Global Hydraulic Elevator Market Growth 2025-2031

Global Hydraulic Elevator Market Growth 2025-2031

The global Hydraulic Elevator market size is predicted to grow from US$ 577 million in 2025 to US$ 532 million in 2031; it is expected to grow at a CAGR of -1.3% from 2025 to 2031.

Hydraulic elevators are elevators which are powered by a piston that travels inside a cylinder. An electric motor pumps hydraulic oil into the cylinder to move the piston. The piston smoothly lifts the elevator cab. Electrical valves control the release of the oil for a gentle descent.

The leading players are Otis, Schindler, ThyssenKrupp, Mitsubishi Electric and Hyundai, accounting for about 67.58% revenue market share in 2019.

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

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

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

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

Segmentation by Type:
Hydraulic Passenger Elevator
Hydraulic Freight Elevator

Segmentation by Application:
Residential
Commercial
Industrial

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.
Otis
Schindler
ThyssenKrupp
Mitsubishi Electric
Fujitec
Hyundai
DNDT
Koood Elevator
IGV
Yungtay Engineering
Sicher Elevator
DAZO Elevator
Joylive Elevator

Key Questions Addressed in this Report

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

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

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

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

How does Hydraulic Elevator break out by Type, by Application?