Global Elevators Market Size study & Forecast, by Type by Business, by Application and Regional Analysis, 2022-2029

Description

List of Tables

Global Elevators Market is valued approximately at USD 68.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. An elevator is a kind of machine that uses to transports people between two levels. They are usually powered by an electric motor which drive traction, cables and counterweight systems such as hoist. The Elevators market is expanding because of factors such as rising demand from end use industries such as residential, commercial, and industrial, rising geriatric population and rise in investment in construction industry. However, high cost of elevators may halt market growth.

Rise in geriatric population across the globe is favouring the market growth. As old age people face difficulties in walking due to low immune system which raises the demand for adoption of elevator. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Along with these rise in construction spending owing to rising urbanization and modernization across the world is further fueling the market growth. According to Statista, in year 2019 Construction industry spending worldwide stood at USD 12 trillion which increased to USD 12.9 trillion in year 2021 and it is projected to reach USD 19.2 trillion by year 2035. Thus, rising spending in construction industry is favoring market growth. In addition, rising urbanization and investment in development of smart infrastructure is creating lucrative growth to the market.

The key regions considered for the Global Elevators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of construction industry, rise in investment for development of smart cities in the region. Whereas North America is expected to grow with a highest CAGR during the forecast period, owing to rising development of residential and commercial sector.

Major market player included in this report are:

TK Elevator
Schindler
KONE Corporation
Hitachi Ltd.
HYUNDAIELEVATOR CO.,LTD.
Toshiba Group
Fujitec Co., LTD
Aritco Lift AB
EMAK
Sigma Elevator Comapny

Recent Developments in the Market:

In 2021, TK Elevator announced the acquisition of Accurate Elevator. This would lead to fortify the company presence in regional market.
In 2022, Mitsubishi Electric announced to expand the company presence in Florida by establishing a new branch in the Miami.

Global Elevators 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 Type, Business, Application, 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 incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Hydraulic
Traction
Machine Room-Less Traction
Others

By Business:

New Equipment
Maintenance
Modernization

By Application:

Residential
Commercial
Industrial

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
RoLA
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. Elevators Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Elevators Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Elevators Market, by Business, 2019-2029 (USD Billion)
- 1.2.4. Elevators Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Elevators 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 Elevators Market Dynamics

3.1. Elevators Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand from end users in the residential, commercial, and industrial sectors
  - 3.1.1.2. Increased construction spending globally.
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of Elevators
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising urbanization and investment in development of smart infrastructure

Chapter 4. Global Elevators 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. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

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 Elevators Market, by Type

6.1. Market Snapshot
6.2. Global Elevators Market by Type, Performance - Potential Analysis
6.3. Global Elevators Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Elevators Market, Sub Segment Analysis
- 6.4.1. Hydraulic
- 6.4.2. Traction
- 6.4.3. Machine Room-Less Traction
- 6.4.4. Others

Chapter 7. Global Elevators Market, by Business

7.1. Market Snapshot
7.2. Global Elevators Market by Business, Performance - Potential Analysis
7.3. Global Elevators Market Estimates & Forecasts by Business 2019-2029 (USD Billion)
7.4. Elevators Market, Sub Segment Analysis
- 7.4.1. New Equipment
- 7.4.2. Maintenance
- 7.4.3. Modernization

Chapter 8. Global Elevators Market, by Application

8.1. Market Snapshot
8.2. Global Elevators Market by Application, Performance - Potential Analysis
8.3. Global Elevators Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Elevators Market, Sub Segment Analysis
- 8.4.1. Residential
- 8.4.2. Commercial
- 8.4.3. Industrial

Chapter 9. Global Elevators Market, Regional Analysis

9.1. Elevators Market, Regional Market Snapshot
9.2. North America Elevators Market
- 9.2.1. U.S. Elevators Market
  - 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Business breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Elevators Market
9.3. Europe Elevators Market Snapshot
- 9.3.1. U.K. Elevators Market
- 9.3.2. Germany Elevators Market
- 9.3.3. France Elevators Market
- 9.3.4. Spain Elevators Market
- 9.3.5. Italy Elevators Market
- 9.3.6. Rest of Europe Elevators Market
9.4. Asia-Pacific Elevators Market Snapshot
- 9.4.1. China Elevators Market
- 9.4.2. India Elevators Market
- 9.4.3. Japan Elevators Market
- 9.4.4. Australia Elevators Market
- 9.4.5. South Korea Elevators Market
- 9.4.6. Rest of Asia Pacific Elevators Market
9.5. Latin America Elevators Market Snapshot
- 9.5.1. Brazil Elevators Market
- 9.5.2. Mexico Elevators Market
- 9.5.3. Rest of Latin America Elevators Market
9.6. Rest of The World Elevators Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. TK Elevator
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Schindler
- 10.2.3. KONE Corporation
- 10.2.4. Hitachi Ltd.
- 10.2.5. HYUNDAIELEVATOR CO.,LTD.
- 10.2.6. Toshiba Group
- 10.2.7. Fujitec Co., LTD
- 10.2.8. Aritco Lift AB
- 10.2.9. EMAK
- 10.2.10. Sigma Elevator Comapny

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Elevators Market, report scope
TABLE 2. Global Elevators Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Elevators Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Elevators Market estimates & forecasts by Business 2019-2029 (USD Billion)
TABLE 5. Global Elevators Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Elevators Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Elevators Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Elevators Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Elevators Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Elevators Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Elevators Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Elevators Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Elevators Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Elevators Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Elevators Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Elevators Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Elevators Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Elevators Market
TABLE 71. List of primary sources, used in the study of global Elevators Market
TABLE 72. Years considered for the study
TABLE 73. 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 Elevators Market, research methodology
FIG 2. Global Elevators Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Elevators Market, key trends 2021
FIG 5. Global Elevators Market, growth prospects 2022-2029
FIG 6. Global Elevators Market, porters 5 force model
FIG 7. Global Elevators Market, pest analysis
FIG 8. Global Elevators Market, value chain analysis
FIG 9. Global Elevators Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Elevators Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Elevators Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Elevators Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Elevators Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Elevators Market, regional snapshot 2019 & 2029
FIG 15. North America Elevators Market 2019 & 2029 (USD Billion)
FIG 16. Europe Elevators Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Elevators Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Elevators Market 2019 & 2029 (USD Billion)
FIG 19. Global Elevators Market, company Market share analysis (2021)