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Global Elevators & Escalators Market by Type (Elevators, Escalators, Moving walkways), Service (New installation, Maintenance & Repair), Elevator Technology (Traction, Machine- Room-Less, & Hydraulic), & End-use Industry and Region - Forecast to 2028

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    Report

  • 281 Pages
  • January 2024
  • Region: Global
  • Markets and Markets
  • ID: 4079819
Description Jump to:
The global elevators and escalators market size is projected to grow from USD 152.1 billion in 2023 to USD 207.4 billion by 2028, at a CAGR of 6.4% during the forecast period. The growing trend of mass migration from rural to urban areas has led to a heightened demand for extensive infrastructure development, particularly the construction of high-rise buildings, to meet the rising housing requirements. This has resulted in the transformation of urban centers into megacities, exemplified by the exponential population growth in cities like Tokyo, Mexico City, Seoul, and Lagos. These megacities are actively engaged in erecting skyscrapers, futuristic transportation hubs, and various other infrastructural projects to accommodate the expanding population. A crucial aspect of high-rise buildings is ensuring efficient vertical mobility, emphasizing the need for elevators and escalators. As a consequence, the swift urbanization and the surge in high-rise construction are anticipated to fuel the demand for elevators and escalators. This increased deployment is expected to be a key factor contributing to market growth throughout the forecast period.

In terms of value, machine-room-less traction elevator segment led the elevators and escalators during the forecast period

Machine-room-less traction elevator, by elevator technology, accounted for the largest market share in the elevators and escalators market. This innovative technology, a product of ongoing technological advancements, has revolutionized the traditional elevator landscape. A key breakthrough is the substantial reduction in the size of electric motors used in traction equipment, made possible by the incorporation of newly designed permanent magnet motors (PMM). One of the distinguishing features of this technology is the elimination of the need for a machine room above the hoistway. This design has gained widespread acceptance globally and is rapidly becoming the standard in elevator technology. Notably, KONE was the pioneer in introducing machine room-less elevators to the US market. As these elevators gain universal acclaim, manufacturers are responding by introducing an array of new products equipped with this technology, available in various sizes and speeds to cater to diverse building needs.

In terms of both value and volume, elevator is projected to be the fastest-growing segment during the forecast period, for elevators and escalators

Elevators, whether open or enclosed platforms designed for transporting people or goods between different floors within a building, must adhere to stringent safety standards imposed by regulatory bodies. In the United States, elevator manufacturers are obligated to comply with safety regulations set by the American National Standards Institute and the American Society of Mechanical Engineers. Key players in the elevator market, including KONE Corporation (Finland), United Technologies (US), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), ThyssenKrupp AG (Germany), FUJITEC (Japan), Hitachi Ltd. (Japan), Hyundai Elevator Co., Ltd. (South Korea), Toshiba Corporation (Japan), and Electra Ltd. (Israel), dominate the industry. The elevators sector is anticipated to experience significant growth, attributed to the ongoing development of new residential and commercial projects on a global scale. This growth is expected to manifest through the elevators segment, which is projected to achieve the highest Compound Annual Growth Rate (CAGR).

In terms of value, the APAC elevators and escalators market is projected to grow at the highest CAGR during the forecast period

The Asia-Pacific (APAC) region is anticipated to experience the most significant Compound Annual Growth Rate (CAGR) from 2023 to 2028, both in terms of value and volume. This growth is attributed to heightened construction investments, enhanced living conditions, and swift urban development in the region. Notably, Asia Pacific nations are actively pursuing initiatives to enhance commercial and institutional structures. In recent years, several countries in the area have undertaken measures to establish smart cities based on low-carbon and Internet of Things (IoT) technologies. Consequently, this trend presents lucrative opportunities for the expansion of the elevators and escalators market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the elevators and escalators market.
  • By Department: Sales/Export/Marketing: 40%, Production: 25%, and R&D: 35%
  • By Designation: Managers: 35%, CXOs: 30%, and Executive: 35%
  • By Region: North America: 25%, Europe: 20%, APAC: 45%, Middle East & Africa: 5%, and South America: 5%
Companies Covered: The global elevators and escalators market comprises major manufacturers, such as Schindler Group (Switzerland), Otis Elevator (US), Thyssenkrupp AG (Germany), KONE Corporation (Finland), and Hitachi Ltd. (Japan), among others.

Research Coverage

The market study covers the elevators and escalators market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on material type, application, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the elevators and escalators market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall elevators and escalators market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization, Growing need for reducing energy consumption in buildings, and Growing aging population to facilitate development of better infrastructure within buildings), restraints (Uncertainty and risk regarding global economy, and High maintenance cost), opportunities (Adoption of green building codes and energy-efficient products and Development of innovative technologies and rising demand for smart elevators) and challenges (Compliance with standards and regulations) influencing the growth of the elevators and escalators market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the elevators and escalators market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the elevators and escalators market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the elevators and escalators market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Schindler Group (Switzerland), Otis Elevator (US), Thyssenkrupp AG (Germany), KONE Corporation (Finland), and Hitachi Ltd. (Japan), and among others in the elevators and escalators market. The report also helps stakeholders understand the pulse of the elevators and escalators market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Elevators and Escalators Market: Research Design
2.2 Market Size Estimation
2.2.1 Elevators and Escalators Market: Approach 1: Bottom-Up Approach
Figure 2 Approach 1: Bottom-Up Approach
2.2.2 Elevators and Escalators Market: Approach 2: Top-Down Approach
Figure 3 Elevators and Escalators Market: Top-Down Approach
2.3 Secondary Da T A
2.3.1 Key Data from Secondary Sources
2.4 Primary Data
2.4.1 Key Data from Primary Sources
2.5 Data Triangulation
Figure 4 Elevators and Escalators Market: Data Triangulation
2.6 Key Market Insights
Figure 5 Stakeholders Involved and Breakdown of Primary Interviews
2.7 Recession Impact
2.8 Research Assumptions & Limitations
Figure 6 Assumptions
Figure 7 Limitations
2.8.1 Risk Assessment
Table 1 Limitations & Associated Risks
2.9 Growth Rate Assumptions
3 Executive Summary
Figure 8 New Installation to be Largest Service Segment of Elevators and Escalators Market
Figure 9 Machine-Room-Less Traction Elevator Segment to Lead Market During Forecast Period
Figure 10 Elevator Type Segment to Lead Market During Forecast Period
Figure 11 Residential End-use Industry Segment to Lead Market During Forecast Period
Figure 12 Asia-Pacific Dominated Elevators and Escalators Market in 2022
4 Premium Insights
4.1 Attractive Opportunities for Players in Elevators and Escalators Market
Figure 13 Increasing Demand from Elevators Segment Offers Lucrative Growth Opportunities for Market Players
4.2 Elevators and Escalators Market, by Elevator Technology
Figure 14 Machine-Room-Less Traction Elevator Segment to be Fastest-Growing During Forecast Period
4.3 Elevators and Escalators Market, by Type
Figure 15 Elevators Type Segment to Lead Market During Forecast Period
4.4 Elevators and Escalators Market, by Service
Figure 16 New Installation Service Segment to Grow at Highest CAGR During Forecast Period
4.5 Elevators and Escalators Market, by End-use Industry
Figure 17 Residential to be Fastest-Growing End-use Industry During Forecast Period
4.6 Elevators and Escalators Market, by End-use Industry and Region
Figure 18 China Accounts for Highest CAGR in Asia-Pacific
4.7 Elevators and Escalators Market, by Key Country
Figure 19 China to Register Highest Growth During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Drivers, Restraints, Opportunities, and Challenges: Elevators and Escalators Market
5.2.1 Drivers
5.2.1.1 Increased Construction of High-Rise Buildings Equipped with Smart Vertical Transportation
Figure 21 Urban and Rural Population 1950-2050
5.2.1.2 Growing Need for Reducing Energy Consumption in Buildings
Figure 22 Energy Consumption: Residential, Commercial, and Industrial Sectors, 1950 to 2022
5.2.1.3 Growing Aging Population to Facilitate Development
Figure 23 Number of People Aged 65 Years or Above, by Region, 2022 vs. 2030
5.2.2 Restraints
5.2.2.1 Uncertainty and Risk Regarding Global Economy
5.2.2.2 High Maintenance Cost
5.2.3 Opportunities
5.2.3.1 Adoption of Green Building Codes and Energy-Efficient Products
5.2.3.2 Development of Innovative Technologies
5.2.4 Challenges
5.2.4.1 Compliance with Standards and Regulations
6 Industry Trends
6.1 Trends & Disruptions Impacting Customers’ Businesses
Figure 24 Revenue Shift for Elevators and Escalators Manufacturers
6.2 Pricing Analysis
6.2.1 Average Selling Price Range of Elevators and Escalators, by Type
Table 2 Average Price Range of Elevators, by Type (Per Unit)
6.2.2 Residential Elevators (Average Price Range)
6.2.3 Factors Affecting Price of Commercial Elevators
6.3 Value Chain Analysis
Figure 25 Value Chain Analysis of Elevators and Escalators Market
6.3.1 Research & Development
6.3.2 Component Manufacturer
6.3.3 Manufacturer
6.3.4 Software & Service
6.3.5 Integrator
6.3.6 End-use Application
6.4 Ecosystem Mapping
Figure 26 Elevators and Escalators Market: Ecosystem Map
Table 3 Ecosystem of Elevators and Escalators Market
6.5 Technology Analysis
6.5.1 Adoption of Eco-Friendly Products
6.5.2 Intuitive Elevator Technology
6.5.3 Cable-Free Smart Elevators
6.5.4 Artificial Intelligence
6.5.5 Internet of Things (IoT) and 5G Technology
6.6 Patent Analysis
6.6.1 Introduction
6.6.2 Methodology
6.6.3 Elevators and Escalators Market, Patent Analysis (2013-2022)
Figure 27 Major Patents for Elevators and Escalators Market (2013-2022)
Table 4 Patents for Elevators and Escalators
6.7 Trade Analysis
Figure 28 Export Scenario, HS Code 680610, Encompassing Lifting, Handling, Loading or Unloading Machinery, E.G. Lifts, Escalators, Conveyors, Teleferics, 2022 (USD Billion)
Figure 29 Import Scenario, HS Code 680610, Encompassing Lifting, Handling, Loading or Unloading Machinery, E.G. Lifts, Escalators, Conveyors, Teleferics, 2022 (USD Billion)
6.8 Key Conferences and Events in 2023-2024
Table 5 Elevators and Escalators Market: Conferences & Events, 2023-2024
6.9 Regulatory Bodies and Government Agencies
Table 6 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
6.10 Tariff and Regulatory Landscape
6.10.1 Average Tariff Rates
Table 9 Tariffs Related to Lifting, Handling, Loading, or Unloading Machinery, Lifts, Escalators, Conveyors, Teleferics
6.10.2 Regulatory Landscape
Table 10 Container Compliance Options for Safety and Accessibility in Europe
Table 11 Lift/Elevator Standards in Asia-Pacific (India)
6.10.3 Others
6.11 Porter's Five Forces Analysis
Figure 30 Elevators and Escalators Market: Porter's Five Forces Analysis
Table 12 Elevators and Escalators Market: Porter's Five Forces Analysis
6.11.1 Threat of New Entrants
6.11.2 Threat of Substitutes
6.11.3 Bargaining Power of Suppliers
6.11.4 Bargaining Power of Buyers
6.11.5 Intensity of Competitive Rivalry
6.12 Macroeconomic Indicators
6.12.1 Introduction
6.12.2 GDP Trends and Forecasts
Table 13 World GDP Growth Projection, 2021-2028 (USD Trillion)
6.12.3 Construction Industry as Percentage of GDP and Its Impact on Elevators and Escalators
Table 14 Construction as Percentage of GDP, by Key Country, 2021
6.12.4 Growing Population and Urbanization
Table 15 Urbanization, by Region, 2021-2050 (In Million)
Table 16 Population, by Region, 2022-2050 (In Million)
6.13 Key Stakeholders and Buying Criteria
6.13.1 Key Stakeholders in Buying Process
Figure 31 Influence of Stakeholders on Buying Process
Table 17 Influence of Stakeholders on Buying Process
6.13.2 Buying Criteria
Figure 32 Key Buying Criteria of Elevators and Escalators Market
Table 18 Key Buying Criteria for Elevators and Escalators Industry
6.14 Case Study Analysis
6.14.1 Case Study 1: Elevators Gurgaon Medanta
6.14.2 Case Study 2: Energy-Efficient Building Initiative Mumbai- the Ruby Building Systems - Elevators
6.14.3 Case Study 3: Honeywell- Corporate Office Renovations
6.14.4 Case Study 4: Kone Corporation- 180 Brisbane Commercial Offices, Australia
7 Elevators and Escalators Market, by Service
7.1 Introduction
Figure 33 New Installation to be Largest Service Segment During Forecast Period
Table 19 Elevators and Escalators Market, by Service, 2018-2021 (USD Million)
Table 20 Elevators and Escalators Market, by Service, 2022-2028 (USD Million)
Table 21 Elevators and Escalators Market, by Service, 2018-2021 (Million Units)
Table 22 Elevators and Escalators Market, by Service, 2022-2028 (Million Units)
7.2 New Installation
7.2.1 Surge in Urbanization and Rise in Construction Activities to Drive Market
7.3 Maintenance & Repair
7.3.1 Growing Concern Regarding Aging Elevators to Drive Market
7.4 Modernization
7.4.1 Innovative Technologies and Need to Replace Aging and Obsolete Systems to Drive Market
8 Elevators and Escalators Market, by Elevator Technology
8.1 Introduction
Figure 34 Machine-Room-Less Traction Elevator Segment to Witness Highest CAGR
Table 23 Elevators and Escalators Market, by Elevator Technology, 2018-2021 (USD Million)
Table 24 Elevators and Escalators Market, by Elevator Technology, 2022-2028 (USD Million)
Table 25 Elevators and Escalators Market, by Elevator Technology, 2018-2021 (Million Units)
Table 26 Elevators and Escalators Market, by Elevator Technology, 2022-2028 (Million Units)
8.2 Traction Elevator
8.2.1 Lightweight Property to Drive Market
8.3 Machine-Room-Less Traction Elevator
8.3.1 Cost-Effectiveness and Superior Performance of Technology to Drive Market
8.4 Hydraulic
8.4.1 Technical Specialties of Technology to Drive Market
9 Elevators and Escalators Market, by Type
9.1 Introduction
Figure 35 Elevators Segment to Lead Elevators and Escalators Market
Table 27 Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 28 Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 29 Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 30 Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
9.2 Elevators
9.2.1 Development of New Residential and Commercial Projects to Drive Market
9.2.2 Passenger Elevator
9.2.2.1 Bed Elevator
9.2.2.2 Service Elevator
9.2.2.3 Observation Elevator
9.2.2.4 Residential Elevator
9.2.3 Freight Elevator
9.2.3.1 Dumbwaiters
9.2.3.2 Vehicle Elevators
9.2.4 Other Elevator Types
9.3 Escalators
9.3.1 Boom in Real Estate Sector and Need for Efficient & Rapid Transit Systems to Drive Market
9.4 Moving Walkways
9.4.1 Rapid Emergence of Airports and Shopping Malls to Drive Market
10 Elevators and Escalators Market, by End-use Industry
10.1 Introduction
Figure 36 Residential to be Fastest-Growing End-use Industry Segment
Table 31 Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 32 Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 33 Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 34 Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
10.2 Residential
10.2.1 Growth in High-Rise Residential Building Construction to Drive Market
10.3 Commercial
10.3.1 Need to Optimize Traffic Flow in Elevators in Commercial Spaces to Drive Market
10.4 Institutional
10.4.1 Rise in Demand for New Institutions to Drive Market
10.5 Infrastructural
10.5.1 Rapid Urbanization to Drive Market
10.6 Other End-use Industries
11 Elevators and Escalators Market, by Region
11.1 Introduction
Figure 37 China to Record Highest Growth During Forecast Period
Table 35 Elevators and Escalators Market, by Region, 2018-2021 (USD Million)
Table 36 Elevators and Escalators Market, by Region, 2022-2028 (USD Million)
Table 37 Elevators and Escalators Market, by Region, 2018-2021 (Million Units)
Table 38 Elevators and Escalators Market, by Region, 2022-2028 (Million Units)
Table 39 Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 40 Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 41 Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 42 Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 43 Elevators and Escalators Market, by Service, 2018-2021 (USD Million)
Table 44 Elevators and Escalators Market, by Service, 2022-2028 (USD Million)
Table 45 Elevators and Escalators Market, by Service, 2018-2021 (Million Units)
Table 46 Elevators and Escalators Market, by Service, 2022-2028 (Million Units)
Table 47 Elevators and Escalators Market, by Elevator Technology, 2018-2021 (USD Million)
Table 48 Elevators and Escalators Market, by Elevator Technology, 2022-2028 (USD Million)
Table 49 Elevators and Escalators Market, by Elevator Technology, 2018-2021 (Million Units)
Table 50 Elevators and Escalators Market, by Elevator Technology, 2022-2028 (Million Units)
Table 51 Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 52 Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 53 Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 54 Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2 Asia-Pacific
11.2.1 Recession Impact
Figure 38 Asia-Pacific: Elevators and Escalators Market Snapshot
Table 55 Asia-Pacific: Elevators and Escalators Market, by Country, 2018-2021 (USD Million)
Table 56 Asia-Pacific: Elevators and Escalators Market, by Country, 2022-2028 (USD Million)
Table 57 Asia-Pacific: Elevators and Escalators Market, by Country, 2018-2021 (Million Units)
Table 58 Asia-Pacific: Elevators and Escalators Market, by Country, 2022-2028 (Million Units)
Table 59 Asia-Pacific: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 60 Asia-Pacific: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 61 Asia-Pacific: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 62 Asia-Pacific: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 63 Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 64 Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 65 Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 66 Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2.2 China
11.2.2.1 Rapid Industrialization and Urbanization to Drive Market
Table 67 China: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 68 China: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 69 China: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 70 China: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 71 China: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 72 China: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 73 China: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 74 China: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2.3 India
11.2.3.1 Government Initiatives for 100 Smart Cities to Drive Market
Table 75 India: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 76 India: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 77 India: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 78 India: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 79 India: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 80 India: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 81 India: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 82 India: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2.4 Japan
11.2.4.1 Increasing Adoption of Smart Technologies to Drive Market
Table 83 Japan: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 84 Japan: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 85 Japan: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 86 Japan: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 87 Japan: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 88 Japan: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 89 Japan: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 90 Japan: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2.5 South Korea
11.2.5.1 Changing Lifestyles and Increasing Government Initiatives to Drive Market
Table 91 South Korea: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 92 South Korea: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 93 South Korea: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 94 South Korea: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 95 South Korea: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 96 South Korea: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 97 South Korea: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 98 South Korea: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.2.6 Rest of Asia-Pacific
Table 99 Rest of Asia-Pacific: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 100 Rest of Asia-Pacific: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 101 Rest of Asia-Pacific: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 102 Rest of Asia-Pacific: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 103 Rest of Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 104 Rest of Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 105 Rest of Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 106 Rest of Asia-Pacific: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3 Europe
11.3.1 Recession Impact
Figure 39 Europe: Elevators and Escalators Market Snapshot
Table 107 Europe: Elevators and Escalators, by Country, 2018-2021 (USD Million)
Table 108 Europe: Elevators and Escalators Market, by Country, 2022-2028 (USD Million)
Table 109 Europe: Elevators and Escalators, by Country, 2018-2021 (Million Units)
Table 110 Europe: Elevators and Escalators Market, by Country, 2022-2028 (Million Units)
Table 111 Europe: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 112 Europe: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 113 Europe: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 114 Europe: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 115 Europe: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 116 Europe: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 117 Europe: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 118 Europe: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.2 Germany
11.3.2.1 Emphasis on Modernization, Infrastructural Development, and Stringent Safety Standards to Drive Market
Table 119 Germany: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 120 Germany: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 121 Germany: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 122 Germany: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 123 Germany: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 124 Germany: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 125 Germany: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 126 Germany: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.3 France
11.3.3.1 Regulatory Frameworks and Architectural Needs to Drive Market
Table 127 France: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 128 France: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 129 France: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 130 France: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 131 France: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 132 France: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 133 France: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 134 France: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.4 UK
11.3.4.1 Development of Smart Cities and New Technologies to Drive Market
Table 135 UK: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 136 UK: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 137 UK: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 138 UK: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 139 UK: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 140 UK: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 141 UK: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 142 UK: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.5 Italy
11.3.5.1 Growing Investment in Construction Industry to Drive Market
Table 143 Italy: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 144 Italy: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 145 Italy: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 146 Italy: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 147 Italy: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 148 Italy: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 149 Italy: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 150 Italy: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.6 Spain
11.3.6.1 Sustainability in Construction and Real Estate Sectors to Drive Market
Table 151 Spain: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 152 Spain: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 153 Spain: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 154 Spain: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 155 Spain: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 156 Spain: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 157 Spain: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 158 Spain: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.3.7 Rest of Europe
Table 159 Rest of Europe: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 160 Rest of Europe: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 161 Rest of Europe: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 162 Rest of Europe: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 163 Rest of Europe: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 164 Rest of Europe: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 165 Rest of Europe: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 166 Rest of Europe: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.4 North America
11.4.1 Recession Impact
Table 167 North America: Elevators and Escalators Market, by Country, 2018-2021 (USD Million)
Table 168 North America: Elevators and Escalators Market, by Country, 2022-2028 (USD Million)
Table 169 North America: Elevators and Escalators Market, by Country, 2018-2021 (Million Units)
Table 170 North America: Elevators and Escalators Market, by Country, 2022-2028 (Million Units)
Table 171 North America: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 172 North America: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 173 North America: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 174 North America: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 175 North America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 176 North America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 177 North America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 178 North America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.4.2 US
11.4.2.1 Government Investments in Infrastructure Projects to Drive Market
Table 179 US: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 180 US: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 181 US: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 182 US: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 183 US: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 184 US: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 185 US: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 186 US: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.4.3 Canada
11.4.3.1 Investment in Residential Segment to Drive Market
Table 187 Canada: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 188 Canada: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 189 Canada: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 190 Canada: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 191 Canada: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 192 Canada: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 193 Canada: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 194 Canada: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.4.4 Mexico
11.4.4.1 Growth in Commercial Constructions to Drive Market
Table 195 Mexico: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 196 Mexico: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 197 Mexico: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 198 Mexico: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 199 Mexico: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 200 Mexico: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 201 Mexico: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 202 Mexico: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.5 South America
11.5.1 Recession Impact
Table 203 South America: Elevators and Escalators Market, by Country, 2018-2021 (USD Million)
Table 204 South America: Elevators and Escalators Market, by Country, 2022-2028 (USD Million)
Table 205 South America: Elevators and Escalators Market, by Country, 2018-2021 (Million Units)
Table 206 South America: Elevators and Escalators Market, by Country, 2022-2028 (Million Units)
Table 207 South America: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 208 South America: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 209 South America: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 210 South America: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 211 South America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 212 South America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 213 South America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 214 South America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.5.2 Brazil
11.5.2.1 Increasing Demand for Residential & Nonresidential Construction to Drive Market
Table 215 Brazil: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 216 Brazil: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 217 Brazil: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 218 Brazil: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 219 Brazil: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 220 Brazil: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 221 Brazil: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 222 Brazil: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.5.3 Argentina
11.5.3.1 Investment in Construction Sector to Drive Market
Table 223 Argentina: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 224 Argentina: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 225 Argentina: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 226 Argentina: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 227 Argentina: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 228 Argentina: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 229 Argentina: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 230 Argentina: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.5.4 Rest of South America
Table 231 Rest of South America: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 232 Rest of South America: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 233 Rest of South America: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 234 Rest of South America: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 235 Rest of South America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 236 Rest of South America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 237 Rest of South America: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 238 Rest of South America: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6 Middle East & Africa
11.6.1 Recession Impact
Table 239 Middle East & Africa: Elevators and Escalators Market, by Country, 2018-2021 (USD Million)
Table 240 Middle East & Africa: Elevators and Escalators Market, by Country, 2022-2028 (USD Million)
Table 241 Middle East & Africa: Elevators and Escalators Market, by Country, 2018-2021 (Million Units)
Table 242 Middle East & Africa: Elevators and Escalators Market, by Country, 2022-2028 (Million Units)
Table 243 Middle East & Africa: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 244 Middle East & Africa: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 245 Middle East & Africa: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 246 Middle East & Africa: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 247 Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 248 Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 249 Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 250 Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6.2 GCC Countries
Table 251 GCC Countries: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 252 GCC Countries: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 253 GCC Countries: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 254 GCC Countries: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 255 GCC Countries: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 256 GCC Countries: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 257 GCC Countries: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 258 GCC Countries: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6.2.1 UAE
11.6.2.1.1 Industrial Growth and Rise in Tourism to Drive Market
Table 259 UAE: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 260 UAE: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 261 UAE: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 262 UAE: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 263 UAE: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 264 UAE: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 265 UAE: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 266 UAE: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6.2.2 Saudi Arabia
11.6.2.2.1 Growing Non-Oil Economy to Drive Market
Table 267 Saudi Arabia: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 268 Saudi Arabia: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 269 Saudi Arabia: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 270 Saudi Arabia: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 271 Saudi Arabia: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 272 Saudi Arabia: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 273 Saudi Arabia: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 274 Saudi Arabia: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6.2.3 Rest of GCC Countries
Table 275 Rest of GCC Countries: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 276 Rest of GCC Countries: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 277 Rest of GCC Countries: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 278 Rest of GCC Countries: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 279 Rest of GCC Countries: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 280 Rest of GCC Countries: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 281 Rest of GCC Countries: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 282 Rest of GCC Countries: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
11.6.3 Rest of Middle East & Africa
Table 283 Rest of Middle East & Africa: Elevators and Escalators Market, by Type, 2018-2021 (USD Million)
Table 284 Rest of Middle East & Africa: Elevators and Escalators Market, by Type, 2022-2028 (USD Million)
Table 285 Rest of Middle East & Africa: Elevators and Escalators Market, by Type, 2018-2021 (Million Units)
Table 286 Rest of Middle East & Africa: Elevators and Escalators Market, by Type, 2022-2028 (Million Units)
Table 287 Rest of Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2018-2021 (USD Million)
Table 288 Rest of Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2022-2028 (USD Million)
Table 289 Rest of Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2018-2021 (Million Units)
Table 290 Rest of Middle East & Africa: Elevators and Escalators Market, by End-use Industry, 2022-2028 (Million Units)
12 Competitive Landscape
12.1 Overview
12.2 Key Player Strategies/Right to Win
12.2.1 Overview of Strategies Adopted by Key Players
12.3 Revenue Analysis of Key Players
Figure 40 Revenue Analysis of Key Companies in Elevators and Escalators Market
12.4 Market Share Analysis
Figure 41 Elevators and Escalators: Market Share Analysis
Table 291 Elevators and Escalators Market: Degree of Competition
12.5 Company Evaluation Matrix
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 42 Company Evaluation Matrix: Elevators and Escalators Market, 2022
12.5.5 Company Footprint
Figure 43 Elevators and Escalators Market: Product Footprint of Key Players
Table 292 Elevators and Escalators Market: Company Footprint of Key Players, by End-use Industry
Table 293 Elevators and Escalators Market: Company Footprint of Key Players, by Type
Table 294 Elevators and Escalators Market: Company Footprint of Key Players, by Region
12.6 Start-Up/SME Evaluation Matrix
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 44 Start-Ups/SMEs Evaluation Matrix: Elevators and Escalators Market, 2022
12.6.5 Competitive Benchmarking
Table 295 Elevators and Escalators Market: Detailed List of Key Start-Ups/SMEs
Table 296 Elevators and Escalators Market: Competitive Benchmarking of Key Start-Ups/SMEs
12.7 Competitive Scenario
12.7.1 Deals
Table 297 Deals, 2019-2023
12.7.2 Product Launches
Table 298 Product Launches, 2019-2023
12.7.3 Others
Table 299 Others, 2019-2023
13 Company Profiles
13.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
13.1.1 Schindler Group
Table 300 Schindler Group: Company Overview
Figure 45 Schindler Group: Company Snapshot
Table 301 Schindler Group: Products/Solutions/Services Offered
Table 302 Schindler Group: Deals
Table 303 Schindler Group: Product Launches
Table 304 Schindler Group: Others
13.1.2 Otis Worldwide Corporation
Table 305 Otis Worldwide Corporation: Company Overview
Figure 46 Otis Worldwide Corporation: Company Snapshot
Table 306 Otis Worldwide Corporation: Products/Solutions/Services Offered
Table 307 Otis Worldwide Corporation: Deals
13.1.3 Kone Corporation
Table 308 Kone Corporation: Company Overview
Figure 47 Kone Corporation: Company Snapshot
Table 309 Kone Corporation: Products/Solutions/Services Offered
Table 310 Kone Corporation: Deals
Table 311 Kone Corporation: Others
13.1.4 Hitachi Ltd.
Table 312 Hitachi Ltd.: Company Overview
Figure 48 Hitachi Ltd.: Company Snapshot
Table 313 Hitachi Ltd.: Products/Solutions/Services Offered
Table 314 Hitachi Ltd.: Deals
Table 315 Hitachi Ltd.: Product Launches
Table 316 Hitachi Ltd.: Others
13.1.5 Hyundai Elevator Co. Ltd.
Table 317 Hyundai Elevator Co. Ltd.: Company Overview
Table 318 Hyundai Elevator Co. Ltd.: Products/Solutions/Services Offered
Table 319 Hyundai Elevator Co. Ltd.: Deals
Table 320 Hyundai Elevator Co. Ltd.: Product Launches
Table 321 Hyundai Elevator Co. Ltd.: Others
13.1.6 Fujitec Co. Ltd.
Table 322 Fujitec Co. Ltd.: Company Overview
Figure 49 Fujitec Co. Ltd.: Company Snapshot
Table 323 Fujitec Co. Ltd.: Products/Solutions/Services Offered
Table 324 Fujitec Co. Ltd.: Others
13.1.7 Toshiba Elevators and Building Systems Corporation
Table 325 Toshiba Elevators and Building Systems Corporation: Company Overview
Table 326 Toshiba Elevators and Building Systems Corporation: Products/Solutions/Services Offered
13.1.8 Mitsubishi Electric Corporation
Table 327 Mitsubishi Electric Corporation: Company Overview
Figure 50 Mitsubishi Electric Corporation: Company Snapshot
Table 328 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
Table 329 Mitsubishi Electric Corporation: Product Launches
13.1.9 Tk Elevator
Table 330 Tk Elevator: Company Overview
Table 331 Tk Elevator: Products/Solutions/Services Offered
Table 332 Tk Elevator: Deals
Table 333 Tk Elevator: Product Launches
Table 334 Tk Elevator: Others
13.1.10 Sjec Corporation
Table 335 Sjec Corporation: Company Overview
Table 336 Sjec Corporation: Products/Solutions/Services Offered
13.2 Other Players
13.2.1 Kleemann
Table 337 Kleemann: Company Overview
13.2.2 Sigma Elevators
Table 338 Sigma Elevators: Company Overview
13.2.3 Electra Elevators
Table 339 Electra Elevators: Company Overview
13.2.4 Escon Elevators
Table 340 Escon Elevators: Company Overview
13.2.5 Shenyang Yuanda Intellectual Industry Group Co. Ltd.
Table 341 Shenyang Yuanda Intellectual Industry Group Co. Ltd.: Company Overview
13.2.6 Orona
Table 342 Orona: Company Overview
13.2.7 Eita Elevator
Table 343 Eita Elevator: Company Overview
13.2.8 Glarie Elevator
Table 344 Glarie Elevator: Company Overview
13.2.9 Aaron Industries Ltd.
Table 345 Aaron Industries Ltd.: Company Overview
13.2.10 Leo Elevators
Table 346 Leo Elevators: Company Overview
13.2.11 Trio Elevators Co (India) Private Limited
Table 347 Trio Elevators Co (India) Private Limited: Company Overview
13.2.12 Stannah Group
Table 348 Stannah Group: Company Overview
13.2.13 Cibes Lift
Table 349 Cibes Lift: Company Overview
13.2.14 Walton Group
Table 350 Walton Group: Company Overview
13.2.15 Expedite Automation Llp
Table 351 Expedite Automation Llp: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies
14 Adjacent & Related Market
14.1 Introduction
14.2 Limitations
14.2.1 Smart Elevator Market
14.2.1.1 Market Definition
14.2.1.2 Smart Elevator Market, by Component
14.2.1.3 Smart Elevator Market, by Application
14.2.1.4 Smart Elevator Market, by Service
14.2.1.5 Smart Elevator Market, by Region
15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options

Companies Profiled

  • Schindler Group
  • Otis Worldwide Corporation
  • Kone Corporation
  • Hitachi Ltd.
  • Hyundai Elevator Co. Ltd.
  • Fujitec Co. Ltd.
  • Toshiba Elevators and Building Systems Corporation
  • Mitsubishi Electric Corporation
  • Tk Elevator
  • Sjec Corporation
  • Kleemann
  • Sigma Elevators
  • Electra Elevators
  • Escon Elevators
  • Shenyang Yuanda Intellectual Industry Group Co. Ltd.
  • Orona
  • Eita Elevator
  • Glarie Elevator
  • Aaron Industries Ltd.
  • Leo Elevators
  • Trio Elevators Co (India) Private Limited
  • Stannah Group
  • Cibes Lift
  • Walton Group
  • Expedite Automation Llp

Methodology

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Table Information

Report AttributeDetails
No. of Pages281
PublishedJanuary 2024
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 152.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 207.4 Billion
Compound Annual Growth Rate6.4%
Regions CoveredGlobal
No. of Companies Mentioned25

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