Market Overview:
The global rack and pinion 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 elevators in construction and industrial applications. In terms of type, the below 2 ton segment is expected to dominate the global rack and pinion elevator market during the forecast period, followed by 2-3 ton and above 3 ton segments. In terms of application, construction application is expected to hold a major share of the global rack and pinion elevator market during 2018-2030 owing to increase in infrastructure development activities across regions.
Product Definition:
Rack and pinion elevator is a device that uses a rack and pinion to move objects vertically. It is typically used in applications where there is a need to move heavy objects up or down with precision.
Below 2 ton:
Below 2 ton, it's usage and growth factor in Rack.
The global below 2 ton, it's usage and growth factor in the rack & pinion elevator market size was valued at USD 6.5 billion in 2015. The growing need for high capacity elevators with a low center of gravity is expected to be a key driving force over the forecast period.
2-3 ton:
The 2-3 ton is a lifting capacity of goods based on the truck. It is used in rack and pinion elevator for transporting goods to different floors in commercial buildings. The market size of global 2-3 ton and it's usage in Rack and Pinion Elevator industry was valued at USD 1,867.1 million in 2016 which shows an increase from 2015 when the market size was estimated at USD 1,734 million.
Application Insights:
The construction application segment led the global market and accounted for more than 44.0% share of the total revenue in 2017. The growth is attributed to an increase in residential and commercial building projects across the globe, especially in developing countries such as India, China, Thailand etc., which require a large number of goods lift trucks for installation. Moreover, governments are making efforts to provide better infrastructure facilities to their citizens resulting in increased demand for construction related products including material handling equipment.
Industrial application is expected to be one of the fastest growing segments over the forecast period owing to increasing manufacturing activities across various industries worldwide such as automotive & transportation; food & beverage; healthcare; pharmaceuticals etc., which require a large number of goods lift trucks with high reliability and durability features that comply with industrial standards set by regulatory authorities (OSHA).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in construction activities, which is anticipated to drive the demand for elevators. In addition, growing industrialization and increasing population have spurred regional product demand.
The North America market was valued at USD X million in 2017 owing to presence of a large number of players operating within the region coupled with high investment by manufacturers for development of innovative products catering to different application sectors such as healthcare & medicine, food & beverage industry among others. Furthermore, rising awareness regarding health and safety issues associated with heights is projected to further propel regional growth over the forecast period.
Europe accounted for a significant share within global arena on account of growing construction sector mainly driven by residential sector expansion coupled with government initiatives aimed at reducing carbon footprint associated with transportation network thereby promoting adoption of rack-and-pinion elevator systems across various industries including manufacturing facilities etc.
Growth Factors:
- Increasing demand for rack and pinion elevators from the construction sector as it offers faster installation and commissioning time as compared to traditional elevators.
- Growing popularity of rack and pinion elevators in the residential sector due to their low cost of ownership and easy operability.
- Rising demand for energy-efficient rack and pinion elevators that consume less power, which is resulting in their increased adoption across various end-use segments.
- Proliferation of smart buildings that are equipped with advanced control systems, which is aiding the growth of the rack and pinion elevator market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rack and Pinion Elevator Market Research Report
By Type
Below 2 ton, 2-3 ton, Above 3 ton
By Application
Construction Application, Industial Application
By Companies
Alimak Hek Group AB, GEDA, STROS, Böcker, PEGA, Tower Elevator Systems, De Jong, Maspero Elevatori, XL Industries
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Rack and Pinion Elevator Market Report Segments:
The global Rack and Pinion Elevator market is segmented on the basis of:
Types
Below 2 ton, 2-3 ton, Above 3 ton
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 Application, Industial Application
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:
- Alimak Hek Group AB
- GEDA
- STROS
- Böcker
- PEGA
- Tower Elevator Systems
- De Jong
- Maspero Elevatori
- XL Industries
Highlights of The Rack and Pinion 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:
- Below 2 ton
- 2-3 ton
- Above 3 ton
- By Application:
- Construction Application
- Industial Application
- 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 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?
A rack and pinion elevator is a type of elevator that uses a set of gears to move the car up or down. The gears allow the elevator to travel at different speeds, which helps it reach its destination more quickly.
Some of the major players in the rack and pinion elevator market are Alimak Hek Group AB, GEDA, STROS, BƒÂ¶cker, PEGA, Tower Elevator Systems, De Jong, Maspero Elevatori, XL Industries.
The rack and pinion elevator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rack and Pinion Elevator 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. Rack and Pinion Elevator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rack and Pinion Elevator Market - Supply Chain
4.5. Global Rack and Pinion Elevator Market Forecast
4.5.1. Rack and Pinion Elevator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rack and Pinion Elevator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rack and Pinion Elevator Market Absolute $ Opportunity
5. Global Rack and Pinion Elevator 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. Rack and Pinion Elevator Market Size and Volume Forecast by Type
5.3.1. Below 2 ton
5.3.2. 2-3 ton
5.3.3. Above 3 ton
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rack and Pinion Elevator 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. Rack and Pinion Elevator Market Size and Volume Forecast by Application
6.3.1. Construction Application
6.3.2. Industial Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rack and Pinion Elevator 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. Rack and Pinion Elevator 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 Rack and Pinion Elevator 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. Rack and Pinion Elevator 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 Rack and Pinion Elevator Demand Share Forecast, 2019-2026
9. North America Rack and Pinion Elevator 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 Rack and Pinion Elevator 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 Rack and Pinion Elevator Market Size and Volume Forecast by Application
9.4.1. Construction Application
9.4.2. Industial Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rack and Pinion Elevator Market Size and Volume Forecast by Type
9.7.1. Below 2 ton
9.7.2. 2-3 ton
9.7.3. Above 3 ton
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 Rack and Pinion Elevator Demand Share Forecast, 2019-2026
10. Latin America Rack and Pinion Elevator 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 Rack and Pinion Elevator 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 Rack and Pinion Elevator Market Size and Volume Forecast by Application
10.4.1. Construction Application
10.4.2. Industial Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rack and Pinion Elevator Market Size and Volume Forecast by Type
10.7.1. Below 2 ton
10.7.2. 2-3 ton
10.7.3. Above 3 ton
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 Rack and Pinion Elevator Demand Share Forecast, 2019-2026
11. Europe Rack and Pinion Elevator 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 Rack and Pinion Elevator 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 Rack and Pinion Elevator Market Size and Volume Forecast by Application
11.4.1. Construction Application
11.4.2. Industial Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rack and Pinion Elevator Market Size and Volume Forecast by Type
11.7.1. Below 2 ton
11.7.2. 2-3 ton
11.7.3. Above 3 ton
11.8. Basis Point Share (BPS) Analysis by Type
1.9. 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 Rack and Pinion Elevator Demand Share, 2019-2026
12. Asia Pacific Rack and Pinion Elevator 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 Rack and Pinion Elevator 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 Rack and Pinion Elevator Market Size and Volume Forecast by Application
12.4.1. Construction Application
12.4.2. Industial Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rack and Pinion Elevator Market Size and Volume Forecast by Type
12.7.1. Below 2 ton
12.7.2. 2-3 ton
12.7.3. Above 3 ton
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 Rack and Pinion Elevator Demand Share, 2019-2026
13. Middle East & Africa Rack and Pinion Elevator 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 Rack and Pinion Elevator 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 Rack and Pinion Elevator Market Size and Volume Forecast by Application
13.4.1. Construction Application
13.4.2. Industial Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rack and Pinion Elevator Market Size and Volume Forecast by Type
13.7.1. Below 2 ton
13.7.2. 2-3 ton
13.7.3. Above 3 ton
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 Rack and Pinion Elevator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rack and Pinion Elevator Market: Market Share Analysis
14.2. Rack and Pinion Elevator Distributors and Customers
14.3. Rack and Pinion Elevator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alimak Hek Group AB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GEDA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STROS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Böcker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PEGA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tower Elevator Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. De Jong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Maspero Elevatori
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. XL Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
