Selected research
Industry Growth & Trends
Global Elevator Motor Industry Growth and Trends Forecast to 2032
Market perspective
The global Elevator Motor 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 Elevator Motor 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 Elevator Motor 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 Elevator Motor 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 Elevator Motor include Columbus McKinnon, Global Partner Elevator, LEESON Electric, Nidec Motor, Schindler Elevator, Siemens, General Electric, Imperial Electric and Ziehl-Abegg, 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 Elevator Motor market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Elevator Motor market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Elevator Motor 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 Elevator Motor.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Elevator Motor 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.
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: 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 Elevator Motor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Elevator Motor 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
- 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Elevator Motor Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Elevator Motor Sales Estimates and Forecasts (2021-2032)
- 1.3 Elevator Motor Market by Type
- 1.3.1 Geared Type
- 1.3.2 Gearless Traction Type
- 1.4 Global Elevator Motor Market Size by Type
- 1.4.1 Global Elevator Motor Market Size Overview by Type (2021-2032)
- 1.4.2 Global Elevator Motor Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Elevator Motor Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Elevator Motor Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Elevator Motor Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Elevator Motor Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Elevator Motor Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Elevator Motor Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Elevator Motor Industry Trends
- 2.2 Elevator Motor Industry Drivers
- 2.3 Elevator Motor Industry Opportunities and Challenges
- 2.4 Elevator Motor Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Elevator Motor Revenue (2021-2026)
- 3.2 Global Top Players by Elevator Motor Sales (2021-2026)
- 3.3 Global Top Players by Elevator Motor Price (2021-2026)
- 3.4 Global Elevator Motor Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Elevator Motor Major Company Production Sites & Headquarters
- 3.6 Global Elevator Motor Company, Product Type & Application
- 3.7 Global Elevator Motor Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Elevator Motor Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Elevator Motor Players Market Share by Revenue in 2025
- 3.8.3 2025 Elevator Motor Tier 1, Tier 2, and Tier 3
4 Elevator Motor Regional Status and Outlook
- 4.1 Global Elevator Motor Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Elevator Motor Historic Market Size by Region
- 4.2.1 Global Elevator Motor Sales in Volume by Region (2021-2026)
- 4.2.2 Global Elevator Motor Sales in Value by Region (2021-2026)
- 4.2.3 Global Elevator Motor Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Elevator Motor Forecasted Market Size by Region
- 4.3.1 Global Elevator Motor Sales in Volume by Region (2027-2032)
- 4.3.2 Global Elevator Motor Sales in Value by Region (2027-2032)
- 4.3.3 Global Elevator Motor Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Elevator Motor by Application
- 5.1 Elevator Motor Market by Application
- 5.1.1 House
- 5.1.2 Shopping Malls
- 5.1.3 Parking Lot
- 5.1.4 Airport
- 5.1.5 Other
- 5.2 Global Elevator Motor Market Size by Application
- 5.2.1 Global Elevator Motor Market Size Overview by Application (2021-2032)
- 5.2.2 Global Elevator Motor Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Elevator Motor Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Elevator Motor Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Elevator Motor Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Elevator Motor Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Elevator Motor Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Elevator Motor Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Columbus McKinnon
- 6.1.1 Columbus McKinnon Company Information
- 6.1.2 Columbus McKinnon Business Overview
- 6.1.3 Columbus McKinnon Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Columbus McKinnon Elevator Motor Product Portfolio
- 6.1.5 Columbus McKinnon Recent Developments
- 6.2 Global Partner Elevator
- 6.2.1 Global Partner Elevator Company Information
- 6.2.2 Global Partner Elevator Business Overview
- 6.2.3 Global Partner Elevator Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Global Partner Elevator Elevator Motor Product Portfolio
- 6.2.5 Global Partner Elevator Recent Developments
- 6.3 LEESON Electric
- 6.3.1 LEESON Electric Company Information
- 6.3.2 LEESON Electric Business Overview
- 6.3.3 LEESON Electric Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 LEESON Electric Elevator Motor Product Portfolio
- 6.3.5 LEESON Electric Recent Developments
- 6.4 Nidec Motor
- 6.4.1 Nidec Motor Company Information
- 6.4.2 Nidec Motor Business Overview
- 6.4.3 Nidec Motor Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Nidec Motor Elevator Motor Product Portfolio
- 6.4.5 Nidec Motor Recent Developments
- 6.5 Schindler Elevator
- 6.5.1 Schindler Elevator Company Information
- 6.5.2 Schindler Elevator Business Overview
- 6.5.3 Schindler Elevator Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Schindler Elevator Elevator Motor Product Portfolio
- 6.5.5 Schindler Elevator Recent Developments
- 6.6 Siemens
- 6.6.1 Siemens Company Information
- 6.6.2 Siemens Business Overview
- 6.6.3 Siemens Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Siemens Elevator Motor Product Portfolio
- 6.6.5 Siemens Recent Developments
- 6.7 General Electric
- 6.7.1 General Electric Company Information
- 6.7.2 General Electric Business Overview
- 6.7.3 General Electric Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 General Electric Elevator Motor Product Portfolio
- 6.7.5 General Electric Recent Developments
- 6.8 Imperial Electric
- 6.8.1 Imperial Electric Company Information
- 6.8.2 Imperial Electric Business Overview
- 6.8.3 Imperial Electric Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Imperial Electric Elevator Motor Product Portfolio
- 6.8.5 Imperial Electric Recent Developments
- 6.9 Ziehl-Abegg
- 6.9.1 Ziehl-Abegg Company Information
- 6.9.2 Ziehl-Abegg Business Overview
- 6.9.3 Ziehl-Abegg Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Ziehl-Abegg Elevator Motor Product Portfolio
- 6.9.5 Ziehl-Abegg Recent Developments
- 6.10 Changzhou Fulling Motor
- 6.10.1 Changzhou Fulling Motor Company Information
- 6.10.2 Changzhou Fulling Motor Business Overview
- 6.10.3 Changzhou Fulling Motor Elevator Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Changzhou Fulling Motor Elevator Motor Product Portfolio
- 6.10.5 Changzhou Fulling Motor Recent Developments
7 North America by Country
- 7.1 North America Elevator Motor Sales by Country
- 7.1.1 North America Elevator Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Elevator Motor Sales by Country (2021-2026)
- 7.1.3 North America Elevator Motor Sales Forecast by Country (2027-2032)
- 7.2 North America Elevator Motor Market Size by Country
- 7.2.1 North America Elevator Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Elevator Motor Market Size by Country (2021-2026)
- 7.2.3 North America Elevator Motor Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Elevator Motor Sales by Country
- 8.1.1 Europe Elevator Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Elevator Motor Sales by Country (2021-2026)
- 8.1.3 Europe Elevator Motor Sales Forecast by Country (2027-2032)
- 8.2 Europe Elevator Motor Market Size by Country
- 8.2.1 Europe Elevator Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Elevator Motor Market Size by Country (2021-2026)
- 8.2.3 Europe Elevator Motor Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Elevator Motor Sales by Country
- 9.1.1 Asia-Pacific Elevator Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Elevator Motor Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Elevator Motor Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Elevator Motor Market Size by Country
- 9.2.1 Asia-Pacific Elevator Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Elevator Motor Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Elevator Motor Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Elevator Motor Sales by Country
- 10.1.1 South America Elevator Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Elevator Motor Sales by Country (2021-2026)
- 10.1.3 South America Elevator Motor Sales Forecast by Country (2027-2032)
- 10.2 South America Elevator Motor Market Size by Country
- 10.2.1 South America Elevator Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Elevator Motor Market Size by Country (2021-2026)
- 10.2.3 South America Elevator Motor Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Elevator Motor Sales by Country
- 11.1.1 Middle East and Africa Elevator Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Elevator Motor Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Elevator Motor Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Elevator Motor Market Size by Country
- 11.2.1 Middle East and Africa Elevator Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Elevator Motor Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Elevator Motor Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Elevator Motor Value Chain Analysis
- 12.1.1 Elevator Motor 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 Elevator Motor Production Mode & Process
- 12.2 Elevator Motor Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Elevator Motor Distributors
- 12.2.3 Elevator Motor 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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