Market Overview:
The global elevator and escalator market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elevators and escalators in residential, commercial office, transportation hub area, and industrial areas. Additionally, the growing awareness about safety norms is also propelling the growth of this market. However, factors such as high installation cost and lack of skilled labor are restraining the growth of this market. The elevator segment is expected to dominate the global elevator and escalator market during the forecast period owing to its increasing demand in residential areas across different regions.
Product Definition:
An elevator is a type of vertical transportation that moves people or goods between floors of a building. An escalator is a moving staircase, usually found in department stores and other large public buildings, that carries people up or down the face of a slope.
Elevator (Vertical):
The vertical elevator is a type of elevator that has the ability to move vertically. It can be used in buildings with floors above ground level, for moving goods and people up and down within the building structure. The vertical elevators are widely used in office buildings, residential complexes, hospitals & clinics among others owing to their numerous benefits such as compact size, lesser weight carrying capacity of each unit load (person or goods), less power consumption rate per passenger/tonnage etc.
Escalator:
Escalator is a device, which consists of one or more steps that are used in elevators and escalators. It helps in moving people from one level to another step by step. Escalator can be manual as well as automatic.
Application Insights:
The residential area segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization due to rising population, which has resulted in increased demand for residential buildings and complexes. Furthermore, government initiatives such as affordable housing schemes are expected to drive the product demand further.
Commercial office area is one of the prominent application areas where these products are used extensively owing to growing business activities across various end-use industries such as IT/Telecom, BFSI, Retail etc., which have resulted in an increased number of commercial offices construction projects across regions including North America and Europe Pacific. In addition, technological advancements that result in reduced printing costs coupled with high paper consumption rates have positively influenced market growth over recent years globally since 2015 when digital printing technology was introduced into industry practices by major players like HP Inc., Koninklijke Epson Ltd., Océ Inc.
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 growth in population, especially in China and India. This has led to an increase in demand for improved public transportation facilities, thereby driving the need for elevators and escalators across numerous commercial buildings, residential complexes, educational institutions as well as industrial areas.
Europe accounted for a significant share of revenue generated by Asia Pacific owing to increased focus on improving public transportation facilities coupled with growing emphasis on reducing carbon footprint associated with air travel by introducing innovative technologies such as moving walkways at airports which are anticipated to propel industry growth over the next eight years.
Growth Factors:
- Elevator and Escalator market is growing with the increasing demand for transportation in the commercial and residential sector.
- The modernization of infrastructure is also fueling the growth of Elevator and Escalator market.
- Growing urbanization has resulted in an increase in the number of high-rise buildings, which is driving the demand for elevators and escalators.
- Rapid industrialization across emerging economies is providing opportunities for growth in Elevator and Escalator market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator and Escalator Market Research Report
By Type
Elevator (Vertical), Escalator, Moving Walkway
By Application
Residential Area, Commercial Office, Transportation Hub Area, Industrial Area
By Companies
Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, Hyundai, Yungtay Engineering, Canny Elevator, Volkslift, Syney Elevator, Sicher Elevator, SJEC, Guangri Elevator, Hangzhou XiOlift, Edunburgh Elevator, Suzhou Diao, CNYD, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Elevator and Escalator Market Report Segments:
The global Elevator and Escalator market is segmented on the basis of:
Types
Elevator (Vertical), Escalator, Moving Walkway
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
Residential Area, Commercial Office, Transportation Hub Area, Industrial Area
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:
- Otis
- Schindler Group
- ThyssenKrupp
- Kone
- Mitsubishi Electric
- Toshiba
- Hitachi
- Fujitec
- Hyundai
- Yungtay Engineering
- Canny Elevator
- Volkslift
- Syney Elevator
- Sicher Elevator
- SJEC
- Guangri Elevator
- Hangzhou XiOlift
- Edunburgh Elevator
- Suzhou Diao
- CNYD
- Meilun Elevator
- IFE Elevators
- Joylive Elevator
- Dongnan Elevator
Highlights of The Elevator and Escalator 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:
- Elevator (Vertical)
- Escalator
- Moving Walkway
- By Application:
- Residential Area
- Commercial Office
- Transportation Hub Area
- Industrial Area
- 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 Elevator and Escalator 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.
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- Correctly Positioning New Products
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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?
Elevator and escalator are two types of transportation that move people up or down a vertical shaft.
Some of the major companies in the elevator and escalator market are Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, Hyundai, Yungtay Engineering, Canny Elevator, Volkslift, Syney Elevator, Sicher Elevator, SJEC, Guangri Elevator, Hangzhou XiOlift, Edunburgh Elevator, Suzhou Diao, CNYD, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan Elevator.
The elevator and escalator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elevator and Escalator 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. Elevator and Escalator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Elevator and Escalator Market - Supply Chain
4.5. Global Elevator and Escalator Market Forecast
4.5.1. Elevator and Escalator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elevator and Escalator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elevator and Escalator Market Absolute $ Opportunity
5. Global Elevator and Escalator 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. Elevator and Escalator Market Size and Volume Forecast by Type
5.3.1. Elevator (Vertical)
5.3.2. Escalator
5.3.3. Moving Walkway
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elevator and Escalator 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. Elevator and Escalator Market Size and Volume Forecast by Application
6.3.1. Residential Area
6.3.2. Commercial Office
6.3.3. Transportation Hub Area
6.3.4. Industrial Area
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elevator and Escalator 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. Elevator and Escalator 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 Elevator and Escalator 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. Elevator and Escalator 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 Elevator and Escalator Demand Share Forecast, 2019-2026
9. North America Elevator and Escalator 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 Elevator and Escalator 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 Elevator and Escalator Market Size and Volume Forecast by Application
9.4.1. Residential Area
9.4.2. Commercial Office
9.4.3. Transportation Hub Area
9.4.4. Industrial Area
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elevator and Escalator Market Size and Volume Forecast by Type
9.7.1. Elevator (Vertical)
9.7.2. Escalator
9.7.3. Moving Walkway
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 Elevator and Escalator Demand Share Forecast, 2019-2026
10. Latin America Elevator and Escalator 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 Elevator and Escalator 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 Elevator and Escalator Market Size and Volume Forecast by Application
10.4.1. Residential Area
10.4.2. Commercial Office
10.4.3. Transportation Hub Area
10.4.4. Industrial Area
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elevator and Escalator Market Size and Volume Forecast by Type
10.7.1. Elevator (Vertical)
10.7.2. Escalator
10.7.3. Moving Walkway
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 Elevator and Escalator Demand Share Forecast, 2019-2026
11. Europe Elevator and Escalator 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 Elevator and Escalator 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 Elevator and Escalator Market Size and Volume Forecast by Application
11.4.1. Residential Area
11.4.2. Commercial Office
11.4.3. Transportation Hub Area
11.4.4. Industrial Area
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elevator and Escalator Market Size and Volume Forecast by Type
11.7.1. Elevator (Vertical)
11.7.2. Escalator
11.7.3. Moving Walkway
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 Elevator and Escalator Demand Share, 2019-2026
12. Asia Pacific Elevator and Escalator 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 Elevator and Escalator 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 Elevator and Escalator Market Size and Volume Forecast by Application
12.4.1. Residential Area
12.4.2. Commercial Office
12.4.3. Transportation Hub Area
12.4.4. Industrial Area
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elevator and Escalator Market Size and Volume Forecast by Type
12.7.1. Elevator (Vertical)
12.7.2. Escalator
12.7.3. Moving Walkway
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 Elevator and Escalator Demand Share, 2019-2026
13. Middle East & Africa Elevator and Escalator 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 Elevator and Escalator 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 Elevator and Escalator Market Size and Volume Forecast by Application
13.4.1. Residential Area
13.4.2. Commercial Office
13.4.3. Transportation Hub Area
13.4.4. Industrial Area
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elevator and Escalator Market Size and Volume Forecast by Type
13.7.1. Elevator (Vertical)
13.7.2. Escalator
13.7.3. Moving Walkway
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 Elevator and Escalator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elevator and Escalator Market: Market Share Analysis
14.2. Elevator and Escalator Distributors and Customers
14.3. Elevator and Escalator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Otis
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 Group
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kone
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Toshiba
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fujitec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yungtay Engineering
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Canny Elevator
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volkslift
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Syney Elevator
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sicher Elevator
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SJEC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Guangri Elevator
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hangzhou XiOlift
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Edunburgh Elevator
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Suzhou Diao
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. CNYD
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
