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Traction Elevators Market

ID: MRFR/PCM/38153-HCR
111 Pages
Tejas Chaudhary
October 2025

Traction Elevators Market Research Report: By Type (Machine Room Traction Elevators, Machine Room Less Traction Elevators, Geared Traction Elevators, Gearless Traction Elevators), By Installation Type (New Installation, Modernization, Maintenance), By End Use (Residential, Commercial, Industrial, Institutional), By Drive Mechanism (AC Drive, DC Drive) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Traction Elevators Market 요약

As per MRFR analysis, the Traction Elevators Market Size was estimated at 50.46 USD Billion in 2024. The Traction Elevators industry is projected to grow from 51.78 USD Billion in 2025 to 67.08 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.62 during the forecast period 2025 - 2035.

주요 시장 동향 및 하이라이트

The Traction Elevators Market is experiencing robust growth driven by technological advancements and urbanization.

  • North America remains the largest market for traction elevators, driven by ongoing urban development and infrastructure projects.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rapid urbanization and increasing demand for modern buildings.
  • Machine room traction elevators dominate the market, while gearless traction elevators are witnessing the fastest growth due to their energy efficiency.
  • Key market drivers include technological advancements in traction elevators and sustainability initiatives that align with global environmental goals.

시장 규모 및 예측

2024 Market Size 50.46 (USD Billion)
2035 Market Size 67.08 (USD Billion)
CAGR (2025 - 2035) 2.62%

주요 기업

Otis Elevator Company (US), Schindler Group (CH), Thyssenkrupp AG (DE), Kone Corporation (FI), Mitsubishi Electric Corporation (JP), Hitachi Ltd. (JP), Toshiba Elevator and Building Systems Corporation (JP), Fujitec Co., Ltd. (JP)

Traction Elevators Market 동향

트랙션 엘리베이터 시장은 현재 기술 발전과 도시화 증가에 힘입어 주목할 만한 변화를 겪고 있습니다. 도시가 확장되고 수직 건설이 더욱 보편화됨에 따라 효율적이고 신뢰할 수 있는 엘리베이터 시스템에 대한 수요가 증가하고 있습니다. 에너지 효율성과 부드러운 작동으로 알려진 트랙션 엘리베이터는 주거용 및 상업용 건물 모두에서 선호되는 선택이 되고 있습니다. 이러한 변화는 지속 가능성에 대한 강조가 커짐에 따라 더욱 뒷받침되고 있으며, 현대의 트랙션 엘리베이터는 종종 에너지 소비와 탄소 발자국을 줄이는 친환경 기술을 통합하고 있습니다.

기술 발전

트랙션 엘리베이터 시장은 특히 스마트 엘리베이터 분야에서 기술 혁신이 급증하고 있습니다. 이러한 시스템은 IoT 연결성을 활용하여 운영 효율성과 사용자 경험을 향상시키며, 실시간 모니터링 및 예측 유지보수를 가능하게 합니다. 기술이 계속 발전함에 따라 고급 기능의 통합은 소비자들 사이에서 표준 기대사항이 될 가능성이 높습니다.

지속 가능성 초점

트랙션 엘리베이터 시장 내에서 지속 가능성에 대한 강조가 커지고 있으며, 제조업체들은 점점 더 친환경 디자인과 에너지 효율적인 솔루션을 우선시하고 있습니다. 이러한 추세는 환경 책임에 대한 사회적 변화의 일환으로, 트랙션 엘리베이터는 종종 재생 드라이브와 환경 영향을 최소화하는 재료를 특징으로 합니다.

도시화 및 인프라 개발

급속한 도시화는 트랙션 엘리베이터 시장에 상당한 영향을 미치고 있으며, 도시가 확장되고 수직 운송 솔루션에 대한 수요가 증가하고 있습니다. 이 추세는 인프라 개발이 가속화되고 있는 신흥 시장에서 특히 두드러집니다. 도시 중심지가 계속 성장함에 따라 신뢰할 수 있고 효율적인 엘리베이터 시스템에 대한 필요성이 그에 따라 증가할 것으로 예상됩니다.

Traction Elevators Market Treiber

도시화 및 인프라 개발

The ongoing trend of urbanization is a critical driver for the Traction Elevators Market. As populations migrate towards urban centers, the demand for high-rise buildings and efficient vertical transportation systems is escalating. This urban growth necessitates the construction of new residential and commercial structures, which in turn fuels the need for advanced elevator systems. Data suggests that urban areas are projected to grow significantly, leading to an increased requirement for traction elevators that can accommodate higher traffic volumes. Additionally, infrastructure development initiatives, such as smart city projects, are further propelling the market. These projects often incorporate modern elevator solutions that enhance accessibility and improve overall building functionality. Consequently, the Traction Elevators Market is poised for growth as it aligns with the demands of urbanization and infrastructure advancements.

Safety Regulations and Standards

Safety regulations and standards play a crucial role in shaping the Traction Elevators Market. Governments and regulatory bodies are continuously updating safety codes to ensure the reliability and security of elevator systems. Compliance with these regulations is not only mandatory but also influences consumer trust and market competitiveness. The implementation of advanced safety features, such as emergency braking systems and real-time monitoring, is becoming increasingly prevalent in traction elevators. This focus on safety is likely to drive innovation within the industry, as manufacturers strive to meet stringent requirements. Furthermore, as urbanization increases, the need for safe and reliable vertical transportation systems becomes paramount, thereby enhancing the demand for traction elevators. The Traction Elevators Market is expected to adapt to these evolving safety standards, ensuring that products meet or exceed regulatory expectations.

지속 가능성 이니셔티브

지속 가능성은 트랙션 엘리베이터 시장에서 중요한 동력이 되고 있으며, 이해관계자들은 점점 더 친환경 솔루션을 우선시하고 있습니다. 탄소 발자국을 줄이는 데 대한 강조가 커짐에 따라, 에너지를 덜 소모하고 재활용 가능한 자재를 포함하는 에너지 효율적인 트랙션 엘리베이터의 개발이 이루어졌습니다. 최근 연구에 따르면 엘리베이터는 건물의 에너지 소비에서 상당한 비율을 차지하므로, 지속 가능한 관행을 구현하면 상당한 절감 효과를 가져올 수 있습니다. 시장은 에너지를 건물의 전력망으로 되돌릴 수 있는 재생 드라이브가 장착된 엘리베이터로의 전환을 목격하고 있습니다. 이는 에너지 효율성을 높일 뿐만 아니라 환경을 생각하는 소비자와 개발자에게도 매력적입니다. 에너지 효율성에 대한 규제가 강화됨에 따라, 트랙션 엘리베이터 시장은 신속하게 적응할 것으로 예상되며, 혁신을 촉진하고 업계 전반에 걸쳐 지속 가능한 관행을 장려할 것입니다.

Economic Growth and Investment in Real Estate

Economic growth is a significant driver for the Traction Elevators Market, as it correlates with increased investment in real estate development. As economies expand, there is a corresponding rise in construction activities, particularly in commercial and residential sectors. This growth leads to a heightened demand for efficient vertical transportation solutions, such as traction elevators, which are preferred for their performance in high-rise buildings. Recent economic indicators suggest a positive outlook for the construction industry, with substantial investments being funneled into new projects. Additionally, the trend towards mixed-use developments is further stimulating the market, as these projects often require advanced elevator systems to facilitate smooth transportation between various levels. Consequently, the Traction Elevators Market is likely to benefit from ongoing economic growth and the resulting investments in real estate.

Technological Advancements in Traction Elevators

The Traction Elevators Market is experiencing a notable transformation due to rapid technological advancements. Innovations such as machine-room-less designs and smart elevator systems are enhancing efficiency and user experience. The integration of IoT technology allows for real-time monitoring and predictive maintenance, which can reduce downtime and operational costs. According to recent data, the adoption of these technologies is projected to increase the market share of traction elevators significantly, as they offer superior performance compared to hydraulic systems. Furthermore, advancements in energy-efficient motors and regenerative drives are contributing to lower energy consumption, aligning with the industry's shift towards sustainability. As a result, the Traction Elevators Market is likely to witness a surge in demand for these advanced systems, particularly in high-rise buildings and commercial spaces.

시장 세그먼트 통찰력

By Type: Machine Room Traction Elevators Market (Largest) vs. Gearless Traction Elevators Market (Fastest-Growing)

The Traction Elevators Market displays a diverse segmentation, with Machine Room Traction Elevators Market holding the largest market share. This segment is widely favored for its reliability and performance, making it a preferred choice in many commercial and residential buildings. In contrast, Gearless Traction Elevators Market, which are growing rapidly in adoption, offer significant advantages in energy efficiency and space-saving design, aligning with modern construction trends.

Machine Room Traction Elevators Market (Dominant) vs. Gearless Traction Elevators Market (Emerging)

Machine Room Traction Elevators Market are known for their robust design and reliability, making them a dominant force in the traction elevator market. These elevators have a dedicated machine room, allowing for powerful performance, which is essential in high-rise buildings. In comparison, Gearless Traction Elevators Market represent an emerging trend due to their energy efficiency and reduced space requirements, making them increasingly attractive for new building projects. They eliminate the need for a separate machine room, thus maximizing usable space and appealing to developers focused on sustainability and innovative design. As building codes evolve and energy efficiency becomes a priority, the market position of Gearless Traction Elevators Market is expected to strengthen.

By Installation Type: New Installation (Largest) vs. Maintenance (Fastest-Growing)

In the Traction Elevators Market, the segment values are distinctly divided among New Installation, Modernization, and Maintenance. New Installation holds the largest share as more skyscrapers and high-rise buildings are constructed globally, increasing demand for efficient and modern traction elevator systems. Modernization, while significant, lags behind in overall market impact, focusing on upgrading existing infrastructures. Conversely, the Maintenance segment, although traditionally perceived as stable, is rapidly growing as building operators prioritize ongoing support and service for installed systems to ensure operational efficiency.

New Installation (Dominant) vs. Maintenance (Emerging)

New Installation is the dominant value in the Traction Elevators Market, characterized by substantial investment in brand-new systems which cater to modern architectural designs. This segment thrives on technological advancements and energy-efficient solutions that meet contemporary building regulations. On the other hand, the Maintenance segment is emerging as a critical player, driven by the increasing emphasis on safety standards and operational reliability. As traction elevators require regular maintenance to maximize lifespan and performance, operators are increasingly engaging service contracts and ensuring compliance with evolving regulatory requirements. Overall, while New Installation continues to define the market landscape, Maintenance is rapidly gaining importance, reflecting a balanced approach to managing elevator systems.

용도별: 주거용(가장 큰) 대 상업용(가장 빠르게 성장하는)

In the traction elevators market, the end use segmentation reveals that the residential sector holds the largest market share, primarily driven by the increasing demand for high-rise residential buildings and the ongoing urbanization trends. On the other hand, the commercial sector is experiencing rapid growth, attributed to the rise in commercial construction activities and the need for efficient vertical transportation solutions to accommodate increasing foot traffic in commercial spaces. As cities evolve, the need for advanced traction elevators becomes more pronounced across diverse applications.

주거용 (주요) 대 상업용 (신흥)

The residential segment is characterized by a strong demand for traction elevators in multi-story apartment complexes and luxury residences, emphasizing comfort and convenience. This segment enjoys dominance due to the need for reliable and efficient vertical transportation in urban residential areas. In contrast, the commercial segment is marked by a surge in demand for innovative elevator solutions in office buildings, malls, and hotels. The focus here is on technology integration such as smart operation systems and energy efficiency, positioning commercial traction elevators as rapidly emerging solutions in the market, responding to both sustainability and modern user experience needs.

By Drive Mechanism: AC Drive (Largest) vs. DC Drive (Fastest-Growing)

In the Traction Elevators Market, the AC Drive segment holds the largest share, accounting for a significant portion of overall sales. This dominance can be attributed to the widespread adoption of AC drives in modern elevators due to their energy efficiency and lower maintenance costs compared to DC drives. On the other hand, the DC Drive segment, while smaller, is gaining traction rapidly due to its reliability and performance in specific applications, which has piqued the interest of manufacturers and consumers alike.

Drive Mechanism: AC Drive (Dominant) vs. DC Drive (Emerging)

AC Drives are currently the dominant technology in the Traction Elevators Market, favored for their ease of integration, energy efficiency, and reduced operational expenditures. These drives are characterized by their capacity to provide smooth acceleration and deceleration, enhancing ride comfort and efficiency. In contrast, DC Drives, once the standard, are emerging again in certain niches due to their robustness and effectiveness in high-speed applications, although they typically require more maintenance. The transition from DC to AC drives reflects an industry trend towards greater energy savings and lower emissions, highlighting a shift towards more sustainable elevator technologies.

Traction Elevators Market에 대한 더 자세한 통찰력 얻기

지역 통찰력

North America : Market Leader in Innovation

North America is the largest market for traction elevators, holding approximately 40% of the global market share. The region's growth is driven by urbanization, increasing construction activities, and a focus on energy-efficient solutions. Regulatory support for green building initiatives further catalyzes demand, as developers seek to comply with sustainability standards. The U.S. and Canada are the primary contributors to this growth, with significant investments in infrastructure and smart building technologies. The competitive landscape in North America is dominated by key players such as Otis Elevator Company and Thyssenkrupp AG, which are known for their innovative technologies and extensive service networks. The presence of established companies fosters a robust market environment, encouraging advancements in elevator design and functionality. Additionally, the region's focus on modernization and retrofitting existing buildings enhances the demand for advanced traction elevator systems.

Europe : Sustainable Growth and Innovation

Europe is the second-largest market for traction elevators, accounting for approximately 30% of the global market share. The region's growth is propelled by stringent regulations promoting energy efficiency and sustainability in building designs. Countries like Germany and France are leading the charge, with government initiatives aimed at reducing carbon footprints and enhancing urban mobility. The European Union's commitment to green building standards further supports market expansion, driving demand for modern elevator solutions. Leading countries in Europe include Germany, France, and the UK, where major players like Schindler Group and Kone Corporation are actively innovating. The competitive landscape is characterized by a strong emphasis on R&D, with companies investing in smart technologies and IoT integration. This focus on innovation not only enhances operational efficiency but also aligns with the region's sustainability goals, ensuring a robust market presence for traction elevators.

Asia-Pacific : Emerging Market with High Demand

Asia-Pacific is witnessing rapid growth in the traction elevator market, holding approximately 25% of the global market share. The region's expansion is driven by urbanization, increasing population density, and a surge in high-rise building projects. Countries like China and India are at the forefront, with significant investments in infrastructure development and smart city initiatives. Government policies promoting vertical construction and modernization of existing buildings are key catalysts for market growth. China is the largest market in the region, followed by India and Japan, where companies like Mitsubishi Electric Corporation and Hitachi Ltd. are leading the charge. The competitive landscape is marked by a mix of local and international players, fostering innovation and competitive pricing. The demand for energy-efficient and technologically advanced elevator systems is on the rise, aligning with the region's focus on sustainable urban development.

Middle East and Africa : Growing Infrastructure and Urbanization

The Middle East and Africa region is emerging as a significant player in the traction elevator market, holding approximately 5% of the global market share. The growth is primarily driven by rapid urbanization, infrastructural development, and a rising demand for high-rise buildings. Countries like the UAE and South Africa are leading this trend, with government initiatives aimed at enhancing urban infrastructure and promoting economic diversification. The region's focus on smart city projects further boosts the demand for modern elevator solutions. In the competitive landscape, key players such as Fujitec Co., Ltd. and Toshiba Elevator and Building Systems Corporation are establishing a strong presence. The market is characterized by a growing number of local manufacturers and service providers, which enhances competition and drives innovation. As urban centers expand, the need for efficient vertical transportation solutions becomes increasingly critical, positioning the region for future growth in the traction elevator market.

Traction Elevators Market Regional Image

주요 기업 및 경쟁 통찰력

The Traction Elevators Market is characterized by a dynamic landscape where innovation, technology, and customer preferences drive competition among key players. With increasing urbanization and the rapid rise in skyscraper construction, the demand for efficient vertical transportation systems has surged. Competitors are continually striving to enhance their products' performance, reliability, and energy efficiency. As sustainability becomes a central theme, many companies are investing in green technologies and smart systems that integrate seamlessly with modern building infrastructure.

This competitive arena sees both established corporations and emerging players vying to capture market share, leading to strategic partnerships, acquisitions, and a focus on research and development initiatives.Kone has established itself as a formidable player within the Traction Elevators Market, focusing on innovation and customer-centric solutions. Known for its commitment to quality and sustainability, Kone has designed a range of traction elevators that not only meet but often exceed industry standards. The company leverages advanced technologies to optimize the performance of its elevators, making them smoother, faster, and more efficient.

Kone's emphasis on digitalization has further enhanced its market presence, enabling it to offer comprehensive maintenance services and real-time monitoring systems that improve operational efficiency for building owners. The combination of a robust product portfolio and strong customer relationships has fortified Kone's status as a leader in the industry.Dover Corporation operates prominently in the Traction Elevators Market, showcasing a diversified approach to elevator solutions that appeal to various segments of the market. With a focus on innovation, Dover Corporation integrates cutting-edge technology into its traction elevator systems, enhancing safety, speed, and energy efficiency.

The company is recognized for its ability to customize solutions to meet specific client demands, thereby expanding its reach across different geographical regions and building types. Dover Corporation's strong engineering capabilities and commitment to sustainability position it advantageously in an increasingly eco-conscious marketplace. This adaptability enables Dover Corporation to maintain a competitive edge as it responds to evolving market trends and customer expectations.

Traction Elevators Market 시장의 주요 기업은 다음과 같습니다

산업 발전

Recent developments in the Traction Elevators Market indicate a steady growth trajectory, with market leaders such as Otis, Kone, and Schindler focusing on innovation and modernization of their offerings to meet increasing urbanization demands. The sustainability trend is gaining momentum, prompting companies like Thyssenkrupp and Mitsubishi Electric to incorporate eco-friendly technologies into their elevator systems. Additionally, during the past quarter, Dover Corporation announced strategic enhancements to its product line, enhancing efficiency and addressing customer needs in smart building solutions.

Recent mergers and acquisitions have also shaped the market landscape, notably with Johnson Lifts actively seeking partnerships to expand its geographical reach. Companies like Emerson Electric are leveraging technological advancements to improve user experience and operational efficiency in elevator systems. The market valuation of these companies reflects positive growth, with projections estimating increased demand driven by construction and infrastructure projects worldwide. This evolving landscape showcases the competitive dynamics and the push towards digitalization and sustainable practices among key players in the Traction Elevators Market.

향후 전망

Traction Elevators Market 향후 전망

트랙션 엘리베이터 시장은 2024년부터 2035년까지 2.62%의 연평균 성장률(CAGR)로 성장할 것으로 예상되며, 이는 도시화, 기술 발전 및 지속 가능성 이니셔티브에 의해 주도됩니다.

새로운 기회는 다음에 있습니다:

  • Integration of IoT for predictive maintenance solutions.
  • Development of energy-efficient elevator systems for green buildings.
  • Expansion into emerging markets with tailored elevator solutions.

2035년까지 시장은 변화하는 소비자 수요와 기술 혁신을 반영하여 강력한 성장을 보일 것으로 예상됩니다.

시장 세분화

Traction Elevators Market Type Outlook

  • Machine Room Traction Elevators
  • Machine Room Less Traction Elevators
  • Geared Traction Elevators
  • Gearless Traction Elevators

Traction Elevators Market End Use Outlook

  • 주거용
  • 상업용
  • 산업용
  • 기관용

Traction Elevators Market Drive Mechanism Outlook

  • AC Drive
  • DC Drive

Traction Elevators Market Installation Type Outlook

  • 새로운 설치
  • 현대화
  • 유지보수

보고서 범위

2024년 시장 규모50.46(억 달러)
2025년 시장 규모51.78(억 달러)
2035년 시장 규모67.08(억 달러)
연평균 성장률 (CAGR)2.62% (2024 - 2035)
보고서 범위수익 예측, 경쟁 환경, 성장 요인 및 트렌드
기준 연도2024
시장 예측 기간2025 - 2035
역사적 데이터2019 - 2024
시장 예측 단위억 달러
주요 기업 프로필시장 분석 진행 중
포함된 세그먼트시장 세분화 분석 진행 중
주요 시장 기회트랙션 엘리베이터 시장에서 스마트 기술 및 에너지 효율적인 솔루션의 통합.
주요 시장 역학기술 발전 및 규제 변화가 트랙션 엘리베이터 시장의 혁신과 경쟁을 주도합니다.
포함된 국가북미, 유럽, 아시아 태평양, 남미, 중동 및 아프리카

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FAQs

What is the projected market valuation of the Traction Elevators Market by 2035?

The Traction Elevators Market is projected to reach a valuation of 67.08 USD Billion by 2035.

What was the market valuation of the Traction Elevators Market in 2024?

In 2024, the market valuation of the Traction Elevators Market was 50.46 USD Billion.

What is the expected CAGR for the Traction Elevators Market during the forecast period 2025 - 2035?

The expected CAGR for the Traction Elevators Market during the forecast period 2025 - 2035 is 2.62%.

Which segment of Traction Elevators had the highest valuation in 2024?

In 2024, the 'New Installation' segment had the highest valuation at 20.18 USD Billion.

What are the key players in the Traction Elevators Market?

Key players in the Traction Elevators Market include Otis Elevator Company, Schindler Group, Thyssenkrupp AG, and Kone Corporation.

How much is the 'Machine Room Traction Elevators' segment projected to be worth by 2035?

The 'Machine Room Traction Elevators' segment is projected to be worth 26.73 USD Billion by 2035.

What is the projected valuation for the 'Maintenance' segment by 2035?

The 'Maintenance' segment is projected to reach a valuation of 21.08 USD Billion by 2035.

2035년까지 가장 많이 성장할 것으로 예상되는 최종 사용 세그먼트는 무엇입니까?

The 'Commercial' end-use segment is expected to grow the most, reaching 25.0 USD Billion by 2035.

What is the projected value of the 'Gearless Traction Elevators' segment by 2035?

The 'Gearless Traction Elevators' segment is projected to be valued at 10.67 USD Billion by 2035.

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