Post by Roland Berger

The global elevator market is still rising – but not without turbulence. 🏗️ Our latest Elevator Market Outlook 2030 – Spring 2026 Update reveals a market in transition. While the USD 110 billion industry is on track to reach USD 133 billion by 2030 (4% CAGR), the path there looks different than we anticipated just months ago. Here's what's reshaping the outlook: 📉 China stalls – The downturn deepens through 2026, dragging down our revised forecast from USD 136 billion to USD 133 billion 🛑 Middle East conflict – Construction pauses across one of the world's most lucrative markets 🌍 Europe & MEA surge – Both regions lead at 5% CAGR, with Europe adding USD 9 billion in absolute value 🔧 Modernization takes center stage – The fastest-growing segment globally (7% CAGR), nearly doubling from USD 11 billion to USD 21 billion by 2030 🌏 SEA emerges as APAC's rising star – Compensating for China's decline with strong momentum across all segments The fundamentals haven't changed: urbanization, aging infrastructure, and a growing installed base continue to drive long-term demand. The winners will be those who move early into Modernization and Maintenance – where margin expansion is real and accelerating. 🔗 Explore the full insights and our regional breakdown in our report linked below. 👉 https://lnkd.in/e9ri_7RW Ralph Mair Gareth Hayes Christopher Hoyes Sven Siepen Masato Someya Masayuki Igarashi #RolandBerger #ElevatorIndustry #MarketOutlook