South Korea Elevator Market Size Analysis

Name: South Korea Elevator Market Size Analysis | 2026 – 2035
Creator: Next Move Strategy Consulting
Published: 2026-02-06T19:00:00-05:00
License: https://www.nextmsc.com/privacy-policy

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South Korea Elevator Market Elevator Market By Type (Passenger, Freight, Others), By Technology (Traction, Hydraulic), By Service (New Installation, Maintenance, Modernization), By Capacity (Less than 1500 kg, 1500–2500 kg, 2501–4000 kg, More than 4000 kg), By Speed (Less than 1 m/s, 1–4 m/s, More than 5 m/s), By Deck Type (Single, Double), By Designation Control (Smart, Conventional), By Door Type (Automatic, Manual) – Opportunity Analysis and Industry Forecast 2025–2030

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Industry Outlook

The South Korea Elevator Market size was valued at USD 2.24 billion in 2024 and is expected to reach USD 2.47 billion by 2025. Looking ahead, the market is projected to reach USD 3.52 billion by 2030, registering a CAGR of 7.33% from 2025 to 2030. In terms of volume, the market recorded 17 thousand units in 2024, with forecasts indicating growth 20 thousand units by 2025 and further to 34 thousand units by 2030, reflecting a CAGR of 10.71% over the same period.

The market is growing steadily due to rapid urban development, modernization of infrastructure, and rising construction of high-rise residential, commercial, and mixed-use buildings. Strong domestic manufacturing led by Hyundai Elevator, supported by continuous innovation in smart and energy-efficient systems, strengthens the country’s market position. However, high installation and maintenance costs, along with compliance with strict safety regulations, pose challenges for smaller developers and older buildings requiring upgrades. Growing adoption of IoT-enabled, AI-driven, and sustainable elevator systems—supported by Smart City Korea initiatives and green-building standards—offers significant opportunities for future market expansion. The market remains competitive, with key players such as Hyundai Elevator, Otis, KONE, TK Elevator, and Schindler active in installation, modernization, and service operations.

Growing Urbanization and Infrastructure Modernization Drives the South Korea Elevator Market Demand

The South Korea elevator market in South Korea is witnessing strong growth, propelled by continuous urban redevelopment and modernization of infrastructure in key metropolitan regions like Seoul, Busan, and Incheon. Increasing construction of smart residential complexes, high-rise commercial buildings, and mixed-use developments has intensified the demand for advanced vertical mobility systems. Additionally, government initiatives promoting urban renewal, safety compliance, and accessibility upgrades have spurred the installation of next-generation elevators. The renovation of aging structures and transport hubs, combined with rising real estate investments, further supports market expansion as South Korea continues to enhance its modern urban landscape.

Strong Domestic Manufacturing Base Led by Global Giants Strengthens South Korea Elevator Market Growth

South Korea benefits from a robust local manufacturing ecosystem, with Hyundai Elevator holding a major share in domestic installations, modernization, and service solutions. The company’s continuous investments in smart elevator R&D, energy-efficient systems, and AI-driven control technologies contribute strongly to market expansion. Hyundai’s presence across residential high-rises, commercial complexes, and public infrastructure projects ensures stable domestic demand. Additionally, LG Electronics in Collaboration with Otis role in smart building solutions and component supply supports technology integration. With government-backed innovation programs and strong engineering capabilities, South Korea’s domestic players help ensure shorter lead times, competitive pricing, and customization tailored to Korean building standards and urban requirements.

High Installation and Maintenance Costs Restraints the South Korea Elevator Market Expansion

Despite technological progress, high installation and maintenance costs remain a key challenge in the South Korea Elevator Market. The incorporation of advanced safety systems, digital monitoring technologies, and compliance with strict national building and safety standards significantly increases the cost of elevator systems. For small-scale developers and building owners, these costs hinder the adoption of modernization and smart technologies. Additionally, the need for skilled maintenance professionals and the growing cost of parts and upgrades further add to operational expenses. These factors collectively restrain large-scale adoption, particularly in smaller cities and older buildings requiring upgrades.

Growing Demand for Smart and Sustainable Elevators Creates New Opportunities for Market Growth

The South Korea elevator market is experiencing robust opportunities driven by the nation’s strong focus on smart and sustainable infrastructure development. The growing adoption of IoT-enabled elevators, AI-driven maintenance systems, and energy-efficient technologies is fueling modernization across residential and commercial sectors. South Korea’s commitment to green building certifications and eco-friendly construction standards is accelerating the integration of regenerative drives, low-energy control systems, and recyclable materials. Furthermore, the government’s Smart City Korea initiative and widespread urban redevelopment projects are creating strong demand for connected elevators that enhance safety, optimize passenger traffic, and elevate user comfort. As developers and facility managers increasingly prioritize sustainability, efficiency, and innovation, the adoption of next-generation elevator systems is expected to expand rapidly, unlocking lucrative opportunities for manufacturers, technology providers, and service providers in the years ahead.

Competitive Landscape

The South Korea elevator market comprises various market players, such as Otis Worldwide Corporation, KONE Corporation, TK Elevator, Schindler Group, Fujitec Co., Ltd., Sigma Elevator, Mitsubishi Electric US, Inc., Hyundai Elevator, Toshiba Corporation, Delta Elevators, Schumacher Elevator Company, American Crescent Elevator Corp., Day Elevator and Lift, Inclinator Company of America, and Savaria Corporation. and others.

South Korea Elevator Market Segments

By Type

Passenger Elevator
Freight Elevator
Others

By Technology

Traction
- Machine Room (MR) Traction
- Machine Roomless (MRL) Traction
Hydraulic

By Service

New Installation
Maintenance
Modernization

By Capacity

Less than 1500 kg
1500 to 2500 kg
2501 to 4000 kg
More than 4000 kg

By Speed

Less than 1 m/s
Between 1 to 4 m/s
More than 5 m/s

By Deck Type

Single Deck
Double Deck

By Designation Control

Smart
Conventional

By Door Type

Automatic
Manual

By Application

Residential
- Low Rise: up to 10 floors
- Mid Rise: 11–30 floors
- High Rise: above 30 floors
- Villa/Home
Commercial
- Airport
- Hotel & Hospitality
- Leisure & Education
- Marine & Port Facilities
- Medical & Healthcare
- Multiuse Buildings (Mixed-Use)
- Retail & Shopping Centers
- Public Transportation Hubs
- Office Buildings
  - Low Rise: up to 10 floors
  - Mid Rise: 11–30 floors
  - High Rise: above 30 floors
Industrial

Key Market Players

Mitsubishi Electric Corporation
Saehan Elevators co. ltd.
Hitachi, Ltd.
Toshiba Elevator and Building Systems
Hyundai Elevator Co., Ltd.
Otis Worldwide Corporation
Fujitec Co., Ltd
TK Elevator
SILVER Elevator Korea Co., Ltd.
HM Elevator
Kumh Elevators Co. ltd.
Hanjin Elevators Co. ltd.
HM Elevators Inc.
YoungJin Elevator Co., Ltd.
Modeun Elevators Co. ltd.

Report Scope and Segmentation

Parameters	Details
Market Size in 2025	USD 2.47 billion
Revenue Forecast in 2030	USD 3.52 billion
Growth Rate	CAGR of 7.33% from 2025 to 2030
Market Volume in 2025	20 thousand units
Market Volume in Forecast in 2030	34 thousand units
Volume Growth Rate	CAGR of 10.71% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rapid Urbanization and Infrastructure Modernization Drives the Market Demand Strong Domestic Manufacturing Base Led by Global Giants Strengthens Market Growth
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

About the Author

Ridip Gogoi is a research associate recognized for his strong analytical thinking and meticulous attention to detail. He specializes in transforming complex datasets into meaningful insights that support informed business decisions and strategic planning. With a proactive mindset and strong commitment to accuracy, he contributes effectively to market analysis, data validation, and insight generation. Ridip is driven by continuous learning and consistently works to enhance research quality, analytical depth, and reporting clarity across projects.

About the Reviewer

Supradip Baul is an accomplished business consultant and strategist with over a decade of rich experience in market intelligence, strategy, technology, and business transformation. His work has included rigorous qualitative and quantitative analysis across multiple industries, helping clients shape investment decisions and long-term roadmaps. Earlier in his career, he was associated with Gartner, where he contributed to industry-leading reports and market share analyses. He has worked with leading global companies and holds an MBA with a dual specialization in Marketing and Finance.

1. 1.1 REPORT DESCRIPTION
2. 1.2 RESEARCH METHODOLOGY
3. 1. 1.2.1 SECONDARY RESEARCH
  2. 1.2.2 DATA ANALYSIS FRAMEWORK
  3. 1.2.3 MARKET SIZE ESTIMATION
  4. 1.2.4 FORECASTING
  5. 1.2.5 PRIMARY RESEARCH AND DATA VALIDATION

1. 2.1. MARKET SNAPSHOT, 2023 - 2030, MILLION USD

1. 3.1 BARGAINING POWER OF SUPPLIERS
2. 3.2 BARGAINING POWER OF BUYERS
3. 3.3 DEGREE OF COMPETITION
4. 3.4 THREAT OF SUBSTITUTE
5. 3.5 THREAT OF NEW ENTRANTS

1. 4.1 MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

1. 5.1 GROWTH DRIVERS
2. 1. 5.1.1 GROWING URBANIZATION AND INFRASTRUCTURE MODERNIZATION DRIVES THE SOUTH KOREA ELEVATOR MARKET DEMAND
  2. 5.1.2 STRONG DOMESTIC MANUFACTURING BASE LED BY GLOBAL GIANTS STRENGTHENS SOUTH KOREA ELEVATOR MARKET GROWTH
3. 5.2 CHALLENGES
4. 1. 5.2.1 HIGH INSTALLATION AND MAINTENANCE COSTS RESTRAINTS THE SOUTH KOREA ELEVATOR MARKET EXPANSION
5. 5.3 OPPORTUNITIES
6. 1. 5.3.1 GROWING DEMAND FOR SMART AND SUSTAINABLE ELEVATORS CREATES NEW OPPORTUNITIES FOR MARKET GROWTH

1. 6.1 OVERVIEW
2. 6.2 PASSENGER ELEVATOR MARKET
3. 6.3 FREIGHT ELEVATOR MARKET
4. 6.4 OTHERS MARKET

1. 7.1 OVERVIEW
2. 7.2 TRACTION MARKET
3. 1. 7.2.1 MACHINE ROOM (MR) TRACTION
  2. 7.2.2 MACHINE ROOMLESS (MRL) TRACTION
4. 7.3 HYDRAULIC MARKET

1. 8.1 OVERVIEW
2. 8.2 NEW INSTALLATION MARKET
3. 8.3 MAINTENANCE MARKET
4. 8.4 MODERNIZATION MARKET

1. 9.1 OVERVIEW
2. 9.2 LESS THAN 1500 KG MARKET
3. 9.3 1500 TO 2500 KG MARKET
4. 9.4 2501 TO 4000 KG MARKET
5. 9.5 MORE THAN 4000 KG MARKET

1. 10.1 OVERVIEW
2. 10.2 LESS THAN 1 M/S MARKET
3. 10.3 BETWEEN 1 TO 4 M/S MARKET
4. 10.4 MORE THAN 5 M/S MARKET

1. 11.1 OVERVIEW
2. 11.2 SINGLE DECK MARKET
3. 11.3 DOUBLE DECK MARKET

1. 12.1 OVERVIEW
2. 12.2 SMART MARKET
3. 12.3 CONVENTIONAL MARKET

1. 13.1 OVERVIEW
2. 13.2 AUTOMATIC MARKET
3. 13.3 MANUAL MARKET

1. 14.1 OVERVIEW
2. 14.2 RESIDENTIAL MARKET
3. 1. 14.2.1 LOW RISE: UP TO 10 FLOORS
  2. 14.2.2 MID RISE: 11–30 FLOORS
  3. 14.2.3 HIGH RISE: ABOVE 30 FLOORS
  4. 14.2.4 VILLA/HOME
4. 14.3 COMMERCIAL MARKET
5. 1. 14.3.1 AIRPORT
  2. 14.3.2 HOTEL AND HOSPITALITY
  3. 14.3.3 LEISURE AND EDUCATION
  4. 14.3.4 MARINE AND PORT FACILITIES
  5. 14.3.5 MEDICAL AND HEALTHCARE
  6. 14.3.6 MULTIUSE BUILDINGS (MIXED-USE)
  7. 14.3.7 RETAIL AND SHOPPING CENTERS
  8. 14.3.8 PUBLIC TRANSPORTATION HUBS
  9. 14.3.9 OFFICE BUILDINGS
  10. 1. 14.3.9.1 LOW RISE: UP TO 10 FLOORS
    2. 14.3.9.2 MID RISE: 11–30 FLOORS
    3. 14.3.9.3 HIGH RISE: ABOVE 30 FLOORS
6. 14.4 INDUSTRIAL MARKET

1. 15.1 MITSUBISHI ELECTRIC CORPORATION
2. 1. 15.1.1 COMPANY OVERVIEW
  2. 15.1.2 COMPANY SNAPSHOT
  3. 15.1.3 OPERATING BUSINESS SEGMENTS
  4. 15.1.4 PRODUCT PORTFOLIO
  5. 15.1.5 BUSINESS PERFORMANCE
  6. 15.1.6 BUSINESS SEGMENTS
  7. 15.1.7 GEOGRAPHIC SEGMENTS
  8. 15.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.1.9 PRIMARY MARKET COMPETITORS
3. 15.2 SAEHAN ELEVATORS CO. LTD.
4. 1. 15.2.1 COMPANY OVERVIEW
  2. 15.2.2 COMPANY SNAPSHOT
  3. 15.2.3 OPERATING BUSINESS SEGMENTS
  4. 15.2.4 PRODUCT PORTFOLIO
  5. 15.2.5 BUSINESS PERFORMANCE
  6. 15.2.6 BUSINESS SEGMENTS
  7. 15.2.7 GEOGRAPHIC SEGMENTS
  8. 15.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.2.9 PRIMARY MARKET COMPETITORS
5. 15.3 HITACHI, LTD.
6. 1. 15.3.1 COMPANY OVERVIEW
  2. 15.3.2 COMPANY SNAPSHOT
  3. 15.3.3 OPERATING BUSINESS SEGMENTS
  4. 15.3.4 PRODUCT PORTFOLIO
  5. 15.3.5 BUSINESS PERFORMANCE
  6. 15.3.6 BUSINESS SEGMENTS
  7. 15.3.7 GEOGRAPHIC SEGMENTS
  8. 15.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.3.9 PRIMARY MARKET COMPETITORS
7. 15.4 TOSHIBA ELEVATOR AND BUILDING SYSTEMS
8. 1. 15.4.1 COMPANY OVERVIEW
  2. 15.4.2 COMPANY SNAPSHOT
  3. 15.4.3 OPERATING BUSINESS SEGMENTS
  4. 15.4.4 PRODUCT PORTFOLIO
  5. 15.4.5 BUSINESS PERFORMANCE
  6. 15.4.6 BUSINESS SEGMENTS
  7. 15.4.7 GEOGRAPHIC SEGMENTS
  8. 15.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.4.9 PRIMARY MARKET COMPETITORS
9. 15.5 HYUNDAI ELEVATOR CO., LTD.
10. 1. 15.5.1 COMPANY OVERVIEW
  2. 15.5.2 COMPANY SNAPSHOT
  3. 15.5.3 OPERATING BUSINESS SEGMENTS
  4. 15.5.4 PRODUCT PORTFOLIO
  5. 15.5.5 BUSINESS PERFORMANCE
  6. 15.5.6 BUSINESS SEGMENTS
  7. 15.5.7 GEOGRAPHIC SEGMENTS
  8. 15.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.5.9 PRIMARY MARKET COMPETITORS
11. 15.6 OTIS WORLDWIDE CORPORATION
12. 1. 15.6.1 COMPANY OVERVIEW
  2. 15.6.2 COMPANY SNAPSHOT
  3. 15.6.3 OPERATING BUSINESS SEGMENTS
  4. 15.6.4 PRODUCT PORTFOLIO
  5. 15.6.5 BUSINESS PERFORMANCE
  6. 15.6.6 BUSINESS SEGMENTS
  7. 15.6.7 GEOGRAPHIC SEGMENTS
  8. 15.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.6.9 PRIMARY MARKET COMPETITORS
13. 15.7 FUJITEC CO., LTD
14. 1. 15.7.1 COMPANY OVERVIEW
  2. 15.7.2 COMPANY SNAPSHOT
  3. 15.7.3 OPERATING BUSINESS SEGMENTS
  4. 15.7.4 PRODUCT PORTFOLIO
  5. 15.7.5 BUSINESS PERFORMANCE
  6. 15.7.6 BUSINESS SEGMENTS
  7. 15.7.7 GEOGRAPHIC SEGMENTS
  8. 15.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.7.9 PRIMARY MARKET COMPETITORS
15. 15.8 TK ELEVATOR
16. 1. 15.8.1 COMPANY OVERVIEW
  2. 15.8.2 COMPANY SNAPSHOT
  3. 15.8.3 OPERATING BUSINESS SEGMENTS
  4. 15.8.4 PRODUCT PORTFOLIO
  5. 15.8.5 BUSINESS PERFORMANCE
  6. 15.8.6 BUSINESS SEGMENTS
  7. 15.8.7 GEOGRAPHIC SEGMENTS
  8. 15.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.8.9 PRIMARY MARKET COMPETITORS
17. 15.9 SILVER ELEVATOR KOREA CO., LTD.
18. 1. 15.9.1 COMPANY OVERVIEW
  2. 15.9.2 COMPANY SNAPSHOT
  3. 15.9.3 OPERATING BUSINESS SEGMENTS
  4. 15.9.4 PRODUCT PORTFOLIO
  5. 15.9.5 BUSINESS PERFORMANCE
  6. 15.9.6 BUSINESS SEGMENTS
  7. 15.9.7 GEOGRAPHIC SEGMENTS
  8. 15.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.9.9 PRIMARY MARKET COMPETITORS
19. 15.10 HM ELEVATOR
20. 1. 15.10.1 COMPANY OVERVIEW
  2. 15.10.2 COMPANY SNAPSHOT
  3. 15.10.3 OPERATING BUSINESS SEGMENTS
  4. 15.10.4 PRODUCT PORTFOLIO
  5. 15.10.5 BUSINESS PERFORMANCE
  6. 15.10.6 BUSINESS SEGMENTS
  7. 15.10.7 GEOGRAPHIC SEGMENTS
  8. 15.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.10.9 PRIMARY MARKET COMPETITORS
21. 15.11 KUMH ELEVATORS CO. LTD.
22. 1. 15.11.1 COMPANY OVERVIEW
  2. 15.11.2 COMPANY SNAPSHOT
  3. 15.11.3 OPERATING BUSINESS SEGMENTS
  4. 15.11.4 PRODUCT PORTFOLIO
  5. 15.11.5 BUSINESS PERFORMANCE
  6. 15.11.6 BUSINESS SEGMENTS
  7. 15.11.7 GEOGRAPHIC SEGMENTS
  8. 15.11.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.11.9 PRIMARY MARKET COMPETITORS
23. 15.12 HANJIN ELEVATORS CO. LTD.
24. 1. 15.12.1 COMPANY OVERVIEW
  2. 15.12.2 COMPANY SNAPSHOT
  3. 15.12.3 OPERATING BUSINESS SEGMENTS
  4. 15.12.4 PRODUCT PORTFOLIO
  5. 15.12.5 BUSINESS PERFORMANCE
  6. 15.12.6 BUSINESS SEGMENTS
  7. 15.12.7 GEOGRAPHIC SEGMENTS
  8. 15.12.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.12.9 PRIMARY MARKET COMPETITORS
25. 15.13 HM ELEVATORS INC.
26. 1. 15.13.1 COMPANY OVERVIEW
  2. 15.13.2 COMPANY SNAPSHOT
  3. 15.13.3 OPERATING BUSINESS SEGMENTS
  4. 15.13.4 PRODUCT PORTFOLIO
  5. 15.13.5 BUSINESS PERFORMANCE
  6. 15.13.6 BUSINESS SEGMENTS
  7. 15.13.7 GEOGRAPHIC SEGMENTS
  8. 15.13.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.13.9 PRIMARY MARKET COMPETITORS
27. 15.14 YOUNGJIN ELEVATOR CO., LTD.
28. 1. 15.14.1 COMPANY OVERVIEW
  2. 15.14.2 COMPANY SNAPSHOT
  3. 15.14.3 OPERATING BUSINESS SEGMENTS
  4. 15.14.4 PRODUCT PORTFOLIO
  5. 15.14.5 BUSINESS PERFORMANCE
  6. 15.14.6 BUSINESS SEGMENTS
  7. 15.14.7 GEOGRAPHIC SEGMENTS
  8. 15.14.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.14.9 PRIMARY MARKET COMPETITORS
29. 15.15 MODEUN ELEVATORS CO. LTD.
30. 1. 15.15.1 COMPANY OVERVIEW
  2. 15.15.2 COMPANY SNAPSHOT
  3. 15.15.3 OPERATING BUSINESS SEGMENTS
  4. 15.15.4 PRODUCT PORTFOLIO
  5. 15.15.5 BUSINESS PERFORMANCE
  6. 15.15.6 BUSINESS SEGMENTS
  7. 15.15.7 GEOGRAPHIC SEGMENTS
  8. 15.15.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.15.9 PRIMARY MARKET COMPETITORS

TABLE 1.SOUTH KOREA ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
TABLE 2.SOUTH KOREA ELEVATOR MARKET VOLUME, BY TYPE, 2024-2030, (THOUSAND UNITS)
TABLE 3.PASSENGER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 4.PASSENGER ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 5.FREIGHT ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 6.FREIGHT ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 7.OTHERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 8.OTHERS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 9.SOUTH KOREA ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
TABLE 10.SOUTH KOREA ELEVATOR MARKET VOLUME, BY TECHNOLOGY, 2024-2030, (THOUSAND UNITS)
TABLE 11.TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 12.TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 13.MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 14.MACHINE ROOM (MR) TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 15.MACHINE ROOMLESS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 16.MACHINE ROOMLESS (MRL) TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 17.HYDRAULIC, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 18.HYDRAULIC, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 19.SOUTH KOREA ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
TABLE 20.SOUTH KOREA ELEVATOR MARKET VOLUME, BY SERVICE, 2024-2030, (THOUSAND UNITS)
TABLE 21.NEW INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 22.NEW INSTALLATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 23.MAINTENANCE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 24.MAINTENANCE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 25.MODERNIZATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 26.MODERNIZATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 27.SOUTH KOREA ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
TABLE 28.SOUTH KOREA ELEVATOR MARKET VOLUME, BY CAPACITY, 2024-2030, (THOUSAND UNITS)
TABLE 29.LESS THAN 1500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 30.LESS THAN 1500 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 31.1500 TO 2500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 32.1500 TO 2500 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 33.2501 TO 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 34.2501 TO 4000 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 35.MORE THAN 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 36.MORE THAN 4000 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 37.SOUTH KOREA ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
TABLE 38.SOUTH KOREA ELEVATOR MARKET VOLUME, BY SPEED, 2024-2030, (THOUSAND UNITS)
TABLE 39.LESS THAN 1 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 40.LESS THAN 1 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 41.BETWEEN 1 TO 4 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 42.BETWEEN 1 TO 4 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 43.MORE THAN 5 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 44.MORE THAN 5 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 45.SOUTH KOREA ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
TABLE 46.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DECK TYPE, 2024-2030, (THOUSAND UNITS)
TABLE 47.SINGLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 48.SINGLE DECK, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 49.DOUBLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 50.DOUBLE DECK, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 51.SOUTH KOREA ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
TABLE 52.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DESIGNATION CONTROL, 2024-2030, (THOUSAND UNITS)
TABLE 53.SMART, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 54.SMART, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 55.CONVENTIONAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 56.CONVENTIONAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 57.SOUTH KOREA ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
TABLE 58.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DOOR TYPE, 2024-2030, (THOUSAND UNITS)
TABLE 59.AUTOMATIC, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 60.AUTOMATIC, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 61.MANUAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 62.MANUAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 63.SOUTH KOREA ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
TABLE 64.SOUTH KOREA ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (THOUSAND UNITS)
TABLE 65.RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 66.RESIDENTIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 67.LOW RISE: UP TO 10 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 68.LOW RISE: UP TO 10 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 69.MID RISE: 11–30 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 70.MID RISE: 11–30 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 71.HIGH RISE: ABOVE 30 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 72.HIGH RISE: ABOVE 30 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 73.VILLA/HOME, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 74.VILLA/HOME, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 75.COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 76.COMMERCIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 77.AIRPORT, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 78.AIRPORT, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 79.HOTEL AND HOSPITALITY, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 80.HOTEL AND HOSPITALITY, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 81.LEISURE AND EDUCATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 82.LEISURE AND EDUCATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 83.MARINE AND PORT FACILITIES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 84.MARINE AND PORT FACILITIES, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 85.MEDICAL AND HEALTHCARE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 86.MEDICAL AND HEALTHCARE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 87.MULTIUSE BUILDINGS (MIXED-USE), MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 88.MULTIUSE BUILDINGS (MIXED-USE), MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 89.RETAIL AND SHOPPING CENTERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 90.RETAIL AND SHOPPING CENTERS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 91.PUBLIC TRANSPORTATION HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 92.PUBLIC TRANSPORTATION HUBS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 93.OFFICE BUILDINGS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 94.OFFICE BUILDINGS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 95.INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 96.INDUSTRIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 97.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 98.MITSUBISHI ELECTRIC CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 99.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 100.MITSUBISHI ELECTRIC CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 101.MITSUBISHI ELECTRIC CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 102.MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGY
TABLE 103.SAEHAN ELEVATORS CO. LTD.: COMPANY SNAPSHOT
TABLE 104.SAEHAN ELEVATORS CO. LTD.: OPERATING BUSINESS SEGMENTS
TABLE 105.SAEHAN ELEVATORS CO. LTD.: PRODUCT PORTFOLIO
TABLE 106.SAEHAN ELEVATORS CO. LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 107.SAEHAN ELEVATORS CO. LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 108.SAEHAN ELEVATORS CO. LTD.: KEY STRATERGY
TABLE 109.HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 110.HITACHI, LTD.: OPERATING BUSINESS SEGMENTS
TABLE 111.HITACHI, LTD.: PRODUCT PORTFOLIO
TABLE 112.HITACHI, LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 113.HITACHI, LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 114.HITACHI, LTD.: KEY STRATERGY
TABLE 115.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: COMPANY SNAPSHOT
TABLE 116.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: OPERATING BUSINESS SEGMENTS
TABLE 117.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: PRODUCT PORTFOLIO
TABLE 118.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 119.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 120.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: KEY STRATERGY
TABLE 121.HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 122.HYUNDAI ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 123.HYUNDAI ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 124.HYUNDAI ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 125.HYUNDAI ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 126.HYUNDAI ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 127.OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT
TABLE 128.OTIS WORLDWIDE CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 129.OTIS WORLDWIDE CORPORATION: PRODUCT PORTFOLIO
TABLE 130.OTIS WORLDWIDE CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 131.OTIS WORLDWIDE CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 132.OTIS WORLDWIDE CORPORATION: KEY STRATERGY
TABLE 133.FUJITEC CO., LTD: COMPANY SNAPSHOT
TABLE 134.FUJITEC CO., LTD: OPERATING BUSINESS SEGMENTS
TABLE 135.FUJITEC CO., LTD: PRODUCT PORTFOLIO
TABLE 136.FUJITEC CO., LTD: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 137.FUJITEC CO., LTD: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 138.FUJITEC CO., LTD: KEY STRATERGY
TABLE 139.TK ELEVATOR: COMPANY SNAPSHOT
TABLE 140.TK ELEVATOR: OPERATING BUSINESS SEGMENTS
TABLE 141.TK ELEVATOR: PRODUCT PORTFOLIO
TABLE 142.TK ELEVATOR: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 143.TK ELEVATOR: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 144.TK ELEVATOR: KEY STRATERGY
TABLE 145.SILVER ELEVATOR KOREA CO., LTD.: COMPANY SNAPSHOT
TABLE 146.SILVER ELEVATOR KOREA CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 147.SILVER ELEVATOR KOREA CO., LTD.: PRODUCT PORTFOLIO
TABLE 148.SILVER ELEVATOR KOREA CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 149.SILVER ELEVATOR KOREA CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 150.SILVER ELEVATOR KOREA CO., LTD.: KEY STRATERGY
TABLE 151.HM ELEVATOR: COMPANY SNAPSHOT
TABLE 152.HM ELEVATOR: OPERATING BUSINESS SEGMENTS
TABLE 153.HM ELEVATOR: PRODUCT PORTFOLIO
TABLE 154.HM ELEVATOR: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 155.HM ELEVATOR: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 156.HM ELEVATOR: KEY STRATERGY
TABLE 157.KUMH ELEVATORS CO. LTD.: COMPANY SNAPSHOT
TABLE 158.KUMH ELEVATORS CO. LTD.: OPERATING BUSINESS SEGMENTS
TABLE 159.KUMH ELEVATORS CO. LTD.: PRODUCT PORTFOLIO
TABLE 160.KUMH ELEVATORS CO. LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 161.KUMH ELEVATORS CO. LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 162.KUMH ELEVATORS CO. LTD.: KEY STRATERGY
TABLE 163.HANJIN ELEVATORS CO. LTD.: COMPANY SNAPSHOT
TABLE 164.HANJIN ELEVATORS CO. LTD.: OPERATING BUSINESS SEGMENTS
TABLE 165.HANJIN ELEVATORS CO. LTD.: PRODUCT PORTFOLIO
TABLE 166.HANJIN ELEVATORS CO. LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 167.HANJIN ELEVATORS CO. LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 168.HANJIN ELEVATORS CO. LTD.: KEY STRATERGY
TABLE 169.HM ELEVATORS INC.: COMPANY SNAPSHOT
TABLE 170.HM ELEVATORS INC.: OPERATING BUSINESS SEGMENTS
TABLE 171.HM ELEVATORS INC.: PRODUCT PORTFOLIO
TABLE 172.HM ELEVATORS INC.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 173.HM ELEVATORS INC.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 174.HM ELEVATORS INC.: KEY STRATERGY
TABLE 175.YOUNGJIN ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 176.YOUNGJIN ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 177.YOUNGJIN ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 178.YOUNGJIN ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 179.YOUNGJIN ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 180.YOUNGJIN ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 181.MODEUN ELEVATORS CO. LTD.: COMPANY SNAPSHOT
TABLE 182.MODEUN ELEVATORS CO. LTD.: OPERATING BUSINESS SEGMENTS
TABLE 183.MODEUN ELEVATORS CO. LTD.: PRODUCT PORTFOLIO
TABLE 184.MODEUN ELEVATORS CO. LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 185.MODEUN ELEVATORS CO. LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 186.MODEUN ELEVATORS CO. LTD.: KEY STRATERGY

FIGURE 1.BARGAINING POWER OF SUPPLIERS
FIGURE 2.BARGAINING POWER OF BUYERS
FIGURE 3.DEGREE OF COMPETITION
FIGURE 4.THREAT OF SUBSTITUTE
FIGURE 5.THREAT OF NEW ENTRANTS
FIGURE 6.SOUTH KOREA ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
FIGURE 7.SOUTH KOREA ELEVATOR MARKET VOLUME, BY TYPE, 2024-2030, (THOUSAND UNITS)
FIGURE 8.PASSENGER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 9.PASSENGER ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 10.FREIGHT ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 11.FREIGHT ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 12.OTHERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 13.OTHERS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 14.SOUTH KOREA ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
FIGURE 15.SOUTH KOREA ELEVATOR MARKET VOLUME, BY TECHNOLOGY, 2024-2030, (THOUSAND UNITS)
FIGURE 16.TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 17.TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 18.MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 19.MACHINE ROOM (MR) TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 20.MACHINE ROOMLESS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 21.MACHINE ROOMLESS (MRL) TRACTION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 22.HYDRAULIC, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 23.HYDRAULIC, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 24.SOUTH KOREA ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
FIGURE 25.SOUTH KOREA ELEVATOR MARKET VOLUME, BY SERVICE, 2024-2030, (THOUSAND UNITS)
FIGURE 26.NEW INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 27.NEW INSTALLATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 28.MAINTENANCE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 29.MAINTENANCE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 30.MODERNIZATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 31.MODERNIZATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 32.SOUTH KOREA ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
FIGURE 33.SOUTH KOREA ELEVATOR MARKET VOLUME, BY CAPACITY, 2024-2030, (THOUSAND UNITS)
FIGURE 34.LESS THAN 1500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 35.LESS THAN 1500 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 36.1500 TO 2500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 37.1500 TO 2500 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 38.2501 TO 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 39.2501 TO 4000 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 40.MORE THAN 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 41.MORE THAN 4000 KG, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 42.SOUTH KOREA ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
FIGURE 43.SOUTH KOREA ELEVATOR MARKET VOLUME, BY SPEED, 2024-2030, (THOUSAND UNITS)
FIGURE 44.LESS THAN 1 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 45.LESS THAN 1 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 46.BETWEEN 1 TO 4 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 47.BETWEEN 1 TO 4 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 48.MORE THAN 5 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 49.MORE THAN 5 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 50.SOUTH KOREA ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
FIGURE 51.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DECK TYPE, 2024-2030, (THOUSAND UNITS)
FIGURE 52.SINGLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 53.SINGLE DECK, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 54.DOUBLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 55.DOUBLE DECK, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 56.SOUTH KOREA ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
FIGURE 57.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DESIGNATION CONTROL, 2024-2030, (THOUSAND UNITS)
FIGURE 58.SMART, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 59.SMART, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 60.CONVENTIONAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 61.CONVENTIONAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 62.SOUTH KOREA ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
FIGURE 63.SOUTH KOREA ELEVATOR MARKET VOLUME, BY DOOR TYPE, 2024-2030, (THOUSAND UNITS)
FIGURE 64.AUTOMATIC, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 65.AUTOMATIC, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 66.MANUAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 67.MANUAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 68.SOUTH KOREA ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
FIGURE 69.SOUTH KOREA ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (THOUSAND UNITS)
FIGURE 70.RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 71.RESIDENTIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 72.LOW RISE: UP TO 10 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 73.LOW RISE: UP TO 10 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 74.MID RISE: 11–30 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 75.MID RISE: 11–30 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 76.HIGH RISE: ABOVE 30 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 77.HIGH RISE: ABOVE 30 FLOORS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 78.VILLA/HOME, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 79.VILLA/HOME, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 80.COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 81.COMMERCIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 82.AIRPORT, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 83.AIRPORT, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 84.HOTEL AND HOSPITALITY, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 85.HOTEL AND HOSPITALITY, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 86.LEISURE AND EDUCATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 87.LEISURE AND EDUCATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 88.MARINE AND PORT FACILITIES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 89.MARINE AND PORT FACILITIES, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 90.MEDICAL AND HEALTHCARE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 91.MEDICAL AND HEALTHCARE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 92.MULTIUSE BUILDINGS (MIXED-USE), MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 93.MULTIUSE BUILDINGS (MIXED-USE), MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 94.RETAIL AND SHOPPING CENTERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 95.RETAIL AND SHOPPING CENTERS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 96.PUBLIC TRANSPORTATION HUBS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 97.PUBLIC TRANSPORTATION HUBS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 98.OFFICE BUILDINGS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 99.OFFICE BUILDINGS, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 100.INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 101.INDUSTRIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 102.MITSUBISHI ELECTRIC CORPORATION: NET SALES, (2022-2024)
FIGURE 103.MITSUBISHI ELECTRIC CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 104.SAEHAN ELEVATORS CO. LTD.: NET SALES, (2022-2024)
FIGURE 105.SAEHAN ELEVATORS CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 106.HITACHI, LTD.: NET SALES, (2022-2024)
FIGURE 107.HITACHI, LTD.: PRIMARY MARKET COMPETITORS
FIGURE 108.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: NET SALES, (2022-2024)
FIGURE 109.TOSHIBA ELEVATOR AND BUILDING SYSTEMS: PRIMARY MARKET COMPETITORS
FIGURE 110.HYUNDAI ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 111.HYUNDAI ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 112.OTIS WORLDWIDE CORPORATION: NET SALES, (2022-2024)
FIGURE 113.OTIS WORLDWIDE CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 114.FUJITEC CO., LTD: NET SALES, (2022-2024)
FIGURE 115.FUJITEC CO., LTD: PRIMARY MARKET COMPETITORS
FIGURE 116.TK ELEVATOR: NET SALES, (2022-2024)
FIGURE 117.TK ELEVATOR: PRIMARY MARKET COMPETITORS
FIGURE 118.SILVER ELEVATOR KOREA CO., LTD.: NET SALES, (2022-2024)
FIGURE 119.SILVER ELEVATOR KOREA CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 120.HM ELEVATOR: NET SALES, (2022-2024)
FIGURE 121.HM ELEVATOR: PRIMARY MARKET COMPETITORS
FIGURE 122.KUMH ELEVATORS CO. LTD.: NET SALES, (2022-2024)
FIGURE 123.KUMH ELEVATORS CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 124.HANJIN ELEVATORS CO. LTD.: NET SALES, (2022-2024)
FIGURE 125.HANJIN ELEVATORS CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 126.HM ELEVATORS INC.: NET SALES, (2022-2024)
FIGURE 127.HM ELEVATORS INC.: PRIMARY MARKET COMPETITORS
FIGURE 128.YOUNGJIN ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 129.YOUNGJIN ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 130.MODEUN ELEVATORS CO. LTD.: NET SALES, (2022-2024)
FIGURE 131.MODEUN ELEVATORS CO. LTD.: PRIMARY MARKET COMPETITORS

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Frequently Asked Questions

The South Korea elevator market is valued at USD 2.47 billion in 2025.

According to the NMSC, The South Korea elevator market is expected to reach USD 3.52 billion by 2030.

Traction elevators, hydraulic elevators, machine-room-less (MRL) elevators, and pneumatic elevators are the most commonly used types in the South Korea. market.

Elevators are extensively used in residential buildings, commercial complexes, industrial facilities, hospitals, and public infrastructure projects.

Smart elevators with IoT integration, AI-powered predictive maintenance, destination dispatch systems, and energy-efficient designs are driving modernization in the South Korea market.

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