Press release
Elevator and Escalators Market Is Likely to Experience a Tremendous Growth by 2029
The global elevator and escalator market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. Integration of smart technology in elevators and escalators enhances efficiency and security. Features such as touchless controls, destination control systems, biometric access, and real-time monitoring are increasingly attracting key players to manufacture such technical advanced elevators and escalators. For instance, in January 2021, Schindler Elevator Corp. launched the ElevateMe Mobile App touchless elevator operation. Schindler's ElevateMe App is an innovative mobile app that allows passengers to call an elevator and select the destination floor via smartphone, without having to touch any buttons outside or inside the elevator car.Apart from this, elevators and escalators are becoming faster, more efficient, and safer owing to several technologies such as Internet-of-Things (IoT), and others. IoT-enabled smart elevators and escalators have advanced sensors that capture critical, real-time condition monitoring information for informed decisions. Besides, IoT sensors give better data visibility about elevator/escalator health, live equipment status, traffic performance, and availability. Thus, the IoT-powered elevator and escalator market is projecting an immense potential to grow over the forecast period. As a result, the elevator and escalator manufacturers are also focusing on developing IoT integrated digital elevator platforms to cater the market growth. For instance, in June 2021, Otis Worldwide Corp. launched the new generation of digitally native elevators created to give people freedom to connect and thrive in a taller, faster, smarter world. Otis revealed the Otis Gen3™ and Gen360™ digital elevator platforms during Welcome to Tomorrow, a global virtual event with customers, colleagues, and other industry stakeholders from more than 100 countries. Gen3™ elevator added built-in IoT benefits to flat-belt technology of Otis' best-selling Gen2 system. Gen360™ elevator debuted new electronic architecture with reimagined design, safety, service, experience and support.
To Request a Sample of our Report on Elevator and Escalators Market: https://www.omrglobal.com/request-sample/elevator-and-escalator-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Technology
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Hitachi, Ltd., Hyundai Elevator Co., Ltd., KONE Corp., Schindler Group, Otis Worldwide Corp., among others.
Elevator and Escalators Market Report Segment
By Technology
Hydraulic
Traction
Machine Room-Less
By Type
Elevator
Escalator
Moving Walkways
By Application
Residential
Corporate Office
Hypermarkets
Malls
Others (Industrial)
A full Report of Elevator and Escalators Market is Available @ https://www.omrglobal.com/industry-reports/elevator-and-escalator-market
Elevator and Escalators Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
3Phase Elevator
Advance Lifts Inc.
Bonsdag Industries Pvt. Ltd.
Bucher Industries AG
Canny Elevator Co., Ltd.
CIRCOR International Inc.
Custom Elevator Manufacturing Inc.
Delta Elevator Co. Ltd.
Fujitec Co., Ltd.
GMV Polska Sp. z o.o.
Kleeman Hellas S.A.
Mitsubishi Electric Corp.
Orona S. Coop.
TK Elevator GmbH
Toshiba Elevator and Building Systems Corp.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/elevator-and-escalator-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Elevator and Escalators Market Is Likely to Experience a Tremendous Growth by 2029 here
News-ID: 3235035 • Views: …
More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become…

Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033.
Railway Management System Market Overview
The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,…

Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033.
Monocalcium Phosphate Market Overview
Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The…

Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033.
Automotive Lubricants Market Overview
The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by…
More Releases for Elevator
Elevator Services Market shows Unbelievable Growth | Allied Elevator, Bison Elev …
Elevator Services market trends research report 2024 to 2031. The report is designed to provide an overview of the industry with market growth analysis with historical and futuristic perspective for the following parameters: revenue, demand, and supply data (if applicable). High Level Research Report on Elevator Services market attributes using proprietary tools such as Penetration Mapping Index and other effective mapping tools such as Porter's Five Forces Analysis, SWOT, PESTEL,…
Van Elevator Market | CNYD, Canny Elevator, Dongnan Elevator, Edunburgh Elevator
The global van elevator market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the van elevator market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Elevator Modernization Market 2019: Top Key Players Are KONE Elevator, Schindler …
Elevator Modernization Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13869380
Global Elevator Modernization market 2019 research provides a basic overview of the industry including definitions, classifications,…
2019 Elevator Modernization Market | By Leading Players: KONE Elevator, Schindle …
Elevator Modernization Market report provides Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025. This market study answers several questions (like current market status, future market opportunities, global and regional distribution industry) for stakeholders, primarily which market segments they should focus upon, during the next few years to prioritize their efforts and investments.
Download PDF Sample of this Report @
https://www.reporthive.com/enquiry.php?id=1520666&req_type=smpl&utm_source=SN
The major manufacturers covered in this report:
• KONE Elevator
• Schindler Group
• Otis Elevator…
Elevator & Escalators Market to Witness Huge Growth by 2025 | Leading Key Player …
HTF MI recently introduced Global Elevator & Escalators Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Sanyo Elevator, DAIKO, Escone Elevators, Saita Kougyou, Hitachi, Fujitec,Otis Elevator,…
Global Elevator and Escalator Sales Market Report 2017 - Hitachi, Otis Elevator, …
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Elevator and Escalator for these regions, from 2012 to 2022 (forecast), covering
United States
China
Europe
Japan
Southeast Asia
India
Global Elevator and Escalator market competition by top manufacturers/players, with Elevator and Escalator sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
Hitachi
KONE
Mitsubishi Electric
Otis Elevator
Schindler Elevator
ThyssenKrupp Elevator
Beacon Engineering
Canny…