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Elevators in the US Procurement Price, Data and Insights
It is common for suppliers to install and service elevators in addition to selling them. Typically, suppliers are either manufacturers or elevator service companies, the latter acting as distributors that perform installation, repairs and other services on elevators. Buyers include construction firms and transportation and warehousing providers.
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What’s included in this market coverage
IBISWorld's research coverage on the Elevators procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Elevators market in the United States includes Passenger Elevator, Freight Elevator, Residential Elevator, Hydraulic Elevator and Traction Elevator. Standard coding in this coverage includes HS-8428200050-Elevators, Pneumatic, Nesoi, ISIC-2816-Manufacture of lifting and handling equipment, NACE-28.22-Manufacture Of Lifting And Handling Equipment, NAICS-333920-Material handling equipment manufacturing and UNSPSC-24101601-Elevators.
What common market terminology is included?
Common market terminology included in the Elevators procurement coverage includes Hydraulic Elevators (A type of elevator that uses pressurized fluid (usually oil) to lift the elevator cab up.), Elevator Shaft (The vertical space in a building in which the elevator is installed and operates.) and Gearless Traction Elevators (A type of elevator that uses wire cable (hoisting ropes) attached to the elevator at one end, and a counter weight at the other end that helps move the elevator car up and down.).
What companies are included as top suppliers?
The top companies covered in the Elevators procurement report as suppliers are American Crescent Elevator Manufacturing Corp., Admiral Elevator Company Inc., Fujitec Co. Ltd., Hyundai Elevator Co. Ltd. and Mitsubishi Electric Corp.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Elevators market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per elevator, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Elevators market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Elevators procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Elevators market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Elevators market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Elevators?
The 2026 benchmark market price for Elevators is $55490 per elevator. Prices have increased at a CAGR of 2.73 from 2023-26.
Who are the top vendors in the Elevators market?
The top vendors in the Elevators market include American Crescent Elevator Manufacturing Corp., Admiral Elevator Company Inc., Fujitec Co. Ltd., Hyundai Elevator Co. Ltd. and Mitsubishi Electric Corp.
What industries supply the Elevators market?
The top industries supplying the Elevators market are Engine & Turbine Manufacturing in the US, Ball Bearing Manufacturing in the US, Iron & Steel Manufacturing in the US, Iron Ore Mining in the US, Nonferrous Metal Foundry Products Manufacturing in the US, Aluminum Manufacturing in the US, Plastic & Resin Manufacturing in the US and Petroleum Refining in the US.
What is the supply chain risk for Elevators?
High vendor risk requires proactive supplier risk management. Elevator buyers face elevated vendor risk due to financial, operational, or capacity uncertainties among suppliers. Medium market concentration limits alternatives in some segments, increasing dependence on a few critical vendors. Buyers should implement robust risk assessment frameworks, maintain multiple sourcing options where feasible, and monitor supplier performance closely. Proactively addressing vendor risk can prevent project delays, cost overruns, and service disruptions while supporting more resilient procurement strategies.
What factors affect the price of Elevators?
Larger load capacities and faster travel speeds generally demand heavier-duty components and stricter engineering standards, causing higher upfront costs. At the same time, these features can increase building efficiency, influencing owners to pay a premium for the equipment and installation.
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