United States, 11th Oct 2023 – With the global elevator market on the trajectory of robust growth, fueled by increasing urbanization and a growing elderly population, the demand for elevators and escalators has never been higher. In 2022, the global elevator market stood at an impressive USD 72.39 billion. With a projected compound annual growth rate (CAGR) of 6.4% from 2023 to 2030, this industry shows no signs of slowing down.
Today, Socialydia delves into the top 10 elevator manufacturers in the world. We’ll explore the companies driving innovation and excellence in this dynamic industry. These manufacturers play a pivotal role in shaping the landscape of vertical transportation, and their contributions are instrumental in meeting the ever-growing demands of residential, commercial, and industrial sectors worldwide.
1. OTIS
Otis Elevator (China), a well-known elevator brand in the world, started in the United States from 1853, is a Fortune 500 company in the world, the largest elevator company in the world, and the largest supplier and supplier of elevators, escalators and moving walks in the world. And OTIS is the manufacturer of the world’s first elevator.
2. Mitsubishi Electric
Mitsubishi Elevator is an elevator manufacturer owned by Japan’s Mitsubishi Group and was founded in 1921. With the tenet of “quality first, customer first”, the company has advanced technology and manufacturing processes, and its products are sold all over the world.
3. KONE
KONE Elevator is an elevator manufacturer owned by United Technologies Corporation, founded in 1853. It is one of the earliest elevator manufacturers in the world. The company’s products cover passenger elevators, freight elevators, escalators, etc.
4. Hitachi
Hitachi Elevator is an elevator manufacturer owned by Japan’s Hitachi, Ltd., founded in 1910. The company has a complete technical system and manufacturing process, and its products are sold all over the world.
5. Schindler
Founded in Switzerland in 1874, it is a large escalator manufacturer and a well-known supplier of passenger elevator / escalator / travellator / freight elevator / special elevator and related service.
6. ThyssenKrupp
The original elevator business of ThyssenKrupp Group, entered China in 1995. It is a supplier of elevator and escalator solutions, mainly covering passenger and freight elevators / escalators / moving walks and other products.
7. Toshiba
Toshiba Elevator is an elevator manufacturer owned by Japan’s Toshiba Corporation and was founded in 1930. The company focuses on technological innovation and product quality, and its products are widely used in various types of construction and transportation projects.
8. XIZI
Xizi Elevator Co., Ltd. is a comprehensive elevator manufacturing enterprise integrating R&D, manufacturing, sales, installation and after-sales service, with R&D center, intelligent manufacturing center and quality testing center three platforms. Guided by green manufacturing, the digital transformation and smart digital technology, it always adheres to the enterprise mission of “Create infinite possibility for building traffic.”
9. Fujitec
Fujitec Co., Ltd., Huasheng Fujitec Elevator Co., Ltd., a well-known brand of elevators, was founded in Japan in 1948. It is a large multinational enterprise and one of the few professional manufacturers in the elevator industry. It specializes in elevators, escalators, moving walkways, etc. space mobility system.
10. KONL
Founded in 1997, it is a modern professional elevator enterprise integrating design / manufacturing / sales / installation and maintenance. It has Class A qualifications for elevator manufacturing / installation / renovation and maintenance.
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