Belgium Elevator Market to 2032
Overview
The Belgium Elevator Market is expected to reach a 1,481.93 USD Million by 2032 and is projected to grow at a CAGR of 7.20% from 2025 to 2032.
Revenue, 2024 (USD Million)
856.39
Forecast, 2032 (USD Million)
1,481.93
CAGR, 2024 - 2032
7.20%
Report Coverage
Belgium
Belgium Elevator Market 2018-2032 USD Million
Belgium Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 856.39 USD Million
- Projected Market Size (2032): 1,481.93 USD Million
- CAGR (2025-2032): 7.20%
Key Findings of Belgium Elevator Market
- The Belgium Elevator Market was valued at 856.39 USD Million in 2024.
- The Belgium Elevator Market is likely to grow at a CAGR of 7.20% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Single Deck in Deck Segment accounted for the largest share of the market with a revenue of 628.19 USD Million
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 8.38% during the forecast period from 2024 to 2032.
Belgium Elevator Market Scope
Belgium Elevator Market Segmentation & Scope
End Use
- Industrial
- Residential
- Commercial
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
Deck
- Double Deck
- Single Deck
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Component
- Services
- Hardware
Belgium Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 856.39 USD Million |
| Market Value in 2032 | 1,481.93 USD Million |
| CAGR (2025-2032) | 7.20% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End Use,Door Type,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component |
Regional Insights:
-
Leading Market (2024-2032): Belgium, leading in terms of revenue 856.39 USD Million in 2024
- Key Country: Belgium, leading in terms of revenue with value of 856.39 USD Million in 2024.
Segments and Scope
-
Belgium Elevator Market to 2032, By End Use
- Commercial is the largest segment in Belgium Elevator Market to 2032 with a revenue of 453.32 USD Million in the year 2024.
- Commercial is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.40 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in Belgium Elevator Market to 2032 with a revenue of 380.77 USD Million in the year 2024.
- Automatic Door is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.84 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in Belgium Elevator Market to 2032 with a revenue of 464.84 USD Million in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.27 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in Belgium Elevator Market to 2032 with a revenue of 339.62 USD Million in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.93 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in Belgium Elevator Market to 2032 with a revenue of 296.69 USD Million in the year 2024.
- 630kg (or less) is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 8.38 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in Belgium Elevator Market to 2032 with a revenue of 439.87 USD Million in the year 2024.
- Low Rise Elevators is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.43 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in Belgium Elevator Market to 2032 with a revenue of 499.36 USD Million in the year 2024.
- Conventional is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.30 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Deck
- Single Deck is the largest segment in Belgium Elevator Market to 2032 with a revenue of 628.19 USD Million in the year 2024.
- Single Deck is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.25 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in Belgium Elevator Market to 2032 with a revenue of 412.89 USD Million in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.59 % in forecast period 2025-2032.
-
Belgium Elevator Market to 2032, By Component
- Hardware is the largest segment in Belgium Elevator Market to 2032 with a revenue of 575.35 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Belgium Elevator Market to 2032 with a Growth rate of 7.27 % in forecast period 2025-2032.
Belgium Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
Belgium Elevator Market Geographical Sales Distribution, 2018-2032 USD Million
Belgium Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Belgium Elevator Market is segmented based on Segmentation End Use,Door Type,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
Belgium Elevator Market was valued at USD 856.39(Revenue in USD Million) in 2024.
Belgium Elevator Market is projected to grow at a CAGR of 7.20% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the Belgium Elevator Market, holding a largest market share of 628.19 USD Million in 2024
Belgium Elevator Market Scope
Belgium Elevator Market Segmentation & Scope
End Use
- Industrial
- Residential
- Commercial
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
Deck
- Double Deck
- Single Deck
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Component
- Services
- Hardware
Frequently Asked Questions
The Belgium Elevator Market is segmented based on Segmentation End Use,Door Type,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
Belgium Elevator Market was valued at USD 856.39(Revenue in USD Million) in 2024.
Belgium Elevator Market is projected to grow at a CAGR of 7.20% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium Elevator Market for final year is USD 1,481.93 (USD Million).
Belgium Elevator Market Company Profiling
Frequently Asked Questions
The Belgium Elevator Market is segmented based on Segmentation End Use,Door Type,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
Belgium Elevator Market was valued at USD 856.39(Revenue in USD Million) in 2024.
Belgium Elevator Market is projected to grow at a CAGR of 7.20% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium Elevator Market for final year is USD 1,481.93 (USD Million).
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