Taiwan Elevator Market Size and Statistics

Name: Taiwan Elevator Market Size and Statistics - 2030
Creator: Supradip Baul
Published: Aug 2025

Taiwan Elevator Market by Type (Passenger elevator, Freight elevator, and Others), by Technology (Traction, and Hydraulic), by Service (New Installation, Maintenance, and Modernization), by Capacity (Less than 1500 kg, 1500 to 2500 kg, 2501 to 4000 kg, and Others), by Speed (Less than 1 M/S, Between 1 to 4 M/S, and More than 5 M/S), by Deck type (Single Deck, and Double Deck) by Application (Residential, Commercial, and Industrial) – Global Opportunity Analysis and Industry Forecast, 2024 –2030

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Market Definition

Taiwan Elevator Market size was valued at USD 652.66 million in 2023, and is predicted to reach USD 1230.23 million by 2030, at a CAGR of 8.4 % from 2024 to 2030. The elevator market represents a dynamic sector encompassing the design, manufacturing, installation, and maintenance of elevator systems. From conventional traction elevators to cutting-edge smart solutions, this market offers a diverse array of vertical transportation choices customized to suit the distinct requirements of various buildings and infrastructure projects. Stakeholders within the elevator market include manufacturers, suppliers, contractors, architects, building owners, and facility managers.

Manufacturers continuously innovate to enhance elevator performance, safety, and sustainability, while suppliers provide critical components and materials necessary for system construction. Additionally, sustainability considerations, including energy efficiency and material recyclability, are increasingly integral to elevator design and operation. They align with broader environmental objectives and sustainable building practices. Thus, the elevator market is a cornerstone of vertical mobility as elevators enhance functionality, accessibility, and sustainability within buildings and urban landscapes worldwide.

Rapid Urbanization Sparks Urgent Need for Vertical Transportation

Taiwan’s ongoing urbanization is reshaping the structural and functional layout of its major cities. Metropolitan centers such as Taipei, Taichung, and Kaohsiung continue to grow vertically due to space constraints and the need to accommodate increasing population densities. As a result, multi-story residential buildings, commercial towers, and transportation hubs have become more prevalent. Elevators play a critical role in enabling mobility within these high-rise environments, making them essential infrastructure rather than mere convenience. Furthermore, the push for smart urban development has led to the integration of intelligent building systems, where elevators equipped with sensors, energy-efficient drives, and connectivity features are vital components. The urban landscape is no longer just expanding outward but upward—positioning elevator systems as indispensable to sustainable city planning and future-ready infrastructure.

Booming Construction & Infrastructure Development Drives Installation and Modernization

Taiwan’s construction industry is undergoing a transformation, propelled by strong demand for new housing, commercial development, and public infrastructure renewal. Government-driven urban regeneration initiatives and transportation network expansions are adding momentum to the market, particularly in metropolitan and suburban regions. As new projects break ground—ranging from modern apartment blocks to integrated transportation corridors—the demand for efficient and safe vertical mobility solutions intensifies. In addition, many existing buildings, especially those built decades ago, are undergoing elevator modernization to meet updated safety standards, improve energy efficiency, and ensure accessibility for aging populations. This dual-track demand—new installations and system retrofitting—is sustaining long-term growth for elevator manufacturers, service providers, and component suppliers alike. The integration of elevators in both legacy structures and smart developments signals a market shift toward higher sophistication, reliability, and user-centric design.

Aging Building Stock and Structural Limitations Challenge Retrofit Expansion

One of the major restraints in Taiwan’s elevator market is the structural difficulty and regulatory complexity associated with retrofitting elevators in older buildings. A significant portion of Taiwan’s urban housing stock was constructed decades ago, often without provisions for elevator shafts or the spatial allowances necessary for vertical transport systems. Many mid-rise residential buildings, particularly in densely packed urban neighborhoods, were built under outdated codes that did not prioritize accessibility or vertical mobility. Retrofitting elevators into such structures requires substantial civil modification, which may involve altering core structural elements, securing permissions from multiple unit owners, and navigating local zoning regulations. These challenges are compounded by the financial burden of retrofit projects, which often lack government subsidies or incentives. As a result, despite rising demand for accessibility among aging residents and families with mobility needs, the technical and legal barriers to retrofitting continue to limit broader adoption and modernization in this segment of the market.

Green Building Regulations and Energy-efficient Solutions Drive Eco-friendly Elevator Demand

The rising focus on environmental sustainability and green building standards in Taiwan is creating a major opportunity for elevator manufacturers and service providers to develop and deliver energy-efficient vertical mobility solutions. As both government policy and private sector initiatives increasingly prioritize carbon reduction and sustainable urban planning, buildings are being designed—or retrofitted—with technologies that support energy conservation. Elevators equipped with regenerative drives, LED lighting, standby modes, and eco-mode algorithms are becoming highly sought after. These systems not only consume less energy but also support LEED and EEWH (Taiwan's Green Building Certification) compliance, making them attractive to developers aiming for environmental accreditation. Moreover, public sector procurement and large-scale infrastructure projects are now incorporating sustainability scoring in tender evaluations, positioning eco-efficient elevator systems as a strategic advantage. This green transition opens the door for innovative elevator designs that align with climate goals, offering companies a pathway to capture value in Taiwan’s evolving construction and infrastructure landscape.

Competitive Landscape

The Taiwan elevator market comprises various market players, such as Otis Elevator Company (Taiwan) Limited, KONE Elevator Taiwan Co., Ltd., GFC, TK Elevator Taiwan, Taiwan Mitsubishi Elevator Co. Ltd., Hitachi Yungtay Elevator Co. Ltd., Fujitec (Taiwan) Co. Ltd., Hyundai Elevator (Taiwan) Co. Ltd., Toshiba Elevator & Building Systems (Taiwan), Nagaoka Mechanical Co. Ltd., Masada Intelligent Elevator, Sakura Elevator Co. Ltd., CHIHER, Manapang San International Co., Ltd (Yusaki Elevator), Sanyo Elevator Co., Ltd. (Taiwan), amd others.

Taiwan Elevator Market Key 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: 10 floors
- Mid Rise: 11-30 floors
- High Rise: above 30 floors
- Villa/home

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

Industrial

Key Players

Otis Elevator Company (Taiwan) Limited
KONE Elevator Taiwan Co., Ltd.
GFC
TK Elevator Taiwan
Taiwan Mitsubishi Elevator Co., Ltd.
Hitachi Yungtay Elevator Co., Ltd.
Fujitec (Taiwan) Co., Ltd.
Hyundai Elevator (Taiwan) Co., Ltd.
Toshiba Elevator & Building Systems (Taiwan)
Nagaoka Mechanical Co., Ltd.
Masada Intelligent Elevator
Sakura Elevator Co., Ltd.
CHIHER
Manapang San International Co., Ltd (Yusaki Elevator)
Sanyo Elevator Co., Ltd. (Taiwan)

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 652.66 Million
Revenue Forecast in 2030	USD 1230.23 Million
Growth Rate	CAGR of 8.4% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Million (USD)
Growth Factors	Rapid Urbanization Sparks Urgent Need for Vertical Transportation Booming Construction & Infrastructure Development Drives Installation and Modernization
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent 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.

1. 1.1. REPORT DESCRIPTION
2. 1.2. WHO SHOULD READ THIS REPORT
3. 1.3. KEY MARKET SEGMENTS
4. 1.4. RESEARCH METHODOLOGY
5. 1. 1.4.1 MARKET SIZE ESTIMATION METHODOLOGY
  2. 1. 1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH
    2. 1.4.1.2. DEMAND AND SUPPLY-SIDE ANALYSIS
    3. 1.4.1.3. MACRO-INDICATOR APPROACH
  3. 1.4.2 DATA COLLECTION APPROACH
  4. 1. 1.4.2.1. PRIMARY DATA COLLECTION
    2. 1.4.2.2. SECONDARY DATA COLLECTION
  5. 1.4.3 SECONDARY DATA SOURCES
  6. 1.4.4 FORECASTING

1. 2.1. DEFINITION
2. 2.2. SCOPE

1. 3.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

1. 4.1. MARKET DYNAMICS
2. 1. 4.1.1 DRIVERS
  2. 1. 4.1.1.1. RAPID URBANIZATION SPARKS URGENT NEED FOR VERTICAL TRANSPORTATION
    2. 4.1.1.2. BOOMING CONSTRUCTION & INFRASTRUCTURE DEVELOPMENT DRIVES INSTALLATION AND MODERNIZATION
  3. 4.1.2 RESTRAINT
  4. 1. 4.1.2.1. AGING BUILDING STOCK AND STRUCTURAL LIMITATIONS CHALLENGE RETROFIT EXPANSION
  5. 4.1.3 OPPORTUNITY
  6. 1. 4.1.3.1. GREEN BUILDING REGULATIONS AND ENERGY-EFFICIENT SOLUTIONS DRIVE ECO-FRIENDLY ELEVATOR DEMAND

1. 5.1. MARKET SHARE ANALYSIS OF TOP 10 TAIWAN ELEVATOR PROVIDERS, 2024

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 TO 6 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 10 FLOORS
  2. 14.2.2 MID RISE 11-30 FLOORS
  3. 14.2.3 HIGH RISE ABOVE 30 FLOORS
  4. 14.2.4 AFFORDABLE HOUSING
  5. 14.2.5 VILLA/HOME
4. 14.3 COMMERCIAL MARKET
5. 1. 14.3.1 AIRPORT
  2. 14.3.2 HOTEL
  3. 14.3.3 MARINE
  4. 14.3.4 MEDICAL
  5. 14.3.5 OFFICE
  6. 14.3.6 LEISURE AND EDUCATION
  7. 14.3.7 RETAIL
  8. 14.3.8 PUBLIC TRANSPORTATION
6. 14.4 INDUSTRIAL MARKET

1. 15.1 OTIS ELEVATOR COMPANY (TAIWAN) LIMITED
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 KONE ELEVATOR TAIWAN 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 GFC
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 TK ELEVATOR TAIWAN
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 TAIWAN MITSUBISHI 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 HITACHI YUNGTAY ELEVATOR CO., LTD.
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 (TAIWAN) 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 HYUNDAI ELEVATOR (TAIWAN) CO., LTD.
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

1. 15.9 TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN)
2. 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
3. 15.10 NAGAOKA MECHANICAL CO., LTD.
4. 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
5. 15.11 MASADA INTELLIGENT ELEVATOR
6. 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
7. 15.12 SAKURA ELEVATOR CO., LTD.
8. 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
9. 15.13 CHIHER
10. 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
11. 15.14 MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR)
12. 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
13. 15.15 SANYO ELEVATOR CO., LTD.(TAIWAN)
14. 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. TAIWAN ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
TABLE 2. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
TABLE 10. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
TABLE 20. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
TABLE 28. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
TABLE 38. TAIWAN 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 TO 6 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 44. MORE THAN 5 TO 6 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 45. TAIWAN ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
TABLE 46. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
TABLE 52. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
TABLE 58. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY END-USER, 2024-2030, (MILLION USD)
TABLE 64. TAIWAN ELEVATOR MARKET VOLUME, BY END-USER, 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 10 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 68. LOW RISE 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. AFFORDABLE HOUSING, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 74. AFFORDABLE HOUSING, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 75. VILLA/HOME, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 76. VILLA/HOME, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 77. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 78. COMMERCIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 79. AIRPORT, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 80. AIRPORT, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 81. HOTEL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 82. HOTEL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 83. MARINE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 84. MARINE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 85. MEDICAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 86. MEDICAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 87. OFFICE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 88. OFFICE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 89. LEISURE AND EDUCATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 90. LEISURE AND EDUCATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 91. RETAIL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 92. RETAIL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 93. PUBLIC TRANSPORTATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 94. PUBLIC TRANSPORTATION, 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. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: COMPANY SNAPSHOT
TABLE 98. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: OPERATING BUSINESS SEGMENTS
TABLE 99. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: PRODUCT PORTFOLIO
TABLE 100. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 101. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 102. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: KEY STRATERGY
TABLE 103. KONE ELEVATOR TAIWAN CO., LTD.: COMPANY SNAPSHOT
TABLE 104. KONE ELEVATOR TAIWAN CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 105. KONE ELEVATOR TAIWAN CO., LTD.: PRODUCT PORTFOLIO
TABLE 106. KONE ELEVATOR TAIWAN CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 107. KONE ELEVATOR TAIWAN CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 108. KONE ELEVATOR TAIWAN CO., LTD.: KEY STRATERGY
TABLE 109. GFC: COMPANY SNAPSHOT
TABLE 110. GFC: OPERATING BUSINESS SEGMENTS
TABLE 111. GFC: PRODUCT PORTFOLIO
TABLE 112. GFC: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 113. GFC: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 114. GFC: KEY STRATERGY
TABLE 115. TK ELEVATOR TAIWAN: COMPANY SNAPSHOT
TABLE 116. TK ELEVATOR TAIWAN: OPERATING BUSINESS SEGMENTS
TABLE 117. TK ELEVATOR TAIWAN: PRODUCT PORTFOLIO
TABLE 118. TK ELEVATOR TAIWAN: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 119. TK ELEVATOR TAIWAN: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 120. TK ELEVATOR TAIWAN: KEY STRATERGY
TABLE 121. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 122. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 123. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 124. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 125. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 126. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 127. HITACHI YUNGTAY ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 128. HITACHI YUNGTAY ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 129. HITACHI YUNGTAY ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 130. HITACHI YUNGTAY ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 131. HITACHI YUNGTAY ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 132. HITACHI YUNGTAY ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 133. FUJITEC (TAIWAN) CO., LTD.: COMPANY SNAPSHOT
TABLE 134. FUJITEC (TAIWAN) CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 135. FUJITEC (TAIWAN) CO., LTD.: PRODUCT PORTFOLIO
TABLE 136. FUJITEC (TAIWAN) CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 137. FUJITEC (TAIWAN) CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 138. FUJITEC (TAIWAN) CO., LTD.: KEY STRATERGY
TABLE 139. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: COMPANY SNAPSHOT
TABLE 140. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 141. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: PRODUCT PORTFOLIO
TABLE 142. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 143. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 144. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: KEY STRATERGY
TABLE 145. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): COMPANY SNAPSHOT
TABLE 146. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): OPERATING BUSINESS SEGMENTS
TABLE 147. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): PRODUCT PORTFOLIO
TABLE 148. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 149. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 150. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): KEY STRATERGY
TABLE 151. NAGAOKA MECHANICAL CO., LTD.: COMPANY SNAPSHOT
TABLE 152. NAGAOKA MECHANICAL CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 153. NAGAOKA MECHANICAL CO., LTD.: PRODUCT PORTFOLIO
TABLE 154. NAGAOKA MECHANICAL CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 155. NAGAOKA MECHANICAL CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 156. NAGAOKA MECHANICAL CO., LTD.: KEY STRATERGY
TABLE 157. MASADA INTELLIGENT ELEVATOR: COMPANY SNAPSHOT
TABLE 158. MASADA INTELLIGENT ELEVATOR: OPERATING BUSINESS SEGMENTS
TABLE 159. MASADA INTELLIGENT ELEVATOR: PRODUCT PORTFOLIO
TABLE 160. MASADA INTELLIGENT ELEVATOR: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 161. MASADA INTELLIGENT ELEVATOR: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 162. MASADA INTELLIGENT ELEVATOR: KEY STRATERGY
TABLE 163. SAKURA ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 164. SAKURA ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 165. SAKURA ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 166. SAKURA ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 167. SAKURA ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 168. SAKURA ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 169. CHIHER: COMPANY SNAPSHOT
TABLE 170. CHIHER: OPERATING BUSINESS SEGMENTS
TABLE 171. CHIHER: PRODUCT PORTFOLIO
TABLE 172. CHIHER: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 173. CHIHER: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 174. CHIHER: KEY STRATERGY
TABLE 175. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): COMPANY SNAPSHOT
TABLE 176. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): OPERATING BUSINESS SEGMENTS
TABLE 177. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): PRODUCT PORTFOLIO
TABLE 178. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 179. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 180. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): KEY STRATERGY
TABLE 181. SANYO ELEVATOR CO., LTD.(TAIWAN): COMPANY SNAPSHOT
TABLE 182. SANYO ELEVATOR CO., LTD.(TAIWAN): OPERATING BUSINESS SEGMENTS
TABLE 183. SANYO ELEVATOR CO., LTD.(TAIWAN): PRODUCT PORTFOLIO
TABLE 184. SANYO ELEVATOR CO., LTD.(TAIWAN): SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 185. SANYO ELEVATOR CO., LTD.(TAIWAN): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 186. SANYO ELEVATOR CO., LTD.(TAIWAN): 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. TAIWAN ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
FIGURE 7. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
FIGURE 15. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
FIGURE 25. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
FIGURE 33. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
FIGURE 43. TAIWAN 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 TO 6 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 49. MORE THAN 5 TO 6 M/S, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 50. TAIWAN ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
FIGURE 51. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
FIGURE 57. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
FIGURE 63. TAIWAN 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. TAIWAN ELEVATOR MARKET VALUE, BY END-USER, 2024-2030, (MILLION USD)
FIGURE 69. TAIWAN ELEVATOR MARKET VOLUME, BY END-USER, 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 10 FLOORS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 73. LOW RISE 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. AFFORDABLE HOUSING, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 79. AFFORDABLE HOUSING, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 80. VILLA/HOME, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 81. VILLA/HOME, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 82. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 83. COMMERCIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 84. AIRPORT, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 85. AIRPORT, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 86. HOTEL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 87. HOTEL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 88. MARINE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 89. MARINE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 90. MEDICAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 91. MEDICAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 92. OFFICE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 93. OFFICE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 94. LEISURE AND EDUCATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 95. LEISURE AND EDUCATION, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 96. RETAIL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 97. RETAIL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 98. PUBLIC TRANSPORTATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 99. PUBLIC TRANSPORTATION, 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. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: NET SALES, (2022-2024)
FIGURE 103. OTIS ELEVATOR COMPANY (TAIWAN) LIMITED: PRIMARY MARKET COMPETITORS
FIGURE 104. KONE ELEVATOR TAIWAN CO., LTD.: NET SALES, (2022-2024)
FIGURE 105. KONE ELEVATOR TAIWAN CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 106. GFC: NET SALES, (2022-2024)
FIGURE 107. GFC: PRIMARY MARKET COMPETITORS
FIGURE 108. TK ELEVATOR TAIWAN: NET SALES, (2022-2024)
FIGURE 109. TK ELEVATOR TAIWAN: PRIMARY MARKET COMPETITORS
FIGURE 110. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 111. TAIWAN MITSUBISHI ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 112. HITACHI YUNGTAY ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 113. HITACHI YUNGTAY ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 114. FUJITEC (TAIWAN) CO., LTD.: NET SALES, (2022-2024)
FIGURE 115. FUJITEC (TAIWAN) CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 116. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: NET SALES, (2022-2024)
FIGURE 117. HYUNDAI ELEVATOR (TAIWAN) CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 118. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): NET SALES, (2022-2024)
FIGURE 119. TOSHIBA ELEVATOR & BUILDING SYSTEMS (TAIWAN): PRIMARY MARKET COMPETITORS
FIGURE 120. NAGAOKA MECHANICAL CO., LTD.: NET SALES, (2022-2024)
FIGURE 121. NAGAOKA MECHANICAL CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 122. MASADA INTELLIGENT ELEVATOR: NET SALES, (2022-2024)
FIGURE 123. MASADA INTELLIGENT ELEVATOR: PRIMARY MARKET COMPETITORS
FIGURE 124. SAKURA ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 125. SAKURA ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 126. CHIHER: NET SALES, (2022-2024)
FIGURE 127. CHIHER: PRIMARY MARKET COMPETITORS
FIGURE 128. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): NET SALES, (2022-2024)
FIGURE 129. MANAPANG SAN INTERNATIONAL CO., LTD (YUSAKI ELEVATOR): PRIMARY MARKET COMPETITORS
FIGURE 130. SANYO ELEVATOR CO., LTD.(TAIWAN): NET SALES, (2022-2024)
FIGURE 131. SANYO ELEVATOR CO., LTD.(TAIWAN): PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key market players operating in the Taiwan elevator market are Otis Elevator Company (Taiwan) Limited, KONE Elevator Taiwan Co., Ltd., GFC, TK Elevator Taiwan, Taiwan Mitsubishi Elevator Co., Ltd., Hitachi Yungtay Elevator Co., Ltd., Fujitec (Taiwan) Co., Ltd., Hyundai Elevator (Taiwan) Co., Ltd., Toshiba Elevator & Building Systems (Taiwan), Nagaoka Mechanical Co., Ltd., Masada Intelligent Elevator, Sakura Elevator Co., Ltd., CHIHER, Manapang San International Co., Ltd (Yusaki Elevator), Sanyo Elevator Co., Ltd. (Taiwan) and others.

According to the Next Move Strategy Consulting, the size of the Taiwan elevator market is estimated to be at USD 1230.23 million in 2030.

The elevator industry faces a range of challenges, including high costs, technological integration, safety standards, environmental concerns, and maintenance downtimes.

According to the Next Move Strategy Consulting, the size of the Taiwan elevator market is estimated at USD 652.66 million in 2023.

Incorporating AI-driven predictive maintenance into elevators transforms procedures by forecasting maintenance requirements ahead of time through the analysis of sensor data.

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About the Author

Jayanta Das is an industry analyst and writer with a keen focus on emerging technologies and sustainable business practices. With a background in engineering and market research, he brings analytical depth to topics like renewable energy, green manufacturing, and industrial transformation. Jayanta is passionate about translating complex data into actionable insights for businesses navigating the shift toward eco-conscious operations.

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Supradip Baul is the CEO and Founder of Next Move Strategy Consulting, driving the firm’s mission to provide data-driven insights and strategic intelligence. With extensive experience in market research and consulting, he has helped global organizations make informed decisions and achieve sustainable growth.

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