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What are the key dynamics influencing the Gearless Elevator Traction Motor market growth? SWOT analysis of the Gearless Elevator Traction Motor market.

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Global Gearless Elevator Traction Motor Market Report 2025

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Published : December 2025

Pages : 175

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Gearless Elevator Traction Motor Global Market Report 2025

Name: Gearless Elevator Traction Motor Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Type (Permanent Magnet Motor, AC Motor, DC Motor), By Technology (Smart Motors, Conventional Motors, High Efficiency Motors, Regenerative Motors), By Capacity (Low, Medium, High), By Application (Commercial, Residential, Industrial), By End Users (New Installation, Modernization) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Gearless Elevator Traction Motor Market Overview

• Gearless Elevator Traction Motor market size has reached to $5 billion in 2024

• Expected to grow to $6.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%

• Growth Driver: Rising Construction Of High-rise Buildings Fueling The Growth Of The Market Due To Demand For Efficient Vertical Transportation

• Market Trend: The Rise Of Permanent Magnet Synchronous (PMS) Motors In Elevators

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Gearless Elevator Traction Motor Market?

A gearless elevator traction motor is a high-efficiency electric motor that directly drives the elevator sheave without the need for a gearbox, reducing energy loss and maintenance requirements. Its purpose is to provide smooth, quiet, and reliable operation, making it ideal for high-rise and high-speed elevator systems.

The main types of gearless elevator traction motors are permanent magnet motors, AC motors, and DC motors. A permanent magnet motor is an electric motor that uses permanent magnets to generate the magnetic field instead of electromagnets, resulting in higher efficiency and a compact design. It is used in various technologies such as smart motors, conventional motors, high-efficiency motors, and regenerative motors. They have different capacities, including low, medium, and high. They are used for various applications, including commercial, residential, and industrial. The key end-users are new installations and modernization.

Gearless Elevator Traction Motor Market Size and growth rate 2025 to 2029: Graph

What Is The Gearless Elevator Traction Motor Market Size 2025 And Growth Rate?

The gearless elevator traction motor market size has grown strongly in recent years. It will grow from $5.0 billion in 2024 to $5.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the development of economic standards, the rising construction of high-rise buildings, urbanization, the adoption of environmentally friendly technology, and the growing demand for energy-efficient buildings.

What Is The Gearless Elevator Traction Motor Market Growth Forecast?

The gearless elevator traction motor market size is expected to see strong growth in the next few years. It will grow to $6.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing demand for energy-efficient solutions, rising demand for high-rise buildings, the need for efficient vertical transportation systems, population rise, and energy-saving capabilities. Major trends in the forecast period include technological advancements, development of efficient elevator systems, infrastructure development, integration of the Internet of Things, and integration of advanced control systems.

The forecast of 6.6% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased tariffs on rare earth magnets and precision motor windings imported from China and Germany, potentially delaying elevator modernization in high-rise buildings. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Machinery Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

How Is The Gearless Elevator Traction Motor Market Segmented?

1) By Type: Permanent Magnet Motor, AC Motor, DC Motor

2) By Technology: Smart Motors, Conventional Motors, High Efficiency Motors, Regenerative Motors

3) By Capacity: Low, Medium, High

4) By Application: Commercial, Residential, Industrial

5) By End Users: New Installation, Modernization

Subsegments:

1) By Permanent Magnet Motor: Synchronous Permanent Magnet Motors, Axial Flux Permanent Magnet Motors, Radial Flux Permanent Magnet Motors, High-Torque Permanent Magnet Motors

2) By AC Motor: Single-Phase AC Motors, Three-Phase AC Motors, High-Efficiency AC Motors, Low-Noise AC Motors

3) By DC Motor: Brushed DC Motors, Brushless DC Motors, High-Speed DC Motors, Energy-Efficient DC Motors

What Is Driving The Gearless Elevator Traction Motor Market? Rising Construction Of High-rise Buildings Fueling The Growth Of The Market Due To Demand For Efficient Vertical Transportation

The rising construction of high-rise buildings is expected to propel the growth of the gearless elevator traction motor market going forward. A high-rise building is a tall structure, typically exceeding 35-40 meters (115-131 feet) or about 12-14 stories, designed for residential, commercial, or mixed-use purposes. High-rise buildings are increasing due to rapid urbanization, population growth, limited land availability, advancements in construction technology, and the demand for efficient land use in densely populated cities. Gearless elevator traction motors are used in high-rise buildings to provide efficient, smooth, and high-speed vertical transportation with reduced maintenance and energy consumption. For instance, in March 2024, according to New London Architecture (NLA), a UK-based organization that promotes the capital's built environment, the number of development applications or consents including at least one tall tower increased from 31 in 2021 to 58 in 2022. Therefore, the rising construction of high-rise buildings will drive the gearless elevator traction motor industry.

Who Are The Major Players In The Global Gearless Elevator Traction Motor Market?

Major companies operating in the gearless elevator traction motor market are Hitachi Ltd., Siemens AG, Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Nidec Corporation, Otis Elevator Company, Schindler Holding AG, Kone Corporation, Hyundai Elevator Co. Ltd., Hiwin Technologies Corp., Kleemann Elevators S.A., Ningbo Xinda Elevator Traction Technology Co. Ltd., Fujitec Co. Ltd., Suzhou Torin Drive Equipment Co. Ltd., Cheng Day Machinery Works, Xizi Forvorda Co. Ltd., Fenoja Oy, Shanghai ZanFeng Technology Co. Ltd., Mont Drive Systems Co. Ltd.

What Are The Key Trends Of The Global Gearless Elevator Traction Motor Market? The Rise Of Permanent Magnet Synchronous (PMS) Motors In Elevators

Major companies operating in the gearless elevator traction motor market are focusing on technological advancements such as permanent magnet synchronous (PMS) motors to enhance energy efficiency, reduce maintenance costs, improve ride comfort, and optimize space utilization in modern elevator systems. A permanent magnet synchronous (PMS) motor is an electric motor that uses permanent magnets in the rotor to generate a constant magnetic field, offering high efficiency, precise control, and reduced energy consumption. For instance, in September 2022, TK Elevator, a Germany-based manufacturer of elevators and related machinery, launched the enta100 GL in India, targeting the low-rise, value-for-money market. As a gearless alternative to the enta100 GD, it offers lower maintenance costs, quieter operation, and longer service life. Powered by a Permanent Magnet Synchronous (PMS) motor, it ensures higher energy efficiency, lower power consumption, and smooth acceleration/deceleration. Designed for taller buildings (up to 45 m, 16 stops), it accommodates 8 passengers (544 kg) and is available in machine-room (MR) and machine-room-less (MRL) configurations, maximizing space efficiency for new constructions.

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What Are Latest Mergers And Acquisitions In The Gearless Elevator Traction Motor Market? Standard Elevator Systems Expands Capabilities With Acquisition Of McIntosh Industries

In June 2022, Standard Elevator Systems (SES), a US-based manufacturer of elevator components, acquired McIntosh Industries Inc. for an undisclosed amount. The acquisition aligns with SES's strategy of continued growth and diversification, expanding its capabilities to meet the specialized needs of the elevator and escalator industry. McIntosh Industries Inc. is a US-based company that provides gearless elevator traction motors.

What Is The Regional Outlook For The Global Gearless Elevator Traction Motor Market?

Asia-Pacific was the largest region in the gearless elevator traction motor market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Gearless Elevator Traction Motor Market?

The gearless elevator traction motor market consists of sales of dual-drive gearless traction motors, custom gearless traction motors, and direct-drive gearless motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Gearless Elevator Traction Motor Industry?

The gearless elevator traction motor market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the gearless elevator traction motor industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Girish Kavali

Gearless Elevator Traction Motor Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$5.29 billion
Revenue Forecast In 2034	$6.84 billion
Growth Rate	CAGR of 6.6% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	The gearless elevator traction motor market covered in this report is segmented – 1) By Type: Permanent Magnet Motor, AC Motor, DC Motor 2) By Technology: Smart Motors, Conventional Motors, High Efficiency Motors, Regenerative Motors 3) By Capacity: Low, Medium, High 4) By Application: Commercial, Residential, Industrial 5) By End Users: New Installation, Modernization Subsegments: 1) By Permanent Magnet Motor: Synchronous Permanent Magnet Motors, Axial Flux Permanent Magnet Motors, Radial Flux Permanent Magnet Motors, High-Torque Permanent Magnet Motors 2) By AC Motor: Single-Phase AC Motors, Three-Phase AC Motors, High-Efficiency AC Motors, Low-Noise AC Motors 3) By DC Motor: Brushed DC Motors, Brushless DC Motors, High-Speed DC Motors, Energy-Efficient DC Motors
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hitachi Ltd., Siemens AG, Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Nidec Corporation, Otis Elevator Company, Schindler Holding AG, Kone Corporation, Hyundai Elevator Co. Ltd., Hiwin Technologies Corp., Kleemann Elevators S.A., Ningbo Xinda Elevator Traction Technology Co. Ltd., Fujitec Co. Ltd., Suzhou Torin Drive Equipment Co. Ltd., Cheng Day Machinery Works, Xizi Forvorda Co. Ltd., Fenoja Oy, Shanghai ZanFeng Technology Co. Ltd., Mont Drive Systems Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Gearless Elevator Traction Motor Market Characteristics

3. Gearless Elevator Traction Motor Market Trends And Strategies

4. Gearless Elevator Traction Motor Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Gearless Elevator Traction Motor Growth Analysis And Strategic Analysis Framework

5.1. Global Gearless Elevator Traction Motor PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Gearless Elevator Traction Motor Market Growth Rate Analysis

5.4. Global Gearless Elevator Traction Motor Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Gearless Elevator Traction Motor Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Gearless Elevator Traction Motor Total Addressable Market (TAM)

6. Gearless Elevator Traction Motor Market Segmentation

6.1. Global Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Permanent Magnet Motor

AC Motor

DC Motor

6.2. Global Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Smart Motors

Conventional Motors

High Efficiency Motors

Regenerative Motors

6.3. Global Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low

Medium

High

6.4. Global Gearless Elevator Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Commercial

Residential

Industrial

6.5. Global Gearless Elevator Traction Motor Market, Segmentation By End Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

New Installation

Modernization

6.6. Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of Permanent Magnet Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Synchronous Permanent Magnet Motors

Axial Flux Permanent Magnet Motors

Radial Flux Permanent Magnet Motors

High-Torque Permanent Magnet Motors

6.7. Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of AC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Single-Phase AC Motors

Three-Phase AC Motors

High-Efficiency AC Motors

Low-Noise AC Motors

6.8. Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of DC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Brushed DC Motors

Brushless DC Motors

High-Speed DC Motors

Energy-Efficient DC Motors

7. Gearless Elevator Traction Motor Market Regional And Country Analysis

7.1. Global Gearless Elevator Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Gearless Elevator Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Gearless Elevator Traction Motor Market

8.1. Asia-Pacific Gearless Elevator Traction Motor Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Gearless Elevator Traction Motor Market

9.1. China Gearless Elevator Traction Motor Market Overview

9.2. China Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Gearless Elevator Traction Motor Market

10.1. India Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Gearless Elevator Traction Motor Market

11.1. Japan Gearless Elevator Traction Motor Market Overview

11.2. Japan Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Gearless Elevator Traction Motor Market

12.1. Australia Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Gearless Elevator Traction Motor Market

13.1. Indonesia Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Gearless Elevator Traction Motor Market

14.1. South Korea Gearless Elevator Traction Motor Market Overview

14.2. South Korea Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Gearless Elevator Traction Motor Market

15.1. Western Europe Gearless Elevator Traction Motor Market Overview

15.2. Western Europe Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Gearless Elevator Traction Motor Market

16.1. UK Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Gearless Elevator Traction Motor Market

17.1. Germany Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Gearless Elevator Traction Motor Market

18.1. France Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Gearless Elevator Traction Motor Market

19.1. Italy Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Gearless Elevator Traction Motor Market

20.1. Spain Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Gearless Elevator Traction Motor Market

21.1. Eastern Europe Gearless Elevator Traction Motor Market Overview

21.2. Eastern Europe Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Gearless Elevator Traction Motor Market

22.1. Russia Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Gearless Elevator Traction Motor Market

23.1. North America Gearless Elevator Traction Motor Market Overview

23.2. North America Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Gearless Elevator Traction Motor Market

24.1. USA Gearless Elevator Traction Motor Market Overview

24.2. USA Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Gearless Elevator Traction Motor Market

25.1. Canada Gearless Elevator Traction Motor Market Overview

25.2. Canada Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Gearless Elevator Traction Motor Market

26.1. South America Gearless Elevator Traction Motor Market Overview

26.2. South America Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Gearless Elevator Traction Motor Market

27.1. Brazil Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Gearless Elevator Traction Motor Market

28.1. Middle East Gearless Elevator Traction Motor Market Overview

28.2. Middle East Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Gearless Elevator Traction Motor Market

29.1. Africa Gearless Elevator Traction Motor Market Overview

29.2. Africa Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Gearless Elevator Traction Motor Market Competitive Landscape And Company Profiles

30.1. Gearless Elevator Traction Motor Market Competitive Landscape

30.2. Gearless Elevator Traction Motor Market Company Profiles

30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Thyssenkrupp AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Toshiba Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Gearless Elevator Traction Motor Market Other Major And Innovative Companies

31.1. Nidec Corporation

31.2. Otis Elevator Company

31.3. Schindler Holding AG

31.4. Kone Corporation

31.5. Hyundai Elevator Co. Ltd.

31.6. Hiwin Technologies Corp.

31.7. Kleemann Elevators S.A.

31.8. Ningbo Xinda Elevator Traction Technology Co. Ltd.

31.9. Fujitec Co. Ltd.

31.10. Suzhou Torin Drive Equipment Co. Ltd.

31.11. Cheng Day Machinery Works

31.12. Xizi Forvorda Co. Ltd.

31.13. Fenoja Oy

31.14. Shanghai ZanFeng Technology Co. Ltd.

31.15. Mont Drive Systems Co. Ltd.

32. Global Gearless Elevator Traction Motor Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Gearless Elevator Traction Motor Market

34. Recent Developments In The Gearless Elevator Traction Motor Market

35. Gearless Elevator Traction Motor Market High Potential Countries, Segments and Strategies

35.1 Gearless Elevator Traction Motor Market In 2029 - Countries Offering Most New Opportunities

35.2 Gearless Elevator Traction Motor Market In 2029 - Segments Offering Most New Opportunities

35.3 Gearless Elevator Traction Motor Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Gearless Elevator Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Gearless Elevator Traction Motor Market, Segmentation By End Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of Permanent Magnet Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of AC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of DC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Gearless Elevator Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Gearless Elevator Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: China, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: India, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Japan, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Australia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: UK, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: Germany, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: France, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Italy, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Spain, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Russia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: North America, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: USA, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: Canada, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: South America, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Africa, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Hitachi Ltd. Financial Performance

Table 80: Siemens AG Financial Performance

Table 81: Thyssenkrupp AG Financial Performance

Table 82: Mitsubishi Electric Corporation Financial Performance

Table 83: Toshiba Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Gearless Elevator Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Gearless Elevator Traction Motor Market, Segmentation By End Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of Permanent Magnet Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of AC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Gearless Elevator Traction Motor Market, Sub-Segmentation Of DC Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Gearless Elevator Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Gearless Elevator Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Asia-Pacific, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: China, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: India, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Japan, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Australia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Indonesia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: South Korea, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: Western Europe, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: UK, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: Germany, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: France, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Italy, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Spain, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Eastern Europe, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Russia, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: North America, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: USA, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: Canada, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: South America, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Brazil, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Middle East, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Gearless Elevator Traction Motor Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Gearless Elevator Traction Motor Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Africa, Gearless Elevator Traction Motor Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Hitachi Ltd. Financial Performance

Figure 80: Siemens AG Financial Performance

Figure 81: Thyssenkrupp AG Financial Performance

Figure 82: Mitsubishi Electric Corporation Financial Performance

Figure 83: Toshiba Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the Gearless Elevator Traction Motor market?

How will the Gearless Elevator Traction Motor market drivers and restraints affect the market dynamics? What forces will shape the Gearless Elevator Traction Motor industry going forward?

The market major growth driver - Rising Construction Of High-rise Buildings Fueling The Growth Of The Market Due To Demand For Efficient Vertical Transportation. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Gearless Elevator Traction Motor market?

The gearless elevator traction motor market size has grown strongly in recent years. It will grow from $5 billion in 2024 to $5.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the development of economic standards, the rising construction of high-rise buildings, urbanization, the adoption of environmentally friendly technology, and the growing demand for energy-efficient buildings. The gearless elevator traction motor market size is expected to see strong growth in the next few years. It will grow to $6.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing demand for energy-efficient solutions, rising demand for high-rise buildings, the need for efficient vertical transportation systems, population rise, and energy-saving capabilities. Major trends in the forecast period include technological advancements, development of efficient elevator systems, infrastructure development, integration of the Internet of Things, and integration of advanced control systems. For further insights on this market, request a sample here

How is the Gearless Elevator Traction Motor market segmented?

The gearless elevator traction motormarket covered in this report is segmented –
1) By Type: Permanent Magnet Motor, AC Motor, DC Motor
2) By Technology: Smart Motors, Conventional Motors, High Efficiency Motors, Regenerative Motors
3) By Capacity: Low, Medium, High
4) By Application: Commercial, Residential, Industrial
5) By End Users: New Installation, Modernization Subsegments:
1) By Permanent Magnet Motor: Synchronous Permanent Magnet Motors, Axial Flux Permanent Magnet Motors, Radial Flux Permanent Magnet Motors, High-Torque Permanent Magnet Motors
2) By AC Motor: Single-Phase AC Motors, Three-Phase AC Motors, High-Efficiency AC Motors, Low-Noise AC Motors
3) By DC Motor: Brushed DC Motors, Brushless DC Motors, High-Speed DC Motors, Energy-Efficient DC Motors For further insights on this market, request a sample here

Which region has the largest share of the Gearless Elevator Traction Motor market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the gearless elevator traction motor market in 2024. The regions covered in the gearless elevator traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Who are the major players in the Gearless Elevator Traction Motor market?

What are the key trends in the Gearless Elevator Traction Motor market?

Major trends in this market include The Rise Of Permanent Magnet Synchronous (PMS) Motors In Elevators. For further insights on this market, request a sample here.