U.S. Elevator Market Size and Statistics

Name: U.S. Elevator Market Size and Statistics - 2030
Creator: Next Move Strategy Consulting
Published: 2025-08-08T05:30:00+05:30

U.S. Elevator Market by Type (Passenger elevator, Freight elevator and Others), by Technology (Traction and Hydraulic), by Service (New Installation, Maintenance and Modernization), by Capacity (Less than 1500 kg, 1500 to 2500 kg, 2501 to 4000 kg and More than 4000 kg) by Speed (Less than 1 M/S, Between 1 to 4 M/S and More than 5 M/S), by Deck type (Single Deck and Double Deck) and Others- Opportunity Analysis and Industry Forecast, 2025 –2030

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Market Definition

According to NMSC, the US Elevator Market size in 2024 was USD 12.36 billion, and is estimated to reach USD 13.49 billion in 2025 and is projected to reach USD 17.45 billion by 2030 with a CAGR of 5.29%. According to NMSC, in term of volume the market size was 45 thousand units in 2024, 53 thousand units in 2025 and is projected to reach 75 thousand units by 2030 with a CAGR of 7.32%. The elevator market represents a dynamic sector encompassing the design, manufacturing, installation, and maintenance of elevator systems. From conventional traction elevators to cutting-edge smart solutions, this market offers a diverse array of vertical transportation choices customized to suit the distinct requirements of various buildings and infrastructure projects. Stakeholders within the elevator market include manufacturers, suppliers, contractors, architects, building owners, and facility managers.

Manufacturers continuously innovate to enhance elevator performance, safety, and sustainability, while suppliers provide critical components and materials necessary for system construction. Additionally, sustainability considerations, including energy efficiency and material recyclability, are increasingly integral to elevator design and operation. They align with broader environmental objectives and sustainable building practices. Thus, the elevator market is a cornerstone of vertical mobility as elevators enhance functionality, accessibility, and sustainability within buildings and urban landscapes worldwide.

Global Industry Leaders Strengthen Innovation Ecosystem

The presence of major global elevator manufacturers such as Otis, KONE, Schindler, and Mitsubishi Electric continues to shape the U.S. elevator market. These companies not only bring cutting-edge technologies but also set industry benchmarks in safety, design, and sustainability. Their consistent investment in R&D ensures that the latest advancements—like energy-efficient systems, remote diagnostics, and hygiene-focused designs—are readily available in the U.S. market. This ecosystem of innovation, supported by strong after-sales service networks and strategic partnerships, accelerates the domestic transition toward smarter and more sustainable elevator systems.

Smart Technologies Drive Next-Gen Urban Mobility

The U.S. elevator market is increasingly defined by its shift toward intelligent and connected systems. The integration of elevators with building management platforms and smart city infrastructure has enabled new capabilities such as real-time performance monitoring, AI-driven maintenance, and touchless user interfaces. These features are no longer optional but are becoming standard in new installations, especially in high-rise commercial and residential buildings. As urban development becomes more digitized and sustainability-focused, smart elevators are playing a key role in improving energy efficiency, user safety, and building-wide operational efficiency.

Skilled Labor Shortage and Regulatory Complexity Delay Project Timelines

One of the growing challenges in the U.S. elevator market is the shortage of skilled technicians and certified installers, which affects both new installations and maintenance operations. As the demand for advanced elevator systems increases, particularly in high-rise and smart buildings, the availability of specialized labor has not kept pace. This gap leads to project delays, higher labor costs, and difficulties in scaling service operations across multiple regions.

In addition, varying state-level regulations and licensing requirements further complicate project execution. Compliance with different codes, inspection protocols, and union rules can result in extended approval timelines and added administrative burdens for developers and service providers. These challenges collectively hinder operational efficiency and act as a bottleneck in accelerating elevator deployment and modernization across the country.

Green Building Mandates Unlock New Demand for Sustainable Elevator Solutions

The rising focus on energy-efficient buildings and stricter green construction mandates across the U.S. presents a significant opportunity for the elevator market. As cities and states adopt updated building codes aligned with LEED, WELL, and other sustainability frameworks, there is growing demand for elevators that support lower energy consumption, regenerative braking, and recyclable materials.

This shift opens doors for manufacturers to develop and market eco-friendly elevator systems that meet both regulatory standards and ESG goals. In both new construction and modernization projects, sustainable elevator technologies are becoming a key differentiator for developers and facility owners looking to future-proof their buildings. This trend is expected to gain momentum as the U.S. moves toward decarbonizing the built environment.

Competitive Landscape

The U.S. elevator market comprises various market players, such as Otis Worldwide Corporation, KONE Corporation, Fujitec Co., Ltd., Schindler Group, Sigma Elevator, TK Elevator, Mitsubishi Electric US, Inc., Hyundai Elevator, Toshiba Corporation, Delta Elevators, Schumacher Elevator Company, American Crescent Elevator Corp., Day Elevator and Lift, Inclinator Company of America, Savaria Corporation, and others.

U.S. Elevator Market Key Segments

By Type

Passenger elevator
Freight elevator
Others

By Technology

Traction
- Machine Room [MR] Traction
- Machine Roomless [MRL] Traction
Hydraulic

By Service

New Installation
Maintenance
Modernization

By Capacity

Less than 1500 kg
1500 to 2500 kg
2501 to 4000 kg
More than 4000 kg

By Speed

Less than 1 M/S
Between 1 to 4 M/S
More than 5 M/S

By Deck Type

Single Deck
Double Deck

By Designation Control

Smart
Conventional

By Door Type

Automatic
Manual

By End-user

Residential
- Low Rise: 10 floors
- Mid Rise: 11-30 floors
- High Rise: above 30 floors
- Affordable Housing
- Villa/home
Commercial
- Airport
- Hotel
- Marine
- Medical
- Office
- Leisure and Education
- Retail
- Public Transportation
Industrial

Key Players

Otis Worldwide Corporation
KONE Corporation
Fujitec Co., Ltd.
Schindler Group
Sigma Elevator
TK Elevator
Mitsubishi Electric US, Inc.
Hyundai Elevator
Toshiba Corporation
Delta Elevators
Schumacher Elevator Company
American Crescent Elevator Corp.
Day Elevator and Lift
Inclinator Company of America
Savaria Corporation

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2025	USD 13.49 Billion
Revenue Forecast in 2030	USD 17.45 Billion
Growth Rate	CAGR of 5.29% from 2024 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Global Industry Leaders Strengthen Innovation Ecosystem Smart Technologies Drive Next-Gen Urban Mobility
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

1. 1.1. REPORT DESCRIPTION
2. 1.2. WHO SHOULD READ THIS REPORT
3. 1.3. KEY MARKET SEGMENTS
4. 1.4. RESEARCH METHODOLOGY
5. 1. 1.4.1 MARKET SIZE ESTIMATION METHODOLOGY
  2. 1. 1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH
    2. 1.4.1.2. DEMAND AND SUPPLY SIDE ANALYSIS
    3. 1.4.1.3. MACRO-INDICATOR APPROACH
  3. 1.4.2 DATA COLLECTION APPROACH
  4. 1. 1.4.2.1. PRIMARY DATA COLLECTION
    2. 1.4.2.2. SECONDARY DATA COLLECTION
  5. 1.4.3 SECONDARY DATA SOURCES
  6. 1.4.4 FORECASTING

1. 2.1. DEFINITION
2. 2.2. SCOPE

1. 3.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

1. 4.1. MARKET DYNAMICS
2. 1. 4.1.1 DRIVERS
  2. 1. 4.1.1.1. GLOBAL INDUSTRY LEADERS STRENGTHEN INNOVATION ECOSYSTEM
    2. 4.1.1.2. SMART TECHNOLOGIES DRIVE NEXT-GEN URBAN MOBILITY
  3. 4.1.2 RESTRAINT
  4. 1. 4.1.2.1. SKILLED LABOR SHORTAGE AND REGULATORY COMPLEXITY DELAY PROJECT TIMELINES
  5. 4.1.3 OPPORTUNITY
  6. 1. 4.1.3.1. GREEN BUILDING MANDATES UNLOCK NEW DEMAND FOR SUSTAINABLE ELEVATOR SOLUTIONS

1. 5.1. MARKET SHARE ANALYSIS OF TOP 10 U.S. ELEVATOR PROVIDERS, 2024

1. 6.1 OVERVIEW
2. 6.2 PASSENGER ELEVATOR MARKET
3. 6.3 FREIGHT ELEVATOR MARKET
4. 6.4 OTHERS MARKET

1. 7.1 OVERVIEW
2. 7.2 TRACTION MARKET
3. 1. 7.2.1 MACHINE ROOM [MR] TRACTION
  2. 7.2.2 MACHINE ROOMLESS [MRL] TRACTION
4. 7.3 HYDRAULIC MARKET

1. 8.1 OVERVIEW
2. 8.2 NEW INSTALLATION MARKET
3. 8.3 MAINTENANCE MARKET
4. 8.4 MODERNIZATION MARKET

1. 9.1 OVERVIEW
2. 9.2 LESS THAN 1500 KG MARKET
3. 9.3 1500 TO 2500 KG MARKET
4. 9.4 2501 TO 4000 KG MARKET
5. 9.5 MORE THAN 4000 KG MARKET

1. 10.1 OVERVIEW
2. 10.2 LESS THAN 1 M/S MARKET
3. 10.3 BETWEEN 1 TO 4 M/S MARKET
4. 10.4 MORE THAN 5 TO 6 M/S MARKET

1. 11.1 OVERVIEW
2. 11.2 SINGLE DECK MARKET
3. 11.3 DOUBLE DECK MARKET

1. 12.1 OVERVIEW
2. 12.2 SMART MARKET
3. 12.3 CONVENTIONAL MARKET

1. 13.1 OVERVIEW
2. 13.2 AUTOMATIC MARKET
3. 13.3 MANUAL MARKET

1. 14.1 OVERVIEW
2. 14.2 RESIDENTIAL MARKET
3. 1. 14.2.1 LOW RISE 10 FLOORS
  2. 14.2.2 MID RISE 11-30 FLOORS
  3. 14.2.3 HIGH RISE ABOVE 30 FLOORS
  4. 14.2.4 AFFORDABLE HOUSING
  5. 14.2.5 VILLA/HOME
4. 14.3 COMMERCIAL MARKET
5. 1. 14.3.1 AIRPORT
  2. 14.3.2 HOTEL
  3. 14.3.3 MARINE
  4. 14.3.4 MEDICAL
  5. 14.3.5 OFFICE
  6. 14.3.6 LEISURE AND EDUCATION
  7. 14.3.7 RETAIL
  8. 14.3.8 PUBLIC TRANSPORTATION
6. 14.4 INDUSTRIAL MARKET

1. 15.1 OTIS WORLDWIDE CORPORATION
2. 1. 15.1.1 COMPANY OVERVIEW
  2. 15.1.2 COMPANY SNAPSHOT
  3. 15.1.3 OPERATING BUSINESS SEGMENTS
  4. 15.1.4 PRODUCT PORTFOLIO
  5. 15.1.5 BUSINESS PERFORMANCE
  6. 15.1.6 BUSINESS SEGMENTS
  7. 15.1.7 GEOGRAPHIC SEGMENTS
  8. 15.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.1.9 PRIMARY MARKET COMPETITORS
3. 15.2 KONE CORPORATION
4. 1. 15.2.1 COMPANY OVERVIEW
  2. 15.2.2 COMPANY SNAPSHOT
  3. 15.2.3 OPERATING BUSINESS SEGMENTS
  4. 15.2.4 PRODUCT PORTFOLIO
  5. 15.2.5 BUSINESS PERFORMANCE
  6. 15.2.6 BUSINESS SEGMENTS
  7. 15.2.7 GEOGRAPHIC SEGMENTS
  8. 15.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.2.9 PRIMARY MARKET COMPETITORS
5. 15.3 FUJITEC CO., LTD.
6. 1. 15.3.1 COMPANY OVERVIEW
  2. 15.3.2 COMPANY SNAPSHOT
  3. 15.3.3 OPERATING BUSINESS SEGMENTS
  4. 15.3.4 PRODUCT PORTFOLIO
  5. 15.3.5 BUSINESS PERFORMANCE
  6. 15.3.6 BUSINESS SEGMENTS
  7. 15.3.7 GEOGRAPHIC SEGMENTS
  8. 15.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.3.9 PRIMARY MARKET COMPETITORS
7. 15.4 SCHINDLER GROUP
8. 1. 15.4.1 COMPANY OVERVIEW
  2. 15.4.2 COMPANY SNAPSHOT
  3. 15.4.3 OPERATING BUSINESS SEGMENTS
  4. 15.4.4 PRODUCT PORTFOLIO
  5. 15.4.5 BUSINESS PERFORMANCE
  6. 15.4.6 BUSINESS SEGMENTS
  7. 15.4.7 GEOGRAPHIC SEGMENTS
  8. 15.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.4.9 PRIMARY MARKET COMPETITORS
9. 15.5 SIGMA ELEVATOR
10. 1. 15.5.1 COMPANY OVERVIEW
  2. 15.5.2 COMPANY SNAPSHOT
  3. 15.5.3 OPERATING BUSINESS SEGMENTS
  4. 15.5.4 PRODUCT PORTFOLIO
  5. 15.5.5 BUSINESS PERFORMANCE
  6. 15.5.6 BUSINESS SEGMENTS
  7. 15.5.7 GEOGRAPHIC SEGMENTS
  8. 15.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.5.9 PRIMARY MARKET COMPETITORS
11. 15.6 TK ELEVATOR
12. 1. 15.6.1 COMPANY OVERVIEW
  2. 15.6.2 COMPANY SNAPSHOT
  3. 15.6.3 OPERATING BUSINESS SEGMENTS
  4. 15.6.4 PRODUCT PORTFOLIO
  5. 15.6.5 BUSINESS PERFORMANCE
  6. 15.6.6 BUSINESS SEGMENTS
  7. 15.6.7 GEOGRAPHIC SEGMENTS
  8. 15.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.6.9 PRIMARY MARKET COMPETITORS
13. 15.7 MITSUBISHI ELECTRIC US, INC.
14. 1. 15.7.1 COMPANY OVERVIEW
  2. 15.7.2 COMPANY SNAPSHOT
  3. 15.7.3 OPERATING BUSINESS SEGMENTS
  4. 15.7.4 PRODUCT PORTFOLIO
  5. 15.7.5 BUSINESS PERFORMANCE
  6. 15.7.6 BUSINESS SEGMENTS
  7. 15.7.7 GEOGRAPHIC SEGMENTS
  8. 15.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.7.9 PRIMARY MARKET COMPETITORS
15. 15.8 HYUNDAI ELEVATOR
16. 1. 15.8.1 COMPANY OVERVIEW
  2. 15.8.2 COMPANY SNAPSHOT
  3. 15.8.3 OPERATING BUSINESS SEGMENTS
  4. 15.8.4 PRODUCT PORTFOLIO
  5. 15.8.5 BUSINESS PERFORMANCE
  6. 15.8.6 BUSINESS SEGMENTS
  7. 15.8.7 GEOGRAPHIC SEGMENTS
  8. 15.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.8.9 PRIMARY MARKET COMPETITORS
17. 15.9 TOSHIBA CORPORATION
18. 1. 15.9.1 COMPANY OVERVIEW
  2. 15.9.2 COMPANY SNAPSHOT
  3. 15.9.3 OPERATING BUSINESS SEGMENTS
  4. 15.9.4 PRODUCT PORTFOLIO
  5. 15.9.5 BUSINESS PERFORMANCE
  6. 15.9.6 BUSINESS SEGMENTS
  7. 15.9.7 GEOGRAPHIC SEGMENTS
  8. 15.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.9.9 PRIMARY MARKET COMPETITORS
19. 15.10 DELTA ELEVATORS
20. 1. 15.10.1 COMPANY OVERVIEW
  2. 15.10.2 COMPANY SNAPSHOT
  3. 15.10.3 OPERATING BUSINESS SEGMENTS
  4. 15.10.4 PRODUCT PORTFOLIO
  5. 15.10.5 BUSINESS PERFORMANCE
  6. 15.10.6 BUSINESS SEGMENTS
  7. 15.10.7 GEOGRAPHIC SEGMENTS
  8. 15.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.10.9 PRIMARY MARKET COMPETITORS
21. 15.11 SCHUMACHER ELEVATOR COMPANY
22. 1. 15.11.1 COMPANY OVERVIEW
  2. 15.11.2 COMPANY SNAPSHOT
  3. 15.11.3 OPERATING BUSINESS SEGMENTS
  4. 15.11.4 PRODUCT PORTFOLIO
  5. 15.11.5 BUSINESS PERFORMANCE
  6. 15.11.6 BUSINESS SEGMENTS
  7. 15.11.7 GEOGRAPHIC SEGMENTS
  8. 15.11.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.11.9 PRIMARY MARKET COMPETITORS
23. 15.12 AMERICAN CRESCENT ELEVATOR CORP.
24. 1. 15.12.1 COMPANY OVERVIEW
  2. 15.12.2 COMPANY SNAPSHOT
  3. 15.12.3 OPERATING BUSINESS SEGMENTS
  4. 15.12.4 PRODUCT PORTFOLIO
  5. 15.12.5 BUSINESS PERFORMANCE
  6. 15.12.6 BUSINESS SEGMENTS
  7. 15.12.7 GEOGRAPHIC SEGMENTS
  8. 15.12.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.12.9 PRIMARY MARKET COMPETITORS
25. 15.13 DAY ELEVATOR AND LIFT
26. 1. 15.13.1 COMPANY OVERVIEW
  2. 15.13.2 COMPANY SNAPSHOT
  3. 15.13.3 OPERATING BUSINESS SEGMENTS
  4. 15.13.4 PRODUCT PORTFOLIO
  5. 15.13.5 BUSINESS PERFORMANCE
  6. 15.13.6 BUSINESS SEGMENTS
  7. 15.13.7 GEOGRAPHIC SEGMENTS
  8. 15.13.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.13.9 PRIMARY MARKET COMPETITORS
27. 15.14 INCLINATOR COMPANY OF AMERICA
28. 1. 15.14.1 COMPANY OVERVIEW
  2. 15.14.2 COMPANY SNAPSHOT
  3. 15.14.3 OPERATING BUSINESS SEGMENTS
  4. 15.14.4 PRODUCT PORTFOLIO
  5. 15.14.5 BUSINESS PERFORMANCE
  6. 15.14.6 BUSINESS SEGMENTS
  7. 15.14.7 GEOGRAPHIC SEGMENTS
  8. 15.14.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.14.9 PRIMARY MARKET COMPETITORS
29. 15.15 SAVARIA CORPORATION
30. 1. 15.15.1 COMPANY OVERVIEW
  2. 15.15.2 COMPANY SNAPSHOT
  3. 15.15.3 OPERATING BUSINESS SEGMENTS
  4. 15.15.4 PRODUCT PORTFOLIO
  5. 15.15.5 BUSINESS PERFORMANCE
  6. 15.15.6 BUSINESS SEGMENTS
  7. 15.15.7 GEOGRAPHIC SEGMENTS
  8. 15.15.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.15.9 PRIMARY MARKET COMPETITORS

TABLE 1. U.S. ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
TABLE 2. U.S. ELEVATOR MARKET VOLUME, BY TYPE, 2024-2030, (UNITS)
TABLE 3. PASSENGER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 4. PASSENGER ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 5. FREIGHT ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 6. FREIGHT ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 7. OTHER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 8. OTHER ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 9. U.S. ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
TABLE 10. U.S. ELEVATOR MARKET VOLUME, BY TECHNOLOGY, 2024-2030, (UNITS)
TABLE 11. TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 12. TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 13. MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 14. MACHINE ROOM (MR) TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 15. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 16. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 17. HYDRAULIC, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 18. HYDRAULIC, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 19. U.S. ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
TABLE 20. U.S. ELEVATOR MARKET VOLUME, BY SERVICE, 2024-2030, (UNITS)
TABLE 21. NEW INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 22. NEW INSTALLATION, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 23. MAINTENANCE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 24. MAINTENANCE, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 25. MODERNIZATION, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 26. MODERNIZATION, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 27. U.S. ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
TABLE 28. U.S. ELEVATOR MARKET VOLUME, BY CAPACITY, 2024-2030, (UNITS)
TABLE 29. LESS THAN 1500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 30. LESS THAN 1500 KG, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 31. 1500 TO 2500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 32. 1500 TO 2500 KG, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 33. 2501 TO 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 34. 2501 TO 4000 KG, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 35. MORE THAN 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 36. MORE THAN 4000 KG, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 37. U.S. ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
TABLE 38. U.S. ELEVATOR MARKET VOLUME, BY SPEED, 2024-2030, (UNITS)
TABLE 39. LESS THAN 1 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 40. LESS THAN 1 M/S, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 41. BETWEEN 1 TO 4 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 42. BETWEEN 1 TO 4 M/S, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 43. MORE THAN 5 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 44. MORE THAN 5 M/S, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 45. U.S. ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
TABLE 46. U.S. ELEVATOR MARKET VOLUME, BY DECK TYPE, 2024-2030, (UNITS)
TABLE 47. SINGLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 48. SINGLE DECK, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 49. DOUBLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 50. DOUBLE DECK, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 51. U.S. ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
TABLE 52. U.S. ELEVATOR MARKET VOLUME, BY DESIGNATION CONTROL, 2024-2030, (UNITS)
TABLE 53. SMART, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 54. SMART, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 55. CONVENTIONAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 56. CONVENTIONAL, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 57. U.S. ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
TABLE 58. U.S. ELEVATOR MARKET VOLUME, BY DOOR TYPE, 2024-2030, (UNITS)
TABLE 59. AUTOMATIC, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 60. AUTOMATIC, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 61. MANUAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 62. MANUAL, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 63. U.S. ELEVATOR MARKET VALUE, BY OPERATION, 2024-2030, (MILLION USD)
TABLE 64. U.S. ELEVATOR MARKET VOLUME, BY OPERATION, 2024-2030, (UNITS)
TABLE 65. LOW-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 66. LOW-RISE, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 67. MID-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 68. MID-RISE, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 69. HIGH-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 70. HIGH-RISE, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 71. U.S. ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
TABLE 72. U.S. ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (UNITS)
TABLE 73. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 74. RESIDENTIAL, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 75. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 76. COMMERCIAL, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 77. INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 78. INDUSTRIAL, MARKET VOLUME, 2024-2030, (UNITS)
TABLE 79. OTIS: COMPANY SNAPSHOT
TABLE 80. OTIS: OPERATING BUSINESS SEGMENTS
TABLE 81. OTIS: PRODUCT PORTFOLIO
TABLE 82. OTIS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 83. OTIS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 84. OTIS: KEY STRATERGY
TABLE 85. SCHINDLER HOLDING LTD.: COMPANY SNAPSHOT
TABLE 86. SCHINDLER HOLDING LTD.: OPERATING BUSINESS SEGMENTS
TABLE 87. SCHINDLER HOLDING LTD.: PRODUCT PORTFOLIO
TABLE 88. SCHINDLER HOLDING LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 89. SCHINDLER HOLDING LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 90. SCHINDLER HOLDING LTD.: KEY STRATERGY
TABLE 91. KONE OYJ: COMPANY SNAPSHOT
TABLE 92. KONE OYJ: OPERATING BUSINESS SEGMENTS
TABLE 93. KONE OYJ: PRODUCT PORTFOLIO
TABLE 94. KONE OYJ: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 95. KONE OYJ: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 96. KONE OYJ: KEY STRATERGY
TABLE 97. TK ELEVATOR: COMPANY SNAPSHOT
TABLE 98. TK ELEVATOR: OPERATING BUSINESS SEGMENTS
TABLE 99. TK ELEVATOR: PRODUCT PORTFOLIO
TABLE 100. TK ELEVATOR: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 101. TK ELEVATOR: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 102. TK ELEVATOR: KEY STRATERGY
TABLE 103. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 104. MITSUBISHI ELECTRIC CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 105. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 106. MITSUBISHI ELECTRIC CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 107. MITSUBISHI ELECTRIC CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 108. MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGY
TABLE 109. HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT
TABLE 110. HYUNDAI ELEVATOR CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 111. HYUNDAI ELEVATOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 112. HYUNDAI ELEVATOR CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 113. HYUNDAI ELEVATOR CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 114. HYUNDAI ELEVATOR CO., LTD.: KEY STRATERGY
TABLE 115. FUJITEC CO., LTD.: COMPANY SNAPSHOT
TABLE 116. FUJITEC CO., LTD.: OPERATING BUSINESS SEGMENTS
TABLE 117. FUJITEC CO., LTD.: PRODUCT PORTFOLIO
TABLE 118. FUJITEC CO., LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 119. FUJITEC CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 120. FUJITEC CO., LTD.: KEY STRATERGY
TABLE 121. ACTION ELEVATOR COMPANY: COMPANY SNAPSHOT
TABLE 122. ACTION ELEVATOR COMPANY: OPERATING BUSINESS SEGMENTS
TABLE 123. ACTION ELEVATOR COMPANY: PRODUCT PORTFOLIO
TABLE 124. ACTION ELEVATOR COMPANY: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 125. ACTION ELEVATOR COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 126. ACTION ELEVATOR COMPANY: KEY STRATERGY
TABLE 127. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 128. TOSHIBA CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 129. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 130. TOSHIBA CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 131. TOSHIBA CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 132. TOSHIBA CORPORATION: KEY STRATERGY
TABLE 133. NIBAV LIFTS: COMPANY SNAPSHOT
TABLE 134. NIBAV LIFTS: OPERATING BUSINESS SEGMENTS
TABLE 135. NIBAV LIFTS: PRODUCT PORTFOLIO
TABLE 136. NIBAV LIFTS: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 137. NIBAV LIFTS: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 138. NIBAV LIFTS: KEY STRATERGY
TABLE 139. AVT BECKETT: COMPANY SNAPSHOT
TABLE 140. AVT BECKETT: OPERATING BUSINESS SEGMENTS
TABLE 141. AVT BECKETT: PRODUCT PORTFOLIO
TABLE 142. AVT BECKETT: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 143. AVT BECKETT: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 144. AVT BECKETT: KEY STRATERGY
TABLE 145. DELTA ELEVATOR CO LTD: COMPANY SNAPSHOT
TABLE 146. DELTA ELEVATOR CO LTD: OPERATING BUSINESS SEGMENTS
TABLE 147. DELTA ELEVATOR CO LTD: PRODUCT PORTFOLIO
TABLE 148. DELTA ELEVATOR CO LTD: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 149. DELTA ELEVATOR CO LTD: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 150. DELTA ELEVATOR CO LTD: KEY STRATERGY
TABLE 151. WURTEC: COMPANY SNAPSHOT
TABLE 152. WURTEC: OPERATING BUSINESS SEGMENTS
TABLE 153. WURTEC: PRODUCT PORTFOLIO
TABLE 154. WURTEC: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 155. WURTEC: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 156. WURTEC: KEY STRATERGY
TABLE 157. HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 158. HITACHI, LTD.: OPERATING BUSINESS SEGMENTS
TABLE 159. HITACHI, LTD.: PRODUCT PORTFOLIO
TABLE 160. HITACHI, LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 161. HITACHI, LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 162. HITACHI, LTD.: KEY STRATERGY
TABLE 163. BERKSHIRE PARTNERS LLC.: COMPANY SNAPSHOT
TABLE 164. BERKSHIRE PARTNERS LLC.: OPERATING BUSINESS SEGMENTS
TABLE 165. BERKSHIRE PARTNERS LLC.: PRODUCT PORTFOLIO
TABLE 166. BERKSHIRE PARTNERS LLC.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 167. BERKSHIRE PARTNERS LLC.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 168. BERKSHIRE PARTNERS LLC.: KEY STRATERGY

FIGURE 1. BARGAINING POWER OF SUPPLIERS
FIGURE 2. BARGAINING POWER OF BUYERS
FIGURE 3. DEGREE OF COMPETITION
FIGURE 4. THREAT OF SUBSTITUTE
FIGURE 5. THREAT OF NEW ENTRANTS
FIGURE 6. U.S. ELEVATOR MARKET VALUE, BY TYPE, 2024-2030, (MILLION USD)
FIGURE 7. U.S. ELEVATOR MARKET VOLUME, BY TYPE, 2024-2030, (UNITS)
FIGURE 8. PASSENGER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 9. PASSENGER ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 10. FREIGHT ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 11. FREIGHT ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 12. OTHER ELEVATOR, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 13. OTHER ELEVATOR, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 14. U.S. ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2024-2030, (MILLION USD)
FIGURE 15. U.S. ELEVATOR MARKET VOLUME, BY TECHNOLOGY, 2024-2030, (UNITS)
FIGURE 16. TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 17. TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 18. MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 19. MACHINE ROOM (MR) TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 20. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 21. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 22. HYDRAULIC, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 23. HYDRAULIC, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 24. U.S. ELEVATOR MARKET VALUE, BY SERVICE, 2024-2030, (MILLION USD)
FIGURE 25. U.S. ELEVATOR MARKET VOLUME, BY SERVICE, 2024-2030, (UNITS)
FIGURE 26. NEW INSTALLATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 27. NEW INSTALLATION, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 28. MAINTENANCE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 29. MAINTENANCE, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 30. MODERNIZATION, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 31. MODERNIZATION, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 32. U.S. ELEVATOR MARKET VALUE, BY CAPACITY, 2024-2030, (MILLION USD)
FIGURE 33. U.S. ELEVATOR MARKET VOLUME, BY CAPACITY, 2024-2030, (UNITS)
FIGURE 34. LESS THAN 1500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 35. LESS THAN 1500 KG, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 36. 1500 TO 2500 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 37. 1500 TO 2500 KG, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 38. 2501 TO 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 39. 2501 TO 4000 KG, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 40. MORE THAN 4000 KG, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 41. MORE THAN 4000 KG, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 42. U.S. ELEVATOR MARKET VALUE, BY SPEED, 2024-2030, (MILLION USD)
FIGURE 43. U.S. ELEVATOR MARKET VOLUME, BY SPEED, 2024-2030, (UNITS)
FIGURE 44. LESS THAN 1 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 45. LESS THAN 1 M/S, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 46. BETWEEN 1 TO 4 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 47. BETWEEN 1 TO 4 M/S, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 48. MORE THAN 5 M/S, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 49. MORE THAN 5 M/S, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 50. U.S. ELEVATOR MARKET VALUE, BY DECK TYPE, 2024-2030, (MILLION USD)
FIGURE 51. U.S. ELEVATOR MARKET VOLUME, BY DECK TYPE, 2024-2030, (UNITS)
FIGURE 52. SINGLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 53. SINGLE DECK, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 54. DOUBLE DECK, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 55. DOUBLE DECK, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 56. U.S. ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2024-2030, (MILLION USD)
FIGURE 57. U.S. ELEVATOR MARKET VOLUME, BY DESIGNATION CONTROL, 2024-2030, (UNITS)
FIGURE 58. SMART, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 59. SMART, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 60. CONVENTIONAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 61. CONVENTIONAL, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 62. U.S. ELEVATOR MARKET VALUE, BY DOOR TYPE, 2024-2030, (MILLION USD)
FIGURE 63. U.S. ELEVATOR MARKET VOLUME, BY DOOR TYPE, 2024-2030, (UNITS)
FIGURE 64. AUTOMATIC, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 65. AUTOMATIC, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 66. MANUAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 67. MANUAL, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 68. U.S. ELEVATOR MARKET VALUE, BY OPERATION, 2024-2030, (MILLION USD)
FIGURE 69. U.S. ELEVATOR MARKET VOLUME, BY OPERATION, 2024-2030, (UNITS)
FIGURE 70. LOW-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 71. LOW-RISE, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 72. MID-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 73. MID-RISE, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 74. HIGH-RISE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 75. HIGH-RISE, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 76. U.S. ELEVATOR MARKET VALUE, BY APPLICATION, 2024-2030, (MILLION USD)
FIGURE 77. U.S. ELEVATOR MARKET VOLUME, BY APPLICATION, 2024-2030, (UNITS)
FIGURE 78. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 79. RESIDENTIAL, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 80. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 81. COMMERCIAL, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 82. INDUSTRIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 83. INDUSTRIAL, MARKET VOLUME, 2024-2030, (UNITS)
FIGURE 84. OTIS: NET SALES, (2022-2024)
FIGURE 85. OTIS: PRIMARY MARKET COMPETITORS
FIGURE 86. SCHINDLER HOLDING LTD.: NET SALES, (2022-2024)
FIGURE 87. SCHINDLER HOLDING LTD.: PRIMARY MARKET COMPETITORS
FIGURE 88. KONE OYJ: NET SALES, (2022-2024)
FIGURE 89. KONE OYJ: PRIMARY MARKET COMPETITORS
FIGURE 90. TK ELEVATOR: NET SALES, (2022-2024)
FIGURE 91. TK ELEVATOR: PRIMARY MARKET COMPETITORS
FIGURE 92. MITSUBISHI ELECTRIC CORPORATION: NET SALES, (2022-2024)
FIGURE 93. MITSUBISHI ELECTRIC CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 94. HYUNDAI ELEVATOR CO., LTD.: NET SALES, (2022-2024)
FIGURE 95. HYUNDAI ELEVATOR CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 96. FUJITEC CO., LTD.: NET SALES, (2022-2024)
FIGURE 97. FUJITEC CO., LTD.: PRIMARY MARKET COMPETITORS
FIGURE 98. ACTION ELEVATOR COMPANY: NET SALES, (2022-2024)
FIGURE 99. ACTION ELEVATOR COMPANY: PRIMARY MARKET COMPETITORS
FIGURE 100. TOSHIBA CORPORATION: NET SALES, (2022-2024)
FIGURE 101. TOSHIBA CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 102. NIBAV LIFTS: NET SALES, (2022-2024)
FIGURE 103. NIBAV LIFTS: PRIMARY MARKET COMPETITORS
FIGURE 104. AVT BECKETT: NET SALES, (2022-2024)
FIGURE 105. AVT BECKETT: PRIMARY MARKET COMPETITORS
FIGURE 106. DELTA ELEVATOR CO LTD: NET SALES, (2022-2024)
FIGURE 107. DELTA ELEVATOR CO LTD: PRIMARY MARKET COMPETITORS
FIGURE 108. WURTEC: NET SALES, (2022-2024)
FIGURE 109. WURTEC: PRIMARY MARKET COMPETITORS
FIGURE 110. HITACHI, LTD.: NET SALES, (2022-2024)
FIGURE 111. HITACHI, LTD.: PRIMARY MARKET COMPETITORS
FIGURE 112. BERKSHIRE PARTNERS LLC.: NET SALES, (2022-2024)
FIGURE 113. BERKSHIRE PARTNERS LLC.: PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key market players operating in the U.S. elevator market are The U.S. elevator market comprises various market players, such as Otis Worldwide Corporation, KONE Corporation, Fujitec Co., Ltd., Schindler Group, Sigma Elevator, TK Elevator, Mitsubishi Electric US, Inc., Hyundai Elevator, Toshiba Corporation, Delta Elevators, Schumacher Elevator Company, American Crescent Elevator Corp., Day Elevator and Lift, Inclinator Company of America, Savaria Corporation, and others.

According to the Next Move Strategy Consulting, the size of the U.S. elevator market is estimated to be at USD 17.45 billion in 2030.

The challenges in the elevator industry include high costs, technological integration, safety regulations, environmental concerns, urbanization demands, and maintenance downtime.

According to the Next Move Strategy Consulting, the size of the U.S. elevator market is estimated at USD 12.36 billion in 2024.

Incorporating AI-driven predictive maintenance into elevators transforms procedures by forecasting maintenance requirements ahead of time through the analysis of sensor data.

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