Global Escalator Traction Machine Market Growth 2023-2029

Global Escalator Traction Machine Market Growth 2023-2029

The elevator traction machine is the power equipment of the elevator, also known as the elevator host. The function is to convey and transmit power to make the elevator run. It consists of electric motor, brake, coupling, reduction box, traction sheave, frame and guide wheel and auxiliary turning handwheel. The guide wheel is generally installed on the frame or the load-bearing beam under the frame. Some of the turning handwheels are fixed on the motor shaft, and some are usually hung on the nearby wall, and then put on the motor shaft when in use.

LPI (LP Information)' newest research report, the “Escalator Traction Machine Industry Forecast” looks at past sales and reviews total world Escalator Traction Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Escalator Traction Machine sales for 2023 through 2029. With Escalator Traction Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Escalator Traction Machine industry.

This Insight Report provides a comprehensive analysis of the global Escalator Traction Machine 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 Escalator Traction Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Escalator Traction Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Escalator Traction Machine 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 Escalator Traction Machine.

The global Escalator Traction Machine market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Escalator Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Escalator Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Escalator Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Escalator Traction Machine players cover Kone, Mitsubishi Electric, Toshiba, Hitachi Group, Fujitec, Hyundai, Yungtay Engineering, Otis and FUJILF, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Gearless Traction Machine
Geared Traction Machine

Segmentation by application
Escalator
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.
Kone
Mitsubishi Electric
Toshiba
Hitachi Group
Fujitec
Hyundai
Yungtay Engineering
Otis
FUJILF
Ningbo Xinda Elevator Traction Technology Co., Ltd.
Sharp Lifs & Escalatos

Key Questions Addressed in this Report

What is the 10-year outlook for the global Escalator Traction Machine market?

What factors are driving Escalator Traction Machine market growth, globally and by region?

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

How do Escalator Traction Machine market opportunities vary by end market size?

How does Escalator Traction Machine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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