The global freight elevators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for freight elevators from various end-use industries, such as factories, warehouses, construction sites, wharfs and others. Additionally, the growing awareness about safety and security is also propelling the growth of this market. Based on type, hydraulic freight elevators are expected to dominate the global freight elevators market during the forecast period owing to their high efficiency and low maintenance cost as compared to electric freight elevators. Based on application, factory segment is projected to lead the global freight elevator market during 2018-2030 due its growing demand from various industrial sectors across different regions.
A freight elevator is a special-purpose elevator used for moving goods, either within a building or between buildings. Freight elevators are usually larger than passenger elevators, and can be either traction or hydraulic powered.
Hydraulic Freight Elevators:
Hydraulic freight elevators are a type of freight elevator that is used to lift loaded containers from the road to the platform level. They are widely used in container yards, ports, and rail depots where goods loading and unloading operations take place at regular intervals.
The global hydraulic freight elevators market size was valued at USD 3.5 billion in 2016.
Electric Freight Elevators:
Electric freight elevators are vertical transportation devices that consist of a platform lift and a chain hoist. The device is used to transfer goods using a conveyor belt from the ground level to any other level in buildings or onto trucks. It’s major applications include ports, warehouses, distribution centers and manufacturing plants among others.
The warehouse application segment accounted for the largest share of more than 40.0% in 2017 and is expected to witness significant growth over the forecast period. The growing e-commerce industry has created a demand for reliable, cost-effective and efficient warehousing solutions, which in turn is likely to propel the growth of this segment over the coming years.
The factory application segment was valued at USD 1,227.1 million in 2017 owing to its wide applications including automotive parts distribution centers, electronics warehouses as well as textile warehouses among others.
North America dominated the global freight elevators market in 2017. The region is expected to witness moderate growth over the forecast period owing to an increase in construction projects and manufacturing facilities. Furthermore, stringent government regulations regarding employee safety are anticipated to drive demand for freight elevators across this region.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing investments from foreign players and rising industrialization across countries such as China, India, Japan, South Korea & Taiwan. In addition, rapid urbanization coupled with growing population has led governments across countries such as China & India towards infrastructural development which will further boost product demand over the next eight years (2030).
Europe was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% over the forecast period due toward growing warehouse/logistics industry coupled with increasing trade activities between European nations especially within Germany & U.K.
- Increasing demand for freight elevators from the logistics and transportation sector
- Growing urbanization and industrialization in developing countries
- Rising investments in infrastructure development projects
- Proliferation of smart cities that require efficient and advanced freight elevator systems
- Technological advancements in freight elevator design and functionality
Scope Of The Report
Freight Elevators Market Research Report
Hydraulic Freight Elevators, Electric Freight Elevators
Factory, Warehouse, Construction Site, Wharf, Others
Kone, Schindler Group, Edunburgh Elevator, ThyssenKrupp, Otis, Hitachi, Fujitec, Mitsubishi Electric, Hyundai, Yungtay Engineering, Kone, Suzhou Diao, Zhejiang Meilun Elevator, Volkslift, Canny Elevator, SJEC, Ningbo Xinda Group, Dongnan Elevator, Sicher Elevator, Express Elevators, SELOON Elevator, SANYO, CNYD, Hangzhou Xiolift, Schindler
North America, Europe, APAC, Latin America, MEA
2019 to 2020 (Data from 2010 can be provided as per availability)
Number of Pages
Number of Tables & Figures
Yes, the report can be customized as per your need.
Global Freight Elevators Market Report Segments:
The global Freight Elevators market is segmented on the basis of:
Hydraulic Freight Elevators, Electric Freight Elevators
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.
Factory, Warehouse, Construction Site, Wharf, 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:
- Schindler Group
- Edunburgh Elevator
- Mitsubishi Electric
- Yungtay Engineering
- Suzhou Diao
- Zhejiang Meilun Elevator
- Canny Elevator
- Ningbo Xinda Group
- Dongnan Elevator
- Sicher Elevator
- Express Elevators
- SELOON Elevator
- Hangzhou Xiolift
Highlights of The Freight Elevators 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 Freight Elevators
- Electric Freight Elevators
- By Application:
- Construction Site
- 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 Freight Elevators 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.
- North America
- 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.
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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
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- 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?
Freight elevators are a type of conveyor belt that move goods up and down a shaft. They are used to move large items, such as furniture or cargo, between different levels in a building.
Some of the major players in the freight elevators market are Kone, Schindler Group, Edunburgh Elevator, ThyssenKrupp, Otis, Hitachi, Fujitec, Mitsubishi Electric, Hyundai, Yungtay Engineering, Kone, Suzhou Diao, Zhejiang Meilun Elevator, Volkslift, Canny Elevator, SJEC, Ningbo Xinda Group, Dongnan Elevator, Sicher Elevator, Express Elevators, SELOON Elevator, SANYO, CNYD, Hangzhou Xiolift, Schindler.
The freight elevators 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 Freight Elevators 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 Freight Elevators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Freight Elevators 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 Freight Elevators 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 Freight Elevators Market Size & Forecast, 2020-2028 4.5.1 Freight Elevators Market Size and Y-o-Y Growth 4.5.2 Freight Elevators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
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 Freight Elevators
5.2.2 Electric Freight Elevators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
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
6.2.3 Construction Site
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freight Elevators Market Analysis and Forecast by Region
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 Freight Elevators Market Size Forecast by Region
7.2.1 North America
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
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.2 North America Market Size Forecast by Country
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 Freight Elevators
9.6.2 Electric Freight Elevators
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
9.10.3 Construction Site
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
10.2 Europe Market Size Forecast by Country
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 Freight Elevators
10.6.2 Electric Freight Elevators
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
10.10.3 Construction Site
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
11.2 Asia Pacific Market Size Forecast by Country
11.2.3 South Korea
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 Freight Elevators
11.6.2 Electric Freight Elevators
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
11.10.3 Construction Site
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
12.2 Latin America Market Size Forecast by Country
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 Freight Elevators
12.6.2 Electric Freight Elevators
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
12.10.3 Construction Site
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
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
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 Freight Elevators
13.6.2 Electric Freight Elevators
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
13.10.3 Construction Site
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 Freight Elevators Market: Competitive Dashboard
14.2 Global Freight Elevators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.2 Schindler Group
14.3.3 Edunburgh Elevator
14.3.8 Mitsubishi Electric
14.3.10 Yungtay Engineering
14.3.12 Suzhou Diao
14.3.13 Zhejiang Meilun Elevator
14.3.15 Canny Elevator
14.3.17 Ningbo Xinda Group
14.3.18 Dongnan Elevator
14.3.19 Sicher Elevator
14.3.20 Express Elevators
14.3.21 SELOON Elevator
14.3.24 Hangzhou Xiolift