Report Detail
Global Passenger Elevators Supply, Demand and Key Producers, 2026-2032
- RnM4667218 |
- 22 January, 2026 |
- Global |
- 165 Pages |
- GIR |
- Machinery & Equipment
The global Passenger Elevators market size is expected to reach $ 58310 million by 2032, rising at a market growth of 4.3% CAGR during the forecast period (2026-2032).
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This report studies Passenger Elevators.
Global Passenger Elevators key players include Kone, Otis, Schindler, etc. Global top 3 manufacturers hold a share over 42%.
Asia-Pacific is the largest market, with a sales market share about 85%, followed by Europe, and North America, both have a sales market share about 12 percent.
In terms of product, Elevator is the largest segment, with a share over 87%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub and Industrial Area.
This report studies the global Passenger Elevators production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Passenger Elevators and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Passenger Elevators that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Passenger Elevators total production and demand, 2021-2032, (K Units)
Global Passenger Elevators total production value, 2021-2032, (USD Million)
Global Passenger Elevators production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Passenger Elevators consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Passenger Elevators domestic production, consumption, key domestic manufacturers and share
Global Passenger Elevators production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Passenger Elevators production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Passenger Elevators production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Passenger Elevators market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kone, Otis, Schindler, ThyssenKrupp, Mitsubishi Electric, Hitachi, Toshiba, Hyundai, Fujitec, Hangzhou XiOlift, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Passenger Elevators market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Passenger Elevators Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Passenger Elevators Market, Segmentation by Type:
Elevator
Escalator
Moving Walkway
Global Passenger Elevators Market, Segmentation by Application:
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Companies Profiled:
Kone
Otis
Schindler
ThyssenKrupp
Mitsubishi Electric
Hitachi
Toshiba
Hyundai
Fujitec
Hangzhou XiOlift
Volkslift
Yungtay Engineering
Canny Elevator
SJEC
Guangri Elevator
Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE Elevators
CNYD
Syney Elevator
Dongnan Elevator
Key Questions Answered:
1. How big is the global Passenger Elevators market?
2. What is the demand of the global Passenger Elevators market?
3. What is the year over year growth of the global Passenger Elevators market?
4. What is the production and production value of the global Passenger Elevators market?
5. Who are the key producers in the global Passenger Elevators market?
6. What are the growth factors driving the market demand?
1 Supply Summary
- 1.1 Passenger Elevators Introduction
- 1.2 World Passenger Elevators Supply & Forecast
- 1.2.1 World Passenger Elevators Production Value (2021 & 2025 & 2032)
- 1.2.2 World Passenger Elevators Production (2021-2032)
- 1.2.3 World Passenger Elevators Pricing Trends (2021-2032)
- 1.3 World Passenger Elevators Production by Region (Based on Production Site)
- 1.3.1 World Passenger Elevators Production Value by Region (2021-2032)
- 1.3.2 World Passenger Elevators Production by Region (2021-2032)
- 1.3.3 World Passenger Elevators Average Price by Region (2021-2032)
- 1.3.4 North America Passenger Elevators Production (2021-2032)
- 1.3.5 Europe Passenger Elevators Production (2021-2032)
- 1.3.6 China Passenger Elevators Production (2021-2032)
- 1.3.7 Japan Passenger Elevators Production (2021-2032)
- 1.3.8 South Korea Passenger Elevators Production (2021-2032)
- 1.4 Market Drivers, Restraints and Trends
- 1.4.1 Passenger Elevators Market Drivers
- 1.4.2 Factors Affecting Demand
- 1.4.3 Passenger Elevators Major Market Trends
2 Demand Summary
- 2.1 World Passenger Elevators Demand (2021-2032)
- 2.2 World Passenger Elevators Consumption by Region
- 2.2.1 World Passenger Elevators Consumption by Region (2021-2026)
- 2.2.2 World Passenger Elevators Consumption Forecast by Region (2027-2032)
- 2.3 United States Passenger Elevators Consumption (2021-2032)
- 2.4 China Passenger Elevators Consumption (2021-2032)
- 2.5 Europe Passenger Elevators Consumption (2021-2032)
- 2.6 Japan Passenger Elevators Consumption (2021-2032)
- 2.7 South Korea Passenger Elevators Consumption (2021-2032)
- 2.8 ASEAN Passenger Elevators Consumption (2021-2032)
- 2.9 India Passenger Elevators Consumption (2021-2032)
3 World Manufacturers Competitive Analysis
- 3.1 World Passenger Elevators Production Value by Manufacturer (2021-2026)
- 3.2 World Passenger Elevators Production by Manufacturer (2021-2026)
- 3.3 World Passenger Elevators Average Price by Manufacturer (2021-2026)
- 3.4 Passenger Elevators Company Evaluation Quadrant
- 3.5 Industry Rank and Concentration Rate (CR)
- 3.5.1 Global Passenger Elevators Industry Rank of Major Manufacturers
- 3.5.2 Global Concentration Ratios (CR4) for Passenger Elevators in 2025
- 3.5.3 Global Concentration Ratios (CR8) for Passenger Elevators in 2025
- 3.6 Passenger Elevators Market: Overall Company Footprint Analysis
- 3.6.1 Passenger Elevators Market: Region Footprint
- 3.6.2 Passenger Elevators Market: Company Product Type Footprint
- 3.6.3 Passenger Elevators Market: Company Product Application Footprint
- 3.7 Competitive Environment
- 3.7.1 Historical Structure of the Industry
- 3.7.2 Barriers of Market Entry
- 3.7.3 Factors of Competition
- 3.8 New Entrant and Capacity Expansion Plans
- 3.9 Mergers, Acquisition, Agreements, and Collaborations
4 United States VS China VS Rest of the World
- 4.1 United States VS China: Passenger Elevators Production Value Comparison
- 4.1.1 United States VS China: Passenger Elevators Production Value Comparison (2021 & 2025 & 2032)
- 4.1.2 United States VS China: Passenger Elevators Production Value Market Share Comparison (2021 & 2025 & 2032)
- 4.2 United States VS China: Passenger Elevators Production Comparison
- 4.2.1 United States VS China: Passenger Elevators Production Comparison (2021 & 2025 & 2032)
- 4.2.2 United States VS China: Passenger Elevators Production Market Share Comparison (2021 & 2025 & 2032)
- 4.3 United States VS China: Passenger Elevators Consumption Comparison
- 4.3.1 United States VS China: Passenger Elevators Consumption Comparison (2021 & 2025 & 2032)
- 4.3.2 United States VS China: Passenger Elevators Consumption Market Share Comparison (2021 & 2025 & 2032)
- 4.4 United States Based Passenger Elevators Manufacturers and Market Share, 2021-2026
- 4.4.1 United States Based Passenger Elevators Manufacturers, Headquarters and Production Site (States, Country)
- 4.4.2 United States Based Manufacturers Passenger Elevators Production Value (2021-2026)
- 4.4.3 United States Based Manufacturers Passenger Elevators Production (2021-2026)
- 4.5 China Based Passenger Elevators Manufacturers and Market Share
- 4.5.1 China Based Passenger Elevators Manufacturers, Headquarters and Production Site (Province, Country)
- 4.5.2 China Based Manufacturers Passenger Elevators Production Value (2021-2026)
- 4.5.3 China Based Manufacturers Passenger Elevators Production (2021-2026)
- 4.6 Rest of World Based Passenger Elevators Manufacturers and Market Share, 2021-2026
- 4.6.1 Rest of World Based Passenger Elevators Manufacturers, Headquarters and Production Site (State, Country)
- 4.6.2 Rest of World Based Manufacturers Passenger Elevators Production Value (2021-2026)
- 4.6.3 Rest of World Based Manufacturers Passenger Elevators Production (2021-2026)
5 Market Analysis by Type
- 5.1 World Passenger Elevators Market Size Overview by Type: 2021 VS 2025 VS 2032
- 5.2 Segment Introduction by Type
- 5.2.1 Elevator
- 5.2.2 Escalator
- 5.2.3 Moving Walkway
- 5.3 Market Segment by Type
- 5.3.1 World Passenger Elevators Production by Type (2021-2032)
- 5.3.2 World Passenger Elevators Production Value by Type (2021-2032)
- 5.3.3 World Passenger Elevators Average Price by Type (2021-2032)
6 Market Analysis by Application
- 6.1 World Passenger Elevators Market Size Overview by Application: 2021 VS 2025 VS 2032
- 6.2 Segment Introduction by Application
- 6.2.1 Residential Area
- 6.2.2 Commercial Office
- 6.2.3 Transportation Hub
- 6.2.4 Industrial Area
- 6.3 Market Segment by Application
- 6.3.1 World Passenger Elevators Production by Application (2021-2032)
- 6.3.2 World Passenger Elevators Production Value by Application (2021-2032)
- 6.3.3 World Passenger Elevators Average Price by Application (2021-2032)
7 Company Profiles
- 7.1 Kone
- 7.1.1 Kone Details
- 7.1.2 Kone Major Business
- 7.1.3 Kone Passenger Elevators Product and Services
- 7.1.4 Kone Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.1.5 Kone Recent Developments/Updates
- 7.1.6 Kone Competitive Strengths & Weaknesses
- 7.2 Otis
- 7.2.1 Otis Details
- 7.2.2 Otis Major Business
- 7.2.3 Otis Passenger Elevators Product and Services
- 7.2.4 Otis Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.2.5 Otis Recent Developments/Updates
- 7.2.6 Otis Competitive Strengths & Weaknesses
- 7.3 Schindler
- 7.3.1 Schindler Details
- 7.3.2 Schindler Major Business
- 7.3.3 Schindler Passenger Elevators Product and Services
- 7.3.4 Schindler Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.3.5 Schindler Recent Developments/Updates
- 7.3.6 Schindler Competitive Strengths & Weaknesses
- 7.4 ThyssenKrupp
- 7.4.1 ThyssenKrupp Details
- 7.4.2 ThyssenKrupp Major Business
- 7.4.3 ThyssenKrupp Passenger Elevators Product and Services
- 7.4.4 ThyssenKrupp Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.4.5 ThyssenKrupp Recent Developments/Updates
- 7.4.6 ThyssenKrupp Competitive Strengths & Weaknesses
- 7.5 Mitsubishi Electric
- 7.5.1 Mitsubishi Electric Details
- 7.5.2 Mitsubishi Electric Major Business
- 7.5.3 Mitsubishi Electric Passenger Elevators Product and Services
- 7.5.4 Mitsubishi Electric Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.5.5 Mitsubishi Electric Recent Developments/Updates
- 7.5.6 Mitsubishi Electric Competitive Strengths & Weaknesses
- 7.6 Hitachi
- 7.6.1 Hitachi Details
- 7.6.2 Hitachi Major Business
- 7.6.3 Hitachi Passenger Elevators Product and Services
- 7.6.4 Hitachi Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.6.5 Hitachi Recent Developments/Updates
- 7.6.6 Hitachi Competitive Strengths & Weaknesses
- 7.7 Toshiba
- 7.7.1 Toshiba Details
- 7.7.2 Toshiba Major Business
- 7.7.3 Toshiba Passenger Elevators Product and Services
- 7.7.4 Toshiba Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.7.5 Toshiba Recent Developments/Updates
- 7.7.6 Toshiba Competitive Strengths & Weaknesses
- 7.8 Hyundai
- 7.8.1 Hyundai Details
- 7.8.2 Hyundai Major Business
- 7.8.3 Hyundai Passenger Elevators Product and Services
- 7.8.4 Hyundai Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.8.5 Hyundai Recent Developments/Updates
- 7.8.6 Hyundai Competitive Strengths & Weaknesses
- 7.9 Fujitec
- 7.9.1 Fujitec Details
- 7.9.2 Fujitec Major Business
- 7.9.3 Fujitec Passenger Elevators Product and Services
- 7.9.4 Fujitec Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.9.5 Fujitec Recent Developments/Updates
- 7.9.6 Fujitec Competitive Strengths & Weaknesses
- 7.10 Hangzhou XiOlift
- 7.10.1 Hangzhou XiOlift Details
- 7.10.2 Hangzhou XiOlift Major Business
- 7.10.3 Hangzhou XiOlift Passenger Elevators Product and Services
- 7.10.4 Hangzhou XiOlift Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.10.5 Hangzhou XiOlift Recent Developments/Updates
- 7.10.6 Hangzhou XiOlift Competitive Strengths & Weaknesses
- 7.11 Volkslift
- 7.11.1 Volkslift Details
- 7.11.2 Volkslift Major Business
- 7.11.3 Volkslift Passenger Elevators Product and Services
- 7.11.4 Volkslift Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.11.5 Volkslift Recent Developments/Updates
- 7.11.6 Volkslift Competitive Strengths & Weaknesses
- 7.12 Yungtay Engineering
- 7.12.1 Yungtay Engineering Details
- 7.12.2 Yungtay Engineering Major Business
- 7.12.3 Yungtay Engineering Passenger Elevators Product and Services
- 7.12.4 Yungtay Engineering Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.12.5 Yungtay Engineering Recent Developments/Updates
- 7.12.6 Yungtay Engineering Competitive Strengths & Weaknesses
- 7.13 Canny Elevator
- 7.13.1 Canny Elevator Details
- 7.13.2 Canny Elevator Major Business
- 7.13.3 Canny Elevator Passenger Elevators Product and Services
- 7.13.4 Canny Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.13.5 Canny Elevator Recent Developments/Updates
- 7.13.6 Canny Elevator Competitive Strengths & Weaknesses
- 7.14 SJEC
- 7.14.1 SJEC Details
- 7.14.2 SJEC Major Business
- 7.14.3 SJEC Passenger Elevators Product and Services
- 7.14.4 SJEC Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.14.5 SJEC Recent Developments/Updates
- 7.14.6 SJEC Competitive Strengths & Weaknesses
- 7.15 Guangri Elevator
- 7.15.1 Guangri Elevator Details
- 7.15.2 Guangri Elevator Major Business
- 7.15.3 Guangri Elevator Passenger Elevators Product and Services
- 7.15.4 Guangri Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.15.5 Guangri Elevator Recent Developments/Updates
- 7.15.6 Guangri Elevator Competitive Strengths & Weaknesses
- 7.16 Edunburgh Elevator
- 7.16.1 Edunburgh Elevator Details
- 7.16.2 Edunburgh Elevator Major Business
- 7.16.3 Edunburgh Elevator Passenger Elevators Product and Services
- 7.16.4 Edunburgh Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.16.5 Edunburgh Elevator Recent Developments/Updates
- 7.16.6 Edunburgh Elevator Competitive Strengths & Weaknesses
- 7.17 Suzhou Diao
- 7.17.1 Suzhou Diao Details
- 7.17.2 Suzhou Diao Major Business
- 7.17.3 Suzhou Diao Passenger Elevators Product and Services
- 7.17.4 Suzhou Diao Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.17.5 Suzhou Diao Recent Developments/Updates
- 7.17.6 Suzhou Diao Competitive Strengths & Weaknesses
- 7.18 Meilun Elevator
- 7.18.1 Meilun Elevator Details
- 7.18.2 Meilun Elevator Major Business
- 7.18.3 Meilun Elevator Passenger Elevators Product and Services
- 7.18.4 Meilun Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.18.5 Meilun Elevator Recent Developments/Updates
- 7.18.6 Meilun Elevator Competitive Strengths & Weaknesses
- 7.19 IFE Elevators
- 7.19.1 IFE Elevators Details
- 7.19.2 IFE Elevators Major Business
- 7.19.3 IFE Elevators Passenger Elevators Product and Services
- 7.19.4 IFE Elevators Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.19.5 IFE Elevators Recent Developments/Updates
- 7.19.6 IFE Elevators Competitive Strengths & Weaknesses
- 7.20 CNYD
- 7.20.1 CNYD Details
- 7.20.2 CNYD Major Business
- 7.20.3 CNYD Passenger Elevators Product and Services
- 7.20.4 CNYD Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.20.5 CNYD Recent Developments/Updates
- 7.20.6 CNYD Competitive Strengths & Weaknesses
- 7.21 Syney Elevator
- 7.21.1 Syney Elevator Details
- 7.21.2 Syney Elevator Major Business
- 7.21.3 Syney Elevator Passenger Elevators Product and Services
- 7.21.4 Syney Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.21.5 Syney Elevator Recent Developments/Updates
- 7.21.6 Syney Elevator Competitive Strengths & Weaknesses
- 7.22 Dongnan Elevator
- 7.22.1 Dongnan Elevator Details
- 7.22.2 Dongnan Elevator Major Business
- 7.22.3 Dongnan Elevator Passenger Elevators Product and Services
- 7.22.4 Dongnan Elevator Passenger Elevators Production, Price, Value, Gross Margin and Market Share (2021-2026)
- 7.22.5 Dongnan Elevator Recent Developments/Updates
- 7.22.6 Dongnan Elevator Competitive Strengths & Weaknesses
8 Industry Chain Analysis
- 8.1 Passenger Elevators Industry Chain
- 8.2 Passenger Elevators Upstream Analysis
- 8.2.1 Passenger Elevators Core Raw Materials
- 8.2.2 Main Manufacturers of Passenger Elevators Core Raw Materials
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis
- 8.5 Passenger Elevators Production Mode
- 8.6 Passenger Elevators Procurement Model
- 8.7 Passenger Elevators Industry Sales Model and Sales Channels
- 8.7.1 Passenger Elevators Sales Model
- 8.7.2 Passenger Elevators Typical Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Methodology
- 10.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Passenger Elevators. Industry analysis & Market Report on Passenger Elevators is a syndicated market report, published as Global Passenger Elevators Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Passenger Elevators market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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