Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public), And Competitive Landscape
Product Code: ETC005661 | Publication Date: Sep 2020 | Updated Date: May 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, Canada was the largest exporter in terms of value, followed by China. It has registered a growth of 1.81% over the previous year. While China registered a growth of 28.51% as compared to the previous year. In the year 2017, Canada was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the USA has the Herfindahl index of 1969 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2150 which signifies moderately concentrated in the market.
The United States (US) Elevator And Escalator Market report thoroughly covers the market by types, by services, and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The United States (US) Elevator And Escalator Market is projected to grow over the coming years. The United States (US) Elevator And Escalator Market report is a part of our periodical regional publication North America Elevator And Escalator Market Outlook report. 6W tracks the elevator and escalator market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Elevator And Escalator Market outlook report annually.
The United States (US) Elevator And Escalator Market is experiencing rapid growth, with the latest development. The market growth is attributed to technological advancements in elevator systems, an increase in construction activities across the country, and rising urbanization. The significant development driving this growth is the increasing demand for energy-efficient elevators as energy-efficient elevators help companies meet sustainability goals while also saving on energy costs.
The major focus towards improving passenger safety as numerous accidents are reported each year caused by malfunctioning, technology has come up with advanced safety features such as anti-skid flooring and sensors. Moreover, there have been significant investments towards modernizing existing infrastructure across various industries such as hospitality, healthcare facilities & hospitals. Thus, contributing to the overall growth of the United States (US) Elevator And Escalator Market.
United States (US) Elevator And Escalator Market is expected to generate substantial revenue during the upcoming years owing to the rising penetration towards the development of technology. The increasing disposable income and rising standard of living behold the US Elevator and Escalator Market Growth. Additionally, the increasing development in healthcare and tourism sectors backed by the rising establishment of hotels and restaurants are contributing to the US Elevator and Escalator Market Share.
According to 6Wresearch, the United States (US) Elevator And Escalator Market is anticipated to grow at a higher growth rate during 2020-2026. The rising number of high-rise buildings along with the increasing deployment of elevators and escalators is residential areas beholds the development of US elevator and escalator market. Moreover, the development of the manufacturing and commercial sector also adds to the US Elevator and Escalator Market Revenue. High initial costs, stringent safety regulations, and maintenance costs are still the restraining factor in the growth of the market. However, with smart elevators utilizing AI technology to cater to efficiency & safety - the future of the industry looks promising. Furthermore, the US Elevator and Escalator Market is projected to experience impressive growth due to increasing urbanization and high demand for energy-efficient elevators & escalators. Moreover, government initiatives in infrastructure development and construction activities further propels the United States Elevator And Escalator Market Growth.
Due to the outburst of the coronavirus pandemic, the market suffered a major setback owing to the worldwide restrictions. The economic slowdown due to the lockdown measures implemented by the government has led to suspended construction activities across various sectors leading to a decrease in demand for elevators and escalators. Furthermore, with many businesses being forced to close temporarily during this period, there was an overall decrease in commercial activity which further affected demand for these products.
The US elevator and escalator market is highly competitive with various key players who have established themselves as industry leaders. Some of them include;
According to Parth, Research Manager, 6Wresearch, the elevator segment accounted for a significant share and is expected to lead the market during the forthcoming years on account of increasing deployment in residential areas.
Based on end-user, the commercial segment is expected to dominate the United States (US) Elevator And Escalator Market share due to the increasing number of commercial buildings being constructed in the United States (US).
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Elevator and Escalator Market Overview |
3.1 United States (US) Elevator and Escalator Market Revenues & Volume, 2016 - 2026F |
3.2 United States (US) Elevator and Escalator Market - Industry Life Cycle |
3.3 United States (US) Elevator and Escalator Market - Porter's Five Forces |
3.4 United States (US) Elevator and Escalator Market Revenues & Volume Share, By Types, 2019 & 2026F |
3.5 United States (US) Elevator and Escalator Market Revenues & Volume Share, By Services, 2019 & 2026F |
3.6 United States (US) Elevator and Escalator Market Revenues & Volume Share, By End-User, 2019 & 2026F |
4 United States (US) Elevator and Escalator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United States (US) Elevator and Escalator Market Trends |
6 United States (US) Elevator and Escalator Market Segmentation |
6.1 United States (US) Elevator and Escalator Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Elevator and Escalator Market Revenues & Volume, By Types, 2016 - 2026F |
6.1.3 United States (US) Elevator and Escalator Market Revenues & Volume, By Elevator, 2016 - 2026F |
6.1.4 United States (US) Elevator and Escalator Market Revenues & Volume, By Escalator, 2016 - 2026F |
6.1.5 United States (US) Elevator and Escalator Market Revenues & Volume, By Moving Walkways, 2016 - 2026F |
6.2 United States (US) Elevator and Escalator Market, By Services |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Elevator and Escalator Market Revenues & Volume, By Maintenance & Repair, 2016 - 2026F |
6.2.3 United States (US) Elevator and Escalator Market Revenues & Volume, By New Installation, 2016 - 2026F |
6.2.4 United States (US) Elevator and Escalator Market Revenues & Volume, By Modernization, 2016 - 2026F |
6.3 United States (US) Elevator and Escalator Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Elevator and Escalator Market Revenues & Volume, By Residential, 2016 - 2026F |
6.3.3 United States (US) Elevator and Escalator Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.3.4 United States (US) Elevator and Escalator Market Revenues & Volume, By Public, 2016 - 2026F |
7 United States (US) Elevator and Escalator Market Import-Export Trade Statistics |
7.1 United States (US) Elevator and Escalator Market Export to Major Countries |
7.2 United States (US) Elevator and Escalator Market Imports from Major Countries |
8 United States (US) Elevator and Escalator Market Key Performance Indicators |
9 United States (US) Elevator and Escalator Market - Opportunity Assessment |
9.1 United States (US) Elevator and Escalator Market Opportunity Assessment, By Types, 2019 & 2026F |
9.2 United States (US) Elevator and Escalator Market Opportunity Assessment, By Services, 2019 & 2026F |
9.3 United States (US) Elevator and Escalator Market Opportunity Assessment, By End-User, 2019 & 2026F |
10 United States (US) Elevator and Escalator Market - Competitive Landscape |
10.1 United States (US) Elevator and Escalator Market Revenue Share, By Companies, 2019 |
10.2 United States (US) Elevator and Escalator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |