Market Overview:
The global construction elevators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction elevators in residential, commercial, and industrial construction applications. In terms of type, the market is segmented into below 2 ton, 2-3 ton, and above 3 ton segments. The below 2 ton segment is expected to account for a major share of the global construction elevators market during the forecast period owing to its low installation and operational costs as compared to other types of construction elevators. In terms of application, the residential construction segment is expected to account for a major share of the global market duringthe forecast period owingtoits growing demand from developing countries such as China and India.S.
Product Definition:
A construction elevator is a type of elevator that is used in the construction industry. It is typically used to move materials and equipment between floors.
Below 2 ton:
Below 2 ton is the weight of the loaded elevator car. It's important to know that there is a limit to how much weight can be lifted by any given elevator machine. The limit depends on its type and capacity.
2-3 ton:
Construction elevators are used to lift materials and people between the floors of a building. They are widely used in residential, commercial, and industrial buildings. Elevator systems can be open or closed system with both types being widely employed currently. The most common type of elevator is the closed system which consists of a car that is mounted on rails with wheels at the bottom that rest on the platform and another set of wheels at the top which engage with pins or tracks located in walls.
Application Insights:
The industrial construction segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing demand from manufacturing sectors across various countries. Industrial construction includes warehousing, distribution centers, processing facilities and other heavy-duty structures. These buildings require a high number of elevators as they are used to transport materials up and down from storage floors to production floors.
Commercial constructions make use of both residential & non-residential components such as offices, showrooms or malls which need a large number of constructions at different locations with different requirements for space utilization and building aesthetics respectively. This has led to an increased requirement for commercial constructions that include office spaces along with their supporting infrastructure such as parking lots & washrooms etcetera making it one of the major end uses in commercial real estate development globally thus fueling product demand across this sector globally over the forecast period (see table below).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant growth in recent years owing to rapid urbanization, which has resulted in increased demand for commercial and industrial space. In addition, rising population coupled with increasing disposable income will drive construction activities across this region, thereby driving the demand for construction elevators.
The Asia Pacific regional market includes China, India, Japan and South Korea among other countries. China is anticipated to dominate this regional market over the forecast period owing to a large number of elevators being installed across various verticals including residential buildings as well as industrial facilities during that time span.
Growth Factors:
- Increasing demand for construction elevators from the commercial and residential sectors due to the growing population and rapid urbanization.
- Elevators offer a faster, safer, and more efficient way to move people or goods between floors in a construction site, which is driving their adoption over traditional methods such as ladders or scaffolds.
- The increasing use of construction elevators in green building projects as they help conserve energy by reducing the need for manual labor and equipment movement on the site.
- Growing awareness about safety regulations governing the use of construction elevators is helping to boost their demand among builders and contractors worldwide.
- Technological advancements that are making construction elevators more reliable, efficient, and user-friendly are contributing to their growth in popularity across various markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Elevators Market Research Report
By Type
Below 2 ton, 2-3 ton, Above 3 ton
By Application
Residential Construction, Commercial Construction, Industrial Construction
By Companies
Alimak Hek Group AB, GEDA, STROS, Delta Elevator Co Ltd, Böcker, Pega-Hoist, Fraco, Anka Hoist, XL Industries, GJJ, Shandong Dahan Construction Machinery, Hongda Construction, Fangyuan, Guangxi Construction, SYS, Zhejiang Construction Machinery Group
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 Construction Elevators Market Report Segments:
The global Construction Elevators market is segmented on the basis of:
Types
Below 2 ton, 2-3 ton, Above 3 ton
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 Construction, Commercial Construction, Industrial Construction
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:
- Alimak Hek Group AB
- GEDA
- STROS
- Delta Elevator Co Ltd
- Böcker
- Pega-Hoist
- Fraco
- Anka Hoist
- XL Industries
- GJJ
- Shandong Dahan Construction Machinery
- Hongda Construction
- Fangyuan
- Guangxi Construction
- SYS
- Zhejiang Construction Machinery Group
Highlights of The Construction Elevators 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:
- Below 2 ton
- 2-3 ton
- Above 3 ton
- By Application:
- Residential Construction
- Commercial Construction
- Industrial Construction
- 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 Construction Elevators 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?
Construction elevators are used to move materials and equipment up or down a construction site. They can be either manual or automatic.
Some of the major players in the construction elevators market are Alimak Hek Group AB, GEDA, STROS, Delta Elevator Co Ltd, B¶cker, Pega-Hoist, Fraco, Anka Hoist, XL Industries, GJJ, Shandong Dahan Construction Machinery, Hongda Construction, Fangyuan, Guangxi Construction, SYS, Zhejiang Construction Machinery Group.
The construction elevators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Elevators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Elevators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Elevators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Elevators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Elevators Market Size & Forecast, 2020-2028
4.5.1 Construction Elevators Market Size and Y-o-Y Growth
4.5.2 Construction Elevators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 2 ton
5.2.2 2-3 ton
5.2.3 Above 3 ton
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Construction
6.2.2 Commercial Construction
6.2.3 Industrial Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Elevators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Elevators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 2 ton
9.6.2 2-3 ton
9.6.3 Above 3 ton
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Construction
9.10.2 Commercial Construction
9.10.3 Industrial Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 2 ton
10.6.2 2-3 ton
10.6.3 Above 3 ton
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Construction
10.10.2 Commercial Construction
10.10.3 Industrial Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 2 ton
11.6.2 2-3 ton
11.6.3 Above 3 ton
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Construction
11.10.2 Commercial Construction
11.10.3 Industrial Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 2 ton
12.6.2 2-3 ton
12.6.3 Above 3 ton
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Construction
12.10.2 Commercial Construction
12.10.3 Industrial Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 2 ton
13.6.2 2-3 ton
13.6.3 Above 3 ton
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Construction
13.10.2 Commercial Construction
13.10.3 Industrial Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Elevators Market: Competitive Dashboard
14.2 Global Construction Elevators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alimak Hek Group AB
14.3.2 GEDA
14.3.3 STROS
14.3.4 Delta Elevator Co Ltd
14.3.5 Böcker
14.3.6 Pega-Hoist
14.3.7 Fraco
14.3.8 Anka Hoist
14.3.9 XL Industries
14.3.10 GJJ
14.3.11 Shandong Dahan Construction Machinery
14.3.12 Hongda Construction
14.3.13 Fangyuan
14.3.14 Guangxi Construction
14.3.15 SYS
14.3.16 Zhejiang Construction Machinery Group
