The global elevator and escalator market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for elevators and escalators in various applications such as commercial, residential, transportation, hospital, parking building etc The increasing population coupled with urbanization has led to an increase in the demand for elevators and escalators. Moreover, technological advancements have led to better safety features which are driving the growth of this market.
The global elevator and escalator market by type is segmented into elevator and escalator. The elevator segment accounted for a share of over 80% in 2017 owing to its wide application across various industries such as commercial buildings, hospitals etc, whereas the escalator segment accounted for a share of less than 20%. Escalators are mainly used in public places such as malls or airports where there is heavy footfall due to their low cost per unit area compared with elevators which are more expensive per unit area but offer higher capacity than an escalator.
The global elevator & escalator market by application includes commercial buildings (retail stores), hotels (hotels), retail (shopping malls), residential (apartments), transportation (metro stations) hospital parking building etc, whereas it excludes other applications such as industrial buildings or educational institutions).
Some Of The Growth Factors Of This Market:
- The global population is expected to grow by 2 billion people by 2050, which will increase the demand for more buildings and infrastructure.
- The world's urban population is expected to grow from 3.6 billion in 2015 to 6.4 billion in 2050, which will increase the demand for more buildings and infrastructure that require elevators and escalators as a means of transportation between floors or levels of a building or between buildings on a campus or business park.
- Elevator & Escalator market growth factors include an aging population with an increasing need for mobility assistance devices such as elevators and escalators, which are used by those who cannot use stairs due to age-related disabilities such as arthritis, osteoporosis, heart disease, obesity or other conditions that make it difficult to climb stairs without assistance; this segment of the population is expected to grow from 1 billion in 2015 to 2 billion in 2050.
- Elevator & Escalator market growth factors include increased urbanization rates around the world.
Industry Growth Insights published a new data on “Elevator & Escalator Market”. The research report is titled “Elevator & Escalator Market research by Types (Elevator, Escalator), By Applications (Commercial, Hotels, Retail, Residential, Transportation, Hospital, Parking Building), By Players/Companies Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Omega, Hitachi, Hyundai, Otis, Bharat Bijlee, Yungtay Engineering, Zhejiang Meilun Elevator, Volkslift, Suzhou Diao, Canny Elevator, Ningbo Xinda Group, Dongnan Elevator, SJEC, SANYO”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator & Escalator Market Research Report
By Type
Elevator, Escalator
By Application
Commercial, Hotels, Retail, Residential, Transportation, Hospital, Parking Building
By Companies
Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Omega, Hitachi, Hyundai, Otis, Bharat Bijlee, Yungtay Engineering, Zhejiang Meilun Elevator, Volkslift, Suzhou Diao, Canny Elevator, Ningbo Xinda Group, Dongnan Elevator, SJEC, SANYO
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Elevator & Escalator Market Report Segments:
The global Elevator & Escalator market is segmented on the basis of:
Types
Elevator, Escalator
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, Hotels, Retail, Residential, Transportation, Hospital, Parking Building
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:
- Schindler
- ThyssenKrupp
- Mitsubishi
- Kone Elevator
- Fujitec
- Omega
- Hitachi
- Hyundai
- Otis
- Bharat Bijlee
- Yungtay Engineering
- Zhejiang Meilun Elevator
- Volkslift
- Suzhou Diao
- Canny Elevator
- Ningbo Xinda Group
- Dongnan Elevator
- SJEC
- SANYO
Highlights of The Elevator & 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
- Escalator
- By Application:
- Commercial
- Hotels
- Retail
- Residential
- Transportation
- Hospital
- Parking Building
- 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 & 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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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 distance.
Some of the key players operating in the elevator & escalator market are Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Omega, Hitachi, Hyundai, Otis, Bharat Bijlee, Yungtay Engineering, Zhejiang Meilun Elevator, Volkslift, Suzhou Diao, Canny Elevator, Ningbo Xinda Group, Dongnan Elevator, SJEC, SANYO.
The elevator & escalator market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elevator & 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 & 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 & Escalator Market - Supply Chain
4.5. Global Elevator & Escalator Market Forecast
4.5.1. Elevator & Escalator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elevator & Escalator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elevator & Escalator Market Absolute $ Opportunity
5. Global Elevator & 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 & Escalator Market Size and Volume Forecast by Type
5.3.1. Elevator
5.3.2. Escalator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elevator & 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 & Escalator Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Hotels
6.3.3. Retail
6.3.4. Residential
6.3.5. Transportation
6.3.6. Hospital
6.3.7. Parking Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elevator & 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 & 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 & 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 & 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 & Escalator Demand Share Forecast, 2019-2026
9. North America Elevator & 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 & 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 & Escalator Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Hotels
9.4.3. Retail
9.4.4. Residential
9.4.5. Transportation
9.4.6. Hospital
9.4.7. Parking Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elevator & Escalator Market Size and Volume Forecast by Type
9.7.1. Elevator
9.7.2. Escalator
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 & Escalator Demand Share Forecast, 2019-2026
10. Latin America Elevator & 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 & 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 & Escalator Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Hotels
10.4.3. Retail
10.4.4. Residential
10.4.5. Transportation
10.4.6. Hospital
10.4.7. Parking Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elevator & Escalator Market Size and Volume Forecast by Type
10.7.1. Elevator
10.7.2. Escalator
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 & Escalator Demand Share Forecast, 2019-2026
11. Europe Elevator & 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 & 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 & Escalator Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Hotels
11.4.3. Retail
11.4.4. Residential
11.4.5. Transportation
11.4.6. Hospital
11.4.7. Parking Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elevator & Escalator Market Size and Volume Forecast by Type
11.7.1. Elevator
11.7.2. Escalator
11.8. Basis PointShare (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 & Escalator Demand Share, 2019-2026
12. Asia Pacific Elevator & 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 & 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 & Escalator Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Hotels
12.4.3. Retail
12.4.4. Residential
12.4.5. Transportation
12.4.6. Hospital
12.4.7. Parking Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elevator & Escalator Market Size and Volume Forecast by Type
12.7.1. Elevator
12.7.2. Escalator
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 & Escalator Demand Share, 2019-2026
13. Middle East & Africa Elevator & 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 & 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 & Escalator Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Hotels
13.4.3. Retail
13.4.4. Residential
13.4.5. Transportation
13.4.6. Hospital
13.4.7. Parking Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elevator & Escalator Market Size and Volume Forecast by Type
13.7.1. Elevator
13.7.2. Escalator
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 & Escalator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elevator & Escalator Market: Market Share Analysis
14.2. Elevator & Escalator Distributors and Customers
14.3. Elevator & Escalator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schindler
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ThyssenKrupp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi
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 Elevator
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujitec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omega
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. Hyundai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Otis
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bharat Bijlee
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Yungtay Engineering
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhejiang Meilun Elevator
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Volkslift
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Suzhou Diao
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Canny Elevator
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ningbo Xinda Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dongnan Elevator
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. SJEC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SANYO
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
