Global Hydraulic Elevators Market 2022-2026

Global Hydraulic Elevators Market 2022-2026

Technavio has been monitoring the hydraulic elevators market and it is poised to grow by $ 620.9 mn during 2022-2026, progressing at a CAGR of 1.41% during the forecast period. Our report on the hydraulic elevators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the installation cost of hydraulic elevators is lower than that of traction elevators, lower maintenance cost and higher safety, and increase in preference for hydraulic elevators in low- and mid-rise buildings. In addition, the installation cost of hydraulic elevators is lower than that of traction elevators is anticipated to boost the growth of the market as well.

The hydraulic elevators market analysis includes the type segment and geographic landscape.

Technavio's hydraulic elevators market is segmented as below:

By Type

  • Hole-less hydraulic elevators
  • Holed hydraulic elevators
  • Roped hydraulic elevators
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the development of hydraulic infinite linear actuator (HILA) system as one of the prime reasons driving the hydraulic elevators market growth during the next few years. Also, advances in the field of elevator maintenance and growing emphasis on modernizing elevator components will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hydraulic elevators market covers the following areas:
  • Hydraulic elevators market sizing
  • Hydraulic elevators market forecast
  • Hydraulic elevators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydraulic elevators market vendors that include Advance Lifts Inc., Bonsdag Industries Pvt. Ltd., Bucher Industries AG, CIRCOR International Inc., Custom Elevator Manufacturing Inc., Delta Elevator Co. Ltd., GMV Polska Sp. z o.o., Kleeman Hellas S.A., Mitsubishi Electric Corp., Mahe Lifts, Modern Elevator Innovations, Morris Vermaport Ltd., Otis Worldwide Corp., PFlow Industries Inc., Schindler Holding Ltd., Schumacher Elevator Co., thyssenkrupp AG, Vantage Elevator Solutions, VRS Elevators Pvt. Ltd., and Waupaca Elevator Co. Also, the hydraulic elevators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Advance Lifts Inc., Bonsdag Industries Pvt. Ltd., Bucher Industries AG, CIRCOR International Inc., Custom Elevator Manufacturing Inc., Delta Elevator Co. Ltd., GMV Polska Sp. z o.o., Kleeman Hellas S.A., Mitsubishi Electric Corp., Mahe Lifts, Modern Elevator Innovations, Morris Vermaport Ltd., Otis Worldwide Corp., PFlow Industries Inc., Schindler Holding Ltd., Schumacher Elevator Co., thyssenkrupp AG, Vantage Elevator Solutions, VRS Elevators Pvt. Ltd., Waupaca Elevator Co.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth 2021 2026
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2021-2026 (%)
      • Table Data Table on Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Hole-less hydraulic elevators - Market size and forecast 2021-2026
      • Table Chart on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
    • Holed hydraulic elevators - Market size and forecast 2021-2026
      • Table Chart on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
    • Roped hydraulic elevators - Market size and forecast 2021-2026
      • Table Chart on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • UK - Market size and forecast 2021-2026
      • Table Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Table Chart on UK - Year-over-year growth 2021-2026 (%)
      • Table Data Table on UK - Year-over-year growth 2021-2026 (%)
    • India - Market size and forecast 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Table Chart on India - Year-over-year growth 2021-2026 (%)
      • Table Data Table on India - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Installation cost of hydraulic elevators is lower than that of traction elevators
      • Lower maintenance cost and higher safety
      • Increase in preference for hydraulic elevators in low- and mid-rise buildings
    • Market challenges
      • Increase in preference for substitute products
      • Oil sensitivity to atmospheric temperature
      • Raw material price volatility
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Development of hydraulic infinite linear actuator (HILA) system
      • Advances in the field of elevator maintenance
      • Growing emphasis on modernizing elevator components
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Bucher Industries AG
      • Table Bucher Industries AG - Overview
      • Table Bucher Industries AG - Business segments
      • Table Bucher Industries AG - Key offerings
      • Table Bucher Industries AG - Segment focus
    • CIRCOR International Inc.
      • Table CIRCOR International Inc. - Overview
      • Table CIRCOR International Inc. - Business segments
      • Table CIRCOR International Inc. - Key offerings
      • Table CIRCOR International Inc. - Segment focus
    • Delta Elevator Co. Ltd.
      • Table Delta Elevator Co. Ltd. - Overview
      • Table Delta Elevator Co. Ltd. - Product / Service
      • Table Delta Elevator Co. Ltd. - Key offerings
    • Kleeman Hellas S.A.
      • Table Kleeman Hellas S.A. - Overview
      • Table Kleeman Hellas S.A. - Product / Service
      • Table Kleeman Hellas S.A. - Key offerings
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • Otis Worldwide Corp.
      • Table Otis Worldwide Corp. - Overview
      • Table Otis Worldwide Corp. - Business segments
      • Table Otis Worldwide Corp. - Key news
      • Table Otis Worldwide Corp. - Key offerings
      • Table Otis Worldwide Corp. - Segment focus
    • Schindler Holding Ltd.
      • Table Schindler Holding Ltd. - Overview
      • Table Schindler Holding Ltd. - Product / Service
      • Table Schindler Holding Ltd. - Key news
      • Table Schindler Holding Ltd. - Key offerings
    • Schumacher Elevator Co.
      • Table Schumacher Elevator Co. - Overview
      • Table Schumacher Elevator Co. - Product / Service
      • Table Schumacher Elevator Co. - Key offerings
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key news
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
    • Vantage Elevator Solutions
      • Table Vantage Elevator Solutions - Overview
      • Table Vantage Elevator Solutions - Product / Service
      • Table Vantage Elevator Solutions - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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