In December 2024, MarketsandMarkets, a global authoritative industry research institution, officially released the 2024 Global Core Elevator Components Industry Market Report, announcing the 2024 global top 10 countries by market size of core elevator components. According to the report, the total size of the global core elevator components market reached 16.8 billion US dollars in 2024, a year-on-year increase of 3.5%, maintaining a steady growth trend. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 8.57 billion US dollars, accounting for 51.0% of the global total, a year-on-year increase of 4.2%, firmly ranking first in the world; 2. Germany, with a market size of 1.85 billion US dollars, accounting for 11.0% of the global total, a year-on-year increase of 2.8%; 3. Japan, with a market size of 1.52 billion US dollars, accounting for 9.0% of the global total, a year-on-year increase of 2.5%; 4. United States, with a market size of 1.28 billion US dollars, accounting for 7.6% of the global total, a year-on-year increase of 3.1%; 5. Italy, with a market size of 870 million US dollars, accounting for 5.2% of the global total, a year-on-year increase of 2.9%; 6. South Korea, with a market size of 580 million US dollars, accounting for 3.5% of the global total, a year-on-year increase of 3.3%; 7. France, with a market size of 420 million US dollars, accounting for 2.5% of the global total, a year-on-year increase of 2.2%; 8. Switzerland, with a market size of 380 million US dollars, accounting for 2.3% of the global total, a year-on-year increase of 2.6%; 9. Spain, with a market size of 320 million US dollars, accounting for 1.9% of the global total, a year-on-year increase of 2.4%; 10. Finland, with a market size of 280 million US dollars, accounting for 1.7% of the global total, a year-on-year increase of 2.7%. The report also pointed out that the growth of the elevator core components market mainly comes from the demand for new elevator installation in emerging markets and the demand for global old elevator transformation. Traction machines, door operators, control systems and safety components are the four core component categories with the largest market size.