Market Overview:
The global elevator guide rail market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market 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. The global elevator guide rail market is segmented on the basis of type, application, and region. On the basis of type, it is divided into solid guide rails, hollow guide rails, and escalator rails. On the basis of application, it is classified into malls, office buildings, public places such as railway stations and airports), hospitals & clinics), educational institutions (schools & colleges)], industrial complexes (factories & warehouses)], other applications (residential complexes). Region-wise breakdown includes North America,, Latin America,, Europe,, Asia Pacific,, Middle East & Africa).
Product Definition:
The guide rail is the metal or plastic strip that lines the inside of an elevator shaft and guides the elevator car up and down. It is typically about two inches wide and made of a strong, durable material like steel.
Solid Guide:
Solid guide, also known as cast iron or steel guide rail, is a type of elevator safety device used to prevent the car in which the passenger is riding from moving forward or backward. It's installed between the wall and ceiling of an elevator shaft. The main function of this device is to stop passengers from falling out of elevators during their descent.
Hollow Guide Rail:
Hollow guide rail is a device used in elevators for the support of the car. It is made up of metal and has a rectangular cross-section. The hollow guide rail consists of two parts, namely, “lower flange” and “upper flange” which are joined by four bolts at each corner. These rails assist in supporting the weight of elevator cars during upward travel as well as downward travel owing to their lightweight property.
Application Insights:
The office building application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing number of high rise construction projects across various regions, especially in China and India. For instance, as per a study by Jones Lang LaSalle, Inc., between 2016 and 2020 there will be around 1,500 new office buildings constructed globally every year. Furthermore, according to an article published by The Construction Report on March 15th 2018 titled ¢â‚¬Å“There Will Be More Than 2 Million New Office Spaces Over Next Few Years¢â‚¬ which states that currently more than 50% of the companies are occupying less than 30% of their total space capacity which indicates a huge potential demand for modernizing or refurbishing old offices into work spaces. This trend is expected to drive product demand over the forecast period.
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 a significant rise in construction activities owing to rapid urbanization and rising disposable income of consumers. Moreover, increasing investments from foreign players are anticipated to drive demand for elevators across the region. For instance, China Eastern Construction Group Co., Ltd., which is one of the largest elevator manufacturers in China, recently announced an investment plan worth USD X billion for constructing a new manufacturing plant located at Xiamen city of Fujian province that will start production operations by 2020.
North America accounted for more than 20% share of total revenue in 2017 on account rising construction activities coupled with growing office space constructions particularly along with strong presence of multinational companies such as Google Inc.; Bank Of America; American Express Company; VF Corporation; and Johnson & Johnson Services, Inc.
Growth Factors:
- Elevator Guide Rail market is driven by the increasing demand for elevators and escalators in the commercial and residential sectors.
- The market is also propelled by the growing construction of new buildings and modernization of existing infrastructure.
- The rising awareness about safety norms and regulations has led to an increase in the demand for elevator guide rails, which offer enhanced safety features.
- The increasing adoption of smart technologies in elevators has led to an increase in their efficiency, which is further propelling the growth of the Elevator Guide Rail market. 5) Growing investments by key players in research & development activities are expected to fuel innovation and propel growth within this market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Guide Rail Market Research Report
By Type
Solid Guide, Hollow Guide Rail, Escalator Rail
By Application
Mall, Office Building, Public Places, Other
By Companies
Savera (Spain), VOL-Stahl (Germany), ZZIPCO (US), MONTEFERRO (Italy), Zhangjiagang Mofeel (China), Zhejiang Bonly (China)
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Guide Rail Market Report Segments:
The global Elevator Guide Rail market is segmented on the basis of:
Types
Solid Guide, Hollow Guide Rail, Escalator Rail
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
Mall, Office Building, Public Places, Other
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:
- Savera (Spain)
- VOL-Stahl (Germany)
- ZZIPCO (US)
- MONTEFERRO (Italy)
- Zhangjiagang Mofeel (China)
- Zhejiang Bonly (China)
Highlights of The Elevator Guide Rail 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:
- Solid Guide
- Hollow Guide Rail
- Escalator Rail
- By Application:
- Mall
- Office Building
- Public Places
- Other
- 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 Guide Rail 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
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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 guide rail is a metal or plastic strip that runs along the inside of an elevator shaft to keep people from falling out.
Some of the key players operating in the elevator guide rail market are Savera (Spain), VOL-Stahl (Germany), ZZIPCO (US), MONTEFERRO (Italy), Zhangjiagang Mofeel (China), Zhejiang Bonly (China).
The elevator guide rail 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 Elevator Guide Rail 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 Guide Rail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elevator Guide Rail 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 Guide Rail 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 Guide Rail Market Size & Forecast, 2018-2028
4.5.1 Elevator Guide Rail Market Size and Y-o-Y Growth
4.5.2 Elevator Guide Rail Market Absolute $ Opportunity
Chapter 5 Global Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
5.2.1 Solid Guide
5.2.2 Hollow Guide Rail
5.2.3 Escalator Rail
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elevator Guide Rail 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 Guide Rail Market Size Forecast by Applications
6.2.1 Mall
6.2.2 Office Building
6.2.3 Public Places
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elevator Guide Rail 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 Guide Rail 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 Guide Rail Analysis and Forecast
9.1 Introduction
9.2 North America Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
9.6.1 Solid Guide
9.6.2 Hollow Guide Rail
9.6.3 Escalator Rail
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 Guide Rail Market Size Forecast by Applications
9.10.1 Mall
9.10.2 Office Building
9.10.3 Public Places
9.10.4 Other
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 Guide Rail Analysis and Forecast
10.1 Introduction
10.2 Europe Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
10.6.1 Solid Guide
10.6.2 Hollow Guide Rail
10.6.3 Escalator Rail
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 Guide Rail Market Size Forecast by Applications
10.10.1 Mall
10.10.2 Office Building
10.10.3 Public Places
10.10.4 Other
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 Guide Rail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
11.6.1 Solid Guide
11.6.2 Hollow Guide Rail
11.6.3 Escalator Rail
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 Guide Rail Market Size Forecast by Applications
11.10.1 Mall
11.10.2 Office Building
11.10.3 Public Places
11.10.4 Other
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 Guide Rail Analysis and Forecast
12.1 Introduction
12.2 Latin America Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
12.6.1 Solid Guide
12.6.2 Hollow Guide Rail
12.6.3 Escalator Rail
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 Guide Rail Market Size Forecast by Applications
12.10.1 Mall
12.10.2 Office Building
12.10.3 Public Places
12.10.4 Other
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 Guide Rail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elevator Guide Rail 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 Guide Rail Market Size Forecast by Type
13.6.1 Solid Guide
13.6.2 Hollow Guide Rail
13.6.3 Escalator Rail
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 Guide Rail Market Size Forecast by Applications
13.10.1 Mall
13.10.2 Office Building
13.10.3 Public Places
13.10.4 Other
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 Guide Rail Market: Competitive Dashboard
14.2 Global Elevator Guide Rail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Savera (Spain)
14.3.2 VOL-Stahl (Germany)
14.3.3 ZZIPCO (US)
14.3.4 MONTEFERRO (Italy)
14.3.5 Zhangjiagang Mofeel (China)
14.3.6 Zhejiang Bonly (China)
