Elevator and Escalator Market in the US 2017-2021

  • ID: 4202012
  • Report
  • Region: United States
  • 70 pages
  • TechNavio
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until May 31st 2018
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FEATURED COMPANIES

  • Bramalea Elevator
  • Excel lifts
  • Garaventa Lift
  • KONE
  • Mowrey Elevator Company
  • PFlow Industries
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Elevator and Escalator

Elevators help move people and goods easily and efficiently within a building. They are installed in commercial buildings, residential buildings, mixed-use buildings, IT parks, hotels, restaurants, and retail outlets. They are also installed in parking areas to optimize the use of space. Escalators are moving stairs/walkways utilized to securely transport masses of individuals, loads, and gears from one point to another. They can be classified into inclined escalators and horizontal escalators. The inclined escalators are the most common form of escalators. The horizontal escalators are more frequently referred as either moving walkways or travellators. They are primarily used in transit applications where a massive traffic is to be transported.

The analysts forecast the elevator and escalator market in the USA to grow at a CAGR of 4.24% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the elevator and escalator market in the USA for 2017-2021. To calculate the market size, the report considers the revenue generated from various sources such as installing new units, maintenance of existing units, and modernization of existing units in the country during the forecast period.

The report, Elevator and Escalator Market in the USA 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- FUJITEC
- KONE
- Mitsubishi Electric US
- OTIS ELEVATOR
- Schindler
- thyssenkrupp Elevator

Other prominent vendors
- American Crescent Elevator
- Bramalea Elevator
- Cambridge Elevating
- Delta Elevator
- Excel Elevator & Escalator
- Excel lifts
- Federal Elevator
- Garaventa Lift
- GEDA USA Elevator and Material Lift Company
- Gillespie
- Hidral USA
- Inclinator Company of America
- Matot
- Mowrey Elevator Company
- Nationwide Lifts
- PFlow Industries
- Phoenix Modular Elevator
- Pneumatic Vacuum Elevators
- Premier Elevator
- Savaria
- Schumacher Elevator Company
- Symmetry Elevating Solutions
- Vertechs Elevator Ontario
- Waupaca Elevator Company

Market drivers
- Demand for modernization and maintenance.
- For a full, detailed list, view the full report

Market challenges
- Reluctance to modernize and reduce elevators' energy use.
- For a full, detailed list, view the full report

Market trends
- Increasing adoption of energy-efficient elevators and escalators.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bramalea Elevator
  • Excel lifts
  • Garaventa Lift
  • KONE
  • Mowrey Elevator Company
  • PFlow Industries
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Elevator and escalator market in US by product
  • Elevator market in US
  • Escalator market in US
PART 07: Market segmentation by service
  • Elevator and escalator market in US by service
  • Elevator and escalator market in US by new installations
  • Elevator and escalator market in US by modernization
PART 08: Market drivers
  • Changing demographics
  • Demand for modernization and maintenance
  • Increasing adoption of smart homes
PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 14: Key vendor analysis
  • Fujitec
  • KONE
  • Mitsubishi Electric Elevators US
  • Otis
  • Schindler
  • thyssenkrupp Elevator
  • Recent developments
PART 15: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Market size calculation steps
Exhibit 02: Product offerings
Exhibit 03: Classification of elevators
Exhibit 04: Classification of escalators
Exhibit 05: Market classification
Exhibit 06: Elevator and escalator market in US 2016-2021 ($ millions)
Exhibit 07: Five forces analysis
Exhibit 08: Elevator and escalator market in US by product 2016-2021 (%)
Exhibit 09: Elevator market in US 2016-2021 ($ millions)
Exhibit 10: List of proposed high-rise construction projects expected to boost elevator market in US
Exhibit 11: Escalator market in US 2016-2021 ($ millions)
Exhibit 12: List of construction projects expected to boost escalator market in US
Exhibit 13: Elevator and escalator market in US by service 2016 and 2021 (%)
Exhibit 14: Elevator and escalator market in US by new installations 2016-2021 ($ millions)
Exhibit 15: Elevator and escalator market in US by maintenance 2016-2021 ($ millions)
Exhibit 16: Elevator and escalator market in US by modernization 2016-2021 ($ millions)
Exhibit 17: Impact of drivers
Exhibit 18: Impact of drivers and challenges
Exhibit 19: FUJITEC: Elevator technical specifications
Exhibit 20: FUJITEC: Recent developments
Exhibit 21: KONE: Elevators technical specifications
Exhibit 22: KONE: Escalator technical specifications
Exhibit 23: KONE: Escalator technical specifications
Exhibit 24: KONE: Moving walkways technical specifications
Exhibit 25: KONE: Recent developments
Exhibit 26: Mitsubishi Electric US: Business segmentation
Exhibit 27: Mitsubishi Electric US: Recent developments
Exhibit 28: Otis Elevator: Technical specifications
Exhibit 29: Otis Escalators technical specifications
Exhibit 30: Otis moving walkways technical specifications
Exhibit 31: Otis Elevator: Recent developments
Exhibit 32: Schindler: Recent developments
Exhibit 33: thyssenkrupp Elevator: Technical specifications
Exhibit 34: thyssenkrupp Escalator: Technical specifications
Exhibit 35: ThyssenKrupp moving walks: Technical specifications
Exhibit 36: thyssenkrupp Elevator: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bramalea Elevator
  • Excel lifts
  • Garaventa Lift
  • KONE
  • Mowrey Elevator Company
  • PFlow Industries
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Elevator and Escalator Market in the USA 2017-2021

The author of the report recognizes the following companies as the key players in the elevator and escalator market in the USA: FUJITEC, KONE, Mitsubishi Electric US, OTIS ELEVATOR, Schindler, and thyssenkrupp Elevator.

Other Prominent Vendors in the market are: American Crescent Elevator, Bramalea Elevator, Cambridge Elevating, Delta Elevator, Excel Elevator & Escalator, Excel lifts, Federal Elevator, Garaventa Lift, GEDA USA Elevator and Material Lift Company, Gillespie, Hidral USA, Inclinator Company of America, Matot, Mowrey Elevator Company, Nationwide Lifts, PFlow Industries, Phoenix Modular Elevator, Pneumatic Vacuum Elevators, Premier Elevator, Savaria, Schumacher Elevator Company, Symmetry Elevating Solutions, Vertechs Elevator Ontario, and Waupaca Elevator Company.

Commenting on the report, an analyst from the research team said: “One trend in market is rise of smart elevators. Smart elevators utilize different sensors to recognize the ongoing activity of various components in the lift. This data from the sensors are validated and sent to an application. The application then processes the data in real-time for various benefits. Major vendors such as KONE and Otis Elevator are partnering with technology giants that include Apple, IBM, and Microsoft to improve product offerings.”

According to the report, one driver in market is stringent safety regulations. Though stricter norms could have reduced the damage or death, each year there are lethal mishaps that bring up the issue whether. After the two deadly mishaps in December 2011, two areas have come in for examination. One is licensing prerequisites for elevator professionals, and the other is the safety standards that apply to more established existing lifts. In both the cases, the maintenance office needs to follow local and state laws. The standard followed by most service providers is American Society of Mechanical Engineers (ASME) standard A17.1 and Safety Code for Elevators and Escalators. As the regulations get more stringent, the elevators must be modernized or replaced to meet the new requirements. For example, the recent revision ensured that any hydraulic elevator that has a portion of the cylinder covered in the ground and a cylinder without a safety bulkhead or dual cylinder should be replaced with a cylinder with polyvinyl chloride (PVC) linings for corrosion protection.

Further, the report states that one challenges in market is fragile US construction market. In 2015, housing and office construction spurred the construction boom. The fast pace of apartment building had saturated a few markets. Foreign investments sought higher returns and invested heavily in skyscraper apartment suites in Miami and hotels in New York, making some overcapacity. As an example, Pollack Shores Real Estate Group put on hold arrangements to construct a 315-unit apartment complex in the Atlanta region as a few new structures entered the market. The stoppage in construction works can also be found in construction payrolls. Balanced for occasional variances, the quantity of individuals working in the field dropped by 22,000 in March 2016. It was first run through the occupation check and had dropped for two straight months since 2012. However, the net payroll addition for the year remained positive.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

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  • FUJITEC
  • KONE
  • Mitsubishi Electric US
  • OTIS ELEVATOR
  • Schindler
  • thyssenkrupp Elevator
  • American Crescent Elevator
  • Bramalea Elevator
  • Cambridge Elevating
  • Delta Elevator
  • Excel Elevator & Escalator
  • Excel lifts
  • Federal Elevator
  • Garaventa Lift
  • GEDA USA Elevator Material Lift Company
  • Gillespie
  • Hidral US
  • Inclinator Company of Americ
  • Matot
  • Mowrey Elevator Company
  • Nationwide Lifts
  • PFlow Industries
  • Phoenix Modular Elevator
  • Pneumatic Vacuum Elevators
  • Premier Elevator
  • Savari
  • Schumacher Elevator Company
  • Symmetry Elevating Solutions
  • Vertechs Elevator Ontario
  • Waupaca Elevator Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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