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Global Elevator & Escalator Market (by Service, Technology, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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    Report

  • 156 Pages
  • May 2022
  • Region: Global
  • Koncept Analytics
  • ID: 5321787
10% Free customization
10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

FEATURED COMPANIES

  • Hitachi, Ltd.
  • Kone Oyj
  • The Schindler Group
  • ThyssenKrupp AG
10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The global elevator & escalator (E&E) market is likely to escalate to US$148.94 billion in 2026, progressing at a CAGR of 5.65% during the period spanning from 2022 to 2026. The factors such as proliferation of construction activities, surging geriatric population, booming digitalization, ageing installed base of elevators and escalators and expanding urbanization would drive the growth of the market. However, the market growth would be challenged by high cost of installation and maintenance, compliance with standards and regulations and dearth of skilled workforce. A few notable trends may include escalation in tourism activities, accelerating development of smart cities, growing penetration of novel technologies, expanding demand for energy efficient elevators and upsurge in verticalization of cities.



The global E&E market is categorized on the basis of service, technology and application. On the basis of service, the global market can be bifurcated into maintenance, new installation/equipment and modernization. According to the technology, the market can be categorized into machine room-less, hydraulic and traction. Whereas, in terms of applications, the global E&E market can be divided into residential, commercial and industrial & other application.

The fastest growing regional market was Asia Pacific due to rising investments in the construction industry and steady growth in infrastructure in both the residential and non-residential sectors, increasing shift towards eco-efficiency, flexible design, and safety and development of mega cities and infrastructure projects in developing countries such as Indonesia, India, China, and Philippines.

Scope of the report

  • The report provides a comprehensive analysis of the global E&E market segmented on the basis of service, technology, application and region with potential impact of COVID-19.
  • The major regional markets Asia Pacific, EMEA and Americas with focus on countries like China, Japan & Korea, Spain and the U.S. have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Hitachi, Ltd., ThyssenKrupp AG, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Kone Oyj and The Schindler Group) are also presented in detail.

Key Target Audience

  • Elevator & Escalator Manufacturers
  • Raw Material/Component Providers
  • End Users (Businesses/Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities
Please note: 10% free customization equates to up to 3 hours of analyst time.
Frequently Asked Questions about the Global Elevator & Escalator Market

What is the estimated value of the Global Elevator & Escalator Market?

The Global Elevator & Escalator Market was estimated to be valued at $119.5 Billion in 2022.

What is the growth rate of the Global Elevator & Escalator Market?

The growth rate of the Global Elevator & Escalator Market is 5.6%, with an estimated value of $148.9 Billion by 2026.

What is the forecasted size of the Global Elevator & Escalator Market?

The Global Elevator & Escalator Market is estimated to be worth $148.9 Billion by 2026.

Who are the key companies in the Global Elevator & Escalator Market?

Key companies in the Global Elevator & Escalator Market include The Schindler Group, Hitachi, Ltd., Mitsubishi Electric Corporation, ThyssenKrupp AG and Kone Oyj.

FEATURED COMPANIES

  • Hitachi, Ltd.
  • Kone Oyj
  • The Schindler Group
  • ThyssenKrupp AG

1. Market Overview
1.1 Elevators & Escalators
1.2 Life Cycle of Elevators & Escalators
1.3 Supply Chain
1.4 Value Chain Analysis
2. Impact of COVID-19
2.1 Halt in Construction Activities
2.2 Decline in Global Real Estate Investment
2.3 Drop in Industrial Production
2.4 Instability in Trade Volume
2.5 Disruption of Supply Chain
3. Global Market Analysis
3.1 Global E&E Market by Value
3.2 Global E&E Market Forecast by Value
3.3 Global E&E Market by Service
3.4 Global E&E Maintenance Market
3.4.1 Global E&E Maintenance Market Forecast by Value
3.4.2 Global E&E Maintenance Installed Base Volume
3.4.3 Global E&E Maintenance Installed Base Volume Forecast
3.4.4 Global E&E Maintenance Market Volume by Region
3.5 Global E&E New Equipment Market
3.5.1 Global E&E New Equipment Market Forecast by Value
3.5.2 Global E&E New Equipment Market Value by Region
3.5.3 Global E&E New Equipment Market by Volume
3.5.4 Global E&E New Equipment Market Forecast by Volume
3.5.5 Global E&E New Equipment Market Demand by Application
3.6 Global E&E Modernization Market
3.6.1 Global E&E Modernization Market Forecast by Value
3.6.2 Global E&E Modernization Market Value by Region
3.7 Global E&E Market by Technology
3.7.1 Global E&E Machine Room-less Technology Market Forecast by Value
3.7.2 Global E&E Hydraulic Technology Market Forecast by Value
3.7.3 Global E&E Traction Technology Market Forecast by Value
3.8 Global E&E Market by Application
3.8.1 Global E&E Application Market Forecast by Value
3.9 Global E&E Market Value by Region
4. Regional Market
4.1 Asia-Pacific
4.1.1 Asia-Pacific E&E Market Forecast by Value
4.1.2 China E&E Market Forecast by Value
4.1.3 China E&E Installed Base Volume
4.1.4 China E&E Installed Base Volume Forecast
4.1.5 China E&E New Installations Forecast
4.1.6 China E&E New Installations Demand by End Market
4.1.7 China E&E Market by Application
4.1.8 China E&E Export Volume
4.1.9 China E&E Export Volume Forecast
4.1.10 China E&E Maintenance Services by Type
4.1.11 Japan & Korea E&E Installed Base Volume
4.1.12 Japan & Korea E&E Installed Base Volume Forecast
4.1.13 India E&E Installed Base Volume Forecast
4.2 EMEA
4.2.1 EMEA E&E Market Forecast by Value
4.2.2 EMEA E&E Installed Base Volume
4.2.3 EMEA E&E Installed Base Volume Forecast
4.2.4 EMEA E&E New Installation Volume Forecast
4.2.5 Spain E&E Market Forecast by Value
4.2.6 Spain E&E Market by Service
4.2.7 Spain E&E Maintenance Market Forecast by Value
4.2.8 Spain E&E New Installation Market Forecast by Value
4.3 Americas
4.3.1 Americas E&E Market Forecast by Value
4.3.2 North America E&E Installed Base Volume Forecast
4.3.3 North America E&E New Installation Volume Forecast
4.3.4 The U.S. E&E New Installation Volume Forecast
4.3.5 The U.S. Elevator New Installation Market by Type
4.3.6 South America E&E Installed Base Volume Forecast
4.3.7 South America E&E New Installation Volume Forecast
5. Smart Elevator Market
5.1 Global Smart Elevator Market by Value
5.2 Global Smart Elevator Market Forecast by Value
5.3 Global Smart Elevator Market by End Users
5.4 Global Smart Elevator Market by Service
5.5 Asia-Pacific Smart Elevator Market
5.5.1 Asia-Pacific Smart Elevator Market by Value
5.5.2 Asia-Pacific Smart Elevator Market Forecast by Value
5.5.3 Asia-Pacific Smart Elevator Market by Service
5.5.4 Asia-Pacific Smart Elevator Modernization Market Forecast by Value
5.5.5 Asia-Pacific Smart Elevator New Installation Market Forecast by Value
5.5.6 Asia-Pacific Smart Elevator Maintenance Market Forecast by Value
5.6 Asia Pacific Smart Elevator Market by Country
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Proliferation of Construction Activities
6.1.2 Surging Geriatric Population
6.1.3 Booming Digitalization
6.1.4 Ageing Installed Base of Elevators and Escalators
6.1.5 Expanding Urbanization
6.2 Key Trends and Developments
6.2.1 Escalation in Tourism Activities
6.2.2 Accelerating Development of Smart Cities
6.2.3 Growing Penetration of Novel Technologies
6.2.4 Expanding Demand for Energy Efficient Elevators
6.2.5 Upsurge in Verticalization of Cities
6.3 Challenges
6.3.1 High Cost of Installation & Maintenance
6.3.2 Compliance with Standards and Regulations
6.3.3 Increasing Concerns about Elevator and Escalator Accidents
6.3.4 Dearth of Skilled Workforce
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison of Key Players
7.1.2 Market Capitalization Comparison of Key Players
7.1.3 R&D Comparison of Key Players
7.1.4 Global E&E Market Share by Key Players
7.1.5 Global E&E New Equipment Market Share by Key Players
7.1.6 Global E&E Maintenance Market Share by Key Players
7.2 Asia-Pacific
7.2.1 Asia-Pacific E&E Market Share by Key Players
7.2.2 China E&E Market Share by Key Players
7.2.3 India E&E New Equipment Market Share by Key Players
7.3 EMEA
7.3.1 EMEA E&E Market Share by Key Players
7.3.2 Spain E&E Maintenance Market Share by Key Players
7.4 Americas
7.4.1 Americas E&E Market Share by Key Players
8. Company Profiles
8.1 Hitachi, Ltd.
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 ThyssenKrupp AG
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 Mitsubishi Electric Corporation
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategies
8.4 Otis Worldwide Corporation
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategies
8.5 Kone Oyj
8.5.1 Business Overview
8.5.2 Financial Overview
8.5.3 Business Strategies
8.6 The Schindler Group
8.6.1 Business Overview
8.6.2 Financial Overview
8.6.3 Business Strategies
List of Charts
Types of Elevators
Life Cycle of E&E Equipment
Supply Chain Analysis
Value Chain Analysis
New Construction put in place in the U.S. (2016-2020)
Global Commercial Real Estate Investment Transactions (2019-2020)
Chinese Industrial Production (2018-2021)
Global Trade Volume (Jan 2020-Feb 2021)
Global E&E Market by Value (2017-2021)
Global E&E Market Forecast by Value (2022-2026)
Global E&E Market by Service (2021)
Global E&E Maintenance Market Forecast by Value (2019-2026)
Global E&E Maintenance Installed Base Volume (2017-2021)
Global E&E Maintenance Installed Base Volume Forecast (2022-2026)
Global E&E Maintenance Market Volume by Region (2021)
Global E&E New Equipment Market Forecast by Value (2019-2026)
Global E&E New Equipment Market Value by Region (2021)
Global E&E New Equipment Market by Volume (2017-2021)
Global E&E New Equipment Market Forecast by Volume (2022-2026)
Global E&E New Equipment Market Demand by Application (2021)
Global E&E Modernization Market Forecast by Value (2019-2026)
Global E&E Modernization Market Value by Region (2021)
Global E&E Market by Technology (2021)
Global E&E Machine Room-less Technology Market Forecast by Value (2019-2026)
Global E&E Hydraulic Technology Market Forecast by Value (2019-2026)
Global E&E Traction Technology Market Forecast by Value (2019-2026)
Global E&E Market by Application (2021)
Global E&E Application Market Forecast by Value (2019-2026)
Global E&E Market Value by Region (2021)
Asia-Pacific E&E Market Forecast by Value (2019-2026)
China E&E Market Forecast by Value (2019-2026)
China E&E Installed Base Volume (2017-2021)
China E&E Installed Base Volume Forecast (2022-2026)
China E&E New Installations Forecast (2019-2026)
China E&E New Installations Demand by End Market (2021)
China E&E Market by Application (2021)
China E&E Export Volume (2017-2021)
China E&E Export Volume Forecast (2022-2026)
China E&E Maintenance Services by Type (2021)
Japan & Korea E&E Installed Base Volume (2017-2021)
Japan & Korea E&E Installed Base Volume Forecast (2022-2026)
India E&E Installed Base Volume Forecast (2019-2026)
EMEA E&E Market Forecast by Value (2019-2026)
EMEA E&E Installed Base Volume (2017-2021)
EMEA E&E Installed Base Volume Forecast (2022-2026)
EMEA E&E New Installation Volume Forecast (2019-2026)
Spain E&E Market Forecast by Value (2019-2026)
Spain E&E Market by Service (2021)
Spain E&E Maintenance Market Forecast by Value (2019-2026)
Spain E&E New Installation Market Forecast by Value (2019-2026)
Americas E&E Market Forecast by Value (2019-2026)
North America E&E Installed Base Volume Forecast (2019-2026)
North America E&E New Installation Volume Forecast (2019-2026)
The U.S. E&E New Installation Volume Forecast (2019-2026)
The U.S. Elevator New Installation Market by Type (2021)
South America E&E Installed Base Forecast (2019-2026)
South America E&E New Installation Volume Forecast (2019-2026)
Global Smart Elevator Market by Value (2017-2021)
Global Smart Elevator Market Forecast by Value (2022-2026)
Global Smart Elevator Market by End Users (2021)
Global Smart Elevator Market by Service (2021)
Asia-Pacific Smart Elevator Market by Value (2017-2021)
Asia-Pacific Smart Elevator Market Forecast by Value (2022-2026)
Asia-Pacific Smart Elevator Market by Service (2021)
Asia-Pacific Smart Elevator Modernization Market Forecast by Value (2019-2026)
Asia-Pacific Smart Elevator New Installation Market Forecast by Value (2019-2026)
Asia-Pacific Smart Elevator Maintenance Market Forecast by Value (2019-2026)
Asia Pacific Smart Elevator Market by Country (2021)
Global Construction Industry Expenditure Forecast (2017-2024)
Global Population Aged 60 Years & Above (2010-2050)
Global Spending on Digital Transformation Technologies and Services (2019-2025)
Elevators Older than 20 Years in Major Markets (2021)
Global Urban Population (2017-2021)
Global Spending on Leisure Tourism (2020-2029)
Global Smart City Market Forecast (2018-2025)
Global Average E&E New Installation Price Per Unit (2017-2021)
Global E&E Market Share by Key Players (2021)
Global E&E New Equipment Market Share by Key Players (2021)
Global E&E Maintenance Market Share by Key Players (2021)
Asia-Pacific E&E Market Share by Key Players (2021)
China E&E Market Share by Key Players (2021)
China New Equipment Market Share by Key Players (2021)
India E&E New Equipment Market Share by Key Players (2021)
EMEA E&E Market Share by Key Players (2021)
Spain E&E Maintenance Market Share by Key Players (2021)
Americas E&E Market Share by Key Players (2021)
Hitachi, Ltd. Revenue and Net Income (2017-2021)
Hitachi, Ltd. Revenue by Segment (2021)
Hitachi, Ltd. Revenue by Region (2021)
ThyssenKrupp AG Sales and Net Income (Loss) (2017-2021)
ThyssenKrupp AG Sales by Segment (2021)
ThyssenKrupp AG Sales by Region (2021)
List of Tables
Manufacturing PMI of Selected Countries (March 2020)
Revenue Comparison of Key Players (2021)
Market Capitalization Comparison of Key Players (2022)
R&D Comparison of Key Players (2021)
  • The Schindler Group
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • ThyssenKrupp AG
  • Otis Worldwide Corporation
  • Kone Oyj