Market Overview:
The global elevator brakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for elevators and escalators in commercial and residential buildings, as well as the growing awareness about safety measures among consumers. The elevator brakes market is segmented on the basis of type into ERD series brakes, ER series brakes, ERS series brakes, FB series brakes, forklift brakes and WR series brake. The ERD Series Brakes segment is expected to hold the largest share of the global elevator brake market during the forecast period owing to its high performance and durability.
Product Definition:
Elevator brakes are a type of brake that is used to stop the movement of an elevator. Elevator brakes are important because they help to keep people safe while they are riding in an elevator.
ERD Series Brakes:
The global ERD series brakes market is expected to grow at a significant pace over the forecast period. The elevators are used in buildings and other structures for moving floors, freight, people and other equipment up & down. The braking system used in elevators consists of two independent brake systems operating on each side of the elevator shaft; one for ascending and another for descending purposes. These brakes are actuated by a control unit which receives signals from an electronic mechanism installed inside the elevator car.
ER Series Brakes:
The Electric Return Brake (ERB) is a safety device used to bring vehicles to a stop when the driver applies the brake pedal. It is an essential part of an elevator brake system as it provides additional pressure on already applied brakes in order to reduce vehicle speed.
Application Insights:
The others application segment includes shopping malls, office buildings, industrial plants and warehouses, airports, and other public buildings. The growth of the aforementioned applications is attributed to the rapid development in construction activities across various regions. For instance, according to a study conducted by Colliers International in 2018 covering over 1 million square feet of office space globally; it was found that around 60% of new supply was located outside North America. This trend is expected to continue over the next few years thereby fueling market growth during the forecast period.
Hotels are projected register a CAGR exceeding 8% from 2018 to 2030 owing to an increase in tourism activities across various regions including Asia Pacific and Middle East & Africa which consequently increases demand for high quality commercial facilities offering enhanced services at competitive prices thus driving market growth during this period.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing construction activities, coupled with growing population, especially in China and India. In addition, rising demand for commercial spaces such as hotels and restaurants is anticipated to drive the regional market growth during the forecast period.
Europe was estimated at USD X million in 2017 owing to high investments made by governments across various countries toward improving public infrastructure such as airports, sports complexes/arenas/stadia etc.). Moreover, presence of a large number of manufacturers has resulted in increased adoption of elevator brakes across Europe region. Germany accounted for a significant share due to high production output from major players including Siemens AG; Schwingungsbau GmbH & Co., KG; ThyssenKrupp Elevator BV; StettenBauer elevators bvba.
Growth Factors:
- Elevator Brakes market is driven by the increasing demand for elevators and escalators in the construction industry.
- The Elevator Brakes market is driven by the increasing demand for energy-efficient brakes in elevators and escalators.
- The Elevator Brakes market is driven by the growing awareness of safety regulations among consumers.
- The Elevator Brakes market is driven by the increasing demand for automated braking systems in elevators and escalators.
- The Elevator Brakes market is also propelled by advancements in technology that have led to more efficient brake systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Brakes Market Research Report
By Type
ERD Series Brakes, ER Series Brakes, ERS Series Brakes, FB Series Brakes, Forklift Brakes, WR Series Brakes
By Application
Hotels, Residences, Hospitals, Sports Facilities, Others
By Companies
Warner Electric, Kendrion NV, Hollister Whitney Elevator, Hilliard Corporation, Otis Elevator Company, FUKA GmbH, Imperial Electric, Magnetek, Atlantic Elevator, Warner Electric
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Brakes Market Report Segments:
The global Elevator Brakes market is segmented on the basis of:
Types
ERD Series Brakes, ER Series Brakes, ERS Series Brakes, FB Series Brakes, Forklift Brakes, WR Series Brakes
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
Hotels, Residences, Hospitals, Sports Facilities, Others
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:
- Warner Electric
- Kendrion NV
- Hollister Whitney Elevator
- Hilliard Corporation
- Otis Elevator Company
- FUKA GmbH
- Imperial Electric
- Magnetek
- Atlantic Elevator
- Warner Electric
Highlights of The Elevator Brakes 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:
- ERD Series Brakes
- ER Series Brakes
- ERS Series Brakes
- FB Series Brakes
- Forklift Brakes
- WR Series Brakes
- By Application:
- Hotels
- Residences
- Hospitals
- Sports Facilities
- Others
- 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 Brakes 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
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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 brakes are a type of brake system used in elevators to stop the elevator car from moving.
Some of the major players in the elevator brakes market are Warner Electric, Kendrion NV, Hollister Whitney Elevator, Hilliard Corporation, Otis Elevator Company, FUKA GmbH, Imperial Electric, Magnetek, Atlantic Elevator, Warner Electric.
The elevator brakes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elevator Brakes 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 Elevator Brakes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elevator Brakes 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 Elevator Brakes 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 Elevator Brakes Market Size & Forecast, 2018-2028
4.5.1 Elevator Brakes Market Size and Y-o-Y Growth
4.5.2 Elevator Brakes Market Absolute $ Opportunity
Chapter 5 Global Elevator Brakes 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 Elevator Brakes Market Size Forecast by Type
5.2.1 ERD Series Brakes
5.2.2 ER Series Brakes
5.2.3 ERS Series Brakes
5.2.4 FB Series Brakes
5.2.5 Forklift Brakes
5.2.6 WR Series Brakes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elevator Brakes 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 Elevator Brakes Market Size Forecast by Applications
6.2.1 Hotels
6.2.2 Residences
6.2.3 Hospitals
6.2.4 Sports Facilities
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elevator Brakes 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 Elevator Brakes 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 Elevator Brakes Analysis and Forecast
9.1 Introduction
9.2 North America Elevator Brakes 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 Elevator Brakes Market Size Forecast by Type
9.6.1 ERD Series Brakes
9.6.2 ER Series Brakes
9.6.3 ERS Series Brakes
9.6.4 FB Series Brakes
9.6.5 Forklift Brakes
9.6.6 WR Series Brakes
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 Elevator Brakes Market Size Forecast by Applications
9.10.1 Hotels
9.10.2 Residences
9.10.3 Hospitals
9.10.4 Sports Facilities
9.10.5 Others
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 Elevator Brakes Analysis and Forecast
10.1 Introduction
10.2 Europe Elevator Brakes 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 Elevator Brakes Market Size Forecast by Type
10.6.1 ERD Series Brakes
10.6.2 ER Series Brakes
10.6.3 ERS Series Brakes
10.6.4 FB Series Brakes
10.6.5 Forklift Brakes
10.6.6 WR Series Brakes
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 Elevator Brakes Market Size Forecast by Applications
10.10.1 Hotels
10.10.2 Residences
10.10.3 Hospitals
10.10.4 Sports Facilities
10.10.5 Others
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 Elevator Brakes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elevator Brakes 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 Elevator Brakes Market Size Forecast by Type
11.6.1 ERD Series Brakes
11.6.2 ER Series Brakes
11.6.3 ERS Series Brakes
11.6.4 FB Series Brakes
11.6.5 Forklift Brakes
11.6.6 WR Series Brakes
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 Elevator Brakes Market Size Forecast by Applications
11.10.1 Hotels
11.10.2 Residences
11.10.3 Hospitals
11.10.4 Sports Facilities
11.10.5 Others
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 Elevator Brakes Analysis and Forecast
12.1 Introduction
12.2 Latin America Elevator Brakes 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 Elevator Brakes Market Size Forecast by Type
12.6.1 ERD Series Brakes
12.6.2 ER Series Brakes
12.6.3 ERS Series Brakes
12.6.4 FB Series Brakes
12.6.5 Forklift Brakes
12.6.6 WR Series Brakes
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 Elevator Brakes Market Size Forecast by Applications
12.10.1 Hotels
12.10.2 Residences
12.10.3 Hospitals
12.10.4 Sports Facilities
12.10.5 Others
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) Elevator Brakes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elevator Brakes 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) Elevator Brakes Market Size Forecast by Type
13.6.1 ERD Series Brakes
13.6.2 ER Series Brakes
13.6.3 ERS Series Brakes
13.6.4 FB Series Brakes
13.6.5 Forklift Brakes
13.6.6 WR Series Brakes
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) Elevator Brakes Market Size Forecast by Applications
13.10.1 Hotels
13.10.2 Residences
13.10.3 Hospitals
13.10.4 Sports Facilities
13.10.5 Others
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 Elevator Brakes Market: Competitive Dashboard
14.2 Global Elevator Brakes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Warner Electric
14.3.2 Kendrion NV
14.3.3 Hollister Whitney Elevator
14.3.4 Hilliard Corporation
14.3.5 Otis Elevator Company
14.3.6 FUKA GmbH
14.3.7 Imperial Electric
14.3.8 Magnetek
14.3.9 Atlantic Elevator
14.3.10 Warner Electric
