Europe Elevator Equipment & Service Market 2020-2027 by Offering, Product Type, Technology, End-use, and Country: Trend Outlook and Growth Opportunity

The Europe elevator equipment & service market was valued at $29.7 billion in 2020 and will grow by 3.8% annually over 2020-2027 owing to the rising urbanization, upswing in digitalization, increasing geriatric population, growing construction and maintenance/upgrade activities.

Highlighted with 37 tables and 56 figures, this 111-page report “Europe Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End-use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire Europe elevator equipment & service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.

The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe elevator equipment & service market in every aspect of the classification from perspectives of Offering, Product Type, Technology, End-use, and Country.

Report Scope

Based on Offering, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Elevator Equipment
- Passenger & Freight Elevators
- Escalators & Moving Walkways
- Parts & Accessories
Elevator Service
- Installation Service
- Maintenance & Repair Service
- Modernization & Upgrade Service

Based on Product Type, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Elevators
Escalators
Moving Walkways

Based on Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Hydraulic Elevators
- Conventional Hydraulic Elevators
- Hole-less Hydraulic Elevators
- Roped Hydraulic Elevators
Traction Elevators
- Geared Traction Elevators
- Gear-less Traction Elevators
- Machine Room-Less Elevators
Climbing Elevators
Pneumatic/Vacuum Elevators

Based on End-use, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Residential Use
Commercial Use
Industrial Use
Other End-uses

Geographically, the following national/local markets are fully investigated:

Germany
UK
France
Spain
Italy
Russia
Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and data for annual revenue ($ bn) are available for 2017-2027. The breakdown of key national markets by Offering, Product Type, and End-use over the forecast years is also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

Fujitec Corporation Limited
Hitachi, Ltd.
Hyundai Elevator Co. Ltd.
Kleemann Hellas S.A.
Kone Corporation
Mitsubishi Electric Corporation
Otis Worldwide Corporation
Schindler Group
Sigma Elevator Company Limited
ThyssenKrupp AG
Toshiba Elevator and Building Systems Corporation

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Frequently Asked Questions about the European Elevator Equipment & Service Market

What is the estimated value of the European Elevator Equipment & Service Market?

The European Elevator Equipment & Service Market was estimated to be valued at $29.7 Billion in 2020.

What is the growth rate of the European Elevator Equipment & Service Market?

The growth rate of the European Elevator Equipment & Service Market is 3.7%, with an estimated value of $38.4 Billion by 2027.

What is the forecasted size of the European Elevator Equipment & Service Market?

The European Elevator Equipment & Service Market is estimated to be worth $38.4 Billion by 2027.

Who are the key companies in the European Elevator Equipment & Service Market?

Key companies in the European Elevator Equipment & Service Market include Fujitec Corporation Limited, Hitachi, Ltd., Hyundai Elevator Co. Ltd., Kleemann Hellas S.A., Kone Corporation, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Schindler Group and ThyssenKrupp AG.

Report Attribute	Details
No. of Pages	111
Published	August 2021
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 29.7 Billion
Forecasted Market Value ( USD ) by 2027	$ 38.4 Billion
Compound Annual Growth Rate	3.7%
Regions Covered	Europe

1 Introduction

1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary

2 Market Overview and Dynamics

2.1 Market Size and Forecast
2.1.1 Impact of COVID-19 on World Economy
2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 Segmentation of Europe Market by Offering

3.1 Market Overview by Offering
3.2 Elevator Equipment
3.2.1 Passenger & Freight Elevators
3.2.2 Escalators & Moving Walkways
3.2.3 Parts & Accessories
3.3 Elevator Service
3.3.1 Installation Service
3.3.2 Maintenance & Repair Service
3.3.3 Modernization & Upgrade Service

4 Segmentation of Europe Market by Product Type

4.1 Market Overview by Product Type
4.2 Elevators
4.3 Escalators
4.4 Moving Walkways

5 Segmentation of Europe Market by Technology

5.1 Market Overview by Technology
5.2 Hydraulic Elevators
5.2.1 Conventional Hydraulic Elevators
5.2.2 Hole-less Hydraulic Elevators
5.2.3 Roped Hydraulic Elevators
5.3 Traction Elevators
5.3.1 Geared Traction Elevators
5.3.2 Gear-less Traction Elevators
5.3.3 Machine Room-Less Elevators
5.4 Climbing Elevators
5.5 Pneumatic/Vacuum Elevators

6 Segmentation of Europe Market by End Use

6.1 Market Overview by End Use
6.2 Residential Use
6.3 Commercial Use
6.4 Industrial Use
6.5 Other End Uses

7 European Market 2020-2027 by Country

7.1 Overview of European Market
7.2 UK
7.3 France
7.4 Germany
7.5 Spain
7.6 Italy
7.7 Russia
7.8 Rest of European Market

8 Competitive Landscape

8.1 Overview of Key Vendors
8.2 New Product Launch, Partnership, Investment, and M&A
8.3 Company Profiles

Fujitec Corporation Limited
Hitachi, Ltd.
Hyundai Elevator Co. Ltd.
Kleemann Hellas S.A.
Kone Corporation
Mitsubishi Electric Corporation
Otis Worldwide Corporation
Schindler Group
Sigma Elevator Company Limited
ThyssenKrupp AG
Toshiba Elevator and Building Systems Corporation

List of Tables:

Table 1. Snapshot of Europe Elevator Equipment & Service Market in Balanced Perspective, 2020-2027
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. World Construction Industry Output, 2017-2030, $ trillion
Table 4. Main Product Trends and Market Opportunities in Europe Elevator Equipment & Service Market
Table 5. Europe Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 6. Europe Elevator Equipment & Service Market: Elevator Equipment by Type, 2017-2027, $ bn
Table 7. Europe Elevator Equipment & Service Market: Elevator Service by Type, 2017-2027, $ bn
Table 8. Europe Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 9. Europe Elevator Equipment & Service Market by Technology, 2017-2027, $ bn
Table 10. Europe Elevator Equipment & Service Market: Hydraulic Elevators by Type, 2017-2027, $ bn
Table 11. Europe Elevator Equipment & Service Market: Traction Elevators by Type, 2017-2027, $ bn
Table 12. Europe Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 13. Europe Elevator Equipment & Service Market by Country, 2017-2027, $ bn
Table 14. UK Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 15. UK Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 16. UK Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 17. France Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 18. France Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 19. France Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 20. Germany Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 21. Germany Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 22. Germany Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 23. Spain Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 24. Spain Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 25. Spain Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 26. Italy Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 27. Italy Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 28. Italy Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 29. Russia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn
Table 30. Russia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn
Table 31. Russia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn
Table 32. Elevator Equipment & Service Market in Rest of Europe by Country, 2017-2027, $ bn
Table 33. Breakdown of World Elevator Equipment & Service Market by Key Vendor, 2020, %
Table 34. Fujitec Corporation Limited: Company Snapshot
Table 35. Fujitec Corporation Limited: Business Segmentation
Table 36. Fujitec Corporation Limited: Product Portfolio
Table 37. Fujitec Corporation Limited: Revenue, 2017-2019, $ bn

List of Figures:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027
Figure 4. Europe Elevator Equipment & Service Market, 2017-2027, $ bn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Europe Elevator Equipment & Service Market
Figure 7. GDP per capita in the World, 1960-2018, $ thousand
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 9. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million
Figure 10. World Population 65 and Over, % of Total Population, 1950-2060
Figure 11. Primary Restraints and Impact Factors of Europe Elevator Equipment & Service Market
Figure 12. Investment Opportunity Analysis
Figure 13. Porter’s Fiver Forces Analysis of Europe Elevator Equipment & Service Market
Figure 14. Breakdown of Europe Elevator Equipment & Service Market by Offering, 2020-2027, % of Revenue
Figure 15. Contribution to Europe 2021-2027 Cumulative Revenue by Offering, Value ($ bn) and Share (%)
Figure 16. Europe Elevator Equipment & Service Market: Elevator Equipment, 2017-2027, $ bn
Figure 17. Europe Elevator Equipment & Service Market: Passenger & Freight Elevators, 2017-2027, $ bn
Figure 18. Europe Elevator Equipment & Service Market: Escalators & Moving Walkways, 2017-2027, $ bn
Figure 19. Europe Elevator Equipment & Service Market: Parts & Accessories, 2017-2027, $ bn
Figure 20. Europe Elevator Equipment & Service Market: Elevator Service, 2017-2027, $ bn
Figure 21. Europe Elevator Equipment & Service Market: Installation Service, 2017-2027, $ bn
Figure 22. Europe Elevator Equipment & Service Market: Maintenance & Repair Service, 2017-2027, $ bn
Figure 23. Europe Elevator Equipment & Service Market: Modernization & Upgrade Service, 2017-2027, $ bn
Figure 24. Breakdown of Europe Elevator Equipment & Service Market by Product Type, 2020-2027, % of Revenue
Figure 25. Contribution to Europe 2021-2027 Cumulative Revenue by Product Type, Value ($ bn) and Share (%)
Figure 26. Europe Elevator Equipment & Service Market: Elevators, 2017-2027, $ bn
Figure 27. Europe Elevator Equipment & Service Market: Escalators, 2017-2027, $ bn
Figure 28. Europe Elevator Equipment & Service Market: Moving Walkways, 2017-2027, $ bn
Figure 29. Breakdown of Europe Elevator Equipment & Service Market by Technology, 2020-2027, % of Revenue
Figure 30. Contribution to Europe 2021-2027 Cumulative Revenue by Technology, Value ($ bn) and Share (%)
Figure 31. Europe Elevator Equipment & Service Market: Hydraulic Elevators, 2017-2027, $ bn
Figure 32. Europe Elevator Equipment & Service Market: Conventional Hydraulic Elevators, 2017-2027, $ bn
Figure 33. Europe Elevator Equipment & Service Market: Hole-less Hydraulic Elevators, 2017-2027, $ bn
Figure 34. Europe Elevator Equipment & Service Market: Roped Hydraulic Elevators, 2017-2027, $ bn
Figure 35. Europe Elevator Equipment & Service Market: Traction Elevators, 2017-2027, $ bn
Figure 36. Europe Elevator Equipment & Service Market: Geared Traction Elevators, 2017-2027, $ bn
Figure 37. Europe Elevator Equipment & Service Market: Gear-less Traction Elevators, 2017-2027, $ bn
Figure 38. Europe Elevator Equipment & Service Market: Machine Room-Less Elevators, 2017-2027, $ bn
Figure 39. Europe Elevator Equipment & Service Market: Climbing Elevators, 2017-2027, $ bn
Figure 40. Europe Elevator Equipment & Service Market: Pneumatic/Vacuum Elevators, 2017-2027, $ bn
Figure 41. Breakdown of Europe Elevator Equipment & Service Market by End Use, 2020-2027, % of Revenue
Figure 42. Contribution to Europe 2021-2027 Cumulative Revenue by End Use, Value ($ bn) and Share (%)
Figure 43. Europe Elevator Equipment & Service Market: Residential Use, 2017-2027, $ bn
Figure 44. Europe Elevator Equipment & Service Market: Commercial Use, 2017-2027, $ bn
Figure 45. Europe Elevator Equipment & Service Market: Industrial Use, 2017-2027, $ bn
Figure 46. Europe Elevator Equipment & Service Market: Other End Uses, 2017-2027, $ bn
Figure 47. Breakdown of European Elevator Equipment & Service Market by Country, 2020 and 2027, % of Revenue
Figure 48. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ bn) and Share (%)
Figure 49. Elevator Equipment & Service Market in UK, 2017-2027, $ bn
Figure 50. Elevator Equipment & Service Market in France, 2017-2027, $ bn
Figure 51. Elevator Equipment & Service Market in Germany, 2017-2027, $ bn
Figure 52. Elevator Equipment & Service Market in Spain, 2017-2027, $ bn
Figure 53. Elevator Equipment & Service Market in Italy, 2017-2027, $ bn
Figure 54. Elevator Equipment & Service Market in Russia, 2017-2027, $ bn
Figure 55. Elevator Equipment & Service Market in Rest of Europe, 2017-2027, $ bn
Figure 56. Growth Stage of Europe Elevator Equipment & Service Industry over the Forecast Period

Companies Mentioned

A selection of companies mentioned in this report includes:

Fujitec Corporation Limited
Hitachi, Ltd.
Hyundai Elevator Co. Ltd.
Kleemann Hellas S.A.
Kone Corporation
Mitsubishi Electric Corporation
Otis Worldwide Corporation
Schindler Group
Sigma Elevator Company Limited
ThyssenKrupp AG
Toshiba Elevator and Building Systems Corporation

Methodology

LOADING...

In-depth qualitative analyses include identification and investigation of the following aspects:

Report Scope

Based on Offering, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Based on Product Type, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Based on Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Based on End-use, the Europe market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.

Geographically, the following national/local markets are fully investigated:

Key Players (this may not be a complete list and extra companies can be added upon request):

What is the estimated value of the European Elevator Equipment & Service Market?

What is the growth rate of the European Elevator Equipment & Service Market?

What is the forecasted size of the European Elevator Equipment & Service Market?

Who are the key companies in the European Elevator Equipment & Service Market?

Table of Contents

Companies Mentioned

Methodology

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