PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1389161
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1389161
Global Elevator and Escalator Market Size study & Forecast, by Product by Business, by Application and Regional Analysis, 2023-2030
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:
Global Elevator and Escalator Market Report Scope:
By Product:
By Business:
By Application:
By Region:
Table of Contents
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
Chapter 3. Global Elevator and Escalator Market Dynamics
Chapter 4. Global Elevator and Escalator Market Industry Analysis
Chapter 5. Global Elevator and Escalator Market, by Product
Chapter 6. Global Elevator and Escalator Market, by Business
Chapter 7. Global Elevator and Escalator Market, by Application
Chapter 8. Global Elevator and Escalator Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
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)
LIST OF FIGURES
