Market Overview:
The global eco-friendly lifts market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of using eco-friendly lifts and the rising demand for energy-efficient and hybrid lifts. The global eco-friendly lift market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into energy efficient lifts, hybrid lifts, and electric lifts. Of these, electric lift systems are expected to account for a major share in terms of revenue in 2018 owing to their high efficiency levels as compared to other types of lift systems available in the market. On the basis of application, commercial buildings are expected to account for a major share in terms of revenue generated by eco-friendly lift systems during 2018 owing to their growing popularity among businesses across different industries worldwide.
Product Definition:
An eco-friendly lift is a type of elevator that is powered by clean energy sources, such as solar or wind power. These lifts are important because they help reduce the amount of pollution and greenhouse gases that are produced each year.
Energy:
Energy is the ability or power to do work. It can be used in various forms including electrical, thermal, mechanical and chemical. The most common form of energy that we use is electricity which can be used for lift operations as well as transportation purposes. Lift manufacturers are focusing on developing eco-friendly products with minimum environmental impact considering the current carbon footprint of their products and services.
Hybrid:
Hybrid Electric Vehicle (HEV) is a vehicle that uses more than one source of power to run. It can be powered by electricity like most conventional vehicles or by the combination of gasoline and electric power. The major factor driving the growth for hybrid electric vehicles is government initiatives towards reducing carbon emissions from automobiles, which results in lowering harmful air pollution around us.
The global hybrid electric lift market size was valued at USD 2,708 million in 2016.
Application Insights:
The commercial application segment led the global eco-friendly lifts market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to rising investments by public infrastructure bodies in order to meet growing demand for passenger transport services owing to increasing disposable income levels coupled with rapid urbanization trends across developing countries including China, India, Brazil and Mexico is expected to boost product demand over the next seven years.
Residential application accounted for 29.3% share of the overall revenue in 2017 owing to increased spending on home remodeling projects that include installation of high-tech products such as smart lighting systems, thermostats and security systems which are compatible with eco-friendly lift solutions thus resulting in higher adoption rate among residential consumers globally.
The others segment includes healthcare facilities, office buildings.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of buildings, thereby driving the demand for eco-friendly lifts. In addition, rising disposable income levels and growing population are likely to contribute to regional growth.
The Asia Pacific regional market is anticipated to be driven by China owing to its large construction industry coupled with a rapidly expanding transportation sector that includes elevators and escalators. Moreover, India’s infrastructure sector is one of the key areas identified for investment by foreign investors due to significant government spending on transport facilities such as roads and railways over the past few years. This factor is projected to have a positive impact on product sales over the next eight years or so as most manufacturers are focusing on developing products that comply with these standards rather than trying out innovative technologies (Erickson & Haughton 2016).
Growth Factors:
- Increasing awareness about the benefits of eco-friendly lifts among consumers
- Rising demand for energy-efficient and environment-friendly products across the globe
- Proliferation of green construction projects, which is expected to drive the demand for eco-friendly lifts in the near future
- Growing inclination of businesses towards installing energy efficient and environment friendly equipment in their premises
- Technological advancements that are aimed at improving the efficiency and performance of eco-friendly lifts
Scope Of The Report
Report Attributes
Report Details
Report Title
Eco-Friendly Lifts Market Research Report
By Type
Energy, Hybrid, Electric
By Application
Commercial, Residential, Others
By Companies
Terex, Schindler, ThyssenKrupp Elevator, FUJITEC, Hyundai Elevator
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Eco-Friendly Lifts Market Report Segments:
The global Eco-Friendly Lifts market is segmented on the basis of:
Types
Energy, Hybrid, Electric
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Terex
- Schindler
- ThyssenKrupp Elevator
- FUJITEC
- Hyundai Elevator
Highlights of The Eco-Friendly Lifts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Energy
- Hybrid
- Electric
- By Application:
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eco-Friendly Lifts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eco-friendly lifts are those that use less energy and produce less pollution than traditional lifts. They can also be more efficient in terms of the amount of time it takes to move people up and down a shaft.
Some of the key players operating in the eco-friendly lifts market are Terex, Schindler, ThyssenKrupp Elevator, FUJITEC, Hyundai Elevator.
The eco-friendly lifts market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Eco-Friendly Lifts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Eco-Friendly Lifts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Eco-Friendly Lifts Market - Supply Chain
4.5. Global Eco-Friendly Lifts Market Forecast
4.5.1. Eco-Friendly Lifts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Eco-Friendly Lifts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Eco-Friendly Lifts Market Absolute $ Opportunity
5. Global Eco-Friendly Lifts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Eco-Friendly Lifts Market Size and Volume Forecast by Type
5.3.1. Energy
5.3.2. Hybrid
5.3.3. Electric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Eco-Friendly Lifts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Eco-Friendly Lifts Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Eco-Friendly Lifts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Eco-Friendly Lifts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Eco-Friendly Lifts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Eco-Friendly Lifts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Eco-Friendly Lifts Demand Share Forecast, 2019-2026
9. North America Eco-Friendly Lifts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Eco-Friendly Lifts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Eco-Friendly Lifts Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Eco-Friendly Lifts Market Size and Volume Forecast by Type
9.7.1. Energy
9.7.2. Hybrid
9.7.3. Electric
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Eco-Friendly Lifts Demand Share Forecast, 2019-2026
10. Latin America Eco-Friendly Lifts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Eco-Friendly Lifts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Eco-Friendly Lifts Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Eco-Friendly Lifts Market Size and Volume Forecast by Type
10.7.1. Energy
10.7.2. Hybrid
10.7.3. Electric
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Eco-Friendly Lifts Demand Share Forecast, 2019-2026
11. Europe Eco-Friendly Lifts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Eco-Friendly Lifts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Eco-Friendly Lifts Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Eco-Friendly Lifts Market Size and Volume Forecast by Type
11.7.1. Energy
11.7.2. Hybrid
11.7.3. Electric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Eco-Friendly Lifts Demand Share, 2019-2026
12. Asia Pacific Eco-Friendly Lifts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Eco-Friendly Lifts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Eco-Friendly Lifts Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Eco-Friendly Lifts Market Size and Volume Forecast by Type
12.7.1. Energy
12.7.2. Hybrid
12.7.3. Electric
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Eco-Friendly Lifts Demand Share, 2019-2026
13. Middle East & Africa Eco-Friendly Lifts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Eco-Friendly Lifts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Eco-Friendly Lifts Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Eco-Friendly Lifts Market Size and Volume Forecast by Type
13.7.1. Energy
13.7.2. Hybrid
13.7.3. Electric
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Eco-Friendly Lifts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Eco-Friendly Lifts Market: Market Share Analysis
14.2. Eco-Friendly Lifts Distributors and Customers
14.3. Eco-Friendly Lifts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Terex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schindler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ThyssenKrupp Elevator
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FUJITEC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyundai Elevator
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
