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Europe Elevators Market Share

Report ID: GMI12139
Published Date: Nov 2024
Report Format: PDF

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Europe Elevators Market Share

Europe Elevators Market Size, 2021 – 2032 (USD Billion)

In 2023, key companies like Fujitec, Hitachi, Kone, Mitsubishi electric , Schindler and others held a combined market share of 5%-10%. These companies are focusing on digital transformation and smart technologies like IoT and AI to improve efficiency and user convenience. They develop energy-efficient and eco-friendly products to meet European regulations. These companies also offer customer-focused services, including customized maintenance and modernization, while expanding their service networks. They invest in R&D for new safety features and flexible solutions to meet different market needs, ensuring a strong market presence.

Europe Elevators Market Companies

Major players operating in the Europe elevators industry are:

Aritco lift AB
Cibes Lift AB
Fujitec
Hitachi
Hyundai elevator
Kleemann
Kone
Mitsubishi Electric
Oti’s elevators
Schindler
Stannah Europe
ThyssenKrupp Elevator Europe
TK elevator
Toshiba group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The European market for elevators was reached USD 23.15 billion in 2023 and is estimated to grow at a CAGR of over 2% from 2024 to 2032, driven by rapidly advancing technologies and rising demand for smart elevators.

The hydraulic product segment was worth about USD 12.4 billion in 2023 and is projected to grow at a CAGR of over 1.4% from 2024 to 2032, as they are ideal for low- to mid-rise buildings.

The single deck segment held around 56% of the market share in 2023 and is anticipated to grow at a CAGR of 1.7% from 2024 to 2032, due to their cost-effectiveness, space-saving design, and energy efficiency.

Technological advancements, including smart elevators, enhanced digital security, and energy-efficient models, are driving the growth of the Europe elevators market.

Key players in the Europe elevators industry include Aritco lift AB, Cibes Lift AB, Fujitec, Hitachi, Hyundai elevator, Kleemann, Kone, Mitsubishi Electric, Oti