Elevators and Escalators Market Size, Share, Analysis, Trends, Growth 2028
Elevators and Escalators Market By Type (Elevators, Escalators, Moving Walkways), By Service (New installation, Maintenance & Repair, and Modernization), By Elevator Technology (Traction, Machine-Room-Less, & Hydraulic), By End-use Industry (Residential, Commercial, Institutional, Infrastructure, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028
Category: Heavy Industry Report Format : PDF
Pages: 187 Report Code: ZMR-3427
Published Date: May-2022 Status : Published
| Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 134.65 Billion | USD 192.75 billion | 6.7% | 2021 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Elevators and Escalators Market, (2022 - 2028) (USD Billion )
- 2.2 Global Elevators and Escalators Market : snapshot
- Chapter 3. Global Elevators and Escalators Market - Industry Analysis
- 3.1 Elevators and Escalators Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing necessity for minimizing the consumption of energy in buildings
- 3.3 Market Restraints
- 3.3.1. Increasing elevator and escalator accidents may restrain the market growth
- 3.4 Market Opportunities
- 3.4.1. Adoption of green building materials to bring growth opportunities for market expansion
- 3.5 Market Challenges
- 3.5.1. Strict regulations associated with escalators and elevators act as a challenge for market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Service
- 3.7.3 Market attractiveness analysis By Elevator Technology
- 3.7.4 Market attractiveness analysis By End User
- Chapter 4. Global Elevators and Escalators Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Elevators and Escalators Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Elevators and Escalators Market - Type Analysis
- 5.1 Global Elevators and Escalators Market overview: By Type
- 5.1.1 Global Elevators and Escalators Market share, By Type, 2021 and 2028
- 5.2 Elevator
- 5.2.1 Global Elevators and Escalators Market by Elevator, 2022 - 2028 (USD Billion )
- 5.3 Escalator
- 5.3.1 Global Elevators and Escalators Market by Escalator, 2022 - 2028 (USD Billion )
- 5.4 Moving Walkways
- 5.4.1 Global Elevators and Escalators Market by Moving Walkways, 2022 - 2028 (USD Billion )
- 5.1 Global Elevators and Escalators Market overview: By Type
- Chapter 6. Global Elevators and Escalators Market - Service Analysis
- 6.1 Global Elevators and Escalators Market overview: By Service
- 6.1.1 Global Elevators and Escalators Market share, By Service, 2021 and 2028
- 6.2 New installation
- 6.2.1 Global Elevators and Escalators Market by New installation, 2022 - 2028 (USD Billion )
- 6.3 Maintenance & repair
- 6.3.1 Global Elevators and Escalators Market by Maintenance & repair, 2022 - 2028 (USD Billion )
- 6.4 Modernization
- 6.4.1 Global Elevators and Escalators Market by Modernization, 2022 - 2028 (USD Billion )
- 6.1 Global Elevators and Escalators Market overview: By Service
- Chapter 7. Global Elevators and Escalators Market - Elevator Technology Analysis
- 7.1 Global Elevators and Escalators Market overview: By Elevator Technology
- 7.1.1 Global Elevators and Escalators Market share, By Elevator Technology, 2021 and 2028
- 7.2 Traction elevator
- 7.2.1 Global Elevators and Escalators Market by Traction elevator, 2022 - 2028 (USD Billion )
- 7.3 Machine room less traction elevator
- 7.3.1 Global Elevators and Escalators Market by Machine room less traction elevator, 2022 - 2028 (USD Billion )
- 7.4 Hydraulic
- 7.4.1 Global Elevators and Escalators Market by Hydraulic, 2022 - 2028 (USD Billion )
- 7.1 Global Elevators and Escalators Market overview: By Elevator Technology
- Chapter 8. Global Elevators and Escalators Market - End User Analysis
- 8.1 Global Elevators and Escalators Market overview: By End User
- 8.1.1 Global Elevators and Escalators Market share, By End User , 2021 and 2028
- 8.2 Residential
- 8.2.1 Global Elevators and Escalators Market by Residential, 2022 - 2028 (USD Billion )
- 8.3 Commercial
- 8.3.1 Global Elevators and Escalators Market by Commercial, 2022 - 2028 (USD Billion )
- 8.4 Institutional
- 8.4.1 Global Elevators and Escalators Market by Institutional, 2022 - 2028 (USD Billion )
- 8.5 Infrastructure
- 8.5.1 Global Elevators and Escalators Market by Infrastructure, 2022 - 2028 (USD Billion )
- 8.6 Others
- 8.6.1 Global Elevators and Escalators Market by Others, 2022 - 2028 (USD Billion )
- 8.1 Global Elevators and Escalators Market overview: By End User
- Chapter 9. Elevators and Escalators Market - Regional Analysis
- 9.1 Global Elevators and Escalators Market Regional Overview
- 9.2 Global Elevators and Escalators Market Share, by Region, 2021 & 2028 (USD Billion )
- 9.3. North America
- 9.3.1 North America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.3.1.1 North America Elevators and Escalators Market, by Country, 2022 - 2028 (USD Billion )
- 9.3.1 North America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4 North America Elevators and Escalators Market, by Type, 2022 - 2028
- 9.4.1 North America Elevators and Escalators Market, by Type, 2022 - 2028 (USD Billion )
- 9.5 North America Elevators and Escalators Market, by Service, 2022 - 2028
- 9.5.1 North America Elevators and Escalators Market, by Service, 2022 - 2028 (USD Billion )
- 9.6 North America Elevators and Escalators Market, by Elevator Technology, 2022 - 2028
- 9.6.1 North America Elevators and Escalators Market, by Elevator Technology, 2022 - 2028 (USD Billion )
- 9.7 North America Elevators and Escalators Market, by End User , 2022 - 2028
- 9.7.1 North America Elevators and Escalators Market, by End User , 2022 - 2028 (USD Billion )
- 9.4. Europe
- 9.4.2 Europe Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4.2.1 Europe Elevators and Escalators Market, by Country, 2022 - 2028 (USD Billion )
- 9.4.2 Europe Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4 Europe Elevators and Escalators Market, by Type, 2022 - 2028
- 9.4.1 Europe Elevators and Escalators Market, by Type, 2022 - 2028 (USD Billion )
- 9.5 Europe Elevators and Escalators Market, by Service, 2022 - 2028
- 9.5.1 Europe Elevators and Escalators Market, by Service, 2022 - 2028 (USD Billion )
- 9.6 Europe Elevators and Escalators Market, by Elevator Technology, 2022 - 2028
- 9.6.1 Europe Elevators and Escalators Market, by Elevator Technology, 2022 - 2028 (USD Billion )
- 9.7 Europe Elevators and Escalators Market, by End User , 2022 - 2028
- 9.7.1 Europe Elevators and Escalators Market, by End User , 2022 - 2028 (USD Billion )
- 9.5. Asia Pacific
- 9.5.3 Asia Pacific Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.5.3.1 Asia Pacific Elevators and Escalators Market, by Country, 2022 - 2028 (USD Billion )
- 9.5.3 Asia Pacific Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4 Asia Pacific Elevators and Escalators Market, by Type, 2022 - 2028
- 9.4.1 Asia Pacific Elevators and Escalators Market, by Type, 2022 - 2028 (USD Billion )
- 9.5 Asia Pacific Elevators and Escalators Market, by Service, 2022 - 2028
- 9.5.1 Asia Pacific Elevators and Escalators Market, by Service, 2022 - 2028 (USD Billion )
- 9.6 Asia Pacific Elevators and Escalators Market, by Elevator Technology, 2022 - 2028
- 9.6.1 Asia Pacific Elevators and Escalators Market, by Elevator Technology, 2022 - 2028 (USD Billion )
- 9.7 Asia Pacific Elevators and Escalators Market, by End User , 2022 - 2028
- 9.7.1 Asia Pacific Elevators and Escalators Market, by End User , 2022 - 2028 (USD Billion )
- 9.6. Latin America
- 9.6.4 Latin America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.6.4.1 Latin America Elevators and Escalators Market, by Country, 2022 - 2028 (USD Billion )
- 9.6.4 Latin America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4 Latin America Elevators and Escalators Market, by Type, 2022 - 2028
- 9.4.1 Latin America Elevators and Escalators Market, by Type, 2022 - 2028 (USD Billion )
- 9.5 Latin America Elevators and Escalators Market, by Service, 2022 - 2028
- 9.5.1 Latin America Elevators and Escalators Market, by Service, 2022 - 2028 (USD Billion )
- 9.6 Latin America Elevators and Escalators Market, by Elevator Technology, 2022 - 2028
- 9.6.1 Latin America Elevators and Escalators Market, by Elevator Technology, 2022 - 2028 (USD Billion )
- 9.7 Latin America Elevators and Escalators Market, by End User , 2022 - 2028
- 9.7.1 Latin America Elevators and Escalators Market, by End User , 2022 - 2028 (USD Billion )
- 9.7. The Middle-East and Africa
- 9.7.5 The Middle-East and Africa Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.7.5.1 The Middle-East and Africa Elevators and Escalators Market, by Country, 2022 - 2028 (USD Billion )
- 9.7.5 The Middle-East and Africa Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 9.4 The Middle-East and Africa Elevators and Escalators Market, by Type, 2022 - 2028
- 9.4.1 The Middle-East and Africa Elevators and Escalators Market, by Type, 2022 - 2028 (USD Billion )
- 9.5 The Middle-East and Africa Elevators and Escalators Market, by Service, 2022 - 2028
- 9.5.1 The Middle-East and Africa Elevators and Escalators Market, by Service, 2022 - 2028 (USD Billion )
- 9.6 The Middle-East and Africa Elevators and Escalators Market, by Elevator Technology, 2022 - 2028
- 9.6.1 The Middle-East and Africa Elevators and Escalators Market, by Elevator Technology, 2022 - 2028 (USD Billion )
- 9.7 The Middle-East and Africa Elevators and Escalators Market, by End User , 2022 - 2028
- 9.7.1 The Middle-East and Africa Elevators and Escalators Market, by End User , 2022 - 2028 (USD Billion )
- Chapter 10. Company Profiles
- 10.1 Hitachi Ltd.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 KONE Corporation
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Thyssenkrupp AG
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Otis Elevator
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Schindler Group
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Toshiba Corporation
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 FUJITEC CO.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 LTD
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Johnson Elevator Co.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Ltd.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Mitsubishi Electric Corporation
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 and HYUNDAIELEVATOR CO.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 LTD. among others.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.1 Hitachi Ltd.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 4. Porter’s Five Forces Analysis
- 5. Global Elevators and Escalators Market attractiveness, By Type
- 6. Global Elevators and Escalators Market attractiveness, By Service
- 7. Global Elevators and Escalators Market attractiveness, By Elevator Technology
- 8. Global Elevators and Escalators Market attractiveness, By End User
- 9. Global Elevators and Escalators Market share by Type, 2022 and 2028 (USD Billion )
- 10. Global Elevators and Escalators Market by Elevator, 2022 - 2028 (USD Billion )
- 11. Global Elevators and Escalators Market by Escalator, 2022 - 2028 (USD Billion )
- 12. Global Elevators and Escalators Market by Moving Walkways, 2022 - 2028 (USD Billion )
- 13. Global Elevators and Escalators Market share by Service, 2022 and 2028 (USD Billion )
- 14. Global Elevators and Escalators Market by New installation, 2022 - 2028 (USD Billion )
- 15. Global Elevators and Escalators Market by Maintenance & repair, 2022 - 2028 (USD Billion )
- 16. Global Elevators and Escalators Market by Modernization, 2022 - 2028 (USD Billion )
- 17. Global Elevators and Escalators Market share by Elevator Technology, 2022 and 2028 (USD Billion )
- 18. Global Elevators and Escalators Market by Traction elevator, 2022 - 2028 (USD Billion )
- 19. Global Elevators and Escalators Market by Machine room less traction elevator, 2022 - 2028 (USD Billion )
- 20. Global Elevators and Escalators Market by Hydraulic, 2022 - 2028 (USD Billion )
- 21. Global Elevators and Escalators Market share by End User , 2022 and 2028 (USD Billion )
- 22. Global Elevators and Escalators Market by Residential, 2022 - 2028 (USD Billion )
- 23. Global Elevators and Escalators Market by Commercial, 2022 - 2028 (USD Billion )
- 24. Global Elevators and Escalators Market by Institutional, 2022 - 2028 (USD Billion )
- 25. Global Elevators and Escalators Market by Infrastructure, 2022 - 2028 (USD Billion )
- 26. Global Elevators and Escalators Market by Others, 2022 - 2028 (USD Billion )
- 27. Global Elevators and Escalators Market share, by Region, 2022 and 2028
- 28. North America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 29. Europe Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 30. Asia Pacific Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 31. Latin America Elevators and Escalators Market, 2022 - 2028 (USD Billion )
- 32. The Middle-East and Africa Elevators and Escalators Market, 2022 - 2028 (USD Billion )
Table Of Tables
- 1. Global Elevators and Escalators Market: Snapshot
- 2. Drivers of the Elevators and Escalators Market: impact analysis
- 3. North America Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 4. North America Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 5. North America Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 6. North America Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 7. U.S. Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 8. U.S. Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 9. U.S. Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 10. U.S. Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 11. Canada Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 12. Canada Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 13. Canada Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 14. Canada Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 15. Europe Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 16. Europe Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 17. Europe Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 18. Europe Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 19. Germany Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 20. Germany Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 21. Germany Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 22. Germany Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 23. France Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 24. France Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 25. France Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 26. France Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 27. U.K. Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 28. U.K. Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 29. U.K. Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 30. U.K. Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 31. Italy Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 32. Italy Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 33. Italy Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 34. Italy Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 35. Spain Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 36. Spain Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 37. Spain Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 38. Spain Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 39. Rest of Europe Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 40. Rest of Europe Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 41. Rest of Europe Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 42. Rest of Europe Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 43. Asia Pacific Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 44. Asia Pacific Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 45. Asia Pacific Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 46. Asia Pacific Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 47. China Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 48. China Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 49. China Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 50. China Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 51. Japan Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 52. Japan Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 53. Japan Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 54. Japan Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 55. India Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 56. India Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 57. India Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 58. India Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 59. South Korea Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 60. South Korea Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 61. South Korea Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 62. South Korea Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 63. South-East Asia Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 64. South-East Asia Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 65. South-East Asia Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 66. South-East Asia Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 67. Rest of Asia Pacific Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 68. Rest of Asia Pacific Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 69. Rest of Asia Pacific Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 70. Rest of Asia Pacific Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 71. Latin America Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 72. Latin America Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 73. Latin America Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 74. Latin America Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 75. Brazil Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 76. Brazil Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 77. Brazil Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 78. Brazil Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 79. Mexico Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 80. Mexico Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 81. Mexico Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 82. Mexico Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 83. Rest of Latin America Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 84. Rest of Latin America Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 85. Rest of Latin America Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 86. Rest of Latin America Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 87. The Middle-East and Africa Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 88. The Middle-East and Africa Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 89. The Middle-East and Africa Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 90. The Middle-East and Africa Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 91. GCC Countries Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 92. GCC Countries Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 93. GCC Countries Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 94. GCC Countries Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 95. South Africa Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 96. South Africa Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 97. South Africa Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 98. South Africa Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
- 99. Rest of Middle-East Africa Elevators and Escalators Market revenue, By Type, 2022 - 2028 (USD Billion )
- 100. Rest of Middle-East Africa Elevators and Escalators Market revenue, By Service, 2022 - 2028 (USD Billion )
- 101. Rest of Middle-East Africa Elevators and Escalators Market revenue, By Elevator Technology, 2022 - 2028 (USD Billion )
- 102. Rest of Middle-East Africa Elevators and Escalators Market revenue, By End User , 2022 - 2028 (USD Billion )
Methodology
FrequentlyAsked Questions
A large amount of energy is utilized around the world as a result of rising industrialization and urbanization. In 2020, as per the US Energy Information Administration, 20% of energy is consumed by commercial buildings. Furthermore, cities are responsible for three-quarters of natural resource usage and 75 percent of CO2 emissions worldwide. Because of these issues, governments all over the world have made it mandatory to use energy efficiently and sensibly. Elevators utilize 2-7% of the energy required in a building, and there is tremendous room for improvement in terms of energy consumption. As a result, elevator manufacturers are concentrating on developing energy-efficient elevators.
According to the Zion Market Research report, the global elevators and escalators market was worth about 134.65 (USD billion) in 2021 and is predicted to grow to around 192.75 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 6.7 percent.
Due to a sharp surge in demand from key nations and developing territories such as India and Southeast Asia, Asia Pacific is expected to dominate the market, outperforming its competitors. According to geographical analysis, China has made a substantial contribution to market revenue growth and owns a significant elevator & escalator market share. Over the projection period, India is expected to grow at the highest rate in the market. The country's rapid development and increased development of skyscrapers and high-rise structures are key reasons for making it the Asia Pacific region's third-largest market.
The prominent players operating in the global elevators and escalators market include Hitachi Ltd., KONE Corporation, Thyssenkrupp AG, Otis Elevator, Schindler Group, Toshiba Corporation, FUJITEC CO., LTD, Johnson Elevator Co., Ltd., Mitsubishi Electric Corporation, and HYUNDAIELEVATOR CO., LTD. among others.
Elevators and escalators are subject to strict regulations and standards, which could strangle the market. As even the smallest fault in a product can endanger the life of the user, adherence to laws and standards is critical. The Texas Health and Safety Code Safety's Elevator Advisory Board, the Elevator Escalator Safety Foundation, the Elevator and Escalator Safety Trust, and the American Society of Mechanical Engineers (ASME), have all issued guidelines to protect public safety in the elevator sector. The American Society of Mechanical Engineers, for instance, has established key guidelines for moving walkway, elevator, and escalator-related equipment safety throughout its design, operations, repair, and maintenance. ASME A17.7-2007/CSA B44.7-07 is among the bi-national codes for elevators and escalators.
The global elevators and escalators market is segregated based on service, type, elevator technology, end-user, and region. Based on the service, the global market is divided into modernization, maintenance & repair, and new installation. The type segment is split into moving walkways, escalators, and elevators. By elevator technology, the market is categorized into hydraulic, machine room-less traction elevators, and traction elevators. Infrastructure, institutional, commercial, residential, and others are the end-users of the market.
Due to the rise of the building and construction sectors, the elevator and escalator market share is predicted to expand. There are numerous advantages of hydraulic elevators, including low civil engineering requirements, excellent security, and exceptional shaft utilization.
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