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China Elevator Ropes Market Outlook

China elevator ropes market was valued at US$ 202.2 million in 2022 and it is likely to touch a valuation of US$ 206.4 million in 2023. Furthermore, with the rapid expansion of the building and construction industry, the overall sales of elevator ropes in China are projected to expand at a CAGR of 4.5% between 2023 and 2033, totaling around US$ 320.5 million by 2033.

Demand for elevator ropes is increasing as a result of exponential growth in building and construction operations across China along with the rapid surge in high-rise buildings.

In recent years, there has been a dramatic rise in the construction of residential and commercial buildings across China due to the population explosion, economic boom, and rapid urbanization. This is anticipated to significantly increase demand for elevators and their ropes in the years to come.

Emerging trends reveal that in order to leverage the future sales of elevator ropes, companies are substituting PU coated steel belts for light-weight, lubricant-free steel wire ropes in elevators to further minimize energy consumption. Hence, energy efficiency and reduction in operating costs have become key trend. As a result, industry participants are increasing their business.

The growing population and rising infrastructure development in Mainland China are anticipated to create more demand for elevators, which optimistically impact elevator ropes sales. Hence, Mainland China is anticipated to hold more than 90% share of China elevator ropes market and is projected to create an absolute opportunity worth US$ 110.4 Mn during the forecast period.

As infrastructure spending rises, it is projected that the elevator rope sector will likely grow steadily across China. Expanding government initiatives to build urban infrastructure, highways, dams, airports, and other amenities are anticipated to fuel the growth of the elevator rope market.

The Chinese government remains focused on achieving its growth goal. More than US$ 2 trillion in investments are anticipated for Mainland China alone in 2022. A solid foundation for investment is provided by lending quickly to manufacturing firms and infrastructure projects, according to China's top banking regulator.

Leading companies and research institutes are investing vigorously in R&D to develop innovative materials that can be used to make strong and highly efficient elevator ropes. For instance, in 2018, a research team from Tsinghua University in Beijing developed a fiber that they claim is so strong that it could be used to build an elevator to space.

The China elevator ropes market forms around 13 to 17% of its parent market which is the global elevator ropes market.

Attributes Details
China Elevator Ropes Market CAGR (2023 to 2033) 4.5%
China Elevator Ropes Market Size (2023) US$ 206.4 million
China Elevator Ropes Market Size (2033) US$ 320.5 million

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What are the Key Trends Driving the China Elevator Ropes Market?

Over 170,000 elderly communities are spread out over China, according to the Ministry of Housing and Rural-Urban Development. To make life better for more than 42 million families in 2017, almost 5 million elevators were needed. In 2018, alone, more than 10,000 elevator installations were finished, while another 11,000 elevators were either being constructed or waiting for clearance.

According to a white paper published recently by the State Council Information Office, China also renovated about 3 million homes for the families of disabled persons in 2017.

The World Health Organization (WHO) estimates that there were 176 million seniors aged 65 and over and 254 million adults aged 60 and over in 2019. An estimated 402 million people (28% of the world's population) will live there by 2040. This rapid rise in the geriatric population continues to encourage the adoption of elevators, thereby providing a strong thrust to the growth of China’s elevator ropes market.

What is the Key Challenge Faced by Elevator Ropes Market Participants?

The disturbance in the nation's economy and the building sector has an impact on the market for elevator ropes. The need for the same is mostly driven by construction projects, both residential and non-residential. Numerous macroeconomic factors, such as the level of employment, business activity, consumer confidence, disposable income, and interest rates in the country, are directly impacted by a slowdown in the economy. This can negatively impact the degree of investment in the construction industry and, as a result, the growth of the elevator rope market.

In addition to this, the novel design of rope-less elevators is also one of the challenging factors for market growth. These rope-less elevators consist of several magnetized cabins that move up and down and sideways on an electromagnetic track within the same shaft.

Although this product is still in its early stages and takes some time to reach the market and gain consumer acceptance, the elevator rope market suffers as a result of its widespread use.

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Sales Analysis of Elevator Ropes from 2018 to 2022 Vs Market Projections for 2023 to 2033

From 2018 to 2022, the elevator ropes market in China witnessed a moderate growth rate of 2.1% CAGR. However, with increasing urbanization supported by the growth of residential buildings, industries, commercial spaces, and more, demand for elevator ropes is anticipated to grow at a CAGR of 4.5% between 2023 and 2033.

Elevator ropes play a key role in the movement of elevators. These wires help elevators to move from one place to another with ease. They ensure the safety of both elevators and passengers. As a result, special focus is being laid on making these ropes.

As new elevator projects are increasing, a tremendous rise in the modernization of old elevators can also be witnessed, and is one of the prominent sources of revenue for big players in the elevator rope market.

Many manufacturers are providing modernization options with better technologies and new elevator ropes, and components, ensuring safety and comfort in operation with considerable improvement in lifespan as buying a new elevator is not always feasible resulting in a significant increase in sales of elevator ropes.

The carbon fiber elevator rope is highly advantageous in the case of building sway which is a phenomenon that occurs when powerful winds pass by a tall building, creating a low-pressure area behind it that causes the building to tremble somewhat. The resonance frequencies of this carbon fiber elevator rope are substantially different from those of the bulk of construction materials, such as steel and concrete.

Additionally, because this rope has smaller moving masses and can reduce deadweight while being hauled up or down, it is extremely energy-efficient. Skyscrapers benefit greatly from this kind of elevator rope, especially while swaying.

Significant opportunities are generated for elevator rope manufacturers amid increasing regulations and concerns about building health and growing demand for fast speed elevators during the forecast period.

Comparative View of the Market

China Elevator Ropes Market:

Attributes China Elevator Ropes Market
CAGR (2023 to 2033) 4.5%
Market Value (2033) US$ 320.5 million
Growth Factor Increasing urbanization
Opportunity Rapid surge in the geriatric population
Trends Emerging new designs

Smart Elevator Automation System Market:

Attributes Smart Elevator Automation System Market
CAGR (2023 to 2033) 9.2%
Market Value (2033) US$ 69,770.10 million
Growth Factor Integration of AI Technology
Opportunity New government schemes
Trends Construction of green buildings

Elevator and Escalator Market:

Attributes Elevator and Escalator Market
CAGR (2023 to 2033) 5.3%
Market Value (2033) US$ 145,560.93 million
Growth Factor Need for establish high safety and security measures
Opportunity Expansion of futuristic technology
Trends Surging trend to modernize infrastructure

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Regional Analysis

How Growth Unfolds in Mainland China Elevator Ropes Market?

Rapid Expansion of Residential, Commercial, and Industrial Sectors Pushing Demand in Mainland China

Mainland China is expected to emerge as a key region in the elevator ropes market owing to the ongoing and upcoming infrastructure projects in the region. As per FMI, the elevator ropes market in Mainland China is estimated to expand with a CAGR of 4.5% throughout the forecast period.

The companies in the target region are planning to grow vertical integration to counter raw material price volatility. It is anticipated to create an absolute dollar opportunity worth US$ 110.4 million through the forecast period.

Residential, commercial, and industrial spaces are expanding at a robust pace in Mainland China due to rapid urbanization and population growth. As a result of increased demand for a fixed space in urban locations brought on by amenities, employment, education, and commercial prospects, the height of urban buildings has been rising.

Consequently, it is projected that the elevator rope sector is likely to grow as a result of growing infrastructure spending. Increasing government initiatives to build urban infrastructure, highways, dams, airports, and other amenities are anticipated to fuel the elevator rope market.

What is the Outlook for Elevator Ropes Market in Hong Kong?

Rise in Number of Skyscrapers Propelling Sales of Elevators and Elevators Ropes in Hong Kong.

Hong Kong is home to an astonishingly high number of skyscrapers worldwide. Advancements in construction techniques and technology have enabled architects to build structures like skyscrapers with ease. As these structures require elevators for the movement of workers and other people, demand for elevator rope grew at a steady pace across Hong Kong during the forecast period.

The average number of floors in residential and commercial areas has been steadily rising over the past decade or so, according to the CBRE Global Living Report of 2019. As the elevators and elevator ropes are both vital parts of buildings, demand for both increases as skyscrapers, particularly in Hong Kong, continue to rise. This helps the elevator rope market expand. Thanks to these aforementioned factors Hong Kong accounts for more than 3% market share on a value basis in the China elevator ropes market.

Category Analysis

Which are the Leading Segments in the China Elevator Ropes Industry?

Segment Core Type
Top-segment Fiber Core
Market Share (2023) 60.7%
Segment Functionality
Top-segment Traction/Hoist
Market Share (2023) 49.2%

Which Core Type Has the Most Potential for Growth in the Elevator Ropes Market?

By Core Type, the Fiber core (FC) segment is likely to continue to dominate the market throughout the forecast period, accounting for more than 50% of value share by 2033.

The fiber core type is much more elastic under load as such it has a greater energy absorption capability but is even less crush resistant than independent wire rope core (IWRC) which has led to significant growth in the Elevator Ropes market.

Which Elevator Type Contributes Most to the China Elevator Ropes Market?

Based on elevator type, the machine room (MR) elevator segment is expected to dominate China’s elevator ropes market during the forecast period. FMI predicts the machine room (MR) elevator segment to grow at a CAGR of 4.4% between 2023 and 2033, creating an absolute dollar opportunity worth US$ 48.7 million.

When operating, the machine room elevator makes less noise and vibration, which improves the quality and comfort of the ride. This is particularly noticeable at higher speeds. It is economical and versatile which is why machine room elevators are advised as compared to other types.

Competitive Landscape

Key players in the market are focusing on developing novel production technologies to reduce environmental impact and comply with stringent regulatory standards. Besides this, they are adopting strategies such as new product launches, establishment of new manufacturing facilities, mergers, acquisitions, and partnerships to gain a competitive edge in the market. For instance,

  • In 2019, Brugg Lifting opened a new competence center for the next generation of elevator ropes.

Tianjin Goldspun, BRUGG Lifting, and KISWIRE: Powering the Modern-day Elevators through Sturdy Ropes

Modern-day skyscrapers require elevators that function smoothly 24x7. Various components ensure that these lifts continue to work smoothly. Among these components, elevator ropes are of critical importance as they have to withstand high loads. From a safety perspective, elevator ropes are highly important as any malfunction can lead to injuries and even fatalities. Keeping these important points in mind, Tianjin Goldsun Wire Rope Limited is focusing on building elevator ropes with sturdy materials.

Tianjin Goldsun Wire Rope Limited is a joint venture between Golik Holdings Limited and Tianjin Metallurgy Group Co. The company has the capacity of producing 40,000 tons of specialized wire ropes. The company has a strong commitment to meeting all important safety parameters, especially those compiled by OTIS. The company is also compliant with ISO9001:2000 guidelines.

Tianjin Goldsun Wire Rope Limited is also strengthening its distribution network in China by partnering with relevant stakeholders. To boost confidence among end-users, the company is organizing consumer satisfaction surveys and knowing what end-users think about it. For instance, the company has been a consistent winner of the Top 10 enterprise brand satisfaction surveys.

The core of Gold Sun's top-tier R&D, design, and manufacturing skills is its customized services and solutions for its clients, starting with application selection and continuing through installation and maintenance.

BRUGG Lifting has become a leader in elevator rope technology that uses cutting-edge technology and collaborative innovation to manufacture elevator ropes that are built for speed, safety, and efficiency.

BRUGG Lifting’s solutions offer safety and security in some of the tallest elevators in China. The company offers customized solutions for different types of requirements of end-users. For instance, the company has an impressive product range and offers three different types of ropes including traction ropes, compensation ropes, and governor ropes.

The company also educates its end-users about the type of ropes that are ideal for various elevators. Like other leading elevator rope players, BRUGG Lifting is also compliant with various guidelines and certifications such as ISO Certificate for EN, DE, and FR.

Another leading manufacturer and supplier of elevator ropes are KISWIRE Co. Ltd. Headquartered in Busan, South Korea, the company offers a wide range of wires such as oil tempered wire, bridge cables, hose wire, superconductive wire, and ultra-low temperature vessels.

The company is investing in strengthening its distribution network while being compliant with various guidelines and certifications. Some of the certifications that the company has got are ISO14001, ISO14001, and Hongduk Industrial ISO14001.

Key Players

  • Tianjin Goldsun Wire Rope Ltd
  • Jiangsu Taili Steel Wire Rope Co., LTD
  • Brugg Lifting
  • KISWIRE Ltd.
  • Tianjin Huayuan Metal Wire Products Co. Ltd
  • Jiangsu Shenwang Group Co., Ltd.
  • Pfeifer Steel Wire Rope (Shanghai) Co. Ltd.
  • Usha Siam
  • TOKYO ROPE MFG. CO., LTD.
  • Gustav Wolf GmbH
  • Wuxi Chengming Wire Rope Products Co., Ltd.
  • Shandong Xingying Environmental Energy Technology Co. LTD

Key Segments

By Core Type:

  • Fiber core (FC)
  • Independent wire rope core (IWRC)

By Functionality:

  • Traction
  • Governor
  • Compensation

By Elevator Type:

  • Machine room (MR) elevator
  • Machine room-less (MRL) elevator
  • Hydraulic elevator

By Region:

  • Mainland China
  • Hong Kong

Frequently Asked Questions

Which Industry is the Key Consumer of China Elevator Ropes?

Construction industries is the key consumer of elevator ropes market in China.

How Much can China Elevator Ropes Market Grow by 2033 in Core Type?

Fiber core is poised to stay attractive, projecting a significant CAGR by 2033.

What is the Current Market Valuation?

The market is estimated to secure a valuation of US$ 83,124 million in 2023.

How Big Will the China Elevator Ropes Market by 2033?

The market is estimated to reach US$ 206.4 million by 2033.

Which End-use Industry Holds Lucrative Opportunities?

The residential sector holds high revenue potential.

Table of Content

1. Executive Summary

    1.1. China Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Country

    3.10. Country Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Core Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Core Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Core Type, 2023 to 2033

        5.3.1. Fiber core (FC)

        5.3.2. Independent wire rope core (IWRC)

    5.4. Y-o-Y Growth Trend Analysis By Core Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Core Type, 2023 to 2033

6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Functionality

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Functionality, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Functionality, 2023 to 2033

        6.3.1. Traction

        6.3.2. Governor

        6.3.3. Compensation

    6.4. Y-o-Y Growth Trend Analysis By Functionality, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Functionality, 2023 to 2033

7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Elevator Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Elevator Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Elevator Type, 2023 to 2033

        7.3.1. Machine room (MR) elevator

        7.3.2. Machine room-less (MRL) elevator

        7.3.3. Hydraulic elevator

    7.4. Y-o-Y Growth Trend Analysis By Elevator Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Elevator Type, 2023 to 2033

8. Market Analysis

    8.1. China

        8.1.1. Pricing Analysis

        8.1.2. Market Share Analysis, 2022

            8.1.2.1. By Core Type

            8.1.2.2. By Functionality

            8.1.2.3. By Elevator Type

9. Market Structure Analysis

    9.1. Competition Dashboard

    9.2. Competition Benchmarking

    9.3. Market Share Analysis of Top Players

        9.3.1. By Country

        9.3.2. By Core Type

        9.3.3. By Functionality

        9.3.4. By Elevator Type

10. Competition Analysis

    10.1. Competition Deep Dive

        10.1.1. Tianjin Goldsun Wire Rope Ltd

            10.1.1.1. Overview

            10.1.1.2. Product Portfolio

            10.1.1.3. Profitability by Market Segments

            10.1.1.4. Sales Footprint

            10.1.1.5. Strategy Overview

                10.1.1.5.1. Marketing Strategy

                10.1.1.5.2. Product Strategy

                10.1.1.5.3. Channel Strategy

        10.1.2. Jiangsu Taili Steel Wire Rope Co., LTD

            10.1.2.1. Overview

            10.1.2.2. Product Portfolio

            10.1.2.3. Profitability by Market Segments

            10.1.2.4. Sales Footprint

            10.1.2.5. Strategy Overview

                10.1.2.5.1. Marketing Strategy

                10.1.2.5.2. Product Strategy

                10.1.2.5.3. Channel Strategy

        10.1.3. Brugg Lifting

            10.1.3.1. Overview

            10.1.3.2. Product Portfolio

            10.1.3.3. Profitability by Market Segments

            10.1.3.4. Sales Footprint

            10.1.3.5. Strategy Overview

                10.1.3.5.1. Marketing Strategy

                10.1.3.5.2. Product Strategy

                10.1.3.5.3. Channel Strategy

        10.1.4. KISWIRE Ltd.

            10.1.4.1. Overview

            10.1.4.2. Product Portfolio

            10.1.4.3. Profitability by Market Segments

            10.1.4.4. Sales Footprint

            10.1.4.5. Strategy Overview

                10.1.4.5.1. Marketing Strategy

                10.1.4.5.2. Product Strategy

                10.1.4.5.3. Channel Strategy

        10.1.5. Tianjin Huayuan Metal Wire Products Co. Ltd

            10.1.5.1. Overview

            10.1.5.2. Product Portfolio

            10.1.5.3. Profitability by Market Segments

            10.1.5.4. Sales Footprint

            10.1.5.5. Strategy Overview

                10.1.5.5.1. Marketing Strategy

                10.1.5.5.2. Product Strategy

                10.1.5.5.3. Channel Strategy

        10.1.6. Jiangsu Shenwang Group Co., Ltd.

            10.1.6.1. Overview

            10.1.6.2. Product Portfolio

            10.1.6.3. Profitability by Market Segments

            10.1.6.4. Sales Footprint

            10.1.6.5. Strategy Overview

                10.1.6.5.1. Marketing Strategy

                10.1.6.5.2. Product Strategy

                10.1.6.5.3. Channel Strategy

        10.1.7. Pfeifer Steel Wire Rope (Shanghai) Co. Ltd.

            10.1.7.1. Overview

            10.1.7.2. Product Portfolio

            10.1.7.3. Profitability by Market Segments

            10.1.7.4. Sales Footprint

            10.1.7.5. Strategy Overview

                10.1.7.5.1. Marketing Strategy

                10.1.7.5.2. Product Strategy

                10.1.7.5.3. Channel Strategy

        10.1.8. Usha Siam

            10.1.8.1. Overview

            10.1.8.2. Product Portfolio

            10.1.8.3. Profitability by Market Segments

            10.1.8.4. Sales Footprint

            10.1.8.5. Strategy Overview

                10.1.8.5.1. Marketing Strategy

                10.1.8.5.2. Product Strategy

                10.1.8.5.3. Channel Strategy

        10.1.9. TOKYO ROPE MFG. CO., LTD.

            10.1.9.1. Overview

            10.1.9.2. Product Portfolio

            10.1.9.3. Profitability by Market Segments

            10.1.9.4. Sales Footprint

            10.1.9.5. Strategy Overview

                10.1.9.5.1. Marketing Strategy

                10.1.9.5.2. Product Strategy

                10.1.9.5.3. Channel Strategy

        10.1.10. Gustav Wolf GmbH

            10.1.10.1. Overview

            10.1.10.2. Product Portfolio

            10.1.10.3. Profitability by Market Segments

            10.1.10.4. Sales Footprint

            10.1.10.5. Strategy Overview

                10.1.10.5.1. Marketing Strategy

                10.1.10.5.2. Product Strategy

                10.1.10.5.3. Channel Strategy

        10.1.11. Wuxi Chengming Wire Rope Products Co., Ltd.

            10.1.11.1. Overview

            10.1.11.2. Product Portfolio

            10.1.11.3. Profitability by Market Segments

            10.1.11.4. Sales Footprint

            10.1.11.5. Strategy Overview

                10.1.11.5.1. Marketing Strategy

                10.1.11.5.2. Product Strategy

                10.1.11.5.3. Channel Strategy

        10.1.12. Shandong Xingying Environmental Energy Technology Co. LTD

            10.1.12.1. Overview

            10.1.12.2. Product Portfolio

            10.1.12.3. Profitability by Market Segments

            10.1.12.4. Sales Footprint

            10.1.12.5. Strategy Overview

                10.1.12.5.1. Marketing Strategy

                10.1.12.5.2. Product Strategy

                10.1.12.5.3. Channel Strategy

11. Assumptions & Acronyms Used

12. Research Methodology

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List of Tables

Table 1: Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 2: Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 3: Market Value (US$ Million) Forecast by Core Type, 2018 to 2033

Table 4: Market Volume (Tons) Forecast by Core Type, 2018 to 2033

Table 5: Market Value (US$ Million) Forecast by Functionality, 2018 to 2033

Table 6: Market Volume (Tons) Forecast by Functionality, 2018 to 2033

Table 7: Market Value (US$ Million) Forecast by Elevator Type, 2018 to 2033

Table 8: Market Volume (Tons) Forecast by Elevator Type, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 1: Market Value (US$ Million) by Core Type, 2023 to 2033

Figure 2: Market Value (US$ Million) by Functionality, 2023 to 2033

Figure 3: Market Value (US$ Million) by Elevator Type, 2023 to 2033

Figure 4: Market Value (US$ Million) by Country, 2023 to 2033

Figure 5: Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 6: Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 7: Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 8: Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 9: Market Value (US$ Million) Analysis by Core Type, 2018 to 2033

Figure 10: Market Volume (Tons) Analysis by Core Type, 2018 to 2033

Figure 11: Market Value Share (%) and BPS Analysis by Core Type, 2023 to 2033

Figure 12: Market Y-o-Y Growth (%) Projections by Core Type, 2023 to 2033

Figure 13: Market Value (US$ Million) Analysis by Functionality, 2018 to 2033

Figure 14: Market Volume (Tons) Analysis by Functionality, 2018 to 2033

Figure 15: Market Value Share (%) and BPS Analysis by Functionality, 2023 to 2033

Figure 16: Market Y-o-Y Growth (%) Projections by Functionality, 2023 to 2033

Figure 17: Market Value (US$ Million) Analysis by Elevator Type, 2018 to 2033

Figure 18: Market Volume (Tons) Analysis by Elevator Type, 2018 to 2033

Figure 19: Market Value Share (%) and BPS Analysis by Elevator Type, 2023 to 2033

Figure 20: Market Y-o-Y Growth (%) Projections by Elevator Type, 2023 to 2033

Figure 21: Market Attractiveness by Core Type, 2023 to 2033

Figure 22: Market Attractiveness by Functionality, 2023 to 2033

Figure 23: Market Attractiveness by Elevator Type, 2023 to 2033

Figure 24: Market Attractiveness by Country, 2023 to 2033

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