General Construction Products & Machinery · Indirect
Monitoring · monthlyProcurement Category Intelligence
Elevators
Overview
Market size
$145.0B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
4
tracked players
Signals
12
4 high severity
Market outlook
2031$186.8B
What changed
Demand by region
Asia Pacific demand55%
Europe demand18%
North America demand15%
Middle East & Africa demand7%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Raw Materials (Steel, Copper, Aluminum)45%
Manufacturing and Assembly Labor25%
Logistics and Freight12%
Energy and Overhead10%
Engineering and Compliance Quality Control8%
share of delivered cost (analyst estimate)