Global Elevators Market Size & Outlook, 2022-2030
The elevators industry worldwide is expected to reach a projected revenue of US$ 119,313.7 million by 2030. A compound annual growth rate of 6.4% is expected of the worldwide elevators industry from 2023 to 2030.
Revenue, 2022 (US$M)
$72,386.0
Forecast, 2030 (US$M)
$119,313.7
CAGR, 2023 - 2030
6.4%
Report Coverage
Worldwide
Global elevators market, 2018-2030 (US$M)
Global elevators market highlights
- The global elevators market generated a revenue of USD 72,386.0 million in 2022 and is expected to reach USD 119,313.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.4% by 2030.
- In terms of segment, hydraulic accounted for a revenue of USD 72,386.0 million in 2022.
- Hydraulic is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
Global data book summary
| Market revenue in 2022 | USD 72,386.0 million |
| Market revenue in 2030 | USD 119,313.7 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Hydraulic |
| Fastest growing segment | Hydraulic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydraulic |
Other key industry trends
- In terms of revenue, the North America accounted for 13.0% of the global elevators market in 2022.
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Elevators Market Scope
Elevators market segmentation & scope
Business
New Equipment
Maintainance
Modernization
Application
Residential
Commercial
Industrial
Countries
Canada
Mexico
U.S.
France
Germany
Italy
Spain
UK
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Argentina
Brazil
Saudi Arabia
South Africa
UAE
Elevators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global elevators market size, by regions, 2018-2030 (US$M)
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