The global Elevator Services market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market.

According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.

ReportPrime"s newest research report, the “Elevator Services Industry Forecast” looks at past sales and reviews total world Elevator Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Services sales for 2025 through 2031. With Elevator Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Services industry.

This Insight Report provides a comprehensive analysis of the global Elevator Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Elevator Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

1. Segmentation by Type:
• Repairs and Emergency Repairs
• Maintenance
• Transform
• Other

1. Segmentation by Application:
• Residential
• Commercial

This report also splits the market by region:

1. Americas
• United States
• Canada
• Mexico
• Brazil

1. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia

1. Europe
• Germany
• France
• UK
• Italy
• Russia

1. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

1. Company's Coverage:
• Allied Elevator
• Bison Elevator Service, Inc
• Century Elevators
• Eastern Elevators Group
• Fandom
• Fujitec
• Hitachi
• KONE
• Orona
• Otis
• Schindler Elevator Corporation
• Southwest Elevator Company
• Stanley
• TK Elevator
• United Elevator Services

Key Questions Addressed in this Report: