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Global Elevator Component Market Research Report 2025
Published Date: March 2025
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Report Code: QYRE-Auto-20C4815
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Global Elevator Component Market Insights Forecast to 2028
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Global Elevator Component Market Research Report 2025

Code: QYRE-Auto-20C4815
Report
March 2025
Pages:121
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Elevator Component Market Size

The global market for Elevator Component was valued at US$ 3621 million in the year 2024 and is projected to reach a revised size of US$ 5106 million by 2031, growing at a CAGR of 5.1% during the forecast period.

Elevator Component Market

Elevator Component Market

Elevator Component refers to the various components and equipment that make up the elevator system. These components work together to ensure the normal operation of the elevator and the safety of passengers. These components include but are not limited to electric motors, control systems, door systems, guide rails, counterweight systems, safety systems, cars, etc. Each component plays a critical role in enabling the elevator to operate safely and efficiently.
Elevator components are a vital part of the elevator system, covering multiple key elements such as motors, control systems, door systems, wire ropes, cars, guide rails, brakes, etc. With the continuous advancement of global urbanization, the demand for elevators continues to grow. According to market research, the elevator component market has shown a rapid development trend, especially in Asia, where demand in emerging economies such as China and India continues to rise. The following is an analysis of the current status of the elevator component market and future development trends.
The growth of the global elevator market is mainly driven by factors such as urbanization, the prosperity of the construction industry, and an aging society. Elevators have become an indispensable equipment in modern buildings and are widely used in residential, commercial, public buildings, hospitals, shopping malls and other places. Globally, especially in emerging markets such as China and India, the demand for elevators has grown significantly. The construction industry in these countries continues to expand, and the installation volume of elevators has increased significantly. At the same time, building renovation and upgrading projects in developed countries such as Europe and the United States have also driven the demand for elevator components.
In terms of safety, with the complexity of the elevator use environment and the increase in building height, the safety standards and requirements for elevator components are becoming more and more stringent. Global safety regulations, such as international standards such as ISO, EN and ANSI, have prompted elevator component manufacturers to continuously improve the safety and reliability of their products. In addition, the rise of the green environmental protection trend has also made elevator component manufacturers gradually move towards energy saving, low carbon and sustainable development. For example, recyclable materials, energy-saving design and noise control technologies are used to reduce the energy consumption and environmental impact of elevators during operation.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Elevator Component, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator Component.
The Elevator Component market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Elevator Component market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Elevator Component manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Elevator Component Market Report

Report Metric Details
Report Name Elevator Component Market
Accounted market size in year US$ 3621 million
Forecasted market size in 2031 US$ 5106 million
CAGR 5.1%
Base Year year
Forecasted years 2025 - 2031
by Type
  • Drive System
  • Control System
  • Counterweight System
  • Others
by Application
  • Elevators for Passengers
  • Elevators for Freight
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Otis, Kone, Schindler, Hangzhou XiOlift, Fujitec, Yungtay Engineering, SJEC, Avire Ltd (Halma plc.), Böhnke & Partner GmbH, Elevator Equipment Corporation (EECO), Elevator Products Corporation, Fermator Group, GAL Manufacturing Corp., Hans & Jos. Kronenberg GmbH, Hissmekano AB, Hydroware, Nidec Kinetek Elevator Technology (NKET), Wittur Group, Eros Elevators, SEES Inc., Quality Elevator Products:, ADAMS Elevator, Texacone, Delco Elevator Products, Mowrey Elevator Company
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Elevator Component manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Elevator Component by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Elevator Component in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Elevator Component Market growing?

Ans: The Elevator Component Market witnessing a CAGR of 5.1% during the forecast period 2025-2031.

What is the Elevator Component Market size in 2031?

Ans: The Elevator Component Market size in 2031 will be US$ 5106 million.

Who are the main players in the Elevator Component Market report?

Ans: The main players in the Elevator Component Market are Otis, Kone, Schindler, Hangzhou XiOlift, Fujitec, Yungtay Engineering, SJEC, Avire Ltd (Halma plc.), Böhnke & Partner GmbH, Elevator Equipment Corporation (EECO), Elevator Products Corporation, Fermator Group, GAL Manufacturing Corp., Hans & Jos. Kronenberg GmbH, Hissmekano AB, Hydroware, Nidec Kinetek Elevator Technology (NKET), Wittur Group, Eros Elevators, SEES Inc., Quality Elevator Products:, ADAMS Elevator, Texacone, Delco Elevator Products, Mowrey Elevator Company

What are the Application segmentation covered in the Elevator Component Market report?

Ans: The Applications covered in the Elevator Component Market report are Elevators for Passengers, Elevators for Freight

What are the Type segmentation covered in the Elevator Component Market report?

Ans: The Types covered in the Elevator Component Market report are Drive System, Control System, Counterweight System, Others

1 Elevator Component Market Overview
1.1 Product Definition
1.2 Elevator Component by Type
1.2.1 Global Elevator Component Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Drive System
1.2.3 Control System
1.2.4 Counterweight System
1.2.5 Others
1.3 Elevator Component by Application
1.3.1 Global Elevator Component Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Elevators for Passengers
1.3.3 Elevators for Freight
1.4 Global Market Growth Prospects
1.4.1 Global Elevator Component Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Elevator Component Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Elevator Component Production Estimates and Forecasts (2020-2031)
1.4.4 Global Elevator Component Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Elevator Component Production Market Share by Manufacturers (2020-2025)
2.2 Global Elevator Component Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Elevator Component, Industry Ranking, 2023 VS 2024
2.4 Global Elevator Component Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Elevator Component Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Elevator Component, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Elevator Component, Product Offered and Application
2.8 Global Key Manufacturers of Elevator Component, Date of Enter into This Industry
2.9 Elevator Component Market Competitive Situation and Trends
2.9.1 Elevator Component Market Concentration Rate
2.9.2 Global 5 and 10 Largest Elevator Component Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Elevator Component Production by Region
3.1 Global Elevator Component Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Elevator Component Production Value by Region (2020-2031)
3.2.1 Global Elevator Component Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Elevator Component by Region (2026-2031)
3.3 Global Elevator Component Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Elevator Component Production Volume by Region (2020-2031)
3.4.1 Global Elevator Component Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Elevator Component by Region (2026-2031)
3.5 Global Elevator Component Market Price Analysis by Region (2020-2025)
3.6 Global Elevator Component Production and Value, Year-over-Year Growth
3.6.1 North America Elevator Component Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Elevator Component Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Elevator Component Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Elevator Component Production Value Estimates and Forecasts (2020-2031)
4 Elevator Component Consumption by Region
4.1 Global Elevator Component Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Elevator Component Consumption by Region (2020-2031)
4.2.1 Global Elevator Component Consumption by Region (2020-2025)
4.2.2 Global Elevator Component Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Elevator Component Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Elevator Component Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Elevator Component Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Elevator Component Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Elevator Component Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Elevator Component Production by Type (2020-2031)
5.1.1 Global Elevator Component Production by Type (2020-2025)
5.1.2 Global Elevator Component Production by Type (2026-2031)
5.1.3 Global Elevator Component Production Market Share by Type (2020-2031)
5.2 Global Elevator Component Production Value by Type (2020-2031)
5.2.1 Global Elevator Component Production Value by Type (2020-2025)
5.2.2 Global Elevator Component Production Value by Type (2026-2031)
5.2.3 Global Elevator Component Production Value Market Share by Type (2020-2031)
5.3 Global Elevator Component Price by Type (2020-2031)
6 Segment by Application
6.1 Global Elevator Component Production by Application (2020-2031)
6.1.1 Global Elevator Component Production by Application (2020-2025)
6.1.2 Global Elevator Component Production by Application (2026-2031)
6.1.3 Global Elevator Component Production Market Share by Application (2020-2031)
6.2 Global Elevator Component Production Value by Application (2020-2031)
6.2.1 Global Elevator Component Production Value by Application (2020-2025)
6.2.2 Global Elevator Component Production Value by Application (2026-2031)
6.2.3 Global Elevator Component Production Value Market Share by Application (2020-2031)
6.3 Global Elevator Component Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Otis
7.1.1 Otis Elevator Component Company Information
7.1.2 Otis Elevator Component Product Portfolio
7.1.3 Otis Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Otis Main Business and Markets Served
7.1.5 Otis Recent Developments/Updates
7.2 Kone
7.2.1 Kone Elevator Component Company Information
7.2.2 Kone Elevator Component Product Portfolio
7.2.3 Kone Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Kone Main Business and Markets Served
7.2.5 Kone Recent Developments/Updates
7.3 Schindler
7.3.1 Schindler Elevator Component Company Information
7.3.2 Schindler Elevator Component Product Portfolio
7.3.3 Schindler Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Schindler Main Business and Markets Served
7.3.5 Schindler Recent Developments/Updates
7.4 Hangzhou XiOlift
7.4.1 Hangzhou XiOlift Elevator Component Company Information
7.4.2 Hangzhou XiOlift Elevator Component Product Portfolio
7.4.3 Hangzhou XiOlift Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Hangzhou XiOlift Main Business and Markets Served
7.4.5 Hangzhou XiOlift Recent Developments/Updates
7.5 Fujitec
7.5.1 Fujitec Elevator Component Company Information
7.5.2 Fujitec Elevator Component Product Portfolio
7.5.3 Fujitec Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Fujitec Main Business and Markets Served
7.5.5 Fujitec Recent Developments/Updates
7.6 Yungtay Engineering
7.6.1 Yungtay Engineering Elevator Component Company Information
7.6.2 Yungtay Engineering Elevator Component Product Portfolio
7.6.3 Yungtay Engineering Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Yungtay Engineering Main Business and Markets Served
7.6.5 Yungtay Engineering Recent Developments/Updates
7.7 SJEC
7.7.1 SJEC Elevator Component Company Information
7.7.2 SJEC Elevator Component Product Portfolio
7.7.3 SJEC Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.7.4 SJEC Main Business and Markets Served
7.7.5 SJEC Recent Developments/Updates
7.8 Avire Ltd (Halma plc.)
7.8.1 Avire Ltd (Halma plc.) Elevator Component Company Information
7.8.2 Avire Ltd (Halma plc.) Elevator Component Product Portfolio
7.8.3 Avire Ltd (Halma plc.) Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Avire Ltd (Halma plc.) Main Business and Markets Served
7.8.5 Avire Ltd (Halma plc.) Recent Developments/Updates
7.9 Böhnke & Partner GmbH
7.9.1 Böhnke & Partner GmbH Elevator Component Company Information
7.9.2 Böhnke & Partner GmbH Elevator Component Product Portfolio
7.9.3 Böhnke & Partner GmbH Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Böhnke & Partner GmbH Main Business and Markets Served
7.9.5 Böhnke & Partner GmbH Recent Developments/Updates
7.10 Elevator Equipment Corporation (EECO)
7.10.1 Elevator Equipment Corporation (EECO) Elevator Component Company Information
7.10.2 Elevator Equipment Corporation (EECO) Elevator Component Product Portfolio
7.10.3 Elevator Equipment Corporation (EECO) Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Elevator Equipment Corporation (EECO) Main Business and Markets Served
7.10.5 Elevator Equipment Corporation (EECO) Recent Developments/Updates
7.11 Elevator Products Corporation
7.11.1 Elevator Products Corporation Elevator Component Company Information
7.11.2 Elevator Products Corporation Elevator Component Product Portfolio
7.11.3 Elevator Products Corporation Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Elevator Products Corporation Main Business and Markets Served
7.11.5 Elevator Products Corporation Recent Developments/Updates
7.12 Fermator Group
7.12.1 Fermator Group Elevator Component Company Information
7.12.2 Fermator Group Elevator Component Product Portfolio
7.12.3 Fermator Group Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Fermator Group Main Business and Markets Served
7.12.5 Fermator Group Recent Developments/Updates
7.13 GAL Manufacturing Corp.
7.13.1 GAL Manufacturing Corp. Elevator Component Company Information
7.13.2 GAL Manufacturing Corp. Elevator Component Product Portfolio
7.13.3 GAL Manufacturing Corp. Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.13.4 GAL Manufacturing Corp. Main Business and Markets Served
7.13.5 GAL Manufacturing Corp. Recent Developments/Updates
7.14 Hans & Jos. Kronenberg GmbH
7.14.1 Hans & Jos. Kronenberg GmbH Elevator Component Company Information
7.14.2 Hans & Jos. Kronenberg GmbH Elevator Component Product Portfolio
7.14.3 Hans & Jos. Kronenberg GmbH Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Hans & Jos. Kronenberg GmbH Main Business and Markets Served
7.14.5 Hans & Jos. Kronenberg GmbH Recent Developments/Updates
7.15 Hissmekano AB
7.15.1 Hissmekano AB Elevator Component Company Information
7.15.2 Hissmekano AB Elevator Component Product Portfolio
7.15.3 Hissmekano AB Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Hissmekano AB Main Business and Markets Served
7.15.5 Hissmekano AB Recent Developments/Updates
7.16 Hydroware
7.16.1 Hydroware Elevator Component Company Information
7.16.2 Hydroware Elevator Component Product Portfolio
7.16.3 Hydroware Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Hydroware Main Business and Markets Served
7.16.5 Hydroware Recent Developments/Updates
7.17 Nidec Kinetek Elevator Technology (NKET)
7.17.1 Nidec Kinetek Elevator Technology (NKET) Elevator Component Company Information
7.17.2 Nidec Kinetek Elevator Technology (NKET) Elevator Component Product Portfolio
7.17.3 Nidec Kinetek Elevator Technology (NKET) Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Nidec Kinetek Elevator Technology (NKET) Main Business and Markets Served
7.17.5 Nidec Kinetek Elevator Technology (NKET) Recent Developments/Updates
7.18 Wittur Group
7.18.1 Wittur Group Elevator Component Company Information
7.18.2 Wittur Group Elevator Component Product Portfolio
7.18.3 Wittur Group Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Wittur Group Main Business and Markets Served
7.18.5 Wittur Group Recent Developments/Updates
7.19 Eros Elevators
7.19.1 Eros Elevators Elevator Component Company Information
7.19.2 Eros Elevators Elevator Component Product Portfolio
7.19.3 Eros Elevators Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Eros Elevators Main Business and Markets Served
7.19.5 Eros Elevators Recent Developments/Updates
7.20 SEES Inc.
7.20.1 SEES Inc. Elevator Component Company Information
7.20.2 SEES Inc. Elevator Component Product Portfolio
7.20.3 SEES Inc. Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.20.4 SEES Inc. Main Business and Markets Served
7.20.5 SEES Inc. Recent Developments/Updates
7.21 Quality Elevator Products:
7.21.1 Quality Elevator Products: Elevator Component Company Information
7.21.2 Quality Elevator Products: Elevator Component Product Portfolio
7.21.3 Quality Elevator Products: Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Quality Elevator Products: Main Business and Markets Served
7.21.5 Quality Elevator Products: Recent Developments/Updates
7.22 ADAMS Elevator
7.22.1 ADAMS Elevator Elevator Component Company Information
7.22.2 ADAMS Elevator Elevator Component Product Portfolio
7.22.3 ADAMS Elevator Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.22.4 ADAMS Elevator Main Business and Markets Served
7.22.5 ADAMS Elevator Recent Developments/Updates
7.23 Texacone
7.23.1 Texacone Elevator Component Company Information
7.23.2 Texacone Elevator Component Product Portfolio
7.23.3 Texacone Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.23.4 Texacone Main Business and Markets Served
7.23.5 Texacone Recent Developments/Updates
7.24 Delco Elevator Products
7.24.1 Delco Elevator Products Elevator Component Company Information
7.24.2 Delco Elevator Products Elevator Component Product Portfolio
7.24.3 Delco Elevator Products Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.24.4 Delco Elevator Products Main Business and Markets Served
7.24.5 Delco Elevator Products Recent Developments/Updates
7.25 Mowrey Elevator Company
7.25.1 Mowrey Elevator Company Elevator Component Company Information
7.25.2 Mowrey Elevator Company Elevator Component Product Portfolio
7.25.3 Mowrey Elevator Company Elevator Component Production, Value, Price and Gross Margin (2020-2025)
7.25.4 Mowrey Elevator Company Main Business and Markets Served
7.25.5 Mowrey Elevator Company Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Elevator Component Industry Chain Analysis
8.2 Elevator Component Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Elevator Component Production Mode & Process Analysis
8.4 Elevator Component Sales and Marketing
8.4.1 Elevator Component Sales Channels
8.4.2 Elevator Component Distributors
8.5 Elevator Component Customer Analysis
9 Elevator Component Market Dynamics
9.1 Elevator Component Industry Trends
9.2 Elevator Component Market Drivers
9.3 Elevator Component Market Challenges
9.4 Elevator Component Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of Tables
 Table 1. Global Elevator Component Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Elevator Component Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Elevator Component Production Capacity (Units) by Manufacturers in 2024
 Table 4. Global Elevator Component Production by Manufacturers (2020-2025) & (Units)
 Table 5. Global Elevator Component Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Elevator Component Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Elevator Component Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Elevator Component, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Elevator Component as of 2024)
 Table 10. Global Market Elevator Component Average Price by Manufacturers (US$/Unit) & (2020-2025)
 Table 11. Global Key Manufacturers of Elevator Component, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Elevator Component, Product Offered and Application
 Table 13. Global Key Manufacturers of Elevator Component, Date of Enter into This Industry
 Table 14. Global Elevator Component Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Elevator Component Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Elevator Component Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Elevator Component Production Value Market Share by Region (2020-2025)
 Table 19. Global Elevator Component Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Elevator Component Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Elevator Component Production Comparison by Region: 2020 VS 2024 VS 2031 (Units)
 Table 22. Global Elevator Component Production (Units) by Region (2020-2025)
 Table 23. Global Elevator Component Production Market Share by Region (2020-2025)
 Table 24. Global Elevator Component Production (Units) Forecast by Region (2026-2031)
 Table 25. Global Elevator Component Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Elevator Component Market Average Price (US$/Unit) by Region (2020-2025)
 Table 27. Global Elevator Component Market Average Price (US$/Unit) by Region (2026-2031)
 Table 28. Global Elevator Component Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Units)
 Table 29. Global Elevator Component Consumption by Region (2020-2025) & (Units)
 Table 30. Global Elevator Component Consumption Market Share by Region (2020-2025)
 Table 31. Global Elevator Component Forecasted Consumption by Region (2026-2031) & (Units)
 Table 32. Global Elevator Component Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
 Table 34. North America Elevator Component Consumption by Country (2020-2025) & (Units)
 Table 35. North America Elevator Component Consumption by Country (2026-2031) & (Units)
 Table 36. Europe Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
 Table 37. Europe Elevator Component Consumption by Country (2020-2025) & (Units)
 Table 38. Europe Elevator Component Consumption by Country (2026-2031) & (Units)
 Table 39. Asia Pacific Elevator Component Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Units)
 Table 40. Asia Pacific Elevator Component Consumption by Region (2020-2025) & (Units)
 Table 41. Asia Pacific Elevator Component Consumption by Region (2026-2031) & (Units)
 Table 42. Latin America, Middle East & Africa Elevator Component Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
 Table 43. Latin America, Middle East & Africa Elevator Component Consumption by Country (2020-2025) & (Units)
 Table 44. Latin America, Middle East & Africa Elevator Component Consumption by Country (2026-2031) & (Units)
 Table 45. Global Elevator Component Production (Units) by Type (2020-2025)
 Table 46. Global Elevator Component Production (Units) by Type (2026-2031)
 Table 47. Global Elevator Component Production Market Share by Type (2020-2025)
 Table 48. Global Elevator Component Production Market Share by Type (2026-2031)
 Table 49. Global Elevator Component Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Elevator Component Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Elevator Component Production Value Market Share by Type (2020-2025)
 Table 52. Global Elevator Component Production Value Market Share by Type (2026-2031)
 Table 53. Global Elevator Component Price (US$/Unit) by Type (2020-2025)
 Table 54. Global Elevator Component Price (US$/Unit) by Type (2026-2031)
 Table 55. Global Elevator Component Production (Units) by Application (2020-2025)
 Table 56. Global Elevator Component Production (Units) by Application (2026-2031)
 Table 57. Global Elevator Component Production Market Share by Application (2020-2025)
 Table 58. Global Elevator Component Production Market Share by Application (2026-2031)
 Table 59. Global Elevator Component Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Elevator Component Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Elevator Component Production Value Market Share by Application (2020-2025)
 Table 62. Global Elevator Component Production Value Market Share by Application (2026-2031)
 Table 63. Global Elevator Component Price (US$/Unit) by Application (2020-2025)
 Table 64. Global Elevator Component Price (US$/Unit) by Application (2026-2031)
 Table 65. Otis Elevator Component Company Information
 Table 66. Otis Elevator Component Specification and Application
 Table 67. Otis Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 68. Otis Main Business and Markets Served
 Table 69. Otis Recent Developments/Updates
 Table 70. Kone Elevator Component Company Information
 Table 71. Kone Elevator Component Specification and Application
 Table 72. Kone Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 73. Kone Main Business and Markets Served
 Table 74. Kone Recent Developments/Updates
 Table 75. Schindler Elevator Component Company Information
 Table 76. Schindler Elevator Component Specification and Application
 Table 77. Schindler Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 78. Schindler Main Business and Markets Served
 Table 79. Schindler Recent Developments/Updates
 Table 80. Hangzhou XiOlift Elevator Component Company Information
 Table 81. Hangzhou XiOlift Elevator Component Specification and Application
 Table 82. Hangzhou XiOlift Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 83. Hangzhou XiOlift Main Business and Markets Served
 Table 84. Hangzhou XiOlift Recent Developments/Updates
 Table 85. Fujitec Elevator Component Company Information
 Table 86. Fujitec Elevator Component Specification and Application
 Table 87. Fujitec Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 88. Fujitec Main Business and Markets Served
 Table 89. Fujitec Recent Developments/Updates
 Table 90. Yungtay Engineering Elevator Component Company Information
 Table 91. Yungtay Engineering Elevator Component Specification and Application
 Table 92. Yungtay Engineering Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 93. Yungtay Engineering Main Business and Markets Served
 Table 94. Yungtay Engineering Recent Developments/Updates
 Table 95. SJEC Elevator Component Company Information
 Table 96. SJEC Elevator Component Specification and Application
 Table 97. SJEC Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 98. SJEC Main Business and Markets Served
 Table 99. SJEC Recent Developments/Updates
 Table 100. Avire Ltd (Halma plc.) Elevator Component Company Information
 Table 101. Avire Ltd (Halma plc.) Elevator Component Specification and Application
 Table 102. Avire Ltd (Halma plc.) Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 103. Avire Ltd (Halma plc.) Main Business and Markets Served
 Table 104. Avire Ltd (Halma plc.) Recent Developments/Updates
 Table 105. Böhnke & Partner GmbH Elevator Component Company Information
 Table 106. Böhnke & Partner GmbH Elevator Component Specification and Application
 Table 107. Böhnke & Partner GmbH Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 108. Böhnke & Partner GmbH Main Business and Markets Served
 Table 109. Böhnke & Partner GmbH Recent Developments/Updates
 Table 110. Elevator Equipment Corporation (EECO) Elevator Component Company Information
 Table 111. Elevator Equipment Corporation (EECO) Elevator Component Specification and Application
 Table 112. Elevator Equipment Corporation (EECO) Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 113. Elevator Equipment Corporation (EECO) Main Business and Markets Served
 Table 114. Elevator Equipment Corporation (EECO) Recent Developments/Updates
 Table 115. Elevator Products Corporation Elevator Component Company Information
 Table 116. Elevator Products Corporation Elevator Component Specification and Application
 Table 117. Elevator Products Corporation Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 118. Elevator Products Corporation Main Business and Markets Served
 Table 119. Elevator Products Corporation Recent Developments/Updates
 Table 120. Fermator Group Elevator Component Company Information
 Table 121. Fermator Group Elevator Component Specification and Application
 Table 122. Fermator Group Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 123. Fermator Group Main Business and Markets Served
 Table 124. Fermator Group Recent Developments/Updates
 Table 125. GAL Manufacturing Corp. Elevator Component Company Information
 Table 126. GAL Manufacturing Corp. Elevator Component Specification and Application
 Table 127. GAL Manufacturing Corp. Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 128. GAL Manufacturing Corp. Main Business and Markets Served
 Table 129. GAL Manufacturing Corp. Recent Developments/Updates
 Table 130. Hans & Jos. Kronenberg GmbH Elevator Component Company Information
 Table 131. Hans & Jos. Kronenberg GmbH Elevator Component Specification and Application
 Table 132. Hans & Jos. Kronenberg GmbH Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 133. Hans & Jos. Kronenberg GmbH Main Business and Markets Served
 Table 134. Hans & Jos. Kronenberg GmbH Recent Developments/Updates
 Table 135. Hissmekano AB Elevator Component Company Information
 Table 136. Hissmekano AB Elevator Component Specification and Application
 Table 137. Hissmekano AB Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 138. Hissmekano AB Main Business and Markets Served
 Table 139. Hissmekano AB Recent Developments/Updates
 Table 140. Hydroware Elevator Component Company Information
 Table 141. Hydroware Elevator Component Specification and Application
 Table 142. Hydroware Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 143. Hydroware Main Business and Markets Served
 Table 144. Hydroware Recent Developments/Updates
 Table 145. Nidec Kinetek Elevator Technology (NKET) Elevator Component Company Information
 Table 146. Nidec Kinetek Elevator Technology (NKET) Elevator Component Specification and Application
 Table 147. Nidec Kinetek Elevator Technology (NKET) Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 148. Nidec Kinetek Elevator Technology (NKET) Main Business and Markets Served
 Table 149. Nidec Kinetek Elevator Technology (NKET) Recent Developments/Updates
 Table 150. Wittur Group Elevator Component Company Information
 Table 151. Wittur Group Elevator Component Specification and Application
 Table 152. Wittur Group Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 153. Wittur Group Main Business and Markets Served
 Table 154. Wittur Group Recent Developments/Updates
 Table 155. Eros Elevators Elevator Component Company Information
 Table 156. Eros Elevators Elevator Component Specification and Application
 Table 157. Eros Elevators Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 158. Eros Elevators Main Business and Markets Served
 Table 159. Eros Elevators Recent Developments/Updates
 Table 160. SEES Inc. Elevator Component Company Information
 Table 161. SEES Inc. Elevator Component Specification and Application
 Table 162. SEES Inc. Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 163. SEES Inc. Main Business and Markets Served
 Table 164. SEES Inc. Recent Developments/Updates
 Table 165. Quality Elevator Products: Elevator Component Company Information
 Table 166. Quality Elevator Products: Elevator Component Specification and Application
 Table 167. Quality Elevator Products: Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 168. Quality Elevator Products: Main Business and Markets Served
 Table 169. Quality Elevator Products: Recent Developments/Updates
 Table 170. ADAMS Elevator Elevator Component Company Information
 Table 171. ADAMS Elevator Elevator Component Specification and Application
 Table 172. ADAMS Elevator Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 173. ADAMS Elevator Main Business and Markets Served
 Table 174. ADAMS Elevator Recent Developments/Updates
 Table 175. Texacone Elevator Component Company Information
 Table 176. Texacone Elevator Component Specification and Application
 Table 177. Texacone Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 178. Texacone Main Business and Markets Served
 Table 179. Texacone Recent Developments/Updates
 Table 180. Delco Elevator Products Elevator Component Company Information
 Table 181. Delco Elevator Products Elevator Component Specification and Application
 Table 182. Delco Elevator Products Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 183. Delco Elevator Products Main Business and Markets Served
 Table 184. Delco Elevator Products Recent Developments/Updates
 Table 185. Mowrey Elevator Company Elevator Component Company Information
 Table 186. Mowrey Elevator Company Elevator Component Specification and Application
 Table 187. Mowrey Elevator Company Elevator Component Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 188. Mowrey Elevator Company Main Business and Markets Served
 Table 189. Mowrey Elevator Company Recent Developments/Updates
 Table 190. Key Raw Materials Lists
 Table 191. Raw Materials Key Suppliers Lists
 Table 192. Elevator Component Distributors List
 Table 193. Elevator Component Customers List
 Table 194. Elevator Component Market Trends
 Table 195. Elevator Component Market Drivers
 Table 196. Elevator Component Market Challenges
 Table 197. Elevator Component Market Restraints
 Table 198. Research Programs/Design for This Report
 Table 199. Key Data Information from Secondary Sources
 Table 200. Key Data Information from Primary Sources
 Table 201. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Elevator Component
 Figure 2. Global Elevator Component Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Elevator Component Market Share by Type: 2024 VS 2031
 Figure 4. Drive System Product Picture
 Figure 5. Control System Product Picture
 Figure 6. Counterweight System Product Picture
 Figure 7. Others Product Picture
 Figure 8. Global Elevator Component Market Value by Application, (US$ Million) & (2020-2031)
 Figure 9. Global Elevator Component Market Share by Application: 2024 VS 2031
 Figure 10. Elevators for Passengers
 Figure 11. Elevators for Freight
 Figure 12. Global Elevator Component Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 13. Global Elevator Component Production Value (US$ Million) & (2020-2031)
 Figure 14. Global Elevator Component Production Capacity (Units) & (2020-2031)
 Figure 15. Global Elevator Component Production (Units) & (2020-2031)
 Figure 16. Global Elevator Component Average Price (US$/Unit) & (2020-2031)
 Figure 17. Elevator Component Report Years Considered
 Figure 18. Elevator Component Production Share by Manufacturers in 2024
 Figure 19. Global Elevator Component Production Value Share by Manufacturers (2024)
 Figure 20. Elevator Component Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 21. The Global 5 and 10 Largest Players: Market Share by Elevator Component Revenue in 2024
 Figure 22. Global Elevator Component Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 23. Global Elevator Component Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 24. Global Elevator Component Production Comparison by Region: 2020 VS 2024 VS 2031 (Units)
 Figure 25. Global Elevator Component Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 26. North America Elevator Component Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 27. Europe Elevator Component Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 28. China Elevator Component Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 29. Japan Elevator Component Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. Global Elevator Component Consumption by Region: 2020 VS 2024 VS 2031 (Units)
 Figure 31. Global Elevator Component Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 32. North America Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 33. North America Elevator Component Consumption Market Share by Country (2020-2031)
 Figure 34. U.S. Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 35. Canada Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 36. Europe Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 37. Europe Elevator Component Consumption Market Share by Country (2020-2031)
 Figure 38. Germany Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 39. France Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 40. U.K. Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 41. Italy Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 42. Netherlands Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 43. Asia Pacific Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 44. Asia Pacific Elevator Component Consumption Market Share by Region (2020-2031)
 Figure 45. China Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 46. Japan Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 47. South Korea Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 48. China Taiwan Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 49. Southeast Asia Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 50. India Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 51. Latin America, Middle East & Africa Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 52. Latin America, Middle East & Africa Elevator Component Consumption Market Share by Country (2020-2031)
 Figure 53. Mexico Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 54. Brazil Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 55. Turkey Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 56. GCC Countries Elevator Component Consumption and Growth Rate (2020-2031) & (Units)
 Figure 57. Global Production Market Share of Elevator Component by Type (2020-2031)
 Figure 58. Global Production Value Market Share of Elevator Component by Type (2020-2031)
 Figure 59. Global Elevator Component Price (US$/Unit) by Type (2020-2031)
 Figure 60. Global Production Market Share of Elevator Component by Application (2020-2031)
 Figure 61. Global Production Value Market Share of Elevator Component by Application (2020-2031)
 Figure 62. Global Elevator Component Price (US$/Unit) by Application (2020-2031)
 Figure 63. Elevator Component Value Chain
 Figure 64. Channels of Distribution (Direct Vs Distribution)
 Figure 65. Bottom-up and Top-down Approaches for This Report
 Figure 66. Data Triangulation
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