Mexico Elevator Motors Market Size & Outlook, 2025-2033

Mexico Elevator Motors Market Highlights

According to Market Strides analysis, the Mexico Elevator Motors Market size was USD 265 Million in 2024 and is projected to reach USD 371.80 Million by 2033.
The Mexico market is projected to grow at a CAGR of 3.75% between 2025 and 2033.
By segment, AC Motors emerged as the largest By Type in terms of market size in 2024.
AC Motors is anticipated to remain the most attractive By Type segment, recording the fastest growth during the forecast period.

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

Mexico contributed 2.29% to the global Elevator Motors Market size in 2024.
By 2033, United States is forecasted to remain the largest global market for Elevator Motors Market.
In LATAM, Brazil is projected to capture the leading share of market by 2033.
Among LATAM markets, Argentina is expected to post the fastest growth, reaching USD 1063.95 Million by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 265 Million
Market Size In 2033	USD 371.80 Million
Largest segment	AC Motors
Units	Revenue in USD Million
CAGR	3.75% (2025-2033)
Segmnetation Covered
By Type	AC Motors DC Motors Gearless Motors Geared Motors
Application	Residential Commercial Industrial Infrastructure
Control System	Manual Control Automatic Control Smart Control
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Mexico Elevator Motors Market By Type 2025-2033 (USD Million)

By Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
AC Motors	XX.x	XX.x	XX.x	122.24	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
DC Motors	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Gearless Motors	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Geared Motors	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Elevator Motors Market Application 2025-2033 (USD Million)

Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Residential	XX.x	XX.x	XX.x	110.19	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Industrial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Infrastructure	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Elevator Motors Market Control System 2025-2033 (USD Million)

Control System	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Manual Control	XX.x	XX.x	XX.x	126.94	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Automatic Control	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Smart Control	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.