| Product Code: ETC6655762 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, the Canada elevator motors market witnessed a steady increase in imports. The compound annual growth rate (CAGR) of 6.59% from 2020 to 2024 and the year-on-year growth rate of 2.71% in 2023-2024 contributed to this upward trend. This growth was driven by factors such as increasing demand for elevator modernization and new installations in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Elevator Motors Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Elevator Motors Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Elevator Motors Market - Industry Life Cycle |
3.4 Canada Elevator Motors Market - Porter's Five Forces |
3.5 Canada Elevator Motors Market Revenues & Volume Share, By Category, 2022 & 2032F |
3.6 Canada Elevator Motors Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.7 Canada Elevator Motors Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Canada Elevator Motors Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
4 Canada Elevator Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing urbanization and infrastructure development in Canada leading to increased demand for elevators. |
4.2.2 Technological advancements in elevator motor efficiency and sustainability. |
4.2.3 Government initiatives promoting energy-efficient solutions in buildings, including elevators. |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing or upgrading elevator motors. |
4.3.2 Volatility in raw material prices impacting manufacturing costs. |
4.3.3 Regulatory challenges and compliance requirements in the elevator industry. |
5 Canada Elevator Motors Market Trends |
6 Canada Elevator Motors Market, By Types |
6.1 Canada Elevator Motors Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 Canada Elevator Motors Market Revenues & Volume, By Category, 2022-2032F |
6.1.3 Canada Elevator Motors Market Revenues & Volume, By AC Motors, 2022-2032F |
6.1.4 Canada Elevator Motors Market Revenues & Volume, By DC Motors, 2022-2032F |
6.2 Canada Elevator Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Canada Elevator Motors Market Revenues & Volume, By Geared Traction Motors, 2022-2032F |
6.2.3 Canada Elevator Motors Market Revenues & Volume, By Gearless Traction Motors, 2022-2032F |
6.3 Canada Elevator Motors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada Elevator Motors Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Canada Elevator Motors Market Revenues & Volume, By Commercial, 2022-2032F |
6.4 Canada Elevator Motors Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Canada Elevator Motors Market Revenues & Volume, By Online, 2022-2032F |
6.4.3 Canada Elevator Motors Market Revenues & Volume, By Offline, 2022-2032F |
6.4.4 Canada Elevator Motors Market Revenues & Volume, By Direct Sales, 2022-2032F |
6.4.5 Canada Elevator Motors Market Revenues & Volume, By Indirect Sales, 2022-2032F |
7 Canada Elevator Motors Market Import-Export Trade Statistics |
7.1 Canada Elevator Motors Market Export to Major Countries |
7.2 Canada Elevator Motors Market Imports from Major Countries |
8 Canada Elevator Motors Market Key Performance Indicators |
8.1 Energy efficiency ratings of elevator motors. |
8.2 Adoption rate of smart and IoT-enabled elevator motor systems. |
8.3 Number of new building constructions or renovations in Canada integrating modern elevator technologies. |
8.4 Customer satisfaction and feedback on elevator motor performance and reliability. |
8.5 Rate of growth in the maintenance and servicing of elevator motors in Canada. |
9 Canada Elevator Motors Market - Opportunity Assessment |
9.1 Canada Elevator Motors Market Opportunity Assessment, By Category, 2022 & 2032F |
9.2 Canada Elevator Motors Market Opportunity Assessment, By Type, 2022 & 2032F |
9.3 Canada Elevator Motors Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Canada Elevator Motors Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
10 Canada Elevator Motors Market - Competitive Landscape |
10.1 Canada Elevator Motors Market Revenue Share, By Companies, 2025 |
10.2 Canada Elevator Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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