Press release
Elevator and Escalator Market Size to Reach Revenues of over $107 Billion by 2024 – Arizton
The global elevator and escalator market is expected to reach over $107 billion by 2024, growing at a CAGR of around 6% during 2018–2024. The market research report offers market share in million units.The global elevator and escalator market is evolving due to the changing dynamics of the global construction industry. Advancements in vertical transportation have transformed the construction sector, enabling the growth of high-rise buildings. This has fueled the need to install escalators and elevators in premises. Currently, the global market is moving toward smart solutions. The increasing penetration of IoT in government, commercial, residential, and industrial sectors has a positive impact on the emerging ecosystem of next-generation escalators and elevators, thereby increasing revenues opportunities for vendors.
The global market is driven by the growing demand for technically sound escalator and elevator by commercial end-users. Otis Elevators, Schindler, and KONE are major competitors in the global market. The market research report provides in-depth market and segmental analysis of the global market by product type, end-user, and geography.
The report considers the present scenario of the global market and its market dynamics for the period 2018−2024. The study covers a detailed overview of various market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. The study profiles and analyzes leading companies and several other prominent companies operating in the global market.
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Elevator and Escalator Market – Vendor Profiles
Major Vendors:
• Otis Elevators
• Schindler
• KONE
• Thyssenkrupp
Other Prominent Vendors:
• Mitsubishi Electric
o Business Overview
• Hitachi
• Fujitec
• Toshiba
• Hyundai Elevator
• SJEC
• Electra Lift
• Savaria
• Lift-ok.com
• Johnson
• Orbis Elevator
• Kleemann
• GTS Elevator
• ORONA
• Omega Elevators
• Fuji Elevators
• GEEC (Gulf Elevators & Escalators Company)
• Sodimas
• T. Elevator
Elevator and Escalator Market – Segmentation
Market Segmentation by Product
• Elevators and escalators
• Modernization
• Maintenance
Market Segmentation by End-user
• Commercial
• Industrial
• Residential
• Government
Market Segmentation by Geography
• APAC
o Japan
o China
o India
• Europe
o Spain
o Italy
o Germany
o Nordic
• North America
o US
o Canada
• Latin America
o Mexico
o Brazil
• MEA
o South Africa
o Saudi Arabia
o UAE
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Elevator and Escalator Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products & Services
4.4.2 Market Segmentation by End-users
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growth of Vertical Cities
8.1.2 Aging Population
8.1.3 Growth of Smart Buildings
8.1.4 Increasing Air Travel
8.2 Market Growth Restraints
8.2.1 High Maintenance Costs
8.2.2 High Installation Costs
8.3 Market Opportunities & Trends
8.3.1 Rise of Smart Elevators
8.3.2 Industry 4.0 to Boost Smart Elevators and Escalators
8.3.3 Increasing Use of AI in Elevators and Escalators
9 Global Elevator & Escalator Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 By Product & Service
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
11 Market By Product
11.1 New Installation
11.1.1 Market Size & Forecast
11.2 Global Elevator Market
11.2.1 Market Size & Forecast
11.3 Global Escalator Market
11.3.1 Market Size & Forecast
11.4 Global Moving Walkways Market
11.4.1 Market Size & Forecast
12 Market By Service
12.1 Maintenance
12.1.1 Market Size & Forecast
12.2 Modernization
12.2.1 Market Size & Forecast
13 By End-User
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Commercial
13.3.1 Market Size & Forecast
13.4 Residential
13.4.1 Market Size & Forecast
13.5 Government
13.5.1 Market Size & Forecast
13.6 Industrial
13.6.1 Market Size & Forecast
14 By Geography
14.1 Market snapshot & Growth Engine
14.2 Overview
15 APAC
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Segmentation By Product & Service
15.3.1 Market Size & Forecast
15.4 Segmentation By End-user
15.4.1 Market Size & Forecast
15.5 Key Countries
15.5.1 China: Market Size & Forecast
15.5.2 India: Market Size & Forecast
15.5.3 Japan: Market Size & Forecast
16 Europe
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Segmentation By Product & Service
16.3.1 Market Size & Forecast
16.4 Segmentation By End-user
16.4.1 Market Size & Forecast
16.5 Key Countries
16.5.1 Germany: Market Size & Forecast
16.5.2 Italy: Market Size & Forecast
16.5.3 Spain: Market Size & Forecast
17 Middle-East and Africa
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Segmentation By Product & Service
17.3.1 Market Size & Forecast
17.4 Segmentation By End-user
17.4.1 Market Size & Forecast
17.5 Key Countries
17.5.1 Saudi Arabia: Market Size & Forecast
17.5.2 UAE: Market Size & Forecast
17.5.3 South Africa: Market Size & Forecast
18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Segmentation By Product & Service
18.3.1 Market Size & Forecast
18.4 Segmentation By End-user
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 US: Market Size & Forecast
18.5.2 Canada: Market Size & Forecast
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Segmentation By Product & Service
19.3.1 Market Size & Forecast
19.4 Segmentation By End-user
19.4.1 Market Size & Forecast
19.5 Key Countries
19.5.1 Brazil: Market Size & Forecast
19.5.2 Mexico: Market Size & Forecast
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About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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