The global elevator and escalator market reached a value of nearly $92,501.8 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.5% since 2016. The market is expected to grow from $92,501.8 million in 2021 to $135,568.4 million in 2026 at a rate of 7.9%. The market is then expected to grow at a CAGR of 7.5% from 2026 and reach $194,671.9 million in 2031.
Growth in the historic period resulted from supportive government initiatives, increased focus on energy efficient elevators and an increase in infrastructure investment. The market was restrained by a rise in elevator and escalator accidents.
Going forward, rising construction of skyscrapers, boost in construction spending, rising urbanization and increasing smart cities will drive market growth. Factors that could hinder the growth of the elevator and escalator market in the future include a shortage of skilled labor and high installation costs.
The elevator and escalator market is segmented by product into elevators, escalators, and moving walkway. The elevators market was the largest segment of the elevator and escalator market segmented by product, accounting for 56.3% of the total in 2021. Going forward, the escalators segment is expected to be the fastest growing segment in the elevator and escalator market segmented by product, at a CAGR of 8.3% during 2021-2026.
The elevator and escalator market is also segmented by business into new equipment, maintenance, and modernization. The new equipment market was the largest segment of the elevator and escalator market segmented by business, accounting for 60.5% of the total in 2021. Going forward, the modernization segment is expected to be the fastest growing segment in the elevator and escalator market segmented by business, at a CAGR of 8.4% during 2021-2026.
The elevator and escalator market is also segmented by end user into residential, commercial, institutional, infrastructure, other end users. The residential market was the largest segment of the elevator and escalator market segmented by end user, accounting for 46.5% of the total in 2021. Going forward, the commercial segment is expected to be the fastest growing segment in the elevator and escalator market segmented by end user, at a CAGR of 8.2% during 2021-2026.
The elevator and escalator market is also segmented by elevator technology into traction elevator, machine room-less traction elevator, and hydraulic. The machine room-less traction elevator market was the largest segment of the elevator and escalator market segmented by elevator technology, accounting for 44.6% of the total in 2021. Going forward, the machine room-less traction elevator segment is expected to be the fastest growing segment in the elevator and escalator market segmented by elevator technology, at a CAGR of 8.9% during 2021-2026.
Asia Pacific was the largest region in the elevator and escalator market, accounting for 38.5% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the elevator and escalator market will be Asia Pacific, and, Africa where growth will be at CAGRs of 9.0% and 7.9% respectively. These will be followed by North America, and, Middle East where the markets are expected to grow at CAGRs of 7.60% and 7.56% respectively.
The global elevator and escalator market is moderately concentrated with a small number of large players in the market. The top ten competitors in the market made up to 39.25% of the total market in 2021. Schindler Group was the largest competitor with 11.18% share of the market, followed by Otis Worldwide Corporation with 6.95%, Kone Corporation with 6.12%, Hitachi, Ltd. with 5.04%, Mitsubishi Electric Corporation with 3.10%, Toshiba Corporation with 1.75%, Fijutec Co. Ltd with 1.66%, Hyundai Elevator Ltd with 1.55%, Orona Group with 1.06%, and Canny Elevator Co., Ltd. with 0.84%.
The top opportunities in the elevator and escalator market segmented by product will arise in the elevators market segment, which will gain $23,485.5 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by business will arise in the new equipment market segment, which will gain $25,499.4 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by end user will arise in the residential market segment, which will gain $20,625.0 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by elevator technology will arise in the machine room-less traction elevator market segment, which will gain $22.062.3 million of global annual sales by 2026. The top opportunities in the elevator and escalator market size will gain the most in China at $9,381.1 million.
Market-trend-based strategies for the elevator and escalator include companies should consider focusing on internet of things (IoT) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies.
Player-adopted strategies in the elevator and escalator market include enhancing customer experience through the launch of new products, expanding business capabilities through strategic acquisitions, implementing advanced technology solutions through the launch of new products and strengthening business operations through the launch of new products and solutions.
To take advantage of the opportunities, the publisher recommends the elevator and escalator companies to focus on gearless technology-powered elevators, focus on internet of things (IoT) technology, focus on urban areas, focus on competitive pricing, focus on merger and acquisition marketing and focus on smart cities construction.
This report describes and explains the elevator and escalator market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from supportive government initiatives, increased focus on energy efficient elevators and an increase in infrastructure investment. The market was restrained by a rise in elevator and escalator accidents.
Going forward, rising construction of skyscrapers, boost in construction spending, rising urbanization and increasing smart cities will drive market growth. Factors that could hinder the growth of the elevator and escalator market in the future include a shortage of skilled labor and high installation costs.
The elevator and escalator market is segmented by product into elevators, escalators, and moving walkway. The elevators market was the largest segment of the elevator and escalator market segmented by product, accounting for 56.3% of the total in 2021. Going forward, the escalators segment is expected to be the fastest growing segment in the elevator and escalator market segmented by product, at a CAGR of 8.3% during 2021-2026.
The elevator and escalator market is also segmented by business into new equipment, maintenance, and modernization. The new equipment market was the largest segment of the elevator and escalator market segmented by business, accounting for 60.5% of the total in 2021. Going forward, the modernization segment is expected to be the fastest growing segment in the elevator and escalator market segmented by business, at a CAGR of 8.4% during 2021-2026.
The elevator and escalator market is also segmented by end user into residential, commercial, institutional, infrastructure, other end users. The residential market was the largest segment of the elevator and escalator market segmented by end user, accounting for 46.5% of the total in 2021. Going forward, the commercial segment is expected to be the fastest growing segment in the elevator and escalator market segmented by end user, at a CAGR of 8.2% during 2021-2026.
The elevator and escalator market is also segmented by elevator technology into traction elevator, machine room-less traction elevator, and hydraulic. The machine room-less traction elevator market was the largest segment of the elevator and escalator market segmented by elevator technology, accounting for 44.6% of the total in 2021. Going forward, the machine room-less traction elevator segment is expected to be the fastest growing segment in the elevator and escalator market segmented by elevator technology, at a CAGR of 8.9% during 2021-2026.
Asia Pacific was the largest region in the elevator and escalator market, accounting for 38.5% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the elevator and escalator market will be Asia Pacific, and, Africa where growth will be at CAGRs of 9.0% and 7.9% respectively. These will be followed by North America, and, Middle East where the markets are expected to grow at CAGRs of 7.60% and 7.56% respectively.
The global elevator and escalator market is moderately concentrated with a small number of large players in the market. The top ten competitors in the market made up to 39.25% of the total market in 2021. Schindler Group was the largest competitor with 11.18% share of the market, followed by Otis Worldwide Corporation with 6.95%, Kone Corporation with 6.12%, Hitachi, Ltd. with 5.04%, Mitsubishi Electric Corporation with 3.10%, Toshiba Corporation with 1.75%, Fijutec Co. Ltd with 1.66%, Hyundai Elevator Ltd with 1.55%, Orona Group with 1.06%, and Canny Elevator Co., Ltd. with 0.84%.
The top opportunities in the elevator and escalator market segmented by product will arise in the elevators market segment, which will gain $23,485.5 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by business will arise in the new equipment market segment, which will gain $25,499.4 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by end user will arise in the residential market segment, which will gain $20,625.0 million of global annual sales by 2026. The top opportunities in the elevator and escalator market segmented by elevator technology will arise in the machine room-less traction elevator market segment, which will gain $22.062.3 million of global annual sales by 2026. The top opportunities in the elevator and escalator market size will gain the most in China at $9,381.1 million.
Market-trend-based strategies for the elevator and escalator include companies should consider focusing on internet of things (IoT) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies.
Player-adopted strategies in the elevator and escalator market include enhancing customer experience through the launch of new products, expanding business capabilities through strategic acquisitions, implementing advanced technology solutions through the launch of new products and strengthening business operations through the launch of new products and solutions.
To take advantage of the opportunities, the publisher recommends the elevator and escalator companies to focus on gearless technology-powered elevators, focus on internet of things (IoT) technology, focus on urban areas, focus on competitive pricing, focus on merger and acquisition marketing and focus on smart cities construction.
This report describes and explains the elevator and escalator market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Market Segmentation By Product
6.3.1. Elevators
6.3.2. Escalators
6.3.3. Moving Walkways
6.4. Market Segmentation By Business
6.4.1. New Equipment
6.4.2. Maintenance
6.4.3. Modernization
6.5. Market Segmentation By End User
6.5.1. Residential
6.5.2. Commercial
6.5.3. Institutional
6.5.4. Infrastructure
6.5.5. Other End Users
6.6. Market Segmentation By Elevator Technology
6.6.1. Traction Elevator
6.6.2. Machine Room-Less Traction Elevator
6.6.3. Hydraulic Elevators
7. Major Market Trends
7.1. Focus On Internet Of Things (IoT) Technology
7.2. Gearless Technology-Powered Elevator
7.3. Green Home Elevator
7.4. Automated Sanitization
7.5. Strategic Partnerships And Collaborations
8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Market Restraints 2016 - 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 - 2026
8.3.2. Market Restraints 2021 - 2026
9. Global Market Segmentation
9.1. Global Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.4. Global Elevator And Escalator Market, Segmentation By Elevator Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Global Market, Regional And Country Analysis
10.1. Global Elevator And Escalator Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Elevator And Escalator Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.7. Asia-Pacific Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.8. Asia Pacific Elevator And Escalator Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate Tax Structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.13. China Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.14. China Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.15. China Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.16. China Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.17. India Market
11.18. India Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.19. India Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.20. India Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.21. India Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.22. India Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.23. Japan Market
11.24. Japan Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.25. Japan Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.26. Japan Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.27. Japan Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.28. Japan Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. Australia Market
11.30. Australia Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.31. Australia Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.32. Australia Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.33. Australia Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.34. Australia Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.37. Indonesia Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.38. Indonesia Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.39. Indonesia Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.40. Indonesia Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.43. South Korea Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.44. South Korea Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.45. South Korea Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.46. South Korea Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.7. Western Europe Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.8. Western Europe Elevator And Escalator Market: Country Analysis
12.9. UK Market
12.10. UK Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.11. UK Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.12. UK Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.13. UK Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.14. UK Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.15. Germany Market
12.16. Germany Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.17. Germany Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.18. Germany Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.19. Germany Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.20. Germany Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.21. France Market
12.22. France Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.23. France Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.24. France Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.25. France Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.26. France Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.7. Eastern Europe Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.8. Eastern Europe Elevator And Escalator Market: Country Analysis
13.9. Russia Market
13.10. Russia Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.11. Russia Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.12. Russia Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.13. Russia Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.14. Russia Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Major Associations
14.2.7. Taxes Levied
14.2.8. Corporate Tax Structure
14.2.9. Investments
14.2.10. Major Companies
14.3. North America Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.7. North America Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.8. North America Elevator And Escalator Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.13. USA Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.14. USA Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.15. USA Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.16. USA Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Major Associations
15.2.7. Taxes Levied
15.2.8. Corporate Tax Structure
15.2.9. Investments
15.2.10. Major Companies
15.3. South America Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.7. South America Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.8. South America Elevator And Escalator Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.11. Brazil Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.12. Brazil Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.13. Brazil Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.14. Brazil Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.6. Middle East Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.7. Middle East Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Elevator And Escalator Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Elevator And Escalator Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Elevator And Escalator Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.6. Africa Elevator And Escalator Market, Segmentation By Business, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.7. Africa Elevator And Escalator Market, Segmentation By End User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
18. Competitive Landscape And Company Profiles
19. Company Profiles
19.1. Schindler Group
19.1.1. Company Overview
19.1.2. Products And Services
19.1.3. Business Strategy
19.1.4. Financial Overview
19.2. Otis Worldwide Corporation
19.2.1. Company Overview
19.2.2. Products And Services
19.2.3. Business Strategy
19.2.4. Financial Overview
19.3. Kone Corporation
19.3.1. Company Overview
19.3.2. Products And Services
19.3.3. Business Strategy
19.3.4. Financial Overview
19.4. Hitachi Ltd.
19.4.1. Company Overview
19.4.2. Products And Services
19.4.3. Business Strategy
19.4.4. Financial Overview
19.5. Mitsubishi Electric Corporation
19.5.1. Company Overview
19.5.2. Products And Services
19.5.3. Business Strategy
19.5.4. Financial Overview
20. Key Mergers and Acquisitions
20.1. Schindler Elevator Corporation Acquired Ascension Elevating Devices
20.2. Lödige Industries Acquired Northern Elevator Limited
20.3. TK Elevator Acquired Nordic Lift
20.4. Time Manufacturing Company Acquired France Elévateur
20.5. Cibes Lift Group Acquired Bella Elevator LLC
20.6. TK Elevator Acquired Accurate Elevator
20.7. Hitachi Ltd Acquired Yungtay Engineering Co. Ltd.
20.8. Otis Worldwide Corporation Acquired Bay State Elevator
21. Opportunities And Strategies
21.1. Global Elevator And Escalator Market In 2026 - Countries Offering Most New Opportunities
21.2. Global Elevator And Escalator Market In 2026 - Segments Offering Most New Opportunities
21.3. Global Elevator And Escalator Market In 2026 - Growth Strategies
21.3.1. Market Trend Based Strategies
21.3.2. Competitor Strategies
22. Elevator And Escalator Market, Conclusions And Recommendations
22.1. Conclusions
22.2. Recommendations
22.2.1. Product
22.2.2. Place
22.2.3. Price
22.2.4. Promotion
22.2.5. People
23. Appendix
23.1. Market Data Sources
23.2. Research Methodology
23.3. Currencies
23.4. About the Publisher
23.5. Copyright and Disclaimer
Executive Summary
Elevator and Escalator Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global elevator and escalator market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider elevator and escalator market; and compares it with other markets.
The report covers the following chapters:
Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the elevator and escalator market.Key Trends - Highlights the major trends shaping the global elevator and escalator market. This section also highlights likely future developments in the market.
Global Market Size and Growth - Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region.
Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and major countries within each region.
Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
Conclusions And Recommendations- This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for elevator and escalator providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered
1) By Type: Elevators; Escalators; Moving Walkways2) By Business: New Equipment; Maintenance; Modernization
3) By End User: Residential; Commercial; Institutional; Infrastructure; Other End Users
4) By Elevator Technology: Traction Elevator; Machine Room-Less Traction Elevator; Hydraulic Elevators
Companies Mentioned: Schindler Group; Otis Worldwide Corporation; Kone Corporation; Hitachi, Ltd.; Mitsubishi Electric Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; elevator and escalator indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Schindler Group
- Otis Worldwide Corporation
- Kone Corporation
- Hitachi, Ltd.
- Mitsubishi Electric Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 284 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 92501.8 Million |
| Forecasted Market Value ( USD | $ 194671.9 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
