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Global Traction Machine Market Research Report 2025
Published Date: 2025-12-04
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Report Code: QYRE-Auto-4Z13260
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Global Traction Machine Market Research Report 2023
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Global Traction Machine Market Research Report 2025

Code: QYRE-Auto-4Z13260
Report
2025-12-04
Pages:114
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Traction Machine Market Size

The global market for Traction Machine was valued at US$ 2955 million in the year 2024 and is projected to reach a revised size of US$ 4196 million by 2031, growing at a CAGR of 5.1% during the forecast period.

Traction Machine Market

Traction Machine Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Traction Machine competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
A traction machine is a mechanical device used to drive elevators or other vertical transportation equipment. Its main function is to provide power through an electric motor to drive steel wire ropes, chains, or other traction devices, thereby enabling the elevator car to move up and down. It is one of the core components in the elevator system, determining the operational efficiency and safety of the elevator.In 2024, global Traction Machine production reached approximately 1,285 K units, with an average global market price of around US$ 2,300 per unit.The annual production capacity of a single production line is 12,000 units, with a gross profit margin of about 20%.
Upstream raw materials:
Motor and magnetic materials: Electrical round copper wire (electromagnetic wire), non-oriented silicon steel sheet, permanent magnet material (NdFeB magnet), motor coil insulation material.
Structural parts and castings: Cast iron parts or welding parts such as shells, end covers, bases, traction wheels, couplings, flanges, etc.
Bearings and transmission parts: deep groove ball bearings, cylindrical roller bearings, oil seals, keys, fasteners.
Brake system: disc or drum electromagnetic brake, friction plate, spring parts.
Detection and control: encoder, tachometer generator, temperature sensor, terminal blocks.
Downstream terminal applications: residential buildings, commercial complexes, office buildings, rail transit hubs, hospitals, schools, industrial plants, logistics warehouses, etc.
Raw material cost is 55%–65%; manufacturing cost is about 10%–15%; labor cost is about 8%–12%.
With the development of Internet of Things (IoT) technology and artificial intelligence (AI), traction machines are moving towards intelligence. Modern traction machines not only have automatic adjustment functions, but also can collect real-time data through remote monitoring systems to assist in fault diagnosis, maintenance warning, and performance optimization. With the increasing demand for building space and the strengthening of environmental awareness, non machine room traction machines have gained more and more attention in the market. The design without a machine room can effectively save building space and reduce the demand for traditional elevator machine rooms, especially suitable for middle and low rise residential buildings, commercial buildings, and high-rise buildings. With the high-rise and urbanization of buildings, the demand for non machine room elevators continues to increase. With the increasing number of high-rise and super tall buildings worldwide, the market demand for high load-bearing and fast response traction machines has also grown. High rise elevators have higher requirements for the power, stability, noise control, and safety of the traction machine.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Traction Machine, 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 Traction Machine.
The Traction Machine market size, estimations, and forecasts are provided in terms of output/shipments (K 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 Traction Machine market comprehensively. Regional market sizes, concerning products by Type, by Application, by Installation Structure 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 Traction Machine 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, by Installation Structure and by regions.

Scope of Traction Machine Market Report

Report Metric Details
Report Name Traction Machine Market
Accounted market size in year US$ 2955 million
Forecasted market size in 2031 US$ 4196 million
CAGR 5.1%
Base Year year
Forecasted years 2026 - 2031
Segment by Type
  • Geared Traction Machine
  • Gearless Traction Machine
Segment by Installation Structure
  • Machine Room Traction Machine
  • Non Machine Room Traction Machine
Segment by Motor Type
  • DC Traction Machine
  • AC Traction Machine
Segment by Application
  • Passenger Elevator
  • Freight Elevator
  • Home Lift
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 Nidec Elevator Group, Wittur Group, APSON, Nagaoka Machinery, Torin Drive, Tectronics Engineers, Kolmar Asansor, Elecon, Raman Engineering, Shenyang Yuanda Intellectual Industry Group, Hebei Fengwei Machinery Manufacturing, Montanari Drive Technology, Zhejiang Xierk Elevator Parts, Ningbo Xinda Elevator Traction Technology, Cheng Day International Group, Suzhou BDFUJI Elevator, Suzhou Dazen Electromechanical Technology
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, by Installation Structure 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 Traction Machine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Traction Machine 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 Traction Machine 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 Traction Machine Market growing?

Ans: The Traction Machine Market witnessing a CAGR of 5.1% during the forecast period 2026-2031.

What is the Traction Machine Market size in 2031?

Ans: The Traction Machine Market size in 2031 will be US$ 4196 million.

Who are the main players in the Traction Machine Market report?

Ans: The main players in the Traction Machine Market are Nidec Elevator Group, Wittur Group, APSON, Nagaoka Machinery, Torin Drive, Tectronics Engineers, Kolmar Asansor, Elecon, Raman Engineering, Shenyang Yuanda Intellectual Industry Group, Hebei Fengwei Machinery Manufacturing, Montanari Drive Technology, Zhejiang Xierk Elevator Parts, Ningbo Xinda Elevator Traction Technology, Cheng Day International Group, Suzhou BDFUJI Elevator, Suzhou Dazen Electromechanical Technology

What are the Application segmentation covered in the Traction Machine Market report?

Ans: The Applications covered in the Traction Machine Market report are Passenger Elevator, Freight Elevator, Home Lift

What are the Type segmentation covered in the Traction Machine Market report?

Ans: The Types covered in the Traction Machine Market report are DC Traction Machine, AC Traction Machine

1 Traction Machine Market Overview
1.1 Product Definition
1.2 Traction Machine by Type
1.2.1 Global Traction Machine Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Geared Traction Machine
1.2.3 Gearless Traction Machine
1.3 Traction Machine by Installation Structure
1.3.1 Global Traction Machine Market Value Growth Rate Analysis by Installation Structure: 2024 VS 2031
1.3.2 Machine Room Traction Machine
1.3.3 Non Machine Room Traction Machine
1.4 Traction Machine by Motor Type
1.4.1 Global Traction Machine Market Value Growth Rate Analysis by Motor Type: 2024 VS 2031
1.4.2 DC Traction Machine
1.4.3 AC Traction Machine
1.5 Traction Machine by Application
1.5.1 Global Traction Machine Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.5.2 Passenger Elevator
1.5.3 Freight Elevator
1.5.4 Home Lift
1.6 Global Market Growth Prospects
1.6.1 Global Traction Machine Production Value Estimates and Forecasts (2020-2031)
1.6.2 Global Traction Machine Production Capacity Estimates and Forecasts (2020-2031)
1.6.3 Global Traction Machine Production Estimates and Forecasts (2020-2031)
1.6.4 Global Traction Machine Market Average Price Estimates and Forecasts (2020-2031)
1.7 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Traction Machine Production Market Share by Manufacturers (2020-2025)
2.2 Global Traction Machine Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Traction Machine, Industry Ranking, 2023 VS 2024
2.4 Global Traction Machine Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Traction Machine Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Traction Machine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Traction Machine, Product Offered and Application
2.8 Global Key Manufacturers of Traction Machine, Date of Enter into This Industry
2.9 Traction Machine Market Competitive Situation and Trends
2.9.1 Traction Machine Market Concentration Rate
2.9.2 Global 5 and 10 Largest Traction Machine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Traction Machine Production by Region
3.1 Global Traction Machine Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Traction Machine Production Value by Region (2020-2031)
3.2.1 Global Traction Machine Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Traction Machine by Region (2026-2031)
3.3 Global Traction Machine Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Traction Machine Production Volume by Region (2020-2031)
3.4.1 Global Traction Machine Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Traction Machine by Region (2026-2031)
3.5 Global Traction Machine Market Price Analysis by Region (2020-2025)
3.6 Global Traction Machine Production and Value, Year-over-Year Growth
3.6.1 North America Traction Machine Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Traction Machine Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Traction Machine Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Traction Machine Production Value Estimates and Forecasts (2020-2031)
4 Traction Machine Consumption by Region
4.1 Global Traction Machine Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Traction Machine Consumption by Region (2020-2031)
4.2.1 Global Traction Machine Consumption by Region (2020-2025)
4.2.2 Global Traction Machine Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Traction Machine Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Traction Machine 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 Traction Machine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Traction Machine 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 Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Traction Machine 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 Traction Machine Production by Type (2020-2031)
5.1.1 Global Traction Machine Production by Type (2020-2025)
5.1.2 Global Traction Machine Production by Type (2026-2031)
5.1.3 Global Traction Machine Production Market Share by Type (2020-2031)
5.2 Global Traction Machine Production Value by Type (2020-2031)
5.2.1 Global Traction Machine Production Value by Type (2020-2025)
5.2.2 Global Traction Machine Production Value by Type (2026-2031)
5.2.3 Global Traction Machine Production Value Market Share by Type (2020-2031)
5.3 Global Traction Machine Price by Type (2020-2031)
6 Segment by Application
6.1 Global Traction Machine Production by Application (2020-2031)
6.1.1 Global Traction Machine Production by Application (2020-2025)
6.1.2 Global Traction Machine Production by Application (2026-2031)
6.1.3 Global Traction Machine Production Market Share by Application (2020-2031)
6.2 Global Traction Machine Production Value by Application (2020-2031)
6.2.1 Global Traction Machine Production Value by Application (2020-2025)
6.2.2 Global Traction Machine Production Value by Application (2026-2031)
6.2.3 Global Traction Machine Production Value Market Share by Application (2020-2031)
6.3 Global Traction Machine Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Nidec Elevator Group
7.1.1 Nidec Elevator Group Traction Machine Company Information
7.1.2 Nidec Elevator Group Traction Machine Product Portfolio
7.1.3 Nidec Elevator Group Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Nidec Elevator Group Main Business and Markets Served
7.1.5 Nidec Elevator Group Recent Developments/Updates
7.2 Wittur Group
7.2.1 Wittur Group Traction Machine Company Information
7.2.2 Wittur Group Traction Machine Product Portfolio
7.2.3 Wittur Group Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Wittur Group Main Business and Markets Served
7.2.5 Wittur Group Recent Developments/Updates
7.3 APSON
7.3.1 APSON Traction Machine Company Information
7.3.2 APSON Traction Machine Product Portfolio
7.3.3 APSON Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.3.4 APSON Main Business and Markets Served
7.3.5 APSON Recent Developments/Updates
7.4 Nagaoka Machinery
7.4.1 Nagaoka Machinery Traction Machine Company Information
7.4.2 Nagaoka Machinery Traction Machine Product Portfolio
7.4.3 Nagaoka Machinery Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Nagaoka Machinery Main Business and Markets Served
7.4.5 Nagaoka Machinery Recent Developments/Updates
7.5 Torin Drive
7.5.1 Torin Drive Traction Machine Company Information
7.5.2 Torin Drive Traction Machine Product Portfolio
7.5.3 Torin Drive Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Torin Drive Main Business and Markets Served
7.5.5 Torin Drive Recent Developments/Updates
7.6 Tectronics Engineers
7.6.1 Tectronics Engineers Traction Machine Company Information
7.6.2 Tectronics Engineers Traction Machine Product Portfolio
7.6.3 Tectronics Engineers Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Tectronics Engineers Main Business and Markets Served
7.6.5 Tectronics Engineers Recent Developments/Updates
7.7 Kolmar Asansor
7.7.1 Kolmar Asansor Traction Machine Company Information
7.7.2 Kolmar Asansor Traction Machine Product Portfolio
7.7.3 Kolmar Asansor Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Kolmar Asansor Main Business and Markets Served
7.7.5 Kolmar Asansor Recent Developments/Updates
7.8 Elecon
7.8.1 Elecon Traction Machine Company Information
7.8.2 Elecon Traction Machine Product Portfolio
7.8.3 Elecon Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Elecon Main Business and Markets Served
7.8.5 Elecon Recent Developments/Updates
7.9 Raman Engineering
7.9.1 Raman Engineering Traction Machine Company Information
7.9.2 Raman Engineering Traction Machine Product Portfolio
7.9.3 Raman Engineering Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Raman Engineering Main Business and Markets Served
7.9.5 Raman Engineering Recent Developments/Updates
7.10 Shenyang Yuanda Intellectual Industry Group
7.10.1 Shenyang Yuanda Intellectual Industry Group Traction Machine Company Information
7.10.2 Shenyang Yuanda Intellectual Industry Group Traction Machine Product Portfolio
7.10.3 Shenyang Yuanda Intellectual Industry Group Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Shenyang Yuanda Intellectual Industry Group Main Business and Markets Served
7.10.5 Shenyang Yuanda Intellectual Industry Group Recent Developments/Updates
7.11 Hebei Fengwei Machinery Manufacturing
7.11.1 Hebei Fengwei Machinery Manufacturing Traction Machine Company Information
7.11.2 Hebei Fengwei Machinery Manufacturing Traction Machine Product Portfolio
7.11.3 Hebei Fengwei Machinery Manufacturing Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Hebei Fengwei Machinery Manufacturing Main Business and Markets Served
7.11.5 Hebei Fengwei Machinery Manufacturing Recent Developments/Updates
7.12 Montanari Drive Technology
7.12.1 Montanari Drive Technology Traction Machine Company Information
7.12.2 Montanari Drive Technology Traction Machine Product Portfolio
7.12.3 Montanari Drive Technology Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Montanari Drive Technology Main Business and Markets Served
7.12.5 Montanari Drive Technology Recent Developments/Updates
7.13 Zhejiang Xierk Elevator Parts
7.13.1 Zhejiang Xierk Elevator Parts Traction Machine Company Information
7.13.2 Zhejiang Xierk Elevator Parts Traction Machine Product Portfolio
7.13.3 Zhejiang Xierk Elevator Parts Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Zhejiang Xierk Elevator Parts Main Business and Markets Served
7.13.5 Zhejiang Xierk Elevator Parts Recent Developments/Updates
7.14 Ningbo Xinda Elevator Traction Technology
7.14.1 Ningbo Xinda Elevator Traction Technology Traction Machine Company Information
7.14.2 Ningbo Xinda Elevator Traction Technology Traction Machine Product Portfolio
7.14.3 Ningbo Xinda Elevator Traction Technology Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Ningbo Xinda Elevator Traction Technology Main Business and Markets Served
7.14.5 Ningbo Xinda Elevator Traction Technology Recent Developments/Updates
7.15 Cheng Day International Group
7.15.1 Cheng Day International Group Traction Machine Company Information
7.15.2 Cheng Day International Group Traction Machine Product Portfolio
7.15.3 Cheng Day International Group Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Cheng Day International Group Main Business and Markets Served
7.15.5 Cheng Day International Group Recent Developments/Updates
7.16 Suzhou BDFUJI Elevator
7.16.1 Suzhou BDFUJI Elevator Traction Machine Company Information
7.16.2 Suzhou BDFUJI Elevator Traction Machine Product Portfolio
7.16.3 Suzhou BDFUJI Elevator Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Suzhou BDFUJI Elevator Main Business and Markets Served
7.16.5 Suzhou BDFUJI Elevator Recent Developments/Updates
7.17 Suzhou Dazen Electromechanical Technology
7.17.1 Suzhou Dazen Electromechanical Technology Traction Machine Company Information
7.17.2 Suzhou Dazen Electromechanical Technology Traction Machine Product Portfolio
7.17.3 Suzhou Dazen Electromechanical Technology Traction Machine Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Suzhou Dazen Electromechanical Technology Main Business and Markets Served
7.17.5 Suzhou Dazen Electromechanical Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Traction Machine Industry Chain Analysis
8.2 Traction Machine Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Traction Machine Production Mode & Process Analysis
8.4 Traction Machine Sales and Marketing
8.4.1 Traction Machine Sales Channels
8.4.2 Traction Machine Distributors
8.5 Traction Machine Customer Analysis
9 Traction Machine Market Dynamics
9.1 Traction Machine Industry Trends
9.2 Traction Machine Market Drivers
9.3 Traction Machine Market Challenges
9.4 Traction Machine 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 Traction Machine Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Traction Machine Market Value by Installation Structure, (US$ Million) & (2024 VS 2031)
 Table 3. Global Traction Machine Market Value by Motor Type, (US$ Million) & (2024 VS 2031)
 Table 4. Global Traction Machine Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 5. Global Traction Machine Production Capacity (K Units) by Manufacturers in 2024
 Table 6. Global Traction Machine Production by Manufacturers (2020-2025) & (K Units)
 Table 7. Global Traction Machine Production Market Share by Manufacturers (2020-2025)
 Table 8. Global Traction Machine Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 9. Global Traction Machine Production Value Share by Manufacturers (2020-2025)
 Table 10. Global Key Players of Traction Machine, Industry Ranking, 2023 VS 2024
 Table 11. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Traction Machine as of 2024)
 Table 12. Global Market Traction Machine Average Price by Manufacturers (US$/Unit) & (2020-2025)
 Table 13. Global Key Manufacturers of Traction Machine, Manufacturing Base Distribution and Headquarters
 Table 14. Global Key Manufacturers of Traction Machine, Product Offered and Application
 Table 15. Global Key Manufacturers of Traction Machine, Date of Enter into This Industry
 Table 16. Global Traction Machine Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 17. Mergers & Acquisitions, Expansion Plans
 Table 18. Global Traction Machine Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 19. Global Traction Machine Production Value (US$ Million) by Region (2020-2025)
 Table 20. Global Traction Machine Production Value Market Share by Region (2020-2025)
 Table 21. Global Traction Machine Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 22. Global Traction Machine Production Value Market Share Forecast by Region (2026-2031)
 Table 23. Global Traction Machine Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 24. Global Traction Machine Production (K Units) by Region (2020-2025)
 Table 25. Global Traction Machine Production Market Share by Region (2020-2025)
 Table 26. Global Traction Machine Production (K Units) Forecast by Region (2026-2031)
 Table 27. Global Traction Machine Production Market Share Forecast by Region (2026-2031)
 Table 28. Global Traction Machine Market Average Price (US$/Unit) by Region (2020-2025)
 Table 29. Global Traction Machine Market Average Price (US$/Unit) by Region (2026-2031)
 Table 30. Global Traction Machine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 31. Global Traction Machine Consumption by Region (2020-2025) & (K Units)
 Table 32. Global Traction Machine Consumption Market Share by Region (2020-2025)
 Table 33. Global Traction Machine Forecasted Consumption by Region (2026-2031) & (K Units)
 Table 34. Global Traction Machine Forecasted Consumption Market Share by Region (2026-2031)
 Table 35. North America Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 36. North America Traction Machine Consumption by Country (2020-2025) & (K Units)
 Table 37. North America Traction Machine Consumption by Country (2026-2031) & (K Units)
 Table 38. Europe Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 39. Europe Traction Machine Consumption by Country (2020-2025) & (K Units)
 Table 40. Europe Traction Machine Consumption by Country (2026-2031) & (K Units)
 Table 41. Asia Pacific Traction Machine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 42. Asia Pacific Traction Machine Consumption by Region (2020-2025) & (K Units)
 Table 43. Asia Pacific Traction Machine Consumption by Region (2026-2031) & (K Units)
 Table 44. Latin America, Middle East & Africa Traction Machine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 45. Latin America, Middle East & Africa Traction Machine Consumption by Country (2020-2025) & (K Units)
 Table 46. Latin America, Middle East & Africa Traction Machine Consumption by Country (2026-2031) & (K Units)
 Table 47. Global Traction Machine Production (K Units) by Type (2020-2025)
 Table 48. Global Traction Machine Production (K Units) by Type (2026-2031)
 Table 49. Global Traction Machine Production Market Share by Type (2020-2025)
 Table 50. Global Traction Machine Production Market Share by Type (2026-2031)
 Table 51. Global Traction Machine Production Value (US$ Million) by Type (2020-2025)
 Table 52. Global Traction Machine Production Value (US$ Million) by Type (2026-2031)
 Table 53. Global Traction Machine Production Value Market Share by Type (2020-2025)
 Table 54. Global Traction Machine Production Value Market Share by Type (2026-2031)
 Table 55. Global Traction Machine Price (US$/Unit) by Type (2020-2025)
 Table 56. Global Traction Machine Price (US$/Unit) by Type (2026-2031)
 Table 57. Global Traction Machine Production (K Units) by Application (2020-2025)
 Table 58. Global Traction Machine Production (K Units) by Application (2026-2031)
 Table 59. Global Traction Machine Production Market Share by Application (2020-2025)
 Table 60. Global Traction Machine Production Market Share by Application (2026-2031)
 Table 61. Global Traction Machine Production Value (US$ Million) by Application (2020-2025)
 Table 62. Global Traction Machine Production Value (US$ Million) by Application (2026-2031)
 Table 63. Global Traction Machine Production Value Market Share by Application (2020-2025)
 Table 64. Global Traction Machine Production Value Market Share by Application (2026-2031)
 Table 65. Global Traction Machine Price (US$/Unit) by Application (2020-2025)
 Table 66. Global Traction Machine Price (US$/Unit) by Application (2026-2031)
 Table 67. Nidec Elevator Group Traction Machine Company Information
 Table 68. Nidec Elevator Group Traction Machine Specification and Application
 Table 69. Nidec Elevator Group Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 70. Nidec Elevator Group Main Business and Markets Served
 Table 71. Nidec Elevator Group Recent Developments/Updates
 Table 72. Wittur Group Traction Machine Company Information
 Table 73. Wittur Group Traction Machine Specification and Application
 Table 74. Wittur Group Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 75. Wittur Group Main Business and Markets Served
 Table 76. Wittur Group Recent Developments/Updates
 Table 77. APSON Traction Machine Company Information
 Table 78. APSON Traction Machine Specification and Application
 Table 79. APSON Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 80. APSON Main Business and Markets Served
 Table 81. APSON Recent Developments/Updates
 Table 82. Nagaoka Machinery Traction Machine Company Information
 Table 83. Nagaoka Machinery Traction Machine Specification and Application
 Table 84. Nagaoka Machinery Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 85. Nagaoka Machinery Main Business and Markets Served
 Table 86. Nagaoka Machinery Recent Developments/Updates
 Table 87. Torin Drive Traction Machine Company Information
 Table 88. Torin Drive Traction Machine Specification and Application
 Table 89. Torin Drive Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 90. Torin Drive Main Business and Markets Served
 Table 91. Torin Drive Recent Developments/Updates
 Table 92. Tectronics Engineers Traction Machine Company Information
 Table 93. Tectronics Engineers Traction Machine Specification and Application
 Table 94. Tectronics Engineers Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 95. Tectronics Engineers Main Business and Markets Served
 Table 96. Tectronics Engineers Recent Developments/Updates
 Table 97. Kolmar Asansor Traction Machine Company Information
 Table 98. Kolmar Asansor Traction Machine Specification and Application
 Table 99. Kolmar Asansor Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 100. Kolmar Asansor Main Business and Markets Served
 Table 101. Kolmar Asansor Recent Developments/Updates
 Table 102. Elecon Traction Machine Company Information
 Table 103. Elecon Traction Machine Specification and Application
 Table 104. Elecon Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 105. Elecon Main Business and Markets Served
 Table 106. Elecon Recent Developments/Updates
 Table 107. Raman Engineering Traction Machine Company Information
 Table 108. Raman Engineering Traction Machine Specification and Application
 Table 109. Raman Engineering Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 110. Raman Engineering Main Business and Markets Served
 Table 111. Raman Engineering Recent Developments/Updates
 Table 112. Shenyang Yuanda Intellectual Industry Group Traction Machine Company Information
 Table 113. Shenyang Yuanda Intellectual Industry Group Traction Machine Specification and Application
 Table 114. Shenyang Yuanda Intellectual Industry Group Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 115. Shenyang Yuanda Intellectual Industry Group Main Business and Markets Served
 Table 116. Shenyang Yuanda Intellectual Industry Group Recent Developments/Updates
 Table 117. Hebei Fengwei Machinery Manufacturing Traction Machine Company Information
 Table 118. Hebei Fengwei Machinery Manufacturing Traction Machine Specification and Application
 Table 119. Hebei Fengwei Machinery Manufacturing Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 120. Hebei Fengwei Machinery Manufacturing Main Business and Markets Served
 Table 121. Hebei Fengwei Machinery Manufacturing Recent Developments/Updates
 Table 122. Montanari Drive Technology Traction Machine Company Information
 Table 123. Montanari Drive Technology Traction Machine Specification and Application
 Table 124. Montanari Drive Technology Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 125. Montanari Drive Technology Main Business and Markets Served
 Table 126. Montanari Drive Technology Recent Developments/Updates
 Table 127. Zhejiang Xierk Elevator Parts Traction Machine Company Information
 Table 128. Zhejiang Xierk Elevator Parts Traction Machine Specification and Application
 Table 129. Zhejiang Xierk Elevator Parts Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 130. Zhejiang Xierk Elevator Parts Main Business and Markets Served
 Table 131. Zhejiang Xierk Elevator Parts Recent Developments/Updates
 Table 132. Ningbo Xinda Elevator Traction Technology Traction Machine Company Information
 Table 133. Ningbo Xinda Elevator Traction Technology Traction Machine Specification and Application
 Table 134. Ningbo Xinda Elevator Traction Technology Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 135. Ningbo Xinda Elevator Traction Technology Main Business and Markets Served
 Table 136. Ningbo Xinda Elevator Traction Technology Recent Developments/Updates
 Table 137. Cheng Day International Group Traction Machine Company Information
 Table 138. Cheng Day International Group Traction Machine Specification and Application
 Table 139. Cheng Day International Group Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 140. Cheng Day International Group Main Business and Markets Served
 Table 141. Cheng Day International Group Recent Developments/Updates
 Table 142. Suzhou BDFUJI Elevator Traction Machine Company Information
 Table 143. Suzhou BDFUJI Elevator Traction Machine Specification and Application
 Table 144. Suzhou BDFUJI Elevator Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 145. Suzhou BDFUJI Elevator Main Business and Markets Served
 Table 146. Suzhou BDFUJI Elevator Recent Developments/Updates
 Table 147. Suzhou Dazen Electromechanical Technology Traction Machine Company Information
 Table 148. Suzhou Dazen Electromechanical Technology Traction Machine Specification and Application
 Table 149. Suzhou Dazen Electromechanical Technology Traction Machine Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 150. Suzhou Dazen Electromechanical Technology Main Business and Markets Served
 Table 151. Suzhou Dazen Electromechanical Technology Recent Developments/Updates
 Table 152. Key Raw Materials Lists
 Table 153. Raw Materials Key Suppliers Lists
 Table 154. Traction Machine Distributors List
 Table 155. Traction Machine Customers List
 Table 156. Traction Machine Market Trends
 Table 157. Traction Machine Market Drivers
 Table 158. Traction Machine Market Challenges
 Table 159. Traction Machine Market Restraints
 Table 160. Research Programs/Design for This Report
 Table 161. Key Data Information from Secondary Sources
 Table 162. Key Data Information from Primary Sources
 Table 163. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Traction Machine
 Figure 2. Global Traction Machine Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Traction Machine Market Share by Type: 2024 VS 2031
 Figure 4. Geared Traction Machine Product Picture
 Figure 5. Gearless Traction Machine Product Picture
 Figure 6. Global Traction Machine Market Value by Installation Structure, (US$ Million) & (2020-2031)
 Figure 7. Global Traction Machine Market Share by Installation Structure: 2024 VS 2031
 Figure 8. Machine Room Traction Machine Product Picture
 Figure 9. Non Machine Room Traction Machine Product Picture
 Figure 10. Global Traction Machine Market Value by Motor Type, (US$ Million) & (2020-2031)
 Figure 11. Global Traction Machine Market Share by Motor Type: 2024 VS 2031
 Figure 12. DC Traction Machine Product Picture
 Figure 13. AC Traction Machine Product Picture
 Figure 14. Global Traction Machine Market Value by Application, (US$ Million) & (2020-2031)
 Figure 15. Global Traction Machine Market Share by Application: 2024 VS 2031
 Figure 16. Passenger Elevator
 Figure 17. Freight Elevator
 Figure 18. Home Lift
 Figure 19. Global Traction Machine Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 20. Global Traction Machine Production Value (US$ Million) & (2020-2031)
 Figure 21. Global Traction Machine Production Capacity (K Units) & (2020-2031)
 Figure 22. Global Traction Machine Production (K Units) & (2020-2031)
 Figure 23. Global Traction Machine Average Price (US$/Unit) & (2020-2031)
 Figure 24. Traction Machine Report Years Considered
 Figure 25. Traction Machine Production Share by Manufacturers in 2024
 Figure 26. Global Traction Machine Production Value Share by Manufacturers (2024)
 Figure 27. Traction Machine Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 28. The Global 5 and 10 Largest Players: Market Share by Traction Machine Revenue in 2024
 Figure 29. Global Traction Machine Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 30. Global Traction Machine Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 31. Global Traction Machine Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 32. Global Traction Machine Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 33. North America Traction Machine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 34. Europe Traction Machine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 35. China Traction Machine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 36. Japan Traction Machine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 37. Global Traction Machine Consumption by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 38. Global Traction Machine Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 39. North America Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 40. North America Traction Machine Consumption Market Share by Country (2020-2031)
 Figure 41. U.S. Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 42. Canada Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 43. Europe Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 44. Europe Traction Machine Consumption Market Share by Country (2020-2031)
 Figure 45. Germany Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 46. France Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 47. U.K. Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 48. Italy Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 49. Netherlands Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 50. Asia Pacific Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 51. Asia Pacific Traction Machine Consumption Market Share by Region (2020-2031)
 Figure 52. China Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 53. Japan Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 54. South Korea Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 55. China Taiwan Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 56. Southeast Asia Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 57. India Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 58. Latin America, Middle East & Africa Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 59. Latin America, Middle East & Africa Traction Machine Consumption Market Share by Country (2020-2031)
 Figure 60. Mexico Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 61. Brazil Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 62. Turkey Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 63. GCC Countries Traction Machine Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 64. Global Production Market Share of Traction Machine by Type (2020-2031)
 Figure 65. Global Production Value Market Share of Traction Machine by Type (2020-2031)
 Figure 66. Global Traction Machine Price (US$/Unit) by Type (2020-2031)
 Figure 67. Global Production Market Share of Traction Machine by Application (2020-2031)
 Figure 68. Global Production Value Market Share of Traction Machine by Application (2020-2031)
 Figure 69. Global Traction Machine Price (US$/Unit) by Application (2020-2031)
 Figure 70. Traction Machine Value Chain
 Figure 71. Channels of Distribution (Direct Vs Distribution)
 Figure 72. Bottom-up and Top-down Approaches for This Report
 Figure 73. Data Triangulation
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