The elevator market - Italy (2025)

1.2 The global market

The global elevator market continues to experience steady growth, increasing from $**.** billion in **** to $**.** billion in ****, with an overall increase of **.* percent and a compound annual growth rate (***) -based predictive maintenance systems and environmentally sustainable solutions for energy efficiency.

Elevator Market World, ****-****, in billions of dollars Marketresearchfuture

In ****, China is confirmed as the world's leading exporter of elevators, with an export value of $*.** billion, consolidating its dominant position in the global market. It is distantly followed by Spain and Italy, with exports worth $***.* million and $***.* million respectively, thanks to a highly specialized manufacturing industry and the production of advanced components for the sector. Major exporting countries of elevators and hoists World, ****, in millions of dollars Uncomtrade On the import side, the United Kingdom ranks as the world's leading importer of elevators in ****, with a value of $***.* million, followed by the United States (***). This scenario reflects the strong demand for lift systems in countries with high levels of urbanization and expanding infrastructure. Main importing countries for elevators and elevators World, ****, in millions of dollars Uncomtrade

1.3 The European market

The European elevator market has been on an up-and-down trend in recent years. After growing by *.* percent between **** and ****, increasing in value from €*.** billion to €*.* billion, the sector contracted by *.* percent in ****, returning to €*.* billion. This decline basically brought the market back to **** levels, showing a slowdown phase after the **** peak. The dynamics of the sector are influenced by several factors, includinggeneral economic trends, access to financing for new installations, and energy efficiency policies, which could be a key driver for recovery in the coming years.

Value of the European elevator market Europe, ****-****, in € billion ELA

Between **** and ****, the operating budget of the European elevator industry grew significantly by **.* percent, from €***.* million to €***.* million, with a steady increase until ****. However, in ****, the market contracted slightly by *.* percent from ****, while still remaining at significantly higher levels than in ****. This trend shows an expanding sector in the medium term, despite a more recent settling phase, likely influenced by unfavorable macroeconomic conditions and a slowdown in infrastructure investment.

European operating budget Europe, ****-****, in millions of € ELA

1.4 The Italian market

According to forecasts for the period ****-****, the Italian elevator market is expected to grow steadily, with the value rising from **.* billion euros in **** to **.** billion euros in ****. This increase represents an overall increase of **.* percent, supported by a compound annual growth rate (***) of *.** percent. The industry's expansion is driven by key factors such as themodernization of the existing elevator fleet, growing demand for advanced technological solutions, and a focus on energy efficiency and sustainability. In this context, Italy is confirmed as a strategic market capable of combining innovation and industrial specialization, with positive prospects for investment in the coming years. Italian elevator market value forecast Italy, ****-****, in billion € Istat, Businesscoot elaboration Between **** and ****, the turnover of Italian companies active in the manufacture of lifting and handling machinery and equipment grew significantly by **.* percent, from €*.** billion to €**.** billion. This increase occurred despite a *% contraction in **** caused by the effects of the pandemic. In ****, the sector declined slightly by *.* percent compared to ****, although it remained at significantly higher levels than in the pre-pandemic period. This trend reflects the resilience of the sector, which, after a phase of strong expansion, is going through a period of stabilization, supported by the demand for ...

1.5 Imports and Exports

Between **** and ****, the export of elevators and hoists from Italy increased by*.*%, from $***.* million to $***.* million, while the import more than doubled, growing by ***.*%, from $**.* million to $**.* million. The coverage ratio, while remaining positive, showed a significant decrease over the period, from ****.* percent in **** to ***.* percent in ****, indicating an increase in dependence on imports over exports.

Import - Export elevators and elevators Italy, ****-****, in millions of dollars and % Uncomtrade

As for Italy's main trading partners, Germany collects **.* percent of total Italian exports in ****. This is followed by France and the United Kingdom, with shares of **.* percent and *.* percent, respectively. Poland, Switzerland and Austria contribute *.* percent, *.* percent and *.* percent of Italy's exports, and together with the countries mentioned above, they account for ** percent of total exports. Main export destination countries for elevators and hoists Italy, ****, % Uncomtrade In terms of imports, the Netherlands is by far Italy's main partner. In ****, the Netherlands collected **.*% of Italy's total imports. This is followed by Spain and Germany with **.* percent and *.* percent. Finally, France collects *.*% while all other countries together collect **.*% of total Italian imports. Main countries of origin for imports of elevators and hoists Italy, ****, % Uncomtrade

1.6 Inflation suffered by the sector

The elevator market in Italy has faced significant inflation-related challenges in recent years, with dynamics affecting both manufacturers and consumers. Rising costs of raw materials, such as steel, copper and electronic components, have severely affected production costs, forcing companies in the industry to revise selling prices. This phenomenon has had a direct impact on profit margins, prompting many companies to invest in technological innovations to improve production efficiency and contain operating costs. At the same time, rising energy costs have posed an additional challenge, especially for maintenance operations and new generation elevators, which are often more efficient but more expensive to produce and install. On the demand side, inflation has generated some caution in investment, especially in the residential sector and small and medium-sized businesses, where tighter budgets have led to postponement of projects to install or upgrade equipment. However, the luxury and large infrastructure segment has shown more resilience, with continued demand for advanced and customized technology solutions, supported by higher budgets and an increasing focus on sustainability and energy efficiency. In response to these pressures, companies in the industry have adopted diversified strategies, such as revising maintenance contracts with inflation-based indexing, enhancing after-sales services to build customer loyalty, and ...

2.1 Demand in Italy

Production of elevators and elevators in Italy increased by **.* percent between **** and ****, from **,*** to **,*** units, despite an **.* percent decrease in **** compared to ****. There was a slight decrease of *.*% in **** compared to ****, but production levels still remain significantly higher than pre-pandemic levels. Realized production of elevators and elevators in quantity Italy, ****-****, in numbers Istat

Realized production of elevators and elevators in Italy grew by ** percent between **** and ****, from **,*** to **,*** units, despite a *.* percent contraction in **** compared to ****. In ****, however, there was a **.*% decline from the previous year. Sold production of elevators and elevators in quantity Italy, ****-****, in numbers Istat

Between **** and ****, the sales ratio of elevators and elevators in Italy remained generally close to *, with a peak in ****, when production sold exceeded production realized (***). However, in **** the ratio dropped to *.**, indicating a reduction in sales relative to production, returning to the lowest levels in the observed period. Sales ratio of elevators and elevators Italy, ****-****, in numbers Istat

In order to analyze the demand for elevators in Italy, trends in the number of systems installed and the evolution of the number of new residential and nonresidential buildings are analyzed.

Regarding the first point, in **** Italy is the second European country ...

2.2 Demand drivers

To analyze the demand drivers in the elevator sector in Italy, two key factors are considered: the age of the elevator fleet in operation in **** and the evolution of the over-** population, which represents the main demand segment in the residential real estate sector. Regarding the first aspect, the data show aparticularly high average age of elevators. In ****, as many as ** percent of elevators in operation were installed more than ** years ago, while more than * in * (***) have been in operation for more than ** years. This indicates a dated fleet, with a high percentage of elevators in need of extraordinary maintenance, upgrades, or complete replacement. In contrast, only * in * elevators is less than ** years old, underscoring the wide room for growth for the market of new installations and technological upgrading.

Elevators in operation, breakdown by years of commissioning Italy, ****, % AssoAscensori-ANIE

Then analyzing the demographic projections for the over-** population in Italy, it is possible to assume a growing demand for installations. Between **** and ****, the over-** population is expected to grow by **.* percent, from **.** million people to **.** million people. Moreover, considering that in **** only *.* percent of residential buildings have a lift system installed, a sustained increase in demand in Italy can be expected.(***) Population ...

2.3 Trends in elevator demand

Online searches for elevators in Italy between January **** and January **** show an overall increase of **.* percent, from an index of **.* to **.*. Monthly variations are observed during this period, with significant peaks in October and November ****, **.* and **.*, respectively. The trend is generally positive, with periodic fluctuations indicating seasonality or specific events affecting interest.

Trends in online elevator searches Italy, ****-****, index Google Trends, Businesscoot elaboration

Online searches for elevators in Italy in the period ****-**** show a strong concentration in Valle d'Aosta, which records the highest value with an index of ***, followed by Trentino-Alto Adige with **. Southern regions such as Campania, Puglia, Sicily and Calabria show relatively high values compared to other areas in the North-Center. Veneto and Friuli-Venezia Giulia rank at the bottom, with indices of ** and **, respectively. The geographical distribution suggests greater attention to the issue in smaller regions or regions with specific territorial characteristics.

2.4 New demand trends

Demand in the elevator industry is evolving rapidly, influenced by several economic, technological, demographic and regulatory megatrends.

*. Growth in Urbanization and Skyscrapers:

Growing Urbanization: With continued migration to cities, especially in emerging markets, the need for vertical infrastructure such as skyscrapers and multi-story buildings is increasing. Tall and Super-Tall Build ings: The construction of residential and commercial buildings above *** meters in height drives the demand for faster, stronger and more technologically advanced elevators.

*. Energy Efficiency and Sustainability:

Green Technologies: Demand for elevators with low environmental impact is increasing. Energy recovery systems, regenerative motors and use of recycled materials are increasingly in demand. Green certifications: LEED or BREEAM-certified building projects incorporate elevators that meet sustainability standards. Reduced consumption: Solutions such as automated LED lighting and "sleep" modes in elevators reduce energy consumption when not in use.

*. Aging Population:

Universal Accessibility: The increasing elderly population in developed countries leads to greater demand for elevators adapted for users with disabilities or reduced mobility. This includes larger dimensions, intuitive control systems, and minimal architectural barriers. Residential renovations: In many older buildings, there is a boom in retrofitted elevator installations, even in small apartment buildings.

*. Digitization and Smart Elevators:

Internet of Things ...

3.1 The market structure

Between **** and ****, the number of companies active in the manufacture of lifting and handling equipment in Italy decreased by *.* percent, from *,*** to *,***. After a more pronounced decline in ****, probably related to the effects of the pandemic, subsequent values show a slight recovery in ****, followed, however, by a further decline. The overall trend shows a contraction in the sector.

Number of enterprises active in the manufacture of lifting and handling equipment [***] Italy, ****-****, in number Istat

In ****, the majority of enterprises active in the manufacture of lifting and handling machinery and equipment in Italy are limited liability companies, accounting for **.* percent of the total. They are followed, with significantly lower shares, by joint stock companies (***). Limited partnerships and other business forms have a marginal presence, at *.* percent and *.* percent, respectively, while cooperatives account for just *.* percent. Legal form of enterprises active in the manufacture of lifting and handling machinery and equipment Italy, ****, in % Istat

Between **** and ****, the number of people employed in the manufacture of lifting and handling machinery and equipment in Italy increased by **.* percent, from **,*** to **,***. The growth has been steady, with a significant acceleration starting in ****, confirming a positive trend in the sector despite the slight contraction in the ...

3.2 The value chain

The value chain in the elevator market can be detailed as follows

Research and development (***): innovations for safety, energy efficiency, and design. Design and engineering: creating technical drawings and specifications for each project. Material procurement: purchasing components such as motors, cables, and control panels. Manufacturing and assembly: construction of elevators, with attention to quality and regulatory compliance. Marketing and sales: strategies to reach potential customers, including advertising and promotion. Installation: implementation of elevators in buildings, requiring precision and technical expertise. Service and maintenance: after-sales services to ensure the safety and efficiency of elevators over time.

3.3 The main players in the market

A list of the main players active in the production of elevators and freight elevators in Italy is offered below:

Kone s.p.a: founded in ****, is a leading global company in the field of elevators, escalators and automatic doors. Its mission is to improve urban flow through innovative and sustainable solutions that increase mobility and comfort in cities. Kone is renowned for its cutting-edge technology and focus on safety, energy efficiency and design in its solutions. The company offers a wide range of products, including elevators for all types of buildings, from private residences to commercial high-rise buildings, escalators and treadmills for shopping malls, airports and public transportation stations. In addition, Kone is committed to continuous innovation, with a strong investment in research and development to offer increasingly intelligent and connected solutions, such as access control and in-building navigation systems.

Schindler s.p.a: part of the Schindler Group founded in **** in Switzerland, is a leading manufacturer of vertical transportation systems, such as elevators, escalators and stair elevators. Specializing in providing innovative solutions for transporting people and goods inside buildings, Schindler is recognized for its advanced technology and high-quality design. The company is committed to safety, reliability, efficiency and comfort ...

3.4 Installation, repair and maintenance

The following is a proposed list of the main players active in the installation, repair and maintenance of elevators and escalators:

TK Elevator Italia s.p.a: part of the TK Elevator International Holding B.V. group, was founded in **** and is active in the installation, repair and maintenance of elevators and escalators in Italy. Specializing in the production and maintenance of elevators, escalators and moving walkways, TK Elevator stands out for its innovative and technologically advanced solutions. The company is committed to creating products that combine efficiency, safety, comfort and design, meeting mobility needs in urban and commercial environments. Their range of products and services extends to customized solutions for buildings of all types, from residential to high-rise commercial.

Elelift s.r.l: is an Italian company specializing in the installation, repair and maintenance of elevators and escalators. The main office of Elelift S.r.l. is located in Brivio, in the province of Lecco. The company operates as a service provider in the elevator, freight elevator, and escalator industry, also offering services for construction hoists and construction site elevators, as well as loading and unloading ramps. Elelift stands out for its customer focus, offering customized solutions and a wide ...

4.1 Type of the offer

Elevator offerings in the market differ based on multiple factors, such as intended use, type of technology employed, design features, and specific customer needs.

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4.2 The prices

The average price for some elevator types (***) is proposed below:

Indoor elevators

(***)

Outdoor elevators

(***)

the producer price index for the manufacture of lifting and handling equipment in Italy increased by **.* percent between **** and ****. After a slight change between **** (***).

Industry output price index - [***] Manufacture of lifting and handling machinery and equipment Italy, ****-****, base index ****=*** Istat

4.3 New supply trends: Internet of Things

IoT (***)

The global IoT market for elevators is expected to grow significantly between **** and ****, from $**.** billion to $**.** billion, an increase of **% at a CAGR of **.**%. This steady growth reflects a strong adoption of IoT technologies to improve efficiency, safety, and predictive maintenance in the industry.

IoT Market for Elevators World, ****-****, in billions of dollars GlobeNewsWire

5.1 The legislation

The manufacture, installation and maintenance of elevators and elevators are subject to both European and national regulations. The legislative framework that is outlined is aimed at ensuring the safety and proper operation of the systems. Some of the main legislative aspects are:

Directive ****/**/EU: for the harmonization of the laws of the Member States relating to elevators and safety components for elevators. Presidential Decree No. ** of January **, ****: concerning amendments to Presidential Decree No. *** of April **, ****, for the implementation of Directive ****/**/EU on elevators and safety components for elevators as well as for the operation of elevators. Standard EN **-**: sets safety requirements for the construction and installation of elevators. Standard EN **-**: defines the requirements for calculations, verifications and tests of components. Standard EN **-**: defines special applications related to accessibility for passenger and freight elevators, making special reference to disabled persons. Ministerial Decree No. *** of June **, ****: outlines the technical prescriptions necessary to ensure accessibility, adaptability and visitability of private buildings and subsidized and assisted public housing, for the purpose of overcoming and eliminating architectural barriers. Regulations for the Implementation of Law No. ** of January *, ****: defines the provisions to promote the overcoming and elimination of architectural barriers in private buildings. It ...

5.2 Opinion of the analyst

The elevator market in Italy is in an interesting expansion phase, characterized by steady growth in value and volume. Between **** and ****, the industry experienced a **.* percent increase in sales from €*.** billion to €**.** billion, despite the impact of the pandemic that caused a temporary decline in ****. Forecasts for ****-**** indicate a further significant increase, with the market estimated to grow from €**.* billion to €**.** billion, corresponding to a CAGR of *.** percent. This highlights how the elevator industry is benefiting from solid demand and structural drivers that continue to propel the market.

Notable trends include growing urbanization, which is fueling the need for vertical infrastructure such as skyscrapers and multi-story buildings. In parallel, sustainability and energy efficiency are becoming central drivers, with strong demand for green technologies such as regenerative engines, energy recovery systems and recycled materials. Digitization is another pillar of transformation: the adoption of the Internet of Things enables the implementation of smart elevators with advanced features such as predictive maintenance and remote monitoring, improving not only operational efficiency but also the user experience. Another key driver is the aging population, driving demand for affordable and retrofit solutions for older buildings.

Despite market growth, the structure of the industry in Italy is ...

6.1 Market segmentation

• Schindler
• Kone
• Otis
• Wittur
• Montanari Giulio
• Del Bo
• C.M.A.
• E.P.
• Electroelsa
• Nova