Elevators, as a highly used vertical transportation in daily life, need to carry countless passengers every day, so when planning, purchasing and installing an elevator, finding an elevator manufacturer that is both affordable and guarantees quality has become the most important part of planning, purchasing and installing an elevator. So, today we take a look at the latest list of elevator manufacturers in 2025. The list is a collection of 25 international elevator brands, voted by 85,900 users. The main products, company information and technical features of each brand are summarized and the top 10 elevator manufacturers as voted by the netizens are filtered out for reference.
Overview of Elevator Manufacturers
Global Elevator Market Share (2025)
Based on the latest Forbes Corporate Profiles and Industry Reports 2025, here are the top 10 global market share of Elevator manufacturers:
| Rank | Elevator Brand | Market Share | Core Technology |
|---|---|---|---|
| 1 | Otis | 18% | COMPASS® IoT System (Intelligent Control System) |
| 2 | TK Elevator | 15% | Multifunctional Elevator System (MFL) |
| 3 | KONE | 12% | UltraRope Technology (Lightweight Elevator Ropes) |
| 4 | Schindler | 8% | PORT Intelligent Control System |
| 5 | ThyssenKrupp | 7% | MULTI Elevator System (Rope-Free Vertical and Horizontal Movement) |
| 6 | Hyundai | 5% | Focus on Energy Efficiency and Space Utilization |
| 7 | Fujitec | 5% | Eco-Friendly and Efficient Technology |
| 8 | Mitsubishi | 4% | High-Temperature and Heavy-Load Elevators |
| 9 | Hitachi | 4% | Quiet and Efficient Operation |
| 10 | Otis Elevator | 3% | IoT Monitoring System |
Top 10 Elevator Manufacturers 2025
1. Otis Elevator
Founded in 1853, Otis is one of the world’s largest manufacturers of elevators and escalators, with operations in more than 150 countries. As an industry leader, Otis is known for its innovative technology and superior quality in a wide range of commercial and residential applications. Its COMPASS®IoT system improves the intelligence of elevators, making them run more efficiently and energy-saving.
Core Technology: COMPASS® IoT System (Intelligent Control System)
Main Products: Residential Elevator, Commercial Elevator, Escalator, Sightseeing Elevator, Machine Room-less Elevator
Market share: 18
Advantage: No. 1 in the global market share, safe and stable products, high degree of intelligence.
2. TK Elevator
TK Elevator (formerly ThyssenKrupp Elevator) is a well-known German elevator brand, known for its multifunctional elevator system (MFL) and high-rise building solutions. Its products focus on energy efficiency and fast response, especially in the European and North American markets.
Core technology: Multi-functional elevator system (MFL)
Main Products: Elevators for High-rise Buildings, Commercial Elevators, Freight Elevators, Machine-room-less Elevators, Escalators
Market share: 15%
Strengths: Excellent high-rise solutions, strong regional presence
3. KONE Elevator
KONE, from Finland, was founded in 1910 and focuses on energy-saving and intelligent elevator solutions. Its original UltraRope technology greatly reduces the weight of elevator cables and is suitable for ultra-high-rise buildings, improving energy efficiency and transportation stability.
Core technology: UltraRope technology (lightweight elevator cables)
Main products: energy-saving home elevator, machine-room-less elevator, escalator, sightseeing elevator, vertical transportation system
Market share: 12 percent
Advantage: Energy saving and environmental protection, high transportation efficiency in high-rise buildings
4. Schindler Elevator
Founded in 1874, Swiss brand Schindler is one of the world’s leading manufacturers of elevators and escalators. Its PORT intelligent control system significantly improves the efficiency of crowd management and elevator scheduling, which is popular worldwide.
Core technology: PORT intelligent control system
Main Products: Barrier-free Elevator, Residential Elevator, Commercial Elevator, Escalator, Sightseeing Elevator
Market share: 8%
Strengths: Efficient scheduling system, intelligent people management
5. ThyssenKrupp Elevator
German brand ThyssenKrupp has more than 100 years of history in the elevator industry, and has introduced the MULTI elevator system with rope-free vertical and horizontal movement capabilities, which is ideal for ultra-high-rise buildings.
Core technology: MULTI elevator system (rope-free vertical and horizontal mobility)
Main Products: High-rise Elevator, Cordless Elevator, Industrial Elevator, Commercial Elevator, Machine Room-less Elevator
Market share: 7 percent
Strengths: Innovative hybrid vertical and horizontal transportation for space savings
6. Hyundai Elevator
Hyundai is a well-known elevator brand in South Korea and is particularly competitive in the Asian market, with a 43% market share in South Korea.Hyundai focuses on cost-effective and energy-efficient elevator products for residential, commercial and industrial buildings.
Core technology: Energy-efficient drives and compact design
Main Products: Residential Elevator, Freight Elevator, Commercial Elevator, Escalator, Hydraulic Elevator
Market share: 5 percent
Strengths: Outstanding performance in the Southeast Asian market and high cost performance.
7. BDFUJI Elevator
BDFUJI is a well-known Chinese elevator manufacturer brand, which integrates the control technology of Japan’s FUJI and focuses on environmentally friendly and efficient elevator solutions. Its low energy consumption and high comfort features make it have a wide customer base in Southeast Asia, Middle East and South America markets.
Core technology: Low-energy drive system
Main Products: Eco-friendly Elevator, Sightseeing Elevator, Energy-saving Residential Elevator, Escalator
Market share: 5%
Advantage: Environmentally friendly and energy efficient, smooth operation,Passenger elevators, commercial elevators, freight elevators, hospital elevators
8. Mitsubishi Elevator
Mitsubishi Electric (Mitsubishi Electric) occupies a place in the global elevator industry, known for its high durability and stability, especially suitable for high-rise buildings and industrial use.
Core technology: High-speed drives and high-temperature resistant technology.
Main Products: High-speed elevator, industrial elevator, escalator, glass elevator
Market share: 4 percent
Strengths: Stable and durable, suitable for high-load operation
9. Hitachi Elevator
Hitachi is one of Japan’s leading elevator manufacturers, characterized by quietness, smoothness and high performance. Its silent design is popular in high-end apartments and commercial buildings.
Core Technology: Silent Drive System
Main Products: Silent residential elevator, commercial elevator, energy-saving elevator, sightseeing elevator
Market share: 4 percent
Strengths: Low noise, smooth operation
10. Toshiba Elevator
Toshiba is a leading elevator brand in Japan, focusing on technological innovation and comfort. Its elevator products are characterized by high efficiency, durability and quietness, and mainly serve commercial buildings and high-end residences.
Core Technology: Intelligent Variable Frequency Drive (VVVF)
Main products: glass elevator, commercial elevator, energy-saving elevator, intelligent home elevator
Market share: 3%
Strengths: Smooth and efficient, energy saving and noise reduction
Elevator Manufacturer Technology Comparison
Core Technology Differences between Otis and KONE
Otis technology:
The main focus is on the COMPASS® IoT system, which optimizes elevator control and enhances the passenger experience through smart sensors.
Market feedback: The system can effectively improve elevator operation efficiency and reduce energy consumption by 30%.
KONE Technology:
Utilizes UltraRope technology to provide more efficient and lighter elevator cables.
Market feedback: Improved transportation efficiency and reduced energy consumption in high-rise buildings.
Data Support: KONE’s energy-efficient technology is widely recognized in the global marketplace, according to the Forbes Innovation List.
Other Technical Innovations
TK Elevator: Introduced machine-room-less elevators and energy-efficient drive systems for high-rise buildings.
BDFUJI: Adopting machine-room-less elevators and energy-saving drive systems while emphasizing intelligent control systems and efficient scheduling to improve traffic flow in buildings.
How to assess the reliability of an elevator manufacturer?
Evaluating the reliability of an elevator manufacturer is not only based on the quality of its products, but also on factors such as after-sales service, market reputation, technological innovation and company history.
After-sales service: Ensure that the brand offers a global maintenance network, such as Otis and BDFUJ.
Market reputation: Choose a vendor with good feedback based on consumer and user reviews (e.g., Quora and Reddit discussions).
Technological innovation: Examine the brand’s investment in IoT and smart elevator systems.
Does the elevator manufacturer ranking consider sustainability metrics?
Yes, more and more elevator brands are incorporating sustainability metrics into their product design and manufacturing processes.
KONE: According to the Forbes Innovation List, KONE has invested 15 percent of its R&D in energy-efficient technologies and has introduced several green elevators.
Otis: Committed to reducing the carbon footprint of elevators, its new generation of elevator products features an energy-saving mode that significantly reduces energy consumption when used in high-rise buildings.
About Elevator Manufacturers FAQ
Who will be the top 10 global elevator manufacturers in 2025?
Otis, TK Elevator and KONE are the top three global elevator manufacturers based on market share and technological innovation in 2025.
How to evaluate the core technology difference of elevator manufacturers?
This can be assessed in terms of technological innovation, number of patents, energy efficiency and intelligent control systems.
Which elevator brands are suitable for wheelchair users?
Schindler and BDFUJI are two leading brands that specialize in accessibility, offering wide door designs and intelligent controls.
The 2025 elevator manufacturers market is highly competitive, but headline manufacturers such as Otis, KONE, and TK
Elevator excel in terms of technological innovation, market share, and sustainability. Choosing the right elevator manufacturer should be based on a combination of core technology, after-sales service, market performance, and price advantage. Tailor-made elevator solutions for buildings with different needs, as in the case of hospitals, the choice of accessible elevators can effectively respond to the needs of most users in that scenario.
