Rising usage of elevator and escalators at airports, malls, subways, hospitals, office buildings, and other commercial spaces to offer ease in transit is driving the market growth. Growing geriatric population is another factor boosting its installation in the residential sector. Booming construction sector resulting into rapid demand of elevators in high-rise and mid-rise buildings is further pushing the market growth. Socioeconomic factors such as the rise in per capita income and increase in standard of living are also impacting the market growth positively.
The latest report by Value Market Research expects the Global Elevator And Escalator Market to reach USD 167.2 billion by 2025. It was valued USD 99.1 billion in 2018. The report foresees a 7.8% CAGR from 2019 to 2025.
Hydraulic elevators dominated the segment
In 2018, hydraulic elevators emerged as the leading product segment. Advantages of hydraulic lifts are it is efficient, relatively cheaper, occupies less space, easy to install and maintain are driving its demand.
Residential building dominated the application segment
By application, residential building led the segment in 2018. Rising construction of high-rise and mid-rise residential apartments is driving the segment growth. High disposable income, an increasing trend of nuclear families is pushing the construction of the residential building. Rising installation of elevators in residential building owing to rise in old aged population and patients suffering from arthritis and other joint related disorders are boosting the market demand.
Asia Pacific dominated the regional market
Geographically, Asia Pacific led the market and has accounted for major market share in 2018. Rapid urbanization and industrialization in developing countries such as China and India are driving market growth. Also, High population density, the rise in disposable income and increase in standard of living are some of the prominent factors spurring the regional market growth.
Key players of the market
Major vendors of the market are Fujitec, Hitachi, Hyundai, Kone Elevator, Mitsubishi, Otis, ThyssenKrupp, and Toshiba.
As per this study, the Global Elevator And Escalator Market was valued USD 99.1 BN (by revenue) in 2018 and is anticipated to reach USD 167.2 BN by 2025 with a CAGR of 7.8%.
The elevator is a power-driven installation that runs in definite vertical guidelines and lifts up people or goods between floors of the building. Whereas, the escalator is the set of moving stairs that are electrically powered used to carry passenger upwards or downwards in subways, buildings and public utility areas. Both elevators and escalators are used to provide rapid and convenient transportation between floors of the infrastructure.
Rising construction of airports, subways, commercial complexes, shopping malls are majorly driving the elevator and escalator market growth. Rising installation of elevators and escalator in high-rise building and skyscrapers is further boosting the market growth. Rapid urbanization, along with the increasing count of retail and metro station is again pushing the market growth uphill. However, high installation cost may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of elevator and escalator.
The broad elevator and escalator market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Traction Elevator
- Hydraulic Elevator
- Climbing Elevator
- Pneumatic Elevator
- Residential Building
- Commercial Building
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for elevator and escalator in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Elevator And Escalator Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the elevator and escalator market include Fujitec, Hitachi, Hyundai, Kone Elevator, Mitsubishi, Otis, ThyssenKrupp and Toshiba. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Elevator And Escalator
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Elevator And Escalator Market: Snapshot
4. ELEVATOR AND ESCALATOR MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. ELEVATOR AND ESCALATOR MARKET ANALYSIS BY APPLICATION
- Market In Traction Elevator
- Market In Hydraulic Elevator
- Market In Climbing Elevator
- Market In Pneumatic Elevator
- Market In Escalator
6. ELEVATOR AND ESCALATOR MARKET ANALYSIS BY GEOGRAPHY
- Market In Residential Building
- Market In Commercial Building
7. COMPETITIVE LANDSCAPE OF THE ELEVATOR AND ESCALATOR COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE ELEVATOR AND ESCALATOR INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Kone Elevator
Table 1. Market Highlights Of Elevator And Escalator
Table 2. Global Elevator And Escalator Market By Product
Table 3. Global Elevator And Escalator Market By Application
Table 4. Global Elevator And Escalator Market By Geography
Table 5. North America Elevator And Escalator Market
Table 6. Europe Elevator And Escalator Market
Table 7. Asia Pacific Elevator And Escalator Market
Table 8. Latin America Elevator And Escalator Market
Table 9. Middle East And Africa Elevator And Escalator Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Elevator And Escalator Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Elevator And Escalator
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Elevator And Escalator Market By Product
Fig. 8. Global Elevator And Escalator Market By Application
Fig. 9. Global Elevator And Escalator Market By Geography
Fig. 10. North America Elevator And Escalator Market
Fig. 11. Europe Elevator And Escalator Market
Fig. 12. Asia Pacific Elevator And Escalator Market
Fig. 13. Latin America Elevator And Escalator Market
Fig. 14. Middle East And Africa Elevator And Escalator Market
Fig. 15. Market Share Of Elevator And Escalator Companies
Fig. 16. Recent Developments In Elevator And Escalator Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.