Gearless Elevator Traction Motor Market Report 2026

Gearless Elevator Traction Motor Market Overview

• Gearless Elevator Traction Motor market size has reached to $5.29 billion in 2025 • Expected to grow to $7.29 billion in 2030 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: Advancing Efficiency And Performance Through Gearless Traction Innovation • Asia-Pacific was the largest region in 2025.

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.

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 $7.29 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to smart building integration, regenerative drive adoption, expansion of green building projects, modernization of installed elevator base, growth of mega infrastructure projects. Major trends in the forecast period include shift toward energy-efficient elevator systems, increasing adoption of permanent magnet motors, demand for low-noise elevator solutions, modernization of aging elevator infrastructure, growth of high-rise construction.

Tariff Impact On Gearless Elevator Traction Motor Market

Tariffs are influencing the gearless elevator traction motor market by increasing the cost of imported rare-earth magnets, electrical steel, power electronics, and precision motor components. Elevator manufacturers in Asia-Pacific and Europe are particularly affected due to strong dependence on global material supply chains and high-rise construction demand. These tariffs are raising system costs and extending project timelines for commercial and residential developments. North America faces similar cost pressures in modernization projects. However, tariffs are promoting regional motor manufacturing, alternative material development, and innovation in high-efficiency, low-loss traction motor designs.

Global Gearless Elevator Traction Motor Market Segmentation

1) By Type: Permanent Magnet Synchronous Motors, Brushless DC Motors 2) By Motor Design: Radial Flux Permanent Magnet Motors, Axial Flux Permanent Magnet Motors, High-Torque, Low-Speed Direct-Drive Motors 3) By Efficiency And Energy Technology: High-Efficiency Motors, Regenerative Drive-Compatible Motors, Energy-Optimized Or Low-Loss Motors 4) By Application: Commercial Buildings, Residential Buildings, Institutional And Public Infrastructure 5) By End-Use: New Installations, Modernization And Replacement Subsegments: 1) By Permanent Magnet Synchronous Motor: Interior Permanent Magnet (IPM) PMSM, Surface-Mounted Permanent Magnet (SPM) PMSM 2) By Brushless DC Motors: Inrunner BLDC, Outrunner BLDC, Sensored (Hall-effect) BLDC, Sensorless BLDC

What Is The Driver Of The Gearless Elevator Traction Motor Market?

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 January 2024, according to the Council on Tall Buildings and Urban Habitat (CTBUH), a US-based international non-profit organization that monitors global skyscraper development, a total of 185 buildings measuring 200 meters or more were completed worldwide in 2023, representing a 10.1% increase compared to 2022. Therefore, the rising construction of high-rise buildings will drive the gearless elevator traction motor industry.

What Is The Driver Of The Gearless Elevator Traction Motor Market?

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 January 2024, according to the Council on Tall Buildings and Urban Habitat (CTBUH), a US-based international non-profit organization that monitors global skyscraper development, a total of 185 buildings measuring 200 meters or more were completed worldwide in 2023, representing a 10.1% increase compared to 2022. Therefore, the rising construction of high-rise buildings will drive the gearless elevator traction motor industry.

Global Gearless Elevator Traction Motor Market Trends and Insights

Major companies operating in the gearless elevator traction motor market are focusing on incorporating advanced motor technologies such as permanent-magnet synchronous motors (PMSMs), enabling more efficient, compact, and sustainable elevator systems. PMSM technology uses high-strength permanent magnets embedded in the rotor so that the motor rotates synchronously with the alternating current in the stator, enabling direct-drive capability without a gearbox, which reduces energy loss and friction. For instance, in October 2024, Bluelight Group, a China-based elevator-components manufacturer, introduced the WYT-R Rail Mount Version Elevator Gearless Machine, a PMSM-based gearless traction system designed for rail-mounted elevator applications featuring an outer-rotor structure for smoother low-speed running and high overload capacity, a block-type armless brake for fast response and high reliability, and compact design optimized for rail-mount installation. The WYT-R improves energy efficiency, reduces maintenance costs by eliminating gearbox upkeep, and enhances ride comfort and safety owing to smoother, quieter operation and robust braking and overload protection.

What Are Latest Mergers And Acquisitions In The Gearless Elevator Traction Motor Market?

In June 2024, Aritec New Materials Group AG, a Switzerland-based synthetic treatment solutions company, partnered with Alberto Sassi S.p.A. to combine Aritec’s high-performance elevator belt Aribelt 30 F3.4 with Alberto Sassi’s gearless traction machines. With this partnership, Aritec and Alberto Sassi aim to deliver modern machine-room-less elevator solutions that maximize usable space, reduce power consumption leading to up to 35% energy savings, and extend equipment lifetime with lower maintenance and operational costs. Alberto Sassi S.p.A. is an Italy-based manufacturer of geared and gearless elevator traction machines.

Regional Outlook

Asia-Pacific was the largest region in the gearless elevator traction motor market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, 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, Taiwan, 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 Key Data and Analysis Are Included in the Gearless Elevator Traction Motor Market Report 2026?

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.