Germany Elevator Motors Market Size, Share, and COVID-19 Impact Analysis, By Motor Type (AC, DC), By Type (Geared Traction Motors and Gearless Traction Motors), and Germany Elevator Motors Market Insights, Industry Trend, Forecasts to 2035

Germany Elevator Motors Market Insights Forecasts to 2035  

• The Germany Elevator Motors Market Size Is Expected to Grow at a CAGR of Around 5.4% from 2025 to 2035.  
• The Germany Elevator Motors Market Size Is Expected To Reach a Significant Share by 2035.

According to a research report published by Spherical Insights & Consulting, The Germany Elevator Motors Market size is expected to grow 5.4% CAGR from 2025 to 2035 is expected to reach a significant share by 2035. The elevator motors market is driven due to several key factors, including urbanization, rising hotel investments, and government infrastructure spending. The increasing demand for modern and energy-efficient systems, alongside a focus on sustainable solutions, also contributes to market expansion.

Market Overview

The Germany elevator motors market includes the industry involved in manufacturing, sales and distribution of electric motors used for the power lift (also known as lift). These motors convert electrical energy into mechanical speed, enabling the vertical movement of passengers or lift cars carrying freight. The market contains a variety of motors, such as synchronous and asynchronous motors, and urbanization, manufacturing trends and factors such as demand for energy-efficient solutions. The German elevator offers important opportunities for motor market construction activity, modernization of existing buildings and a strong focus on energy efficiency. Urbanization, especially in residential and commercial areas, is demanding new establishments and upgrades. In addition, the integration of the AI-manufacturing future maintenance is expected to bring revolution in the market, which increases safety and operational efficiency. Strong German construction sector, including residential and commercial development, is promoting the demand for new lifts and escalators. Many existing buildings require upgradation to meet the current security and energy efficiency standards, leading to sufficient market for modernization of the lift system. Stability is an increasing preference for the energy-efficient lift systems run by goals and rules. Integration of smart technologies, such as an AI-manual future, is becoming increasingly important to increase lift performance and reliability.

The German government is actively supporting the lift market, especially through initiative promoting energy efficiency and durable technologies. Specific schemes include funds for the research and development of low-fasting lift technology, as well as encouragement for modernization projects aimed at increasing energy efficiency. By 2045, focusing on renewable energy and carbon neutrality is also running innovation in the lift region, with a push towards more sustainable solutions. The German government provides funds and assistance for research and development of energy-efficient and low-enhancer lift technologies. This includes progress in machine room-cum lift, regenerative drive and other technologies that reduce energy consumption and environmental impact. The government provides encouragement to modernize the existing elevator system, which adopts energy-saving technologies and improves overall efficiency.

Report Coverage

This research report categorizes the market for the Germany elevator motors market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing elevator motors market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany elevator motors market.

Driving Factors                                                    

The market of Germany elevator motors is mainly inspired by urbanization, an aging population and technological progress. These factors are leading to the increasing demand for new lift installations in high-growing buildings and the increasing requirement of energy-efficient and smart elevator systems.

Restraining Factors

The German elevator motors market faces several preventive factors. Of these, key elevators are high early costs for installation, especially in chronic buildings, and rigorous security and energy efficiency require ongoing maintenance and modernization to meet the standards. In addition, the market experiences acute competition, and a significant investment and innovation are required to maintain with technological progress like smart lifts. Economic uncertainties and global economic recession can also negatively affect the construction industry, later affecting the demand for lift.

Market Segmentation

The Germany elevator motors market share is classified into motor type and type.

• The AC segment held a dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Germany elevator motors market is segmented by motor type into AC, DC. Among these, the AC segment held a dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to its energy efficiency, lower maintenance requirements, and compatibility with modern elevator control systems. The widespread adoption of AC motors in residential and commercial buildings, driven by advancements in variable frequency drives (VFDs), continues to support its strong growth.

• The gearless traction motors segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Germany elevator motors market is segmented by type into geared traction motors and gearless traction motors. Among these, the gearless traction motors segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Gearless motors offer higher speeds and are more efficient, especially in high-rise buildings. They also have a longer lifespan and are quieter in operation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany elevator motors market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• KONE
• Otis
• Schindler
• TK Elevator (formerly Thyssenkrupp Elevator)
• Mitsubishi Electric
• KOHLER
• Fujitec
• Schmitt and Sohn
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Germany elevator motors market based on the below-mentioned segments:

Germany Elevator Motors Market, By Motor Type

• ·AC

• DC

Germany Elevator Motors Market, By Type

• Geared Traction Motors
• Gearless Traction Motors