Elevator and Escalator

Elevator and Escalator Market Size, Share, Overview, Growth Insight, Trends and Forecasts to 2027

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The global elevator and escalator market value is expected to reach US$ 114.90 Billion by the end of 2027, decelerating at a CAGR of 6.3% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global elevator and escalator market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global elevator and escalator market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the elevator and escalator industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

An elevator is a kind of upright transport system that effectually and proficiently transports goods or people among any levels or floors in any building infrastructure or any commercial places. Elevators and escalators are the two unavoidable parts of the regular life of humans. Hectic time agendas and augmented number of the elderly population require the facility of elevators and escalators in residential sectors around the world. Smart elevators are innovative system that permits programmed upright moving of travelers or things. Smart elevators are designed simplifies transportation amongst different the levels of any infrastructure. Furthermore, an escalator is a moving flight of steps, in other words, a staircase which aids in transferring passengers amid floors of infrastructure. The process comprises of a chain of independently connected steps that is essentially driven by the motor that moves up and down the tracks, therefore, maintaining effective transportation.

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Growth Factors

Elevators and escalators are experiencing the fastest growth rate for the transportation of people and other goods in developed as well as developing economies. The rapid urbanization and industrialization across emerging countries such as India and China are heightening market growth and development. The demand for smart cities together with smart infrastructure will have a positive impact on powering market growth. Furthermore, with the advancement of technology, vendors are investing high on R&D to provide smart elevators to the customers with better designs and attractive features.

This investment by the big organizations and the major players across the world will improve the growth and development of the escalators and elevators market in the near future. Moreover, in order to diminish the travel time in moving and transportation of goods and people is going to boost the development of the market. In addition, the increasing number of aged and elderly population will also support the growth of elevators and escalators in residential constructions and apartments in developed and developing countries. On the other hand, safety issues and a dearth of skilled workforce are expected to hinder the elevators and escalators market growth.

Report Highlights

  • The Asia Pacific region is the largest and fastest-growing region in the elevator & escalator market. A huge number of high-rise buildings in metro cities are driving market demand.
  • Technological innovation is amplifying the speed of elevators and escalators and reducing transportation time.
  • The global elevator & escalator market is extremely competitive with the presence of several global and regional players. Vendors are investing in product innovation to increase their consumer base.

Regional Snapshots

By geographically, the Asia Pacific region is expected to hold the largest market share and dominate the elevators & escalators market during the forecast period. The growth of the elevators & escalators market in this region is boosted by factors such as the development of the residential, commercial, institutional, and infrastructure industries. Furthermore, the growing population and economic development are other factors that further propel the growth of this market. The region offers potential growth opportunities, as developing economies such as Asia Pacific is expected to record fastest compound annual growth rate on account of presence of evolving economies including India and China.

Booming advanced commercial and residential sector in these nations is further propelling the market growth. Europe is anticipated to witness significant growth in the maintenance and modernization of escalators and elevators market. The North America region is projected to exhibit growth in elevators and escalators service offerings over the projection period. The Middle East & Africa region is estimated to considerably contribute to the elevators & escalators market growth in the near future owing to snowballing commercial and residential construction activities. Further, the political uncertainty of Brazil is further anticipated to impact the growth of the market in the Latin America region.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global elevator and escalator market are as follows:

  • Otis Elevator Company
  • Kone Corporation
  • Schindler Group
  • Thyssenkrupp AG
  • Fujitec
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Toshiba Elevators and Building Systems Corporation
  • Hyundai Elevator Co., Ltd.
  • SJEC Corporation

Market Segmentation

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027. This research study analyzes market thoroughly by categorizing global elevator and escalator market report on the basis of different parameters including product, business, application, and region:

By Product

  • Elevators
  • Moving Walkways
  • Escalators

By Business

  • Maintenance
  • New Equipment
  • Modernization

By Application

  • Industrial
  • Residential
  • Commercial

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global elevator and escalator market. It examines trends and factors influencing demand for elevator and escalator globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for elevator and escalator across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on elevator and escalator. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global elevator and escalator market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for elevator and escalator are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Elevator and Escalator Market, By Product

7.1. Elevator and Escalator Market, by Product Type, 2020-2027
7.1.1. Elevators
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Moving Walkways
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Escalators
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Elevator and Escalator Market, By Application

8.1. Elevator and Escalator Market, by Application, 2020-2027
8.1.1. Industrial
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Residential
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Commercial
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Elevator and Escalator Market, By Business

9.1. Elevator and Escalator Market, by Business, 2020-2027
9.1.1. Maintenance
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. New Equipment
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Modernization
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Elevator and Escalator Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Business (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Business (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Business (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Business (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Business (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Business (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Business (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Business (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Business (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Business (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Business (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Business (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Business (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Business (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Business (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Business (2016-2027)

Chapter 11. Company Profiles

11.1. Otis Elevator Company
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Kone Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Schindler Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Thyssenkrupp AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Fujitec
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Hitachi, Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Mitsubishi Electric Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Toshiba Elevators and Building Systems Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Hyundai Elevator Co., Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. SJEC Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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