Elevator and Escalator Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Elevator and Escalator Market: By Type (Elevators (passenger, freight, single, and double deck elevators), Escalator and Moving walkways), By Service (New installation, Maintenance & repair and Modernization), By End User (Residential, Commercial, Institutional, Infrastructure and Others) and Geography

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Report

Description

The global elevator and escalator market size is valued at USD X mn in 2021 and is poised to grow with a CAGR of X% over 2022-2028. Improvements in the construction industry, rapid urbanization and industrialization across developing countries, increased focus on reducing overall energy consumption levels, awareness about the need for energy-efficient residential elevators, proactive maintenance & modernization of equipment, increasing shift towards environmentally friendly products, and rising investment in commercial and residential infrastructure are some key factors fostering the market growth. However, factors such as uncertainty & risk around the global economy, compliance with standards and regulations, and high maintenance costs are inhibiting the market growth. In addition, the development of advanced technologies and the adoption of green building codes and energy-efficient products provide huge growth opportunities for the market. The global elevator and escalator market is surging owing to strategic alliances by key players for elevator and escalators to meet the demands of the customers in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global elevator and escalator market report include suppliers, manufacturers, marketers, policymakers, and service providers engaged in global elevator and escalator products. For instance, In 2018, KONE acquired the service and repair business of Heartland Elevator LLC. This is further expected to strengthen the domestic operations of KONE in the Dallas Metropolitan area.

Key Development :

In January 2022, 3Phase Elevator and Specialized Elevator Services Holdings inked an merger agreement to create largest nationwide independent union elevator services company in the United States

In December 2017, Hitachi launched its new TX Series escalator for India, Asia and the Middle East that have a functional design that adapts to the unconscious movements of users

Elevator and Escalator Market

MARKET SUMMARY
-
X%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– X%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Elevator and Escalator Market

  • The gobal elevator and escalator market report gives comprehensive outlook on elevator and escalator across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
  • The report on global elevator and escalator market gives historical, current, and future market sizes (US$ Mn) on the basis of type, service, end user and region.
  • This report studies global elevator and escalator market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
Market Key Players
  • Fujitec Co. Ltd.
  • Hitachi, Ltd.
  • Orona Group
  • Otis Elevator Company
  • Schindler Group
  • ThyssenKrupp AG
  • Toshiba Corporation
Growth

Elevator and Escalator Market

Elevators segment accounted for larger revenue share in global elevator and escalator market with a CAGR of XX% and is expected to grow over the forecast years. Elevators or lifts are vertical transportation compartments housed in a shaft or platform for lowering and raising people or materials between floors or levels. Presence of elevators in the market has left unlimited scope for architects and construction houses to create buildings. They are generally motivated by electric motors that power counterbalance systems and traction cables or pump hydraulic fluid to elevate a cylindrical system. Majority of the multistoried buildings have lifts in order to allow ease of travel and wheelchair access laws. Ever-growing need for high-rise accommodation to deal with growing population will continue to drive the elevator segment.


Europe got significant share

Elevator and Escalator Market

Europe accounted for larger revenue share in global elevator and escalator market with a CAGR of XX% and is expected to grow over the forecast years. The increasing number of high-rise buildings in countries such as Germany that drive the growth of the construction industry and the growing popularity of smart elevators will be major factors driving the growth of the lift and escalator market in this region. Asia Pacific held substantial market share during estimated period owing to increasing demand from the key economies and emerging areas, such as India and South East Asia. China has significantly contributed to the growth of the market revenue and holds the major market share.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global elevator and escalator market expanding at significant CAGR over 2022 to 2028 owing to awareness about the need for energy-efficient residential elevators
  • Based on region, Europe accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global elevator and escalator market

Key

Key Features of the Report

Elevator and Escalator Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Global Elevator and Escalator Market Introduction
    • Global Elevator and Escalator Market – Taxonomy
    • Global Elevator and Escalator Market –Definitions
      • Type
      • Service
      • End User
  3. Global Elevator and Escalator Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Elevator and Escalator Market Dynamic Factors – Impact Analysis
    • Global Elevator and Escalator Market – Competition Landscape
  4. Global Elevator and Escalator Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis,2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Elevator and Escalator Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Elevators (passenger, freight, single, and double deck elevators)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Escalator
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Moving walkways
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Elevator and Escalator Market, By Service, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • New installation
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Maintenance & repair
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Modernization
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Elevator and Escalator Market, By End User, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Residential
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Institutional
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Infrastructure
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others (industrial and marine industry)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Elevator and Escalator Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User and Region, 2020 – 2026
  2. North America Elevator and Escalator Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Elevators (passenger, freight, single, and double deck elevators)
      • Escalator
      • Moving walkways
    • Service Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • New installation
      • Maintenance & repair
      • Modernization
    • End User Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Institutional
      • Infrastructure
      • Others (industrial and marine industry)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User and Country, 2020 – 2026
    • North America Elevator and Escalator Market Dynamics – Trends
  3. Europe Elevator and Escalator Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Elevators (passenger, freight, single, and double deck elevators)
      • Escalator
      • Moving walkways
    • Service Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • New installation
      • Maintenance & repair
      • Modernization
    • End User Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Institutional
      • Infrastructure
      • Others (industrial and marine industry)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Europe Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User and Country, 2020 – 2026
    • Europe Elevator and Escalator Market Dynamics – Trends
  4. Asia-Pacific Elevator and Escalator Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Elevators (passenger, freight, single, and double deck elevators)
      • Escalator
      • Moving walkways
    • Service Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • New installation
      • Maintenance & repair
      • Modernization
    • End User Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Institutional
      • Infrastructure
      • Others (industrial and marine industry)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • India
      • Australia & New Zealand
      • Rest of APAC
    • Asia-Pacific Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User and Country,2020 – 2026
    • Asia-Pacific Elevator and Escalator Market Dynamics – Trends
  5. Latin America Elevator and Escalator Market Analysis,2015 – 2019and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Elevators (passenger, freight, single, and double deck elevators)
      • Escalator
      • Moving walkways
    • Service Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • New installation
      • Maintenance & repair
      • Modernization
    • End User Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Institutional
      • Infrastructure
      • Others (industrial and marine industry)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Argentina
      • Mexico
      • Rest of LATAM
    • Latin America Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User and Country, 2020 – 2026
    • Latin America Elevator and Escalator Market Dynamics – Trends
  6. Middle East and Africa Elevator and Escalator Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Elevators (passenger, freight, single, and double deck elevators)
      • Escalator
      • Moving walkways
    • Service Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • New installation
      • Maintenance & repair
      • Modernization
    • End User Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Institutional
      • Infrastructure
      • Others (industrial and marine industry)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Turkey
      • GCC Countries
      • Rest of MEA
    • MEA Elevator and Escalator Market – Opportunity Analysis Index, By Type, Service, End User, and Country, 2020 – 2026
    • MEA Elevator and Escalator Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Service& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Fujitec Co. Ltd.
      • Hitachi, Ltd.
      • Hyundai Elevator Co., Ltd.
      • KONE Oyj
      • Mitsubishi Electric Corporation
      • Orona Group
      • Otis Elevator Company
      • Schindler Group
      • ThyssenKrupp AG
      • Toshiba Corporation
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.


Report

Company Profile

  • Fujitec Co. Ltd.
  • Hitachi, Ltd.
  • Hyundai Elevator Co., Ltd.
  • KONE Oyj
  • Mitsubishi Electric Corporation
  • Orona Group
  • Otis Elevator Company
  • Schindler Group
  • ThyssenKrupp AG
  • Toshiba Corporation

Description

The global elevator and escalator market size is valued at USD X mn in 2021 and is poised to grow with a CAGR of X% over 2022-2028. Improvements in the construction industry, rapid urbanization and industrialization across developing countries, increased focus on reducing overall energy consumption levels, awareness about the need for energy-efficient residential elevators, proactive maintenance & modernization of equipment, increasing shift towards environmentally friendly products, and rising investment in commercial and residential infrastructure are some key factors fostering the market growth. However, factors such as uncertainty & risk around the global economy, compliance with standards and regulations, and high maintenance costs are inhibiting the market growth. In addition, the development of advanced technologies and the adoption of green building codes and energy-efficient products provide huge growth opportunities for the market. The global elevator and escalator market is surging owing to strategic alliances by key players for elevator and escalators to meet the demands of the customers in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global elevator and escalator market report include suppliers, manufacturers, marketers, policymakers, and service providers engaged in global elevator and escalator products. For instance, In 2018, KONE acquired the service and repair business of Heartland Elevator LLC. This is further expected to strengthen the domestic operations of KONE in the Dallas Metropolitan area.

Key Development :

In January 2022, 3Phase Elevator and Specialized Elevator Services Holdings inked an merger agreement to create largest nationwide independent union elevator services company in the United States

In December 2017, Hitachi launched its new TX Series escalator for India, Asia and the Middle East that have a functional design that adapts to the unconscious movements of users

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX