U.S. Elevator Market Size & Share Analysis

Name: U.S. Elevator Market Size & Share Analysis | 2025 – 2030
Creator: Next Move Strategy Consulting
Published: 2026-05-03T20:00:00-04:00
License: https://www.nextmsc.com/privacy-policy

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U.S. 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 U.S. Elevator Market size was valued at USD 12.37 billion in 2024 and is expected to reach USD 13.33 billion by 2025. Looking ahead, the market is projected to expand steadily, reaching USD 16.83 billion by 2030, at a CAGR of 4.77% from 2025 to 2030. In terms of volume, the market recorded 48 thousand units in 2024, with forecasts indicating growth 55 thousand units by 2025 and further to 77 thousand units by 2030, reflecting a CAGR of 7.09% over the same period.

The elevator market in U.S. is driven by the presence of global giants such as Otis, KONE, Schindler, and Thyssenkrupp, which lead technological innovation with smart, energy-efficient, and IoT-enabled solutions. Rapid urbanization and the large stock of aging buildings fuel modernization projects, including control system upgrades, predictive maintenance integration, and energy-efficient retrofits, particularly in cities like New York, Chicago, and San Francisco. While high installation and maintenance costs constrain widespread adoption, rising demand for sustainable, connected, and intelligent elevators presents strong growth opportunities. The market benefits from regulatory compliance, green-building initiatives, and ongoing investment in advanced elevator technologies, ensuring long-term expansion.

Presence of Global Elevator Giants Shape Market Growth and Innovation

The U.S. elevator market is dominated by global leaders such as Otis, KONE, Schindler, and Thyssenkrupp, which maintain significant market share across installations, modernization, and service contracts. These companies drive technological adoption through solutions like machine-room-less designs, regenerative drives, smart destination-dispatch systems, and IoT-based predictive maintenance platforms. Their extensive service networks, compliance with US safety and accessibility standards, and focus on high-performance elevators in commercial, residential, and public infrastructure projects strengthen market reliability. The presence of these global giants encourages competitive innovation, higher quality standards, and ongoing investment in advanced elevator solutions, ensuring steady growth in the US market.

Modernization of Aging Infrastructure Drives U.S. Elevator Market Growth

The United States has a substantial number of older residential, commercial, and public buildings with elevators that are reaching the end of their operational life. Aging systems face frequent downtime, high maintenance costs, and often fail to comply with current safety, accessibility, and energy-efficiency standards. Property owners are investing in modernization projects that include upgrading control systems, replacing motors, improving cabin interiors, and integrating predictive maintenance technologies. Urban centers such as New York, Chicago, and San Francisco witness particularly strong retrofit demand, creating long-term opportunities for elevator manufacturers and service providers to extend system lifecycles and ensure regulatory compliance.

High Installation and Maintenance Costs Restraints the U.S. Elevator Market Expansion

One of the major restraints in the U.S. elevator market is the high cost associated with installation, modernization, and maintenance of elevator systems. The incorporation of advanced technologies, safety features, and compliance with strict regulatory standards significantly increase the overall project expenses. For many small and mid-sized builders, these costs pose a financial challenge, limiting the adoption of advanced elevator solutions. Additionally, ongoing maintenance, periodic inspections, and repair requirements add to operational expenses, making it difficult for older buildings to upgrade existing systems. The financial burden of meeting energy efficiency and accessibility norms further intensifies cost pressures, particularly in low-margin construction projects. Consequently, these high initial and recurring costs act as a deterrent for market expansion, especially in regions where modernization budgets and real estate investments are constrained.

Rising Demand for Smart and Sustainable Elevators Creates Lucrative Opportunities for Market Growth

The U.S. elevator market growth is poised for strong expansion as demand for smart and sustainable elevator technologies continues to rise across residential, commercial, and public infrastructure sectors. Increasing adoption of IoT-integrated, AI-enabled, and energy-efficient elevator systems is driving modernization and innovation in the market. The growing focus on green building certifications, eco-friendly construction practices, and energy conservation encourages the integration of regenerative drives, intelligent control systems, and recyclable materials. Additionally, the rapid development of smart cities and urban modernization initiatives across major U.S. metropolitan areas is accelerating the deployment of connected elevators that enhance safety, efficiency, and user experience. Supportive government policies promoting sustainable infrastructure and carbon reduction further boost market opportunities. As property developers and building owners emphasize long-term value, operational reliability, and environmental sustainability, the demand for next-generation elevator solutions is expected to surge, opening new avenues for manufacturers and technology providers.

Competitive Landscape

The U.S elevator industry 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.

U.S. 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: 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

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
Savaria Corporation

Report Scope and Segmentation

Parameters	Details
Market Size in 2025	USD 13.33 billion
Revenue Forecast in 2030	USD 16.83 billion
Growth Rate	CAGR of 4.77%from 2025 to 2030
Market Volume in 2025	55 thousand units
Market Volume in Forecast in 2030	77 thousand units
Volume Growth Rate	CAGR of 7.09% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Presence of Global Elevator Giants Shape Market Growth and Innovation Modernization of Aging Infrastructure Drives 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. 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. GLOBAL INDUSTRY LEADERS STRENGTHEN INNOVATION ECOSYSTEM
    2. 4.1.1.2. SMART TECHNOLOGIES DRIVE NEXT-GEN URBAN MOBILITY
  3. 4.1.2 RESTRAINT
  4. 1. 4.1.2.1. SKILLED LABOR SHORTAGE AND REGULATORY COMPLEXITY DELAY PROJECT TIMELINES
  5. 4.1.3 OPPORTUNITY
  6. 1. 4.1.3.1. GREEN BUILDING MANDATES UNLOCK NEW DEMAND FOR SUSTAINABLE ELEVATOR SOLUTIONS

1. 5.1. MARKET SHARE ANALYSIS OF TOP 10 U.S. 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 WORLDWIDE 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 KONE CORPORATION
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 FUJITEC CO., 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 SCHINDLER GROUP
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 SIGMA ELEVATOR
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 TK ELEVATOR
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 MITSUBISHI ELECTRIC US, INC.
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
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 TOSHIBA CORPORATION
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 DELTA ELEVATORS
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 SCHUMACHER ELEVATOR COMPANY
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 AMERICAN CRESCENT ELEVATOR CORP.
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 DAY ELEVATOR AND LIFT
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 INCLINATOR COMPANY OF AMERICA
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 SAVARIA CORPORATION
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. U.S. ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
TABLE 2. U.S. 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. OTHER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 8. OTHER ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 9. U.S. ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
TABLE 10. U.S. 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 ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 16. MACHINE ROOMLESSS (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. U.S. ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
TABLE 20. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
TABLE 28. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
TABLE 38. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
TABLE 46. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
TABLE 52. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
TABLE 58. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY OPERATION, 2024-2030, (MILLION USD)
TABLE 64. U.S. ELEVATOR MARKET VOLUME, BY OPERATION, 2024-2030, (THOUSAND UNITS)
TABLE 65. LOW-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 66. LOW-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 67. MID-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 68. MID-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 69. HIGH-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 70. HIGH-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 71. U.S. ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
TABLE 72. U.S. ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (THOUSAND UNITS)
TABLE 73. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 74. RESIDENTIAL, 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. INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 78. INDUSTRIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
TABLE 79. OTIS: COMPANY SNAPSHOT
TABLE 80. OTIS: OPERATING BUSINESS SEGMENTS
TABLE 81. OTIS: PRODUCT PORTFOLIO
TABLE 82. OTIS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 83. OTIS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 84. OTIS: KEY STRATERGY
TABLE 85. SCHINDLER HOLDING LTD.: COMPANY SNAPSHOT
TABLE 86. SCHINDLER HOLDING LTD.: OPERATING BUSINESS SEGMENTS
TABLE 87. SCHINDLER HOLDING LTD.: PRODUCT PORTFOLIO
TABLE 88. SCHINDLER HOLDING LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 89. SCHINDLER HOLDING LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 90. SCHINDLER HOLDING LTD.: KEY STRATERGY
TABLE 91. KONE OYJ: COMPANY SNAPSHOT
TABLE 92. KONE OYJ: OPERATING BUSINESS SEGMENTS
TABLE 93. KONE OYJ: PRODUCT PORTFOLIO
TABLE 94. KONE OYJ: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 95. KONE OYJ: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 96. KONE OYJ: KEY STRATERGY
TABLE 97. TK ELEVATOR: COMPANY SNAPSHOT
TABLE 98. TK ELEVATOR: OPERATING BUSINESS SEGMENTS
TABLE 99. TK ELEVATOR: PRODUCT PORTFOLIO
TABLE 100. TK ELEVATOR: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 101. TK ELEVATOR: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 102. TK ELEVATOR: KEY STRATERGY
TABLE 103. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 104. MITSUBISHI ELECTRIC CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 105. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 106. MITSUBISHI ELECTRIC CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 107. MITSUBISHI ELECTRIC CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 108. MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGY
TABLE 109. HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 110. HYUNDAI ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 111. HYUNDAI ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 112. HYUNDAI ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 113. HYUNDAI ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 114. HYUNDAI ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 115. FUJITEC CO., LTD.: COMPANY SNAPSHOT
TABLE 116. FUJITEC CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 117. FUJITEC CO., LTD.: PRODUCT PORTFOLIO
TABLE 118. FUJITEC CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 119. FUJITEC CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 120. FUJITEC CO., LTD.: KEY STRATERGY
TABLE 121. ACTION ELEVATOR COMPANY: COMPANY SNAPSHOT
TABLE 122. ACTION ELEVATOR COMPANY: OPERATING BUSINESS SEGMENTS
TABLE 123. ACTION ELEVATOR COMPANY: PRODUCT PORTFOLIO
TABLE 124. ACTION ELEVATOR COMPANY: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 125. ACTION ELEVATOR COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 126. ACTION ELEVATOR COMPANY: KEY STRATERGY
TABLE 127. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 128. TOSHIBA CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 129. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 130. TOSHIBA CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 131. TOSHIBA CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 132. TOSHIBA CORPORATION: KEY STRATERGY
TABLE 133. NIBAV LIFTS: COMPANY SNAPSHOT
TABLE 134. NIBAV LIFTS: OPERATING BUSINESS SEGMENTS
TABLE 135. NIBAV LIFTS: PRODUCT PORTFOLIO
TABLE 136. NIBAV LIFTS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 137. NIBAV LIFTS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 138. NIBAV LIFTS: KEY STRATERGY
TABLE 139. AVT BECKETT: COMPANY SNAPSHOT
TABLE 140. AVT BECKETT: OPERATING BUSINESS SEGMENTS
TABLE 141. AVT BECKETT: PRODUCT PORTFOLIO
TABLE 142. AVT BECKETT: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 143. AVT BECKETT: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 144. AVT BECKETT: KEY STRATERGY
TABLE 145. DELTA ELEVATOR CO LTD: COMPANY SNAPSHOT
TABLE 146. DELTA ELEVATOR CO LTD: OPERATING BUSINESS SEGMENTS
TABLE 147. DELTA ELEVATOR CO LTD: PRODUCT PORTFOLIO
TABLE 148. DELTA ELEVATOR CO LTD: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 149. DELTA ELEVATOR CO LTD: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 150. DELTA ELEVATOR CO LTD: KEY STRATERGY
TABLE 151. WURTEC: COMPANY SNAPSHOT
TABLE 152. WURTEC: OPERATING BUSINESS SEGMENTS
TABLE 153. WURTEC: PRODUCT PORTFOLIO
TABLE 154. WURTEC: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 155. WURTEC: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 156. WURTEC: KEY STRATERGY
TABLE 157. HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 158. HITACHI, LTD.: OPERATING BUSINESS SEGMENTS
TABLE 159. HITACHI, LTD.: PRODUCT PORTFOLIO
TABLE 160. HITACHI, LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 161. HITACHI, LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 162. HITACHI, LTD.: KEY STRATERGY
TABLE 163. BERKSHIRE PARTNERS LLC.: COMPANY SNAPSHOT
TABLE 164. BERKSHIRE PARTNERS LLC.: OPERATING BUSINESS SEGMENTS
TABLE 165. BERKSHIRE PARTNERS LLC.: PRODUCT PORTFOLIO
TABLE 166. BERKSHIRE PARTNERS LLC.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 167. BERKSHIRE PARTNERS LLC.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 168. BERKSHIRE PARTNERS LLC.: 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. U.S. ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
FIGURE 7. U.S. 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. OTHER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 13. OTHER ELEVATOR, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 14. U.S. ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
FIGURE 15. U.S. 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 ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 21. MACHINE ROOMLESSS (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. U.S. ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
FIGURE 25. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
FIGURE 33. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
FIGURE 43. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
FIGURE 51. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
FIGURE 57. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
FIGURE 63. U.S. 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. U.S. ELEVATOR MARKET VALUE, BY OPERATION, 2024-2030, (MILLION USD)
FIGURE 69. U.S. ELEVATOR MARKET VOLUME, BY OPERATION, 2024-2030, (THOUSAND UNITS)
FIGURE 70. LOW-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 71. LOW-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 72. MID-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 73. MID-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 74. HIGH-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 75. HIGH-RISE, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 76. U.S. ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
FIGURE 77. U.S. ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (THOUSAND UNITS)
FIGURE 78. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 79. RESIDENTIAL, 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. INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 83. INDUSTRIAL, MARKET VOLUME, 2024-2030, (THOUSAND UNITS)
FIGURE 84. OTIS: NET SALES, (2022-2024)
FIGURE 85. OTIS: PRIMARY MARKET COMPETITORS
FIGURE 86. SCHINDLER HOLDING LTD.: NET SALES, (2022-2024)
FIGURE 87. SCHINDLER HOLDING LTD.: PRIMARY MARKET COMPETITORS
FIGURE 88. KONE OYJ: NET SALES, (2022-2024)
FIGURE 89. KONE OYJ: PRIMARY MARKET COMPETITORS
FIGURE 90. TK ELEVATOR: NET SALES, (2022-2024)
FIGURE 91. TK ELEVATOR: PRIMARY MARKET COMPETITORS
FIGURE 92. MITSUBISHI ELECTRIC CORPORATION: NET SALES, (2022-2024)
FIGURE 93. MITSUBISHI ELECTRIC CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 94. HYUNDAI ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 95. HYUNDAI ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 96. FUJITEC CO., LTD.: NET SALES, (2022-2024)
FIGURE 97. FUJITEC CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 98. ACTION ELEVATOR COMPANY: NET SALES, (2022-2024)
FIGURE 99. ACTION ELEVATOR COMPANY: PRIMARY MARKET COMPETITORS
FIGURE 100. TOSHIBA CORPORATION: NET SALES, (2022-2024)
FIGURE 101. TOSHIBA CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 102. NIBAV LIFTS: NET SALES, (2022-2024)
FIGURE 103. NIBAV LIFTS: PRIMARY MARKET COMPETITORS
FIGURE 104. AVT BECKETT: NET SALES, (2022-2024)
FIGURE 105. AVT BECKETT: PRIMARY MARKET COMPETITORS
FIGURE 106. DELTA ELEVATOR CO LTD: NET SALES, (2022-2024)
FIGURE 107. DELTA ELEVATOR CO LTD: PRIMARY MARKET COMPETITORS
FIGURE 108. WURTEC: NET SALES, (2022-2024)
FIGURE 109. WURTEC: PRIMARY MARKET COMPETITORS
FIGURE 110. HITACHI, LTD.: NET SALES, (2022-2024)
FIGURE 111. HITACHI, LTD.: PRIMARY MARKET COMPETITORS
FIGURE 112. BERKSHIRE PARTNERS LLC.: NET SALES, (2022-2024)
FIGURE 113. BERKSHIRE PARTNERS LLC.: 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

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 U.S. elevator market is valued at USD 13.33 billion in 2025.

According to the NMSC, the U.S. elevator market is expected to reach USD 16.83 billion by 2030.

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

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