Dec 2025 MarketsandMarkets Global Elevator Core Components Report.

Size: 2025 $12.8B; 2030 $16.8B; CAGR 5.5%.

Countries: China 62% ($7.94B); Germany 11%; Japan 9%; Italy 5%; South Korea 4%; US 3%; India 1% (10.8% growth).

Products: Traction machines 28%, door operators 15%, controllers 12%, safety components 18%, guide rails 8%, others 19%.

Drivers: New installations, old replacement, safety standards, intelligent IoT, energy efficiency upgrades.