Global Elevators Market Research Report Information by Technology, By Service, and By Application, By Type Market Forecast Till 2032

Description

List of Tables

Global Elevators Market Research Report Information by Technology (Traction elevator, Machine room less traction elevator, and Hydraulic), By Service (New Installation, Maintenance & repair, and Modernization), and By Application (Commercial, Institutional, and Residential), By Type (Passenger Elevators, Goods Elevators, Capsule Elevators, Automobile Elevators, and Others) Market Forecast Till 2032

Market Overview

The elevators market, valued at USD 82,659.2 million in 2022, is expected to grow significantly over the course of the forecast period, with a potential compound annual growth rate (CAGR) of more than 7.80%. Due to a spike in demand, especially in North America and Asia-Pacific (APAC), this market is demonstrating its resilience as it bounces back from the pandemic's setbacks.

Urbanization, population density, and growing infrastructure development have all contributed to the notable expansion and innovation of the worldwide elevator business. The need for effective and cutting-edge vertical transportation solutions has increased as cities grow vertically. The market for elevators, which offer solutions for both commercial and residential spaces, is crucial in determining the design of contemporary structures.

The elevator industry has seen a change in recent years due to technical breakthroughs that have introduced sustainable and intelligent features. By combining energy-efficient parts, destination control systems, and Internet of Things (IoT) technologies, elevator performance has increased, improving user experience and lessening environmental effect. Manufacturers of elevators are concentrating on creating cutting-edge systems that put comfort, safety, and energy efficiency first.

Segmenting the Market

Based on technology, the worldwide elevator market is divided into three segments: hydraulic, machine room-less traction, and traction elevator.

Based on service, the global market is divided into three segments: modernization, maintenance & repair, and new installation.

The market is divided into three segments: residential, institutional, and commercial, depending on the application.

Based on type, the worldwide elevator market is divided into the following segments: automobile elevators, capsule elevators, goods elevators, passenger elevators, and others.

Analysis by Region

The North American market is anticipated to grow at a 7.69% CAGR. In the worldwide elevator market, urbanization, infrastructure development, and technical improvements have all contributed to the North American elevator market's consistent expansion. The need for effective vertical transportation solutions has increased due to the region's urban areas' fast population development. Furthermore, building developers and owners have been forced to make investments in contemporary elevator systems with cutting-edge technologies due to strict accessibility and safety requirements rules.

Due to several factors, including population density, urbanization, and an increasing emphasis on sustainable infrastructure, the elevator market in Europe has experienced tremendous expansion and evolution in recent years. There is a growing need for creative and energy-efficient elevator solutions as cities throughout the region continue to grow vertically. To improve efficiency and user experience, European nations are making significant investments in the creation of intelligent and networked elevators that include cutting-edge technology like machine learning and the Internet of Things.

Due to the fast urbanization of nations like China and India, the Asia-Pacific area has become a major participant in the elevator industry. The need for elevators has increased in these areas due to the growing number of high-rise structures and massive infrastructural projects. Furthermore, the market has grown because of strict government rules encouraging energy-efficient solutions.

Key Players

Multinational firms such as Otis Elevator Company, Schindler Group, KONE Corporation, Omega Elevators, Armor, Sigma, Hyundai, Fujitec, Dover, Thyssenkrupp AG, and Mitsubishi Electric Corporation are among the leading companies in the elevators business.

Product Code: MRFR/CO/1017-HCR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL ELEVATORS MARKET, BY TYPE
- 1.1.2 GLOBAL ELEVATORS MARKET, BY APPLICATION
- 1.1.3 GLOBAL ELEVATORS MARKET, BY TECHNOLOGY
- 1.1.4 GLOBAL ELEVATORS MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 DATA MINING
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
- 3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
- 3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS
3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
- 3.4.1 BOTTOM-UP APPROACH
- 3.4.2 TOP-DOWN APPROACH
3.5 DATA VALIDATION
3.6 ASSUMPTIONS & LIMITATIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING CONSTRUCTION INDUSTRY
- 4.2.2 RAPID INDUSTRIALIZATION
- 4.2.3 SAFETY AND ACCESSIBILITY REQUIREMENTS
4.3 RESTRAINT
- 4.3.1 HIGH INITIAL COSTS
4.4 OPPORTUNITIES
- 4.4.1 SMART ELEVATOR SOLUTIONS
- 4.4.2 ENERGY-EFFICIENT ELEVATORS
4.5 CHALLENGES
- 4.5.1 INTENSE COMPETITION

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL
- 5.1.2 MANUFACTURER
- 5.1.3 DISTRIBUTION
- 5.1.4 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 COVID-19 IMPACT ANALYSIS
- 5.3.1 IMPACT ON THE OVERALL CONSTRUCTION INDUSTRY
- 5.3.2 ECONOMIC IMPACT
- 5.3.3 IMPACT ON ELEVATORS MARKET
- 5.3.4 IMPACT ON SUPPLY CHAIN
- 5.3.5 PRICE VARIATION OF KEY RAW TYPES
- 5.3.6 PRODUCTION SHUTDOWN
- 5.3.7 CASH FLOW CONSTRAINTS
- 5.3.8 IMPACT ON IMPORT/EXPORT
- 5.3.9 IMPACT ON MARKET DEMAND
- 5.3.10 IMPACT DUE TO RESTRICTION/LOCKDOWN
- 5.3.11 CONSUMER SENTIMENTS
- 5.3.12 IMPACT ON PRICING
- 5.3.13 PRICING ANALYSIS

6 GLOBAL ELEVATORS MARKET, BY TYPE

6.1 INTRODUCTION
6.2 PASSENGER ELEVATORS
6.3 GOODS ELEVATORS
6.4 CAPSULE ELEVATORS
6.5 AUTOMOBILE ELEVATORS
6.6 OTHERS

7 GLOBAL ELEVATORS MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 COMMERCIAL
7.3 INSTITUTIONAL
7.4 RESIDENTIAL

8 GLOBAL ELEVATORS MARKET, BY SERVICE

8.1 INTRODUCTION
8.2 NEW INSTALLATION
8.3 MAINTENANCE & REPAIR
8.4 MODERNIZATION

9 GLOBAL ELEVATORS MARKET, BY TECHNOLOGY

9.1 INTRODUCTION
9.2 TRACTION ELEVATOR
9.3 MACHINE ROOM LESS TRACTION ELEVATOR
9.4 HYDRAULIC

10 GLOBAL ELEVATORS MARKET, BY REGION

10.1 INTRODUCTION
10.2 NORTH AMERICA
- 10.2.1 MARKET DYNAMIC
  - 10.2.1.1 DRIVER
  - 10.2.1.2 RESTRAINT
  - 10.2.1.3 OPPORTUNITY
- 10.2.2 US
- 10.2.3 CANADA
- 10.2.4 MEXICO
10.3 EUROPE
- 10.3.1 MARKET DYNAMIC
  - 10.3.1.1 DRIVER
  - 10.3.1.2 RESTRAINT
  - 10.3.1.3 OPPORTUNITY
- 10.3.2 GERMANY
- 10.3.3 FRANCE
- 10.3.4 UK
- 10.3.5 SPAIN
- 10.3.6 ITALY
- 10.3.7 AUSTRIA
- 10.3.8 ROMANIA
- 10.3.9 SWITZERLAND
- 10.3.10 NETHERLAND
  - 10.3.10.1 POLAND
  - 10.3.10.2 IRELAND
- 10.3.11 FINLAND
- 10.3.12 DENMARK
- 10.3.13 SWEDEN
- 10.3.14 NORWAY
- 10.3.15 HUNGARY
- 10.3.16 BELGIUM
- 10.3.17 REST OF EUROPE
10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
- 10.5.1 BRAZIL
- 10.5.2 ARGENTINA
- 10.5.3 REST OF SOUTH AMERICA
10.6 MEA
- 10.6.1 SAUDI ARABIA
- 10.6.2 UAE
- 10.6.3 SOUTH AFRICA
- 10.6.4 REST OF MEA

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW
11.2 COMPETITIVE BENCHMARKING
11.3 DEVELOPMENT SHARE ANALYSIS
11.4 LIST OF PARTS AND COMPONENT SUPPLIERS
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 11.5.2 PARTNERSHIP, AGREEMENT AND COLLABORATION
- 11.5.3 ACQUISATION
- 11.5.4 EXPANSION

12 COMPANY PROFILES

12.1 SCHINDLER GROUP
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
12.2 KONE CORPORATION
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
12.3 MITSUBISHI ELECTRIC CORPORATION
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
12.4 OTIS ELEVATOR COMPANY
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
12.5 TK ELEVATOR
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 PRODUCTS OFFERED
- 12.5.3 KEY DEVELOPMENTS
- 12.5.4 SWOT ANALYSIS
- 12.5.5 KEY STRATEGY
12.6 HITACHI, LTD
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
12.7 ARITCO LIFT AB
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 PRODUCTS OFFERED
- 12.7.3 SWOT ANALYSIS
- 12.7.4 KEY STRATEGY
12.8 SIGMA ELEVATOR COMPANY
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 PRODUCTS OFFERED
- 12.8.3 KEY DEVELOPMENTS
- 12.8.4 SWOT ANALYSIS
- 12.8.5 KEY STRATEGY
12.9 SCHUMACHER ELEVATOR COMPANY
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 PRODUCTS OFFERED
- 12.9.3 SWOT ANALYSIS
- 12.9.4 KEY STRATEGY
12.10 CANNY ELEVATOR CO, LTD.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 PRODUCTS OFFERED
- 12.10.3 KEY DEVELOPMENTS
- 12.10.4 SWOT ANALYSIS ...................................................