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The 10 Best Elevator Companies in 2025 & How to Choose the Right One
By Dazen Elevator/ January 13, 2025
Elevators are super crucial in buildings today, and they’re getting better to fit the needs of new buildings with fancy technology.
There are several different types of elevators, the two that rule the market are the traction and hydraulic types. These are widely used in commercial and non-commercial settings, such as skyscrapers, office buildings, shopping malls, hospitals, residential, and parking facilities.
Below is a list of the 10 best elevator companies in 2025, showing their new ideas, strengths, and work on famous building projects worldwide. Whether you’re improving an old building or planning a new tall one, this guide will help you learn about the top companies shaping how elevators will work in the future.
In this post, you’ll discover:
- The 2 main types of elevators
- Top 10 elevator companies in the world
- Is it necessary to Choose a Renowned Brand for Your Elevator Purchase?
- Questions and Answers that matter to You
The 2 Main Types of Elevators
Traction and hydraulic elevators together make up over 90% of the global market share.
Elevadores de tração use a traction machine to drive the rope, which drives the car and counterweight up and down in the shaft. Traction elevators are characterized by high operating efficiency, energy saving and safety, making them more popular for high-rise buildings.
Hydraulic elevators are powered by hydraulic pumps, and the pressure of hydraulic oil pushes the piston to drive the car to reach the designated floor. Hydraulic elevators are characterized by simple and flexible installation, but are less energy efficient and therefore more suitable for low-rise buildings.
List of Top 10 Elevator Companies in 2025
1. Otis Elevator
2. Schindler Group
3. KONE
4. Mitsubishi Electric
5. Thyssenkrupp Elevator
6. Toshiba Elevator
7. Hyundai Elevator
8. Fujitec
9. Canny Elevator
10. Hitachi
1. Otis Elevator Company
About: Otis started in 1853 and completely changed elevators. Their safety elevator made it possible to design and build much bigger buildings. Otis works in more than 200 cities, and its main office is in the USA. They are known for always being inventive and a leader in the elevator business.
What they do best: Otis makes smart elevators and escalators that use artificial intelligence (fancy computers that can learn) and are connected to the Internet. This means they can predict problems and are built not to break down very often, making them easier to fix.
Famous projects:
- Burj Khalifa, Dubai
- Empire State Building, New York
- Eiffel Tower, Paris
2. Schindler Group
About: Schindler was founded in 1874 in Switzerland and makes parts for better-engineered elevators and escalators that use less energy. It sells its products in almost 100 countries around the world and also focuses on safety, using less energy, and making it easier for people to get around. Now, it even has wearable tech (small computers you can wear) that lets people see how the elevators are being used in real-time.
What they do best: Schindler mostly makes digital elevators, escalators, and moving walkways. They design their products to be safe and to work well in modern cities.
Famous projects:
- Quay Quarter Tower, Sydney, Australia
- Landmark 81, Ho Chi Minh City, Vietnam
- Island Shangri-La, Hong Kong, China
3. Kon
About: KONE started in 1910 and is based in Finland. They make elevators and escalators that are designed to use less energy. KONE’s products aim to save energy and are important for building buildings that use less energy. Using digital tools in their products, they are at the front of innovation with digital solutions for working from home, at the office, and in cities.
What they do best: KONE makes advanced and well-designed automatic doors, elevators, and even escalators that help people move around cities easily. KONE also focuses heavily on using less energy in its technology, including things that reuse energy and products made with renewable resources.
Famous projects:
- Shanghai Metro Line 5, China
- The Leadenhall Building, London, UK
- Beijing Daxing International Airport, China
4. Mitsubishi Electric
About: Mitsubishi Electric started in 1921 and is based in Japan. They are known for their elevators, designed to go up floors quickly, and for materials that keep people safe. They are a popular choice for very tall buildings. It’s all about dependable systems that can move people up quickly at high altitudes.
What they do best: Mitsubishi Electric makes high-speed elevators, heating and cooling systems, and modern automatic systems. Their elevators have advanced safety features and are designed to give people a smooth ride at high speeds, even in tall buildings.
Famous projects:
- 777 Towers, Los Angeles, California
- Troy Block, Seattle, Washington
- Sheraton Waikiki, Waikiki, Hawaii
5. Toshiba Elevator
About: Toshiba erects and retains a commendable reputation in constructing and installing large-scale electric systems. They are designed to operate with high power requirements, and it is possible to incorporate new technology into the basic mechanical movements of the structures and designs of buildings. Because their products utilize power most efficiently and can be employed for a long time in power reconciliation districts, these are robust against other companies.
What they do best: Smart green elevators, moving stairs, communication between buildings. New technology from Toshiba makes it possible for construction to provide better services with less energy and a rich environment.
Famous projects:
- Taipei 101, Taiwan
- Lalaport BBCC, Malaysia
- Tokyo Sky-Free, Japan
6. Hyundai Elevator
About: South Korea’s top elevator maker, Hyundai Elevator, has many smart power systems, also called smart elevators, that work smoothly with buildings to connect everything well. The company is good at making elevators that can connect to the internet and work with other building parts to make a full power system.
What they do best: Internet-connected elevators, moving stairs, and moving walkways. Hyundai Elevator makes things that work better and are easier to use, making sure everything runs smoothly and safely.
Famous projects:
- Asan Penta Port, Cheonan, Korea
- Anatolium Marmara, Istanbul, Turkey
- BIFC, Busan, Korea
7. Fujitec
About: Fujitec began in Japan in early 1948, and it is a company that produces good, functioning products. This company can offer moving stairs and elevators suitable for use in new as well as existing building structures. They are proud of making things work really well – using new building ways alongside the old building ways.
What they do best: Fujitec has many talents in the creation of the up-and-down moving system which can be installed at homes, stores or work buildings.
Famous projects:
- TODA Building, Kyobashi, Tokyo
- Wisma 46, Jakarta, Indonesia
- Three Garden Road, Hong Kong
8. Thyssenkrupp Elevator
About: Started in Germany, among other new ideas, Thyssenkrupp made MULT, the first elevator without ropes. This new system uses magnets to float so the elevator can move up, down, and sideways. This will change how office buildings are built.
What they do best: ThyssenKrupp is involved with large systems of elevators, moving stairs and ways to navigate with them. To support the need to help the earth, the company incorporates earth-friendly tech the systems it adopts. They continue to make elevator systems perform in one way and another.
Famous projects:
- Hudson Yards, New York
- One World Trade Center, New York
- Pearson International Airport, Toronto
9. Canny Elevator
About: Canny Elevator is a prominent Chinese elevator manufacturer known for its high-quality products and significant contributions to urban infrastructure. With a strong focus on research and development, they continuously innovate to enhance vertical mobility.
What they do best: Canny specializes in designing and manufacturing elevators and escalators that meet diverse building requirements. Their solutions are known for reliability, energy efficiency, and seamless integration into modern smart buildings.
Famous projects:
- Beijing Fengtai Railway Station, China
- Longemont Hotels Chengdu, China
10. Hitachi Elevator
About: With a showcase of futuristic technologies, Hitachi is an unrivaled leader in electric functional systems as they are the sole provider of high-rise elevators for skyscrapers. The commitment they showcase through the necessary installment of IoT ensures effortless vertical build mobility and streamlines the overall operating process, installing advanced automation tools.
What they do best: Skyscraper elevators, escalators, and electric functional systems. With Hitachi’s strong analytics research tools that monitor system implementations and operations, systems remain in top condition with minimal downtime.
Famous projects:
- The Gateway, Cambodia
- China Energy Storage Tower, China
- Grand Makkah Hotel, Saudi Arabia
The list above includes the top 10 elevator companies for your reference. Of course, there are more than 10 excellent elevator companies.
You might wonder whether choosing a well-known brand is necessary when purchasing an elevator. Not at all! While big brands often guarantee quality, their premium pricing can sometimes be double that of lesser-known competitors.
Whether you’re selecting an elevator for a commercial building or installing one in your home, it’s crucial to find a company that offers both the quality of top-tier brands and competitive pricing. In this context, Elevadores Dazen excel and are highly praised.
Why Choose Dazen Elevator?
International Standards: Our core engineers come from OTIS, and the elevator standards strictly comply with EN81-20 (European standard) and GB (Chinese national standards) to ensure safety, reliability, and long life.
Reasonable Prices: Relying on the advantages of China’s elevator industry chain while ensuring quality, our price is only about 60% of branded elevators.
Famous Projects: We supply elevators and escalators for airports, university buildings, government facilities, and more. With extensive experience, you can trust us for reliable cooperation. Click here to explore our case studies.
perguntas frequentes
From small-scale local enterprises to big international brands, thousands of elevator manufacturers are spread across the globe. For example, there are about 700 in China.
Look for companies with certifications, proven track records, and positive customer reviews. Learn more in our guide.
The most prominent and well-known elevator company is Otis, which has vast operations all around the globe.
Otis, KONE, and Schindler are the present top 3, and they dominate the market well. delivery time.
While KONE is a leading brand, Otis surpasses its market share and revenue.
Otis is a publicly traded company that spun off from United Technologies Corporation in 2020.
Otis, founded in 1853, is the world’s oldest elevator company.
Otis remains the largest elevator company, both in terms of installations and revenue.
Otis remains the largest elevator company, both in terms of installations and revenue.
Not necessarily. Brands like Dazen Elevator offer high-quality products with competitive pricing, providing excellent alternatives to major companies.
Conclusão
The elevator business is moving forward, and the leading key players are Otis, KONE, and Schindler Group. They provide intelligent, secure, and sustainable solutions for buildings all around the globe. But if you’re seeking good and reasonable elevators, Dazen Elevator should be your best option. What we do is to produce excellent, energy-efficient products for less. As an outcome of a safety approach, making things your way, and following world rules, Dazen is suitable for homes, offices, and other building requests. Whether you are an elevator company, elevator distributor, builder, building designer, or homeowner, we will have a perfect answer to your query.
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Hey, I am David - Sales Director of Dazen Elevator. We are a full solution provider of elevators and escalators in China. Reach me at info@dazenelevator.com to get a free quote for your project.
