Market Overview:
The global elevator car frames market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for elevators in both residential and commercial buildings, globally. Additionally, the growing awareness about energy-efficient and eco-friendly elevator car frames is also propelling the growth of this market. The global elevator car frames market can be segmented on the basis of type into hydraulic frame and counterweight housing. The hydraulic frame segment is expected to hold a larger share of the global elevator car frames market during the forecast period owing to its advantages such as low noise levels and easy installation process.
Product Definition:
An elevator car frame is the metal frame that supports the weight of an elevator car and its passengers. Elevator car frames are typically made from steel or aluminum, and they are often painted to match the interior of the elevator cab. The frame usually includes a platform for the cab, as well as guide rails along which the cab moves.
Hydraulic Frame:
The hydraulic frame is a device that helps in maintaining the dimensional stability of car frames. It provides rigidity to the structure and also helps in absorbing shocks & vibrations. The market for hydraulic frames is expected to witness significant growth over the forecast period owing to its increasing usage across various industry verticals including automotive, aerospace, construction equipment, etc.
Counterweight Housing:
Counterweight housing is a structural component that is used to balance the elevator car's load. It helps in reducing the vibrations and shock experienced by passengers as well as the structure. The weight of counterweight housing depends on its location in an elevator car frame, which can be shifted from side to side or up and down with respect to the center of gravity depending on whether it is a vertical or horizontal car.
Application Insights:
Passenger elevator was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. The passenger elevators are widely used in residential buildings, office buildings, shopping malls and hotels. The demand for passenger elevator cars is expected to increase at a CAGR of XX% from 2018 to 2030 owing to their increasing installation rate in new commercial construction projects as well as government initiatives encouraging investments for developing affordable housing schemes.
The freight elevator car frames market is estimated to grow at a significant pace over the forecast period owing to its growing adoption across various industries such as logistics, mining & minerals processing, automotive & transportation and food & beverages among others which require heavy-duty lifting equipment for moving raw materials or manufactured products up and down within their premises or between floors of a building complex respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in urbanization, which has resulted in increased demand for elevator cars. Moreover, increasing industrial activities along with rapid development of commercial offices are some of the factors that have contributed to product demand within Asia Pacific region.
The North American regional market accounted for a significant share of revenue and is expected to grow at a steady rate over the forecast period owing to high construction spending levels coupled with rising consumer awareness regarding safety standards associated with elevators and their components. Europe also held a considerable share within the global arena in 2017 due to growing passenger traffic on an average working day as well as increasing number of shopping centers & malls across countries such as Germany, U.K.
Growth Factors:
- Elevator Car Frames market is driven by the increasing demand for elevators and escalators in the commercial and residential sectors.
- The growing construction industry is also propelling the growth of the Elevator Car Frames market.
- The increasing awareness about safety and security has led to an increase in the demand for elevator car frames with advanced safety features.
- The rising disposable income of consumers is fueling their demand for luxurious elevators with better aesthetics and features.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Car Frames Market Research Report
By Type
Hydraulic Frame, Counterweight Housing, Others
By Application
Passenger Elevator, Freight Elevator, Others
By Companies
Lifttec Engineers, MORIS, JMS Industries, OTAK ELEVATORS, ALGI, Shanghai Shengyiduo, Shiv Shakti Industries, Nova, Bahtiyar Karakoc, Adoor Elevator Systems, Suzhou Mozitor Elevator, WITTUR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Car Frames Market Report Segments:
The global Elevator Car Frames market is segmented on the basis of:
Types
Hydraulic Frame, Counterweight Housing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Elevator, Freight Elevator, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lifttec Engineers
- MORIS
- JMS Industries
- OTAK ELEVATORS
- ALGI
- Shanghai Shengyiduo
- Shiv Shakti Industries
- Nova
- Bahtiyar Karakoc
- Adoor Elevator Systems
- Suzhou Mozitor Elevator
- WITTUR
Highlights of The Elevator Car Frames Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydraulic Frame
- Counterweight Housing
- Others
- By Application:
- Passenger Elevator
- Freight Elevator
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elevator Car Frames Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elevator car frames are the metal framework that supports an elevator car.
Some of the key players operating in the elevator car frames market are Lifttec Engineers, MORIS, JMS Industries, OTAK ELEVATORS, ALGI, Shanghai Shengyiduo, Shiv Shakti Industries, Nova, Bahtiyar Karakoc, Adoor Elevator Systems, Suzhou Mozitor Elevator, WITTUR.
The elevator car frames market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elevator Car Frames Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elevator Car Frames Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elevator Car Frames Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elevator Car Frames Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elevator Car Frames Market Size & Forecast, 2020-2028
4.5.1 Elevator Car Frames Market Size and Y-o-Y Growth
4.5.2 Elevator Car Frames Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hydraulic Frame
5.2.2 Counterweight Housing
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Elevator
6.2.2 Freight Elevator
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elevator Car Frames Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elevator Car Frames Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hydraulic Frame
9.6.2 Counterweight Housing
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Elevator
9.10.2 Freight Elevator
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hydraulic Frame
10.6.2 Counterweight Housing
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Elevator
10.10.2 Freight Elevator
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hydraulic Frame
11.6.2 Counterweight Housing
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Elevator
11.10.2 Freight Elevator
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hydraulic Frame
12.6.2 Counterweight Housing
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Elevator
12.10.2 Freight Elevator
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hydraulic Frame
13.6.2 Counterweight Housing
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Elevator
13.10.2 Freight Elevator
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elevator Car Frames Market: Competitive Dashboard
14.2 Global Elevator Car Frames Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lifttec Engineers
14.3.2 MORIS
14.3.3 JMS Industries
14.3.4 OTAK ELEVATORS
14.3.5 ALGI
14.3.6 Shanghai Shengyiduo
14.3.7 Shiv Shakti Industries
14.3.8 Nova
14.3.9 Bahtiyar Karakoc
14.3.10 Adoor Elevator Systems
14.3.11 Suzhou Mozitor Elevator
14.3.12 WITTUR
