Global Elevator Market Size study & Forecast, by Product, by Deck Type, by Application, by Destination Control, by Technology, by Installation, by Industry and Regional Analysis, 2022-2029

Description

List of Tables

Global Elevator Market is valued at approximately USD 99.30 Billion in 2021and is anticipated to grow with a healthy growth rate of more than 3.50% over the forecast period 2022-2029.Elevators are vertical berths for the transport of people and materials within several floors and levels. They are operated with the help of electric motors installed that powers counterweight equipment and cables to work. People are inclined towards elevators to escape from everyday stress and indolent behavior. Elevators are widely used in the construction sector for transporting goods and carrying people or machines from one floor to another. It makes it easier to raise and lower things and people. Additionally, the growing construction and building industry and the increasing elderly population are major drivers of the elevator market.

The growing construction and building industry surge the demand for the elevator market. As changing lifestyles of people are raising their standard of living. The global construction industry is expected to be twice bigger in 2030 as compared to that in 2022, with a market value of USD 6.4 trillion in 2030. The increasing elderly population is another major growth factor in the elevator market. For instance, in 2020 there was a steady increase in the total elderly population, compared to that of 1961 the female elderly population grew by 6% of the total female population. In 2031, the value is further anticipated to reach almost 14%. Moreover, continuous advancements in the formulation and increasing investments in infrastructure are creating market opportunities in the forecast period.. However, the high maintenance and installation cost of the Elevator stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Elevator Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated the market for an elevator due to support from the government to propel the contraction industry in the region. Industrialization, growing population, changing lifestyles and raising standards of people are major drivers for the elevator market. Asia Pacific is anticipated to be the fastest-growing region due to the easy availability of raw materials and lower cost of labor. The rising demand for elevators for commercial and infrastructural activities is capturing the market demand.

Major market players included in this report are:

Schindler Holding Ltd.
CCL Industries Inc.
Intouch Labels and Packaging Inc.
Hitachi Ltd.
KONE Corporation
Fujitec Co., Ltd
Mitsubishi Electric Corporation
Elevator World, Inc.
Toshiba Elevator and Building Systems Corporation
Otis Elevator Company (I). Ltd.

Recent Developments in the Market:

In February 2021, Schindler and citizen hotels signed a partnership agreement to modernize their services for elevators in their existing building groups.
In July 2020, CCL Industries announced its acquisition of InTouch Labels and Packaging Co., Inc. Here, CCL specializes in labels and packaging whereas InTouch Labels provides custom label design and printing.

Global Elevator Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Product, Deck Type, Application, Destination Control, Technology, Installation, Industry, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

ByProduct:

Hydraulic and Pneumatic
Machine Room [MR] Traction
Machine Room-Less [MRL]

By Deck Type:

Single Deck
Double Deck

By Application:

Passengers
Freight

By Destination Control:

Smart
Conventional

By Technology:

Traction elevator
Machine Room less Traction Elevator
Hydraulic

By Installation:

New Installation
Maintenance
Modernization

By Industry:

Residential
Commercial
Institutional
Infrastructure
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Elevator Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Elevator Market, by Product,2019-2029 (USD Billion)
- 1.2.3. Elevator Market, by Deck Type, 2019-2029 (USD Billion)
- 1.2.4. Elevator Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. Elevator Market, by Destination Control, 2019-2029 (USD Billion)
- 1.2.6. Elevator Market, by Technology, 2019-2029 (USD Billion)
- 1.2.7. Elevator Market, by Installation, 2019-2029 (USD Billion)
- 1.2.8. Elevator Market, by Industry, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Elevator Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Elevator Market Dynamics

3.1. Elevator Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing Construction and Building Industry.
  - 3.1.1.2. Increasing elderly population.
- 3.1.2. Market Challenges
  - 3.1.2.1. High Maintenance and Installation Cost of Elevator
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Formulation.
  - 3.1.3.2. Increasing Investment in Infrastructure.

Chapter 4. Global Elevator Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Elevator Market, by Product

6.1. Market Snapshot
6.2. Global Elevator Market by Product, Performance - Potential Analysis
6.3. Global Elevator Market Estimates & Forecasts by Product2019-2029 (USD Billion)
6.4. Elevator Market, Sub Segment Analysis
- 6.4.1. Hydraulic and Pneumatic
- 6.4.2. Machine Room [MR] Traction
- 6.4.3. Machine Room-Less [MRL] Traction

Chapter 7. Global Elevator Market, by Deck Type

7.1. Market Snapshot
7.2. Global Elevator Market by Deck Type, Performance - Potential Analysis
7.3. Global Elevator Market Estimates & Forecasts by Deck Type2019-2029 (USD Billion)
7.4. Elevator Market, Sub Segment Analysis
- 7.4.1. Single Deck
- 7.4.2. Double Deck

Chapter 8. Global Elevator Market, by Application

8.1. Market Snapshot
8.2. Global Elevator Market by Application, Performance - Potential Analysis
8.3. Global Elevator Market Estimates & Forecasts by Application2019-2029 (USD Billion)
8.4. Elevator Market, Sub Segment Analysis
- 8.4.1. Passengers
- 8.4.2. Freight

Chapter 9. Global Elevator Market, by Destination Control

9.1. Market Snapshot
9.2. Global Elevator Market by Destination Control, Performance - Potential Analysis
9.3. Global Elevator Market Estimates & Forecasts by Destination Control2019-2029 (USD Billion)
9.4. Elevator Market, Sub Segment Analysis
- 9.4.1. Smart
- 9.4.2. Conventional

Chapter 10. Global Elevator Market, by Technology

10.1. Market Snapshot
10.2. Global Elevator Market by Technology, Performance - Potential Analysis
10.3. Global Elevator Market Estimates & Forecasts by Technology2019-2029 (USD Billion)
10.4. Elevator Market, Sub Segment Analysis
- 10.4.1. Traction elevator
- 10.4.2. Machine Room less Traction Elevator
- 10.4.3. Hydraulic

Chapter 11. Global Elevator Market, by Installation

11.1. Market Snapshot
11.2. Global Elevator Market by Installation, Performance - Potential Analysis
11.3. Global Elevator Market Estimates & Forecasts by Installation2019-2029 (USD Billion)
11.4. Elevator Market, Sub Segment Analysis
- 11.4.1. New Installation
- 11.4.2. Maintenance
- 11.4.3. Modernization

Chapter 12. Global Elevator Market, by Industry

12.1. Market Snapshot
12.2. Global Elevator Market by Industry, Performance - Potential Analysis
12.3. Global Elevator Market Estimates & Forecasts by Industry2019-2029 (USD Billion)
12.4. Elevator Market, Sub Segment Analysis
- 12.4.1. Residential
- 12.4.2. Commercial
- 12.4.3. Institutional
- 12.4.4. Infrastructure
- 12.4.5. Others

Chapter 13. Global Elevator Market, Regional Analysis

13.1. Elevator Market, Regional Market Snapshot
13.2. North America Elevator Market
- 13.2.1. U.S. Elevator Market
  - 13.2.1.1. Product breakdown estimates & forecasts, 2019-2029
  - 13.2.1.2. Deck Type breakdown estimates & forecasts, 2019-2029
  - 13.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  - 13.2.1.4. Destination Control breakdown estimates & forecasts, 2019-2029
  - 13.2.1.5. Technology breakdown estimates & forecasts, 2019-2029
  - 13.2.1.6. Installation breakdown estimates & forecasts, 2019-2029
  - 13.2.1.7. Industry breakdown estimates & forecasts, 2019-2029
- 13.2.2. Canada Elevator Market
13.3. Europe Elevator Market Snapshot
- 13.3.1. U.K. Elevator Market
- 13.3.2. Germany Elevator Market
- 13.3.3. France Elevator Market
- 13.3.4. Spain Elevator Market
- 13.3.5. Italy Elevator Market
- 13.3.6. Rest of Europe Elevator Market
13.4. Asia-Pacific Elevator Market Snapshot
- 13.4.1. China Elevator Market
- 13.4.2. India Elevator Market
- 13.4.3. Japan Elevator Market
- 13.4.4. Australia Elevator Market
- 13.4.5. South Korea Elevator Market
- 13.4.6. Rest of Asia Pacific Elevator Market
13.5. Latin America Elevator Market Snapshot
- 13.5.1. Brazil Elevator Market
- 13.5.2. Mexico Elevator Market
13.6. Rest of The World Elevator Market

Chapter 14. Competitive Intelligence

14.1. Top Market Strategies
14.2. Company Profiles
- 14.2.1. Schindler Holding Ltd.
  - 14.2.1.1. Key Information
  - 14.2.1.2. Overview
  - 14.2.1.3. Financial (Subject to Data Availability)
  - 14.2.1.4. Product Summary
  - 14.2.1.5. Recent Developments
- 14.2.2. CCL Industries Inc.
- 14.2.3. Intouch Labels and Packaging Inc.
- 14.2.4. Hitachi Ltd.
- 14.2.5. KONE Corporation
- 14.2.6. Fujitec Co., Ltd
- 14.2.7. Mitsubishi Electric Corporation
- 14.2.8. Elevator World, Inc.
- 14.2.9. Toshiba Elevator and Building Systems Corporation
- 14.2.10. Otis Elevator Company (I). Ltd.

Chapter 15. Research Process

15.1. Research Process
- 15.1.1. Data Mining
- 15.1.2. Analysis
- 15.1.3. Market Estimation
- 15.1.4. Validation
- 15.1.5. Publishing
15.2. Research Attributes
15.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Elevator Market, report scope
TABLE 2. Global Elevator Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Elevator Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 4. Global Elevator Market estimates & forecasts by Deck Type 2019-2029 (USD Billion)
TABLE 5. Global Elevator Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Elevator Market estimates & forecasts by Destination Control 2019-2029 (USD Billion)
TABLE 7. Global Elevator Market estimates & forecasts by Technology 2019-2029 (USD Billion)
TABLE 8. Global Elevator Market estimates & forecasts by Installation 2019-2029 (USD Billion)
TABLE 9. Global Elevator Market estimates & forecasts by Industry 2019-2029 (USD Billion)
TABLE 10. Global Elevator Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Elevator Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Elevator Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Elevator Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Elevator Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Elevator Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global Elevator Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. Global Elevator Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. Global Elevator Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Global Elevator Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. U.S. Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. U.S. Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. U.S. Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Canada Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. Canada Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Canada Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. UK Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. UK Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. UK Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Germany Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. Germany Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Germany Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. France Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. FranceElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. FranceElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. ItalyElevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. ItalyElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. ItalyElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. SpainElevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. SpainElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. SpainElevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. RoE Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. RoE Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. RoE Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. China Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. China Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. China Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. India Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. India Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. India Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Japan Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. Japan Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Japan Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. South Korea Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. South Korea Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. South Korea Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Australia Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. Australia Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Australia Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. RoAPAC Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. RoAPAC Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. RoAPAC Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Brazil Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Brazil Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Brazil Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Mexico Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. Mexico Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Mexico Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. RoLA Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. RoLA Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. RoLA Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. Row Elevator Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 72. Row Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 73. Row Elevator Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 74. List of secondary sources, used in the study of global Elevator Market
TABLE 75. List of primary sources, used in the study of global Elevator Market
TABLE 76. Years considered for the study
TABLE 77. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Elevator Market, research methodology
FIG 2. Global Elevator Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Elevator Market, key trends 2021
FIG 5. Global Elevator Market, growth prospects 2022-2029
FIG 6. Global Elevator Market, porters 5 force model
FIG 7. Global Elevator Market, pest analysis
FIG 8. Global Elevator Market, value chain analysis
FIG 9. Global Elevator Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Elevator Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Elevator Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Elevator Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Elevator Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Elevator Market, regional snapshot 2019 & 2029
FIG 15. North America Elevator Market2019 & 2029 (USD Billion)
FIG 16. Europe Elevator Market2019 & 2029 (USD Billion)
FIG 17. Asia pacific Elevator Market2019 & 2029 (USD Billion)
FIG 18. Latin America Elevator Market2019 & 2029 (USD Billion)
FIG 19. Global Elevator Market, company Market share analysis (2021)