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Published Date: 2025-12-31 | Pages: 114 | Tables: 117 | Machinery & Equipment
The global Elevator Drive Components market was valued at US$ million in 2025 and is anticipated to reach US$ million by 2032, at a CAGR of %from 2026 to 2032.
Elevator drive components are the mechanical and electromechanical parts that generate and transmit power to move the elevator car, including traction machines (geared and gearless motors), drive sheaves, reduction gearboxes, brakes, couplings, and variable-frequency drives (VVVF inverters), working together with ropes or belts and counterweights (or hydraulic systems) to provide controlled acceleration, deceleration, and stopping in accordance with elevator control commands and safety standards.
The elevator drive components industry chain begins upstream with suppliers of electric motors, permanent-magnet materials, steels, castings, bearings, frequency-converter power modules, hydraulic pumps and valves; midstream manufacturers design and assemble traction machines, gearboxes, brakes, sheaves, VVVF drives and hydraulic power units, integrating them into complete drive packages tested to relevant elevator and safety standards; downstream, global and regional elevator OEMs, modernization contractors and service companies configure these drive systems into passenger, freight, and special elevators for residential, commercial, industrial and public projects, and generate recurring aftermarket demand through upgrades, replacements, and maintenance over 20–30-year lifecycles.
Globally, elevator drive components are being installed or specified across numerous under-construction and planned projects including high-rise office and residential towers in China, India and Southeast Asia, mega mixed-use complexes in the Middle East, metro and railway station expansions in Europe, North America and Latin America, hospital and university campus upgrades, as well as large-scale social housing programs; in parallel, modernization projects in aging building stocks in Japan, Western Europe and the US are replacing old geared machines with energy-efficient gearless traction and VVVF drives, creating continuous demand for advanced drive packages and retrofit-optimized compact units.
2024 Global Market Average Gross Profit Margin: 24%.
The North American market for Elevator Drive Components is projected to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.
The Asia-Pacific market for Elevator Drive Components is projected to rise from US$ million in 2025 to US$ million by 2032, at a CAGR of % over 2026–2032.
The global market for Elevator Drive Components in Passenger Elevator is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 to 2032.
Major global companies of Elevator Drive Components include Inovance, NIDEC, Wittur Group, Bauer Gear Motor, Bucher Hydraulics, SynMatic, Chr. Mayr GmbH + Co. KG, ZIEHL-ABEGG, Columbus McKinnon, WEG, etc. In 2025, the world's top three vendors accounted for approximately % of revenue.
This report delivers a comprehensive overview of the global Elevator Drive Components market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Elevator Drive Components. The Elevator Drive Components market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Elevator Drive Components market comprehensively. Regional market sizes by Type, by Application, by Motor Transmission Type, and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Elevator Drive Components manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
Market Segmentation
By Company
Inovance
NIDEC
Wittur Group
Bauer Gear Motor
Bucher Hydraulics
SynMatic
Chr. Mayr GmbH + Co. KG
ZIEHL-ABEGG
Columbus McKinnon
WEG
ABB
Schneider Electric
Siemens
Toshiba
Danfoss
Segment by Type
Traction Drive
Hydraulic Drive
Segment by Motor Transmission Type
Geared Traction Machine
Gearless Permanent-Magnet Synchronous Traction Machine
Segment by Speed Class
Low-Speed, Low-Rise Drives (≤1.0 M/S)
Mid-Speed Drives (1.0–2.5 M/S)
High-Speed Drives (2.6–4.0 M/S)
Ultra-High-Speed Drives (>4.0 M/S)
Segment by Application
Passenger Elevator
Freight Elevator
Others
By Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia & New Zealand
Rest of Asia
Europe
Germany
France
U.K.
Italy
Ireland
Russia
Rest of Europe
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Israel
United Arab Emirates (UAE)
Saudi Arabia
Rest of MEA
Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, by Motor Transmission Type, etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Elevator Drive Components companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.
Research Methodology
The research methodology employed has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of our company. Our methodology can be divided into five stages:
★Stage 1 SECONDARY RESEARCH
The research team first collaborates with magazines, trade associations and administrative departments in the research field. The information provided by our internal documentation service is helpful for our further research. Our team has a wealth of experience and knowledge, and can effectively extract accurate information from existing resources.
★Stage 2 PRIMARY RESEARCH:INTERVIEWS WITH TRADE SOURCES
After the first stage, the research team conducts a large number of face-to-face or telephone interviews with representative companies working in the research field. Analysts are trying to have an opportunity to talk to leading companies and small companies in the field. Upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers were included in the interview. The data collected during the interview were then carefully examined and compared with the secondary study.
★Stage 3 ANALYSIS OF THE GATHERED DATA
The analysis team examines and synthesizes the data collected in the first two stages. In order to validate the data, a second round of interviews can be conducted.
★Stage 4 QUANTITATIVE DATA
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by our company. The data is based on the estimates obtained during stage 3.
★Stage 5 QUALITY CONTROL
Before publishing, each report undergoes a rigorous review and editing process, which is done by the experience management team to ensure the reliability of the published data. Every analyst on the research team receives support and continuous training as part of our internal quality process.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Elevator Drive Components Market Size Growth Rate by Type: 2021 vs 2025 vs 2032
1.2.2 Traction Drive
1.2.3 Hydraulic Drive
1.3 Market by Motor Transmission Type
1.3.1 Global Elevator Drive Components Market Size Growth Rate by Motor Transmission Type: 2021 vs 2025 vs 2032
1.3.2 Geared Traction Machine
1.3.3 Gearless Permanent-Magnet Synchronous Traction Machine
1.4 Market by Speed Class
1.4.1 Global Elevator Drive Components Market Size Growth Rate by Speed Class: 2021 vs 2025 vs 2032
1.4.2 Low-Speed, Low-Rise Drives (≤1.0 M/S)
1.4.3 Mid-Speed Drives (1.0–2.5 M/S)
1.4.4 High-Speed Drives (2.6–4.0 M/S)
1.4.5 Ultra-High-Speed Drives (>4.0 M/S)
1.5 Market by Application
1.5.1 Global Elevator Drive Components Market Growth by Application: 2021 vs 2025 vs 2032
1.5.2 Passenger Elevator
1.5.3 Freight Elevator
1.5.4 Others
1.6 Assumptions and Limitations
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends
2.1 Global Elevator Drive Components Market Perspective (2021–2032)
2.2 Global Elevator Drive Components Growth Trends by Region
2.2.1 Global Elevator Drive Components Market Size by Region: 2021 vs 2025 vs 2032
2.2.2 Elevator Drive Components Historic Market Size by Region (2021–2026)
2.2.3 Elevator Drive Components Forecasted Market Size by Region (2027–2032)
2.3 Elevator Drive Components Market Dynamics
2.3.1 Elevator Drive Components Industry Trends
2.3.2 Elevator Drive Components Market Drivers
2.3.3 Elevator Drive Components Market Challenges
2.3.4 Elevator Drive Components Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Elevator Drive Components Players by Revenue
3.1.1 Global Top Elevator Drive Components Players by Revenue (2021–2026)
3.1.2 Global Elevator Drive Components Revenue Market Share by Players (2021–2026)
3.2 Global Top Elevator Drive Components Players Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
3.3 Global Key Players Ranking by Elevator Drive Components Revenue
3.4 Global Elevator Drive Components Market Concentration Ratio
3.4.1 Global Elevator Drive Components Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Elevator Drive Components Revenue in 2025
3.5 Global Key Players of Elevator Drive Components Head Offices and Areas Served
3.6 Global Key Players of Elevator Drive Components, Products and Applications
3.7 Global Key Players of Elevator Drive Components, Date of General Availability (GA)
3.8 Mergers and Acquisitions, Expansion Plans
4 Elevator Drive Components Breakdown Data by Type
4.1 Global Elevator Drive Components Historic Market Size by Type (2021–2026)
4.2 Global Elevator Drive Components Forecasted Market Size by Type (2027–2032)
5 Elevator Drive Components Breakdown Data by Application
5.1 Global Elevator Drive Components Historic Market Size by Application (2021–2026)
5.2 Global Elevator Drive Components Forecasted Market Size by Application (2027–2032)
6 North America
6.1 North America Elevator Drive Components Market Size (2021–2032)
6.2 North America Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032
6.3 North America Elevator Drive Components Market Size by Country (2021–2026)
6.4 North America Elevator Drive Components Market Size by Country (2027–2032)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Elevator Drive Components Market Size (2021–2032)
7.2 Europe Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032
7.3 Europe Elevator Drive Components Market Size by Country (2021–2026)
7.4 Europe Elevator Drive Components Market Size by Country (2027–2032)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Ireland
8 Asia-Pacific
8.1 Asia-Pacific Elevator Drive Components Market Size (2021–2032)
8.2 Asia-Pacific Elevator Drive Components Market Growth Rate by Region: 2021 vs 2025 vs 2032
8.3 Asia-Pacific Elevator Drive Components Market Size by Region (2021–2026)
8.4 Asia-Pacific Elevator Drive Components Market Size by Region (2027–2032)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia & New Zealand
9 Latin America
9.1 Latin America Elevator Drive Components Market Size (2021–2032)
9.2 Latin America Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032
9.3 Latin America Elevator Drive Components Market Size by Country (2021–2026)
9.4 Latin America Elevator Drive Components Market Size by Country (2027–2032)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Elevator Drive Components Market Size (2021–2032)
10.2 Middle East & Africa Elevator Drive Components Market Growth Rate by Country: 2021 vs 2025 vs 2032
10.3 Middle East & Africa Elevator Drive Components Market Size by Country (2021–2026)
10.4 Middle East & Africa Elevator Drive Components Market Size by Country (2027–2032)
10.5 Israel
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Inovance
11.1.1 Inovance Company Details
11.1.2 Inovance Business Overview
11.1.3 Inovance Elevator Drive Components Introduction
11.1.4 Inovance Revenue in Elevator Drive Components Business (2021–2026)
11.1.5 Inovance Recent Development
11.2 NIDEC
11.2.1 NIDEC Company Details
11.2.2 NIDEC Business Overview
11.2.3 NIDEC Elevator Drive Components Introduction
11.2.4 NIDEC Revenue in Elevator Drive Components Business (2021–2026)
11.2.5 NIDEC Recent Development
11.3 Wittur Group
11.3.1 Wittur Group Company Details
11.3.2 Wittur Group Business Overview
11.3.3 Wittur Group Elevator Drive Components Introduction
11.3.4 Wittur Group Revenue in Elevator Drive Components Business (2021–2026)
11.3.5 Wittur Group Recent Development
11.4 Bauer Gear Motor
11.4.1 Bauer Gear Motor Company Details
11.4.2 Bauer Gear Motor Business Overview
11.4.3 Bauer Gear Motor Elevator Drive Components Introduction
11.4.4 Bauer Gear Motor Revenue in Elevator Drive Components Business (2021–2026)
11.4.5 Bauer Gear Motor Recent Development
11.5 Bucher Hydraulics
11.5.1 Bucher Hydraulics Company Details
11.5.2 Bucher Hydraulics Business Overview
11.5.3 Bucher Hydraulics Elevator Drive Components Introduction
11.5.4 Bucher Hydraulics Revenue in Elevator Drive Components Business (2021–2026)
11.5.5 Bucher Hydraulics Recent Development
11.6 SynMatic
11.6.1 SynMatic Company Details
11.6.2 SynMatic Business Overview
11.6.3 SynMatic Elevator Drive Components Introduction
11.6.4 SynMatic Revenue in Elevator Drive Components Business (2021–2026)
11.6.5 SynMatic Recent Development
11.7 Chr. Mayr GmbH + Co. KG
11.7.1 Chr. Mayr GmbH + Co. KG Company Details
11.7.2 Chr. Mayr GmbH + Co. KG Business Overview
11.7.3 Chr. Mayr GmbH + Co. KG Elevator Drive Components Introduction
11.7.4 Chr. Mayr GmbH + Co. KG Revenue in Elevator Drive Components Business (2021–2026)
11.7.5 Chr. Mayr GmbH + Co. KG Recent Development
11.8 ZIEHL-ABEGG
11.8.1 ZIEHL-ABEGG Company Details
11.8.2 ZIEHL-ABEGG Business Overview
11.8.3 ZIEHL-ABEGG Elevator Drive Components Introduction
11.8.4 ZIEHL-ABEGG Revenue in Elevator Drive Components Business (2021–2026)
11.8.5 ZIEHL-ABEGG Recent Development
11.9 Columbus McKinnon
11.9.1 Columbus McKinnon Company Details
11.9.2 Columbus McKinnon Business Overview
11.9.3 Columbus McKinnon Elevator Drive Components Introduction
11.9.4 Columbus McKinnon Revenue in Elevator Drive Components Business (2021–2026)
11.9.5 Columbus McKinnon Recent Development
11.10 WEG
11.10.1 WEG Company Details
11.10.2 WEG Business Overview
11.10.3 WEG Elevator Drive Components Introduction
11.10.4 WEG Revenue in Elevator Drive Components Business (2021–2026)
11.10.5 WEG Recent Development
11.11 ABB
11.11.1 ABB Company Details
11.11.2 ABB Business Overview
11.11.3 ABB Elevator Drive Components Introduction
11.11.4 ABB Revenue in Elevator Drive Components Business (2021–2026)
11.11.5 ABB Recent Development
11.12 Schneider Electric
11.12.1 Schneider Electric Company Details
11.12.2 Schneider Electric Business Overview
11.12.3 Schneider Electric Elevator Drive Components Introduction
11.12.4 Schneider Electric Revenue in Elevator Drive Components Business (2021–2026)
11.12.5 Schneider Electric Recent Development
11.13 Siemens
11.13.1 Siemens Company Details
11.13.2 Siemens Business Overview
11.13.3 Siemens Elevator Drive Components Introduction
11.13.4 Siemens Revenue in Elevator Drive Components Business (2021–2026)
11.13.5 Siemens Recent Development
11.14 Toshiba
11.14.1 Toshiba Company Details
11.14.2 Toshiba Business Overview
11.14.3 Toshiba Elevator Drive Components Introduction
11.14.4 Toshiba Revenue in Elevator Drive Components Business (2021–2026)
11.14.5 Toshiba Recent Development
11.15 Danfoss
11.15.1 Danfoss Company Details
11.15.2 Danfoss Business Overview
11.15.3 Danfoss Elevator Drive Components Introduction
11.15.4 Danfoss Revenue in Elevator Drive Components Business (2021–2026)
11.15.5 Danfoss Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
Table 1. Global Elevator Drive Components Market Size Growth Rate by Type (US$ Million): 2021 vs 2025 vs 2032
Table 2. Key Players of Traction Drive
Table 3. Key Players of Hydraulic Drive
Table 4. Global Elevator Drive Components Market Size Growth Rate by Motor Transmission Type (US$ Million): 2021 vs 2025 vs 2032
Table 5. Key Players of Geared Traction Machine
Table 6. Key Players of Gearless Permanent-Magnet Synchronous Traction Machine
Table 7. Global Elevator Drive Components Market Size Growth Rate by Speed Class (US$ Million): 2021 vs 2025 vs 2032
Table 8. Key Players of Low-Speed, Low-Rise Drives (≤1.0 M/S)
Table 9. Key Players of Mid-Speed Drives (1.0–2.5 M/S)
Table 10. Key Players of High-Speed Drives (2.6–4.0 M/S)
Table 11. Key Players of Ultra-High-Speed Drives (>4.0 M/S)
Table 12. Global Elevator Drive Components Market Size Growth by Application (US$ Million): 2021 vs 2025 vs 2032
Table 13. Global Elevator Drive Components Market Size by Region (US$ Million): 2021 vs 2025 vs 2032
Table 14. Global Elevator Drive Components Market Size by Region (US$ Million), 2021–2026
Table 15. Global Elevator Drive Components Market Share by Region (2021–2026)
Table 16. Global Elevator Drive Components Forecasted Market Size by Region (US$ Million), 2027–2032
Table 17. Global Elevator Drive Components Market Share by Region (2027–2032)
Table 18. Elevator Drive Components Market Trends
Table 19. Elevator Drive Components Market Drivers
Table 20. Elevator Drive Components Market Challenges
Table 21. Elevator Drive Components Market Restraints
Table 22. Global Elevator Drive Components Revenue by Players (US$ Million), 2021–2026
Table 23. Global Elevator Drive Components Market Share by Players (2021–2026)
Table 24. Global Top Elevator Drive Components Players by Tier (Tier 1, Tier 2, and Tier 3), based on Elevator Drive Components Revenue, 2025
Table 25. Ranking of Global Top Elevator Drive Components Companies by Revenue (US$ Million) in 2025
Table 26. Global 5 Largest Players Market Share by Elevator Drive Components Revenue (CR5 and HHI), 2021–2026
Table 27. Global Key Players of Elevator Drive Components, Headquarters and Area Served
Table 28. Global Key Players of Elevator Drive Components, Products and Applications
Table 29. Global Key Players of Elevator Drive Components, Date of General Availability (GA)
Table 30. Mergers and Acquisitions, Expansion Plans
Table 31. Global Elevator Drive Components Market Size by Type (US$ Million), 2021–2026
Table 32. Global Elevator Drive Components Revenue Market Share by Type (2021–2026)
Table 33. Global Elevator Drive Components Forecasted Market Size by Type (US$ Million), 2027–2032
Table 34. Global Elevator Drive Components Revenue Market Share by Type (2027–2032)
Table 35. Global Elevator Drive Components Market Size by Application (US$ Million), 2021–2026
Table 36. Global Elevator Drive Components Revenue Market Share by Application (2021–2026)
Table 37. Global Elevator Drive Components Forecasted Market Size by Application (US$ Million), 2027–2032
Table 38. Global Elevator Drive Components Revenue Market Share by Application (2027–2032)
Table 39. North America Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
Table 40. North America Elevator Drive Components Market Size by Country (US$ Million), 2021–2026
Table 41. North America Elevator Drive Components Market Size by Country (US$ Million), 2027–2032
Table 42. Europe Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
Table 43. Europe Elevator Drive Components Market Size by Country (US$ Million), 2021–2026
Table 44. Europe Elevator Drive Components Market Size by Country (US$ Million), 2027–2032
Table 45. Asia-Pacific Elevator Drive Components Market Size Growth Rate by Region (US$ Million): 2021 vs 2025 vs 2032
Table 46. Asia-Pacific Elevator Drive Components Market Size by Region (US$ Million), 2021–2026
Table 47. Asia-Pacific Elevator Drive Components Market Size by Region (US$ Million), 2027–2032
Table 48. Latin America Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
Table 49. Latin America Elevator Drive Components Market Size by Country (US$ Million), 2021–2026
Table 50. Latin America Elevator Drive Components Market Size by Country (US$ Million), 2027–2032
Table 51. Middle East & Africa Elevator Drive Components Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032
Table 52. Middle East & Africa Elevator Drive Components Market Size by Country (US$ Million), 2021–2026
Table 53. Middle East & Africa Elevator Drive Components Market Size by Country (US$ Million), 2027–2032
Table 54. Inovance Company Details
Table 55. Inovance Business Overview
Table 56. Inovance Elevator Drive Components Product
Table 57. Inovance Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 58. Inovance Recent Development
Table 59. NIDEC Company Details
Table 60. NIDEC Business Overview
Table 61. NIDEC Elevator Drive Components Product
Table 62. NIDEC Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 63. NIDEC Recent Development
Table 64. Wittur Group Company Details
Table 65. Wittur Group Business Overview
Table 66. Wittur Group Elevator Drive Components Product
Table 67. Wittur Group Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 68. Wittur Group Recent Development
Table 69. Bauer Gear Motor Company Details
Table 70. Bauer Gear Motor Business Overview
Table 71. Bauer Gear Motor Elevator Drive Components Product
Table 72. Bauer Gear Motor Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 73. Bauer Gear Motor Recent Development
Table 74. Bucher Hydraulics Company Details
Table 75. Bucher Hydraulics Business Overview
Table 76. Bucher Hydraulics Elevator Drive Components Product
Table 77. Bucher Hydraulics Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 78. Bucher Hydraulics Recent Development
Table 79. SynMatic Company Details
Table 80. SynMatic Business Overview
Table 81. SynMatic Elevator Drive Components Product
Table 82. SynMatic Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 83. SynMatic Recent Development
Table 84. Chr. Mayr GmbH + Co. KG Company Details
Table 85. Chr. Mayr GmbH + Co. KG Business Overview
Table 86. Chr. Mayr GmbH + Co. KG Elevator Drive Components Product
Table 87. Chr. Mayr GmbH + Co. KG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 88. Chr. Mayr GmbH + Co. KG Recent Development
Table 89. ZIEHL-ABEGG Company Details
Table 90. ZIEHL-ABEGG Business Overview
Table 91. ZIEHL-ABEGG Elevator Drive Components Product
Table 92. ZIEHL-ABEGG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 93. ZIEHL-ABEGG Recent Development
Table 94. Columbus McKinnon Company Details
Table 95. Columbus McKinnon Business Overview
Table 96. Columbus McKinnon Elevator Drive Components Product
Table 97. Columbus McKinnon Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 98. Columbus McKinnon Recent Development
Table 99. WEG Company Details
Table 100. WEG Business Overview
Table 101. WEG Elevator Drive Components Product
Table 102. WEG Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 103. WEG Recent Development
Table 104. ABB Company Details
Table 105. ABB Business Overview
Table 106. ABB Elevator Drive Components Product
Table 107. ABB Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 108. ABB Recent Development
Table 109. Schneider Electric Company Details
Table 110. Schneider Electric Business Overview
Table 111. Schneider Electric Elevator Drive Components Product
Table 112. Schneider Electric Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 113. Schneider Electric Recent Development
Table 114. Siemens Company Details
Table 115. Siemens Business Overview
Table 116. Siemens Elevator Drive Components Product
Table 117. Siemens Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 118. Siemens Recent Development
Table 119. Toshiba Company Details
Table 120. Toshiba Business Overview
Table 121. Toshiba Elevator Drive Components Product
Table 122. Toshiba Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 123. Toshiba Recent Development
Table 124. Danfoss Company Details
Table 125. Danfoss Business Overview
Table 126. Danfoss Elevator Drive Components Product
Table 127. Danfoss Revenue in Elevator Drive Components Business (US$ Million), 2021–2026
Table 128. Danfoss Recent Development
Table 129. Research Programs/Design for This Report
Table 130. Key Data Information from Secondary Sources
Table 131. Key Data Information from Primary Sources
Table 132. Authors List of This Report
List of Figures
Figure 1. Elevator Drive Components Picture
Figure 2. Global Elevator Drive Components Market Size Comparison by Type (US$ Million), 2021–2032
Figure 3. Global Elevator Drive Components Market Share by Type: 2025 vs 2032
Figure 4. Traction Drive Features
Figure 5. Hydraulic Drive Features
Figure 6. Global Elevator Drive Components Market Size Comparison by Motor Transmission Type (US$ Million), 2021–2032
Figure 7. Geared Traction Machine Features
Figure 8. Gearless Permanent-Magnet Synchronous Traction Machine Features
Figure 9. Global Elevator Drive Components Market Size Comparison by Speed Class (US$ Million), 2021–2032
Figure 10. Low-Speed, Low-Rise Drives (≤1.0 M/S) Features
Figure 11. Mid-Speed Drives (1.0–2.5 M/S) Features
Figure 12. High-Speed Drives (2.6–4.0 M/S) Features
Figure 13. Ultra-High-Speed Drives (>4.0 M/S) Features
Figure 14. Global Elevator Drive Components Market Size by Application (US$ Million), 2021–2032
Figure 15. Global Elevator Drive Components Market Share by Application: 2025 vs 2032
Figure 16. Passenger Elevator Case Studies
Figure 17. Freight Elevator Case Studies
Figure 18. Others Case Studies
Figure 19. Elevator Drive Components Report Years Considered
Figure 20. Global Elevator Drive Components Market Size (US$ Million), Year-over-Year: 2021–2032
Figure 21. Global Elevator Drive Components Market Size, (US$ Million), 2021 vs 2025 vs 2032
Figure 22. Global Elevator Drive Components Market Share by Region: 2025 vs 2032
Figure 23. Global Elevator Drive Components Market Share by Players in 2025
Figure 24. Global Elevator Drive Components Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
Figure 25. The Top 10 and 5 Players Market Share by Elevator Drive Components Revenue in 2025
Figure 26. North America Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 27. North America Elevator Drive Components Market Share by Country (2021–2032)
Figure 28. United States Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 29. Canada Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 30. Europe Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 31. Europe Elevator Drive Components Market Share by Country (2021–2032)
Figure 32. Germany Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 33. France Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 34. U.K. Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 35. Italy Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 36. Russia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 37. Ireland Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 38. Asia-Pacific Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 39. Asia-Pacific Elevator Drive Components Market Share by Region (2021–2032)
Figure 40. China Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 41. Japan Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 42. South Korea Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 43. Southeast Asia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 44. India Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 45. Australia & New Zealand Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 46. Latin America Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 47. Latin America Elevator Drive Components Market Share by Country (2021–2032)
Figure 48. Mexico Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 49. Brazil Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 50. Middle East & Africa Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 51. Middle East & Africa Elevator Drive Components Market Share by Country (2021–2032)
Figure 52. Israel Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 53. Saudi Arabia Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 54. UAE Elevator Drive Components Market Size YoY Growth (US$ Million), 2021–2032
Figure 55. Inovance Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 56. NIDEC Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 57. Wittur Group Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 58. Bauer Gear Motor Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 59. Bucher Hydraulics Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 60. SynMatic Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 61. Chr. Mayr GmbH + Co. KG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 62. ZIEHL-ABEGG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 63. Columbus McKinnon Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 64. WEG Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 65. ABB Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 66. Schneider Electric Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 67. Siemens Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 68. Toshiba Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 69. Danfoss Revenue Growth Rate in Elevator Drive Components Business (2021–2026)
Figure 70. Bottom-up and Top-down Approaches for This Report
Figure 71. Data Triangulation
Figure 72. Key Executives Interviewed
