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Brazil Elevator and Escalator Market by New Installation to Reach 18.5 Thousand Units by 2029 - Exclusive Research Report by Arizton
Brazil elevator and escalator market research report by Arizton
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Report Summary
Market Size by New Installation (2029): 18.5 Thousand Units
Market Size by New Installation (2023): 13.6 Thousand Units
CAGR by New Installation (2023-2029): 5.23%
Market Size by Installed Base (2029):514.0 Thousand Units
Market Size by Modernization (2023): USD 450 Million
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
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Market Drivers
In Brazil, the residential construction sector dominates the building industry, making up around 80% of the market, with a significant portion dedicated to social housing, which accounts for approximately half of the residential sector. Non-social multifamily and single-family detached homes each represent about 25% of the sector. The Fundo de Garantia do Trabalhador Social (FGTS) provides financing for social housing projects, while the Brazilian Chamber of the Building Industry (CBIC) is the leading industry association. In June 2021, the International Finance Corporation (IFC) partnered with CBIC to improve energy efficiency in existing Brazilian buildings through EDGE (Excellence in Design for Greater Efficiencies) certification. This certification requires projects to achieve a minimum of 20% energy savings compared to conventional buildings. To facilitate this, IFC developed free software to aid in designing energy-efficient buildings with minimal environmental impact and operational costs. Green buildings offer opportunities to increase property sales and contribute to a better return on investment through lower operating costs. As part of a green economic recovery, green buildings address the challenges posed by urbanization on society and the environment. Brazil is seen as a significant market for green buildings, with an estimated market value of $24.7 trillion by 2030. By 2018, Brazil led South America in green building certifications with over 1,400 projects. By May 2022, Brazil had achieved 816 LEED-certified projects, encompassing 175.3 million square feet, positioning the country fifth in the Global Sustainable Ranking according to the United States Green Building Council (USGBC).
Recent Developments in the Brazil Elevator and Escalator Market
* Otis Brazil has completed the modernization of 13 elevators in Sao Paulo's Birmann 21 building, meeting the three-year project timeline as planned. The upgraded elevators, including the fastest Otis SkyRise units in Brazil at 7 m/s, aim to enhance passenger experience with quicker journeys and increased comfort. Of these, 11 elevators feature Otis SkyRise technology, known for its advanced capabilities in high-rise buildings. Additionally, one elevator received aesthetic and control upgrades using the Flex Drive solution, while another was replaced with a machine room-less Gen2 Registered elevator.
* KONE elevator had delivered six new escalators and ten elevators for Mater Dei Hospital, Minas Gerais.
* FIOCRUZ's Center for Research Innovation and Surveillance in COVID-19 and Health Emergencies received its 5 KONE E-MONOSPACE elevators within 95 days of signing the contract until the arrival of equipment.
Regional Analysis: Brazil Demographic Distribution
In Brazil, the residential construction sector dominates the building industry, comprising about 80% of the market. The remaining 20% is primarily made up of office buildings and warehouses. Social housing, mainly consisting of multifamily units, represents approximately 50% of the residential sector, while non-social multifamily and single-family detached homes each account for about 25%. Social housing financing is provided through the Fundo de Garantia do Trabalhador Social (FGTS), with the Brazilian Chamber of the Building Industry (CBIC) serving as the leading industry association. In June 2021, the International Finance Corporation (IFC) partnered with CBIC to improve the energy efficiency of existing buildings across Brazil by implementing EDGE (Excellence in Design for Greater Efficiencies) certification. EDGE certification requires a building to achieve at least a 20% reduction in energy use compared to conventional buildings. To support this, IFC developed free software to help design energy-efficient buildings with minimal environmental impact and operational costs.
Vendor Landscape
The top three manufacturers in the Brazilian elevator and escalator market are Otis, Schindler, and TKE. In September 2019, Atlas Schindler significantly expanded its factory, adding 7,200 square meters to its manufacturing facility, making it the country's largest elevator and escalator firm. Atlas Schindler also exports 25% of its production to Chile, Colombia, and Mexico.
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Key Vendors
* Schindler
* Otis
* KONE
* TK Elevator
* Hitachi
* Hyundai Elevator
* Fujitec
* Wittur
* GMV
* Vega Lifts
* Schmersal Elevators
* Draka Elevator
* Giovenzana
* Villarta Elevators
Elevator Market Segmentation by
* Machine Type
* Hydraulic and Pneumatic
* Machine Room Traction
* Machine Room Less Traction
* Others
* Climbing
* Elevators
* Industrial Elevators
* Carriage Type
* Passenger
* Freight
* Capacity
* 2-15 Persons
* 16-24 Persons
* 25-33 Persons
* 34 Persons and Above
* End-User
* Commercial
* Residential
* Industrial
* Others
* Public Transit
* Institutional
* Infrastructural
Escalator Market Segmentation by
* Product Type
* Parallel
* Multi Parallel
* Walkway
* Crisscross
* End-User
* Public Transit
* Commercial
* Others
* Institutional Sector
* Infrastructure
* Industrial
Key Questions Answered in the Report:
What will be the growth rate of the Brazil elevator and escalator market?
How big is the Brazil elevator and escalator market?
What is the number of installed bases in the Brazil elevator and escalator market in 2023?
What are the key opportunities in the Brazil elevator and escalator market?
What are the key Brazil elevator and escalator market players?
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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