The global demand for Elevator Motors Market is presumed to reach the market size of nearly USD 1615.05 MN by 2030 from USD 921.9 MN in 2022 with a CAGR of 7.26% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Thousand Units in 2022 and forecast to touch XX Thousand Units by 2030 with a CAGR of XX% during 2023-2030.
Elevator motors are specialized electric motors designed specifically for use in elevators or lifts. They are responsible for providing the necessary power to move the elevator car between floors vertically. These are typically located at the top of the elevator shaft and are connected to a system of cables or ropes that move the elevator car.
The elevator motors market is driven by various factors that contribute to its growth and demand. Firstly, the increasing trend of urbanization and the construction of high-rise buildings create a need for efficient vertical transportation, fueling the demand for this market. Additionally, the modernization and retrofitting of existing buildings with outdated elevator systems drive the market as older systems require motor replacements or upgrades. Stringent safety and energy efficiency regulations imposed by authorities play a significant role in driving the adoption of elevator motors that comply with these standards. Technological advancements and innovations in elevator motor technology contribute to market growth by offering improved energy efficiency, enhanced control systems, and advanced safety features. The market is also driven by the growing focus on sustainability, which leads to a demand for energy-efficient motors and regenerative drives. The construction activities in emerging economies, particularly in Asia-Pacific and the Middle East, further drive the market as infrastructure development continues to rise. The increasing adoption of smart building technologies and the demand for smart elevators with advanced motor systems also contribute to market growth. Finally, the need for maintenance and replacement of ageing elevator motors adds to the demand for new motors.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of elevator motors. The growth and trends of Elevator Motors Industry provide a holistic approach to this study.
This section of the elevator motors market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Category
By Type
By Application
By Distribution Channel
This section covers the regional outlook, which accentuates current and future demand for the Elevator Motors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the elevator motors market include Changzhou Fulling Motor Co. Ltd., Columbus McKinnon Corporation, Global Partner Elevator, LEESON Electric Corporation, Nidec Motor Corporation, Schindler Elevator Corporation, Siemens AG, The General Electric Company, The Imperial Electric Company, ZIEHL-ABEGG SE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ELEVATOR MOTORS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Category
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By Distribution Channel
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL ELEVATOR MOTORS MARKET ANALYSIS BY CATEGORY
5.1 Overview by Category
5.2 Historical and Forecast Data
5.3 Analysis by Category
5.4 AC Motors Historic and Forecast Sales by Regions
5.5 DC Motors Historic and Forecast Sales by Regions
6 . GLOBAL ELEVATOR MOTORS MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Geared Traction Motors Historic and Forecast Sales by Regions
6.5 Gearless Traction Motors Historic and Forecast Sales by Regions
7 . GLOBAL ELEV ...