PUBLISHER: The Business Research Company | PRODUCT CODE: 1932563
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932563
A gearless elevator traction motor is a high-efficiency electric motor that directly drives the elevator sheave without requiring a gearbox, minimizing energy loss and maintenance needs. It is designed to deliver smooth, quiet, and reliable operation, making it ideal for high-rise and high-speed elevator systems.
The primary types of gearless elevator traction motors include permanent magnet motors, AC motors, and DC motors. A permanent magnet motor utilizes permanent magnets to generate a magnetic field instead of electromagnets, resulting in greater efficiency and a more compact design. These motors are available in various technologies, such as smart motors, conventional motors, high-efficiency motors, and regenerative motors. They come in different capacities, including low, medium, and high, and are used in commercial, residential, and industrial applications. The key end-users include both new installations and modernization projects.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the gearless elevator traction motor market by increasing the cost of imported rare-earth magnets, electrical steel, power electronics, and precision motor components. Elevator manufacturers in Asia-Pacific and Europe are particularly affected due to strong dependence on global material supply chains and high-rise construction demand. These tariffs are raising system costs and extending project timelines for commercial and residential developments. North America faces similar cost pressures in modernization projects. However, tariffs are promoting regional motor manufacturing, alternative material development, and innovation in high-efficiency, low-loss traction motor designs.
The gearless elevator traction motors market research report is one of a series of new reports from The Business Research Company that provides gearless elevator traction motors market statistics, including the gearless elevator traction motors industry global market size, regional shares, competitors with the gearless elevator traction motors market share, detailed gearless elevator traction motors market segments, market trends, and opportunities, and any further data you may need to thrive in the gearless elevator traction motors industry. This gearless elevator traction motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gearless elevator traction motor market size has grown strongly in recent years. It will grow from $5.29 billion in 2025 to $5.64 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to urbanization and high-rise building growth, demand for efficient vertical transportation, reduction of maintenance costs, improvement in ride comfort, replacement of geared traction systems.
The gearless elevator traction motor market size is expected to see strong growth in the next few years. It will grow to $7.29 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to smart building integration, regenerative drive adoption, expansion of green building projects, modernization of installed elevator base, growth of mega infrastructure projects. Major trends in the forecast period include shift toward energy-efficient elevator systems, increasing adoption of permanent magnet motors, demand for low-noise elevator solutions, modernization of aging elevator infrastructure, growth of high-rise construction.
The rising construction of high-rise buildings is expected to drive the growth of the gearless elevator traction motor market going forward. High-rise buildings are tall structures, typically exceeding 35-40 meters (115-131 feet) or about 12-14 stories, designed for residential, commercial, or mixed-use purposes. Their construction is increasing due to rapid urbanization, population growth, limited land availability, advancements in construction technology, and the need for efficient land use in densely populated cities. Gearless elevator traction motors are used in these buildings to provide efficient, smooth, and high-speed vertical transportation while reducing maintenance and energy consumption. For instance, in January 2024, according to the Council on Tall Buildings and Urban Habitat (CTBUH), a US-based international non-profit monitoring global skyscraper development, 185 buildings measuring 200 meters or more were completed worldwide in 2023, marking a 10.1% increase compared to 2022. Therefore, the rising construction of high-rise buildings will drive the gearless elevator traction motor market.
Major companies in the gearless elevator traction motor market are focusing on integrating advanced motor technologies such as permanent-magnet synchronous motors (PMSMs), enabling more efficient, compact, and sustainable elevator systems. PMSM technology uses high-strength permanent magnets embedded in the rotor so the motor rotates synchronously with the alternating current in the stator, allowing direct-drive capability without a gearbox, thereby reducing energy loss and friction. For example, in October 2024, Bluelight Group, a China-based elevator components manufacturer, launched the WYT-R Rail Mount Version Elevator Gearless Machine, a PMSM-based gearless traction system for rail-mounted elevators featuring an outer-rotor structure for smoother low-speed operation and high overload capacity, a block-type armless brake for fast response and reliability, and a compact design optimized for rail-mount installation. The WYT-R improves energy efficiency, lowers maintenance costs by eliminating gearbox upkeep, and enhances ride comfort and safety through smoother, quieter operation and robust braking and overload protection.
In June 2024, Aritec New Materials Group AG, a Switzerland-based synthetic treatment solutions company, partnered with Alberto Sassi S.p.A. to integrate Aritec's high-performance elevator belt Aribelt 30 F3.4 with Alberto Sassi's gearless traction machines. This partnership aims to provide modern machine-room-less elevator solutions that maximize usable space, reduce power consumption by up to 35%, and extend equipment lifespan with lower maintenance and operational costs. Alberto Sassi S.p.A. is an Italy-based manufacturer of geared and gearless elevator traction machines.
Major companies operating in the gearless elevator traction motor market are Hitachi Ltd., Siemens AG, Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Nidec Corporation, Otis Elevator Company, Schindler Holding AG, Kone Corporation, Hyundai Elevator Co. Ltd., Hiwin Technologies Corp., Kleemann Elevators S.A., Ningbo Xinda Elevator Traction Technology Co. Ltd., Fujitec Co. Ltd., Suzhou Torin Drive Equipment Co. Ltd., Cheng Day Machinery Works, Xizi Forvorda Co. Ltd., Fenoja Oy, Shanghai ZanFeng Technology Co. Ltd., Mont Drive Systems Co. Ltd.
Asia-Pacific was the largest region in the gearless elevator traction motor market in 2025. The regions covered in the gearless elevator traction motor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the gearless elevator traction motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gearless elevator traction motor market consists of sales of dual-drive gearless traction motors, custom gearless traction motors, and direct-drive gearless motors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Gearless Elevator Traction Motor Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses gearless elevator traction motor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for gearless elevator traction motor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The gearless elevator traction motor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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