United States (US) Elevator Motors Market (2025-2031) | Outlook, Value, Competitive Landscape, Trends, Size & Revenue, Companies, Analysis, Industry, Growth, Forecast, Segmentation, Share

Market Forecast By Category (AC Motors, DC Motors), By Type (Geared Traction Motors, Gearless Traction Motors), By Application (Residential, Commercial), By Distribution Channel (Online, Offline, Direct Sales, Indirect Sales) And Competitive Landscape
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

United States (US) Elevator Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

United States (US) Elevator Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • United States (US) Elevator Motors Market Outlook
  • Market Size of United States (US) Elevator Motors Market, 2024
  • Forecast of United States (US) Elevator Motors Market, 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Revenues & Volume for the Period 2021- 2031
  • United States (US) Elevator Motors Market Trend Evolution
  • United States (US) Elevator Motors Market Drivers and Challenges
  • United States (US) Elevator Motors Price Trends
  • United States (US) Elevator Motors Porter's Five Forces
  • United States (US) Elevator Motors Industry Life Cycle
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Category for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By AC Motors for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By DC Motors for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Geared Traction Motors for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Gearless Traction Motors for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Residential for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Commercial for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Distribution Channel for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Online for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Offline for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Direct Sales for the Period 2021- 2031
  • Historical Data and Forecast of United States (US) Elevator Motors Market Revenues & Volume By Indirect Sales for the Period 2021- 2031
  • United States (US) Elevator Motors Import Export Trade Statistics
  • Market Opportunity Assessment By Category
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Distribution Channel
  • United States (US) Elevator Motors Top Companies Market Share
  • United States (US) Elevator Motors Competitive Benchmarking By Technical and Operational Parameters
  • United States (US) Elevator Motors Company Profiles
  • United States (US) Elevator Motors Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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

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