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Global Elevators & Escalators (New Equipment, Maintenance and Modernization) Market Outlook 2022

  • ID: 4339960
  • Report
  • July 2017
  • Region: Global
  • 100 Pages
  • Rockville Research
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Comprehensive Coverage on Major Industry Drivers, Restraints, and Their Impact on Market Growth During the Forecast Period


  • KONE Corporation
  • Mitsubishi Electric
  • Schindler Holding Ltd.
  • ThyssenKrupp Group
  • MORE

The ever-growing installed base of elevators and escalators is getting further traction due to rapid urbanization, burgeoning high-rise buildings and existing low density of E&E in emerging markets. The industry manifests latest industry trends such as preference for premium-efficiency elevators, emerging Internet of Vertical Transportation and ageing installed base of elevators globally. The report “Global Elevators & Escalators (New Equipment, Maintenance and Modernization) Market Outlook 2022” provides an in-depth analysis of global elevators and escalators market. Forecasted market analysis of global elevators and escalators has been provided up till 2022.

Geographically, the market has been segmented into North America, Asia Pacific (China, Japan, Korea & India), Europe, CIS and Latin America in the report. The report provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various market specific growth opportunities at the global and regional level.

The report has been segmented as following:

  • Market Coverage:
    • New Equipment Market
    • Maintenance Market
    • Modernization Market
  • Market Segmentation by Region/Country:
    • Global
    • North America
    • APAC (excl. China)
    • China, Japan, Korea, India
    • Europe
    • CIS
    • Middle East & Africa
    • Latin America
  • Key Vendors:
    • Otis (United Technologies Corporation)
    • Mitsubishi Electric
    • Schindler Holding Ltd.
    • KONE Corporation
    • ThyssenKrupp Group

Elevators and escalators are type of vertical transportation system which aids in efficient mobilization of people or goods at various levels in a building, vessel or any other structure. Based on its end-use, elevators are broadly classified into Passenger elevator, Panoramic elevator, Bed elevator and Freight elevator. Elevators are also classified based upon technology used such as Gearless traction electric elevators, Geared traction elevators, Hydraulic elevators and Machine room-less elevators (MRL). On the other hand, escalators are classified into Moving Walkaways and Moving Stairways. Elevators and escalators market is a pure life cycle business with regular installation, modernization and replacement activities. The report covers brief analysis of Elevators & Escalators Life Cycle Assessment, Supply Chain Analysis and Value Chain Analysis.

The “Global Elevators & Escalators (New Equipment, Maintenance and Modernization) Market Outlook 2022” report, provides comprehensive market outlook of global elevators and escalators market, focusing on major market sub-segments namely, New Equipment, Maintenance and Modernization. In the report, elevators and escalators market assessment is done across major markets such as North America, Asia Pacific, China, Japan, Korea, India, Europe, Latin America, Middle East & Africa and CIS. Asia Pacific is the world’s largest elevators and escalators market. It is followed by Europe and North America at second and third position. In-depth analysis of the industry in the aforementioned regions is done on the basis of market value, installed base and new installation.

Growth of global elevators and escalators industry has been kept buoyant by burgeoning high rise buildings, rapid urbanization, low E&E in emerging economies, ageing population and maintenance regulations by government all over the world. However, major factors restraining growth of global elevators and escalators industry includes sluggishness witnessed in Chinese E&E market, high cost of equipment and rising safety and environmental concerns.

Global Elevators & Escalators industry is highly competitive with numerous market players vying to capture the market by continuous enhancement of their product and services offerings. In order to remain competitive, leading industry players such as Otis (United Technologies Corporation), Mitsubishi Electric, Schindler Holding Ltd., KONE Corporation and ThyssenKrupp Group utilize the growth opportunity effectively by continuous reformation of its offerings. These leading market players have been profiled herein based on attributes such as business overview, product segments, financial and business strategies. The report also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section.

In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global elevators and escalators market.

Note: Product cover images may vary from those shown
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  • KONE Corporation
  • Mitsubishi Electric
  • Schindler Holding Ltd.
  • ThyssenKrupp Group
  • MORE

1. Executive Summary

2. Research Methodology

3. Elevator & Escalator: Introduction
3.1 Elevators
3.1.1 Overview
3.1.2 Elevator Classification by Application
3.1.3 Elevator Classification by Technology
3.2 Escalator
3.2.1 Overview
3.3 Life Cycle, Supply Chain & Value Chain Assessment
3.3.1 Life Cycle Assessment
3.3.2 Supply Chain Analysis
3.3.3 Value Chain Analysis

4. Global Elevators & Escalators Market Analysis
4.1 Market Sizing
4.1.1 Market Size by Value (Actual & Forecasted)
4.1.2 Market Size by Volume
4.2 Market Share Analysis
4.2.1 Market Share by Region
4.2.2 Market Share by Segment
4.2.3 Market Share by Profit

5. Global Elevators & Escalators Market Segmentation
5.1 New Equipment Market
5.1.1 Overview
5.1.2 Market Size by Value (Actual & Forecasted)
5.1.3 Market Size by Volume (Actual & Forecasted)
5.1.4 Market Share by Region
5.2 Maintenance Market
5.2.1 Overview
5.2.2 Market Sizing by Volume
5.2.3 Marker Size by Value
5.2.4 Market Share by Region
5.3 Modernization Markets
5.3.1 Overview
5.3.2 Market Sizing (Actual & Forecasted)

6. Global Elevators & Escalators Market: Regional Analysis
6.1 North America
6.2 APAC (excl. China)
6.2.1 Market Share by Nations
6.3 China
6.4 Japan & Korea
6.5 India
6.6 Europe
6.6.1 Middle East & Africa
6.7 CIS
6.8 Latin America

7. Global Elevators & Escalators Market Dynamics
7.1 Market Trends
7.1.1 Premium-efficiency elevators
7.1.2 Internet of Vertical Transportation
7.1.3 Ageing Installed Base
7.2 Growth Drivers
7.2.1 Burgeoning High-rise Buildings
7.2.2 Rapid Urbanization
7.2.3 Low E&E Density in Emerging Markets
7.2.4 Ageing Population
7.2.5 Maintenance Regulations
7.3 Challenges
7.3.1 Sluggish Chinese E&E Market
7.3.2 High Cost of Equipment
7.3.3 Safety & Environmental Concerns

8. Competitive Landscape
8.1 Competitors Market Share Analysis
8.1.1 Global
8.1.2 Europe
8.1.3 Asia Pacific
8.1.4 China
8.1.5 America
8.2 Competitors Market Share by Segment
8.2.1 New Equipment
8.2.2 Maintenance
8.3 Others

9. Company Profiles
9.1 Otis (United Technologies Corporation)
9.2 Mitsubishi Electric
9.3 Schindler Holding Ltd
9.4 KONE Corp.
9.5 ThyssenKrupp Group

Note: Product cover images may vary from those shown
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4 of 4
  • KONE Corporation
  • Mitsubishi Electric
  • Otis (United Technologies Corporation)
  • Schindler Holding Ltd.
  • ThyssenKrupp Group
Note: Product cover images may vary from those shown