The global industrial elevators market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for industrial elevators in various industries such as construction sites, power plants, manufacturing plants and chemical towers. The increasing demand for these elevators is due to their ability to provide safe and efficient transportation of goods and people in various industries.
The global industrial elevators market has been segmented on the basis of type into hoist elevator and incline elevator; on the basis of application into construction sites, power plants, manufacturing plants and chemical towers; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC) & Middle East & Africa (MEA).
-The global population is expected to grow by 2.5 billion people by 2050, which will increase the demand for food and other resources.
-The world's population is aging, with the number of people over 60 years old expected to double by 2050. This will lead to an increased need for healthcare and retirement facilities, which in turn will require more elevators in buildings.
-Elevators are becoming increasingly popular as a means of transportation in urban areas due to congestion on roads and public transport systems.
-Elevators are also being used as a means of transporting goods between floors within warehouses or factories, reducing the need for forklifts or other vehicles that may be more expensive or less efficient than elevators.
-Elevations are also being used as a form of entertainment at amusement parks and hotels around the world.
Industry Growth Insights published a new data on “Industrial Elevators Market”. The research report is titled “Industrial Elevators Market research by Types (Hoist elevator, Incline elevator), By Applications (Construction Sites, Power Plants, Manufacturing Plants, Chemical Towers), By Players/Companies Toshiba Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Ltd., Hitachi Ltd., ThyssenKrupp AG, Kone Corporation, Kleemann Hellas SA, Hyundai Elevator Co., Ltd, Fujitec Co., Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Elevators Market Research Report
By Type
Hoist elevator, Incline elevator
By Application
Construction Sites, Power Plants, Manufacturing Plants, Chemical Towers
By Companies
Toshiba Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Ltd., Hitachi Ltd., ThyssenKrupp AG, Kone Corporation, Kleemann Hellas SA, Hyundai Elevator Co., Ltd, Fujitec Co., Ltd.
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Elevators Market Report Segments:
The global Industrial Elevators market is segmented on the basis of:
Types
Hoist elevator, Incline elevator
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
Construction Sites, Power Plants, Manufacturing Plants, Chemical Towers
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:
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Otis Elevator Company
- Schindler Holding Ltd.
- Hitachi Ltd.
- ThyssenKrupp AG
- Kone Corporation
- Kleemann Hellas SA
- Hyundai Elevator Co., Ltd
- Fujitec Co., Ltd.
Highlights of The Industrial Elevators 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:
- Hoist elevator
- Incline elevator
- By Application:
- Construction Sites
- Power Plants
- Manufacturing Plants
- Chemical Towers
- 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 Industrial Elevators 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.
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- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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?
Industrial elevators are used to transport goods and materials up or down a vertical shaft. They can be found in factories, warehouses, and other industrial settings.
Some of the key players operating in the industrial elevators market are Toshiba Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Ltd., Hitachi Ltd., ThyssenKrupp AG, Kone Corporation, Kleemann Hellas SA, Hyundai Elevator Co., Ltd, Fujitec Co., Ltd..
The industrial elevators market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Elevators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Elevators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Elevators Market - Supply Chain
4.5. Global Industrial Elevators Market Forecast
4.5.1. Industrial Elevators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Elevators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Elevators Market Absolute $ Opportunity
5. Global Industrial Elevators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Elevators Market Size and Volume Forecast by Type
5.3.1. Hoist elevator
5.3.2. Incline elevator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Elevators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Elevators Market Size and Volume Forecast by Application
6.3.1. Construction Sites
6.3.2. Power Plants
6.3.3. Manufacturing Plants
6.3.4. Chemical Towers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Elevators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Elevators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Elevators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Elevators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Elevators Demand Share Forecast, 2019-2026
9. North America Industrial Elevators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Elevators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Elevators Market Size and Volume Forecast by Application
9.4.1. Construction Sites
9.4.2. Power Plants
9.4.3. Manufacturing Plants
9.4.4. Chemical Towers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Elevators Market Size and Volume Forecast by Type
9.7.1. Hoist elevator
9.7.2. Incline elevator
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Elevators Demand Share Forecast, 2019-2026
10. Latin America Industrial Elevators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Elevators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Elevators Market Size and Volume Forecast by Application
10.4.1. Construction Sites
10.4.2. Power Plants
10.4.3. Manufacturing Plants
10.4.4. Chemical Towers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Elevators Market Size and Volume Forecast by Type
10.7.1. Hoist elevator
10.7.2. Incline elevator
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Elevators Demand Share Forecast, 2019-2026
11. Europe Industrial Elevators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Elevators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Elevators Market Size and Volume Forecast by Application
11.4.1. Construction Sites
11.4.2. Power Plants
11.4.3. Manufacturing Plants
11.4.4. Chemical Towers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Elevators Market Size and Volume Forecast by Type
11.7.1. Hoist elevator
11.7.2. Incline elevator
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Elevators Demand Share, 2019-2026
12. Asia Pacific Industrial Elevators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Elevators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Elevators Market Size and Volume Forecast by Application
12.4.1. Construction Sites
12.4.2. Power Plants
12.4.3. Manufacturing Plants
12.4.4. Chemical Towers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Elevators Market Size and Volume Forecast by Type
12.7.1. Hoist elevator
12.7.2. Incline elevator
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Elevators Demand Share, 2019-2026
13. Middle East & Africa Industrial Elevators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Elevators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Elevators Market Size and Volume Forecast by Application
13.4.1. Construction Sites
13.4.2. Power Plants
13.4.3. Manufacturing Plants
13.4.4. Chemical Towers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Elevators Market Size and Volume Forecast by Type
13.7.1. Hoist elevator
13.7.2. Incline elevator
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Elevators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Elevators Market: Market Share Analysis
14.2. Industrial Elevators Distributors and Customers
14.3. Industrial Elevators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toshiba Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Electric Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Otis Elevator Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schindler Holding Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ThyssenKrupp AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kone Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kleemann Hellas SA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai Elevator Co., Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fujitec Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
