Elevator and Escalator Market - Global Industry Size, Opportunities, Trends, Competition, And Forecast, 2023-2032 | Top Key Players Are Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Elevator and Escalator Market report by The Business Research Company, the increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward. Infrastructure refers to the construction of real assets such as bridges, roads, and buildings. With the increasing heights of buildings, the requirement for elevators and escalators has also increased, in order to save time and provide effectiveness for people.

The global elevator and escalator market size grew from $101.78 billion in 2022 to $111.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The elevator and escalator market size is expected to grow to $146.67 billion in 2027 at a CAGR of 7.2%.

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Major competitors in the Elevator and Escalator Market include Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation., Yuanda China Hldgs, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan Elevator, Guangri Elevator, Canny Elevator, Volkslift, and Syney Elevator.

The Elevator and Escalator Market is segmented -
By Product: Elevators, Escalators, Moving Walkway
By Business: New Equipment, Maintenance, Modernization
By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the Elevator and Escalator Market.

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Elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity of it. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building.

The Table Of Content For The Elevator and Escalator Market Include:
1. Executive Summary
2. Elevator and Escalator Market Characteristics
3. Elevator and Escalator Market Trends And Strategies
4. Elevator and Escalator Market - Macro Economic Scenario
5. Elevator and Escalator Market Size And Growth
……
27. Elevator and Escalator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Elevator and Escalator Market
29. Elevator and Escalator Market Future Outlook and Potential Analysis
30. Appendix

The "Global Elevator and Escalator Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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