RoMEA Elevator Market to 2032
Overview
The RoMEA Elevator Market is expected to reach a 303.00 USD Million by 2032 and is projected to grow at a CAGR of 5.24% from 2025 to 2032.
Revenue, 2024 (USD Million)
203.09
Forecast, 2032 (USD Million)
303.00
CAGR, 2024 - 2032
5.24%
Report Coverage
RoMEA
RoMEA Elevator Market 2018-2032 USD Million
RoMEA Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 203.09 USD Million
- Projected Market Size (2032): 303.00 USD Million
- CAGR (2025-2032): 5.24%
Key Findings of RoMEA Elevator Market
- The RoMEA Elevator Market was valued at 203.09 USD Million in 2024.
- The RoMEA Elevator Market is likely to grow at a CAGR of 5.24% 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 145.21 USD Million
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 6.73% during the forecast period from 2024 to 2032.
RoMEA Elevator Market Scope
RoMEA Elevator Market Segmentation & Scope
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
End Use
- Industrial
- Residential
- Commercial
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
RoMEA Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 203.09 USD Million |
| Market Value in 2032 | 303.00 USD Million |
| CAGR (2025-2032) | 5.24% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Door Type,End Use,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component |
Regional Insights:
-
Leading Market (2024-2032): RoMEA, leading in terms of revenue 203.09 USD Million in 2024
- Key Country: RoMEA, leading in terms of revenue with value of 203.09 USD Million in 2024.
Segments and Scope
-
RoMEA Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 82.45 USD Million in the year 2024.
- Automatic Door is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 6.01 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By End Use
- Commercial is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 100.85 USD Million in the year 2024.
- Commercial is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.47 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 103.77 USD Million in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.29 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 72.01 USD Million in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 6.14 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 61.12 USD Million in the year 2024.
- 630kg (or less) is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 6.73 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 97.44 USD Million in the year 2024.
- Low Rise Elevators is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.51 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 112.53 USD Million in the year 2024.
- Conventional is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.35 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Deck
- Single Deck is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 145.21 USD Million in the year 2024.
- Single Deck is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.29 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 90.60 USD Million in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.70 % in forecast period 2025-2032.
-
RoMEA Elevator Market to 2032, By Component
- Hardware is the largest segment in RoMEA Elevator Market to 2032 with a revenue of 131.80 USD Million in the year 2024.
- Hardware is the Fastest growing segment in RoMEA Elevator Market to 2032 with a Growth rate of 5.31 % in forecast period 2025-2032.
RoMEA Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
RoMEA Elevator Market Geographical Sales Distribution, 2018-2032 USD Million
RoMEA Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The RoMEA Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
RoMEA Elevator Market was valued at USD 203.09(Revenue in USD Million) in 2024.
RoMEA Elevator Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the RoMEA Elevator Market, holding a largest market share of 145.21 USD Million in 2024
RoMEA Elevator Market Scope
RoMEA Elevator Market Segmentation & Scope
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
End Use
- Industrial
- Residential
- Commercial
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 RoMEA Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
RoMEA Elevator Market was valued at USD 203.09(Revenue in USD Million) in 2024.
RoMEA Elevator Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The estimated market value of the RoMEA Elevator Market for final year is USD 303.00 (USD Million).
RoMEA Elevator Market Company Profiling
Frequently Asked Questions
The RoMEA Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Capacity,Elevation,Destination Control,Deck ,Speed,Component .
RoMEA Elevator Market was valued at USD 203.09(Revenue in USD Million) in 2024.
RoMEA Elevator Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The estimated market value of the RoMEA Elevator Market for final year is USD 303.00 (USD Million).
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