Elevators and Escalators Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DOT23 | Last Updated On: Sep 14 2020 | No. of Pages: 244 | Available Formats

> Global Elevators and Escalators Market Expected to reach at a high CAGR by 2027: DataM Intelligence

Global Elevators and Escalators Market is segmentation By Type (Elevators (New Equipment, Maintenance, and Repair), Escalators), By End-User (Residential, Non-Residential), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Elevators and Escalators Market is expected to grow at a high CAGR during the forecasting period (2020-2027). The market is expected to grow at a significant rate due to the rise in the middle-class population, growth in the number of high-rise buildings and the emerging ecosystem of next-generation elevators and escalators.

Escalators & elevators are widely used across several verticals such as industrial, residential, and commercial places. They are conventionally installed at venues such as railway stations, residential complexes, hospitals, metro stations, malls, office buildings, schools, and airports. Installation of escalators and elevators in high-rise and mid-rise buildings has become essential, thereby helping the market to gain momentum in the construction sector.

Market Dynamics

The global Elevators and Escalators market growth is driven mainly due to rapid urbanization, small living spaces, and an expanding middle class in emerging economies. China is the world’s largest market for escalators and elevators, and domestic OEMs dominate the country. The markets in Southeast Asia have shown strong growth in the region. Moreover, the region is expected to witness a substantial rise in the construction sector, which can be attributed to increasing private and public infrastructural development projects.

According to the National Bureau of statistics China in 2018, the commercial building space sold in the region is increased from 157 million sq. Meters in 2016 to 169.407 million sq. Meters in 2017 and the residential buildings have risen from 137.58 million sq. Meters in 2016 to 144.788 million square meters in 2017, and these expected consistently during the forecast period.

Market Segmentation

By type, the market is segmented into escalator and elevators. In 2018, Elevator segment dominated the global market and was expected to continue to dominate the market over the forecast period. Elevator systems comprise geared & gearless elevators, hydraulic elevators, and Machine Room fewer elevators (MRLs). The market is experiencing a significant shift from traditional equipped hydraulic lifts to the more recent MRL elevators that are technologically more advanced, facilitate in saving space, and are energy efficient.

By End-User, the global Elevators and Escalators market is segmented into Residential and Non-Residential segments. The non-residential segment includes government, commercial, and industrial spaces. Prominent vendors are emphasizing on manufacturing energy-efficient escalators and elevators. As elevators and escalators use a high amount of energy and power, therefore, restraining the market growth, especially in the residential segment. However, significant increase in the real estate industry is anticipated to be a significant driver in the escalator & elevator market.

Regional Analysis

By geography, the Elevators and Escalators market is segmented into the Asia Pacific (APAC), North America, South America, Europe, and the Middle East and Africa.

APAC dominated the global Elevators and Escalators market in 2018 and will continue to dominate the market over the forecast period (2020-2027) owing to the rapid urbanization and sizeable growth and investment in the construction sector. Market participants and players are focusing on entering new markets and aim to increase in presence in the region.

For instance, In India, Increasing urbanization, growing demand for high rise buildings and government’s thrust on infrastructure in tier II & III cities has put the elevator market in the country on a high growth trajectory.

In developed countries like the US, the UK, Japan, and Germany, there is a shift from conventional products to smart and energy-efficient products. The need for intelligent elevators has grown considerably due to increasing demands to reduce travel time between floors and awareness of the need for energy-efficient residential elevators. The use of IoT enables the monitoring in real-time, helping to improve the control of buildings and equipment. This reduces downtime and also reduces operational costs. As energy efficiency in buildings is increasingly being concentrated, there is a huge risk that IoT-enabled lifts may be used to support predictive maintenance. This trend is expected to boost the global elevators and escalators market to a large extent.

Competitive Landscape

Global Elevators and Escalators Market is moderately concentrated with the presence of global and regional players in the market. There is intense competition in the market among the top players. The escalator & elevator market players have become more conscious about improving and enhancing their products. Safety is considered as a topmost priority as there have been several mishaps due to malfunctioning of elevators.

Major players in the market include KONE Corporation, Otis Elevator Company, Schindler Holding Limited, Hitachi, and Mitsubishi. Other key players in the market are Canny Elevators, Fujitec Co. Ltd, Hyundai, Johnson Lifts, Kleenmann Group,  Sigma, ThyssenKrupp Elevator AG, and Toshiba, among others.

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Table of Contents

  1. Global Elevators and Escalators Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Elevators and Escalators Market – Market Definition and Overview

  3. Global Elevators and Escalators Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by End-User
    3. Market Snippet by Region
  4. Global Elevators and Escalators Market – Market Dynamics

    1. Market Impacting Factors
    2. Drivers
      1. Growing demand for smart elevators
    3. Restraints
      1. High initial investment
    4. Opportunity
    5. Impact Analysis
  5. Global Elevators and Escalators Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. Global Elevators and Escalators Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Elevators*
      1. New Equipment
      2. Maintenance and Repair
        1.  Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Escalators
  7. Global Elevators and Escalators Market – By End-User

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Residential*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Non-Residential
  8. Global Elevators and Escalators Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Industry
  9. Global Elevators and Escalators Market – Competitive Landscape

      1. Competitive Scenario
      2. Market Positioning/Share Analysis
      3. Mergers and Acquisitions Analysis
  10. Company Profiles

    1. Otis*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. KONE Corporation
    3. Schindler Holding Limited
    4. Hitachi
    5. Mitsbushi
    6. Canny Elevators
    7. Fujitec Co. Ltd
    8. Hyundai
    9. Johnson Lifts
    10. Kleenmann Group
    11. Sigma
    12. ThyssenKrupp Elevator AG
    13. Toshiba
  11. Global Elevators and Escalators Market – Premium Insights

  12. Global Elevators and Escalators Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01 Global Elevators and Escalators Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 02 Global Elevators and Escalators Market Value, By End-User, 2018,2022 & 2027 ($ Million)

Table 03 Global Elevators and Escalators Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 04 Global Elevators and Escalators Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 05 Global Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 06 Global Elevators and Escalators Market Value, By End-User, 2018,2022 & 2027 ($ Million)

Table 07 Global Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 08 Global Elevators and Escalators Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 09 Global Elevators and Escalators Market Value, By Region, 2017-2027 ($ Million)

Table 10 North America Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 11 North America Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 12 North America Elevators and Escalators Market Value, By Country, 2017-2027 ($ Million)

Table 13 South America Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 14 South America Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 15 South America Elevators and Escalators Market Value, By Country, 2017-2027 ($ Million)

Table 16 Europe Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 17 Europe Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 18 Europe Elevators and Escalators Market Value, By Country, 2017-2027 ($ Million)

Table 19 Asia-Pacific Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 20 Asia-Pacific Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 21 Asia-Pacific Elevators and Escalators Market Value, By Country, 2017-2027 ($ Million)

Table 22 Middle East & Africa Elevators and Escalators Market Value, By Type, 2017-2027 ($ Million)

Table 23 Middle East & Africa Elevators and Escalators Market Value, By End-User, 2017-2027 ($ Million)

Table 24 Otis: Overview

Table 25 Otis: Product Portfolio

Table 26 Otis: Key Developments

Table 27 KONE Corporation: Overview

Table 28 KONE Corporation: Product Portfolio

Table 29 KONE Corporation: Key Developments

Table 30 Schindler Holding Limited: Overview

Table 31 Schindler Holding Limited: Product Portfolio

Table 32 Schindler Holding Limited: Key Developments

Table 33 Hitachi: Overview

Table 34 Hitachi: Product Portfolio

Table 35 Hitachi: Key Developments

Table 36 Mitsbushi: Overview

Table 37 Mitsbushi: Product Portfolio

Table 38 Mitsbushi: Key Developments

Table 39 Canny Elevators: Overview

Table 40 Canny Elevators: Product Portfolio

Table 41 Canny Elevators: Key Developments

Table 42 ThyssenKrupp Elevator AG: Overview

Table 43 ThyssenKrupp Elevator AG: Product Portfolio

Table 44 ThyssenKrupp Elevator AG: Key Developments

Table 45 Hyundai: Overview

Table 46 Hyundai: Product Portfolio

Table 47 Hyundai: Key Developments

Table 48 Johnson Lifts: Overview

Table 49 Johnson Lifts: Product Portfolio

Table 50 Johnson Lifts: Key Developments

Table 51 Kleenmann Group: Overview

Table 52 Kleenmann Group: Product Portfolio

Table 53 Kleenmann Group: Key Developments

List of Figures

Figure 01 Global Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 02 Global Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 03 Global Elevators and Escalators Market Share, By Region, 2018 & 2027 (%)

Figure 04 Global Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 05 Global Elevators and Escalators Market Y-o-Y Growth, By Type, 2018-2027 (%)

Figure 06 Elevators: Global Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 07 Escalators: Global Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 08 Global Elevators and Escalators Market Y-o-Y Growth, By End-User, 2018-2027 (%)

Figure 09 Residential: Global Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 10 Non-Residential: Global Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 11 Global Elevators and Escalators Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 12 North America Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 13 North America Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 14 North America Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 15 North America Elevators and Escalators Market Share, By Country, 2018 & 2027 (%)

Figure 16 South America Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 17 South America Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 18 South America Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 19 South America Elevators and Escalators Market Share, By Country, 2018 & 2027 (%)

Figure 20 Europe Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 21 Europe Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 22 Europe Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 23 Europe Elevators and Escalators Market Share, By Country, 2018 & 2027 (%)

Figure 24 Asia-Pacific Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 25 Asia-Pacific Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 26 Asia-Pacific Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 27 Asia-Pacific Elevators and Escalators Market Share, By Country, 2018 & 2027 (%)

Figure 28 Middle East & Africa Elevators and Escalators Market Value, 2017-2027 ($ Million)

Figure 29 Middle East & Africa Elevators and Escalators Market Share, By Type, 2018 & 2027 (%)

Figure 30 Middle East & Africa Elevators and Escalators Market Share, By End-User, 2018 & 2027 (%)

Figure 31 Otis: Financials

Figure 32 KONE Corporation: Financials

Figure 33 Schindler Holding Limited: Financials

Figure 34 Hitachi: Financials

Figure 35 Mitsbushi: Financials

Figure 36 Canny Elevators: Financials

Figure 37 ThyssenKrupp Elevator AG: Financials

Figure 38 Hyundai: Financials

Figure 39 Johnson Lifts: Financials

Figure 40 Kleenmann Group: Financials

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