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Elevator Motor Industry Research Report 2026
Market perspective
The global Elevator Motor market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Elevator Motor is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Elevator Motor is projected to rise 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 Elevator Motor is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Elevator Motor include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Elevator Motor market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Elevator Motor.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Elevator Motor Market by Company
Columbus McKinnon
Global Partner Elevator
LEESON Electric
Nidec Motor
Schindler Elevator
Siemens
General Electric
Imperial Electric
Ziehl-Abegg
Changzhou Fulling Motor
Elevator Motor Segment by Type
Geared Type
Gearless Traction Type
Elevator Motor Segment by Application
House
Shopping Malls
Parking Lot
Airport
Other
Elevator Motor 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 Elevator Motor 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 Elevator Motor 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 Elevator Motor.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Elevator Motor manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Elevator Motor by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Elevator Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Geared Type
- Gearless Traction Type
Applications
- House
- Shopping Malls
- Parking Lot
- Airport
- Other
Companies covered
- Columbus McKinnon
- Global Partner Elevator
- LEESON Electric
- Nidec Motor
- Schindler Elevator
- Siemens
- General Electric
- Imperial Electric
- Ziehl-Abegg
- Changzhou Fulling Motor
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Elevator Motor by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Geared Type
- 2.2.3 Gearless Traction Type
- 2.3 Elevator Motor by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 House
- 2.3.3 Shopping Malls
- 2.3.4 Parking Lot
- 2.3.5 Airport
- 2.3.6 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Elevator Motor Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Elevator Motor Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Elevator Motor Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Elevator Motor Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Elevator Motor Production by Manufacturers (2021-2026)
- 3.2 Global Elevator Motor Production Value by Manufacturers (2021-2026)
- 3.3 Global Elevator Motor Average Price by Manufacturers (2021-2026)
- 3.4 Global Elevator Motor Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Elevator Motor Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Elevator Motor Manufacturers, Product Type & Application
- 3.7 Global Elevator Motor Manufacturers Established Date
- 3.8 Global Elevator Motor Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Columbus McKinnon
- 4.1.1 Columbus McKinnon Elevator Motor Company Information
- 4.1.2 Columbus McKinnon Elevator Motor Business Overview
- 4.1.3 Columbus McKinnon Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.1.4 Columbus McKinnon Product Portfolio
- 4.1.5 Columbus McKinnon Recent Developments
- 4.2 Global Partner Elevator
- 4.2.1 Global Partner Elevator Elevator Motor Company Information
- 4.2.2 Global Partner Elevator Elevator Motor Business Overview
- 4.2.3 Global Partner Elevator Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.2.4 Global Partner Elevator Product Portfolio
- 4.2.5 Global Partner Elevator Recent Developments
- 4.3 LEESON Electric
- 4.3.1 LEESON Electric Elevator Motor Company Information
- 4.3.2 LEESON Electric Elevator Motor Business Overview
- 4.3.3 LEESON Electric Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.3.4 LEESON Electric Product Portfolio
- 4.3.5 LEESON Electric Recent Developments
- 4.4 Nidec Motor
- 4.4.1 Nidec Motor Elevator Motor Company Information
- 4.4.2 Nidec Motor Elevator Motor Business Overview
- 4.4.3 Nidec Motor Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.4.4 Nidec Motor Product Portfolio
- 4.4.5 Nidec Motor Recent Developments
- 4.5 Schindler Elevator
- 4.5.1 Schindler Elevator Elevator Motor Company Information
- 4.5.2 Schindler Elevator Elevator Motor Business Overview
- 4.5.3 Schindler Elevator Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.5.4 Schindler Elevator Product Portfolio
- 4.5.5 Schindler Elevator Recent Developments
- 4.6 Siemens
- 4.6.1 Siemens Elevator Motor Company Information
- 4.6.2 Siemens Elevator Motor Business Overview
- 4.6.3 Siemens Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.6.4 Siemens Product Portfolio
- 4.6.5 Siemens Recent Developments
- 4.7 General Electric
- 4.7.1 General Electric Elevator Motor Company Information
- 4.7.2 General Electric Elevator Motor Business Overview
- 4.7.3 General Electric Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.7.4 General Electric Product Portfolio
- 4.7.5 General Electric Recent Developments
- 4.8 Imperial Electric
- 4.8.1 Imperial Electric Elevator Motor Company Information
- 4.8.2 Imperial Electric Elevator Motor Business Overview
- 4.8.3 Imperial Electric Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.8.4 Imperial Electric Product Portfolio
- 4.8.5 Imperial Electric Recent Developments
- 4.9 Ziehl-Abegg
- 4.9.1 Ziehl-Abegg Elevator Motor Company Information
- 4.9.2 Ziehl-Abegg Elevator Motor Business Overview
- 4.9.3 Ziehl-Abegg Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.9.4 Ziehl-Abegg Product Portfolio
- 4.9.5 Ziehl-Abegg Recent Developments
- 4.10 Changzhou Fulling Motor
- 4.10.1 Changzhou Fulling Motor Elevator Motor Company Information
- 4.10.2 Changzhou Fulling Motor Elevator Motor Business Overview
- 4.10.3 Changzhou Fulling Motor Elevator Motor Production, Value and Gross Margin (2021-2026)
- 4.10.4 Changzhou Fulling Motor Product Portfolio
- 4.10.5 Changzhou Fulling Motor Recent Developments
5 Global Elevator Motor Production by Region
- 5.1 Global Elevator Motor Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Elevator Motor Production by Region: 2021-2032
- 5.2.1 Global Elevator Motor Production by Region: 2021-2026
- 5.2.2 Global Elevator Motor Production Forecast by Region (2027-2032)
- 5.3 Global Elevator Motor Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Elevator Motor Production Value by Region: 2021-2032
- 5.4.1 Global Elevator Motor Production Value by Region: 2021-2026
- 5.4.2 Global Elevator Motor Production Value Forecast by Region (2027-2032)
- 5.5 Global Elevator Motor Market Price Analysis by Region (2021-2026)
- 5.6 Global Elevator Motor Production and Value, YOY Growth
- 5.6.1 North America Elevator Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Elevator Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Elevator Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Elevator Motor Production Value Estimates and Forecasts (2021-2032)
6 Global Elevator Motor Consumption by Region
- 6.1 Global Elevator Motor Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Elevator Motor Consumption by Region (2021-2032)
- 6.2.1 Global Elevator Motor Consumption by Region: 2021-2026
- 6.2.2 Global Elevator Motor Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Elevator Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Elevator Motor Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Elevator Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Elevator Motor Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Elevator Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Elevator Motor Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Elevator Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Elevator Motor Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Elevator Motor Production by Type (2021-2032)
- 7.1.1 Global Elevator Motor Production by Type (2021-2032) & (k units)
- 7.1.2 Global Elevator Motor Production Market Share by Type (2021-2032)
- 7.2 Global Elevator Motor Production Value by Type (2021-2032)
- 7.2.1 Global Elevator Motor Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Elevator Motor Production Value Market Share by Type (2021-2032)
- 7.3 Global Elevator Motor Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Elevator Motor Production by Application (2021-2032)
- 8.1.1 Global Elevator Motor Production by Application (2021-2032) & (k units)
- 8.1.2 Global Elevator Motor Production Market Share by Application (2021-2032)
- 8.2 Global Elevator Motor Production Value by Application (2021-2032)
- 8.2.1 Global Elevator Motor Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Elevator Motor Production Value Market Share by Application (2021-2032)
- 8.3 Global Elevator Motor Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Elevator Motor Value Chain Analysis
- 9.1.1 Elevator Motor Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Elevator Motor Production Mode & Process
- 9.2 Elevator Motor Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Elevator Motor Distributors
- 9.2.3 Elevator Motor Customers
10 Global Elevator Motor Analyzing Market Dynamics
- 10.1 Elevator Motor Industry Trends
- 10.2 Elevator Motor Industry Drivers
- 10.3 Elevator Motor Industry Opportunities and Challenges
- 10.4 Elevator Motor Industry Restraints
11 Report Conclusion
12 Disclaimer
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