Selected research
Industry Growth & Trends
Global Traction Drive Elevator Industry Growth and Trends Forecast to 2032
Market perspective
The global Traction Drive Elevator market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Traction Drive Elevator is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Traction Drive Elevator is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Traction Drive Elevator is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Traction Drive Elevator include Otis, Kone, Schindler, Mitsubishi Electric, TK Elevator, Hitachi, Toshiba, Hyundai and Hangzhou Xiolift, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Traction Drive Elevator market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Traction Drive Elevator market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Traction Drive Elevator market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Traction Drive Elevator.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Traction Drive Elevator market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Traction Drive Elevator Market by Company
Otis
Kone
Schindler
Mitsubishi Electric
TK Elevator
Hitachi
Toshiba
Hyundai
Hangzhou Xiolift
Fujitec
Yungtay Engineering
Canny Elevator
Volkslift
Guangri Elevator
SJEC
Edunburgh Elevator
IFE Elevators
Meilun Elevator
Suzhou Diao
CNYD
Syney Electric
Dongnan Elevator
General Elevator
Traction Drive Elevator Segment by Type
Manned Elevator
Cargo Elevator
Traction Drive Elevator Segment by Application
Dwelling
Office Building
Hospital
School
Others
Traction Drive Elevator Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Traction Drive Elevator market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Traction Drive Elevator and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Traction Drive Elevator.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Traction Drive Elevator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Traction Drive Elevator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Manned Elevator
- Cargo Elevator
Applications
- Dwelling
- Office Building
- Hospital
- School
- Others
Companies covered
- Otis
- Kone
- Schindler
- Mitsubishi Electric
- TK Elevator
- Hitachi
- Toshiba
- Hyundai
- Hangzhou Xiolift
- Fujitec
- Yungtay Engineering
- Canny Elevator
- Volkslift
- Guangri Elevator
- SJEC
- Edunburgh Elevator
- IFE Elevators
- Meilun Elevator
- Suzhou Diao
- CNYD
- Syney Electric
- Dongnan Elevator
- General Elevator
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Traction Drive Elevator Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Traction Drive Elevator Sales Estimates and Forecasts (2021-2032)
- 1.3 Traction Drive Elevator Market by Type
- 1.3.1 Manned Elevator
- 1.3.2 Cargo Elevator
- 1.4 Global Traction Drive Elevator Market Size by Type
- 1.4.1 Global Traction Drive Elevator Market Size Overview by Type (2021-2032)
- 1.4.2 Global Traction Drive Elevator Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Traction Drive Elevator Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Traction Drive Elevator Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Traction Drive Elevator Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Traction Drive Elevator Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Traction Drive Elevator Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Traction Drive Elevator Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Traction Drive Elevator Industry Trends
- 2.2 Traction Drive Elevator Industry Drivers
- 2.3 Traction Drive Elevator Industry Opportunities and Challenges
- 2.4 Traction Drive Elevator Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Traction Drive Elevator Revenue (2021-2026)
- 3.2 Global Top Players by Traction Drive Elevator Sales (2021-2026)
- 3.3 Global Top Players by Traction Drive Elevator Price (2021-2026)
- 3.4 Global Traction Drive Elevator Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Traction Drive Elevator Major Company Production Sites & Headquarters
- 3.6 Global Traction Drive Elevator Company, Product Type & Application
- 3.7 Global Traction Drive Elevator Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Traction Drive Elevator Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Traction Drive Elevator Players Market Share by Revenue in 2025
- 3.8.3 2025 Traction Drive Elevator Tier 1, Tier 2, and Tier 3
4 Traction Drive Elevator Regional Status and Outlook
- 4.1 Global Traction Drive Elevator Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Traction Drive Elevator Historic Market Size by Region
- 4.2.1 Global Traction Drive Elevator Sales in Volume by Region (2021-2026)
- 4.2.2 Global Traction Drive Elevator Sales in Value by Region (2021-2026)
- 4.2.3 Global Traction Drive Elevator Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Traction Drive Elevator Forecasted Market Size by Region
- 4.3.1 Global Traction Drive Elevator Sales in Volume by Region (2027-2032)
- 4.3.2 Global Traction Drive Elevator Sales in Value by Region (2027-2032)
- 4.3.3 Global Traction Drive Elevator Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Traction Drive Elevator by Application
- 5.1 Traction Drive Elevator Market by Application
- 5.1.1 Dwelling
- 5.1.2 Office Building
- 5.1.3 Hospital
- 5.1.4 School
- 5.1.5 Others
- 5.2 Global Traction Drive Elevator Market Size by Application
- 5.2.1 Global Traction Drive Elevator Market Size Overview by Application (2021-2032)
- 5.2.2 Global Traction Drive Elevator Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Traction Drive Elevator Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Traction Drive Elevator Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Traction Drive Elevator Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Traction Drive Elevator Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Traction Drive Elevator Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Traction Drive Elevator Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Otis
- 6.1.1 Otis Company Information
- 6.1.2 Otis Business Overview
- 6.1.3 Otis Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Otis Traction Drive Elevator Product Portfolio
- 6.1.5 Otis Recent Developments
- 6.2 Kone
- 6.2.1 Kone Company Information
- 6.2.2 Kone Business Overview
- 6.2.3 Kone Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Kone Traction Drive Elevator Product Portfolio
- 6.2.5 Kone Recent Developments
- 6.3 Schindler
- 6.3.1 Schindler Company Information
- 6.3.2 Schindler Business Overview
- 6.3.3 Schindler Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Schindler Traction Drive Elevator Product Portfolio
- 6.3.5 Schindler Recent Developments
- 6.4 Mitsubishi Electric
- 6.4.1 Mitsubishi Electric Company Information
- 6.4.2 Mitsubishi Electric Business Overview
- 6.4.3 Mitsubishi Electric Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Mitsubishi Electric Traction Drive Elevator Product Portfolio
- 6.4.5 Mitsubishi Electric Recent Developments
- 6.5 TK Elevator
- 6.5.1 TK Elevator Company Information
- 6.5.2 TK Elevator Business Overview
- 6.5.3 TK Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 TK Elevator Traction Drive Elevator Product Portfolio
- 6.5.5 TK Elevator Recent Developments
- 6.6 Hitachi
- 6.6.1 Hitachi Company Information
- 6.6.2 Hitachi Business Overview
- 6.6.3 Hitachi Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Hitachi Traction Drive Elevator Product Portfolio
- 6.6.5 Hitachi Recent Developments
- 6.7 Toshiba
- 6.7.1 Toshiba Company Information
- 6.7.2 Toshiba Business Overview
- 6.7.3 Toshiba Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Toshiba Traction Drive Elevator Product Portfolio
- 6.7.5 Toshiba Recent Developments
- 6.8 Hyundai
- 6.8.1 Hyundai Company Information
- 6.8.2 Hyundai Business Overview
- 6.8.3 Hyundai Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Hyundai Traction Drive Elevator Product Portfolio
- 6.8.5 Hyundai Recent Developments
- 6.9 Hangzhou Xiolift
- 6.9.1 Hangzhou Xiolift Company Information
- 6.9.2 Hangzhou Xiolift Business Overview
- 6.9.3 Hangzhou Xiolift Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Hangzhou Xiolift Traction Drive Elevator Product Portfolio
- 6.9.5 Hangzhou Xiolift Recent Developments
- 6.10 Fujitec
- 6.10.1 Fujitec Company Information
- 6.10.2 Fujitec Business Overview
- 6.10.3 Fujitec Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Fujitec Traction Drive Elevator Product Portfolio
- 6.10.5 Fujitec Recent Developments
- 6.11 Yungtay Engineering
- 6.11.1 Yungtay Engineering Company Information
- 6.11.2 Yungtay Engineering Business Overview
- 6.11.3 Yungtay Engineering Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Yungtay Engineering Traction Drive Elevator Product Portfolio
- 6.11.5 Yungtay Engineering Recent Developments
- 6.12 Canny Elevator
- 6.12.1 Canny Elevator Company Information
- 6.12.2 Canny Elevator Business Overview
- 6.12.3 Canny Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Canny Elevator Traction Drive Elevator Product Portfolio
- 6.12.5 Canny Elevator Recent Developments
- 6.13 Volkslift
- 6.13.1 Volkslift Company Information
- 6.13.2 Volkslift Business Overview
- 6.13.3 Volkslift Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Volkslift Traction Drive Elevator Product Portfolio
- 6.13.5 Volkslift Recent Developments
- 6.14 Guangri Elevator
- 6.14.1 Guangri Elevator Company Information
- 6.14.2 Guangri Elevator Business Overview
- 6.14.3 Guangri Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Guangri Elevator Traction Drive Elevator Product Portfolio
- 6.14.5 Guangri Elevator Recent Developments
- 6.15 SJEC
- 6.15.1 SJEC Company Information
- 6.15.2 SJEC Business Overview
- 6.15.3 SJEC Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 SJEC Traction Drive Elevator Product Portfolio
- 6.15.5 SJEC Recent Developments
- 6.16 Edunburgh Elevator
- 6.16.1 Edunburgh Elevator Company Information
- 6.16.2 Edunburgh Elevator Business Overview
- 6.16.3 Edunburgh Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Edunburgh Elevator Traction Drive Elevator Product Portfolio
- 6.16.5 Edunburgh Elevator Recent Developments
- 6.17 IFE Elevators
- 6.17.1 IFE Elevators Company Information
- 6.17.2 IFE Elevators Business Overview
- 6.17.3 IFE Elevators Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 IFE Elevators Traction Drive Elevator Product Portfolio
- 6.17.5 IFE Elevators Recent Developments
- 6.18 Meilun Elevator
- 6.18.1 Meilun Elevator Company Information
- 6.18.2 Meilun Elevator Business Overview
- 6.18.3 Meilun Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Meilun Elevator Traction Drive Elevator Product Portfolio
- 6.18.5 Meilun Elevator Recent Developments
- 6.19 Suzhou Diao
- 6.19.1 Suzhou Diao Company Information
- 6.19.2 Suzhou Diao Business Overview
- 6.19.3 Suzhou Diao Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Suzhou Diao Traction Drive Elevator Product Portfolio
- 6.19.5 Suzhou Diao Recent Developments
- 6.20 CNYD
- 6.20.1 CNYD Company Information
- 6.20.2 CNYD Business Overview
- 6.20.3 CNYD Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.20.4 CNYD Traction Drive Elevator Product Portfolio
- 6.20.5 CNYD Recent Developments
- 6.21 Syney Electric
- 6.21.1 Syney Electric Company Information
- 6.21.2 Syney Electric Business Overview
- 6.21.3 Syney Electric Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.21.4 Syney Electric Traction Drive Elevator Product Portfolio
- 6.21.5 Syney Electric Recent Developments
- 6.22 Dongnan Elevator
- 6.22.1 Dongnan Elevator Company Information
- 6.22.2 Dongnan Elevator Business Overview
- 6.22.3 Dongnan Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.22.4 Dongnan Elevator Traction Drive Elevator Product Portfolio
- 6.22.5 Dongnan Elevator Recent Developments
- 6.23 General Elevator
- 6.23.1 General Elevator Company Information
- 6.23.2 General Elevator Business Overview
- 6.23.3 General Elevator Traction Drive Elevator Sales, Revenue and Gross Margin (2021-2026)
- 6.23.4 General Elevator Traction Drive Elevator Product Portfolio
- 6.23.5 General Elevator Recent Developments
7 North America by Country
- 7.1 North America Traction Drive Elevator Sales by Country
- 7.1.1 North America Traction Drive Elevator Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Traction Drive Elevator Sales by Country (2021-2026)
- 7.1.3 North America Traction Drive Elevator Sales Forecast by Country (2027-2032)
- 7.2 North America Traction Drive Elevator Market Size by Country
- 7.2.1 North America Traction Drive Elevator Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Traction Drive Elevator Market Size by Country (2021-2026)
- 7.2.3 North America Traction Drive Elevator Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Traction Drive Elevator Sales by Country
- 8.1.1 Europe Traction Drive Elevator Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Traction Drive Elevator Sales by Country (2021-2026)
- 8.1.3 Europe Traction Drive Elevator Sales Forecast by Country (2027-2032)
- 8.2 Europe Traction Drive Elevator Market Size by Country
- 8.2.1 Europe Traction Drive Elevator Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Traction Drive Elevator Market Size by Country (2021-2026)
- 8.2.3 Europe Traction Drive Elevator Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Traction Drive Elevator Sales by Country
- 9.1.1 Asia-Pacific Traction Drive Elevator Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Traction Drive Elevator Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Traction Drive Elevator Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Traction Drive Elevator Market Size by Country
- 9.2.1 Asia-Pacific Traction Drive Elevator Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Traction Drive Elevator Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Traction Drive Elevator Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Traction Drive Elevator Sales by Country
- 10.1.1 South America Traction Drive Elevator Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Traction Drive Elevator Sales by Country (2021-2026)
- 10.1.3 South America Traction Drive Elevator Sales Forecast by Country (2027-2032)
- 10.2 South America Traction Drive Elevator Market Size by Country
- 10.2.1 South America Traction Drive Elevator Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Traction Drive Elevator Market Size by Country (2021-2026)
- 10.2.3 South America Traction Drive Elevator Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Traction Drive Elevator Sales by Country
- 11.1.1 Middle East and Africa Traction Drive Elevator Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Traction Drive Elevator Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Traction Drive Elevator Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Traction Drive Elevator Market Size by Country
- 11.2.1 Middle East and Africa Traction Drive Elevator Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Traction Drive Elevator Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Traction Drive Elevator Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Traction Drive Elevator Value Chain Analysis
- 12.1.1 Traction Drive Elevator Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Traction Drive Elevator Production Mode & Process
- 12.2 Traction Drive Elevator Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Traction Drive Elevator Distributors
- 12.2.3 Traction Drive Elevator Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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