Market Overview:
The global group control elevator 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 in shopping malls, community, and school applications. Additionally, the growing population and rising income levels are also contributing to the growth of this market.
Product Definition:
A Group Control Elevator is a type of elevator system that allows multiple elevators to be operated from one location. This is often used in large buildings or complexes where there are many elevators. The advantage of using a group control elevator system is that it can provide more efficient service by allowing several elevators to be operated simultaneously. It can also help to improve safety by ensuring that all the elevators in a building are operating properly.
Small and Medium Type (3-6 Units):
Small and medium type (3-6 units) is used for the purpose of group control elevator. It’s also known as a service lift, service/witness lift or car elevator. They are widely used in places like shopping malls, office buildings, hotels and residential complexes among others to provide access to floors above and below the desired level.
Large and Medium Type (3-12 Units):
Large and medium type (3-12 units) are used in group control elevator to provide vertical transportation between floors of residential buildings, hotels, hospitals, warehouses and other commercial buildings. It is also used in shopping malls for moving from one floor to another.
The global large & medium type market was valued over USD 1 billion in 2013.
Application Insights:
The shopping malls application segment accounted for the largest share of over 40.0% in 2017. The Group Control Type (GCTE) shopping mall elevator systems have been gaining popularity due to their ability to provide a safe and secure environment for customers, as well as improve access to different floors within a building with less travel time. These systems are also equipped with features such as automatic door opening and closing, which provides an enhanced customer experience by reducing waiting times at the elevators.
The school application segment is expected register the fastest CAGR of XX% from 2018 to 2030 owing to increasing government initiatives toward improving education infrastructure across developing countries such as India and China, which will eventually drive product demand in this segment over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid development in commercial and residential sectors. Increasing construction activities due to growing population are anticipated to drive the regional market growth over the forecast period. Furthermore, government initiatives encouraging investments through tax benefits and other financial incentives are expected fuel industry growth over the next eight years.
Europe was valued at USD X million in 2017 as it has been witnessing significant rise in geriatric population base which requires increased safety measures for elevator installation/maintenance/repair works, especially in countries such as Germany, France, Italy and Spain among others that have a high cultural value attached with respect elevators.
Growth Factors:
- Increasing demand for elevators in the construction sector as a result of growing urbanization and infrastructure development.
- Elevators are becoming an essential part of modern buildings, resulting in an increase in their demand from the commercial and residential sectors.
- The increasing adoption of smart elevators with advanced features such as destination dispatch, energy-saving systems, and safety features is driving the growth of the Group Control Elevator market.
- Growing awareness about safety regulations governing elevator installation and operation is propelling the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Group Control Elevator Market Research Report
By Type
Small and Medium Type (3-6 Units), Large and Medium Type (3-12 Units), Others
By Application
Shopping Malls, Community, School, Others
By Companies
Hitachi, FUJITEC, KONE, Mitsubishi Electric, United Technologies Corporation (Otis Elevator Company), Schindler, Thyssenkrupp AG (Thyssenkrupp Elevator Technology), Express Lifts, Escon Elevators, Toshiba Elevator and Building Systems
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Group Control Elevator Market Report Segments:
The global Group Control Elevator market is segmented on the basis of:
Types
Small and Medium Type (3-6 Units), Large and Medium Type (3-12 Units), Others
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
Shopping Malls, Community, School, 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:
- Hitachi
- FUJITEC
- KONE
- Mitsubishi Electric
- United Technologies Corporation (Otis Elevator Company)
- Schindler
- Thyssenkrupp AG (Thyssenkrupp Elevator Technology)
- Express Lifts
- Escon Elevators
- Toshiba Elevator and Building Systems
Highlights of The Group Control 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:
- Small and Medium Type (3-6 Units)
- Large and Medium Type (3-12 Units)
- Others
- By Application:
- Shopping Malls
- Community
- School
- 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 Group Control 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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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?
Group Control Elevator is a type of elevator that allows multiple people to ride at the same time.
Some of the major players in the group control elevator market are Hitachi, FUJITEC, KONE, Mitsubishi Electric, United Technologies Corporation (Otis Elevator Company), Schindler, Thyssenkrupp AG (Thyssenkrupp Elevator Technology), Express Lifts, Escon Elevators, Toshiba Elevator and Building Systems.
The group control elevator 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 Group Control Elevator 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 Group Control Elevator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Group Control Elevator 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 Group Control Elevator 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 Group Control Elevator Market Size & Forecast, 2020-2028
4.5.1 Group Control Elevator Market Size and Y-o-Y Growth
4.5.2 Group Control Elevator 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 Small and Medium Type (3-6 Units)
5.2.2 Large and Medium Type (3-12 Units)
5.2.3 Others
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 Shopping Malls
6.2.2 Community
6.2.3 School
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Group Control Elevator 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 Group Control Elevator 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 Small and Medium Type (3-6 Units)
9.6.2 Large and Medium Type (3-12 Units)
9.6.3 Others
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 Shopping Malls
9.10.2 Community
9.10.3 School
9.10.4 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 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 Small and Medium Type (3-6 Units)
10.6.2 Large and Medium Type (3-12 Units)
10.6.3 Others
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 Shopping Malls
10.10.2 Community
10.10.3 School
10.10.4 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 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 Small and Medium Type (3-6 Units)
11.6.2 Large and Medium Type (3-12 Units)
11.6.3 Others
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 Shopping Malls
11.10.2 Community
11.10.3 School
11.10.4 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 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 Small and Medium Type (3-6 Units)
12.6.2 Large and Medium Type (3-12 Units)
12.6.3 Others
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 Shopping Malls
12.10.2 Community
12.10.3 School
12.10.4 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) 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 Small and Medium Type (3-6 Units)
13.6.2 Large and Medium Type (3-12 Units)
13.6.3 Others
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 Shopping Malls
13.10.2 Community
13.10.3 School
13.10.4 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 Group Control Elevator Market: Competitive Dashboard
14.2 Global Group Control Elevator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi
14.3.2 FUJITEC
14.3.3 KONE
14.3.4 Mitsubishi Electric
14.3.5 United Technologies Corporation (Otis Elevator Company)
14.3.6 Schindler
14.3.7 Thyssenkrupp AG (Thyssenkrupp Elevator Technology)
14.3.8 Express Lifts
14.3.9 Escon Elevators
14.3.10 Toshiba Elevator and Building Systems
