Market Overview:
The global heavy-duty 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 heavy-duty escalators from various applications such as convention centers, stadiums, public transit and others. Additionally, the growing infrastructure development in emerging economies is also propelling the growth of the global heavy-duty escalator market. However, factors such as high installation and maintenance costs are restraining the growth of this market.
Product Definition:
A heavy-duty escalator is a type of escalator that is designed to handle greater loads than a standard or light-duty escalator. They are often used in public places, such as airports and train stations, where there is high traffic volume. Heavy-duty escalators are also more durable and can withstand harsher conditions than standard or light-duty models.
Escalators:
Escalators are used to ascend or descend the stairs, steps or a vertical surface. Escalators can be manual, powered (mechanical) or automatic. They are widely used in building and construction sector for providing access to higher floors. The heavy-duty escalator market is expected to witness significant growth over the forecast period owing to increasing infrastructural developments across various regions including North America, Europe and Asia Pacific.
Moving Walkways:
moving walkways and it's usage in heavy-duty escalator market moving walkways.
The global moving walkways and it's usage in heavy-duty escalator market size was valued at USD 3,FIFTY million in 2015. The increasing demand for energy conservation measures is expected to drive the growth of this industry over the forecast period.
Application Insights:
The stadiums segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth owing to the increasing number of sports events such as football, rugby, and cricket. Increasing government funding for infrastructure development and rising demand from users are among key factors driving the industry growth.
The public transit application segment is also expected to grow at a lucrative rate over the forecast period due to rapidly growing urbanization along with increasing passenger traffic on public transport systems such as buses and trains across various regions worldwide. Furthermore, heavy-duty escalators are widely used in airports owing to their ability provide safe access into aircraft cabins while preventing passengers from falling down during boarding and disembarking procedures. Growing airport traffic coupled with rising consumer preference for traveling by air is anticipated fuel product demand over the forecast period at an estimated CAGR of XX% from 2018 to 2030 globally.
Regional Analysis:
North America dominated the global heavy-duty escalator market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing construction activities in countries, such as U.S., Canada, and Mexico that are likely to drive demand for moving walkways and escalators in commercial buildings including malls, airports, stadiums among others.
Asia Pacific is anticipated to emerge as the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing escalators and moving walkways being widely adopted across several industries especially transportation sector which includes railways & metro stations among others due their cost-effectiveness benefits ease of installation flexibility safety features ability for rapid movement on different levels along with other factors such as government regulations pertaining into building codes etcetera).
Growth Factors:
- Increasing urbanization and growing demand for escalators in the developing countries
- Rising income levels of the population, which leads to an increase in the purchasing power of consumers and a rise in demand for heavy-duty escalators
- Technological advancements that make heavy-duty escalators more efficient and reliable
- The increasing number of construction projects, as this drives the demand for heavy-duty escalators
- Growing awareness about safety among consumers, which is resulting in an increase in the adoption of heavy-dutyescalators
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-Duty Escalator Market Research Report
By Type
Escalators, Moving Walkways
By Application
Convention Centers, Stadiums, Public Transit, Others
By Companies
Otis, Schindler, Kone, TK Elevator, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, Hyundai, Canny Elevator, Otis, Guuangri Gufen, Zhejiang Meilun Elevator, Hangzhou XIO-Lift
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-Duty Escalator Market Report Segments:
The global Heavy-Duty Escalator market is segmented on the basis of:
Types
Escalators, Moving Walkways
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
Convention Centers, Stadiums, Public Transit, 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:
- Otis
- Schindler
- Kone
- TK Elevator
- Mitsubishi Electric
- Toshiba
- Hitachi
- Fujitec
- Hyundai
- Canny Elevator
- Otis
- Guuangri Gufen
- Zhejiang Meilun Elevator
- Hangzhou XIO-Lift
Highlights of The Heavy-Duty 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:
- Escalators
- Moving Walkways
- By Application:
- Convention Centers
- Stadiums
- Public Transit
- 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 Heavy-Duty 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
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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?
Heavy-duty escalators are designed for use in high-traffic areas, such as airports and shopping malls. These escalators are made from heavier materials than standard models, which makes them more durable. They also have larger steps and a wider platform to accommodate large crowds.
Some of the key players operating in the heavy-duty escalator market are Otis, Schindler, Kone, TK Elevator, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, Hyundai, Canny Elevator, Otis, Guuangri Gufen, Zhejiang Meilun Elevator, Hangzhou XIO-Lift.
The heavy-duty escalator 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 Heavy-Duty 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 Heavy-Duty Escalator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-Duty 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 Heavy-Duty 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 Heavy-Duty Escalator Market Size & Forecast, 2018-2028
4.5.1 Heavy-Duty Escalator Market Size and Y-o-Y Growth
4.5.2 Heavy-Duty Escalator Market Absolute $ Opportunity
Chapter 5 Global Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Type
5.2.1 Escalators
5.2.2 Moving Walkways
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Applications
6.2.1 Convention Centers
6.2.2 Stadiums
6.2.3 Public Transit
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-Duty 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 Heavy-Duty 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 Heavy-Duty Escalator Analysis and Forecast
9.1 Introduction
9.2 North America Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Type
9.6.1 Escalators
9.6.2 Moving Walkways
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 Heavy-Duty Escalator Market Size Forecast by Applications
9.10.1 Convention Centers
9.10.2 Stadiums
9.10.3 Public Transit
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 Heavy-Duty Escalator Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Type
10.6.1 Escalators
10.6.2 Moving Walkways
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 Heavy-Duty Escalator Market Size Forecast by Applications
10.10.1 Convention Centers
10.10.2 Stadiums
10.10.3 Public Transit
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 Heavy-Duty Escalator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Type
11.6.1 Escalators
11.6.2 Moving Walkways
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 Heavy-Duty Escalator Market Size Forecast by Applications
11.10.1 Convention Centers
11.10.2 Stadiums
11.10.3 Public Transit
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 Heavy-Duty Escalator Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy-Duty Escalator 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 Heavy-Duty Escalator Market Size Forecast by Type
12.6.1 Escalators
12.6.2 Moving Walkways
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 Heavy-Duty Escalator Market Size Forecast by Applications
12.10.1 Convention Centers
12.10.2 Stadiums
12.10.3 Public Transit
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) Heavy-Duty Escalator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy-Duty Escalator 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) Heavy-Duty Escalator Market Size Forecast by Type
13.6.1 Escalators
13.6.2 Moving Walkways
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) Heavy-Duty Escalator Market Size Forecast by Applications
13.10.1 Convention Centers
13.10.2 Stadiums
13.10.3 Public Transit
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 Heavy-Duty Escalator Market: Competitive Dashboard
14.2 Global Heavy-Duty Escalator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Otis
14.3.2 Schindler
14.3.3 Kone
14.3.4 TK Elevator
14.3.5 Mitsubishi Electric
14.3.6 Toshiba
14.3.7 Hitachi
14.3.8 Fujitec
14.3.9 Hyundai
14.3.10 Canny Elevator
14.3.11 Otis
14.3.12 Guuangri Gufen
14.3.13 Zhejiang Meilun Elevator
14.3.14 Hangzhou XIO-Lift
