Turkey Elevator Market to 2032
Overview
The Turkey Elevator Market is expected to reach a 776.81 USD Million by 2032 and is projected to grow at a CAGR of 6.19% from 2025 to 2032.
Revenue, 2024 (USD Million)
484.52
Forecast, 2032 (USD Million)
776.81
CAGR, 2024 - 2032
6.19%
Report Coverage
Turkey
Turkey Elevator Market 2018-2032 USD Million
Turkey Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 484.52 USD Million
- Projected Market Size (2032): 776.81 USD Million
- CAGR (2025-2032): 6.19%
Key Findings of Turkey Elevator Market
- The Turkey Elevator Market was valued at 484.52 USD Million in 2024.
- The Turkey Elevator Market is likely to grow at a CAGR of 6.19% 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 357.21 USD Million
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 7.30% during the forecast period from 2024 to 2032.
Turkey Elevator Market Scope
Turkey Elevator Market Segmentation & Scope
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
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
Deck
- Double Deck
- Single Deck
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
End Use
- Industrial
- Residential
- Commercial
Turkey Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 484.52 USD Million |
| Market Value in 2032 | 776.81 USD Million |
| CAGR (2025-2032) | 6.19% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Mechanism,Speed,Component ,Deck ,Capacity,Type,Door Type,Elevation,Destination Control,End Use |
Regional Insights:
-
Leading Market (2024-2032): Turkey, leading in terms of revenue 484.52 USD Million in 2024
- Key Country: Turkey, leading in terms of revenue with value of 484.52 USD Million in 2024.
Segments and Scope
-
Turkey Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in Turkey Elevator Market to 2032 with a revenue of 196.21 USD Million in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.87 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in Turkey Elevator Market to 2032 with a revenue of 237.09 USD Million in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.55 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Component
- Hardware is the largest segment in Turkey Elevator Market to 2032 with a revenue of 327.72 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.63 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Deck
- Single Deck is the largest segment in Turkey Elevator Market to 2032 with a revenue of 357.21 USD Million in the year 2024.
- Single Deck is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.49 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in Turkey Elevator Market to 2032 with a revenue of 172.26 USD Million in the year 2024.
- 630kg (or less) is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 7.30 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in Turkey Elevator Market to 2032 with a revenue of 266.07 USD Million in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.32 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in Turkey Elevator Market to 2032 with a revenue of 219.17 USD Million in the year 2024.
- Automatic Door is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.79 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in Turkey Elevator Market to 2032 with a revenue of 252.14 USD Million in the year 2024.
- Low Rise Elevators is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.41 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in Turkey Elevator Market to 2032 with a revenue of 285.33 USD Million in the year 2024.
- Conventional is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.28 % in forecast period 2025-2032.
-
Turkey Elevator Market to 2032, By End Use
- Commercial is the largest segment in Turkey Elevator Market to 2032 with a revenue of 259.65 USD Million in the year 2024.
- Commercial is the Fastest growing segment in Turkey Elevator Market to 2032 with a Growth rate of 6.37 % in forecast period 2025-2032.
Turkey Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
Turkey Elevator Market Geographical Sales Distribution, 2018-2032 USD Million
Turkey Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Turkey Elevator Market is segmented based on Segmentation Mechanism,Speed,Component ,Deck ,Capacity,Type,Door Type,Elevation,Destination Control,End Use.
Turkey Elevator Market was valued at USD 484.52(Revenue in USD Million) in 2024.
Turkey Elevator Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the Turkey Elevator Market, holding a largest market share of 357.21 USD Million in 2024
Turkey Elevator Market Scope
Turkey Elevator Market Segmentation & Scope
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
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
Deck
- Double Deck
- Single Deck
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
Destination Control
- Smart
- Conventional
End Use
- Industrial
- Residential
- Commercial
Frequently Asked Questions
The Turkey Elevator Market is segmented based on Segmentation Mechanism,Speed,Component ,Deck ,Capacity,Type,Door Type,Elevation,Destination Control,End Use.
Turkey Elevator Market was valued at USD 484.52(Revenue in USD Million) in 2024.
Turkey Elevator Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The estimated market value of the Turkey Elevator Market for final year is USD 776.81 (USD Million).
Turkey Elevator Market Company Profiling
Frequently Asked Questions
The Turkey Elevator Market is segmented based on Segmentation Mechanism,Speed,Component ,Deck ,Capacity,Type,Door Type,Elevation,Destination Control,End Use.
Turkey Elevator Market was valued at USD 484.52(Revenue in USD Million) in 2024.
Turkey Elevator Market is projected to grow at a CAGR of 6.19% during the forecast period of 2024 to 2032.
The estimated market value of the Turkey Elevator Market for final year is USD 776.81 (USD Million).
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