Elevator Drive Components Market Report – Research, Industry Analysis Reports and Market Demands

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

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Table of Content

1 Market Overview

2 Company Profiles

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

Description

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.

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