Market Overview:
The global electric 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 electric elevators and escalators in residential and commercial buildings. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe.
Product Definition:
An electric elevator or escalator is a type of transportation device used to move people or goods between floors of a building. Electric elevators and escalators are important because they make it easy for people to move between floors, which makes the buildings easier to use.
Elevator:
ELEVator is the shortened form of the word Elevator and it's used to refer to any device, which moves people or goods vertically between floors of a building. In most cases, this device consists of a rail-based system that holds onto chains or ropes for moving along. Some elevators have hydraulic rams in place of cables for raising and lowering vehicles; these are known as hydraulic elevators.
Escalator:
Escalator is a device, which consists of one or more steps that are used for ascending and descending the stairs or a slope. Escalators can be manual, powered by electricity or automatic. The most common types of escalators in residential buildings and commercial places include moving walkaway type escalators and non-moving walkaway type escalators.
Application Insights:
The commercial buildings segment dominated the global electric elevator and escalator market, accounting for a revenue share of more than 60% in 2017. The growth can be attributed to the rapid expansion of shopping malls and complexes in developing countries such as China, India and Brazil. Furthermore, companies are focusing on providing energy-efficient products for residential building applications which is expected to drive demand over the forecast period.
The residential buildings segment is projected to witness significant growth over the forecast period owing to increasing urbanization resulting in rising real estate prices across various regions including North America, Europe and Asia Pacific. Rising consumer preference for high quality construction materials coupled with government initiatives promoting home ownership are likely to propel product demand globally over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing construction activities and growing population in key countries such as the U.S., Canada, and Mexico. Moreover, stringent government regulations regarding accessibility for people with disabilities are anticipated to drive demand for accessible elevators over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due high growth rate in China and India as a result of increased urbanization and industrialization across these countries which has led them adopting modern infrastructure including elevators & escalators at an accelerated pace compared with other developing nations such as Indonesia or Malaysia or Thailand etc.
Growth Factors:
- Increasing urbanization and growing demand for electric elevators and escalators in the developing countries.
- Rising income levels of the population, which is resulting in an increase in the number of high-rise buildings and luxury apartments, thereby leading to an increase in demand for electric elevators and escalators.
- Technological advancements such as energy-efficient electric elevators and escalators are helping to drive market growth.
- The increasing use of smart technology in elevator systems is also contributing to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Elevator and Escalator Market Research Report
By Type
Elevator, Escalator
By Application
Residential Buildings, Commercial Buildings
By Companies
Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Omega, Hitachi, Hyundai, Otis, Bharat Bijlee, Schindler, 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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Electric Elevator and Escalator Market Report Segments:
The global Electric Elevator and 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
Residential Buildings, Commercial Buildings
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
- Schindler
- Zhejiang Meilun Elevator
- Volkslift
- Suzhou Diao
- Canny Elevator
- Ningbo Xinda Group
- Dongnan Elevator
- SJEC
- SANYO
Highlights of The Electric 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
- Escalator
- By Application:
- Residential Buildings
- Commercial Buildings
- 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 Electric 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.
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?
Electric elevator and escalator are devices that move people up or down a vertical distance using an electric motor.
Some of the key players operating in the electric elevator and escalator market are Schindler, ThyssenKrupp, Mitsubishi, Kone Elevator, Fujitec, Omega, Hitachi, Hyundai, Otis, Bharat Bijlee, Schindler, Zhejiang Meilun Elevator, Volkslift, Suzhou Diao, Canny Elevator, Ningbo Xinda Group, Dongnan Elevator, SJEC, SANYO.
The electric elevator and escalator 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 Electric Elevator and Escalator 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 Electric Elevator and Escalator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Elevator and Escalator 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 Electric Elevator and Escalator 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 Electric Elevator and Escalator Market Size & Forecast, 2020-2028
4.5.1 Electric Elevator and Escalator Market Size and Y-o-Y Growth
4.5.2 Electric Elevator and Escalator 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 Elevator
5.2.2 Escalator
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 Buildings
6.2.2 Commercial Buildings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Elevator and Escalator 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 Electric Elevator and Escalator 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 Elevator
9.6.2 Escalator
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 Buildings
9.10.2 Commercial Buildings
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 Elevator
10.6.2 Escalator
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 Buildings
10.10.2 Commercial Buildings
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 Elevator
11.6.2 Escalator
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 Buildings
11.10.2 Commercial Buildings
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 Elevator
12.6.2 Escalator
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 Buildings
12.10.2 Commercial Buildings
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 Elevator
13.6.2 Escalator
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 Buildings
13.10.2 Commercial Buildings
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 Electric Elevator and Escalator Market: Competitive Dashboard
14.2 Global Electric Elevator and Escalator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schindler
14.3.2 ThyssenKrupp
14.3.3 Mitsubishi
14.3.4 Kone Elevator
14.3.5 Fujitec
14.3.6 Omega
14.3.7 Hitachi
14.3.8 Hyundai
14.3.9 Otis
14.3.10 Bharat Bijlee
14.3.11 Schindler
14.3.12 Zhejiang Meilun Elevator
14.3.13 Volkslift
14.3.14 Suzhou Diao
14.3.15 Canny Elevator
14.3.16 Ningbo Xinda Group
14.3.17 Dongnan Elevator
14.3.18 SJEC
14.3.19 SANYO
