Hoist and Elevator Motors Market Players:
- ABB Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Otis Worldwide Corporation
- Demag Cranes & Components GmbH
- Richardson International Limited
- Johnson Controls
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of hoist and elevator motors is assessed at USD 107.2 billion.
The global hoist and elevator motors market size was valued at around USD 103.3 billion in 2025 and is projected to grow at a CAGR of more than 4.2%, reaching USD 155.88 billion revenue by 2035.
By 2035, the Asia Pacific region is anticipated to command a 36% share of the hoist and elevator motors market, supported by rapid urbanization and rising construction activities.
Key players in the market include ABB Corporation, Otis Worldwide Corporation, Demag Cranes & Components GmbH, Richardson International Limited, Johnson Controls, Toshiba Elevator Corporation, Exeo Group, Dai Nippon Printing Co., Ltd, Hitachi Co. Ltd., Panasonic Corporation.
