Machine Room Less (MRL) Passenger Elevator Market, Global Outlook and Forecast 2024-2031

Report ID: 1650165 | Published Date: Jan 2025 | No. of Page: 112 | Base Year: 2024 | Rating: 4.7 | Webstory: Check our Web story

This report contains market size and forecasts of Machine Room Less (MRL) Passenger Elevator in global, including the following market information:
Global Machine Room Less (MRL) Passenger Elevator Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Machine Room Less (MRL) Passenger Elevator Market Sales, 2017-2022, 2023-2028, (Unit)
Global top five Machine Room Less (MRL) Passenger Elevator companies in 2021 (%)
The global Machine Room Less (MRL) Passenger Elevator market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Traction Passenger Elevator Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Machine Room Less (MRL) Passenger Elevator include Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi, Fujitec and Hyundai, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Machine Room Less (MRL) Passenger Elevator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Machine Room Less (MRL) Passenger Elevator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Machine Room Less (MRL) Passenger Elevator Market Segment Percentages, by Type, 2021 (%)
Traction Passenger Elevator
Hydraulic Passenger Elevator
Global Machine Room Less (MRL) Passenger Elevator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Machine Room Less (MRL) Passenger Elevator Market Segment Percentages, by Application, 2021 (%)
Residential Area
Commercial Office
Transportation Hub
Others
Global Machine Room Less (MRL) Passenger Elevator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Machine Room Less (MRL) Passenger Elevator Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Machine Room Less (MRL) Passenger Elevator revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Machine Room Less (MRL) Passenger Elevator revenues share in global market, 2021 (%)
Key companies Machine Room Less (MRL) Passenger Elevator sales in global market, 2017-2022 (Estimated), (Unit)
Key companies Machine Room Less (MRL) Passenger Elevator sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao

Frequently Asked Questions
Machine Room Less Passenger Elevator Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Machine Room Less Passenger Elevator Market report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Machine Room Less Passenger Elevator Market report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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