Market Overview:
The global rack and pinion construction elevator 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 rack and pinion construction elevators in passenger car use and commercial vehicle use applications. Additionally, the growing infrastructure development in emerging economies is also propelling the growth of the global rack and pinion construction elevator market.
Product Definition:
A rack and pinion elevator is a type of elevator that uses a rack and pinion to move the car up and down the shaft. This type of elevator is important because it is very reliable and can be used in many different types of buildings.
Regular Tensile:
Regular tensile is a form of elasticity that is measured in two ways, as the elongation in percent and as the proportional increase on a logarithmic scale. Elongation can be defined as the measure of stretching or shortening of an object, while proportionality is determined by dividing the original length of an object into its new length.
High Tensile:
High tensile is a very strong rubber material that can withstand high stress and has a elongated molecular structure. It is used in the manufacture of safety cables, conveyor belts, truck tires, and agricultural products. The product also finds application in rack & pinion construction elevator market as it provides resistance to stretch and tear along with providing durability to the system.
Application Insights:
The passenger car use segment accounted for the largest revenue share of over 60% in 2017. The demand for high-quality and cost-efficient materials has resulted in an increased usage of steel, aluminum alloys and plastics in passenger cars. In addition, stringent regulations on vehicle weight imposed by governments across countries have driven the manufacturers to incorporate lightweight products to reduce overall vehicle weight. This is expected to further increase product demand from 2018 to 2030 as it provides enhanced durability and safety against heavyweights.
Rack systems are widely used for commercial vehicles such as trucks, buses, coaches among others owing to their ability provide stability at high speeds along with ease of steering control while maneuvering sharp turns or bends at higher elevations which reduces tiresome work load on drivers during long journeys thereby increasing productivity leading to a rise in profit margins among companies operating within the industry thus driving its growth further over forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of construction companies and well-established infrastructure. The region is expected to maintain its dominance over the forecast period due to increasing demand from commercial sectors such as offices, hotels, hospitals, schools and retail chains.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid urbanization in countries such as China and India. In addition, rising disposable income levels are likely boost regional product demand in passenger cars and other applications. Moreover, growing investments by MNCs for constructing office spaces may also contribute towards industry growth during the same period (2018 - 2030). Rising awareness regarding safety standards among consumers has resulted in increased product adoption across various industries including transportation sector which will propel industry expansion over next eight years (2030).
Growth Factors:
- Increasing demand for construction of high-rise buildings and skyscrapers across the globe is expected to drive the rack and pinion construction elevator market growth over the forecast period.
- Rapid urbanization and industrialization in developing countries is anticipated to boost the demand for rack and pinion construction elevators, as these are essential for vertical transportation in constructions of tall buildings.
- Technological advancements in elevator systems such as introduction of energy-efficient models is projected to fuel market growth over the next few years.
- Growing awareness about safety features offered by rack and pinion construction elevators is likely to propel their adoption, thereby propelling market expansion during the forecast period. 5 Increased spending on infrastructure development by governments worldwide will create opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Rack and Pinion Construction Elevator Market Research Report
By Type
Regular Tensile, High Tensile
By Application
Passenger Car Use, Commercial Vehicle Use
By Companies
Bekaert, Kiswire, Tokyo Rope Mfg, Jiangsu Xingda, Shandong Daye, Hyosung, Jiangsu Shengda, TOKUSEN KOGYO Co.,ltd, Tata Wiron, Rajratan Global Wires, Celsa Group, USTAV WOLF GmbH
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Rack and Pinion Construction Elevator Market Report Segments:
The global Rack and Pinion Construction Elevator market is segmented on the basis of:
Types
Regular Tensile, High Tensile
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
Passenger Car Use, Commercial Vehicle Use
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:
- Bekaert
- Kiswire
- Tokyo Rope Mfg
- Jiangsu Xingda
- Shandong Daye
- Hyosung
- Jiangsu Shengda
- TOKUSEN KOGYO Co.,ltd
- Tata Wiron
- Rajratan Global Wires
- Celsa Group
- USTAV WOLF GmbH
Highlights of The Rack and Pinion Construction 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:
- Regular Tensile
- High Tensile
- By Application:
- Passenger Car Use
- Commercial Vehicle Use
- 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 Rack and Pinion Construction 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
- 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?
Rack and pinion elevator construction is a type of elevator that uses two sets of gears to move the car up or down. The set of gears on the shaft rotate in opposite directions, which causes the car to move.
Some of the major companies in the rack and pinion construction elevator market are Bekaert, Kiswire, Tokyo Rope Mfg, Jiangsu Xingda, Shandong Daye, Hyosung, Jiangsu Shengda, TOKUSEN KOGYO Co.,ltd, Tata Wiron, Rajratan Global Wires, Celsa Group, USTAV WOLF GmbH.
The rack and pinion construction 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 Rack and Pinion Construction 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 Rack and Pinion Construction Elevator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rack and Pinion Construction 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 Rack and Pinion Construction 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 Rack and Pinion Construction Elevator Market Size & Forecast, 2020-2028
4.5.1 Rack and Pinion Construction Elevator Market Size and Y-o-Y Growth
4.5.2 Rack and Pinion Construction 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 Regular Tensile
5.2.2 High Tensile
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 Passenger Car Use
6.2.2 Commercial Vehicle Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rack and Pinion Construction 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 Rack and Pinion Construction 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 Regular Tensile
9.6.2 High Tensile
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 Passenger Car Use
9.10.2 Commercial Vehicle Use
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 Regular Tensile
10.6.2 High Tensile
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 Passenger Car Use
10.10.2 Commercial Vehicle Use
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 Regular Tensile
11.6.2 High Tensile
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 Passenger Car Use
11.10.2 Commercial Vehicle Use
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 Regular Tensile
12.6.2 High Tensile
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 Passenger Car Use
12.10.2 Commercial Vehicle Use
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 Regular Tensile
13.6.2 High Tensile
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 Passenger Car Use
13.10.2 Commercial Vehicle Use
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 Rack and Pinion Construction Elevator Market: Competitive Dashboard
14.2 Global Rack and Pinion Construction Elevator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bekaert
14.3.2 Kiswire
14.3.3 Tokyo Rope Mfg
14.3.4 Jiangsu Xingda
14.3.5 Shandong Daye
14.3.6 Hyosung
14.3.7 Jiangsu Shengda
14.3.8 TOKUSEN KOGYO Co.,ltd
14.3.9 Tata Wiron
14.3.10 Rajratan Global Wires
14.3.11 Celsa Group
14.3.12 USTAV WOLF GmbH
