Global Elevator Brakes Market Growth 2024-2030

Global Elevator Brakes Market Growth 2024-2030

The global Elevator Brakes market size is projected to grow from US$ 707.1 million in 2023 to US$ 1093.9 million in 2030; it is expected to grow at a CAGR of 6.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Elevator Brakes Industry Forecast” looks at past sales and reviews total world Elevator Brakes sales in 2023, providing a comprehensive analysis by region and market sector of projected Elevator Brakes sales for 2024 through 2030. With Elevator Brakes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Brakes industry.

This Insight Report provides a comprehensive analysis of the global Elevator Brakes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Brakes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Brakes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Brakes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Brakes.

According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.

This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Brakes market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
ERD Series Brakes
ER Series Brakes
ERS Series Brakes
FB Series Brakes
Forklift Brakes
WR Series Brakes

Segmentation by application
Hotels
Residences
Hospitals
Sports Facilities
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Warner Electric
Kendrion NV
Hollister Whitney Elevator
Hilliard Corporation
Otis Elevator Company
FUKA GmbH
Imperial Electric
Magnetek
Atlantic Elevator

Key Questions Addressed in this Report

What is the 10-year outlook for the global Elevator Brakes market?

What factors are driving Elevator Brakes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Elevator Brakes market opportunities vary by end market size?

How does Elevator Brakes break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.