+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

Germany Elevator & Escalator Market Overview, 2027

  • PDF Icon

    Report

  • 59 Pages
  • September 2022
  • Region: Germany
  • Bonafide Research
  • ID: 5648538
OFF until Dec 24th 2022
10% Free customization
1h Free Analyst Time
10% Free customization

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

1h Free Analyst Time

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

Escalators and elevators have a significant effect on modern design and architecture. Previously, individuals would only use the stairs to get from one floor to another. People may now comfortably travel over numerous floors, regardless of weight, thanks to the innovation given by these two methods. As a result, escalators and elevators have changed the way people go up and down in buildings. Travelling through a building on an escalator or elevator is now second nature. The Germany elevator and escalator industry will see increased demand for maintenance, repair, and after-sales support, as well as a significant need for new installations. The elevator and escalator market will benefit the aging population by allowing them to escape a painful flight of stairs, resulting in strong demand from this demographic. As a consequence, the market is expected to grow at a faster rate over the forecast period. Moving walkways are similar to escalators, except that instead of going up and down, they traverse at ground level. These pathways transport you in a straight and level line over corridors, gates, and terminals, delivering you to your destination quickly. They are essentially human conveyor belts. Increasing urbanization as a result of industrialization and infrastructural development in the Germany is expected to drive industry demand. The market is expanding due to the rising population and urbanization in Germany.

According to the report titled Germany Elevator and Escalator market overview 2027 the market size of Germany Elevator and Escalator market is increasing enormously in the forecasted period from 2022 to 2027. In this report of elevator and escalator markets is segmented by types, by services, and by users. Elevators and Escalator include hundreds of intricate moving parts, many of which require frequent maintenance to guarantee good operation. Regularly maintaining elevator systems helps building owners to correct minor issues before they become major ones, lowering maintenance costs and considerably increasing the equipment's lifespan. Maintenance also increases the performance of an elevator and escalator, since well-maintained elevators and escalator are often speedier and give a far better user experience. During the projected period, the Germany elevator and escalator maintenance and repair services market is predicted to develop at a stable rate. The government's severe laws to safeguard public safety, as well as the burgeoning building industry, have contributed to market expansion. Increased government investment in infrastructural development in the Germany, as well as an increasing number of commercial projects in various areas, are likely to boost the country's elevator and escalator maintenance and repair services market in the approaching years.

Elevator and escalator manufacturers are focused on enhancing aftermarket services for clients, which is projected to drive the growth of the Germany elevator and escalator maintenance and repair market. During the projection period, the Germany elevator and escalator maintenance and repair service market would benefit from the development of smart cities and technical developments in new elevators, such as the integration of circuit boards and new controllers. Elevator and escalator modernization can boost performance, making them more efficient and dependable. It also helps to reduce maintenance costs because all of the old parts are replaced with new, modern parts that will keep the elevator and escalator running well for a long time. One of the most essential reasons for elevator and escalator modernization is to improve safety to meet current requirements. The cost of elevator and escalator modernization will be worth it in the end since it will be able to strengthen the safety requirements. The elevator and escalator modernization market is expected to develop significantly during the forecast period, owing to an increase in elevator and escalator safety concerns in high-rise buildings and the introduction of new technologies into the Germany industry. The Internet of Things (IoT) is a technology that has the potential to transform commercial real estate.

COVID-19 impacts: The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in Germany due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of Germany prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years.

Considered in this report

  • Geography: Germany
  • Historic Year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Germany Elevator & Escalator Market with its value and forecast along with its segments
  • Application wise tire industry distribution
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Based on By Types:

  • Elevator
  • Escalators Moving Walkways

Based on By Services:

  • New installation
  • Maintenance and repair
  • Modernization

Based on by End use types:

  • Residential
  • Commercial
  • Others

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Table of Contents

1 Executive Summary
2 Introduction
2.1 Market Definition
2.2 Market Scope & Segmentation
2.3 Research Methodology
3 Germany Macro-Economic Indicators
4 Germany Elevators and Escalators Market Category Analysis
4.1 Key findings
4.2 Market Drivers
4.3 Market Restraints
4.4 Policies & Certification
4.5 Opportunities
4.6 Value Chain Analysis
4.7 Key Developments - 2021
5 Germany Elevators and Escalators Market Trends
6 Germany Elevators and Escalators Market Overview
6.1 Market Size By Value
6.2 Market Share
6.2.1 By Type
6.2.2 By Service
6.2.3 By End-use Industry
7 Germany Elevators and Escalators Market Segmentations
7.1 Germany Elevators and Escalators Market, By Type
7.1.1 Germany Elevators and Escalators Market Size, By Elevators (passenger, freight, single, and double deck elevators) 2016 - 2027F
7.1.2 Germany Elevators and Escalators Market Size, By Escalator, 2016 - 2027F
7.1.3 Germany Elevators and Escalators Market Size, By Moving walkways, 2016 - 2027F
7.2 Germany Elevators and Escalators Market, By Service
7.2.1 Germany Elevators and Escalators Market Size, By New installation, 2016 - 2027F
7.2.2 Germany Elevators and Escalators Market Size, By Maintenance & repair, 2016 - 2027F
7.2.3 Germany Elevators and Escalators Market Size, By Modernization, 2016 - 2027F
7.3 Germany Elevators and Escalators Market, By End-use Industry
7.3.1 Germany Elevators and Escalators Market Size, By Residential, 2016 - 2027F
7.3.2 Germany Elevators and Escalators Market Size, By Commercial, 2016 - 2027F
7.3.3 Germany Elevators and Escalators Market Size, By Others (Industrial, Infrastucture, industrial and marine industry), 2016 - 2027F
8 Germany Elevators and Escalators Market Opportunity Assessment
8.1 By Elevators and Escalators By Type, 2022F to 2027F
8.2 By Elevators and Escalators By Service, 2022F to 2027F
8.3 By Elevators and Escalators by End-use Industry, 2022F to 2027F
9 Competitive Landscape
9.1 Porter's Five Forces
9.2 Company Profiles
10 Strategic Recommendations

11 Disclaimer

List of Figures
Figure 1: Germany Elevators and Escalators Market Size By Value 2016 to 2027 (In USD Billion)
Figure 2: Germany Elevators and Escalators Market Share By Type(2016, 2021 & 2027)
Figure 3: Germany Elevators and Escalators Market Share By Service (2016, 2021 & 2027)
Figure 4: Germany Elevators and Escalators Market Share By End-use Industry (2016, 2021 & 2027)
Figure 5: Market Attractiveness Index, By Types
Figure 6: Market Attractiveness Index, By Service
Figure 7: Market Attractiveness Index, By End-use Industry
Figure-8: Porter's Five Forces Meter of Elevators and Escalators industry in Germany
List of Tables
Table 1: Germany Elevators and Escalators Market Size of Elevators (passenger, freight, single, and double deck elevators) (2016 to 2027F) (In USD Billion)
Table 2: Germany Elevators and Escalators Market Size of Escalator (2016 to 2027F) (In USD Billion)
Table 3: Germany Elevators and Escalators Market Size of Moving walkways (2016 to 2027F) (In USD Billion)
Table 4: Germany Elevators and Escalators Market Size of New installation (2016 to 2027F) (In USD Billion)
Table 5: Germany Elevators and Escalators Market Size of Maintenance & repair (2016 to 2027F) (In USD Billion)
Table 6: Germany Elevators and Escalators Market Size of Modernization (2016 to 2027F) (In USD Billion)
Table 7: Germany Elevators and Escalators Market Size of Residential (2016 to 2027F) (In USD Billion)
Table 8: Germany Elevators and Escalators Market Size of Commercial (2016 to 2027F) (In USD Billion)
Table 9: Germany Elevators and Escalators Market Size of Others (Industrial, Infrastucture, industrial and marine industry) (2016 to 2027F) (In USD Billion)