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Elevators & Escalators-Global Market Insights and Sales Trends 2025
Synopsis
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
The global Elevators & Escalators market size is expected to reach US$ 44910 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Elevators & Escalators in various end use industries. The expanding demands from the Residential Sector, Institutional Sector, Commercial Sector and Infrastructural Sector, are propelling Elevators & Escalators market. Elevators, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Escalators segment is estimated at % CAGR for the next seven-year period.
Global Elevator and Escalator key players include Otis, Schindler, ThyssenKrupp, Kone, Mitsubishi Electric, etc. Global top five manufacturers hold a share over 50%.
China is the largest market, with a share about 70%, followed by Europe, and North America, both have a share over 20 percent.
In terms of product, Elevator is the largest segment, with a share over 80%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub, Industrial Area, etc.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Elevators & Escalators, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Elevators & Escalators market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Elevators & Escalators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevators & Escalators sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Elevators & Escalators covered in this report include Kone, Thyssenkrupp, United Technologies, Schindler, Hitachi, Hyundai Elevator, Toshiba, Mitsubishi Electric and Fujitec, etc.
The global Elevators & Escalators market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kone
Thyssenkrupp
United Technologies
Schindler
Hitachi
Hyundai Elevator
Toshiba
Mitsubishi Electric
Fujitec
Electra
Global Elevators & Escalators market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Elevators & Escalators market, Segment by Type:
Elevators
Escalators
Moving Walkways
Global Elevators & Escalators market, by Application
Residential Sector
Institutional Sector
Commercial Sector
Infrastructural Sector
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Elevators & Escalators companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
The global Elevators & Escalators market size is expected to reach US$ 44910 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Elevators & Escalators in various end use industries. The expanding demands from the Residential Sector, Institutional Sector, Commercial Sector and Infrastructural Sector, are propelling Elevators & Escalators market. Elevators, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Escalators segment is estimated at % CAGR for the next seven-year period.
Global Elevator and Escalator key players include Otis, Schindler, ThyssenKrupp, Kone, Mitsubishi Electric, etc. Global top five manufacturers hold a share over 50%.
China is the largest market, with a share about 70%, followed by Europe, and North America, both have a share over 20 percent.
In terms of product, Elevator is the largest segment, with a share over 80%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub, Industrial Area, etc.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Elevators & Escalators, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Elevators & Escalators market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Elevators & Escalators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevators & Escalators sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Elevators & Escalators covered in this report include Kone, Thyssenkrupp, United Technologies, Schindler, Hitachi, Hyundai Elevator, Toshiba, Mitsubishi Electric and Fujitec, etc.
The global Elevators & Escalators market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kone
Thyssenkrupp
United Technologies
Schindler
Hitachi
Hyundai Elevator
Toshiba
Mitsubishi Electric
Fujitec
Electra
Global Elevators & Escalators market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Elevators & Escalators market, Segment by Type:
Elevators
Escalators
Moving Walkways
Global Elevators & Escalators market, by Application
Residential Sector
Institutional Sector
Commercial Sector
Infrastructural Sector
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Elevators & Escalators companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Elevators & Escalators
1.1 Elevators & Escalators Market Overview
1.1.1 Elevators & Escalators Product Scope
1.1.2 Elevators & Escalators Market Status and Outlook
1.2 Global Elevators & Escalators Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Elevators & Escalators Market Size by Region (2018-2029)
1.4 Global Elevators & Escalators Historic Market Size by Region (2018-2023)
1.5 Global Elevators & Escalators Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Elevators & Escalators Market Size (2018-2029)
1.6.1 North America Elevators & Escalators Market Size (2018-2029)
1.6.2 Europe Elevators & Escalators Market Size (2018-2029)
1.6.3 Asia-Pacific Elevators & Escalators Market Size (2018-2029)
1.6.4 Latin America Elevators & Escalators Market Size (2018-2029)
1.6.5 Middle East & Africa Elevators & Escalators Market Size (2018-2029)
2 Elevators & Escalators Market by Type
2.1 Introduction
2.1.1 Elevators
2.1.2 Escalators
2.1.3 Moving Walkways
2.2 Global Elevators & Escalators Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Elevators & Escalators Historic Market Size by Type (2018-2023)
2.2.2 Global Elevators & Escalators Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Elevators & Escalators Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Elevators & Escalators Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Elevators & Escalators Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Elevators & Escalators Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Elevators & Escalators Revenue Breakdown by Type (2018-2029)
3 Elevators & Escalators Market Overview by Application
3.1 Introduction
3.1.1 Residential Sector
3.1.2 Institutional Sector
3.1.3 Commercial Sector
3.1.4 Infrastructural Sector
3.2 Global Elevators & Escalators Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Elevators & Escalators Historic Market Size by Application (2018-2023)
3.2.2 Global Elevators & Escalators Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Elevators & Escalators Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Elevators & Escalators Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Elevators & Escalators Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Elevators & Escalators Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Elevators & Escalators Revenue Breakdown by Application (2018-2029)
4 Elevators & Escalators Competition Analysis by Players
4.1 Global Elevators & Escalators Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Elevators & Escalators as of 2022)
4.3 Date of Key Players Enter into Elevators & Escalators Market
4.4 Global Top Players Elevators & Escalators Headquarters and Area Served
4.5 Key Players Elevators & Escalators Product Solution and Service
4.6 Competitive Status
4.6.1 Elevators & Escalators Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Kone
5.1.1 Kone Profile
5.1.2 Kone Main Business
5.1.3 Kone Elevators & Escalators Products, Services and Solutions
5.1.4 Kone Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.1.5 Kone Recent Developments
5.2 Thyssenkrupp
5.2.1 Thyssenkrupp Profile
5.2.2 Thyssenkrupp Main Business
5.2.3 Thyssenkrupp Elevators & Escalators Products, Services and Solutions
5.2.4 Thyssenkrupp Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.2.5 Thyssenkrupp Recent Developments
5.3 United Technologies
5.3.1 United Technologies Profile
5.3.2 United Technologies Main Business
5.3.3 United Technologies Elevators & Escalators Products, Services and Solutions
5.3.4 United Technologies Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.3.5 Schindler Recent Developments
5.4 Schindler
5.4.1 Schindler Profile
5.4.2 Schindler Main Business
5.4.3 Schindler Elevators & Escalators Products, Services and Solutions
5.4.4 Schindler Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.4.5 Schindler Recent Developments
5.5 Hitachi
5.5.1 Hitachi Profile
5.5.2 Hitachi Main Business
5.5.3 Hitachi Elevators & Escalators Products, Services and Solutions
5.5.4 Hitachi Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.5.5 Hitachi Recent Developments
5.6 Hyundai Elevator
5.6.1 Hyundai Elevator Profile
5.6.2 Hyundai Elevator Main Business
5.6.3 Hyundai Elevator Elevators & Escalators Products, Services and Solutions
5.6.4 Hyundai Elevator Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.6.5 Hyundai Elevator Recent Developments
5.7 Toshiba
5.7.1 Toshiba Profile
5.7.2 Toshiba Main Business
5.7.3 Toshiba Elevators & Escalators Products, Services and Solutions
5.7.4 Toshiba Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.7.5 Toshiba Recent Developments
5.8 Mitsubishi Electric
5.8.1 Mitsubishi Electric Profile
5.8.2 Mitsubishi Electric Main Business
5.8.3 Mitsubishi Electric Elevators & Escalators Products, Services and Solutions
5.8.4 Mitsubishi Electric Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.8.5 Mitsubishi Electric Recent Developments
5.9 Fujitec
5.9.1 Fujitec Profile
5.9.2 Fujitec Main Business
5.9.3 Fujitec Elevators & Escalators Products, Services and Solutions
5.9.4 Fujitec Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.9.5 Fujitec Recent Developments
5.10 Electra
5.10.1 Electra Profile
5.10.2 Electra Main Business
5.10.3 Electra Elevators & Escalators Products, Services and Solutions
5.10.4 Electra Elevators & Escalators Revenue (US$ Million) & (2018-2023)
5.10.5 Electra Recent Developments
6 North America
6.1 North America Elevators & Escalators Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Elevators & Escalators Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Elevators & Escalators Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Elevators & Escalators Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Elevators & Escalators Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Elevators & Escalators Market Dynamics
11.1 Elevators & Escalators Industry Trends
11.2 Elevators & Escalators Market Drivers
11.3 Elevators & Escalators Market Challenges
11.4 Elevators & Escalators Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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