Global Passenger And Cargo Elevators Market Report 2025

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Passenger And Cargo Elevators Global Market Report 2025

Name: Passenger And Cargo Elevators Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Type (Passenger Elevators, Cargo Elevators), By Technology (Hydraulic, Traction, Machine Room-Less), By Capacity (Low, Medium, High), By End-User (Residential Buildings, Commercial Buildings, Industrial Plants, Other End-Users) - Market Size, Trends, And Global 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.

Passenger And Cargo Elevators Market Overview

• Passenger And Cargo Elevators market size has reached to $95.06 billion in 2024

• Expected to grow to $147.99 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%

• Growth Driver: Surge In Construction Activities Fueling The Growth Of The Market Due To Rising Urbanization And Infrastructure Demand

• Market Trend: Innovative Digital Platforms Set New Standards In Vertical Mobility

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Passenger And Cargo Elevators Market?

Passenger and cargo elevators refer to vertical transportation systems designed to efficiently move people (passengers) or goods (cargo) between floors in residential, commercial, or industrial buildings. Passenger elevators prioritize safety, comfort, and speed, while cargo elevators are built for durability and heavy load capacity. These systems are integral to modern infrastructure, enhancing accessibility and operational productivity.

The main types of passenger and cargo elevators are passenger elevators and cargo elevators. Passenger elevators refer to vertical transportation systems designed to carry people between floors in residential, commercial, or public buildings. There are multiple technologies Hydraulic, traction, and machine room-less, and the capacity involved is low, medium, and high. The key end-users are residential buildings, commercial buildings, industrial plants, and others.

Passenger And Cargo Elevators Market Size and growth rate 2025 to 2029: Graph

What Is The Passenger And Cargo Elevators Market Size 2025 And Growth Rate?

What Is The Passenger And Cargo Elevators Market Growth Forecast?

The passenger and cargo elevators market size is expected to see strong growth in the next few years. It will grow to $147.99 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising demand for smart elevators, increasing construction of high-rise buildings, growing focus on energy efficiency, rising urban infrastructure projects, and increasing adoption in emerging economies. Major trends in the forecast period include advancement in elevator automation, innovation in touchless control systems, integration of smart sensors, advanced maintenance technologies, and integration of AI and machine learning.

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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 Passenger And Cargo Elevators Market Segmented?

1) By Type: Passenger Elevators, Cargo Elevators

2) By Technology: Hydraulic, Traction, Machine Room-Less

3) By Capacity: Low, Medium, High

4) By End-User: Residential Buildings, Commercial Buildings, Industrial Plants, Other End-Users

Subsegments:

1) By Passenger Elevators: Hydraulic Elevators, Traction Elevators, Machine Room-Less (MRL) Elevators, Pneumatic Elevators, Residential Elevators, Commercial Elevators, Hospital Elevators, Capsule And Scenic Elevators

2) By Cargo Elevators: Hydraulic Cargo Elevators, Traction Cargo Elevators, Freight Elevators, Dumbwaiters, Industrial Goods Lifts, Vehicle Elevators, Explosion-Proof Elevators, Heavy-Duty Elevators

What Is Driving The Passenger And Cargo Elevators Market? Surge In Construction Activities Fueling The Growth Of The Market Due To Rising Urbanization And Infrastructure Demand

The increasing construction activities are expected to propel the growth of the passenger and cargo elevator market going forward. Construction activities refer to the processes involved in building, renovating, or maintaining residential, commercial, and infrastructure projects. The rise in construction activities is due to the rapid urbanization, as growing populations in cities increase the demand for residential, commercial, and infrastructure development. Passenger and cargo elevators support construction activities by enabling efficient vertical transportation of workers, materials, and equipment within high-rise buildings and large infrastructure projects, thereby improving productivity and safety on-site. For instance, in July 2023, according to Australian Bureau of Statistics, an Australian-based government administration, in the March quarter of 2023, there were 240,813 dwellings under construction, an increase from 240,065 in 2022. Therefore, the increasing construction activities are driving the growth of the passenger and cargo elevator industry.

Who Are The Major Players In The Global Passenger And Cargo Elevators Market?

Major companies operating in the passenger and cargo elevators market are Hitachi Ltd., Hainan Midea Building Technologies Co. Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Group, KONE Corporation, Hyundai Elevator Co. Ltd., Guangri Elevator Industry Co. Ltd., Canny Elevator Co. Ltd., Savaria Corporation, Orona Sociedad Cooperativa, Kleemann Hellas S.A., Stannah Lifts Holdings Ltd., Zhejiang Meilun Elevator Co. Ltd., Fujitec Co. Ltd., Mowrey Elevator Company Inc., GMV S.p.A., IFE Elevators Co. Ltd., Hangzhou Xiolift Elevator Co. Ltd.

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What Are Latest Mergers And Acquisitions In The Passenger And Cargo Elevators Market? Gulf Elevators Partners With Shenyang Yuanda To Launch New Elevator Manufacturing Facility

In November 2024, Gulf Elevators & Escalators Company, a Saudi Arabia-based partnered with China’s Shenyang Yuanda Intellectual Industry Group to boost local elevator production. With this partnership, Gulf Elevators & Escalators Company and Shenyang Yuanda Intellectual Industry Group aim to enhance local elevator production capacity in Saudi Arabia by leveraging advanced Chinese manufacturing technology and supporting national industrial development goals. Shenyang Yuanda Intellectual Industry Group is a China-based manufacturer of passenger and cargo elevators.

What Is The Regional Outlook For The Global Passenger And Cargo Elevators Market?

Asia-Pacific was the largest region in the passenger and cargo elevators 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 Passenger And Cargo Elevators Market?

The passenger and cargo elevators market consists of revenues earned by entities by provide services such as installation services, modernization services, and consulting and inspection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The passenger and cargo elevators market also includes sales of observation elevators, service elevators, and hospital elevators. 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 Passenger And Cargo Elevators Industry?

The passenger and cargo elevators market research report is one of a series of new reports from The Business Research Company that provides market statistics, including the passenger and cargo elevators 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 passenger and cargo elevators industry. This passenger and cargo elevators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Author : Girish Kavali

Passenger And Cargo Elevators Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$104.13 billion
Revenue Forecast In 2034	$147.99 billion
Growth Rate	CAGR of 9.2% 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	Type, Technology, Capacity, End-User
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., Hainan Midea Building Technologies Co. Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Group, KONE Corporation, Hyundai Elevator Co. Ltd., Guangri Elevator Industry Co. Ltd., Canny Elevator Co. Ltd., Savaria Corporation, Orona Sociedad Cooperativa, Kleemann Hellas S.A., Stannah Lifts Holdings Ltd., Zhejiang Meilun Elevator Co. Ltd., Fujitec Co. Ltd., Mowrey Elevator Company Inc., GMV S.p.A., IFE Elevators Co. Ltd., Hangzhou Xiolift Elevator Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Passenger And Cargo Elevators Market Characteristics

3. Passenger And Cargo Elevators Market Trends And Strategies

4. Passenger And Cargo Elevators 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 Passenger And Cargo Elevators Growth Analysis And Strategic Analysis Framework

5.1. Global Passenger And Cargo Elevators PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Passenger And Cargo Elevators Market Growth Rate Analysis

5.4. Global Passenger And Cargo Elevators Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Passenger And Cargo Elevators Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Passenger And Cargo Elevators Total Addressable Market (TAM)

6. Passenger And Cargo Elevators Market Segmentation

6.1. Global Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Passenger Elevators

Cargo Elevators

6.2. Global Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hydraulic

Traction

Machine Room-Less

6.3. Global Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low

Medium

High

6.4. Global Passenger And Cargo Elevators Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential Buildings

Commercial Buildings

Industrial Plants

Other End-Users

6.5. Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Passenger Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hydraulic Elevators

Traction Elevators

Machine Room-Less (MRL) Elevators

Pneumatic Elevators

Residential Elevators

Commercial Elevators

Hospital Elevators

Capsule And Scenic Elevators

6.6. Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Cargo Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hydraulic Cargo Elevators

Traction Cargo Elevators

Freight Elevators

Dumbwaiters

Industrial Goods Lifts

Vehicle Elevators

Explosion-Proof Elevators

Heavy-Duty Elevators

7. Passenger And Cargo Elevators Market Regional And Country Analysis

7.1. Global Passenger And Cargo Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Passenger And Cargo Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Passenger And Cargo Elevators Market

8.1. Asia-Pacific Passenger And Cargo Elevators 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 Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Passenger And Cargo Elevators Market

9.1. China Passenger And Cargo Elevators Market Overview

9.2. China Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Passenger And Cargo Elevators Market

10.1. India Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Passenger And Cargo Elevators Market

11.1. Japan Passenger And Cargo Elevators Market Overview

11.2. Japan Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Passenger And Cargo Elevators Market

12.1. Australia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Passenger And Cargo Elevators Market

13.1. Indonesia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Passenger And Cargo Elevators Market

14.1. South Korea Passenger And Cargo Elevators Market Overview

14.2. South Korea Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Passenger And Cargo Elevators Market

15.1. Western Europe Passenger And Cargo Elevators Market Overview

15.2. Western Europe Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Passenger And Cargo Elevators Market

16.1. UK Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Passenger And Cargo Elevators Market

17.1. Germany Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Passenger And Cargo Elevators Market

18.1. France Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Passenger And Cargo Elevators Market

19.1. Italy Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Passenger And Cargo Elevators Market

20.1. Spain Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Passenger And Cargo Elevators Market

21.1. Eastern Europe Passenger And Cargo Elevators Market Overview

21.2. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Passenger And Cargo Elevators Market

22.1. Russia Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Passenger And Cargo Elevators Market

23.1. North America Passenger And Cargo Elevators Market Overview

23.2. North America Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Passenger And Cargo Elevators Market

24.1. USA Passenger And Cargo Elevators Market Overview

24.2. USA Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Passenger And Cargo Elevators Market

25.1. Canada Passenger And Cargo Elevators Market Overview

25.2. Canada Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Passenger And Cargo Elevators Market

26.1. South America Passenger And Cargo Elevators Market Overview

26.2. South America Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Passenger And Cargo Elevators Market

27.1. Brazil Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Passenger And Cargo Elevators Market

28.1. Middle East Passenger And Cargo Elevators Market Overview

28.2. Middle East Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Passenger And Cargo Elevators Market

29.1. Africa Passenger And Cargo Elevators Market Overview

29.2. Africa Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Passenger And Cargo Elevators Market Competitive Landscape And Company Profiles

30.1. Passenger And Cargo Elevators Market Competitive Landscape

30.2. Passenger And Cargo Elevators Market Company Profiles

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

30.2.2. Hainan Midea Building Technologies Co. Ltd. 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. Otis Elevator Company Overview, Products and Services, Strategy and Financial Analysis

31. Passenger And Cargo Elevators Market Other Major And Innovative Companies

31.1. Schindler Group

31.2. KONE Corporation

31.3. Hyundai Elevator Co. Ltd.

31.4. Guangri Elevator Industry Co. Ltd.

31.5. Canny Elevator Co. Ltd.

31.6. Savaria Corporation

31.7. Orona Sociedad Cooperativa

31.8. Kleemann Hellas S.A.

31.9. Stannah Lifts Holdings Ltd.

31.10. Zhejiang Meilun Elevator Co. Ltd.

31.11. Fujitec Co. Ltd.

31.12. Mowrey Elevator Company Inc.

31.13. GMV S.p.A.

31.14. IFE Elevators Co. Ltd.

31.15. Hangzhou Xiolift Elevator Co. Ltd.

32. Global Passenger And Cargo Elevators Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Passenger And Cargo Elevators Market

34. Recent Developments In The Passenger And Cargo Elevators Market

35. Passenger And Cargo Elevators Market High Potential Countries, Segments and Strategies

35.1 Passenger And Cargo Elevators Market In 2029 - Countries Offering Most New Opportunities

35.2 Passenger And Cargo Elevators Market In 2029 - Segments Offering Most New Opportunities

35.3 Passenger And Cargo Elevators 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 Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Passenger And Cargo Elevators Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Passenger Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Cargo Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Passenger And Cargo Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Passenger And Cargo Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: China, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: India, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: Japan, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Australia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: South Korea, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: UK, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Germany, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: France, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Italy, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Spain, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Russia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: North America, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: USA, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: Canada, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: South America, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Brazil, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Middle East, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Africa, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Hitachi Ltd. Financial Performance

Table 78: Hainan Midea Building Technologies Co. Ltd. Financial Performance

Table 79: Thyssenkrupp AG Financial Performance

Table 80: Mitsubishi Electric Corporation Financial Performance

Table 81: Otis Elevator Company 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 Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Passenger And Cargo Elevators Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Passenger Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Passenger And Cargo Elevators Market, Sub-Segmentation Of Cargo Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Passenger And Cargo Elevators Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Passenger And Cargo Elevators Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: China, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: India, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: Japan, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Australia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: South Korea, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: UK, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Germany, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: France, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Italy, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Spain, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Russia, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: North America, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: USA, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: Canada, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: South America, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Brazil, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Middle East, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Africa, Passenger And Cargo Elevators Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Passenger And Cargo Elevators Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Passenger And Cargo Elevators Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Hitachi Ltd. Financial Performance

Figure 78: Hainan Midea Building Technologies Co. Ltd. Financial Performance

Figure 79: Thyssenkrupp AG Financial Performance

Figure 80: Mitsubishi Electric Corporation Financial Performance

Figure 81: Otis Elevator Company Financial Performance

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Frequently Asked Questions

What is the definition of the Passenger And Cargo Elevators market?

How will the Passenger And Cargo Elevators market drivers and restraints affect the market dynamics? What forces will shape the Passenger And Cargo Elevators industry going forward?

The market major growth driver - Surge In Construction Activities Fueling The Growth Of The Market Due To Rising Urbanization And Infrastructure Demand. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Passenger And Cargo Elevators market?

The passenger and cargo elevators market size has grown strongly in recent years. It will grow from $95.06 billion in 2024 to $104.13 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increasing urbanization, a rising number of commercial buildings, increasing demand for vertical transportation, a rise in population density, and rising investment in infrastructure development. The passenger and cargo elevators market size is expected to see strong growth in the next few years. It will grow to $147.99 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising demand for smart elevators, increasing construction of high-rise buildings, growing focus on energy efficiency, rising urban infrastructure projects, and increasing adoption in emerging economies. Major trends in the forecast period include advancement in elevator automation, innovation in touchless control systems, integration of smart sensors, advanced maintenance technologies, and integration of AI and machine learning. For further insights on this market, request a sample here

How is the Passenger And Cargo Elevators market segmented?

The passenger and cargo elevators market covered in this report is segmented –
1) By Type: Passenger Elevators, Cargo Elevators
2) By Technology: Hydraulic, Traction, Machine Room-Less
3) By Capacity: Low, Medium, High
4) By End-User: Residential Buildings, Commercial Buildings, Industrial Plants, Other End-Users Subsegments:
1) By Passenger Elevators: Hydraulic Elevators, Traction Elevators, Machine Room-Less (MRL) Elevators, Pneumatic Elevators, Residential Elevators, Commercial Elevators, Hospital Elevators, Capsule And Scenic Elevators
2) By Cargo Elevators: Hydraulic Cargo Elevators, Traction Cargo Elevators, Freight Elevators, Dumbwaiters, Industrial Goods Lifts, Vehicle Elevators, Explosion-Proof Elevators, Heavy-Duty Elevators For further insights on this market, request a sample here

Which region has the largest share of the Passenger And Cargo Elevators market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the passenger and cargo elevators market in 2024. The regions covered in the passenger and cargo elevators 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 Passenger And Cargo Elevators market?

What are the key trends in the Passenger And Cargo Elevators market?

Major trends in this market include Innovative Digital Platforms Set New Standards In Vertical Mobility. For further insights on this market, request a sample here.