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Escalators Market by Type, Industry Vertical and Solution: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 235 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578274
Description Jump to:
The global escalator market size was valued at $ 11,782.4 million in 2020, and is projected to reach $ 19,116.6 million by 2030, registering a CAGR of 4.5% from 2020 to 2030. Escalators are powered staircases that enable easy movement of people between two successive floors of a building or structure. Interlocking steps and an electric motor are the typical components of escalators. A system of chains and gears is used for moving the interlocked steps in an escalator.

Escalators facilitate continuous and uninterrupted vertical movement of people. This makes it suitable for use in commercial spaces, such as shopping malls and public transport systems, such as metros. Furthermore, moving walks are a type of escalator that is primarily used for easing horizontal movement of people in long passages. Thereby, making it suitable for use at airports.

The increase in purchasing power of people in developing countries fuels the development of malls and other large retail outlets. Thus, positively influencing the escalators market, as they reduce overcrowding by enabling continuous movement. However, the requirement of frequent maintenance and high energy consumption are factors that constraint the growth of market. Furthermore, government initiatives to boost public transport projects, such as metro rails and airports, significantly increase the demand for escalators.

The escalators market is segmented on the basis of type, industry vertical, and region. By Type, the market is classified into parallel, multi-parallel, walkway, crisscross and spiral. By industry vertical, it is categorized into commercial, public transit, institutional sector and residential. By solutions, the market is categorized as new installation, maintenance & repair and others. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market

COMPETITION ANALYSIS

The major market participants profiled in this report include Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co., Ltd., KONE Corporation, Mitsubishi Electric Corporation, Omega Elevators, OTIS Worldwide Corporation, Schindler, TK Elevator and Toshiba Corporation.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging escalators market trends and dynamics
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030
  • Extensive analysis of the escalators market is conducted by following key product positioning and monitoring of the top competitors within the market framework
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities
  • The global escalators market forecast analysis from 2021 to 2030 is included in the report
  • The key market players within escalators market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the escalators industry

KEY SEGMENTS


By Type

  • Parallel
  • Multi-parallel
  • Walkway
  • Other

By INDUSTRY VERTICAL

  • Commercial
  • Public transit
  • Others

By SOLUTION

  • New Installation
  • Maintenance & Repair
  • Modernization

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • Fujitec Co Ltd
  • Hitachi Ltd
  • Hyundai Elevator Co, Ltd
  • KONE Corporation
  • Mitsubishi Electric Corporation
  • Omega Elevators
  • OTIS Worldwide Corporation
  • Schindler
  • TK Elevator
  • Toshiba Corporation

Table of Contents

Chapter 1 Introduction
Chapter 2 Executive Summary
2.1. Cxo Perspectives
Chapter 3 Market Overview
3.1. Report Description
3.2. Key Benefits
3.3. Key Market Segments
3.4. Research Methodology
3.4.1. Primary Research
3.4.2. Secondary Research
3.4.3. Analyst Tools and Models
3.5. Market Definition and Scope
3.6. Key Findings
3.6.1. Top Investment Pockets
3.7. Porter’S Five Forces Analysis
3.7.1. High Bargaining Power of Suppliers
3.7.2. Low Threat of New Entrants
3.7.3. High Threat of Substitutes
3.7.4. Intense Rivalry
3.7.5. Moderate Bargaining Power of Buyers
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Development in Real Estate Sector
3.8.1.2. Rising Need for Efficient and Rapid Transit System
3.8.1.3. Rapid Urbanization
3.8.2. Restraints
3.8.2.1. Safety Issues Due to Poorly Maintained Equipment
3.8.2.2. Lack of Skilled Workforce
3.8.2.3. Stringent Government Regulations
3.8.3. Opportunities
3.8.3.1. Emergence of Green Escalators
3.8.3.2. Technological Advancements
Chapter 4 Escalators Market, by Type
4.1. Overview
4.2. Parallel
4.2.1. Key Market Trends
4.2.2. Key Growth Factors and Opportunities
4.2.3. Market Size and Forecast
4.3. Multi-Parallel
4.3.1. Key Market Trends
4.3.2. Key Growth Factors and Opportunities
4.3.3. Market Size and Forecast
4.4. Walkway
4.4.1. Key Market Trends
4.4.2. Key Growth Factors and Opportunities
4.4.3. Market Size and Forecast
4.5. Others (Spiral & Crisscross)
4.5.1. Key Market Trends
4.5.2. Key Growth Factors and Opportunities
4.5.3. Market Size and Forecast
Chapter 5 Escalators Market, by Solution
5.1. Overview
5.2. New Installation
5.2.1. Key Market Trends
5.2.2. Key Growth Factors and Opportunities
5.2.3. Market Size and Forecast
5.3. Maintenance & Repair
5.3.1. Key Market Trends
5.3.2. Key Growth Factors and Opportunities
5.3.3. Market Size and Forecast
5.4. Modernization
5.4.1. Key Market Trends
5.4.2. Key Growth Factors and Opportunities
5.4.3. Market Size and Forecast
Chapter 6 Escalators Market, by End-user
6.1. Overview
6.2. Commercial
6.2.1. Key Market Trends
6.2.2. Key Growth Factors and Opportunities
6.2.3. Market Size and Forecast
6.3. Public Transit
6.3.1. Key Market Trends
6.3.2. Key Growth Factors and Opportunities
6.3.3. Market Size and Forecast
6.4. Others
6.4.1. Key Market Trends
6.4.2. Key Growth Factors and Opportunities
6.4.3. Market Size and Forecast
Chapter 7 Escalators Market, by Geography
7.1. Overview
7.2. North America
7.2.1. Key Market Trends
7.2.2. Key Growth Factors and Opportunities
7.2.3. Market Size and Forecast
7.2.4. U. S.
7.2.5. Market Size and Forecast
7.2.6. Canada
7.2.7. Market Size and Forecast
7.2.8. Mexico
7.2.9. Market Size and Forecast
7.3. Europe
7.3.1. Key Market Trends
7.3.2. Key Growth Factors and Opportunities
7.3.3. Market Size and Forecast
7.3.4. Germany
7.3.5. Market Size and Forecast
7.3.6. Uk
7.3.7. Market Size and Forecast
7.3.8. France
7.3.9. Market Size and Forecast
7.3.10. Russia
7.3.11. Market Size and Forecast
7.3.12. Rest of Europe
7.3.13. Market Size and Forecast
7.4. Asia-Pacific
7.4.1. Key Market Trends
7.4.2. Key Growth Factors and Opportunities
7.4.3. Market Size and Forecast
7.4.4. China
7.4.5. Market Size and Forecast
7.4.6. Japan
7.4.7. Market Size and Forecast
7.4.8. India
7.4.9. Market Size and Forecast
7.4.10. Australia
7.4.11. Market Size and Forecast
7.4.12. Rest of Asia-Pacific
7.4.13. Market Size and Forecast
7.5. Lamea
7.5.1. Key Market Trends
7.5.2. Key Growth Factors and Opportunities
7.5.3. Market Size and Forecast
7.5.4. Latin America
7.5.5. Market Size and Forecast
7.5.6. Middle East
7.5.7. Market Size and Forecast
7.5.8. Africa
7.5.9. Market Size and Forecast
Chapter 8 Company Profiles
8.1. Fujitec Co. Ltd.
8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.2. Hitachi Ltd.
8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.3. Hyundai Motor Group
8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves and Developments
8.4. Kone Corporation
8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategic Moves and Developments
8.5. Mitsubishi Electric Corporation
8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategic Moves and Developments
8.6. Omega Elevators
8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategic Moves and Developments
8.7. Otis Worldwide Corporation
8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategic Moves and Developments
8.8. Schindler
8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Business Performance
8.8.4. Key Strategic Moves and Developments
8.9. Tke Elevators
8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategic Moves and Developments
8.10. Toshiba Corporation
8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Business Performance
8.10.4. Key Strategic Moves and Developments
List of Tables
Table 01. Global Escalators Market Revenue, by System, 2020–2030 ($Million)
Table 02. Global Escalators Market Revenue for Temperature Control System, by Region, 2020–2030 ($Million)
Table 03. Global Escalators Market Revenue for Ventilation Control System, by Region, 2020–2030 ($Million)
Table 04. Global Escalators Market Revenue for Humidity Control System, by Region, 2020–2030 ($Million)
Table 05. Global Escalators Market Revenue for Integrated Control System, by Region, 2020–2030 ($Million)
Table 06. Global Escalators Market Revenue, by Implementation Type, 2020–2030 ($Million)
Table 07. Global Escalators Market Revenue for New Construction, by Region, 2020–2030 ($Million)
Table 08. Global Escalators Market Revenue for Retrofit, by Region, 2020–2030 ($Million)
Table 09. Global Escalators Market Revenue, by End-user, 2020–2030 ($Million)
Table 10. Global Residential Escalators Market Revenue, by Region, 2020–2030 ($Million)
Table 11. Global Commercial Escalators Market Revenue, by Region, 2020–2030 ($Million)
Table 12. Global Industrial Escalators Market Revenue, by Region, 2020–2030 ($Million)
Table 13. Escalators Market, by Region, 2020–2030 ($Million)
Table 14. North America Escalators Market, by Type, 2020–2030 ($Million)
Table 15. North America Escalators Market Revenue, by Implementation Type, 2020–2030 ($Million)
Table 16. North America Escalators Market Revenue, by End-user, 2020–2030 ($Million)
Table 17. North America Escalators Market, by Country, 2020–2030 ($Million)
Table 18. U.S Escalators Market, by System, 2020–2030 ($Million)
Table 19. U.S Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 20. U.S Escalators Market, by End-user, 2020–2030 ($Million)
Table 21. Canada Escalators Market, by System, 2020–2030 ($Million)
Table 22. Canada Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 23. Canada Escalators Market, by End-user, 2020–2030 ($Million)
Table 24. Mexico Escalators Market, by System, 2020–2030 ($Million)
Table 25. Mexico Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 26. Mexico Escalators Market, by End-user, 2020–2030 ($Million)
Table 27. Europe Escalators Market, by System, 2020–2030 ($Million)
Table 28. Europe Escalators Market Revenue, by Implementation Type, 2020–2030 ($Million)
Table 29. Europe Escalators Market Revenue, by End-user, 2020–2030 ($Million)
Table 30. Europe Escalators Market, by Country, 2020–2030 ($Million)
Table 31. Germany Escalators Market, by System, 2020–2030 ($Million)
Table 32. Germany Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 33. Germany Escalators Market, by End-user, 2020–2030 ($Million)
Table 34. France Escalators Market, by System, 2020–2030 ($Million)
Table 35. France Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 36. France Escalators Market, by End-user, 2020–2030 ($Million)
Table 37. Uk Escalators Market, by System, 2020–2030 ($Million)
Table 38. Uk Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 39. Uk Escalators Market, by End-user, 2020–2030 ($Million)
Table 40. Italy Escalators Market, by System, 2020–2030 ($Million)
Table 41. Italy Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 42. Italy Escalators Market, by End-user, 2020–2030 ($Million)
Table 43. Rest of Europe Escalators Market, by System, 2020–2030 ($Million)
Table 44. Rest of Europe Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 45. Rest of Europe Escalators Market, by End-user, 2020–2030 ($Million)
Table 46. Asia-Pacific Escalators Market, by System, 2020–2030 ($Million)
Table 47. Asia-Pacific Escalators Market Revenue, by Implementation Type, 2020–2030 ($Million)
Table 48. Asia-Pacific Escalators Market Revenue, by End-user, 2020–2030 ($Million)
Table 49. Asia-Pacific Escalators Market, by Country, 2020–2030 ($Million)
Table 50. China Escalators Market, by System, 2020–2030 ($Million)
Table 51. China Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 52. China Escalators Market, by End-user, 2020–2030 ($Million)
Table 53. India Escalators Market, by System, 2020–2030 ($Million)
Table 54. India Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 55. India Escalators Market, by End-user, 2020–2030 ($Million)
Table 56. Japan Escalators Market, by System, 2020–2030 ($Million)
Table 57. Japan Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 58. Japan Escalators Market, by End-user, 2020–2030 ($Million)
Table 59. South Korea Escalators Market, by System, 2020–2030 ($Million)
Table 60. South Korea Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 61. South Korea Escalators Market, by End-user, 2020–2030 ($Million)
Table 62. Rest of Asia-Pacific Escalators Market, by System, 2020–2030 ($Million)
Table 63. Rest of Asia-Pacific Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 64. Rest of Asia-Pacific Escalators Market, by End-user, 2020–2030 ($Million)
Table 65. Lamea Escalators Market, by System, 2020–2030 ($Million)
Table 66. Lamea Escalators Market Revenue, by Implementation Type, 2020–2030 ($Million)
Table 67. Lamea Escalators Market Revenue, by End-user, 2020–2030 ($Million)
Table 68. Lamea Escalators Market, by Country, 2020–2030 ($Million)
Table 69. Latin America Escalators Market, by System, 2020–2030 ($Million)
Table 70. Latin America Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 71. Latin America Escalators Market, by End-user, 2020–2030 ($Million)
Table 72. Middle East Escalators Market, by System, 2020–2030 ($Million)
Table 73. Middle East Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 74. Middle East Escalators Market, by End-user, 2020–2030 ($Million)
Table 75. Africa Escalators Market, by System, 2020–2030 ($Million)
Table 76. Africa Escalators Market, by Implementation Type, 2020–2030 ($Million)
Table 77. Africa Escalators Market, by End-user, 2020–2030 ($Million)
Table 78. Fujitec Co. Ltd:Key Executive
Table 79. Fujitec Co. Ltd: Company Snapshot
Table 80. Fujitec Co. Ltd: Operating Segments
Table 81. Fujitec Co. Ltd: Product Portfolio
Table 82. Hitachi Ltd. : Key Executive
Table 83. Hitachi Ltd. : Company Snapshot
Table 84. Hitachi Ltd. : Operating Segments
Table 85. Hitachi Ltd. : Product Portfolio
Table 86. Hyundai Elevator Co. Ltd. :Key Executive
Table 87. Hyundai Elevator Co. Ltd. : Company Snapshot
Table 88. Hyundai Elevator Co. Ltd. : Operating Segments
Table 89. Hyundai Elevator Co. Ltd. : Product Portfolio
Table 90. Kone Corporation:Key Executive
Table 91. Kone Corporation: Company Snapshot
Table 92. Kone Corporation: Operating Segments
Table 93. Kone Corporation: Product Portfolio
Table 94. Mitsubishi Electric Corporation:Key Executive
Table 95. Mitsubishi Electric Corporation: Company Snapshot
Table 96. Mitsubishi Electric Corporation: Operating Segments
Table 97. Mitsubishi Electric Corporation: Product Portfolio
Table 98. Omega Elevators:Key Executive
Table 99. Omega Elevators: Company Snapshot
Table 100. Omega Elevators: Operating Segments
Table 101. Omega Elevators: Product Portfolio
Table 102. Otis Worldwide Corporation:Key Executive
Table 103. Otis Worldwide Corporation: Company Snapshot
Table 104. Otis Worldwide Corporation: Operating Segments
Table 105. Otis Worldwide Corporation: Product Portfolio
Table 106. Schindler:Key Executive
Table 107. Schindler: Company Snapshot
Table 108. Schindler: Operating Segments
Table 109. Schindler: Product Portfolio
Table 110. Tk Elevator:Key Executive
Table 111. Tk Elevator: Company Snapshot
Table 112. Tk Elevator: Operating Segments
Table 113. Tk Elevator: Product Portfolio
Table 114. Toshiba Corporation:Key Executive
Table 115. Toshiba Corporation: Company Snapshot
Table 116. Toshiba Corporation: Operating Segments
Table 117. Toshiba Corporation: Product Portfolio
List of Figures
Figure 01. Key Market Segments
Figure 02. Executive Summary
Figure 03. Top Impacting Factors
Figure 04. Top Investment Pockets
Figure 05. Top Winning Strategies, by Year, 2017-2020
Figure 06. Top Winning Strategies, by Strategies, 2017–2020
Figure 07. Top Winning Strategies, by Company, 2017–2020
Figure 08. Market Player Positioning, 2020
Figure 09. Moderate Bargaining Power of Suppliers
Figure 10. Low to Moderate Bargaining Power of Buyers
Figure 11. Moderate to High Threat of Substitutes
Figure 12. Low to Moderate Threat of New Entrants
Figure 13. Moderate Intensity of Rivalry
Figure 14. Value Chain Analysis
Figure 15. Global Escalators Market, by System, 2020–2030 (%)
Figure 16. Global Escalators Market Revenue, for Temperature Control System, by Country, 2020–2030 (%)
Figure 17. Global Escalators Market Revenue, for Ventilation Control System, by Country, 2020–2030 (%)
Figure 18. Global Escalators Market Revenue, for Humidity Control System, by Country, 2020–2030 (%)
Figure 19. Global Escalators Market Revenue, for Integrated Control System, by Country, 2020–2030 (%)
Figure 20. Global Escalators Market, by Implementation Type, 2020–2030 (%)
Figure 21. Global Escalators Market Revenue for New Construction, by Country, 2020–2030 (%)
Figure 22. Global Escalators Market Revenue for Retrofit, by Country, 2020–2030 (%)
Figure 23. Global Escalators Market, by End-user 2020–2030 (%)
Figure 24. Global Residential Escalators Market Revenue, by Country, 2020–2030 (%)
Figure 25. Commercial Escalators Market Revenue, by Country, 2020–2030 (%)
Figure 26. Global Industrial Escalators Market Revenue, by Country, 2020–2030 (%)
Figure 27. Escalators Market, by Region, 2020–2030 (%)
Figure 28. U. S. Escalators Market Revenue, 2020–2030 ($ Million)
Figure 29. Canada Escalators Market Revenue, 2020–2030 ($ Million)
Figure 30. Mexico Escalators Market Revenue, 2020–2030 ($ Million)
Figure 31. Germany Escalators Market Revenue, 2020–2030 ($ Million)
Figure 32. France Escalators Market Revenue, 2020–2030 ($ Million)
Figure 33. Uk Escalators Market Revenue, 2020–2030 ($ Million)
Figure 34. Italy Escalators Market Revenue, 2020–2030 ($ Million)
Figure 35. Rest of Europe Escalators Market Revenue, 2020–2030 ($ Million)
Figure 36. China Escalators Market Revenue, 2020–2030 ($ Million)
Figure 37. India Escalators Market Revenue, 2020–2030 ($ Million)
Figure 38. Japan Escalators Market Revenue, 2020–2030 ($ Million)
Figure 39. South Korea Escalators Market Revenue, 2020–2030 ($ Million)
Figure 40. Rest of Asia-Pacific Escalators Market, by System, 2020–2030 ($ Million)
Figure 41. Latin America Escalators Market Revenue, 2020–2030 ($ Million)
Figure 42. Middle East Escalators Market Revenue, 2020–2030 ($ Million)
Figure 43. Africa Escalators Market Revenue, 2020–2030 ($ Million)
Figure 44. Carrier Global Corporation: Research and Development Expenses, 2018–2020($ Million)
Figure 45. Carrier Global Corporation: Revenue, 2018–2020($ Million)
Figure 46. Carrier Global Corporation: Revenue Share by Segment, 2020(%)
Figure 47. Carrier Global Corporation: Revenue Share by Geography, 2020(%)
Figure 48. Fujitec Co. Ltd: Research and Development Expenses, 2018–2020($ Million)
Figure 49. Fujitec Co. Ltd: Revenue, 2018–2020($ Million)
Figure 50. Fujitec Co. Ltd: Revenue Share by Segment, 2020(%)
Figure 51. Fujitec Co. Ltd: Revenue Share by Geography, 2020(%)
Figure 52. Hitachi Ltd: Research and Development Expenses, 2018–2020($ Million)
Figure 53. Hitachi Ltd: Revenue, 2018–2020($ Million)
Figure 54. Hitachi Ltd: Revenue Share by Segment, 2020(%)
Figure 55. Hitachi Ltd: Revenue Share by Geography, 2020(%)
Figure 56. Kone Corporation: Research and Development Expenses, 2018–2020($ Million)
Figure 57. Kone Corporation: Revenue, 2018–2020($ Million)
Figure 58. Kone Corporation: Revenue Share by Segment, 2020(%)
Figure 59. Kone Corporation: Revenue Share by Geography, 2020(%)
Figure 60. Mitsubishi Electric Corporation: Research and Development Expenses, 2018–2020($ Million)
Figure 61. Mitsubishi Electric Corporation: Revenue, 2018–2020($ Million)
Figure 62. Mitsubishi Electric Corporation: Revenue Share by Segment, 2020(%)
Figure 63. Mitsubishi Electric Corporation: Revenue Share by Geography, 2020(%)
Figure 64. Omega Elevators: Research and Development Expenses, 2018–2020($ Million)
Figure 65. Omega Elevators: Revenue, 2018–2020($ Million)
Figure 66. Omega Elevators: Revenue Share by Segment, 2020(%)
Figure 67. Omega Elevators: Revenue Share by Geography, 2020(%)
Figure 68. Otis Worldwide Corporation: Research and Development Expenses, 2018–2020($ Million)
Figure 69. Otis Worldwide Corporation: Revenue, 2018–2020($ Million)
Figure 70. Otis Worldwide Corporation: Revenue Share by Segment, 2020(%)
Figure 71. Otis Worldwide Corporation: Revenue Share by Geography, 2020(%)
Figure 72. Schindler: Research and Development Expenses, 2018–2020($ Million)
Figure 73. Lg Electronics: Revenue, 2018–2020($ Million)
Figure 74. Schindler: Revenue Share by Segment, 2020(%)
Figure 75. Schindler: Revenue Share by Geography, 2020(%)
Figure 76. Tk Elevator: Research and Development Expenses, 2018–2020($ Million)
Figure 77. Tk Elevator: Revenue, 2018–2020($ Million)
Figure 78. Tk Elevator: Revenue Share by Segment, 2020(%)
Figure 79. Tk Elevator: Revenue Share by Geography, 2020(%)
Figure 80. Toshiba Corporation: Research and Development Expenses, 2018–2020($ Million)
Figure 81. Toshiba Corporation: Revenue, 2018–2020($ Million)
Figure 82. Toshiba Corporation: Revenue Share by Segment, 2020(%)
Figure 83. Toshiba Corporation: Revenue Share by Geography, 2020(%)

Executive Summary

According to a new report titled, “Escalators Market by Type Industry Vertical and Solution: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global escalators market size was valued at $11.8 billion in 2020, and is projected to reach $19.1 billion by 2030, registering a CAGR of 4.5% from 2020 to 2030.

The rise in global population and rapid urbanization has significantly increased the demand for commercial buildings such as IT parks and shopping malls. This has propelled the demand for escalators, as they enable continuous vertical movement of people. Furthermore, rapid increase in population density in urban areas fuels the development of public transport systems, such as metros. The construction of new airports has also witnessed increase in the past few years. These factors further drive of escalators market growth.

By type the market is segmented into parallel, multi-parallel, walkway, crisscross and spiral. Among these, the parallel segment accounted for the highest market share in 2020 and it is expected to witness significant growth during the forecast period, owing to increase in demand from commercial buildings. The market is analyzed with respect to different applications in industrial verticals, such as commercial, public transit, institutional sector, and residential. The market is mainly driven by rise in demand for commercial space and increasing investments in public transport projects, such as metro rails and airports. However, factors such as requirement of frequent maintenance and high energy consumption of escalators have the potential to limit growth of the market.

In 2020, Asia-Pacific dominated the global escalators, in terms of revenue, accounting for around half the share of the escalators industry, followed by Europe and North America. Moreover, the market in Asia-Pacific region is growing with high CAGR, owing to rise in commercial real estate projects and metro rail projects across the globe.

Furthermore, on the basis of industry vertical, the others segment is anticipated to grow rapidly, with a CAGR of 6.3% during the forecast period, owing to rapid development of metro rails in emerging economies.

For instance, according to India Brand Equity Foundation, India’s metro rail network is expanding rapidly. As of November 2010, India has 637.2 km of metro rail in 13 cities and more than two dozen metro projects are in planning phase. Furthermore, the 1st phase of Pune Metro Rail would cover 31.25 km and consisting of 30 stations is built with a cost of US$ 1.67 billion and is expected to become operational in 2022. In addition, modernization of existing railway station in India has also positively influenced the escalators market.

However, during the COVID-19 pandemic lockdown, various manufacturers in the escalators had to stop their business in countries, such as China, the U.S., and India. This break directly impacted sales of escalators manufacturing companies. In addition, the initial lockdowns significantly reduced construction activities in many developing countries, which negatively influenced the growth of the market. However, resumption of construction activities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of escalators companies.

The key players profiled in the escalators market report include, Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co., Ltd., KONE Corporation, Mitsubishi Electric Corporation, Omega Elevators, OTIS Worldwide Corporation, Schindler, TK Elevator, and Toshiba Corporation.

Key Findings Of The Study


  • The report provides an extensive analysis of the current and emerging escalators market trends and dynamics
  • Depending on type, the parallel dominated the escalators market forecast, in terms of revenue in 2020 and the it is projected to grow at a significant CAGR during the forecast period
  • By industry vertical, the commercial segment registered highest revenue in 2020
  • Asia-Pacific is projected to register highest growth rate in the coming years
  • The key players within the escalators market share are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the escalators industry
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market
  • In-depth escalators market analysis is conducted by constructing estimations for the key segments between 2021 and 2030

Companies Mentioned

  • Fujitec Co. Ltd.
  • Hitachi Ltd.
  • Hyundai Elevator Co., Ltd.
  • KONE Corporation
  • Mitsubishi Electric Corporation
  • Omega Elevators
  • OTIS Worldwide Corporation
  • Schindler
  • TK Elevator
  • Toshiba Corporation.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages235
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 11782.4 million
Forecasted Market Value ( USD ) by 2030 $ 19116.6 million
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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