Global Elevator and Escalator Market Size study & Forecast, by Product by Business, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Elevator and Escalator Market is valued approximately USD 83.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2023-2030. Elevators and escalators are two common types of vertical transportation systems used in buildings and public spaces. The key factors driving the market growth is rising investment in infrastructure development, growing need for reducing energy consumption in buildings, growing urbanization and high-rise construction, and growing aging population and accessibility needs is anticipated to support the market growth during forecast period.

Moreover, the market is anticipated to be driven by the growth of smart cities. For instance, according to the Policy Forum, China spent over USD 30.4 billion on smart cities in 2018 and is expected to spend more than USD 59.9 billion by 2023. Furthermore, the industry is rising as a result of the increased need for high-speed lifts caused by skyscraper construction. For example, in Malaysia, the Merdeka PNB 118 skyscraper is 644 meters tall. It is anticipated that this skyscraper will be Southeast Asia's tallest skyscraper. Additionally, the rising development of innovative technologies and rising demand for smart elevators is anticipated to create the lucrative opportunity for the market during forecast period. However, the compliance with standards and regulations stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Elevator and Escalator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing investment in infrastructure development, growth of commercial constructions, and rising development of innovative technologies in the region. Whereas, the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period, owing to factors such as the supportive government initiatives for smart cities projects, Surging adoption of smart technologies, and growing investment in construction industry.

Major market player included in this report are:

Thyssenkrupp AG (Cinven, Advent and RAG Foundation) (Germany)
United Technologies (U.S.)
Schindler (Switzerland)
Kone Corporation (Finland)
Hitachi, Ltd. (Japan)
Hyundaielevator Co., Ltd. (South Korea)
Mitsubishi Electric Corporation (Japan)
Johnson Elevator Co., Ltd. (China)
Fujitec Co., Ltd (Japan)
Toshiba Corporation (Japan)

Recent Developments in the Market:

In Feb. 2021, Schindler and citizenM hotels, the top boutique hotel chain based in the Netherlands, have signed a partnership agreement to offer maintenance and modernization services for escalators and lifts in all of the Group's current buildings worldwide. Additionally, Schindler will install future vertical mobility solutions in the chain's new hotels.

Global Elevator and Escalator Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Business, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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 product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Elevators
Escalators
Moving Walkway

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

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Elevator and Escalator Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Elevator and Escalator Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Elevator and Escalator Market, by Business, 2020-2030 (USD Billion)
- 1.2.4. Elevator and Escalator Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Elevator and Escalator Market Definition and Scope

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

Chapter 3. Global Elevator and Escalator Market Dynamics

3.1. Elevator and Escalator Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising need for reducing energy consumption in buildings
  - 3.1.1.2. Growing investment in infrastructure development
- 3.1.2. Market Challenges
  - 3.1.2.1. Compliance with standards and regulations
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising development of innovative technologies and rising demand for smart elevators

Chapter 4. Global Elevator and Escalator 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. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Elevator and Escalator Market, by Product

5.1. Market Snapshot
5.2. Global Elevator and Escalator Market by Product, Performance - Potential Analysis
5.3. Global Elevator and Escalator Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Elevator and Escalator Market, Sub Segment Analysis
- 5.4.1. Elevators
- 5.4.2. Escalators
- 5.4.3. Moving Walkway

Chapter 6. Global Elevator and Escalator Market, by Business

6.1. Market Snapshot
6.2. Global Elevator and Escalator Market by Business, Performance - Potential Analysis
6.3. Global Elevator and Escalator Market Estimates & Forecasts by Business 2020-2030 (USD Billion)
6.4. Elevator and Escalator Market, Sub Segment Analysis
- 6.4.1. New Equipment
- 6.4.2. Maintenance
- 6.4.3. Modernization

Chapter 7. Global Elevator and Escalator Market, by Application

7.1. Market Snapshot
7.2. Global Elevator and Escalator Market by Application, Performance - Potential Analysis
7.3. Global Elevator and Escalator Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Elevator and Escalator Market, Sub Segment Analysis
- 7.4.1. Residential
- 7.4.2. Commercial
- 7.4.3. Industrial

Chapter 8. Global Elevator and Escalator Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Elevator and Escalator Market, Regional Market Snapshot
8.4. North America Elevator and Escalator Market
- 8.4.1. U.S. Elevator and Escalator Market
  - 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Business breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Elevator and Escalator Market
8.5. Europe Elevator and Escalator Market Snapshot
- 8.5.1. U.K. Elevator and Escalator Market
- 8.5.2. Germany Elevator and Escalator Market
- 8.5.3. France Elevator and Escalator Market
- 8.5.4. Spain Elevator and Escalator Market
- 8.5.5. Italy Elevator and Escalator Market
- 8.5.6. Rest of Europe Elevator and Escalator Market
8.6. Asia-Pacific Elevator and Escalator Market Snapshot
- 8.6.1. China Elevator and Escalator Market
- 8.6.2. India Elevator and Escalator Market
- 8.6.3. Japan Elevator and Escalator Market
- 8.6.4. Australia Elevator and Escalator Market
- 8.6.5. South Korea Elevator and Escalator Market
- 8.6.6. Rest of Asia Pacific Elevator and Escalator Market
8.7. Latin America Elevator and Escalator Market Snapshot
- 8.7.1. Brazil Elevator and Escalator Market
- 8.7.2. Mexico Elevator and Escalator Market
8.8. Middle East & Africa Elevator and Escalator Market
- 8.8.1. Saudi Arabia Elevator and Escalator Market
- 8.8.2. South Africa Elevator and Escalator Market
- 8.8.3. Rest of Middle East & Africa Elevator and Escalator Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Thyssenkrupp AG (Cinven, Advent and RAG Foundation) (Germany)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. United Technologies (U.S.)
- 9.3.3. Schindler (Switzerland)
- 9.3.4. Kone Corporation (Finland)
- 9.3.5. Hitachi, Ltd. (Japan)
- 9.3.6. Hyundaielevator Co., Ltd. (South Korea)
- 9.3.7. Mitsubishi Electric Corporation (Japan)
- 9.3.8. Johnson Elevator Co., Ltd. (China)
- 9.3.9. Fujitec Co., Ltd (Japan)
- 9.3.10. Toshiba Corporation (Japan)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Elevator and Escalator Market, report scope
TABLE 2. Global Elevator and Escalator Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Elevator and Escalator Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Elevator and Escalator Market estimates & forecasts by Business 2020-2030 (USD Billion)
TABLE 5. Global Elevator and Escalator Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Elevator and Escalator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Elevator and Escalator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Elevator and Escalator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Elevator and Escalator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Elevator and Escalator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Elevator and Escalator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Elevator and Escalator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Elevator and Escalator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Elevator and Escalator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Elevator and Escalator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Elevator and Escalator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Elevator and Escalator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Elevator and Escalator Market
TABLE 71. List of primary sources, used in the study of global Elevator and Escalator 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

FIG 1. Global Elevator and Escalator Market, research methodology
FIG 2. Global Elevator and Escalator Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Elevator and Escalator Market, key trends 2022
FIG 5. Global Elevator and Escalator Market, growth prospects 2023-2030
FIG 6. Global Elevator and Escalator Market, porters 5 force model
FIG 7. Global Elevator and Escalator Market, pest analysis
FIG 8. Global Elevator and Escalator Market, value chain analysis
FIG 9. Global Elevator and Escalator Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Elevator and Escalator Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Elevator and Escalator Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Elevator and Escalator Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Elevator and Escalator Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Elevator and Escalator Market, regional snapshot 2020 & 2030
FIG 15. North America Elevator and Escalator Market 2020 & 2030 (USD Billion)
FIG 16. Europe Elevator and Escalator Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Elevator and Escalator Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Elevator and Escalator Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Elevator and Escalator Market 2020 & 2030 (USD Billion)