GITNUX MARKETDATA REPORT 2024

Lift Statistics: Market Report & Data

Statistic 1

"Almost 70% of the world's elevators (lifts) are located in China."

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Statistic 2

"Elevators (lifts) travel approximately 4.5 million miles in a year."

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Statistic 3

"There are more than 900,000 elevators in the United States."

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Statistic 4

"The global smart elevator market size was USD 18.69 billion in 2020."

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Statistic 5

"The first electric lift was invented in 1882."

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Statistic 6

"The average elevator journey is roughly 5 floors."

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Statistic 7

"The average wait time for an elevator is about 20 seconds."

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Statistic 8

"Elevator accidents account for about 27 deaths and 10,200 injuries each year in the U.S."

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Statistic 9

"The Hitachi elevator in Guangzhou, China is the fastest in the world, traveling at 47.8 mph."

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Statistic 10

"High-rise buildings worldwide are installing double-decker lifts to save space, an industry projected to grow 9.1% by 2025."

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Statistic 11

"Elevator usage reduces carbon dioxide emissions by 40% compared to an escalator."

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Statistic 12

"The French elevator market is estimated to reach a revenue of USD 3.9 billion by 2025."

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Statistic 13

"Japan is home to approximately 820,000 elevators."

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Statistic 14

"In 2020, an estimated 330,000+ new elevators were installed in China."

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Statistic 15

"About 5 million elevators are currently in operation worldwide."

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Statistic 16

"The worldwide production of elevators and escalators is forecasted to surpass 900,000 units in 2021."

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