The global elevator 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 in residential and commercial buildings, as well as transportation hubs. The residential area segment accounted for the largest share of the global elevator market in 2018, followed by commercial office buildings and transportation hubs. North America was the leading region for this market in 2018, followed by Europe and Asia Pacific.
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 housing and office space.
- The number of people living in urban areas is expected to increase from 54% in 2010 to 66% in 2050, which will also increase the demand for housing and office space.
- The world's aging population will require more medical care, which will lead to an increased need for hospitals and nursing homes that are located near residential areas where many elderly people live.
- As a result of climate change, some regions may experience flooding or drought that could lead to a shortage of food or water supply, which would also affect the demand for elevators as they are used as a means of transportation during emergencies such as these events.
- Increasing wealth around the world has led to an increased demand for luxury goods such as high-end cars and jewelry; this has led companies like BMW and Tiffany & Co., respectively, to invest heavily in elevator manufacturing facilities around the world.
Industry Growth Insights published a new data on “Elevator Market”. The research report is titled “Elevator Market research by Types (Elevator, Escalator, Moving Walkway), By Applications (Residential Area, Commercial Office, Transportation Hub, Industrial Area), By Players/Companies Kone, Hitachi, Otis, Mitsubishi Electric, Schindler, ThyssenKrupp, Canny Elevator, Toshiba, Fujitec, Volkslift, Syney Elevator, Sicher Elevator, Yungtay Engineering, SJEC, Guangri Elevator, Edunburgh Elevator, Suzhou Diao, Hangzhou XiOlift, Hyundai, CNYD, Meilun Elevator, IFE Elevators, Dongnan Elevator, Joylive Elevator”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Market Research Report
By Type
Elevator, Escalator, Moving Walkway
By Application
Residential Area, Commercial Office, Transportation Hub, Industrial Area
By Companies
Kone, Hitachi, Otis, Mitsubishi Electric, Schindler, ThyssenKrupp, Canny Elevator, Toshiba, Fujitec, Volkslift, Syney Elevator, Sicher Elevator, Yungtay Engineering, SJEC, Guangri Elevator, Edunburgh Elevator, Suzhou Diao, Hangzhou XiOlift, Hyundai, CNYD, Meilun Elevator, IFE Elevators, Dongnan Elevator, Joylive 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Market Report Segments:
The global Elevator market is segmented on the basis of:
Types
Elevator, 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, 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:
- Kone
- Hitachi
- Otis
- Mitsubishi Electric
- Schindler
- ThyssenKrupp
- Canny Elevator
- Toshiba
- Fujitec
- Volkslift
- Syney Elevator
- Sicher Elevator
- Yungtay Engineering
- SJEC
- Guangri Elevator
- Edunburgh Elevator
- Suzhou Diao
- Hangzhou XiOlift
- Hyundai
- CNYD
- Meilun Elevator
- IFE Elevators
- Dongnan Elevator
- Joylive Elevator
Highlights of The Elevator 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
- Moving Walkway
- By Application:
- Residential Area
- Commercial Office
- Transportation Hub
- 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 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
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- 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?
An elevator is a vertical transportation device that moves people between floors in a building.
Some of the key players operating in the elevator market are Kone, Hitachi, Otis, Mitsubishi Electric, Schindler, ThyssenKrupp, Canny Elevator, Toshiba, Fujitec, Volkslift, Syney Elevator, Sicher Elevator, Yungtay Engineering, SJEC, Guangri Elevator, Edunburgh Elevator, Suzhou Diao, Hangzhou XiOlift, Hyundai, CNYD, Meilun Elevator, IFE Elevators, Dongnan Elevator, Joylive Elevator.
The elevator market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elevator 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 Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Elevator Market - Supply Chain
4.5. Global Elevator Market Forecast
4.5.1. Elevator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elevator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elevator Market Absolute $ Opportunity
5. Global Elevator 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 Market Size and Volume Forecast by Type
5.3.1. Elevator
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 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 Market Size and Volume Forecast by Application
6.3.1. Residential Area
6.3.2. Commercial Office
6.3.3. Transportation Hub
6.3.4. Industrial Area
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elevator 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Elevator 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 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 Market Size and Volume Forecast by Application
9.4.1. Residential Area
9.4.2. Commercial Office
9.4.3. Transportation Hub
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 Market Size and Volume Forecast by Type
9.7.1. Elevator
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 Demand Share Forecast, 2019-2026
10. Latin America Elevator 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 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 Market Size and Volume Forecast by Application
10.4.1. Residential Area
10.4.2. Commercial Office
10.4.3. Transportation Hub
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 Market Size and Volume Forecast by Type
10.7.1. Elevator
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 Demand Share Forecast, 2019-2026
11. Europe Elevator 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 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 Market Size and Volume Forecast by Application
11.4.1. Residential Area
11.4.2. Commercial Office
11.4.3. Transportation Hub
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 Market Size and Volume Forecast by Type
11.7.1. Elevator
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 Demand Share, 2019-2026
12. Asia Pacific Elevator 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 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 Market Size and Volume Forecast by Application
12.4.1. Residential Area
12.4.2. Commercial Office
12.4.3. Transportation Hub
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 Market Size and Volume Forecast by Type
12.7.1. Elevator
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 Demand Share, 2019-2026
13. Middle East & Africa Elevator 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 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 Market Size and Volume Forecast by Application
13.4.1. Residential Area
13.4.2. Commercial Office
13.4.3. Transportation Hub
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 Market Size and Volume Forecast by Type
13.7.1. Elevator
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elevator Market: Market Share Analysis
14.2. Elevator Distributors and Customers
14.3. Elevator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kone
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Otis
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schindler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ThyssenKrupp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Canny Elevator
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fujitec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Volkslift
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Syney 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. Sicher 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. Yungtay Engineering
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SJEC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guangri 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. Edunburgh 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. Suzhou Diao
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hangzhou XiOlift
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hyundai
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