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Gearless Elevator Traction Motor Market By Types (Below 1000kg, 1000~2000kg, Above 2000kg) By Application (Mall, Office Building, Public Places, Other) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

About this report

The global gearless elevator traction motor market report explores the critical analysis of the gearless elevator traction motor industry using key parameters. The report consists of investment strategies, the need for investments in the gearless elevator traction motor industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the gearless elevator traction motor industry and how economic and non-economic barriers are helping the gearless elevator traction motor market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE	DETAILS
Gearless Elevator Traction Motor Market by Volume	Yes
Gearless Elevator Traction Motor Market by Value	Yes
Gearless Elevator Traction Motor Market, Tornado Analysis	Yes
Gearless Elevator Traction Motor Market, STAR Analysis	Yes
Gearless Elevator Traction Motor Market, SRC Analysis	Yes
Gearless Elevator Traction Motor Market, Import-Export Data	Yes (On Demand)
Gearless Elevator Traction Motor Market Pricing Analysis	Yes (On Demand)
Gearless Elevator Traction Motor Market Segment Analysis	By Type (Below 1000kg, 1000~2000kg, Above 2000kg) By Application (Mall, Office Building, Public Places, Other)
Gearless Elevator Traction Motor Market, Regional Analysis	North America (the US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)
Gearless Elevator Traction Motor Market Key Companies	Mitsubishi Electric, Ningbo Xinda Elevator Traction Technology, Imperial Electric, Xizi Forvorda, Otis, Suzhou Torin Drive Equipment Co. Ltd, Kone, Shenyang Bluelight, Kinetek, Hiwin, and Yaskawa
Gearless Elevator Traction Motor Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the Gearless Elevator Traction Motor Market?

In 2021, the above 2000kg types segment held the largest global market share due to the widespread use of these high-capacity gearless elevator traction motor types in public places, malls, and office buildings.
The office building segment led the market in terms of application in 2021 and is expected to continue during the projection period. Gearless elevator traction motors produce less noise, move, and stop more smoothly, and cause fewer vibrations in the cabin while moving, supporting their wider use in office buildings.

Which region dominated the gearless elevator traction motor market?

North American region dominated the global gearless elevator traction motor market in 2021 and is expected to maintain its dominance throughout the forecast period. Customized elevators are gaining popularity in the region as there is no necessity for the machine room at the gearless elevators. This is due to the increasing complexity of architectural design, lift-core layouts, and other factors. Stringent government norms and standards to reduce operational costs, replacing older elevators in buildings with modern gearless elevator traction machines, and advanced access control motor systems are some of the other factors driving smart gearless elevator traction motor penetration in the region. In addition, advanced gearless elevator technology allows passengers to move efficiently, especially during heavy traffic hours in the region. For example, in August 2020, KONE company launched a new series of KONE DX Class elevators with integrated digital connectivity and antibacterial surfaces, ideal for smart buildings.

How is US Market Performing in the Gearless Elevator Traction Motor Market?

The market for gearless elevator traction motors in the United States is expected to expand significantly during the forecast period. Due to industrialization and increased consumer spending brought on by rising disposable income, the government is heavily investing in the nation’s skyscraper projects and high-rise eco-friendly building industry. A further factor driving the market in the United States is the shift in consumer preferences toward adopting safety systems, flexible elevator design, and eco-efficient solutions. The rise of technologically advanced and intelligent buildings is reshaping the gearless elevator market and ushering in a new era of advancement in the elevator traction motor industry.

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What is the competitive environment of the gearless elevator traction motor market?

The market for gearless elevator traction motors is booming with technological advancements. There is still room for technological and energy-efficiency improvements even though gearless elevator traction motors have been in use for a long time. The gearless elevator traction motor market is seeing increased demand for cutting-edge technology like axial flux. In general, these axial flux motors outperform radial motors in terms of torque per unit of motor volume. Major gearless elevator traction motor manufacturers are concentrating on offering cutting-edge gearless elevator traction motors to improve their market position. For instance, Otis introduced its newly developed Smart Gen3 elevator in June 2021, expanding its gearless traction elevator product portfolio. Otis will target prominent Chinese construction vendors looking to purchase elevators for new infrastructure projects. The company has strategically concentrated on this market due to China’s growing propensity for green development in the construction industry. The product will also function with the help of cloud-based loT technology and be user-friendly for elevator passengers.

Executive Summary

What are all the technical developments in the gearless elevator traction motor market?

Technology is becoming increasingly popular in the gearless elevator traction motors market. Although gearless elevator traction motors have been used for many years, there is still room for technological and energy efficiency advancements. For instance, ZIEHL-elevator ABEGG’s technology comes with significant advantages owing to the precise configuration of their gearless elevator traction motors to meet the manufacturer’s requirements. Gearless elevator traction motor technology converts old elevators into high-performance, energy-efficient, and convenient units with low tonal noise generation. In addition, this transformation is frequently accomplished with many intelligent gearless elevator drives, control innovations, and machine frame upgrades. ZIEHL-ABEGG provides a wide range of perfectly matched components for this use that are flexible in their application and tailored to the customer’s unique needs. ZIEHL-ABEGG provides reliable, optimally coordinated control technology, gearless elevator machines, and motors. This includes the frequency inverter designed specifically for gearless elevator technology, the ZAdyn4C.

Which are the key investments by the gearless elevator traction motor market players?

Many nations continuously invest in sustainable motor technologies to combat rising carbon emissions that enhance the gearless elevator traction motor market. Innovative technology, like axial flux, is increasingly in demand for gearless elevator traction motors. These axial flux motors generally perform better than radial motors in terms of torque per unit of motor volume. Key gearless elevator traction motor producers are spending money on research and development to provide cutting-edge gearless elevator traction motors to strengthen their position in the market. For instance, ABB received a gearless traction equipment contract worth more than USD 140 million from rolling stock producer Stadler in July 2019. ABB will provide cutting-edge technology for trains and locomotives deployed in the United States and throughout Europe.

Some major players in the gearless elevator traction motor market are Mitsubishi Electric, Ningbo Xinda Elevator Traction Technology, Imperial Electric, Xizi Forvorda, Otis, Suzhou Torin Drive Equipment Co. Ltd, Kone, Shenyang Bluelight, Kinetek, Hiwin, and Yaskawa.

What are the Major Driving Factors for the Gearless Elevator Traction Motor Market?

The increase in commercial building infrastructure projects such as offices, malls, and shopping complexes will help drive the growth of the gearless elevator traction motor market. Another factor that will increase the adoption of traction elevators and thus influence market growth is the growing demand for energy consumption in high-rise buildings. Gearless traction motors are critical components in hybrid and full-service elevators for converting electrical energy to mechanical energy. Elevators use gearless traction motors for initial propulsion and to provide rotational torque to the elevator. Hybrid technology advancements have resulted in a significant increase in demand for gearless traction motors. Due to their compact size and lighter weight than induction motors, gearless traction motors, such as permanent magnet synch motors, are frequently used in elevators. Gearless elevator traction motor market expansion is anticipated to be fueled by rising demand for high-performance gearless elevator motors, supportive government policies and subsidies, and investments in the infrastructure development industry.

What are the Major Risks for the Gearless Elevator Traction Motor Market?

The high gearless elevator traction motors cost may constrain the industry’s growth. Setting up field-level motor devices and equipment with the most recent technologies requires a sizable initial investment. An additional cost is also required for establishing advanced infrastructure for arranging transmission networks and managing new and existing systems. The high maintenance and operational costs after deployment are also a major concern for public places system authorities.

Which is the key application in the gearless elevator traction motor market?

The office building application segment is anticipated to grow the fastest during the forecast period. Gearless elevator traction motors are more widely used in office buildings as they are quieter, stop and move more smoothly, and cause fewer vibrations in the cabin while moving. Gearless traction elevators have another benefit over geared elevators in terms of comfort while decelerating, accelerating, and moving. Moreover, gearless traction elevators can level with floors, making them ideal for a high-tech office building. Geared traction elevator motors have a top speed of 152 meters per minute and a maximum height of 75 meters. In comparison, gearless elevator traction motors have a top speed of 610 meters per minute and a maximum travel distance of 600 meters. However, both geared and gearless lifts have nearly the same load capacity, sufficient for passenger travel in modern office buildings.

How is the gearless elevator traction motor market performing in regions?

North America has a dominant market position due to the modernization of traditional building structures and the expansion of intelligent building concepts. Moreover, the growing development of domestic high-rise buildings, office buildings, and residential areas may impact the market. For instance, Fujitec America Inc contributed to the Smith Street gearless traction elevator modernization project in Houston and installed a double-deck elevator in the Bank of America Plaza in Dallas. Similarly, Otis completed the modernization of Chicago’s Willis Tower in May 2018. A further factor in the growth of the gearless elevator traction motor market is the presence of significant manufacturers in the region.

Moreover, the Asia Pacific market is anticipated to hold the largest revenue share in the global gearless elevator traction motor market during the forecast period. This is primarily due to increased regional commercial building infrastructure projects, growing governmental concerns about reducing energy consumption, and huge investments in implementing green buildings and smart cities. Besides, major manufacturers are targeting the regional aviation industry to gain traction in the gearless elevator traction motor market. For instance, ThyssenKrupp Elevator announced its plans to equip 20 airports in India in July 2020. The company recently awarded two major airport projects: the Pune International Airport Expansions Project and the LGBI (Guwahati Airport Project).

What is the regulatory landscape for the gearless elevator traction motor market?

Climate change and the desire to achieve net-zero emissions are driving the global shift to zero-emission traction motoring. The development of gearless elevator traction motors, as well as government intervention in the adoption and implementation of these motors, promote sustainable motoring techniques. These factors boosted demand for gearless traction motors, which offer elevators clean and easy handling, speed control, and high-power propulsion for a safe and reliable drive while lowering carbon emissions.

What is the Market Size of the Gearless Elevator Traction Motor value?

The global gearless elevator traction motor market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global gearless elevator traction motor industry is estimated to be worth USD XX million in 2021 and is expected to be worth USD XX million by 2028.

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What are the major players planning for the future of the gearless elevator traction motor market?

Elevators have become so common that they are no longer regarded as one of modern technology’s most advanced innovations. Many manufacturers have created specialized elevators with unique designs and gearless motoring technologies, resulting in the best lifts and elevators. They can also build almost maintenance-free systems, and the number of breakdowns has decreased dramatically. Due to global trends and high energy-efficiency characterization over the conventional, orthodox system, gearless traction motors for home elevators can benefit significantly from customization. Major players prioritize multiple safety metrics, and gearless elevator traction motor technology is used to exit the system during a breakdown easily. As a result, passengers are assured of the highest level of security, bolstering the future market growth. Moreover, leading manufacturers actively enhance their market positions by working with other major players to select cutting-edge technologies for gearless elevator traction motors. For example, Advent and Cinven acquired ThyssenKrupp’s gearless traction elevator technology business segment in July 2020 to strengthen its market position and capitalize on structural trends such as industrialization and improved urban mobility across Asia Pacific, North America, and Europe.

Segmentation of Global Gearless Elevator Traction Motor Market –

Global Gearless Elevator Traction Motor Market – By Types

Below 1000kg
1000~2000kg
Above 2000kg

Global Gearless Elevator Traction Motor Market – By Application

Mall
Office Building
Public Places
Other

Global Gearless Elevator Traction Motor Market – By Region

North America
- US
- Canada
Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Gearless Elevator Traction Motor Market
2.2. Global Gearless Elevator Traction Motor Market, By Types
2.3. Global Gearless Elevator Traction Motor Market, By Application
2.4. Global Gearless Elevator Traction Motor Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Gearless Elevator Traction Motor Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Types
3.3.2. Application
3.3.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend
5. Market Positioning of Key Players, 2021
5.1. Company Market Share of Key Players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID-19 Impact Analysis
6.1. Global Gearless Elevator Traction Motor Market Pre Vs Post COVID-19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Gearless Elevator Traction Motor Market
7.1. Global Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Gearless Elevator Traction Motor Market, By Types, 2021 vs 2028 (in%)
7.1.3. Global Gearless Elevator Traction Motor Market, By Below 1000kg, 2016-2028 (US$ Bn)
7.1.4. Global Gearless Elevator Traction Motor Market, By 1000~2000kg, 2016-2028 (US$ Bn)
7.1.5. Global Gearless Elevator Traction Motor Market, By Above 2000kg, 2016-2028 (US$ Bn)
7.2. Global Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Gearless Elevator Traction Motor Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Gearless Elevator Traction Motor Market, By Mall, 2016-2028 (US$ Bn)
7.2.4. Global Gearless Elevator Traction Motor Market, By Office Building, 2016-2028 (US$ Bn)
7.2.5. Global Gearless Elevator Traction Motor Market, By Public Places, 2016-2028 (US$ Bn)
7.2.6. Global Gearless Elevator Traction Motor Market, By Other, 2016-2028 (US$ Bn)

8. North America Gearless Elevator Traction Motor Market Analysis
8.1. North America Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.1.2. U.S. Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
8.3.1.3. U.S. Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.2.2. Canada Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
8.3.2.3. Canada Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)

9. Europe Gearless Elevator Traction Motor Market Analysis
9.1. Europe Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.1.2. Germany Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.1.3. Germany Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
9.3.2. France
9.3.2.1. France Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.2.2. France Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.2.3. France Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.3.2. UK Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.3.3. UK Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.4.2. Italy Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.4.3. Italy Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.5.2. Spain Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.5.3. Spain Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.6.2. Rest of Europe Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
9.3.6.3. Rest of Europe Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)

10. Asia Pacific Gearless Elevator Traction Motor Market Analysis
10.1. Asia Pacific Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
10.3.1. China
10.3.1.1. China Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.1.2. China Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.1.3. China Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.2.2. Japan Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.2.3. Japan Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
10.3.3. India
10.3.3.1. India Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.3.2. India Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.3.3. India Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.4.2. South Korea Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.4.3. South Korea Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.5.2. South-East Asia Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.5.3. South-East Asia Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)

11.1. Latin America Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.1.2. Brazil Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
11.3.1.3. Brazil Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.2.2. Mexico Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
11.3.2.3. Mexico Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.3.2. Rest of Latin America Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
11.3.3.3. Rest of Latin America Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)

12. Middle East and Africa Gearless Elevator Traction Motor Market Analysis
12.1. Middle East and Africa Gearless Elevator Traction Motor Market, by Types, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Gearless Elevator Traction Motor Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.1.2. GCC Countries Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
12.3.1.3. GCC Countries Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.2.2. South Africa Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
12.3.2.3. South Africa Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Gearless Elevator Traction Motor Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Gearless Elevator Traction Motor, By Types, 2016-2028 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Gearless Elevator Traction Motor, By Application, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Mitsubishi Electric
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Ningbo Xinda Elevator Traction Technology
13.3. Imperial Electric
13.4. Xizi Forvorda
13.5. Otis
13.6. Suzhou Torin Drive Equipment Co. Ltd
13.7. Kone
13.8. Shenyang Bluelight
13.9. Kinetek
13.10. Hiwin
13.11. Yaskawa

List of Figures

FIG. 1 Global Gearless Elevator Traction Motor Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Gearless Elevator Traction Motor Market Segmentation
FIG. 4 Global Gearless Elevator Traction Motor Market, by Types, 2021 (US$ Bn)
FIG. 5 Global Gearless Elevator Traction Motor Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Gearless Elevator Traction Motor Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Types, 2021
FIG. 8 Attractive Investment Proposition, by Application, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Gearless Elevator Traction Motor Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Gearless Elevator Traction Motor Market Manufacturers, 2021
FIG. 12 Global Gearless Elevator Traction Motor Market Value Contribution, By Types, 2021 & 2028 (Value %)
FIG. 13 Global Gearless Elevator Traction Motor Market, by Below 1000kg, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Gearless Elevator Traction Motor Market, by 1000~2000kg, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Gearless Elevator Traction Motor Market, by Above 2000kg, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Gearless Elevator Traction Motor Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 17 Global Gearless Elevator Traction Motor Market, by Mall, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Gearless Elevator Traction Motor Market, by Office Building, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Gearless Elevator Traction Motor Market, by Public Places, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Gearless Elevator Traction Motor Market, by Other, Value, 2016-2028 (US$ Bn)
FIG. 21 U.S. Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 22 Canada Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 23 Germany Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 24 France Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 25 U.K. Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 26 Italy Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 27 Spain Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 28 Rest of Europe Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 29 China Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 30 Japan Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 31 India Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 32 South Korea Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 33 Southeast Asia Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 34 Rest of Asia Pacific Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 35 Latin America Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 36 Brazil Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 37 Mexico Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 38 Rest of Latin America Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 39 Middle East & Africa Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 40 GCC Countries Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 41 South Africa Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)
FIG. 42 Rest of Middle East and Africa Gearless Elevator Traction Motor Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Gearless Elevator Traction Motor Market
TABLE 2 Global Gearless Elevator Traction Motor Market, by Competitive Benchmarking, 2021
TABLE 3 Global Gearless Elevator Traction Motor Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Gearless Elevator Traction Motor Market, by Key Strategies Analysis, 2021
TABLE 5 Global Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 6 Global Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Global Gearless Elevator Traction Motor Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 9 North America Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
TABLE 11 US Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 12 US Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Canada Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 14 Canada Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Europe Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 16 Europe Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 17 Europe Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Germany Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 19 Germany Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 20 France Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 21 France Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 UK Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 23 UK Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Italy Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 25 Italy Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Spain Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 27 Spain Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 28 Rest of Europe Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 29 Rest of Europe Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 30 Asia Pacific Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 31 Asia Pacific Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 32 Asia Pacific Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
TABLE 33 China Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 34 China Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 35 Japan Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 36 Japan Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 37 India Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 38 India Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 39 South Korea Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 40 South Korea Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 41 South East Asia Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 42 South East Asia Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 43 Rest of Asia Pacific Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 44 Rest of Asia Pacific Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 45 Latin America Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 46 Latin America Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 47 Latin America Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
TABLE 48 Brazil Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 49 Brazil Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 50 Mexico Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 51 Mexico Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 52 Rest of Latin America Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 53 Rest of Latin America Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 54 Middle East and Africa Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 55 Middle East and Africa Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 56 Middle East and Africa Gearless Elevator Traction Motor Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 GCC Countries Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 58 GCC Countries Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 59 South Africa Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 60 South Africa Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Gearless Elevator Traction Motor Market, by Types, 2016-2028 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Gearless Elevator Traction Motor Market, by Application, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 impact the global gearless elevator traction motor market?

The global gearless elevator traction motor market also suffered from the COVID-19 pandemic, which resulted in a decline of over XX% in revenue generated in 2020.

Which is the leading region of the market for gearless elevator traction motors?

North America accounted for the most heightened share in the global gearless elevator traction motor market.

What are the key drivers for the growth of the gearless elevator traction motor market?

The rise in commercial building infrastructure projects such as offices, malls, and shopping malls will contribute to the expansion of the gearless elevator traction motor market. The rising demand for energy consumption in high-rise buildings will also drive the adoption of traction elevators and thus influence market growth.

Which is the major gearless elevator traction motor market segment by type?

The above 2000kg segment had a major share in the global market in 2021.

Which is the major application segment in the gearless elevator traction motor market?

The office building segment had a major share in the global market.

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