Global Traction Machine Market Growth 2023-2029

Global Traction Machine Market Growth 2023-2029

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

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

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

The global 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 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 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 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 Traction Machine players cover Kinetek De Sheng (KDS), OTIS, Wittur Group, Nidec Elevator Group, Wachendorff Automation, APSON, Nagaoka Machinery, Sanei Manufacturing and Tectronics Engineers, 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 Traction Machine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Geared Traction Machine
Gearless Traction Machine

Segmentation by application
Passenger Elevator
Hospital Elevator
Sightseeing Elevator
Cargo Elevator
Escalators

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.
Kinetek De Sheng (KDS)
OTIS
Wittur Group
Nidec Elevator Group
Wachendorff Automation
APSON
Nagaoka Machinery
Sanei Manufacturing
Tectronics Engineers
Kolmar Asansor
Elecon
Raman Engineering
Shenyang Yuanda Intellectual Industry Group
SHERATON Elevator
Fengwei Machinery Manufacturing
Torin Drive
Montanari Drive Technology
DeShui Electrical
Xierk Elevator Parts
Dazen Electromechanical Technology
Ningbo Xinda Group

Key Questions Addressed in this Report

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

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

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

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

How does 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.