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Machinery & Equipment Global Elevator Drive Components Market 2026 by Company, Regions, Type and Application, Forecast to 2032

  • RnM4671633
    • |
  • 10 February, 2026
    • |
  • Global
    • |
  • 111 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Elevator Drive Components market size was valued at US$ million in 2025 and is forecast to a readjusted size of US$ million by 2032 with a CAGR of %during review period.
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%.
This report is a detailed and comprehensive analysis for global Elevator Drive Components market. Both quantitative and qualitative analyses are presented by company, 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 Drive Components market size and forecasts, in consumption value ($ Million), 2021-2032
Global Elevator Drive Components market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Elevator Drive Components market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Elevator Drive Components market shares of main players, in revenue ($ Million), 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 Drive Components
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 Drive Components market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Inovance, NIDEC, Wittur Group, Bauer Gear Motor, Bucher Hydraulics, SynMatic, Chr. Mayr GmbH + Co. KG, ZIEHL-ABEGG, Columbus McKinnon, WEG, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Elevator Drive Components 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. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Traction Drive
Hydraulic Drive
Market segment by Motor Transmission Type
Geared Traction Machine
Gearless Permanent-Magnet Synchronous Traction Machine
Market 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)
Market segment by Application
Passenger Elevator
Freight Elevator
Others
Market segment by players, this report covers
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
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Elevator Drive Components product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Elevator Drive Components, with revenue, gross margin, and global market share of Elevator Drive Components from 2021 to 2026.
Chapter 3, the Elevator Drive Components competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Elevator Drive Components market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Elevator Drive Components.
Chapter 13, to describe Elevator Drive Components research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Elevator Drive Components by Type
    • 1.3.1 Overview: Global Elevator Drive Components Market Size by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Global Elevator Drive Components Consumption Value Market Share by Type in 2025
    • 1.3.3 Traction Drive
    • 1.3.4 Hydraulic Drive
  • 1.4 Classification of Elevator Drive Components by Motor Transmission Type
    • 1.4.1 Overview: Global Elevator Drive Components Market Size by Motor Transmission Type: 2021 Versus 2025 Versus 2032
    • 1.4.2 Global Elevator Drive Components Consumption Value Market Share by Motor Transmission Type in 2025
    • 1.4.3 Geared Traction Machine
    • 1.4.4 Gearless Permanent-Magnet Synchronous Traction Machine
  • 1.5 Classification of Elevator Drive Components by Speed Class
    • 1.5.1 Overview: Global Elevator Drive Components Market Size by Speed Class: 2021 Versus 2025 Versus 2032
    • 1.5.2 Global Elevator Drive Components Consumption Value Market Share by Speed Class in 2025
    • 1.5.3 Low-Speed, Low-Rise Drives (≤1.0 M/S)
    • 1.5.4 Mid-Speed Drives (1.0–2.5 M/S)
    • 1.5.5 High-Speed Drives (2.6–4.0 M/S)
    • 1.5.6 Ultra-High-Speed Drives (>4.0 M/S)
  • 1.6 Global Elevator Drive Components Market by Application
    • 1.6.1 Overview: Global Elevator Drive Components Market Size 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 Drive Components Market Size & Forecast
  • 1.8 Global Elevator Drive Components Market Size and Forecast by Region
    • 1.8.1 Global Elevator Drive Components Market Size by Region: 2021 VS 2025 VS 2032
    • 1.8.2 Global Elevator Drive Components Market Size by Region, (2021-2032)
    • 1.8.3 North America Elevator Drive Components Market Size and Prospect (2021-2032)
    • 1.8.4 Europe Elevator Drive Components Market Size and Prospect (2021-2032)
    • 1.8.5 Asia-Pacific Elevator Drive Components Market Size and Prospect (2021-2032)
    • 1.8.6 South America Elevator Drive Components Market Size and Prospect (2021-2032)
    • 1.8.7 Middle East & Africa Elevator Drive Components Market Size and Prospect (2021-2032)

2 Company Profiles

  • 2.1 Inovance
    • 2.1.1 Inovance Details
    • 2.1.2 Inovance Major Business
    • 2.1.3 Inovance Elevator Drive Components Product and Solutions
    • 2.1.4 Inovance Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Inovance Recent Developments and Future Plans
  • 2.2 NIDEC
    • 2.2.1 NIDEC Details
    • 2.2.2 NIDEC Major Business
    • 2.2.3 NIDEC Elevator Drive Components Product and Solutions
    • 2.2.4 NIDEC Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 NIDEC Recent Developments and Future Plans
  • 2.3 Wittur Group
    • 2.3.1 Wittur Group Details
    • 2.3.2 Wittur Group Major Business
    • 2.3.3 Wittur Group Elevator Drive Components Product and Solutions
    • 2.3.4 Wittur Group Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Wittur Group Recent Developments and Future Plans
  • 2.4 Bauer Gear Motor
    • 2.4.1 Bauer Gear Motor Details
    • 2.4.2 Bauer Gear Motor Major Business
    • 2.4.3 Bauer Gear Motor Elevator Drive Components Product and Solutions
    • 2.4.4 Bauer Gear Motor Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Bauer Gear Motor Recent Developments and Future Plans
  • 2.5 Bucher Hydraulics
    • 2.5.1 Bucher Hydraulics Details
    • 2.5.2 Bucher Hydraulics Major Business
    • 2.5.3 Bucher Hydraulics Elevator Drive Components Product and Solutions
    • 2.5.4 Bucher Hydraulics Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Bucher Hydraulics Recent Developments and Future Plans
  • 2.6 SynMatic
    • 2.6.1 SynMatic Details
    • 2.6.2 SynMatic Major Business
    • 2.6.3 SynMatic Elevator Drive Components Product and Solutions
    • 2.6.4 SynMatic Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 SynMatic Recent Developments and Future Plans
  • 2.7 Chr. Mayr GmbH + Co. KG
    • 2.7.1 Chr. Mayr GmbH + Co. KG Details
    • 2.7.2 Chr. Mayr GmbH + Co. KG Major Business
    • 2.7.3 Chr. Mayr GmbH + Co. KG Elevator Drive Components Product and Solutions
    • 2.7.4 Chr. Mayr GmbH + Co. KG Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Chr. Mayr GmbH + Co. KG Recent Developments and Future Plans
  • 2.8 ZIEHL-ABEGG
    • 2.8.1 ZIEHL-ABEGG Details
    • 2.8.2 ZIEHL-ABEGG Major Business
    • 2.8.3 ZIEHL-ABEGG Elevator Drive Components Product and Solutions
    • 2.8.4 ZIEHL-ABEGG Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 ZIEHL-ABEGG Recent Developments and Future Plans
  • 2.9 Columbus McKinnon
    • 2.9.1 Columbus McKinnon Details
    • 2.9.2 Columbus McKinnon Major Business
    • 2.9.3 Columbus McKinnon Elevator Drive Components Product and Solutions
    • 2.9.4 Columbus McKinnon Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Columbus McKinnon Recent Developments and Future Plans
  • 2.10 WEG
    • 2.10.1 WEG Details
    • 2.10.2 WEG Major Business
    • 2.10.3 WEG Elevator Drive Components Product and Solutions
    • 2.10.4 WEG Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 WEG Recent Developments and Future Plans
  • 2.11 ABB
    • 2.11.1 ABB Details
    • 2.11.2 ABB Major Business
    • 2.11.3 ABB Elevator Drive Components Product and Solutions
    • 2.11.4 ABB Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 ABB Recent Developments and Future Plans
  • 2.12 Schneider Electric
    • 2.12.1 Schneider Electric Details
    • 2.12.2 Schneider Electric Major Business
    • 2.12.3 Schneider Electric Elevator Drive Components Product and Solutions
    • 2.12.4 Schneider Electric Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Schneider Electric Recent Developments and Future Plans
  • 2.13 Siemens
    • 2.13.1 Siemens Details
    • 2.13.2 Siemens Major Business
    • 2.13.3 Siemens Elevator Drive Components Product and Solutions
    • 2.13.4 Siemens Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Siemens Recent Developments and Future Plans
  • 2.14 Toshiba
    • 2.14.1 Toshiba Details
    • 2.14.2 Toshiba Major Business
    • 2.14.3 Toshiba Elevator Drive Components Product and Solutions
    • 2.14.4 Toshiba Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Toshiba Recent Developments and Future Plans
  • 2.15 Danfoss
    • 2.15.1 Danfoss Details
    • 2.15.2 Danfoss Major Business
    • 2.15.3 Danfoss Elevator Drive Components Product and Solutions
    • 2.15.4 Danfoss Elevator Drive Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Danfoss Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Elevator Drive Components Revenue and Share by Players (2021-2026)
  • 3.2 Market Share Analysis (2025)
    • 3.2.1 Market Share of Elevator Drive Components by Company Revenue
    • 3.2.2 Top 3 Elevator Drive Components Players Market Share in 2025
    • 3.2.3 Top 6 Elevator Drive Components Players Market Share in 2025
  • 3.3 Elevator Drive Components Market: Overall Company Footprint Analysis
    • 3.3.1 Elevator Drive Components Market: Region Footprint
    • 3.3.2 Elevator Drive Components Market: Company Product Type Footprint
    • 3.3.3 Elevator Drive Components Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Elevator Drive Components Consumption Value and Market Share by Type (2021-2026)
  • 4.2 Global Elevator Drive Components Market Forecast by Type (2027-2032)

5 Market Size Segment by Application

  • 5.1 Global Elevator Drive Components Consumption Value Market Share by Application (2021-2026)
  • 5.2 Global Elevator Drive Components Market Forecast by Application (2027-2032)

6 North America

  • 6.1 North America Elevator Drive Components Consumption Value by Type (2021-2032)
  • 6.2 North America Elevator Drive Components Market Size by Application (2021-2032)
  • 6.3 North America Elevator Drive Components Market Size by Country
    • 6.3.1 North America Elevator Drive Components Consumption Value by Country (2021-2032)
    • 6.3.2 United States Elevator Drive Components Market Size and Forecast (2021-2032)
    • 6.3.3 Canada Elevator Drive Components Market Size and Forecast (2021-2032)
    • 6.3.4 Mexico Elevator Drive Components Market Size and Forecast (2021-2032)

7 Europe

  • 7.1 Europe Elevator Drive Components Consumption Value by Type (2021-2032)
  • 7.2 Europe Elevator Drive Components Consumption Value by Application (2021-2032)
  • 7.3 Europe Elevator Drive Components Market Size by Country
    • 7.3.1 Europe Elevator Drive Components Consumption Value by Country (2021-2032)
    • 7.3.2 Germany Elevator Drive Components Market Size and Forecast (2021-2032)
    • 7.3.3 France Elevator Drive Components Market Size and Forecast (2021-2032)
    • 7.3.4 United Kingdom Elevator Drive Components Market Size and Forecast (2021-2032)
    • 7.3.5 Russia Elevator Drive Components Market Size and Forecast (2021-2032)
    • 7.3.6 Italy Elevator Drive Components Market Size and Forecast (2021-2032)

8 Asia-Pacific

  • 8.1 Asia-Pacific Elevator Drive Components Consumption Value by Type (2021-2032)
  • 8.2 Asia-Pacific Elevator Drive Components Consumption Value by Application (2021-2032)
  • 8.3 Asia-Pacific Elevator Drive Components Market Size by Region
    • 8.3.1 Asia-Pacific Elevator Drive Components Consumption Value by Region (2021-2032)
    • 8.3.2 China Elevator Drive Components Market Size and Forecast (2021-2032)
    • 8.3.3 Japan Elevator Drive Components Market Size and Forecast (2021-2032)
    • 8.3.4 South Korea Elevator Drive Components Market Size and Forecast (2021-2032)
    • 8.3.5 India Elevator Drive Components Market Size and Forecast (2021-2032)
    • 8.3.6 Southeast Asia Elevator Drive Components Market Size and Forecast (2021-2032)
    • 8.3.7 Australia Elevator Drive Components Market Size and Forecast (2021-2032)

9 South America

  • 9.1 South America Elevator Drive Components Consumption Value by Type (2021-2032)
  • 9.2 South America Elevator Drive Components Consumption Value by Application (2021-2032)
  • 9.3 South America Elevator Drive Components Market Size by Country
    • 9.3.1 South America Elevator Drive Components Consumption Value by Country (2021-2032)
    • 9.3.2 Brazil Elevator Drive Components Market Size and Forecast (2021-2032)
    • 9.3.3 Argentina Elevator Drive Components Market Size and Forecast (2021-2032)

10 Middle East & Africa

  • 10.1 Middle East & Africa Elevator Drive Components Consumption Value by Type (2021-2032)
  • 10.2 Middle East & Africa Elevator Drive Components Consumption Value by Application (2021-2032)
  • 10.3 Middle East & Africa Elevator Drive Components Market Size by Country
    • 10.3.1 Middle East & Africa Elevator Drive Components Consumption Value by Country (2021-2032)
    • 10.3.2 Turkey Elevator Drive Components Market Size and Forecast (2021-2032)
    • 10.3.3 Saudi Arabia Elevator Drive Components Market Size and Forecast (2021-2032)
    • 10.3.4 UAE Elevator Drive Components Market Size and Forecast (2021-2032)

11 Market Dynamics

  • 11.1 Elevator Drive Components Market Drivers
  • 11.2 Elevator Drive Components Market Restraints
  • 11.3 Elevator Drive Components Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Elevator Drive Components Industry Chain
  • 12.2 Elevator Drive Components Upstream Analysis
  • 12.3 Elevator Drive Components Midstream Analysis
  • 12.4 Elevator Drive Components Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Elevator Drive Components. Industry analysis & Market Report on Elevator Drive Components is a syndicated market report, published as Global Elevator Drive Components Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Elevator Drive Components market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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