Overview of the Global Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

In 2023, the global market for elevators and conveyors other than pneumatic, belt- or bucket-type increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports

In 2023, global exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded notably to X units, with an increase of X% against the previous year's figure. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the global exports of reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2023. Over the period under review, total exports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The global exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

In 2023, China (X units), distantly followed by the United States (X units), Canada (X units), Germany (X units) and Mexico (X units) were the largest exporters of elevators and conveyors other than pneumatic, belt- or bucket-type, together comprising X% of total exports. South Korea (X units), South Africa (X units), Brazil (X units), Italy (X units), Singapore (X units), the Netherlands (X units), Austria (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Africa (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. Austria, the United States, Canada, the Netherlands, South Korea, Taiwan (Chinese), Brazil, Mexico, Singapore and South Africa lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced more modest paces of growth.

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports

After two years of growth, supplies from abroad of elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to X units in 2023. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global imports peaked at X units in 2022, and then contracted in the following year.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type rose slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, global imports of reached the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

The United States was the largest importing country with an import of about X units, which finished at X% of total imports. Canada (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%). Brazil (X units), India (X units), Australia (X units), Malaysia (X units), Germany (X units), Thailand (X units), Russia (X units) and Chile (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type imports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%), India (X%), Russia (X%), Chile (X%), Australia (X%), Canada (X%) and Mexico (X%) displayed positive paces of growth. By contrast, Germany (X%), Brazil (X%) and Thailand (X%) illustrated a downward trend over the same period. The United States (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the global imports, while Mexico, Canada, Brazil and Thailand saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported elevators and conveyors other than pneumatic, belt- or bucket-type worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

The average import price for elevators and conveyors other than pneumatic, belt- or bucket-type stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform