The global Elevator Drive Components market was valued at US$ million in 2025 and is anticipated to reach US$ million by 2032, at a CAGR of %from 2026 to 2032.

Elevator drive components are the mechanical and electromechanical parts that generate and transmit power to move the elevator car, including traction machines (geared and gearless motors), drive sheaves, reduction gearboxes, brakes, couplings, and variable-frequency drives (VVVF inverters), working together with ropes or belts and counterweights (or hydraulic systems) to provide controlled acceleration, deceleration, and stopping in accordance with elevator control commands and safety standards.

The elevator drive components industry chain begins upstream with suppliers of electric motors, permanent-magnet materials, steels, castings, bearings, frequency-converter power modules, hydraulic pumps and valves; midstream manufacturers design and assemble traction machines, gearboxes, brakes, sheaves, VVVF drives and hydraulic power units, integrating them into complete drive packages tested to relevant elevator and safety standards; downstream, global and regional elevator OEMs, modernization contractors and service companies configure these drive systems into passenger, freight, and special elevators for residential, commercial, industrial and public projects, and generate recurring aftermarket demand through upgrades, replacements, and maintenance over 20–30-year lifecycles.

Globally, elevator drive components are being installed or specified across numerous under-construction and planned projects including high-rise office and residential towers in China, India and Southeast Asia, mega mixed-use complexes in the Middle East, metro and railway station expansions in Europe, North America and Latin America, hospital and university campus upgrades, as well as large-scale social housing programs; in parallel, modernization projects in aging building stocks in Japan, Western Europe and the US are replacing old geared machines with energy-efficient gearless traction and VVVF drives, creating continuous demand for advanced drive packages and retrofit-optimized compact units.

2024 Global Market Average Gross Profit Margin: 24%.

The North American market for Elevator Drive Components is projected to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.

The Asia-Pacific market for Elevator Drive Components is projected to rise from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.

The global market for Elevator Drive Components in Passenger Elevator is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 to 2032.

Major global companies of Elevator Drive Components include Inovance, NIDEC, Wittur Group, Bauer Gear Motor, Bucher Hydraulics, SynMatic, Chr. Mayr GmbH + Co. KG, ZIEHL-ABEGG, Columbus McKinnon, WEG, etc. In 2025, the world's top three vendors accounted for approximately % of revenue.

This report delivers a comprehensive overview of the global Elevator Drive Components market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Elevator Drive Components. The Elevator Drive Components market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Elevator Drive Components market comprehensively. Regional market sizes by Type, by Application, by Motor Transmission Type, and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Elevator Drive Components manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation

Scope of Elevator Drive Components Market Report

Report Metric	Details
Report Name	Elevator Drive Components Market
Segment by Type	Traction Drive Hydraulic Drive
Segment by Motor Transmission Type	Geared Traction Machine Gearless Permanent-Magnet Synchronous Traction Machine
Segment by Speed Class	Low-Speed, Low-Rise Drives (≤1.0 M/S) Mid-Speed Drives (1.0–2.5 M/S) High-Speed Drives (2.6–4.0 M/S) Ultra-High-Speed Drives (>4.0 M/S)
Segment by Application	Passenger Elevator Freight Elevator Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Inovance, NIDEC, Wittur Group, Bauer Gear Motor, Bucher Hydraulics, SynMatic, Chr. Mayr GmbH + Co. KG, ZIEHL-ABEGG, Columbus McKinnon, WEG, ABB, Schneider Electric, Siemens, Toshiba, Danfoss
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, by Motor Transmission Type, etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Elevator Drive Components companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

FAQ for this report

Who are the main players in the Elevator Drive Components Market report?

Ans: The main players in the Elevator Drive Components Market are Inovance, NIDEC, Wittur Group, Bauer Gear Motor, Bucher Hydraulics, SynMatic, Chr. Mayr GmbH + Co. KG, ZIEHL-ABEGG, Columbus McKinnon, WEG, ABB, Schneider Electric, Siemens, Toshiba, Danfoss

What are the Application segmentation covered in the Elevator Drive Components Market report?

Ans: The Applications covered in the Elevator Drive Components Market report are Passenger Elevator, Freight Elevator, Others

What are the Type segmentation covered in the Elevator Drive Components Market report?

Ans: The Types covered in the Elevator Drive Components Market report are Geared Traction Machine, Gearless Permanent-Magnet Synchronous Traction Machine

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Elevator Drive Components Market Size Growth Rate by Type: 2021 vs 2025 vs 2032

1.2.2 Traction Drive

1.2.3 Hydraulic Drive

1.3 Market by Motor Transmission Type

1.3.1 Global Elevator Drive Components Market Size Growth Rate by Motor Transmission Type: 2021 vs 2025 vs 2032

1.3.2 Geared Traction Machine

1.3.3 Gearless Permanent-Magnet Synchronous Traction Machine

1.4 Market by Speed Class

1.4.1 Global Elevator Drive Components Market Size Growth Rate by Speed Class: 2021 vs 2025 vs 2032

1.4.2 Low-Speed, Low-Rise Drives (≤1.0 M/S)

1.4.3 Mid-Speed Drives (1.0–2.5 M/S)

1.4.4 High-Speed Drives (2.6–4.0 M/S)

1.4.5 Ultra-High-Speed Drives (>4.0 M/S)

1.5 Market by Application

1.5.1 Global Elevator Drive Components Market Growth by Application: 2021 vs 2025 vs 2032

1.5.2 Passenger Elevator

1.5.3 Freight Elevator

1.5.4 Others

1.6 Assumptions and Limitations

1.7 Study Objectives

1.8 Years Considered

2 Global Growth Trends

2.1 Global Elevator Drive Components Market Perspective (2021–2032)

2.2 Global Elevator Drive Components Growth Trends by Region

2.2.1 Global Elevator Drive Components Market Size by Region: 2021 vs 2025 vs 2032

2.2.2 Elevator Drive Components Historic Market Size by Region (2021–2026)

2.2.3 Elevator Drive Components Forecasted Market Size by Region (2027–2032)

2.3 Elevator Drive Components Market Dynamics

2.3.1 Elevator Drive Components Industry Trends

2.3.2 Elevator Drive Components Market Drivers

2.3.3 Elevator Drive Components Market Challenges

2.3.4 Elevator Drive Components Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Elevator Drive Components Players by Revenue

3.1.1 Global Top Elevator Drive Components Players by Revenue (2021–2026)

3.1.2 Global Elevator Drive Components Revenue Market Share by Players (2021–2026)

3.2 Global Top Elevator Drive Components Players Market Share by Company Tier (Tier 1, Tier 2, Tier 3)

3.3 Global Key Players Ranking by Elevator Drive Components Revenue

3.4 Global Elevator Drive Components Market Concentration Ratio

3.4.1 Global Elevator Drive Components Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Elevator Drive Components Revenue in 2025

3.5 Global Key Players of Elevator Drive Components Head Offices and Areas Served

3.6 Global Key Players of Elevator Drive Components, Products and Applications

3.7 Global Key Players of Elevator Drive Components, Date of General Availability (GA)

3.8 Mergers and Acquisitions, Expansion Plans

4 Elevator Drive Components Breakdown Data by Type

4.1 Global Elevator Drive Components Historic Market Size by Type (2021–2026)

4.2 Global Elevator Drive Components Forecasted Market Size by Type (2027–2032)

5 Elevator Drive Components Breakdown Data by Application

5.1 Global Elevator Drive Components Historic Market Size by Application (2021–2026)

5.2 Global Elevator Drive Components Forecasted Market Size by Application (2027–2032)

6 North America

6.1 North America Elevator Drive Components Market Size (2021–2032)

6.2 North America Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032

6.3 North America Elevator Drive Components Market Size by Country (2021–2026)

6.4 North America Elevator Drive Components Market Size by Country (2027–2032)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Elevator Drive Components Market Size (2021–2032)

7.2 Europe Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032

7.3 Europe Elevator Drive Components Market Size by Country (2021–2026)

7.4 Europe Elevator Drive Components Market Size by Country (2027–2032)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Ireland

8 Asia-Pacific

8.1 Asia-Pacific Elevator Drive Components Market Size (2021–2032)

8.2 Asia-Pacific Elevator Drive Components Market Growth Rate by Region: 2021 vs 2025 vs 2032

8.3 Asia-Pacific Elevator Drive Components Market Size by Region (2021–2026)

8.4 Asia-Pacific Elevator Drive Components Market Size by Region (2027–2032)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia & New Zealand

9 Latin America

9.1 Latin America Elevator Drive Components Market Size (2021–2032)

9.2 Latin America Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032

9.3 Latin America Elevator Drive Components Market Size by Country (2021–2026)

9.4 Latin America Elevator Drive Components Market Size by Country (2027–2032)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Elevator Drive Components Market Size (2021–2032)

10.2 Middle East & Africa Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032

10.3 Middle East & Africa Elevator Drive Components Market Size by Country (2021–2026)

10.4 Middle East & Africa Elevator Drive Components Market Size by Country (2027–2032)

10.5 Israel

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Inovance

11.1.1 Inovance Company Details

11.1.2 Inovance Business Overview

11.1.3 Inovance Elevator Drive Components Introduction

11.1.4 Inovance Revenue in Elevator Drive Components Business (2021–2026)

11.1.5 Inovance Recent Development

11.2 NIDEC

11.2.1 NIDEC Company Details

11.2.2 NIDEC Business Overview

11.2.3 NIDEC Elevator Drive Components Introduction

11.2.4 NIDEC Revenue in Elevator Drive Components Business (2021–2026)

11.2.5 NIDEC Recent Development

11.3 Wittur Group

11.3.1 Wittur Group Company Details

11.3.2 Wittur Group Business Overview

11.3.3 Wittur Group Elevator Drive Components Introduction

11.3.4 Wittur Group Revenue in Elevator Drive Components Business (2021–2026)

11.3.5 Wittur Group Recent Development

11.4 Bauer Gear Motor

11.4.1 Bauer Gear Motor Company Details

11.4.2 Bauer Gear Motor Business Overview

11.4.3 Bauer Gear Motor Elevator Drive Components Introduction

11.4.4 Bauer Gear Motor Revenue in Elevator Drive Components Business (2021–2026)

11.4.5 Bauer Gear Motor Recent Development

11.5 Bucher Hydraulics

11.5.1 Bucher Hydraulics Company Details

11.5.2 Bucher Hydraulics Business Overview

11.5.3 Bucher Hydraulics Elevator Drive Components Introduction

11.5.4 Bucher Hydraulics Revenue in Elevator Drive Components Business (2021–2026)

11.5.5 Bucher Hydraulics Recent Development

11.6 SynMatic

11.6.1 SynMatic Company Details

11.6.2 SynMatic Business Overview

11.6.3 SynMatic Elevator Drive Components Introduction

11.6.4 SynMatic Revenue in Elevator Drive Components Business (2021–2026)

11.6.5 SynMatic Recent Development

11.7 Chr. Mayr GmbH + Co. KG

11.7.1 Chr. Mayr GmbH + Co. KG Company Details

11.7.2 Chr. Mayr GmbH + Co. KG Business Overview

11.7.3 Chr. Mayr GmbH + Co. KG Elevator Drive Components Introduction

11.7.4 Chr. Mayr GmbH + Co. KG Revenue in Elevator Drive Components Business (2021–2026)

11.7.5 Chr. Mayr GmbH + Co. KG Recent Development

11.8 ZIEHL-ABEGG

11.8.1 ZIEHL-ABEGG Company Details

11.8.2 ZIEHL-ABEGG Business Overview

11.8.3 ZIEHL-ABEGG Elevator Drive Components Introduction

11.8.4 ZIEHL-ABEGG Revenue in Elevator Drive Components Business (2021–2026)

11.8.5 ZIEHL-ABEGG Recent Development

11.9 Columbus McKinnon

11.9.1 Columbus McKinnon Company Details

11.9.2 Columbus McKinnon Business Overview

11.9.3 Columbus McKinnon Elevator Drive Components Introduction

11.9.4 Columbus McKinnon Revenue in Elevator Drive Components Business (2021–2026)

11.9.5 Columbus McKinnon Recent Development

11.10 WEG

11.10.1 WEG Company Details

11.10.2 WEG Business Overview

11.10.3 WEG Elevator Drive Components Introduction

11.10.4 WEG Revenue in Elevator Drive Components Business (2021–2026)

11.10.5 WEG Recent Development

11.11 ABB

11.11.1 ABB Company Details

11.11.2 ABB Business Overview

11.11.3 ABB Elevator Drive Components Introduction

11.11.4 ABB Revenue in Elevator Drive Components Business (2021–2026)

11.11.5 ABB Recent Development

11.12 Schneider Electric

11.12.1 Schneider Electric Company Details

11.12.2 Schneider Electric Business Overview

11.12.3 Schneider Electric Elevator Drive Components Introduction

11.12.4 Schneider Electric Revenue in Elevator Drive Components Business (2021–2026)

11.12.5 Schneider Electric Recent Development

11.13 Siemens

11.13.1 Siemens Company Details

11.13.2 Siemens Business Overview

11.13.3 Siemens Elevator Drive Components Introduction

11.13.4 Siemens Revenue in Elevator Drive Components Business (2021–2026)

11.13.5 Siemens Recent Development

11.14 Toshiba

11.14.1 Toshiba Company Details

11.14.2 Toshiba Business Overview

11.14.3 Toshiba Elevator Drive Components Introduction

11.14.4 Toshiba Revenue in Elevator Drive Components Business (2021–2026)

11.14.5 Toshiba Recent Development

11.15 Danfoss

11.15.1 Danfoss Company Details

11.15.2 Danfoss Business Overview

11.15.3 Danfoss Elevator Drive Components Introduction

11.15.4 Danfoss Revenue in Elevator Drive Components Business (2021–2026)

11.15.5 Danfoss Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

Chr. Mayr GmbH + Co. KG

List of Tables

Table 1. Global Elevator Drive Components Market Size Growth Rate by Type (US$ Million): 2021 vs 2025 vs 2032

Table 2. Key Players of Traction Drive

Table 3. Key Players of Hydraulic Drive

Table 4. Global Elevator Drive Components Market Size Growth Rate by Motor Transmission Type (US$ Million): 2021 vs 2025 vs 2032

Table 5. Key Players of Geared Traction Machine

Table 6. Key Players of Gearless Permanent-Magnet Synchronous Traction Machine

Table 7. Global Elevator Drive Components Market Size Growth Rate by Speed Class (US$ Million): 2021 vs 2025 vs 2032

Table 8. Key Players of Low-Speed, Low-Rise Drives (≤1.0 M/S)

Table 9. Key Players of Mid-Speed Drives (1.0–2.5 M/S)

Table 10. Key Players of High-Speed Drives (2.6–4.0 M/S)

Table 11. Key Players of Ultra-High-Speed Drives (>4.0 M/S)

Table 12. Global Elevator Drive Components Market Size Growth by Application (US$ Million): 2021 vs 2025 vs 2032

Table 13. Global Elevator Drive Components Market Size by Region (US$ Million): 2021 vs 2025 vs 2032

Table 14. Global Elevator Drive Components Market Size by Region (US$ Million), 2021–2026

Table 15. Global Elevator Drive Components Market Share by Region (2021–2026)

Table 16. Global Elevator Drive Components Forecasted Market Size by Region (US$ Million), 2027–2032

Table 17. Global Elevator Drive Components Market Share by Region (2027–2032)

Table 18. Elevator Drive Components Market Trends

Table 19. Elevator Drive Components Market Drivers

Table 20. Elevator Drive Components Market Challenges

Table 21. Elevator Drive Components Market Restraints

Table 22. Global Elevator Drive Components Revenue by Players (US$ Million), 2021–2026

Table 23. Global Elevator Drive Components Market Share by Players (2021–2026)

Table 24. Global Top Elevator Drive Components Players by Tier (Tier 1, Tier 2, and Tier 3), based on Elevator Drive Components Revenue, 2025

Table 25. Ranking of Global Top Elevator Drive Components Companies by Revenue (US$ Million) in 2025

Table 26. Global 5 Largest Players Market Share by Elevator Drive Components Revenue (CR5 and HHI), 2021–2026

Table 27. Global Key Players of Elevator Drive Components, Headquarters and Area Served

Table 28. Global Key Players of Elevator Drive Components, Products and Applications

Table 29. Global Key Players of Elevator Drive Components, Date of General Availability (GA)

Table 30. Mergers and Acquisitions, Expansion Plans

Table 31. Global Elevator Drive Components Market Size by Type (US$ Million), 2021–2026

Table 32. Global Elevator Drive Components Revenue Market Share by Type (2021–2026)

Table 33. Global Elevator Drive Components Forecasted Market Size by Type (US$ Million), 2027–2032

Table 34. Global Elevator Drive Components Revenue Market Share by Type (2027–2032)

Table 35. Global Elevator Drive Components Market Size by Application (US$ Million), 2021–2026

Table 36. Global Elevator Drive Components Revenue Market Share by Application (2021–2026)

Table 37. Global Elevator Drive Components Forecasted Market Size by Application (US$ Million), 2027–2032

Table 38. Global Elevator Drive Components Revenue Market Share by Application (2027–2032)

Table 39. North America Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 40. North America Elevator Drive Components Market Size by Country (US$ Million), 2021–2026

Table 41. North America Elevator Drive Components Market Size by Country (US$ Million), 2027–2032

Table 42. Europe Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 43. Europe Elevator Drive Components Market Size by Country (US$ Million), 2021–2026

Table 44. Europe Elevator Drive Components Market Size by Country (US$ Million), 2027–2032

Table 45. Asia-Pacific Elevator Drive Components Market Size Growth Rate by Region (US$ Million): 2021 vs 2025 vs 2032

Table 46. Asia-Pacific Elevator Drive Components Market Size by Region (US$ Million), 2021–2026

Table 47. Asia-Pacific Elevator Drive Components Market Size by Region (US$ Million), 2027–2032

Table 48. Latin America Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 49. Latin America Elevator Drive Components Market Size by Country (US$ Million), 2021–2026

Table 50. Latin America Elevator Drive Components Market Size by Country (US$ Million), 2027–2032

Table 51. Middle East & Africa Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 52. Middle East & Africa Elevator Drive Components Market Size by Country (US$ Million), 2021–2026

Table 53. Middle East & Africa Elevator Drive Components Market Size by Country (US$ Million), 2027–2032

Table 54. Inovance Company Details

Table 55. Inovance Business Overview

Table 56. Inovance Elevator Drive Components Product

Table 57. Inovance Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 58. Inovance Recent Development

Table 59. NIDEC Company Details

Table 60. NIDEC Business Overview

Table 61. NIDEC Elevator Drive Components Product

Table 62. NIDEC Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 63. NIDEC Recent Development

Table 64. Wittur Group Company Details

Table 65. Wittur Group Business Overview

Table 66. Wittur Group Elevator Drive Components Product

Table 67. Wittur Group Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 68. Wittur Group Recent Development

Table 69. Bauer Gear Motor Company Details

Table 70. Bauer Gear Motor Business Overview

Table 71. Bauer Gear Motor Elevator Drive Components Product

Table 72. Bauer Gear Motor Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 73. Bauer Gear Motor Recent Development

Table 74. Bucher Hydraulics Company Details

Table 75. Bucher Hydraulics Business Overview

Table 76. Bucher Hydraulics Elevator Drive Components Product

Table 77. Bucher Hydraulics Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 78. Bucher Hydraulics Recent Development

Table 79. SynMatic Company Details

Table 80. SynMatic Business Overview

Table 81. SynMatic Elevator Drive Components Product

Table 82. SynMatic Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 83. SynMatic Recent Development

Table 84. Chr. Mayr GmbH + Co. KG Company Details

Table 85. Chr. Mayr GmbH + Co. KG Business Overview

Table 86. Chr. Mayr GmbH + Co. KG Elevator Drive Components Product

Table 87. Chr. Mayr GmbH + Co. KG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 88. Chr. Mayr GmbH + Co. KG Recent Development

Table 89. ZIEHL-ABEGG Company Details

Table 90. ZIEHL-ABEGG Business Overview

Table 91. ZIEHL-ABEGG Elevator Drive Components Product

Table 92. ZIEHL-ABEGG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 93. ZIEHL-ABEGG Recent Development

Table 94. Columbus McKinnon Company Details

Table 95. Columbus McKinnon Business Overview

Table 96. Columbus McKinnon Elevator Drive Components Product

Table 97. Columbus McKinnon Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 98. Columbus McKinnon Recent Development

Table 99. WEG Company Details

Table 100. WEG Business Overview

Table 101. WEG Elevator Drive Components Product

Table 102. WEG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 103. WEG Recent Development

Table 104. ABB Company Details

Table 105. ABB Business Overview

Table 106. ABB Elevator Drive Components Product

Table 107. ABB Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 108. ABB Recent Development

Table 109. Schneider Electric Company Details

Table 110. Schneider Electric Business Overview

Table 111. Schneider Electric Elevator Drive Components Product

Table 112. Schneider Electric Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 113. Schneider Electric Recent Development

Table 114. Siemens Company Details

Table 115. Siemens Business Overview

Table 116. Siemens Elevator Drive Components Product

Table 117. Siemens Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 118. Siemens Recent Development

Table 119. Toshiba Company Details

Table 120. Toshiba Business Overview

Table 121. Toshiba Elevator Drive Components Product

Table 122. Toshiba Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 123. Toshiba Recent Development

Table 124. Danfoss Company Details

Table 125. Danfoss Business Overview

Table 126. Danfoss Elevator Drive Components Product

Table 127. Danfoss Revenue in Elevator Drive Components Business (US$ Million), 2021–2026

Table 128. Danfoss Recent Development

Table 129. Research Programs/Design for This Report

Table 130. Key Data Information from Secondary Sources

Table 131. Key Data Information from Primary Sources

Table 132. Authors List of This Report

List of Figures

Figure 1. Elevator Drive Components Picture

Figure 2. Global Elevator Drive Components Market Size Comparison by Type (US$ Million), 2021–2032

Figure 3. Global Elevator Drive Components Market Share by Type: 2025 vs 2032

Figure 4. Traction Drive Features

Figure 5. Hydraulic Drive Features

Figure 6. Global Elevator Drive Components Market Size Comparison by Motor Transmission Type (US$ Million), 2021–2032

Figure 7. Geared Traction Machine Features

Figure 8. Gearless Permanent-Magnet Synchronous Traction Machine Features

Figure 9. Global Elevator Drive Components Market Size Comparison by Speed Class (US$ Million), 2021–2032

Figure 10. Low-Speed, Low-Rise Drives (≤1.0 M/S) Features

Figure 11. Mid-Speed Drives (1.0–2.5 M/S) Features

Figure 12. High-Speed Drives (2.6–4.0 M/S) Features

Figure 13. Ultra-High-Speed Drives (>4.0 M/S) Features

Figure 14. Global Elevator Drive Components Market Size by Application (US$ Million), 2021–2032

Figure 15. Global Elevator Drive Components Market Share by Application: 2025 vs 2032

Figure 16. Passenger Elevator Case Studies

Figure 17. Freight Elevator Case Studies

Figure 18. Others Case Studies

Figure 19. Elevator Drive Components Report Years Considered

Figure 20. Global Elevator Drive Components Market Size (US$ Million), Year-over-Year: 2021–2032

Figure 21. Global Elevator Drive Components Market Size, (US$ Million), 2021 vs 2025 vs 2032

Figure 22. Global Elevator Drive Components Market Share by Region: 2025 vs 2032

Figure 23. Global Elevator Drive Components Market Share by Players in 2025

Figure 24. Global Elevator Drive Components Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

Figure 25. The Top 10 and 5 Players Market Share by Elevator Drive Components Revenue in 2025

Figure 26. North America Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 27. North America Elevator Drive Components Market Share by Country (2021–2032)

Figure 28. United States Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 29. Canada Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 30. Europe Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 31. Europe Elevator Drive Components Market Share by Country (2021–2032)

Figure 32. Germany Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 33. France Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 34. U.K. Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 35. Italy Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 36. Russia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 37. Ireland Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 38. Asia-Pacific Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 39. Asia-Pacific Elevator Drive Components Market Share by Region (2021–2032)

Figure 40. China Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 41. Japan Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 42. South Korea Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 43. Southeast Asia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 44. India Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 45. Australia & New Zealand Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 46. Latin America Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 47. Latin America Elevator Drive Components Market Share by Country (2021–2032)

Figure 48. Mexico Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 49. Brazil Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 50. Middle East & Africa Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 51. Middle East & Africa Elevator Drive Components Market Share by Country (2021–2032)

Figure 52. Israel Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 53. Saudi Arabia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 54. UAE Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032

Figure 55. Inovance Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 56. NIDEC Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 57. Wittur Group Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 58. Bauer Gear Motor Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 59. Bucher Hydraulics Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 60. SynMatic Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 61. Chr. Mayr GmbH + Co. KG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 62. ZIEHL-ABEGG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 63. Columbus McKinnon Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 64. WEG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 65. ABB Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 66. Schneider Electric Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 67. Siemens Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 68. Toshiba Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 69. Danfoss Revenue Growth Rate in Elevator Drive Components Business (2021–2026)

Figure 70. Bottom-up and Top-down Approaches for This Report

Figure 71. Data Triangulation

Figure 72. Key Executives Interviewed

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