The potential growth difference for the hydraulic elevators market from 2021 to 2026 is USD 620.9 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The installation cost of hydraulic elevators is lower than that of traction elevators and lower maintenance cost and higher safety are some of the key market drivers. However, factors such as the increase in preference for substitute products will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The hydraulic elevators market report is segmented by Type (Hole-less hydraulic elevators, Holed hydraulic elevators, and Roped hydraulic elevators) and Geography (APAC, Europe, North America, Middle East, and Africa, and South America). APAC will be the leading region with 42% of the market's growth during the forecast period. US, China, India, Germany, and the UK are the key market for hydraulic elevators in APAC.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
- Advance Lifts Inc.
- Bonsdag Industries Pvt. Ltd.
- Bucher Industries AG
- CIRCOR International Inc.
- Custom Elevator Manufacturing Inc.
- Delta Elevator Co. Ltd.
- GMV Polska Sp. z o.o.
- Kleeman Hellas S.A.
- Mitsubishi Electric Corp.
- Mahe Lifts
- Modern Elevator Innovations
- Morris Vermaport Ltd.
- Otis Worldwide Corp.
- PFlow Industries Inc.
- Schindler Holding Ltd.
- Schumacher Elevator Co.
- thyssenkrupp AG
- Vantage Elevator Solutions
- VRS Elevators Pvt. Ltd.
- Waupaca Elevator Co.
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Hydraulic Elevators Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 1.41% |
Market growth 2022-2026 |
$ 620.9 million |
Market structure |
Fragmented |
YoY growth (%) |
1.35 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Advance Lifts Inc., Bonsdag Industries Pvt. Ltd., Bucher Industries AG, CIRCOR International Inc., Custom Elevator Manufacturing Inc., Delta Elevator Co. Ltd. , GMV Polska Sp. z o.o., Kleeman Hellas S.A., Mitsubishi Electric Corp., Mahe Lifts, Modern Elevator Innovations, Morris Vermaport Ltd., Otis Worldwide Corp., PFlow Industries Inc., Schindler Holding Ltd., Schumacher Elevator Co., thyssenkrupp AG, Vantage Elevator Solutions, VRS Elevators Pvt. Ltd. , and Waupaca Elevator Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
Exhibit 02: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 05: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 06: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 10: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 11: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 12: Threat of new entrants
4.5 Threat of substitutes
Exhibit 13: Threat of substitutes
4.6 Threat of rivalry
Exhibit 14: Threat of rivalry
4.7 Market condition
Exhibit 15: Market condition - Five forces 2020
5 Market Segmentation by Type
5.1 Market segments
The segments covered in this chapter are Hole-less hydraulic elevators, Holed hydraulic elevators, and Roped hydraulic elevators.
Exhibit 16: Chart on Type - Market share 2021-2026 (%)
Exhibit 17: Data Table on Type - Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 18: Chart on Comparison by Type
Exhibit 19: Data Table on Comparison by Type
5.3 Hole-less hydraulic elevators - Market size and forecast 2021-2026
Exhibit 20: Chart on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 21: Data Table on Hole-less hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 22: Chart on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 23: Data Table on Hole-less hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.4 Holed hydraulic elevators - Market size and forecast 2021-2026
Exhibit 24: Chart on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Data Table on Holed hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Chart on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 27: Data Table on Holed hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.5 Roped hydraulic elevators - Market size and forecast 2021-2026
Exhibit 28: Chart on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Roped hydraulic elevators - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Roped hydraulic elevators - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Type
Exhibit 32: Market opportunity by Type ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 33: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 34: Chart on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 35: Chart on Geographic comparison
Exhibit 36: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 37: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 41: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 45: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 49: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 52: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 53: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 54: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 56: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 57: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 58 Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 60: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 Germany - Market size and forecast 2021-2026
Exhibit 61: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 64: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.10 US - Market size and forecast 2021-2026
Exhibit 65: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 68: Data Table on US - Year-over-year growth 2021-2026 (%)
7.11 UK - Market size and forecast 2021-2026
Exhibit 69: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 72: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.12 India - Market size and forecast 2021-2026
Exhibit 73: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 76: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 77: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Installation cost of hydraulic elevators is lower than that of traction elevators
8.1.2 Lower maintenance cost and higher safety
8.1.3 Increase in preference for hydraulic elevators in low- and mid-rise buildings
8.2 Market challenges
8.2.1 Increase in preference for substitute products
8.2.2 Oil sensitivity to atmospheric temperature
8.2.3 Raw material price volatility
8.3 Impact of drivers and challenges
Exhibit 78: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Development of hydraulic infinite linear actuator (HILA) system
8.4.2 Advances in the field of elevator maintenance
8.4.3 Growing emphasis on modernizing elevator components
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 79: Vendor Landscape
9.3 Landscape disruption
Exhibit 80: Landscape disruption
9.4 Industry risks
Exhibit 81: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 82: Vendors covered
10.2 Market positioning of vendors
Exhibit 83: Matrix on vendor position and classification
10.3 Bucher Industries AG
Exhibit 84: Bucher Industries AG - Overview
Exhibit 85: Bucher Industries AG - Business segments
Exhibit 86: Bucher Industries AG - Key offerings
Exhibit 87: Bucher Industries AG - Segment focus
10.4 CIRCOR International Inc.
Exhibit 88: CIRCOR International Inc. - Overview
Exhibit 89: CIRCOR International Inc. - Business segments
Exhibit 90: CIRCOR International Inc. - Key offerings
Exhibit 91: CIRCOR International Inc. - Segment focus
10.5 Delta Elevator Co. Ltd.
Exhibit 92: Delta Elevator Co. Ltd. - Overview
Exhibit 93: Delta Elevator Co. Ltd. - Product / Service
Exhibit 94: Delta Elevator Co. Ltd. - Key offerings
10.6 Kleeman Hellas S.A.
Exhibit 95: Kleeman Hellas S.A. - Overview
Exhibit 96: Kleeman Hellas S.A. - Product / Service
Exhibit 97: Kleeman Hellas S.A. - Key offerings
10.7 Mitsubishi Electric Corp.
Exhibit 98: Mitsubishi Electric Corp. - Overview
Exhibit 99: Mitsubishi Electric Corp. - Business segments
Exhibit 100: Mitsubishi Electric Corp. - Key news
Exhibit 101: Mitsubishi Electric Corp. - Key offerings
Exhibit 102: Mitsubishi Electric Corp. - Segment focus
10.8 Otis Worldwide Corp.
Exhibit 103: Otis Worldwide Corp. - Overview
Exhibit 104: Otis Worldwide Corp. - Business segments
Exhibit 105: Otis Worldwide Corp. - Key news
Exhibit 106: Otis Worldwide Corp. - Key offerings
Exhibit 107: Otis Worldwide Corp. - Segment focus
10.9 Schindler Holding Ltd.
Exhibit 108: Schindler Holding Ltd. - Overview
Exhibit 109: Schindler Holding Ltd. - Product / Service
Exhibit 110: Schindler Holding Ltd. - Key news
Exhibit 111: Schindler Holding Ltd. - Key offerings
10.10 Schumacher Elevator Co.
Exhibit 112: Schumacher Elevator Co. - Overview
Exhibit 113: Schumacher Elevator Co. - Product / Service
Exhibit 114: Schumacher Elevator Co. - Key offerings
10.11 thyssenkrupp AG
Exhibit 115: thyssenkrupp AG - Overview
Exhibit 116: thyssenkrupp AG - Business segments
Exhibit 117: thyssenkrupp AG - Key news
Exhibit 118: thys
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