Elevator and Escalator Market in US 2024-2028

Description

List of Tables

The elevator and escalator market in US is forecasted to grow by USD 2.82 bn during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the elevator and escalator market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for elevators and escalators due to changing demographics, demand for modernization and maintenance of elevators and escalators, and increasing adoption of smart homes.

Technavio's elevator and escalator market in US is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.44%
CAGR	6.36%
Incremental Value	$2.82bn

By Product

Elevators
Escalators

By Service

New installations
Maintenance
Modernization

By Application

Commercial
Residential
Industrial

This study identifies the rise of smart elevators as one of the prime reasons driving the elevator and escalator market in US growth during the next few years. Also, increasing adoption of energy-efficient elevators and escalators and elevators as architectural ornaments will lead to sizable demand in the market.

The report on the elevator and escalator market in US covers the following areas:

Elevator and escalator market in US sizing
Elevator and escalator market in US forecast
Elevator and escalator market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in US vendors that include AVT Beckett, Colley Elevator Co., Delfar Elevator Co Ltd, Delta Electronics Inc., Doppelmayr Seilbahnen GmbH, Fuji Electric Co. Ltd., Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., K. A. Schmersal Holding GmbH and Co. KG, KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Prysmian Spa, Savaria Corp., Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., Weidmuller Interface GmbH and Co. KG, and WITTUR HOLDING GmbH. Also, the elevator and escalator market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43634

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Product
Exhibit 05: Executive Summary - Chart on Market Segmentation by Service
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Elevator and escalator market in US 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on elevator and escalator market in US 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Service Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Service Segment 2018 - 2022 ($ billion)
4.4 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 27: Chart on Product - Market share 2023-2028 (%)
Exhibit 28: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 29: Chart on Comparison by Product
Exhibit 30: Data Table on Comparison by Product
6.3 Elevators - Market size and forecast 2023-2028
Exhibit 31: Chart on Elevators - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Elevators - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Elevators - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Elevators - Year-over-year growth 2023-2028 (%)
6.4 Escalators - Market size and forecast 2023-2028
Exhibit 35: Chart on Escalators - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on Escalators - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on Escalators - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Escalators - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 39: Market opportunity by Product ($ billion)
Exhibit 40: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Service

7.1 Market segments
Exhibit 41: Chart on Service - Market share 2023-2028 (%)
Exhibit 42: Data Table on Service - Market share 2023-2028 (%)
7.2 Comparison by Service
Exhibit 43: Chart on Comparison by Service
Exhibit 44: Data Table on Comparison by Service
7.3 New installations - Market size and forecast 2023-2028
Exhibit 45: Chart on New installations - Market size and forecast 2023-2028 ($ billion)
Exhibit 46: Data Table on New installations - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Chart on New installations - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on New installations - Year-over-year growth 2023-2028 (%)
7.4 Maintenance - Market size and forecast 2023-2028
Exhibit 49: Chart on Maintenance - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Data Table on Maintenance - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Chart on Maintenance - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Maintenance - Year-over-year growth 2023-2028 (%)
7.5 Modernization - Market size and forecast 2023-2028
Exhibit 53: Chart on Modernization - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Data Table on Modernization - Market size and forecast 2023-2028 ($ billion)
Exhibit 55: Chart on Modernization - Year-over-year growth 2023-2028 (%)
Exhibit 56: Data Table on Modernization - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Service
Exhibit 57: Market opportunity by Service ($ billion)
Exhibit 58: Data Table on Market opportunity by Service ($ billion)

8 Market Segmentation by Application

8.1 Market segments
Exhibit 59: Chart on Application - Market share 2023-2028 (%)
Exhibit 60: Data Table on Application - Market share 2023-2028 (%)
8.2 Comparison by Application
Exhibit 61: Chart on Comparison by Application
Exhibit 62: Data Table on Comparison by Application
8.3 Commercial - Market size and forecast 2023-2028
Exhibit 63: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
8.4 Residential - Market size and forecast 2023-2028
Exhibit 67: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Residential - Year-over-year growth 2023-2028 (%)
8.5 Industrial - Market size and forecast 2023-2028
Exhibit 71: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Application
Exhibit 75: Market opportunity by Application ($ billion)
Exhibit 76: Data Table on Market opportunity by Application ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 78: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 79: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 80: Overview on factors of disruption
11.4 Industry risks
Exhibit 81: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 82: Vendors covered
12.2 Market positioning of vendors
Exhibit 83: Matrix on vendor position and classification
12.3 AVT Beckett
Exhibit 84: AVT Beckett - Overview
Exhibit 85: AVT Beckett - Product / Service
Exhibit 86: AVT Beckett - Key offerings
12.4 Colley Elevator Co.
Exhibit 87: Colley Elevator Co. - Overview
Exhibit 88: Colley Elevator Co. - Product / Service
Exhibit 89: Colley Elevator Co. - Key offerings
12.5 Delta Electronics Inc.
Exhibit 90: Delta Electronics Inc. - Overview
Exhibit 91: Delta Electronics Inc. - Business segments
Exhibit 92: Delta Electronics Inc. - Key offerings
Exhibit 93: Delta Electronics Inc. - Segment focus
12.6 Fujitec Co. Ltd.
Exhibit 94: Fujitec Co. Ltd. - Overview
Exhibit 95: Fujitec Co. Ltd. - Business segments
Exhibit 96: Fujitec Co. Ltd. - Key offerings
Exhibit 97: Fujitec Co. Ltd. - Segment focus
12.7 Hitachi Ltd.
Exhibit 98: Hitachi Ltd. - Overview
Exhibit 99: Hitachi Ltd. - Business segments
Exhibit 100: Hitachi Ltd. - Key news
Exhibit 101: Hitachi Ltd. - Key offerings
Exhibit 102: Hitachi Ltd. - Segment focus
12.8 Hyundai Elevator Co. Ltd.
Exhibit 103: Hyundai Elevator Co. Ltd. - Overview
Exhibit 104: Hyundai Elevator Co. Ltd. - Product / Service
Exhibit 105: Hyundai Elevator Co. Ltd. - Key offerings
12.9 KONE Corp.
Exhibit 106: KONE Corp. - Overview
Exhibit 107: KONE Corp. - Product / Service
Exhibit 108: KONE Corp. - Key news
Exhibit 109: KONE Corp. - Key offerings
12.10 Mitsubishi Electric Corp.
Exhibit 110: Mitsubishi Electric Corp. - Overview
Exhibit 111: Mitsubishi Electric Corp. - Business segments
Exhibit 112: Mitsubishi Electric Corp. - Key news
Exhibit 113: Mitsubishi Electric Corp. - Key offerings
Exhibit 114: Mitsubishi Electric Corp. - Segment focus
12.11 Otis Worldwide Corp.
Exhibit 115: Otis Worldwide Corp. - Overview
Exhibit 116: Otis Worldwide Corp. - Business segments
Exhibit 117: Otis Worldwide Corp. - Key news
Exhibit 118: Otis Worldwide Corp. - Key offerings
Exhibit 119: Otis Worldwide Corp. - Segment focus
12.12 Prysmian Spa
Exhibit 120: Prysmian Spa - Overview
Exhibit 121: Prysmian Spa - Business segments
Exhibit 122: Prysmian Spa - Key offerings
Exhibit 123: Prysmian Spa - Segment focus
12.13 Savaria Corp.
Exhibit 124: Savaria Corp. - Overview
Exhibit 125: Savaria Corp. - Business segments
Exhibit 126: Savaria Corp. - Key offerings
Exhibit 127: Savaria Corp. - Segment focus
12.14 Schindler Holding Ltd.
Exhibit 128: Schindler Holding Ltd. - Overview
Exhibit 129: Schindler Holding Ltd. - Product / Service
Exhibit 130: Schindler Holding Ltd. - Key news
Exhibit 131: Schindler Holding Ltd. - Key offerings
12.15 thyssenkrupp AG
Exhibit 132: thyssenkrupp AG - Overview
Exhibit 133: thyssenkrupp AG - Business segments
Exhibit 134: thyssenkrupp AG - Key offerings
Exhibit 135: thyssenkrupp AG - Segment focus
12.16 Toshiba Corp.
Exhibit 136: Toshiba Corp. - Overview
Exhibit 137: Toshiba Corp. - Business segments
Exhibit 138: Toshiba Corp. - Key news
Exhibit 139: Toshiba Corp. - Key offerings
Exhibit 140: Toshiba Corp. - Segment focus
12.17 Weidmuller Interface GmbH and Co. KG
Exhibit 141: Weidmuller Interface GmbH and Co. KG - Overview
Exhibit 142: Weidmuller Interface GmbH and Co. KG - Product / Service
Exhibit 143: Weidmuller Interface GmbH and Co. KG - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 144: Inclusions checklist
Exhibit 145: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 146: Currency conversion rates for US$
13.4 Research methodology
Exhibit 147: Research methodology
Exhibit 148: Validation techniques employed for market sizing
Exhibit 149: Information sources
13.5 List of abbreviations
Exhibit 150: List of abbreviations