Elevators & Escalators Market by Product Type, ElevationTechnology, End-User

List of Tables

The Elevators & Escalators Market is projected to reach USD 187.91 billion by 2030 from USD 106.98 billion in 2022, at a CAGR of 7.29% during the forecast period.

Global Elevators & Escalators Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 106.98 billion
Estimated Year Value [2023]	USD 113.31 billion
Forecast Year Value [2030]	USD 187.91 billion
CAGR (%)	7.29%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Elevators & Escalators Market.

Based on Product Type, market is studied across Elevators and Escalators. The Elevators is further studied across Dumbwaiter, Freight Elevator, Passenger Elevator, and Service Elevator. The Escalators is further studied across Belt-type Escalators, Crisscross Escalator, Curved Escalators, Multi-Story Escalators, Outdoor Escalators, Parallel Escalator, Stairway Escalators, and Wheelchair-accessible Escalator. The Elevators commanded largest market share of 65.77% in 2022, followed by Escalators.

Based on ElevationTechnology, market is studied across Hydraulic and Traction. The Hydraulic commanded largest market share of 47.65% in 2022, followed by Traction.

Based on End-User, market is studied across Commercial, Industrial, and Residential. The Industrial commanded largest market share of 45.21% in 2022, followed by Residential.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.12% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Elevators & Escalators Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Elevators & Escalators Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Elevators & Escalators Market, highlighting leading vendors and their innovative profiles. These include Aritco Lift AB, AVT Beckett, Canny Elevator Co., Ltd., Delfar Elevator Co., Ltd., Delta Elevator Co. Ltd., Electra Elevators, Fujitec Co., Ltd., Hitachi Ltd., Honeywell International Inc., Hyundai Elevator Co., Ltd., Kleemann Hellas SA, Kone Corporation, Mitsubishi Electric Corporation, Ningbo Hosting Elevator Co., Ltd., Omega Elevators, Orona Group, Otis Worldwide Corporation, Panasonic Corporation, Savaria Corporation, Schindler Holding Ltd., Siemens AG, Sigma Elevator Company, Southeast Elevator Inc., Tecno S.r.l., Teknix Elevators Pvt. Ltd., ThyssenKrupp AG, Toshiba Corporation, WAGO GmbH & Co. KG, Wittur Holding GmbH, and Yaskawa Electric Corporation.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Elevators & Escalators Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Elevators & Escalators Market?

3. What is the competitive strategic window for identifying opportunities in the Elevators & Escalators Market?

4. What are the latest technology trends and regulatory frameworks in the Elevators & Escalators Market?

5. What is the market share of the leading vendors in the Elevators & Escalators Market?

6. Which modes and strategic moves are suitable for entering the Elevators & Escalators Market?

Product Code: MRR-961BA04A2E0B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Elevators & Escalators Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising investment in commercial & residential high-rise buildings
  - 5.1.1.2. Increasing use of freight elevators for efficient material handling operations
  - 5.1.1.3. Emphasis on modernization of public infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. Operational limitation and complex maintenance activities
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies in elevators & escalators systems
  - 5.1.3.2. Government initiatives for the development of smart cities and green buildings
- 5.1.4. Challenges
  - 5.1.4.1. Safety risks and hazards associated with using escalators & elevators
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Penetration of elevators & escalators across various to enable efficient vertical transportation
- 5.2.2. ElevationTechnology: Potential adoption of hydraulic elevators in low-rise buildings
- 5.2.3. End-User: Significant use of elevators & escalators in industrial sectors for heavy-duty applications
5.3. Market Trend Analysis
- 5.3.1. Significant investments in public & private infrastructure development in the Americas
- 5.3.2. Presence of significant manufacturers coupled with emphasis on smart city projects in the APAC region
- 5.3.3. Well-established standards for safety and usability of elevators & escalators in the EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
- 5.10.1. EU Standards: Elevators & Escalators
- 5.10.2. Vendors' Strategic Uptake After Enactment of EU Standards
- 5.10.3. Cost analysis after changes in European Standards

6. Elevators & Escalators Market, by Product Type

6.1. Introduction
6.2. Elevators
- 6.3.1. Dumbwaiter
- 6.3.2. Freight Elevator
- 6.3.3. Passenger Elevator
- 6.3.4. Service Elevator
6.3. Escalators
- 6.4.1. Belt-type Escalators
- 6.4.2. Crisscross Escalator
- 6.4.3. Curved Escalators
- 6.4.4. Multi-Story Escalators
- 6.4.5. Outdoor Escalators
- 6.4.6. Parallel Escalator
- 6.4.7. Stairway Escalators
- 6.4.8. Wheelchair-accessible Escalator

7. Elevators & Escalators Market, by ElevationTechnology

7.1. Introduction
7.2. Hydraulic
7.3. Traction

8. Elevators & Escalators Market, by End-User

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Elevators & Escalators Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Elevators & Escalators Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Elevators & Escalators Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. TK Elevator Acquires Nordic Lift And Further Strengthens Market Position In Sweden
  - 12.3.1.2. American Elevator Group Expands Footprint in Pennsylvania with Acquisition of Port Elevator
  - 12.3.1.3. Mitsubishi Electric Signs Share-transfer Agreement to Wholly Acquire Swedish Elevator Company Motum
  - 12.3.1.4. 3Phase Excel Elevator and Willamette Elevator Announce Merger
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. CEDES And Relayr Announce Strategic Partnership To Bring IoT-Powered Solutions Closer To The Elevator Industry
  - 12.3.2.2. TK Elevator Signs New Global Partnership With CWT
  - 12.3.2.3. Companies Partner on Largest Independent Elevator IoT Deployment in North America
  - 12.3.2.4. Sharry and Otis Announce Global Partnership To Bring Elevator Access Integration To SmichOFF Building In Prague
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. TK Elevator launches EOX, the eco-efficient and digitally native low- to mid-rise elevator designed to improve the overall customer experience
  - 12.3.3.2. TK Elevator Launches Building Operations Platform MAX in India
  - 12.3.3.3. Kone India Opens a Large Passenger Elevator at Jio World Centre
- 12.3.4. Investment & Funding
  - 12.3.4.1. AEG Announces Investment in Trenton Elevator Co.
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Richardson Announces Plans To Expand Eight Elevators In Canada on the CPKC Network
  - 12.3.5.2. KONE Elevators India Expands East India Presence with New Office
  - 12.3.5.3. Mitsubishi Electric US, Inc. Expands Elevator and Escalator Call Center

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Aritco Lift AB
- 13.1.2. AVT Beckett
- 13.1.3. Canny Elevator Co., Ltd.
- 13.1.4. Delfar Elevator Co., Ltd.
- 13.1.5. Delta Elevator Co. Ltd.
- 13.1.6. Electra Elevators
- 13.1.7. Fujitec Co., Ltd.
- 13.1.8. Hitachi Ltd.
- 13.1.9. Honeywell International Inc.
- 13.1.10. Hyundai Elevator Co., Ltd.
- 13.1.11. Kleemann Hellas SA
- 13.1.12. Kone Corporation
- 13.1.13. Mitsubishi Electric Corporation
- 13.1.14. Ningbo Hosting Elevator Co., Ltd.
- 13.1.15. Omega Elevators
- 13.1.16. Orona Group
- 13.1.17. Otis Worldwide Corporation
- 13.1.18. Panasonic Corporation
- 13.1.19. Savaria Corporation
- 13.1.20. Schindler Holding Ltd.
- 13.1.21. Siemens AG
- 13.1.22. Sigma Elevator Company
- 13.1.23. Southeast Elevator Inc.
- 13.1.24. Tecno S.r.l.
- 13.1.25. Teknix Elevators Pvt. Ltd.
- 13.1.26. ThyssenKrupp AG
- 13.1.27. Toshiba Corporation
- 13.1.28. WAGO GmbH & Co. KG
- 13.1.29. Wittur Holding GmbH
- 13.1.30. Yaskawa Electric Corporation
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing