Global Elevator Tension Devices Market Growth 2025-2031

The global Elevator Tension Devices market size is predicted to grow from US$ 414 million in 2025 to US$ 549 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

An exemplary device for providing tension in an elevator governor assembly includes an anchor configured to be secured in a fixed position in a hoistway.

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.

LP Information, Inc. (LPI) ' newest research report, the “Elevator Tension Devices Industry Forecast” looks at past sales and reviews total world Elevator Tension Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Tension Devices sales for 2025 through 2031. With Elevator Tension Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Tension Devices industry.

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

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

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

Segmentation by Type:
Vertical
Horizontal

Segmentation by Application:
Shopping Mall
Factory
Family
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 analysing the company's coverage, product portfolio, its market penetration.
Wittur
PFB
Vantage
Atwell International
Dynatech
Bode Components
Gervall
Hans Jungblut
Montanari Group
Liftequip
Lift Tech Engineers
Dongfangfuda
Huning Elevator
Shenling Holding Group
Ningbo Ouling
Suzhou Hitech
Ningbo Aodepu

Key Questions Addressed in this Report

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

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

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

How do Elevator Tension Devices market opportunities vary by end market size?

How does Elevator Tension Devices break out by Type, by Application?

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