Press release
Global Elevator & Escalator Market Covid-19 Impact, Key Players, Demands, Trends, Share, Size and Forecasts 2021-2025
The global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025. The factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market. However, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms. A few notable trends may include accelerating development of smart cities, upsurge in tourism activities, surging penetration of novel technologies, escalating demand for energy efficient elevators and verticalization of cities.Get Free Sample Copy of this Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=4415324
The global E&E market is categorized on the basis of service and technology. According to the type of service, the market can be split into maintenance, new installation/equipment and modernization. Whereas, the global E&E market can be bifurcated into machine room-less, hydraulic and traction, in terms of technology.
The fastest growing regional market was Asia Pacific which is expected to dominate the market in future accruing to expansion in the construction of buildings across the residential and non-residential sectors, increasing shift towards eco-efficiency, flexible design, and safety, rising public expenditure on infrastructural development in developing countries such as Indonesia, India, China, and Philippines, surging disposable income and growing urbanization. Further, disruption in the supply chain of raw materials and halted construction activities, caused by the COVID-19 pandemic, resulted in the downfall in demand for elevators and escalators, which eventually had a negative impact on its market growth globally.
Scope of the report:
- The report provides a comprehensive analysis of the global E&E market with potential impact of COVID-19.
- The major regional markets Asia Pacific, EMEA and Americas with focus on countries like China, Japan & Korea, Spain and the U.S. have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Hitachi, Ltd., Mitsubishi Electric Corporation, ThyssenKrupp AG, Otis Worldwide Corporation, The Schindler Group and Kone Oyj) are also presented in detail.
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Key Target Audience:
- Elevator & Escalator Manufacturers
- Raw Material/Component Providers
- End Users (Businesses/Consumers)
- Investment Banks
- Government Bodies & Regulating Authorities
Table of Contents
1. Market Overview
1.1 Elevators & Escalators
1.2 Life Cycle of Elevators & Escalators
1.3 Supply Chain
1.4 Value Chain
2. Impact of COVID-19
2.1 Reduction in Global Real Estate Investment
2.2 Decline in Industrial Production
2.3 Drop in Construction Activities
2.4 Disruption of Supply Chain
2.5 Fluctuating Rate of Trade Volume
3. Global Elevator & Escalator Market
3.1 Global E&E Market by Value
3.2 Global E&E Market Forecast by Value
3.3 Global E&E Market by Service
3.4 Global E&E Maintenance Market
3.4.1 Global E&E Maintenance Market Forecast by Value
3.4.2 Global E&E Maintenance Installed Base Volume
3.4.3 Global E&E Maintenance Installed Base Volume Forecast
3.4.4 Global E&E Maintenance Market Volume by Region
3.5 Global E&E New Equipment Market
3.5.1 Global E&E New Equipment Market Forecast by Value
3.5.2 Global E&E New Equipment Market Value by Region
3.5.3 Global E&E New Equipment Market by Volume
3.5.4 Global E&E New Equipment Market Forecast by Volume
3.5.5 Global E&E New Equipment Market Demand by Application
3.6 Global E&E Modernization Market
3.6.1 Global E&E Modernization Market Forecast by Value
3.6.2 Global E&E Modernization Market Value by Region
3.7 Global E&E Market by Technology
3.7.1 Global E&E Machine Room-less Technology Market Forecast by Value
3.7.2 Global E&E Hydraulic Technology Market Forecast by Value
3.7.3 Global E&E Traction Technology Market Forecast by Value
3.8 Global E&E Market Value by Region
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4. Regional Market Analysis
4.1 Asia-Pacific
4.1.1 Asia-Pacific E&E Market Forecast by Value
4.1.2 China E&E Market Forecast by Value
4.1.3 China E&E Installed Base Volume
4.1.4 China E&E Installed Base Volume Forecast
4.1.5 China E&E New Installations Forecast
4.1.6 China E&E New Installations Demand by End Market
4.1.7 China E&E Market by Application
4.1.8 China E&E Export Volume
4.1.9 China E&E Export Volume Forecast
4.1.10 China E&E Maintenance Services by Type
4.1.11 Japan & Korea E&E Installed Base Volume
4.1.12 Japan & Korea E&E Installed Base Volume Forecast
4.1.13 India E&E Installed Base Volume Forecast
4.2 EMEA
4.2.1 EMEA E&E Market Forecast by Value
4.2.2 EMEA E&E Installed Base Volume
4.2.3 EMEA E&E Installed Base Volume Forecast
4.2.4 EMEA E&E New Installation Volume Forecast
4.2.5 Spain E&E Market by Value
4.2.6 Spain E&E Market Forecast by Value
4.2.7 Spain E&E Market by Service
4.2.8 Spain E&E Maintenance Market by Value
4.2.9 Spain E&E Maintenance Market Forecast by Value
4.2.10 Spain E&E New Installation Market by Value
4.2.11 Spain E&E New Installation Market Forecast by Value
4.3 Americas
4.3.1 Americas E&E Market Forecast by Value
4.3.2 North America E&E Installed Base Volume
4.3.3 North America E&E Installed Base Volume Forecast
4.3.4 North America E&E New Installation Volume Forecast
4.3.5 The U.S. E&E New Installation Volume
4.3.6 The U.S. E&E New Installation Volume Forecast
4.3.7 The U.S. Elevator New Installation Market by Type
4.3.8 South America E&E Installed Base Volume
4.3.9 South America E&E Installed Base Volume Forecast
4.3.10 South America E&E New Installation Volume Forecast
5. Smart Elevator Market
5.1 Global Smart Elevator Market by Value
5.2 Global Smart Elevator Market Forecast by Value
5.3 Global Smart Elevator Market by End Users
5.4 Global Smart Elevator Market by Service
5.5 Asia-Pacific
5.5.1 Asia-Pacific Smart Elevator Market by Value
5.5.2 Asia-Pacific Smart Elevator Market Forecast by Value
5.5.3 Asia-Pacific Smart Elevator Market by Service
5.5.4 Asia-Pacific Smart Elevator Modernization Market Forecast by Value
5.5.5 Asia-Pacific Smart Elevator New Installation Market Forecast by Value
5.5.6 Asia-Pacific Smart Elevator Maintenance Market Forecast by Value
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Expanding Urbanization
6.1.2 Upswing in Digitalization
6.1.3 Increasing Geriatric Population
6.1.4 Growing Construction Activities
6.1.5 Ageing E&E Installed Base
6.2 Key Trends and Developments
6.2.1 Accelerating Development of Smart Cities
6.2.2 Upsurge in Tourism Activities
6.2.3 Surging Penetration of Novel Technologies
6.2.4 Escalating Demand for Energy Efficient Elevators
6.2.5 Verticalization of Cities
6.3 Challenges
6.3.1 High Price of Installation & Set Up
6.3.2 Dearth of Skilled Workforce
6.3.3 Stringent Safety Norms
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison of Key Players
7.1.2 Market Capitalization Comparison of Key Players
7.1.3 R&D Comparison of Key Players
7.1.4 Global E&E Market Share by Company
7.1.5 Global E&E New Equipment Market Share by Company
7.1.6 Global E&E Maintenance Market Share by Company
7.2 Asia-Pacific
7.2.1 Asia-Pacific E&E Market Share by Company
7.2.2 China E&E Market Share by Company
7.2.3 India E&E New Equipment Market Share by Company
7.3 EMEA
7.3.1 EMEA E&E Market Share by Company
7.3.2 Spain E&E Maintenance Market Share by Company
7.4 Americas
7.4.1 Americas E&E Market Share by Company
8. Company Profiles
8.1 Otis Worldwide Corporation
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Kone Oyj
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 ThyssenKrupp AG
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategies
8.4 The Schindler Group
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategies
8.5 Mitsubishi Electric Corporation
8.5.1 Business Overview
8.5.2 Financial Overview
8.5.3 Business Strategies
8.6 Hitachi, Ltd.
8.6.1 Business Overview
8.6.2 Financial Overview
8.6.3 Business Strategies
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