Top-Rated Lift Brands: Elevate Your Experience

Choosing the right brand for a lift can significantly influence both the functionality and aesthetic appeal of any building. With numerous companies offering state-of-the-art elevator solutions, it becomes essential to identify the brands that combine innovation with reliability. Over the years, a handful of manufacturers have consistently stood out in the industry, known for their quality engineering, safety features, and energy-efficient designs. To explore the top brands leading the lift market today, read on below.

Illustration of lift

Best brands of lift in 2025

Otis

Otis is a leading global manufacturer of elevators, escalators, and moving walks, boasting an 18% global market share and a vast installed base of over 21.5 million units, with approximately 2.3 million units under maintenance. In 2023, Otis achieved a 5.6% increase in organic sales, reaching $14.2 billion in net sales, and saw a 7.7% growth in Service organic sales. The company's modernization services are particularly strong, with modernization orders increasing by 17% and modernization organic sales growing by 7.3%. Otis operates with a workforce of 71,000 colleagues and has a significant presence in Asia, the Americas, and EMEA. Its business model is driven by strong free cash flow generation through its extensive installed base. For more information, visit the Otis website.

Schindler

Schindler is a leading manufacturer in the elevator and escalator market, known for its innovative and reliable solutions. As one of the top four manufacturers in Europe, Schindler, along with Otis, TK Elevator, and KONE, holds a significant market share of 54% in the region. The company is part of a consolidated market dominated by a few major players, including Schindler Group, Otis Worldwide Corporation, ThyssenKrupp AG, Kone Oyj, and Hitachi Limited. Schindler's products are widely used in various sectors, including commercial, residential, and public transit, with a growth forecast indicating a CAGR of 4.78% from 2023 to 2029 in the European market. The company's commitment to innovation and customer satisfaction has solidified its position as a top producer in the industry.

KONE

KONE is a leading global provider of elevators, escalators, and automatic building doors, renowned for enhancing the flow of urban life. In 2023, KONE generated revenue of approximately $12.1 billion, ranking it third in the industry behind Otis and Schindler. The company has experienced significant growth, with its annual revenue more than doubling between 2007 and 2023, and its order backlog increasing by 26% over the last decade to over 8.6 billion euros. KONE invests heavily in research and development, with an expenditure of 185 million euros in 2023. The company is a major player in the global elevator market, which is expected to grow from $85 billion in 2023 to nearly $111 billion by 2028. For more information, visit the KONE official website.

ThyssenKrupp

TK Elevator, formerly known as ThyssenKrupp Elevator, is a leading global provider of elevators, escalators, and moving walks, boasting a robust presence in over 100 countries and employing more than 50,000 individuals. Achieving sales of around EUR9 billion in the fiscal year 2022/2023, the company has seen a significant rise in order intake and sales, largely fueled by growth in modernization, service, and new installations. TK Elevator fortified its market position in Eastern Europe by acquiring a majority interest in Lift Service SA in Poland, enhancing its market share to 20% in the region. As one of the four dominant players in the global elevator and escalator market, alongside Otis, Schindler, and KONE, TK Elevator remains at the forefront of innovation with its EOX platform, which is revolutionizing its product portfolio, supply chain, and customer experience. For more details, visit the official press release.

Mitsubishi Electric

Mitsubishi Electric is a leading producer of elevators and escalators, renowned for its innovation, efficiency, safety, and comfort. The company has been operating in the United States since 1985 and is known for setting high standards in the industry. Mitsubishi Electric Elevators and Escalators generates an estimated annual revenue of $105.7 million and employs 345 people, with a significant 34% employee growth rate in the last year. Their products are particularly popular in regions like Miami, where they serve over 300 high-rises. The company's commitment to technological advancements and urbanization needs makes it a dominant player in the global elevator market. For more details about their elevators and escalators, visit the Mitsubishi Electric website.

Hitachi

Hitachi is a leading producer in the elevator and escalator market, particularly in the Asia-Pacific region, where it holds a significant share. In India, Hitachi's elevator and escalator business has been thriving since the establishment of Hitachi Lift India in 2008, with the country's new installation market exceeding 67,000 units in fiscal year 2023 and expected to grow at a rate of 6-7% per year. Globally, the elevator market, which includes Hitachi, is projected to surge from USD 82.07 billion in 2023 to USD 137.57 billion by 2030, with a CAGR of 6.6%. Hitachi, along with other major players like Otis, Schindler, and KONE, dominates the Asia-Pacific market with a combined 56% market share. This dominance is driven by significant urbanization and infrastructure projects, especially in China and India. For more insights into their advancements, visit the Hitachi news release.

Fujitec

Fujitec is a leading global supplier of transportation systems, renowned for its high-quality and reliable elevators, escalators, and moving walks. In the fiscal year ended March 31, 2023, Fujitec achieved an all-time high in net sales, reaching 207,589 million yen, an 11.0% increase year-over-year, despite a 15.7% decline in operating income due to rising raw materials costs. The company saw significant growth in its new installation and aftermarket businesses, particularly in South Asia and the Americas and Europe, with orders received increasing by 3.9% year-over-year. Fujitec's commitment to innovation and customer satisfaction is evident in its state-of-the-art technology and strong maintenance services. The company's robust performance is also reflected in its forecast for the next fiscal year, targeting a 7.4% increase in net sales and a 15.4 billion yen year-over-year increase. For more information about their quality and services, visit their website.

Toshiba

Toshiba, a leading brand in the elevator industry, is renowned for its innovative and efficient vertical transportation solutions. The company's commitment to technology and design has made it a significant player, particularly in regions like India, where Toshiba Johnson Elevators India (TJEI) has been improving lives through advanced elevator systems. Toshiba's elevators are known for their reliability and energy efficiency, contributing to the global market growth projected to reach USD 137.57 billion by 2030, with a CAGR of 6.6% from 2024 to 2030.

Hyundai Elevator

Hyundai Elevator is a leading global manufacturer of elevators, escalators, and moving walkways, renowned for its innovative technology and quality excellence. The company has maintained its No. 1 position in new elevator installation in Korea for 11 consecutive years and dominated the maintenance market for three consecutive years, with a market share of 44.1% and 23.8%, respectively. Hyundai Elevator has a significant global presence, operating in 52 countries and producing over 200,000 elevators since its establishment in 1984. The company has also expanded its production capacity, particularly with its smart factory in Shanghai, China, which increased annual production to 25,000 units. Hyundai Elevator's commitment to technology development and customer satisfaction has earned it numerous awards, including the Golden Industrial Medal and the Prime Minister Citation for outstanding performance.

Sigma Elevator

Sigma Elevator, although not explicitly mentioned as a leading brand in the provided sources, can be contextualized within the broader elevator and escalator market. The global elevator and escalator market, which includes brands like Otis, Schindler, and KONE, is expected to grow significantly, reaching USD 138.2 billion by 2033 with a CAGR of 7.2%. The market is driven by urbanization, technological advancements, and increasing safety regulations. Smart and energy-efficient elevator designs are gaining popularity, with the Asia-Pacific region, particularly China and India, being major growth drivers. However, specific data on Sigma Elevator is not available in the provided sources. For more comprehensive insights, visit the Global Elevator and Escalator Market report.