In December 2025, MarketsandMarkets, a global authoritative industry research institution, officially released the 2025 Global Freight Elevator Industry Market Report, announcing the 2025 global top 10 countries by freight elevator market size. According to the report, the total size of the global freight elevator market reached 2.84 billion US dollars in 2025, a year-on-year increase of 6.8%, which is the core sub-sector in the field of special elevators. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 1.278 billion US dollars, accounting for 45.0% of the global total, a year-on-year increase of 8.2%, firmly ranking first in the world; 2. United States, with a market size of 426 million US dollars, accounting for 15.0% of the global total, a year-on-year increase of 6.3%; 3. Germany, with a market size of 284 million US dollars, accounting for 10.0% of the global total, a year-on-year increase of 5.9%; 4. Japan, with a market size of 227 million US dollars, accounting for 8.0% of the global total, a year-on-year increase of 5.7%; 5. South Korea, with a market size of 142 million US dollars, accounting for 5.0% of the global total, a year-on-year increase of 6.1%; 6. India, with a market size of 114 million US dollars, accounting for 4.0% of the global total, a year-on-year increase of 12.3%, ranking first among the top ten countries in the world in terms of growth rate; 7. Brazil, with a market size of 85 million US dollars, accounting for 3.0% of the global total, a year-on-year increase of 6.5%; 8. Russia, with a market size of 57 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 6.0%; 9. Australia, with a market size of 57 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 5.8%; 10. Italy, with a market size of 57 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 5.6%. The report also pointed out that the continuous advancement of global manufacturing, logistics and warehousing industry, industrial park construction, the growth of freight demand in industrial and commercial buildings, the increasing demand for the update and transformation of old freight elevators, and the continuous upgrading of heavy-duty elevator safety standards are the core driving forces for the growth of the freight elevator market. Heavy-duty freight elevators, explosion-proof freight elevators, car elevators, special freight elevators for cold storage, and intelligent freight elevators have become the core development direction of the industry. The global freight elevator market will still maintain an average annual growth rate of more than 6% in the next 5 years.