Sweden Elevator Market to 2032
Overview
The Sweden Elevator Market is expected to reach a 990.57 USD Million by 2032 and is projected to grow at a CAGR of 6.40% from 2025 to 2032.
Revenue, 2024 (USD Million)
607.96
Forecast, 2032 (USD Million)
990.57
CAGR, 2024 - 2032
6.40%
Report Coverage
Sweden
Sweden Elevator Market 2018-2032 USD Million
Sweden Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 607.96 USD Million
- Projected Market Size (2032): 990.57 USD Million
- CAGR (2025-2032): 6.40%
Key Findings of Sweden Elevator Market
- The Sweden Elevator Market was valued at 607.96 USD Million in 2024.
- The Sweden Elevator Market is likely to grow at a CAGR of 6.40% 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 447.32 USD Million
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 7.54% during the forecast period from 2024 to 2032.
Sweden Elevator Market Scope
Sweden 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
Component
- Services
- Hardware
Deck
- Double Deck
- Single Deck
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
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)
Sweden Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 607.96 USD Million |
| Market Value in 2032 | 990.57 USD Million |
| CAGR (2025-2032) | 6.40% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Door Type,End Use,Type,Mechanism,Component ,Deck ,Capacity,Elevation,Destination Control,Speed |
Regional Insights:
-
Leading Market (2024-2032): Sweden, leading in terms of revenue 607.96 USD Million in 2024
- Key Country: Sweden, leading in terms of revenue with value of 607.96 USD Million in 2024.
Segments and Scope
-
Sweden Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in Sweden Elevator Market to 2032 with a revenue of 273.14 USD Million in the year 2024.
- Automatic Door is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 7.01 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By End Use
- Commercial is the largest segment in Sweden Elevator Market to 2032 with a revenue of 324.21 USD Million in the year 2024.
- Commercial is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.59 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in Sweden Elevator Market to 2032 with a revenue of 332.32 USD Million in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.56 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in Sweden Elevator Market to 2032 with a revenue of 244.17 USD Million in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 7.10 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Component
- Hardware is the largest segment in Sweden Elevator Market to 2032 with a revenue of 410.11 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.46 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Deck
- Single Deck is the largest segment in Sweden Elevator Market to 2032 with a revenue of 447.32 USD Million in the year 2024.
- Single Deck is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.81 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in Sweden Elevator Market to 2032 with a revenue of 213.95 USD Million in the year 2024.
- 630kg (or less) is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 7.54 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in Sweden Elevator Market to 2032 with a revenue of 314.74 USD Million in the year 2024.
- Low Rise Elevators is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.62 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in Sweden Elevator Market to 2032 with a revenue of 356.62 USD Million in the year 2024.
- Conventional is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.49 % in forecast period 2025-2032.
-
Sweden Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in Sweden Elevator Market to 2032 with a revenue of 295.75 USD Million in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in Sweden Elevator Market to 2032 with a Growth rate of 6.77 % in forecast period 2025-2032.
Sweden Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
Sweden Elevator Market Geographical Sales Distribution, 2018-2032 USD Million
Sweden Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Sweden Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Component ,Deck ,Capacity,Elevation,Destination Control,Speed.
Sweden Elevator Market was valued at USD 607.96(Revenue in USD Million) in 2024.
Sweden Elevator Market is projected to grow at a CAGR of 6.40% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the Sweden Elevator Market, holding a largest market share of 447.32 USD Million in 2024
Sweden Elevator Market Scope
Sweden 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
Component
- Services
- Hardware
Deck
- Double Deck
- Single Deck
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
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)
Frequently Asked Questions
The Sweden Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Component ,Deck ,Capacity,Elevation,Destination Control,Speed.
Sweden Elevator Market was valued at USD 607.96(Revenue in USD Million) in 2024.
Sweden Elevator Market is projected to grow at a CAGR of 6.40% during the forecast period of 2024 to 2032.
The estimated market value of the Sweden Elevator Market for final year is USD 990.57 (USD Million).
Sweden Elevator Market Company Profiling
Frequently Asked Questions
The Sweden Elevator Market is segmented based on Segmentation Door Type,End Use,Type,Mechanism,Component ,Deck ,Capacity,Elevation,Destination Control,Speed.
Sweden Elevator Market was valued at USD 607.96(Revenue in USD Million) in 2024.
Sweden Elevator Market is projected to grow at a CAGR of 6.40% during the forecast period of 2024 to 2032.
The estimated market value of the Sweden Elevator Market for final year is USD 990.57 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.