Global Elevator Safety System Market Growth (Status and Outlook) 2024-2030

Global Elevator Safety System Market Growth (Status and Outlook) 2024-2030

The global Elevator Safety System market size is projected to grow from US$ 1588.6 million in 2023 to US$ 2232.2 million in 2030; it is expected to grow at a CAGR of 5.0% from 2024 to 2030.

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

This Insight Report provides a comprehensive analysis of the global Elevator Safety System 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 Safety System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Safety System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Safety System 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 Safety System.

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 Safety System market by product type, application, key players and key regions and countries.

Segmentation by type
Control System
Maintenance System
Communication System

Segmentation by application
Residential
Non-residential

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.
KONE Corporation
Oleo International
Thyssenkrupp AG
OTIS Elevator Company
Schindler Group
Hitachi Ltd.
Hyundai Elevator Co., Ltd.
Toshiba Elevators and Building Systems Corporation
Mitshubishi Electric Corporation
Fujitec Co., Ltd.
Motion Control Engineering, Inc.
Thames Valley Controls
Eito&Global Inc.

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