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Global Elevator and Escalators Motor Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Elevator and Escalators Motor Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Ac Induction Motor
    • 1.3.3 Permanent-Magnet Synchronous Motor
    • 1.3.4 Hydraulic Pump Motor
  • 1.4 Market Analysis by Speed Class
    • 1.4.1 Overview: Global Elevator and Escalators Motor Consumption Value by Speed Class: 2021 Versus 2025 Versus 2032
    • 1.4.2 Low-Speed Motors (≤1.0 M/S)
    • 1.4.3 Mid-Speed Motors (1.0–2.5 M/S)
    • 1.4.4 High-Speed Motors (2.5–4.0 M/S)
    • 1.4.5 Ultra-High-Speed Motors (>4.0 M/S)
  • 1.5 Market Analysis by Installation Configuration
    • 1.5.1 Overview: Global Elevator and Escalators Motor Consumption Value by Installation Configuration: 2021 Versus 2025 Versus 2032
    • 1.5.2 Machine-Room Type Motors
    • 1.5.3 Machine-Room-Less Compact Gearless Motors
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global Elevator and Escalators Motor Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Passenger Elevator
    • 1.6.3 Freight Elevator
    • 1.6.4 Others
  • 1.7 Global Elevator and Escalators Motor Market Size & Forecast
    • 1.7.1 Global Elevator and Escalators Motor Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global Elevator and Escalators Motor Sales Quantity (2021-2032)
    • 1.7.3 Global Elevator and Escalators Motor Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 WEG
    • 2.1.1 WEG Details
    • 2.1.2 WEG Major Business
    • 2.1.3 WEG Elevator and Escalators Motor Product and Services
    • 2.1.4 WEG Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 WEG Recent Developments/Updates
  • 2.2 ABB
    • 2.2.1 ABB Details
    • 2.2.2 ABB Major Business
    • 2.2.3 ABB Elevator and Escalators Motor Product and Services
    • 2.2.4 ABB Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 ABB Recent Developments/Updates
  • 2.3 Schneider Electric
    • 2.3.1 Schneider Electric Details
    • 2.3.2 Schneider Electric Major Business
    • 2.3.3 Schneider Electric Elevator and Escalators Motor Product and Services
    • 2.3.4 Schneider Electric Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Schneider Electric Recent Developments/Updates
  • 2.4 Siemens
    • 2.4.1 Siemens Details
    • 2.4.2 Siemens Major Business
    • 2.4.3 Siemens Elevator and Escalators Motor Product and Services
    • 2.4.4 Siemens Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Siemens Recent Developments/Updates
  • 2.5 Toshiba
    • 2.5.1 Toshiba Details
    • 2.5.2 Toshiba Major Business
    • 2.5.3 Toshiba Elevator and Escalators Motor Product and Services
    • 2.5.4 Toshiba Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Toshiba Recent Developments/Updates
  • 2.6 Danfoss
    • 2.6.1 Danfoss Details
    • 2.6.2 Danfoss Major Business
    • 2.6.3 Danfoss Elevator and Escalators Motor Product and Services
    • 2.6.4 Danfoss Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Danfoss Recent Developments/Updates
  • 2.7 Wittur Group
    • 2.7.1 Wittur Group Details
    • 2.7.2 Wittur Group Major Business
    • 2.7.3 Wittur Group Elevator and Escalators Motor Product and Services
    • 2.7.4 Wittur Group Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Wittur Group Recent Developments/Updates
  • 2.8 ZIEHL-ABEGG
    • 2.8.1 ZIEHL-ABEGG Details
    • 2.8.2 ZIEHL-ABEGG Major Business
    • 2.8.3 ZIEHL-ABEGG Elevator and Escalators Motor Product and Services
    • 2.8.4 ZIEHL-ABEGG Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 ZIEHL-ABEGG Recent Developments/Updates
  • 2.9 NIDEC
    • 2.9.1 NIDEC Details
    • 2.9.2 NIDEC Major Business
    • 2.9.3 NIDEC Elevator and Escalators Motor Product and Services
    • 2.9.4 NIDEC Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 NIDEC Recent Developments/Updates
  • 2.10 Columbus McKinnon
    • 2.10.1 Columbus McKinnon Details
    • 2.10.2 Columbus McKinnon Major Business
    • 2.10.3 Columbus McKinnon Elevator and Escalators Motor Product and Services
    • 2.10.4 Columbus McKinnon Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Columbus McKinnon Recent Developments/Updates
  • 2.11 Inovance
    • 2.11.1 Inovance Details
    • 2.11.2 Inovance Major Business
    • 2.11.3 Inovance Elevator and Escalators Motor Product and Services
    • 2.11.4 Inovance Elevator and Escalators Motor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Inovance Recent Developments/Updates

3 Competitive Environment: Elevator and Escalators Motor by Manufacturer

  • 3.1 Global Elevator and Escalators Motor Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Elevator and Escalators Motor Revenue by Manufacturer (2021-2026)
  • 3.3 Global Elevator and Escalators Motor Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Elevator and Escalators Motor by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Elevator and Escalators Motor Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Elevator and Escalators Motor Manufacturer Market Share in 2025
  • 3.5 Elevator and Escalators Motor Market: Overall Company Footprint Analysis
    • 3.5.1 Elevator and Escalators Motor Market: Region Footprint
    • 3.5.2 Elevator and Escalators Motor Market: Company Product Type Footprint
    • 3.5.3 Elevator and Escalators Motor Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Elevator and Escalators Motor Market Size by Region
    • 4.1.1 Global Elevator and Escalators Motor Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Elevator and Escalators Motor Consumption Value by Region (2021-2032)
    • 4.1.3 Global Elevator and Escalators Motor Average Price by Region (2021-2032)
  • 4.2 North America Elevator and Escalators Motor Consumption Value (2021-2032)
  • 4.3 Europe Elevator and Escalators Motor Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Elevator and Escalators Motor Consumption Value (2021-2032)
  • 4.5 South America Elevator and Escalators Motor Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Elevator and Escalators Motor Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 5.2 Global Elevator and Escalators Motor Consumption Value by Type (2021-2032)
  • 5.3 Global Elevator and Escalators Motor Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 6.2 Global Elevator and Escalators Motor Consumption Value by Application (2021-2032)
  • 6.3 Global Elevator and Escalators Motor Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 7.2 North America Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 7.3 North America Elevator and Escalators Motor Market Size by Country
    • 7.3.1 North America Elevator and Escalators Motor Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Elevator and Escalators Motor Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 8.2 Europe Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 8.3 Europe Elevator and Escalators Motor Market Size by Country
    • 8.3.1 Europe Elevator and Escalators Motor Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Elevator and Escalators Motor Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Elevator and Escalators Motor Market Size by Region
    • 9.3.1 Asia-Pacific Elevator and Escalators Motor Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Elevator and Escalators Motor Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 10.2 South America Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 10.3 South America Elevator and Escalators Motor Market Size by Country
    • 10.3.1 South America Elevator and Escalators Motor Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Elevator and Escalators Motor Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Elevator and Escalators Motor Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Elevator and Escalators Motor Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Elevator and Escalators Motor Market Size by Country
    • 11.3.1 Middle East & Africa Elevator and Escalators Motor Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Elevator and Escalators Motor Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Elevator and Escalators Motor Market Drivers
  • 12.2 Elevator and Escalators Motor Market Restraints
  • 12.3 Elevator and Escalators Motor Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Elevator and Escalators Motor and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Elevator and Escalators Motor
  • 13.3 Elevator and Escalators Motor Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Elevator and Escalators Motor Typical Distributors
  • 14.3 Elevator and Escalators Motor Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Elevator and Escalators Motor market size was valued at US$ 1596 million in 2025 and is forecast to a readjusted size of US$ 2185 million by 2032 with a CAGR of 4.5% during review period.
    Elevator and escalator motors are specialized electromechanical drive units that convert electrical energy into rotational power to move elevator cars vertically and escalator steps or moving walkways horizontally/inclined; they include traction motors, permanent-magnet synchronous motors (PMSM), geared induction motors, and high-efficiency escalator step-chain motors designed for continuous duty, high torque, low noise, precise speed control, and compliance with global elevator and escalator safety and performance standards.
    The elevator and escalator motor industry chain starts upstream with suppliers of electrical steel laminations, copper wire, permanent magnets, power semiconductor modules, gear materials, cast housings, and bearings; midstream manufacturers design and produce traction motors, PMSM units, escalator chain-drive motors, and hydraulic pump motors through processes including winding, machining, magnet assembly, gear production, balancing, and drive integration; downstream, elevator and escalator OEMs, modernization contractors, and service companies deploy these motors in residential, commercial, industrial, and transportation infrastructure projects, with long-term aftermarket demand driven by modernization of aging equipment and continuous maintenance cycles.
    Elevator and escalator motors are being deployed across major global projects including high-rise commercial and residential towers in China, India, and the Middle East, airport and metro expansions in Southeast Asia, Europe, and North America, large retail malls and mixed-use developments in Turkey, UAE, and Indonesia, and modernization programs in Japan, South Korea, the US, and Western Europe that replace older geared motors with high-efficiency PMSM units; planned smart-city districts, transit stations, and logistics hubs worldwide also specify heavy-duty escalator motors and moving walk systems to support increasing passenger flows and energy-efficient urban mobility demands.
    2025 Global Market sales Volume: 5.5 million units, Average Global Market Price: USD 282 per unit, Market Average Gross Profit Margin: 22%.
    This report is a detailed and comprehensive analysis for global Elevator and Escalators Motor market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Elevator and Escalators Motor market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
    Global Elevator and Escalators Motor market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
    Global Elevator and Escalators Motor market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
    Global Elevator and Escalators Motor market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Elevator and Escalators Motor
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Elevator and Escalators Motor market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include WEG, ABB, Schneider Electric, Siemens, Toshiba, Danfoss, Wittur Group, ZIEHL-ABEGG, NIDEC, Columbus McKinnon, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Elevator and Escalators Motor market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Ac Induction Motor
    Permanent-Magnet Synchronous Motor
    Hydraulic Pump Motor
    Market segment by Speed Class
    Low-Speed Motors (≤1.0 M/S)
    Mid-Speed Motors (1.0–2.5 M/S)
    High-Speed Motors (2.5–4.0 M/S)
    Ultra-High-Speed Motors (>4.0 M/S)
    Market segment by Installation Configuration
    Machine-Room Type Motors
    Machine-Room-Less Compact Gearless Motors
    Market segment by Application
    Passenger Elevator
    Freight Elevator
    Others
    Major players covered
    WEG
    ABB
    Schneider Electric
    Siemens
    Toshiba
    Danfoss
    Wittur Group
    ZIEHL-ABEGG
    NIDEC
    Columbus McKinnon
    Inovance
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Elevator and Escalators Motor product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Elevator and Escalators Motor, with price, sales quantity, revenue, and global market share of Elevator and Escalators Motor from 2021 to 2026.
    Chapter 3, the Elevator and Escalators Motor competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Elevator and Escalators Motor breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Elevator and Escalators Motor market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator and Escalators Motor.
    Chapter 14 and 15, to describe Elevator and Escalators Motor sales channel, distributors, customers, research findings and conclusion.

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