3%
Total TYPE 540.0 554.0 568.0 582.0 596.0 610.0 624.0 12.0%
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China Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 378.0 389.0 400.0 411.0 422.0 433.0 444.0 4.1%
Hydraulic 378.0 389.0 400.0 411.0 422.0 433.0 444.0 4.7%
Total TECHNOLOGY 564.0 578.0 592.0 606.0 620.0 634.0 648.0 12.4%
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China Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 396.0 407.0 418.0 429.0 440.0 451.0 462.0 4.1%
Machine Roomless [MRL] Traction 396.0 407.0 418.0 429.0 440.0 451.0 462.0 4.7%
Total Traction 588.0 602.0 616.0 630.0 644.0 658.0 672.0 12.8%
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China Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 414.0 425.0 436.0 447.0 458.0 469.0 480.0 4.1%
Maintenance 414.0 425.0 436.0 447.0 458.0 469.0 480.0 4.7%
Modernization 414.0 425.0 436.0 447.0 458.0 469.0 480.0 5.3%
Total SERVICE 612.0 626.0 640.0 654.0 668.0 682.0 696.0 13.2%
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China Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 432.0 443.0 454.0 465.0 476.0 487.0 498.0 4.1%
1500 to 2500 kg 432.0 443.0 454.0 465.0 476.0 487.0 498.0 4.7%
2501 to 4000 kg 432.0 443.0 454.0 465.0 476.0 487.0 498.0 5.3%
More than 4000 kg 432.0 443.0 454.0 465.0 476.0 487.0 498.0 5.9%
Total CAPACITY 636.0 650.0 664.0 678.0 692.0 706.0 720.0 13.6%
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China Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 450.0 461.0 472.0 483.0 494.0 505.0 516.0 4.1%
Between 1 to 4 M/S 450.0 461.0 472.0 483.0 494.0 505.0 516.0 4.7%
More than 5 M/S 450.0 461.0 472.0 483.0 494.0 505.0 516.0 5.3%
Total SPEED 660.0 674.0 688.0 702.0 716.0 730.0 744.0 14.0%
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China Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 468.0 479.0 490.0 501.0 512.0 523.0 534.0 4.1%
Double Deck 468.0 479.0 490.0 501.0 512.0 523.0 534.0 4.7%
Total DECK TYPE 684.0 698.0 712.0 726.0 740.0 754.0 768.0 14.4%
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China Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 486.0 497.0 508.0 519.0 530.0 541.0 552.0 4.1%
Conventional 486.0 497.0 508.0 519.0 530.0 541.0 552.0 4.7%
Total DESIGNATION CONTROL 708.0 722.0 736.0 750.0 764.0 778.0 792.0 14.8%
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China Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 504.0 515.0 526.0 537.0 548.0 559.0 570.0 4.1%
Manual 504.0 515.0 526.0 537.0 548.0 559.0 570.0 4.7%
Total DOOR TYPE 732.0 746.0 760.0 774.0 788.0 802.0 816.0 15.2%
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China Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 522.0 533.0 544.0 555.0 566.0 577.0 588.0 4.1%
Commercial 522.0 533.0 544.0 555.0 566.0 577.0 588.0 4.7%
Industrial 522.0 533.0 544.0 555.0 566.0 577.0 588.0 5.3%
Total APPLICATION 756.0 770.0 784.0 798.0 812.0 826.0 840.0 15.6%
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China Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 540.0 551.0 562.0 573.0 584.0 595.0 606.0 4.1%
Mid Rise: 11-30 floors 540.0 551.0 562.0 573.0 584.0 595.0 606.0 4.7%
High Rise: above 30 floors 540.0 551.0 562.0 573.0 584.0 595.0 606.0 5.3%
Villa/home 540.0 551.0 562.0 573.0 584.0 595.0 606.0 5.9%
Total Residential 780.0 794.0 808.0 822.0 836.0 850.0 864.0 16.0%
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China Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 558.0 569.0 580.0 591.0 602.0 613.0 624.0 4.1%
Hotel & Hospitality 558.0 569.0 580.0 591.0 602.0 613.0 624.0 4.7%
Leisure and Education 558.0 569.0 580.0 591.0 602.0 613.0 624.0 5.3%
Marine & Port Facilities 558.0 569.0 580.0 591.0 602.0 613.0 624.0 5.9%
Medical & Healthcare 558.0 569.0 580.0 591.0 602.0 613.0 624.0 6.5%
Multiuse Buildings (Mixed-Use) 558.0 569.0 580.0 591.0 602.0 613.0 624.0 7.1%
Retail & Shopping Centers 558.0 569.0 580.0 591.0 602.0 613.0 624.0 7.7%
Public Transportation Hubs 558.0 569.0 580.0 591.0 602.0 613.0 624.0 8.3%
Office Buildings 558.0 569.0 580.0 591.0 602.0 613.0 624.0 8.9%
Total Commercial 804.0 818.0 832.0 846.0 860.0 874.0 888.0 16.4%
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China Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 576.0 587.0 598.0 609.0 620.0 631.0 642.0 4.1%
Mid Rise: 11-30 floors 576.0 587.0 598.0 609.0 620.0 631.0 642.0 4.7%
High Rise: above 30 floors 576.0 587.0 598.0 609.0 620.0 631.0 642.0 5.3%
Total Office Buildings 828.0 842.0 856.0 870.0 884.0 898.0 912.0 16.8%
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Japan Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 594.0 605.0 616.0 627.0 638.0 649.0 660.0 4.1%
Freight Elevator 594.0 605.0 616.0 627.0 638.0 649.0 660.0 4.7%
Other Types 594.0 605.0 616.0 627.0 638.0 649.0 660.0 5.3%
Total TYPE 852.0 866.0 880.0 894.0 908.0 922.0 936.0 17.2%
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Japan Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 612.0 623.0 634.0 645.0 656.0 667.0 678.0 4.1%
Hydraulic 612.0 623.0 634.0 645.0 656.0 667.0 678.0 4.7%
Total TECHNOLOGY 876.0 890.0 904.0 918.0 932.0 946.0 960.0 17.6%
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Japan Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 630.0 641.0 652.0 663.0 674.0 685.0 696.0 4.1%
Machine Roomless [MRL] Traction 630.0 641.0 652.0 663.0 674.0 685.0 696.0 4.7%
Total Traction 900.0 914.0 928.0 942.0 956.0 970.0 984.0 18.0%
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Japan Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 648.0 659.0 670.0 681.0 692.0 703.0 714.0 4.1%
Maintenance 648.0 659.0 670.0 681.0 692.0 703.0 714.0 4.7%
Modernization 648.0 659.0 670.0 681.0 692.0 703.0 714.0 5.3%
Total SERVICE 924.0 938.0 952.0 966.0 980.0 994.0 1,008.0 18.4%
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Japan Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 666.0 677.0 688.0 699.0 710.0 721.0 732.0 4.1%
1500 to 2500 kg 666.0 677.0 688.0 699.0 710.0 721.0 732.0 4.7%
2501 to 4000 kg 666.0 677.0 688.0 699.0 710.0 721.0 732.0 5.3%
More than 4000 kg 666.0 677.0 688.0 699.0 710.0 721.0 732.0 5.9%
Total CAPACITY 948.0 962.0 976.0 990.0 1,004.0 1,018.0 1,032.0 18.8%
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Japan Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 684.0 695.0 706.0 717.0 728.0 739.0 750.0 4.1%
Between 1 to 4 M/S 684.0 695.0 706.0 717.0 728.0 739.0 750.0 4.7%
More than 5 M/S 684.0 695.0 706.0 717.0 728.0 739.0 750.0 5.3%
Total SPEED 972.0 986.0 1,000.0 1,014.0 1,028.0 1,042.0 1,056.0 19.2%
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Japan Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 702.0 713.0 724.0 735.0 746.0 757.0 768.0 4.1%
Double Deck 702.0 713.0 724.0 735.0 746.0 757.0 768.0 4.7%
Total DECK TYPE 996.0 1,010.0 1,024.0 1,038.0 1,052.0 1,066.0 1,080.0 19.6%
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Japan Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 720.0 731.0 742.0 753.0 764.0 775.0 786.0 4.1%
Conventional 720.0 731.0 742.0 753.0 764.0 775.0 786.0 4.7%
Total DESIGNATION CONTROL 1,020.0 1,034.0 1,048.0 1,062.0 1,076.0 1,090.0 1,104.0 20.0%
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Japan Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 738.0 749.0 760.0 771.0 782.0 793.0 804.0 4.1%
Manual 738.0 749.0 760.0 771.0 782.0 793.0 804.0 4.7%
Total DOOR TYPE 1,044.0 1,058.0 1,072.0 1,086.0 1,100.0 1,114.0 1,128.0 20.4%
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Japan Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 756.0 767.0 778.0 789.0 800.0 811.0 822.0 4.1%
Commercial 756.0 767.0 778.0 789.0 800.0 811.0 822.0 4.7%
Industrial 756.0 767.0 778.0 789.0 800.0 811.0 822.0 5.3%
Total APPLICATION 1,068.0 1,082.0 1,096.0 1,110.0 1,124.0 1,138.0 1,152.0 20.8%
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Japan Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 774.0 785.0 796.0 807.0 818.0 829.0 840.0 4.1%
Mid Rise: 11-30 floors 774.0 785.0 796.0 807.0 818.0 829.0 840.0 4.7%
High Rise: above 30 floors 774.0 785.0 796.0 807.0 818.0 829.0 840.0 5.3%
Villa/home 774.0 785.0 796.0 807.0 818.0 829.0 840.0 5.9%
Total Residential 1,092.0 1,106.0 1,120.0 1,134.0 1,148.0 1,162.0 1,176.0 21.2%
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Japan Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 792.0 803.0 814.0 825.0 836.0 847.0 858.0 4.1%
Hotel & Hospitality 792.0 803.0 814.0 825.0 836.0 847.0 858.0 4.7%
Leisure and Education 792.0 803.0 814.0 825.0 836.0 847.0 858.0 5.3%
Marine & Port Facilities 792.0 803.0 814.0 825.0 836.0 847.0 858.0 5.9%
Medical & Healthcare 792.0 803.0 814.0 825.0 836.0 847.0 858.0 6.5%
Multiuse Buildings (Mixed-Use) 792.0 803.0 814.0 825.0 836.0 847.0 858.0 7.1%
Retail & Shopping Centers 792.0 803.0 814.0 825.0 836.0 847.0 858.0 7.7%
Public Transportation Hubs 792.0 803.0 814.0 825.0 836.0 847.0 858.0 8.3%
Office Buildings 792.0 803.0 814.0 825.0 836.0 847.0 858.0 8.9%
Total Commercial 1,116.0 1,130.0 1,144.0 1,158.0 1,172.0 1,186.0 1,200.0 21.6%
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Japan Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 810.0 821.0 832.0 843.0 854.0 865.0 876.0 4.1%
Mid Rise: 11-30 floors 810.0 821.0 832.0 843.0 854.0 865.0 876.0 4.7%
High Rise: above 30 floors 810.0 821.0 832.0 843.0 854.0 865.0 876.0 5.3%
Total Office Buildings 1,140.0 1,154.0 1,168.0 1,182.0 1,196.0 1,210.0 1,224.0 22.0%
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India Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 828.0 839.0 850.0 861.0 872.0 883.0 894.0 4.1%
Freight Elevator 828.0 839.0 850.0 861.0 872.0 883.0 894.0 4.7%
Other Types 828.0 839.0 850.0 861.0 872.0 883.0 894.0 5.3%
Total TYPE 1,164.0 1,178.0 1,192.0 1,206.0 1,220.0 1,234.0 1,248.0 22.4%
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India Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 846.0 857.0 868.0 879.0 890.0 901.0 912.0 4.1%
Hydraulic 846.0 857.0 868.0 879.0 890.0 901.0 912.0 4.7%
Total TECHNOLOGY 1,188.0 1,202.0 1,216.0 1,230.0 1,244.0 1,258.0 1,272.0 22.8%
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India Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 864.0 875.0 886.0 897.0 908.0 919.0 930.0 4.1%
Machine Roomless [MRL] Traction 864.0 875.0 886.0 897.0 908.0 919.0 930.0 4.7%
Total Traction 1,212.0 1,226.0 1,240.0 1,254.0 1,268.0 1,282.0 1,296.0 23.2%
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India Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 882.0 893.0 904.0 915.0 926.0 937.0 948.0 4.1%
Maintenance 882.0 893.0 904.0 915.0 926.0 937.0 948.0 4.7%
Modernization 882.0 893.0 904.0 915.0 926.0 937.0 948.0 5.3%
Total SERVICE 1,236.0 1,250.0 1,264.0 1,278.0 1,292.0 1,306.0 1,320.0 23.6%
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India Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 900.0 911.0 922.0 933.0 944.0 955.0 966.0 4.1%
1500 to 2500 kg 900.0 911.0 922.0 933.0 944.0 955.0 966.0 4.7%
2501 to 4000 kg 900.0 911.0 922.0 933.0 944.0 955.0 966.0 5.3%
More than 4000 kg 900.0 911.0 922.0 933.0 944.0 955.0 966.0 5.9%
Total CAPACITY 1,260.0 1,274.0 1,288.0 1,302.0 1,316.0 1,330.0 1,344.0 24.0%
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India Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 918.0 929.0 940.0 951.0 962.0 973.0 984.0 4.1%
Between 1 to 4 M/S 918.0 929.0 940.0 951.0 962.0 973.0 984.0 4.7%
More than 5 M/S 918.0 929.0 940.0 951.0 962.0 973.0 984.0 5.3%
Total SPEED 1,284.0 1,298.0 1,312.0 1,326.0 1,340.0 1,354.0 1,368.0 24.4%
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India Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 936.0 947.0 958.0 969.0 980.0 991.0 1,002.0 4.1%
Double Deck 936.0 947.0 958.0 969.0 980.0 991.0 1,002.0 4.7%
Total DECK TYPE 1,308.0 1,322.0 1,336.0 1,350.0 1,364.0 1,378.0 1,392.0 24.8%
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India Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 954.0 965.0 976.0 987.0 998.0 1,009.0 1,020.0 4.1%
Conventional 954.0 965.0 976.0 987.0 998.0 1,009.0 1,020.0 4.7%
Total DESIGNATION CONTROL 1,332.0 1,346.0 1,360.0 1,374.0 1,388.0 1,402.0 1,416.0 25.2%
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India Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 972.0 983.0 994.0 1,005.0 1,016.0 1,027.0 1,038.0 4.1%
Manual 972.0 983.0 994.0 1,005.0 1,016.0 1,027.0 1,038.0 4.7%
Total DOOR TYPE 1,356.0 1,370.0 1,384.0 1,398.0 1,412.0 1,426.0 1,440.0 25.6%
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India Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 990.0 1,001.0 1,012.0 1,023.0 1,034.0 1,045.0 1,056.0 4.1%
Commercial 990.0 1,001.0 1,012.0 1,023.0 1,034.0 1,045.0 1,056.0 4.7%
Industrial 990.0 1,001.0 1,012.0 1,023.0 1,034.0 1,045.0 1,056.0 5.3%
Total APPLICATION 1,380.0 1,394.0 1,408.0 1,422.0 1,436.0 1,450.0 1,464.0 26.0%
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India Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,008.0 1,019.0 1,030.0 1,041.0 1,052.0 1,063.0 1,074.0 4.1%
Mid Rise: 11-30 floors 1,008.0 1,019.0 1,030.0 1,041.0 1,052.0 1,063.0 1,074.0 4.7%
High Rise: above 30 floors 1,008.0 1,019.0 1,030.0 1,041.0 1,052.0 1,063.0 1,074.0 5.3%
Villa/home 1,008.0 1,019.0 1,030.0 1,041.0 1,052.0 1,063.0 1,074.0 5.9%
Total Residential 1,404.0 1,418.0 1,432.0 1,446.0 1,460.0 1,474.0 1,488.0 26.4%
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India Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 4.1%
Hotel & Hospitality 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 4.7%
Leisure and Education 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 5.3%
Marine & Port Facilities 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 5.9%
Medical & Healthcare 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 6.5%
Multiuse Buildings (Mixed-Use) 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 7.1%
Retail & Shopping Centers 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 7.7%
Public Transportation Hubs 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 8.3%
Office Buildings 1,026.0 1,037.0 1,048.0 1,059.0 1,070.0 1,081.0 1,092.0 8.9%
Total Commercial 1,428.0 1,442.0 1,456.0 1,470.0 1,484.0 1,498.0 1,512.0 26.8%
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India Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,044.0 1,055.0 1,066.0 1,077.0 1,088.0 1,099.0 1,110.0 4.1%
Mid Rise: 11-30 floors 1,044.0 1,055.0 1,066.0 1,077.0 1,088.0 1,099.0 1,110.0 4.7%
High Rise: above 30 floors 1,044.0 1,055.0 1,066.0 1,077.0 1,088.0 1,099.0 1,110.0 5.3%
Total Office Buildings 1,452.0 1,466.0 1,480.0 1,494.0 1,508.0 1,522.0 1,536.0 27.2%
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South Korea Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 1,062.0 1,073.0 1,084.0 1,095.0 1,106.0 1,117.0 1,128.0 4.1%
Freight Elevator 1,062.0 1,073.0 1,084.0 1,095.0 1,106.0 1,117.0 1,128.0 4.7%
Other Types 1,062.0 1,073.0 1,084.0 1,095.0 1,106.0 1,117.0 1,128.0 5.3%
Total TYPE 1,476.0 1,490.0 1,504.0 1,518.0 1,532.0 1,546.0 1,560.0 27.6%
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South Korea Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 1,080.0 1,091.0 1,102.0 1,113.0 1,124.0 1,135.0 1,146.0 4.1%
Hydraulic 1,080.0 1,091.0 1,102.0 1,113.0 1,124.0 1,135.0 1,146.0 4.7%
Total TECHNOLOGY 1,500.0 1,514.0 1,528.0 1,542.0 1,556.0 1,570.0 1,584.0 28.0%
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South Korea Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 1,098.0 1,109.0 1,120.0 1,131.0 1,142.0 1,153.0 1,164.0 4.1%
Machine Roomless [MRL] Traction 1,098.0 1,109.0 1,120.0 1,131.0 1,142.0 1,153.0 1,164.0 4.7%
Total Traction 1,524.0 1,538.0 1,552.0 1,566.0 1,580.0 1,594.0 1,608.0 28.4%
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South Korea Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 1,116.0 1,127.0 1,138.0 1,149.0 1,160.0 1,171.0 1,182.0 4.1%
Maintenance 1,116.0 1,127.0 1,138.0 1,149.0 1,160.0 1,171.0 1,182.0 4.7%
Modernization 1,116.0 1,127.0 1,138.0 1,149.0 1,160.0 1,171.0 1,182.0 5.3%
Total SERVICE 1,548.0 1,562.0 1,576.0 1,590.0 1,604.0 1,618.0 1,632.0 28.8%
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South Korea Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 1,134.0 1,145.0 1,156.0 1,167.0 1,178.0 1,189.0 1,200.0 4.1%
1500 to 2500 kg 1,134.0 1,145.0 1,156.0 1,167.0 1,178.0 1,189.0 1,200.0 4.7%
2501 to 4000 kg 1,134.0 1,145.0 1,156.0 1,167.0 1,178.0 1,189.0 1,200.0 5.3%
More than 4000 kg 1,134.0 1,145.0 1,156.0 1,167.0 1,178.0 1,189.0 1,200.0 5.9%
Total CAPACITY 1,572.0 1,586.0 1,600.0 1,614.0 1,628.0 1,642.0 1,656.0 29.2%
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South Korea Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 1,152.0 1,163.0 1,174.0 1,185.0 1,196.0 1,207.0 1,218.0 4.1%
Between 1 to 4 M/S 1,152.0 1,163.0 1,174.0 1,185.0 1,196.0 1,207.0 1,218.0 4.7%
More than 5 M/S 1,152.0 1,163.0 1,174.0 1,185.0 1,196.0 1,207.0 1,218.0 5.3%
Total SPEED 1,596.0 1,610.0 1,624.0 1,638.0 1,652.0 1,666.0 1,680.0 29.6%
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South Korea Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 1,170.0 1,181.0 1,192.0 1,203.0 1,214.0 1,225.0 1,236.0 4.1%
Double Deck 1,170.0 1,181.0 1,192.0 1,203.0 1,214.0 1,225.0 1,236.0 4.7%
Total DECK TYPE 1,620.0 1,634.0 1,648.0 1,662.0 1,676.0 1,690.0 1,704.0 30.0%
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South Korea Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 1,188.0 1,199.0 1,210.0 1,221.0 1,232.0 1,243.0 1,254.0 4.1%
Conventional 1,188.0 1,199.0 1,210.0 1,221.0 1,232.0 1,243.0 1,254.0 4.7%
Total DESIGNATION CONTROL 1,644.0 1,658.0 1,672.0 1,686.0 1,700.0 1,714.0 1,728.0 30.4%
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South Korea Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 1,206.0 1,217.0 1,228.0 1,239.0 1,250.0 1,261.0 1,272.0 4.1%
Manual 1,206.0 1,217.0 1,228.0 1,239.0 1,250.0 1,261.0 1,272.0 4.7%
Total DOOR TYPE 1,668.0 1,682.0 1,696.0 1,710.0 1,724.0 1,738.0 1,752.0 30.8%
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South Korea Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 1,224.0 1,235.0 1,246.0 1,257.0 1,268.0 1,279.0 1,290.0 4.1%
Commercial 1,224.0 1,235.0 1,246.0 1,257.0 1,268.0 1,279.0 1,290.0 4.7%
Industrial 1,224.0 1,235.0 1,246.0 1,257.0 1,268.0 1,279.0 1,290.0 5.3%
Total APPLICATION 1,692.0 1,706.0 1,720.0 1,734.0 1,748.0 1,762.0 1,776.0 31.2%
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South Korea Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,242.0 1,253.0 1,264.0 1,275.0 1,286.0 1,297.0 1,308.0 4.1%
Mid Rise: 11-30 floors 1,242.0 1,253.0 1,264.0 1,275.0 1,286.0 1,297.0 1,308.0 4.7%
High Rise: above 30 floors 1,242.0 1,253.0 1,264.0 1,275.0 1,286.0 1,297.0 1,308.0 5.3%
Villa/home 1,242.0 1,253.0 1,264.0 1,275.0 1,286.0 1,297.0 1,308.0 5.9%
Total Residential 1,716.0 1,730.0 1,744.0 1,758.0 1,772.0 1,786.0 1,800.0 31.6%
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South Korea Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 4.1%
Hotel & Hospitality 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 4.7%
Leisure and Education 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 5.3%
Marine & Port Facilities 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 5.9%
Medical & Healthcare 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 6.5%
Multiuse Buildings (Mixed-Use) 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 7.1%
Retail & Shopping Centers 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 7.7%
Public Transportation Hubs 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 8.3%
Office Buildings 1,260.0 1,271.0 1,282.0 1,293.0 1,304.0 1,315.0 1,326.0 8.9%
Total Commercial 1,740.0 1,754.0 1,768.0 1,782.0 1,796.0 1,810.0 1,824.0 32.0%
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South Korea Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,278.0 1,289.0 1,300.0 1,311.0 1,322.0 1,333.0 1,344.0 4.1%
Mid Rise: 11-30 floors 1,278.0 1,289.0 1,300.0 1,311.0 1,322.0 1,333.0 1,344.0 4.7%
High Rise: above 30 floors 1,278.0 1,289.0 1,300.0 1,311.0 1,322.0 1,333.0 1,344.0 5.3%
Total Office Buildings 1,764.0 1,778.0 1,792.0 1,806.0 1,820.0 1,834.0 1,848.0 32.4%
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Taiwan Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 1,296.0 1,307.0 1,318.0 1,329.0 1,340.0 1,351.0 1,362.0 4.1%
Freight Elevator 1,296.0 1,307.0 1,318.0 1,329.0 1,340.0 1,351.0 1,362.0 4.7%
Other Types 1,296.0 1,307.0 1,318.0 1,329.0 1,340.0 1,351.0 1,362.0 5.3%
Total TYPE 1,788.0 1,802.0 1,816.0 1,830.0 1,844.0 1,858.0 1,872.0 32.8%
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Taiwan Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 1,314.0 1,325.0 1,336.0 1,347.0 1,358.0 1,369.0 1,380.0 4.1%
Hydraulic 1,314.0 1,325.0 1,336.0 1,347.0 1,358.0 1,369.0 1,380.0 4.7%
Total TECHNOLOGY 1,812.0 1,826.0 1,840.0 1,854.0 1,868.0 1,882.0 1,896.0 33.2%
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Taiwan Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 1,332.0 1,343.0 1,354.0 1,365.0 1,376.0 1,387.0 1,398.0 4.1%
Machine Roomless [MRL] Traction 1,332.0 1,343.0 1,354.0 1,365.0 1,376.0 1,387.0 1,398.0 4.7%
Total Traction 1,836.0 1,850.0 1,864.0 1,878.0 1,892.0 1,906.0 1,920.0 33.6%
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Taiwan Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 1,350.0 1,361.0 1,372.0 1,383.0 1,394.0 1,405.0 1,416.0 4.1%
Maintenance 1,350.0 1,361.0 1,372.0 1,383.0 1,394.0 1,405.0 1,416.0 4.7%
Modernization 1,350.0 1,361.0 1,372.0 1,383.0 1,394.0 1,405.0 1,416.0 5.3%
Total SERVICE 1,860.0 1,874.0 1,888.0 1,902.0 1,916.0 1,930.0 1,944.0 34.0%
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Taiwan Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 1,368.0 1,379.0 1,390.0 1,401.0 1,412.0 1,423.0 1,434.0 4.1%
1500 to 2500 kg 1,368.0 1,379.0 1,390.0 1,401.0 1,412.0 1,423.0 1,434.0 4.7%
2501 to 4000 kg 1,368.0 1,379.0 1,390.0 1,401.0 1,412.0 1,423.0 1,434.0 5.3%
More than 4000 kg 1,368.0 1,379.0 1,390.0 1,401.0 1,412.0 1,423.0 1,434.0 5.9%
Total CAPACITY 1,884.0 1,898.0 1,912.0 1,926.0 1,940.0 1,954.0 1,968.0 34.4%
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Taiwan Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 1,386.0 1,397.0 1,408.0 1,419.0 1,430.0 1,441.0 1,452.0 4.1%
Between 1 to 4 M/S 1,386.0 1,397.0 1,408.0 1,419.0 1,430.0 1,441.0 1,452.0 4.7%
More than 5 M/S 1,386.0 1,397.0 1,408.0 1,419.0 1,430.0 1,441.0 1,452.0 5.3%
Total SPEED 1,908.0 1,922.0 1,936.0 1,950.0 1,964.0 1,978.0 1,992.0 34.8%
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Taiwan Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 1,404.0 1,415.0 1,426.0 1,437.0 1,448.0 1,459.0 1,470.0 4.1%
Double Deck 1,404.0 1,415.0 1,426.0 1,437.0 1,448.0 1,459.0 1,470.0 4.7%
Total DECK TYPE 1,932.0 1,946.0 1,960.0 1,974.0 1,988.0 2,002.0 2,016.0 35.2%
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Taiwan Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 1,422.0 1,433.0 1,444.0 1,455.0 1,466.0 1,477.0 1,488.0 4.1%
Conventional 1,422.0 1,433.0 1,444.0 1,455.0 1,466.0 1,477.0 1,488.0 4.7%
Total DESIGNATION CONTROL 1,956.0 1,970.0 1,984.0 1,998.0 2,012.0 2,026.0 2,040.0 35.6%
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Taiwan Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 1,440.0 1,451.0 1,462.0 1,473.0 1,484.0 1,495.0 1,506.0 4.1%
Manual 1,440.0 1,451.0 1,462.0 1,473.0 1,484.0 1,495.0 1,506.0 4.7%
Total DOOR TYPE 1,980.0 1,994.0 2,008.0 2,022.0 2,036.0 2,050.0 2,064.0 36.0%
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Taiwan Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 1,458.0 1,469.0 1,480.0 1,491.0 1,502.0 1,513.0 1,524.0 4.1%
Commercial 1,458.0 1,469.0 1,480.0 1,491.0 1,502.0 1,513.0 1,524.0 4.7%
Industrial 1,458.0 1,469.0 1,480.0 1,491.0 1,502.0 1,513.0 1,524.0 5.3%
Total APPLICATION 2,004.0 2,018.0 2,032.0 2,046.0 2,060.0 2,074.0 2,088.0 36.4%
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Taiwan Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,476.0 1,487.0 1,498.0 1,509.0 1,520.0 1,531.0 1,542.0 4.1%
Mid Rise: 11-30 floors 1,476.0 1,487.0 1,498.0 1,509.0 1,520.0 1,531.0 1,542.0 4.7%
High Rise: above 30 floors 1,476.0 1,487.0 1,498.0 1,509.0 1,520.0 1,531.0 1,542.0 5.3%
Villa/home 1,476.0 1,487.0 1,498.0 1,509.0 1,520.0 1,531.0 1,542.0 5.9%
Total Residential 2,028.0 2,042.0 2,056.0 2,070.0 2,084.0 2,098.0 2,112.0 36.8%
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Taiwan Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 4.1%
Hotel & Hospitality 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 4.7%
Leisure and Education 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 5.3%
Marine & Port Facilities 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 5.9%
Medical & Healthcare 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 6.5%
Multiuse Buildings (Mixed-Use) 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 7.1%
Retail & Shopping Centers 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 7.7%
Public Transportation Hubs 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 8.3%
Office Buildings 1,494.0 1,505.0 1,516.0 1,527.0 1,538.0 1,549.0 1,560.0 8.9%
Total Commercial 2,052.0 2,066.0 2,080.0 2,094.0 2,108.0 2,122.0 2,136.0 37.2%
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Taiwan Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,512.0 1,523.0 1,534.0 1,545.0 1,556.0 1,567.0 1,578.0 4.1%
Mid Rise: 11-30 floors 1,512.0 1,523.0 1,534.0 1,545.0 1,556.0 1,567.0 1,578.0 4.7%
High Rise: above 30 floors 1,512.0 1,523.0 1,534.0 1,545.0 1,556.0 1,567.0 1,578.0 5.3%
Total Office Buildings 2,076.0 2,090.0 2,104.0 2,118.0 2,132.0 2,146.0 2,160.0 37.6%
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Indonesia Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 1,530.0 1,541.0 1,552.0 1,563.0 1,574.0 1,585.0 1,596.0 4.1%
Freight Elevator 1,530.0 1,541.0 1,552.0 1,563.0 1,574.0 1,585.0 1,596.0 4.7%
Other Types 1,530.0 1,541.0 1,552.0 1,563.0 1,574.0 1,585.0 1,596.0 5.3%
Total TYPE 2,100.0 2,114.0 2,128.0 2,142.0 2,156.0 2,170.0 2,184.0 38.0%
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Indonesia Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 1,548.0 1,559.0 1,570.0 1,581.0 1,592.0 1,603.0 1,614.0 4.1%
Hydraulic 1,548.0 1,559.0 1,570.0 1,581.0 1,592.0 1,603.0 1,614.0 4.7%
Total TECHNOLOGY 2,124.0 2,138.0 2,152.0 2,166.0 2,180.0 2,194.0 2,208.0 38.4%
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Indonesia Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 1,566.0 1,577.0 1,588.0 1,599.0 1,610.0 1,621.0 1,632.0 4.1%
Machine Roomless [MRL] Traction 1,566.0 1,577.0 1,588.0 1,599.0 1,610.0 1,621.0 1,632.0 4.7%
Total Traction 2,148.0 2,162.0 2,176.0 2,190.0 2,204.0 2,218.0 2,232.0 38.8%
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Indonesia Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 1,584.0 1,595.0 1,606.0 1,617.0 1,628.0 1,639.0 1,650.0 4.1%
Maintenance 1,584.0 1,595.0 1,606.0 1,617.0 1,628.0 1,639.0 1,650.0 4.7%
Modernization 1,584.0 1,595.0 1,606.0 1,617.0 1,628.0 1,639.0 1,650.0 5.3%
Total SERVICE 2,172.0 2,186.0 2,200.0 2,214.0 2,228.0 2,242.0 2,256.0 39.2%
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Indonesia Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 1,602.0 1,613.0 1,624.0 1,635.0 1,646.0 1,657.0 1,668.0 4.1%
1500 to 2500 kg 1,602.0 1,613.0 1,624.0 1,635.0 1,646.0 1,657.0 1,668.0 4.7%
2501 to 4000 kg 1,602.0 1,613.0 1,624.0 1,635.0 1,646.0 1,657.0 1,668.0 5.3%
More than 4000 kg 1,602.0 1,613.0 1,624.0 1,635.0 1,646.0 1,657.0 1,668.0 5.9%
Total CAPACITY 2,196.0 2,210.0 2,224.0 2,238.0 2,252.0 2,266.0 2,280.0 39.6%
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Indonesia Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 1,620.0 1,631.0 1,642.0 1,653.0 1,664.0 1,675.0 1,686.0 4.1%
Between 1 to 4 M/S 1,620.0 1,631.0 1,642.0 1,653.0 1,664.0 1,675.0 1,686.0 4.7%
More than 5 M/S 1,620.0 1,631.0 1,642.0 1,653.0 1,664.0 1,675.0 1,686.0 5.3%
Total SPEED 2,220.0 2,234.0 2,248.0 2,262.0 2,276.0 2,290.0 2,304.0 40.0%
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Indonesia Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 1,638.0 1,649.0 1,660.0 1,671.0 1,682.0 1,693.0 1,704.0 4.1%
Double Deck 1,638.0 1,649.0 1,660.0 1,671.0 1,682.0 1,693.0 1,704.0 4.7%
Total DECK TYPE 2,244.0 2,258.0 2,272.0 2,286.0 2,300.0 2,314.0 2,328.0 40.4%
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Indonesia Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 1,656.0 1,667.0 1,678.0 1,689.0 1,700.0 1,711.0 1,722.0 4.1%
Conventional 1,656.0 1,667.0 1,678.0 1,689.0 1,700.0 1,711.0 1,722.0 4.7%
Total DESIGNATION CONTROL 2,268.0 2,282.0 2,296.0 2,310.0 2,324.0 2,338.0 2,352.0 40.8%
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Indonesia Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 1,674.0 1,685.0 1,696.0 1,707.0 1,718.0 1,729.0 1,740.0 4.1%
Manual 1,674.0 1,685.0 1,696.0 1,707.0 1,718.0 1,729.0 1,740.0 4.7%
Total DOOR TYPE 2,292.0 2,306.0 2,320.0 2,334.0 2,348.0 2,362.0 2,376.0 41.2%
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Indonesia Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 1,692.0 1,703.0 1,714.0 1,725.0 1,736.0 1,747.0 1,758.0 4.1%
Commercial 1,692.0 1,703.0 1,714.0 1,725.0 1,736.0 1,747.0 1,758.0 4.7%
Industrial 1,692.0 1,703.0 1,714.0 1,725.0 1,736.0 1,747.0 1,758.0 5.3%
Total APPLICATION 2,316.0 2,330.0 2,344.0 2,358.0 2,372.0 2,386.0 2,400.0 41.6%
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Indonesia Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,710.0 1,721.0 1,732.0 1,743.0 1,754.0 1,765.0 1,776.0 4.1%
Mid Rise: 11-30 floors 1,710.0 1,721.0 1,732.0 1,743.0 1,754.0 1,765.0 1,776.0 4.7%
High Rise: above 30 floors 1,710.0 1,721.0 1,732.0 1,743.0 1,754.0 1,765.0 1,776.0 5.3%
Villa/home 1,710.0 1,721.0 1,732.0 1,743.0 1,754.0 1,765.0 1,776.0 5.9%
Total Residential 2,340.0 2,354.0 2,368.0 2,382.0 2,396.0 2,410.0 2,424.0 42.0%
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Indonesia Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 4.1%
Hotel & Hospitality 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 4.7%
Leisure and Education 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 5.3%
Marine & Port Facilities 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 5.9%
Medical & Healthcare 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 6.5%
Multiuse Buildings (Mixed-Use) 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 7.1%
Retail & Shopping Centers 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 7.7%
Public Transportation Hubs 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 8.3%
Office Buildings 1,728.0 1,739.0 1,750.0 1,761.0 1,772.0 1,783.0 1,794.0 8.9%
Total Commercial 2,364.0 2,378.0 2,392.0 2,406.0 2,420.0 2,434.0 2,448.0 42.4%
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Indonesia Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,746.0 1,757.0 1,768.0 1,779.0 1,790.0 1,801.0 1,812.0 4.1%
Mid Rise: 11-30 floors 1,746.0 1,757.0 1,768.0 1,779.0 1,790.0 1,801.0 1,812.0 4.7%
High Rise: above 30 floors 1,746.0 1,757.0 1,768.0 1,779.0 1,790.0 1,801.0 1,812.0 5.3%
Total Office Buildings 2,388.0 2,402.0 2,416.0 2,430.0 2,444.0 2,458.0 2,472.0 42.8%
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Vietnam Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 1,764.0 1,775.0 1,786.0 1,797.0 1,808.0 1,819.0 1,830.0 4.1%
Freight Elevator 1,764.0 1,775.0 1,786.0 1,797.0 1,808.0 1,819.0 1,830.0 4.7%
Other Types 1,764.0 1,775.0 1,786.0 1,797.0 1,808.0 1,819.0 1,830.0 5.3%
Total TYPE 2,412.0 2,426.0 2,440.0 2,454.0 2,468.0 2,482.0 2,496.0 43.2%
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Vietnam Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 1,782.0 1,793.0 1,804.0 1,815.0 1,826.0 1,837.0 1,848.0 4.1%
Hydraulic 1,782.0 1,793.0 1,804.0 1,815.0 1,826.0 1,837.0 1,848.0 4.7%
Total TECHNOLOGY 2,436.0 2,450.0 2,464.0 2,478.0 2,492.0 2,506.0 2,520.0 43.6%
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Vietnam Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 1,800.0 1,811.0 1,822.0 1,833.0 1,844.0 1,855.0 1,866.0 4.1%
Machine Roomless [MRL] Traction 1,800.0 1,811.0 1,822.0 1,833.0 1,844.0 1,855.0 1,866.0 4.7%
Total Traction 2,460.0 2,474.0 2,488.0 2,502.0 2,516.0 2,530.0 2,544.0 44.0%
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Vietnam Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 1,818.0 1,829.0 1,840.0 1,851.0 1,862.0 1,873.0 1,884.0 4.1%
Maintenance 1,818.0 1,829.0 1,840.0 1,851.0 1,862.0 1,873.0 1,884.0 4.7%
Modernization 1,818.0 1,829.0 1,840.0 1,851.0 1,862.0 1,873.0 1,884.0 5.3%
Total SERVICE 2,484.0 2,498.0 2,512.0 2,526.0 2,540.0 2,554.0 2,568.0 44.4%
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Vietnam Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 1,836.0 1,847.0 1,858.0 1,869.0 1,880.0 1,891.0 1,902.0 4.1%
1500 to 2500 kg 1,836.0 1,847.0 1,858.0 1,869.0 1,880.0 1,891.0 1,902.0 4.7%
2501 to 4000 kg 1,836.0 1,847.0 1,858.0 1,869.0 1,880.0 1,891.0 1,902.0 5.3%
More than 4000 kg 1,836.0 1,847.0 1,858.0 1,869.0 1,880.0 1,891.0 1,902.0 5.9%
Total CAPACITY 2,508.0 2,522.0 2,536.0 2,550.0 2,564.0 2,578.0 2,592.0 44.8%
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Vietnam Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 1,854.0 1,865.0 1,876.0 1,887.0 1,898.0 1,909.0 1,920.0 4.1%
Between 1 to 4 M/S 1,854.0 1,865.0 1,876.0 1,887.0 1,898.0 1,909.0 1,920.0 4.7%
More than 5 M/S 1,854.0 1,865.0 1,876.0 1,887.0 1,898.0 1,909.0 1,920.0 5.3%
Total SPEED 2,532.0 2,546.0 2,560.0 2,574.0 2,588.0 2,602.0 2,616.0 45.2%
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Vietnam Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 1,872.0 1,883.0 1,894.0 1,905.0 1,916.0 1,927.0 1,938.0 4.1%
Double Deck 1,872.0 1,883.0 1,894.0 1,905.0 1,916.0 1,927.0 1,938.0 4.7%
Total DECK TYPE 2,556.0 2,570.0 2,584.0 2,598.0 2,612.0 2,626.0 2,640.0 45.6%
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Vietnam Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 1,890.0 1,901.0 1,912.0 1,923.0 1,934.0 1,945.0 1,956.0 4.1%
Conventional 1,890.0 1,901.0 1,912.0 1,923.0 1,934.0 1,945.0 1,956.0 4.7%
Total DESIGNATION CONTROL 2,580.0 2,594.0 2,608.0 2,622.0 2,636.0 2,650.0 2,664.0 46.0%
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Vietnam Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 1,908.0 1,919.0 1,930.0 1,941.0 1,952.0 1,963.0 1,974.0 4.1%
Manual 1,908.0 1,919.0 1,930.0 1,941.0 1,952.0 1,963.0 1,974.0 4.7%
Total DOOR TYPE 2,604.0 2,618.0 2,632.0 2,646.0 2,660.0 2,674.0 2,688.0 46.4%
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Vietnam Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 1,926.0 1,937.0 1,948.0 1,959.0 1,970.0 1,981.0 1,992.0 4.1%
Commercial 1,926.0 1,937.0 1,948.0 1,959.0 1,970.0 1,981.0 1,992.0 4.7%
Industrial 1,926.0 1,937.0 1,948.0 1,959.0 1,970.0 1,981.0 1,992.0 5.3%
Total APPLICATION 2,628.0 2,642.0 2,656.0 2,670.0 2,684.0 2,698.0 2,712.0 46.8%
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Vietnam Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,944.0 1,955.0 1,966.0 1,977.0 1,988.0 1,999.0 2,010.0 4.1%
Mid Rise: 11-30 floors 1,944.0 1,955.0 1,966.0 1,977.0 1,988.0 1,999.0 2,010.0 4.7%
High Rise: above 30 floors 1,944.0 1,955.0 1,966.0 1,977.0 1,988.0 1,999.0 2,010.0 5.3%
Villa/home 1,944.0 1,955.0 1,966.0 1,977.0 1,988.0 1,999.0 2,010.0 5.9%
Total Residential 2,652.0 2,666.0 2,680.0 2,694.0 2,708.0 2,722.0 2,736.0 47.2%
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Vietnam Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 4.1%
Hotel & Hospitality 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 4.7%
Leisure and Education 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 5.3%
Marine & Port Facilities 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 5.9%
Medical & Healthcare 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 6.5%
Multiuse Buildings (Mixed-Use) 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 7.1%
Retail & Shopping Centers 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 7.7%
Public Transportation Hubs 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 8.3%
Office Buildings 1,962.0 1,973.0 1,984.0 1,995.0 2,006.0 2,017.0 2,028.0 8.9%
Total Commercial 2,676.0 2,690.0 2,704.0 2,718.0 2,732.0 2,746.0 2,760.0 47.6%
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Vietnam Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 1,980.0 1,991.0 2,002.0 2,013.0 2,024.0 2,035.0 2,046.0 4.1%
Mid Rise: 11-30 floors 1,980.0 1,991.0 2,002.0 2,013.0 2,024.0 2,035.0 2,046.0 4.7%
High Rise: above 30 floors 1,980.0 1,991.0 2,002.0 2,013.0 2,024.0 2,035.0 2,046.0 5.3%
Total Office Buildings 2,700.0 2,714.0 2,728.0 2,742.0 2,756.0 2,770.0 2,784.0 48.0%
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Australia Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 1,998.0 2,009.0 2,020.0 2,031.0 2,042.0 2,053.0 2,064.0 4.1%
Freight Elevator 1,998.0 2,009.0 2,020.0 2,031.0 2,042.0 2,053.0 2,064.0 4.7%
Other Types 1,998.0 2,009.0 2,020.0 2,031.0 2,042.0 2,053.0 2,064.0 5.3%
Total TYPE 2,724.0 2,738.0 2,752.0 2,766.0 2,780.0 2,794.0 2,808.0 48.4%
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Australia Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 2,016.0 2,027.0 2,038.0 2,049.0 2,060.0 2,071.0 2,082.0 4.1%
Hydraulic 2,016.0 2,027.0 2,038.0 2,049.0 2,060.0 2,071.0 2,082.0 4.7%
Total TECHNOLOGY 2,748.0 2,762.0 2,776.0 2,790.0 2,804.0 2,818.0 2,832.0 48.8%
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Australia Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 2,034.0 2,045.0 2,056.0 2,067.0 2,078.0 2,089.0 2,100.0 4.1%
Machine Roomless [MRL] Traction 2,034.0 2,045.0 2,056.0 2,067.0 2,078.0 2,089.0 2,100.0 4.7%
Total Traction 2,772.0 2,786.0 2,800.0 2,814.0 2,828.0 2,842.0 2,856.0 49.2%
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Australia Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 2,052.0 2,063.0 2,074.0 2,085.0 2,096.0 2,107.0 2,118.0 4.1%
Maintenance 2,052.0 2,063.0 2,074.0 2,085.0 2,096.0 2,107.0 2,118.0 4.7%
Modernization 2,052.0 2,063.0 2,074.0 2,085.0 2,096.0 2,107.0 2,118.0 5.3%
Total SERVICE 2,796.0 2,810.0 2,824.0 2,838.0 2,852.0 2,866.0 2,880.0 49.6%
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Australia Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 2,070.0 2,081.0 2,092.0 2,103.0 2,114.0 2,125.0 2,136.0 4.1%
1500 to 2500 kg 2,070.0 2,081.0 2,092.0 2,103.0 2,114.0 2,125.0 2,136.0 4.7%
2501 to 4000 kg 2,070.0 2,081.0 2,092.0 2,103.0 2,114.0 2,125.0 2,136.0 5.3%
More than 4000 kg 2,070.0 2,081.0 2,092.0 2,103.0 2,114.0 2,125.0 2,136.0 5.9%
Total CAPACITY 2,820.0 2,834.0 2,848.0 2,862.0 2,876.0 2,890.0 2,904.0 50.0%
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Australia Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 2,088.0 2,099.0 2,110.0 2,121.0 2,132.0 2,143.0 2,154.0 4.1%
Between 1 to 4 M/S 2,088.0 2,099.0 2,110.0 2,121.0 2,132.0 2,143.0 2,154.0 4.7%
More than 5 M/S 2,088.0 2,099.0 2,110.0 2,121.0 2,132.0 2,143.0 2,154.0 5.3%
Total SPEED 2,844.0 2,858.0 2,872.0 2,886.0 2,900.0 2,914.0 2,928.0 50.4%
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Australia Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 2,106.0 2,117.0 2,128.0 2,139.0 2,150.0 2,161.0 2,172.0 4.1%
Double Deck 2,106.0 2,117.0 2,128.0 2,139.0 2,150.0 2,161.0 2,172.0 4.7%
Total DECK TYPE 2,868.0 2,882.0 2,896.0 2,910.0 2,924.0 2,938.0 2,952.0 50.8%
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Australia Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 2,124.0 2,135.0 2,146.0 2,157.0 2,168.0 2,179.0 2,190.0 4.1%
Conventional 2,124.0 2,135.0 2,146.0 2,157.0 2,168.0 2,179.0 2,190.0 4.7%
Total DESIGNATION CONTROL 2,892.0 2,906.0 2,920.0 2,934.0 2,948.0 2,962.0 2,976.0 51.2%
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Australia Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 2,142.0 2,153.0 2,164.0 2,175.0 2,186.0 2,197.0 2,208.0 4.1%
Manual 2,142.0 2,153.0 2,164.0 2,175.0 2,186.0 2,197.0 2,208.0 4.7%
Total DOOR TYPE 2,916.0 2,930.0 2,944.0 2,958.0 2,972.0 2,986.0 3,000.0 51.6%
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Australia Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 2,160.0 2,171.0 2,182.0 2,193.0 2,204.0 2,215.0 2,226.0 4.1%
Commercial 2,160.0 2,171.0 2,182.0 2,193.0 2,204.0 2,215.0 2,226.0 4.7%
Industrial 2,160.0 2,171.0 2,182.0 2,193.0 2,204.0 2,215.0 2,226.0 5.3%
Total APPLICATION 2,940.0 2,954.0 2,968.0 2,982.0 2,996.0 3,010.0 3,024.0 52.0%
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Australia Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,178.0 2,189.0 2,200.0 2,211.0 2,222.0 2,233.0 2,244.0 4.1%
Mid Rise: 11-30 floors 2,178.0 2,189.0 2,200.0 2,211.0 2,222.0 2,233.0 2,244.0 4.7%
High Rise: above 30 floors 2,178.0 2,189.0 2,200.0 2,211.0 2,222.0 2,233.0 2,244.0 5.3%
Villa/home 2,178.0 2,189.0 2,200.0 2,211.0 2,222.0 2,233.0 2,244.0 5.9%
Total Residential 2,964.0 2,978.0 2,992.0 3,006.0 3,020.0 3,034.0 3,048.0 52.4%
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Australia Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 4.1%
Hotel & Hospitality 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 4.7%
Leisure and Education 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 5.3%
Marine & Port Facilities 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 5.9%
Medical & Healthcare 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 6.5%
Multiuse Buildings (Mixed-Use) 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 7.1%
Retail & Shopping Centers 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 7.7%
Public Transportation Hubs 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 8.3%
Office Buildings 2,196.0 2,207.0 2,218.0 2,229.0 2,240.0 2,251.0 2,262.0 8.9%
Total Commercial 2,988.0 3,002.0 3,016.0 3,030.0 3,044.0 3,058.0 3,072.0 52.8%
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Australia Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,214.0 2,225.0 2,236.0 2,247.0 2,258.0 2,269.0 2,280.0 4.1%
Mid Rise: 11-30 floors 2,214.0 2,225.0 2,236.0 2,247.0 2,258.0 2,269.0 2,280.0 4.7%
High Rise: above 30 floors 2,214.0 2,225.0 2,236.0 2,247.0 2,258.0 2,269.0 2,280.0 5.3%
Total Office Buildings 3,012.0 3,026.0 3,040.0 3,054.0 3,068.0 3,082.0 3,096.0 53.2%
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Philippines Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 2,232.0 2,243.0 2,254.0 2,265.0 2,276.0 2,287.0 2,298.0 4.1%
Freight Elevator 2,232.0 2,243.0 2,254.0 2,265.0 2,276.0 2,287.0 2,298.0 4.7%
Other Types 2,232.0 2,243.0 2,254.0 2,265.0 2,276.0 2,287.0 2,298.0 5.3%
Total TYPE 3,036.0 3,050.0 3,064.0 3,078.0 3,092.0 3,106.0 3,120.0 53.6%
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Philippines Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 2,250.0 2,261.0 2,272.0 2,283.0 2,294.0 2,305.0 2,316.0 4.1%
Hydraulic 2,250.0 2,261.0 2,272.0 2,283.0 2,294.0 2,305.0 2,316.0 4.7%
Total TECHNOLOGY 3,060.0 3,074.0 3,088.0 3,102.0 3,116.0 3,130.0 3,144.0 54.0%
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Philippines Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 2,268.0 2,279.0 2,290.0 2,301.0 2,312.0 2,323.0 2,334.0 4.1%
Machine Roomless [MRL] Traction 2,268.0 2,279.0 2,290.0 2,301.0 2,312.0 2,323.0 2,334.0 4.7%
Total Traction 3,084.0 3,098.0 3,112.0 3,126.0 3,140.0 3,154.0 3,168.0 54.4%
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Philippines Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 2,286.0 2,297.0 2,308.0 2,319.0 2,330.0 2,341.0 2,352.0 4.1%
Maintenance 2,286.0 2,297.0 2,308.0 2,319.0 2,330.0 2,341.0 2,352.0 4.7%
Modernization 2,286.0 2,297.0 2,308.0 2,319.0 2,330.0 2,341.0 2,352.0 5.3%
Total SERVICE 3,108.0 3,122.0 3,136.0 3,150.0 3,164.0 3,178.0 3,192.0 54.8%
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Philippines Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 2,304.0 2,315.0 2,326.0 2,337.0 2,348.0 2,359.0 2,370.0 4.1%
1500 to 2500 kg 2,304.0 2,315.0 2,326.0 2,337.0 2,348.0 2,359.0 2,370.0 4.7%
2501 to 4000 kg 2,304.0 2,315.0 2,326.0 2,337.0 2,348.0 2,359.0 2,370.0 5.3%
More than 4000 kg 2,304.0 2,315.0 2,326.0 2,337.0 2,348.0 2,359.0 2,370.0 5.9%
Total CAPACITY 3,132.0 3,146.0 3,160.0 3,174.0 3,188.0 3,202.0 3,216.0 55.2%
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Philippines Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 2,322.0 2,333.0 2,344.0 2,355.0 2,366.0 2,377.0 2,388.0 4.1%
Between 1 to 4 M/S 2,322.0 2,333.0 2,344.0 2,355.0 2,366.0 2,377.0 2,388.0 4.7%
More than 5 M/S 2,322.0 2,333.0 2,344.0 2,355.0 2,366.0 2,377.0 2,388.0 5.3%
Total SPEED 3,156.0 3,170.0 3,184.0 3,198.0 3,212.0 3,226.0 3,240.0 55.6%
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Philippines Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 2,340.0 2,351.0 2,362.0 2,373.0 2,384.0 2,395.0 2,406.0 4.1%
Double Deck 2,340.0 2,351.0 2,362.0 2,373.0 2,384.0 2,395.0 2,406.0 4.7%
Total DECK TYPE 3,180.0 3,194.0 3,208.0 3,222.0 3,236.0 3,250.0 3,264.0 56.0%
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Philippines Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 2,358.0 2,369.0 2,380.0 2,391.0 2,402.0 2,413.0 2,424.0 4.1%
Conventional 2,358.0 2,369.0 2,380.0 2,391.0 2,402.0 2,413.0 2,424.0 4.7%
Total DESIGNATION CONTROL 3,204.0 3,218.0 3,232.0 3,246.0 3,260.0 3,274.0 3,288.0 56.4%
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Philippines Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 2,376.0 2,387.0 2,398.0 2,409.0 2,420.0 2,431.0 2,442.0 4.1%
Manual 2,376.0 2,387.0 2,398.0 2,409.0 2,420.0 2,431.0 2,442.0 4.7%
Total DOOR TYPE 3,228.0 3,242.0 3,256.0 3,270.0 3,284.0 3,298.0 3,312.0 56.8%
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Philippines Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 2,394.0 2,405.0 2,416.0 2,427.0 2,438.0 2,449.0 2,460.0 4.1%
Commercial 2,394.0 2,405.0 2,416.0 2,427.0 2,438.0 2,449.0 2,460.0 4.7%
Industrial 2,394.0 2,405.0 2,416.0 2,427.0 2,438.0 2,449.0 2,460.0 5.3%
Total APPLICATION 3,252.0 3,266.0 3,280.0 3,294.0 3,308.0 3,322.0 3,336.0 57.2%
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Philippines Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,412.0 2,423.0 2,434.0 2,445.0 2,456.0 2,467.0 2,478.0 4.1%
Mid Rise: 11-30 floors 2,412.0 2,423.0 2,434.0 2,445.0 2,456.0 2,467.0 2,478.0 4.7%
High Rise: above 30 floors 2,412.0 2,423.0 2,434.0 2,445.0 2,456.0 2,467.0 2,478.0 5.3%
Villa/home 2,412.0 2,423.0 2,434.0 2,445.0 2,456.0 2,467.0 2,478.0 5.9%
Total Residential 3,276.0 3,290.0 3,304.0 3,318.0 3,332.0 3,346.0 3,360.0 57.6%
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Philippines Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 4.1%
Hotel & Hospitality 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 4.7%
Leisure and Education 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 5.3%
Marine & Port Facilities 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 5.9%
Medical & Healthcare 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 6.5%
Multiuse Buildings (Mixed-Use) 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 7.1%
Retail & Shopping Centers 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 7.7%
Public Transportation Hubs 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 8.3%
Office Buildings 2,430.0 2,441.0 2,452.0 2,463.0 2,474.0 2,485.0 2,496.0 8.9%
Total Commercial 3,300.0 3,314.0 3,328.0 3,342.0 3,356.0 3,370.0 3,384.0 58.0%
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Philippines Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,448.0 2,459.0 2,470.0 2,481.0 2,492.0 2,503.0 2,514.0 4.1%
Mid Rise: 11-30 floors 2,448.0 2,459.0 2,470.0 2,481.0 2,492.0 2,503.0 2,514.0 4.7%
High Rise: above 30 floors 2,448.0 2,459.0 2,470.0 2,481.0 2,492.0 2,503.0 2,514.0 5.3%
Total Office Buildings 3,324.0 3,338.0 3,352.0 3,366.0 3,380.0 3,394.0 3,408.0 58.4%
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Malaysia Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 2,466.0 2,477.0 2,488.0 2,499.0 2,510.0 2,521.0 2,532.0 4.1%
Freight Elevator 2,466.0 2,477.0 2,488.0 2,499.0 2,510.0 2,521.0 2,532.0 4.7%
Other Types 2,466.0 2,477.0 2,488.0 2,499.0 2,510.0 2,521.0 2,532.0 5.3%
Total TYPE 3,348.0 3,362.0 3,376.0 3,390.0 3,404.0 3,418.0 3,432.0 58.8%
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Malaysia Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 2,484.0 2,495.0 2,506.0 2,517.0 2,528.0 2,539.0 2,550.0 4.1%
Hydraulic 2,484.0 2,495.0 2,506.0 2,517.0 2,528.0 2,539.0 2,550.0 4.7%
Total TECHNOLOGY 3,372.0 3,386.0 3,400.0 3,414.0 3,428.0 3,442.0 3,456.0 59.2%
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Malaysia Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 2,502.0 2,513.0 2,524.0 2,535.0 2,546.0 2,557.0 2,568.0 4.1%
Machine Roomless [MRL] Traction 2,502.0 2,513.0 2,524.0 2,535.0 2,546.0 2,557.0 2,568.0 4.7%
Total Traction 3,396.0 3,410.0 3,424.0 3,438.0 3,452.0 3,466.0 3,480.0 59.6%
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Malaysia Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 2,520.0 2,531.0 2,542.0 2,553.0 2,564.0 2,575.0 2,586.0 4.1%
Maintenance 2,520.0 2,531.0 2,542.0 2,553.0 2,564.0 2,575.0 2,586.0 4.7%
Modernization 2,520.0 2,531.0 2,542.0 2,553.0 2,564.0 2,575.0 2,586.0 5.3%
Total SERVICE 3,420.0 3,434.0 3,448.0 3,462.0 3,476.0 3,490.0 3,504.0 60.0%
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Malaysia Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 2,538.0 2,549.0 2,560.0 2,571.0 2,582.0 2,593.0 2,604.0 4.1%
1500 to 2500 kg 2,538.0 2,549.0 2,560.0 2,571.0 2,582.0 2,593.0 2,604.0 4.7%
2501 to 4000 kg 2,538.0 2,549.0 2,560.0 2,571.0 2,582.0 2,593.0 2,604.0 5.3%
More than 4000 kg 2,538.0 2,549.0 2,560.0 2,571.0 2,582.0 2,593.0 2,604.0 5.9%
Total CAPACITY 3,444.0 3,458.0 3,472.0 3,486.0 3,500.0 3,514.0 3,528.0 60.4%
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Malaysia Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 2,556.0 2,567.0 2,578.0 2,589.0 2,600.0 2,611.0 2,622.0 4.1%
Between 1 to 4 M/S 2,556.0 2,567.0 2,578.0 2,589.0 2,600.0 2,611.0 2,622.0 4.7%
More than 5 M/S 2,556.0 2,567.0 2,578.0 2,589.0 2,600.0 2,611.0 2,622.0 5.3%
Total SPEED 3,468.0 3,482.0 3,496.0 3,510.0 3,524.0 3,538.0 3,552.0 60.8%
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Malaysia Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 2,574.0 2,585.0 2,596.0 2,607.0 2,618.0 2,629.0 2,640.0 4.1%
Double Deck 2,574.0 2,585.0 2,596.0 2,607.0 2,618.0 2,629.0 2,640.0 4.7%
Total DECK TYPE 3,492.0 3,506.0 3,520.0 3,534.0 3,548.0 3,562.0 3,576.0 61.2%
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Malaysia Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 2,592.0 2,603.0 2,614.0 2,625.0 2,636.0 2,647.0 2,658.0 4.1%
Conventional 2,592.0 2,603.0 2,614.0 2,625.0 2,636.0 2,647.0 2,658.0 4.7%
Total DESIGNATION CONTROL 3,516.0 3,530.0 3,544.0 3,558.0 3,572.0 3,586.0 3,600.0 61.6%
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Malaysia Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 2,610.0 2,621.0 2,632.0 2,643.0 2,654.0 2,665.0 2,676.0 4.1%
Manual 2,610.0 2,621.0 2,632.0 2,643.0 2,654.0 2,665.0 2,676.0 4.7%
Total DOOR TYPE 3,540.0 3,554.0 3,568.0 3,582.0 3,596.0 3,610.0 3,624.0 62.0%
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Malaysia Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 2,628.0 2,639.0 2,650.0 2,661.0 2,672.0 2,683.0 2,694.0 4.1%
Commercial 2,628.0 2,639.0 2,650.0 2,661.0 2,672.0 2,683.0 2,694.0 4.7%
Industrial 2,628.0 2,639.0 2,650.0 2,661.0 2,672.0 2,683.0 2,694.0 5.3%
Total APPLICATION 3,564.0 3,578.0 3,592.0 3,606.0 3,620.0 3,634.0 3,648.0 62.4%
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Malaysia Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,646.0 2,657.0 2,668.0 2,679.0 2,690.0 2,701.0 2,712.0 4.1%
Mid Rise: 11-30 floors 2,646.0 2,657.0 2,668.0 2,679.0 2,690.0 2,701.0 2,712.0 4.7%
High Rise: above 30 floors 2,646.0 2,657.0 2,668.0 2,679.0 2,690.0 2,701.0 2,712.0 5.3%
Villa/home 2,646.0 2,657.0 2,668.0 2,679.0 2,690.0 2,701.0 2,712.0 5.9%
Total Residential 3,588.0 3,602.0 3,616.0 3,630.0 3,644.0 3,658.0 3,672.0 62.8%
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Malaysia Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 4.1%
Hotel & Hospitality 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 4.7%
Leisure and Education 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 5.3%
Marine & Port Facilities 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 5.9%
Medical & Healthcare 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 6.5%
Multiuse Buildings (Mixed-Use) 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 7.1%
Retail & Shopping Centers 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 7.7%
Public Transportation Hubs 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 8.3%
Office Buildings 2,664.0 2,675.0 2,686.0 2,697.0 2,708.0 2,719.0 2,730.0 8.9%
Total Commercial 3,612.0 3,626.0 3,640.0 3,654.0 3,668.0 3,682.0 3,696.0 63.2%
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Malaysia Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,682.0 2,693.0 2,704.0 2,715.0 2,726.0 2,737.0 2,748.0 4.1%
Mid Rise: 11-30 floors 2,682.0 2,693.0 2,704.0 2,715.0 2,726.0 2,737.0 2,748.0 4.7%
High Rise: above 30 floors 2,682.0 2,693.0 2,704.0 2,715.0 2,726.0 2,737.0 2,748.0 5.3%
Total Office Buildings 3,636.0 3,650.0 3,664.0 3,678.0 3,692.0 3,706.0 3,720.0 63.6%
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Rest of Asia-Pacific Elevator Market : TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Passenger Elevator 2,700.0 2,711.0 2,722.0 2,733.0 2,744.0 2,755.0 2,766.0 4.1%
Freight Elevator 2,700.0 2,711.0 2,722.0 2,733.0 2,744.0 2,755.0 2,766.0 4.7%
Other Types 2,700.0 2,711.0 2,722.0 2,733.0 2,744.0 2,755.0 2,766.0 5.3%
Total TYPE 3,660.0 3,674.0 3,688.0 3,702.0 3,716.0 3,730.0 3,744.0 64.0%
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Rest of Asia-Pacific Elevator Market : TECHNOLOGY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Traction 2,718.0 2,729.0 2,740.0 2,751.0 2,762.0 2,773.0 2,784.0 4.1%
Hydraulic 2,718.0 2,729.0 2,740.0 2,751.0 2,762.0 2,773.0 2,784.0 4.7%
Total TECHNOLOGY 3,684.0 3,698.0 3,712.0 3,726.0 3,740.0 3,754.0 3,768.0 64.4%
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Rest of Asia-Pacific Elevator Market, By TECHNOLOGY : Traction, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Machine Room [MR] Traction 2,736.0 2,747.0 2,758.0 2,769.0 2,780.0 2,791.0 2,802.0 4.1%
Machine Roomless [MRL] Traction 2,736.0 2,747.0 2,758.0 2,769.0 2,780.0 2,791.0 2,802.0 4.7%
Total Traction 3,708.0 3,722.0 3,736.0 3,750.0 3,764.0 3,778.0 3,792.0 64.8%
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Rest of Asia-Pacific Elevator Market : SERVICE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
New Installation 2,754.0 2,765.0 2,776.0 2,787.0 2,798.0 2,809.0 2,820.0 4.1%
Maintenance 2,754.0 2,765.0 2,776.0 2,787.0 2,798.0 2,809.0 2,820.0 4.7%
Modernization 2,754.0 2,765.0 2,776.0 2,787.0 2,798.0 2,809.0 2,820.0 5.3%
Total SERVICE 3,732.0 3,746.0 3,760.0 3,774.0 3,788.0 3,802.0 3,816.0 65.2%
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Rest of Asia-Pacific Elevator Market : CAPACITY, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1500 kg 2,772.0 2,783.0 2,794.0 2,805.0 2,816.0 2,827.0 2,838.0 4.1%
1500 to 2500 kg 2,772.0 2,783.0 2,794.0 2,805.0 2,816.0 2,827.0 2,838.0 4.7%
2501 to 4000 kg 2,772.0 2,783.0 2,794.0 2,805.0 2,816.0 2,827.0 2,838.0 5.3%
More than 4000 kg 2,772.0 2,783.0 2,794.0 2,805.0 2,816.0 2,827.0 2,838.0 5.9%
Total CAPACITY 3,756.0 3,770.0 3,784.0 3,798.0 3,812.0 3,826.0 3,840.0 65.6%
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Rest of Asia-Pacific Elevator Market : SPEED, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Less than 1 M/S 2,790.0 2,801.0 2,812.0 2,823.0 2,834.0 2,845.0 2,856.0 4.1%
Between 1 to 4 M/S 2,790.0 2,801.0 2,812.0 2,823.0 2,834.0 2,845.0 2,856.0 4.7%
More than 5 M/S 2,790.0 2,801.0 2,812.0 2,823.0 2,834.0 2,845.0 2,856.0 5.3%
Total SPEED 3,780.0 3,794.0 3,808.0 3,822.0 3,836.0 3,850.0 3,864.0 66.0%
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Rest of Asia-Pacific Elevator Market : DECK TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Single Deck 2,808.0 2,819.0 2,830.0 2,841.0 2,852.0 2,863.0 2,874.0 4.1%
Double Deck 2,808.0 2,819.0 2,830.0 2,841.0 2,852.0 2,863.0 2,874.0 4.7%
Total DECK TYPE 3,804.0 3,818.0 3,832.0 3,846.0 3,860.0 3,874.0 3,888.0 66.4%
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Rest of Asia-Pacific Elevator Market : DESIGNATION CONTROL, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Smart 2,826.0 2,837.0 2,848.0 2,859.0 2,870.0 2,881.0 2,892.0 4.1%
Conventional 2,826.0 2,837.0 2,848.0 2,859.0 2,870.0 2,881.0 2,892.0 4.7%
Total DESIGNATION CONTROL 3,828.0 3,842.0 3,856.0 3,870.0 3,884.0 3,898.0 3,912.0 66.8%
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Rest of Asia-Pacific Elevator Market : DOOR TYPE, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Automatic 2,844.0 2,855.0 2,866.0 2,877.0 2,888.0 2,899.0 2,910.0 4.1%
Manual 2,844.0 2,855.0 2,866.0 2,877.0 2,888.0 2,899.0 2,910.0 4.7%
Total DOOR TYPE 3,852.0 3,866.0 3,880.0 3,894.0 3,908.0 3,922.0 3,936.0 67.2%
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Rest of Asia-Pacific Elevator Market : APPLICATION, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Residential 2,862.0 2,873.0 2,884.0 2,895.0 2,906.0 2,917.0 2,928.0 4.1%
Commercial 2,862.0 2,873.0 2,884.0 2,895.0 2,906.0 2,917.0 2,928.0 4.7%
Industrial 2,862.0 2,873.0 2,884.0 2,895.0 2,906.0 2,917.0 2,928.0 5.3%
Total APPLICATION 3,876.0 3,890.0 3,904.0 3,918.0 3,932.0 3,946.0 3,960.0 67.6%
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Rest of Asia-Pacific Elevator Market, By APPLICATION : Residential, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,880.0 2,891.0 2,902.0 2,913.0 2,924.0 2,935.0 2,946.0 4.1%
Mid Rise: 11-30 floors 2,880.0 2,891.0 2,902.0 2,913.0 2,924.0 2,935.0 2,946.0 4.7%
High Rise: above 30 floors 2,880.0 2,891.0 2,902.0 2,913.0 2,924.0 2,935.0 2,946.0 5.3%
Villa/home 2,880.0 2,891.0 2,902.0 2,913.0 2,924.0 2,935.0 2,946.0 5.9%
Total Residential 3,900.0 3,914.0 3,928.0 3,942.0 3,956.0 3,970.0 3,984.0 68.0%
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Rest of Asia-Pacific Elevator Market, By APPLICATION : Commercial, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Airport 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 4.1%
Hotel & Hospitality 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 4.7%
Leisure and Education 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 5.3%
Marine & Port Facilities 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 5.9%
Medical & Healthcare 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 6.5%
Multiuse Buildings (Mixed-Use) 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 7.1%
Retail & Shopping Centers 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 7.7%
Public Transportation Hubs 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 8.3%
Office Buildings 2,898.0 2,909.0 2,920.0 2,931.0 2,942.0 2,953.0 2,964.0 8.9%
Total Commercial 3,924.0 3,938.0 3,952.0 3,966.0 3,980.0 3,994.0 4,008.0 68.4%
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Rest of Asia-Pacific Elevator Market, By APPLICATION, By Commercial : Office Buildings, 2024-2030 (Units)
Segment 2024 2025 2026 2027 2028 2029 2030 CAGR
Low Rise: 10 floors 2,916.0 2,927.0 2,938.0 2,949.0 2,960.0 2,971.0 2,982.0 4.1%
Mid Rise: 11-30 floors 2,916.0 2,927.0 2,938.0 2,949.0 2,960.0 2,971.0 2,982.0 4.7%
High Rise: above 30 floors 2,916.0 2,927.0 2,938.0 2,949.0 2,960.0 2,971.0 2,982.0 5.3%
Total Office Buildings 3,948.0 3,962.0 3,976.0 3,990.0 4,004.0 4,018.0 4,032.0 68.8%
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