| Product Code: ETC9965152 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the United States saw a shift in the concentration of elevator motor imports, with higher concentration among top exporting countries such as Mexico, Japan, China, South Korea, and Vietnam. Despite a slight decline in growth rate from 2023 to 2024, the overall compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 3.47%. This data suggests a dynamic landscape in the elevator motor market, with key players vying for a larger share in the US market.

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 United States (US) Elevator Motors Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Elevator Motors Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Elevator Motors Market - Industry Life Cycle |
3.4 United States (US) Elevator Motors Market - Porter's Five Forces |
3.5 United States (US) Elevator Motors Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.6 United States (US) Elevator Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 United States (US) Elevator Motors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 United States (US) Elevator Motors Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 United States (US) Elevator Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in the United States leading to the installation of new elevators. |
4.2.2 Growing focus on energy-efficient solutions driving the demand for modern elevator motors. |
4.2.3 Technological advancements in elevator motor designs improving performance and reliability. |
4.3 Market Restraints |
4.3.1 High initial costs associated with upgrading or replacing elevator motors. |
4.3.2 Stringent regulations and safety standards impacting the adoption of new elevator motor technologies. |
4.3.3 Economic downturns affecting investments in new construction projects. |
5 United States (US) Elevator Motors Market Trends |
6 United States (US) Elevator Motors Market, By Types |
6.1 United States (US) Elevator Motors Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Elevator Motors Market Revenues & Volume, By Category, 2021- 2031F |
6.1.3 United States (US) Elevator Motors Market Revenues & Volume, By AC Motors, 2021- 2031F |
6.1.4 United States (US) Elevator Motors Market Revenues & Volume, By DC Motors, 2021- 2031F |
6.2 United States (US) Elevator Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Elevator Motors Market Revenues & Volume, By Geared Traction Motors, 2021- 2031F |
6.2.3 United States (US) Elevator Motors Market Revenues & Volume, By Gearless Traction Motors, 2021- 2031F |
6.3 United States (US) Elevator Motors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Elevator Motors Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 United States (US) Elevator Motors Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4 United States (US) Elevator Motors Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Elevator Motors Market Revenues & Volume, By Online, 2021- 2031F |
6.4.3 United States (US) Elevator Motors Market Revenues & Volume, By Offline, 2021- 2031F |
6.4.4 United States (US) Elevator Motors Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.4.5 United States (US) Elevator Motors Market Revenues & Volume, By Indirect Sales, 2021- 2031F |
7 United States (US) Elevator Motors Market Import-Export Trade Statistics |
7.1 United States (US) Elevator Motors Market Export to Major Countries |
7.2 United States (US) Elevator Motors Market Imports from Major Countries |
8 United States (US) Elevator Motors Market Key Performance Indicators |
8.1 Energy efficiency ratings of elevator motors. |
8.2 Average lifespan of elevator motors in use. |
8.3 Adoption rate of IoT-enabled elevator motor systems. |
8.4 Number of elevator modernization projects using advanced motor technologies. |
8.5 Percentage of elevator motor replacements due to energy efficiency concerns. |
9 United States (US) Elevator Motors Market - Opportunity Assessment |
9.1 United States (US) Elevator Motors Market Opportunity Assessment, By Category, 2021 & 2031F |
9.2 United States (US) Elevator Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 United States (US) Elevator Motors Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 United States (US) Elevator Motors Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 United States (US) Elevator Motors Market - Competitive Landscape |
10.1 United States (US) Elevator Motors Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Elevator Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |