United States Elevator Safety Gear Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The U.S. Elevator Safety Gear Market is witnessing a significant rise in demand as industries focus on improving safety measures within vertical transportation systems. With technological advancements and stringent safety regulations, the need for high-quality elevator safety gear has become a critical aspect of building management. Safety gear includes components like safety brakes, buffers, and ropes, which are essential for ensuring that elevators operate safely for passengers and goods. These systems play a crucial role in preventing accidents, reducing maintenance costs, and prolonging the lifespan of elevator equipment.
Industries across the U.S. are increasingly recognizing the importance of maintaining elevator safety standards. In commercial buildings, industrial facilities, and residential complexes, elevator safety is non-negotiable. As a result, manufacturers are innovating with more reliable and durable components to meet the growing demand. Various types of elevator safety gear are designed to ensure the protection of passengers, workers, and maintenance personnel. For instance, overspeed governors, automatic rescue devices (ARD), and door locking systems have become standard requirements in both new installations and modernization projects.
With an increasing number of construction projects in urban areas, the need for advanced elevator safety gear has soared. Many industries such as hospitality, healthcare, and retail are emphasizing the need for safe, smooth, and efficient elevator operations. The U.S. elevator safety gear market is expected to grow steadily, driven by technological innovations and rising safety awareness. Manufacturers are integrating smart technologies to provide real-time monitoring of elevator components, enhancing maintenance schedules, and reducing the likelihood of failures.
Industries also demand cost-effective solutions that can withstand wear and tear. As elevators are subjected to high-frequency usage, safety gear must be made from durable materials capable of withstanding extreme conditions. To meet these requirements, safety gear is being manufactured with materials such as high-strength steel and alloys. These materials help ensure long-term safety and reliability, reducing the risks associated with elevator operations.
In addition to industry-specific needs, regulations and standards enforced by organizations like the American Society of Mechanical Engineers (ASME) and the National Elevator Industry, Inc. (NEII) further shape the market dynamics. Compliance with these regulations drives demand for high-quality safety equipment that meets or exceeds required safety standards. The rising trend of smart elevators and modernization projects further propels the growth of the elevator safety gear market in the U.S. As more industries recognize the importance of elevator safety, the market for safety gear is expected to experience substantial growth in the coming years.
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Wittur (Germany)
ThyssenKrupp (Germany)
SLC Sautter Lift (Germany)
P.F.B. (Italy)
DYNATECH (Spain)
Cobianchi Liftteile (Switzerland)
Hangzhou Huning (China)
Shanghai Liftech (China)
Ningbo Xinda (China)
Dongfang Fuda (China)
Tianjin Guotai (China)
Ningbo Shenling (China)
Ningbo Aodepu (China)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Elevator Safety Gear Market
Personal Protective Equipment (PPE)
Safety Harnesses
Lifting Devices
Guard Rails
Fall Arrest Systems
Construction Sites
Industrial Facilities
Maintenance Work
Elevator Installation
Residential Use
Construction Companies
Elevator Manufacturers
Facility Management Firms
Maintenance Service Providers
Individual Consumers
Online Retailers
Physical Stores
Wholesale Distributors
Direct Sales
Third-Party Marketplaces
OSHA Standards
ANSI Certification
ISO Standards
EN Standards
National Safety Council Guidelines
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Elevator Safety Gear Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Elevator Safety Gear Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Elevator Safety Gear Market, By Type
6. US Elevator Safety Gear Market, By Application
7. US Elevator Safety Gear Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Elevator Safety Gear Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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