Global Elevator And Escalator Market Outlook (2021-2027) | Size, Share, Trend, Growth, Forecast Revenue, Analysis & COVID-19 IMPACT

Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape. And Competitive Landscape

Product Code: ETC150142 Publication Date: Jul 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Global Elevator and Escalator Market report comprehensively covers the market by Types, Services, End Users, and regions. The market 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.

Global Elevator and Escalator Market Synopsis

Elevator and escalator market has witnessed substantial growth over the past few years on account of increasing infrastructure development. Strengthening the construction sector along with the expansion of the residential and commercial sector beholds the growth of the market. Initiatives of government regarding the development of economies require the construction of dams, bridges, transportation units, schools, and airports to propel the demand for elevators and escalators. However, rising concerns regarding accidents, high investments, and shortage of raw materials are some of the restraining factors in the growth of the market. The outbreak of the COVID-19 pandemic negatively impacted the Elevator and Escalator market. Lockdowns were imposed globally led to a pause in all construction activities. The manufacturing of elevators and escalators was also shut down temporarily leading to disruption in the supply chain. Even after the reopening of the economies, the growth in the market was slow due to certain restrictions.

According to 6Wresearch, the Global Elevator and Escalator market size is anticipated to register growth during 2021-2027. Strengthening of the construction sector coupled with the rising establishment of commercial buildings, offices and malls are proliferating the Elevator and Escalator Market Share. Additionally, growing development in the residential sector coupled with an aging population is also accelerating the growth of the industry. Moreover, the introduction of green elevators coupled with rising consciousness regarding environmental issues is propelling the  Elevator and Escalator  Market  Share. 

The growth is primarily attributed to increasing government initiatives toward rapid urbanization across various developed and developing countries as well as due to the introduction of energy-efficient elevators and escalators that are resulting in the growth of the market because they save a major amount of energy. In addition, Hitachi bought a significant number of shares in Yungtay Engineering in October 2020 in order to enhance its Elevator and Escalator market. In August 2020, Otis Elevator Company merged with Bay State Elevator to expand its business in the US. Further, Kone corporation and Prescient came into a collaboration in May 2019, to strategically work on improving the smart buildings for North America. Some of the key companies operating in the Global Elevator and Escalator market are Otis Elevator Company, KONE Corporation, Schindler, Mitsubishi, Hitachi, Thyssenkrupp, Gulf elevator, and escalator, and Hitachi Ltd.

Market Analysis by Geography

The Global Elevator and Escalator market has grown significantly in various regions such as North America, Latin America, Europe, Asia Pacific, and the rest of the world. The Elevator and Escalator market is quite prominent in the Asia Pacific region, making it the highest revenue-generating region. Additionally, countries such as India, Singapore, Japan, and China are the largest manufacturers of elevators and escalators in the Asia-Pacific region. Furthermore, China is the leader in the Elevator and Escalator market. Substantial growth in the construction of commercial as well as residential buildings, and an increase in infrastructural activities in developing countries such as India, China, and Singapore have surged the demand for elevators and escalators. In addition, various Government policies and programs have led to an increase in the production of elevators and escalators in the Asia Pacific region. For instance, the government of China has introduced a policy regarding the up-gradation of old elevators and escalators and the installation of new elevators in newly constructed buildings. Additionally, Europe is the second-largest revenue-generating region in the Global Elevator and Escalator market. Countries such as the UK, Germany, and France are the leaders in the European region. The growth in the European Elevator and Escalator market is influenced by increasing urbanization, development of smart building projects, and utilization of new technology. Also, various government policies have led to a growth in the Elevator and Escalator market. Additionally, the Middle East and North America are the major revenue-generating regions as well. The growing population, increasing industrial development, and government policies have led to a rise in the Elevator and Escalator market in the Middle East and North America. Government projects such as the expansion of airports and metros in the regions have surged the demand for elevators and escalators. Further, government expenditure on the advancement of the educational and healthcare sector in the Middle East and North America has led to increasing demand for elevators and escalators.

Market Analysis by Type

The Global Elevator and Escalator market is divided into different segments based on their services, types, and end-users. The product type segmentation majorly includes elevators, escalators, and moving walkways. Further, due to an increase in the construction of tall buildings, rapid urbanization, and improvement in the infrastructure of developing countries, the demand for elevators has increased significantly. Increasing use of elevators by the corporate as well as the residential sector has led to a rise in revenue from its market. Thus, elevators are the highest revenue-generating segment in the Elevator and Escalator market. Additionally, moving walkways have witnessed significant growth in the global market. The expansion of airports, malls, hospitals, commercial buildings, etc is several factors contributing to the demand for moving walkways.

Market Analysis by End Users

The residential segment leads the market by having the largest share of the revenue. Various government projects that aim at developing the infrastructure of a country, rise in the construction of multi-storeyed buildings and increasing population has positively influenced the Global Elevator and Escalator market. On the other hand, the global commercial end-user segment is expected to see a decline in the revenue generated from Elevator and Escalator market due to slow growth in construction activities worldwide. 

The report contains the following regional geographical coverage:

Reports
 Asia Pacific Elevator And Escalator Market  Latin America Elevator And Escalator Market
 Middle East Elevator And Escalator Market  Europe Elevator And Escalator Market
 North America Elevator And Escalator Market  Africa Elevator And Escalator Market

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Global Elevator and Escalator Market Outlook
  • Market Size of Global Elevator and Escalator Market, 2020
  • Forecast of Global Elevator and Escalator Market, 2027
  • Historical Data and Forecast of Global Elevator and Escalator Revenues & Volume for the Period 2017 - 2027
  • Global Elevator and Escalator Market Trend Evolution
  • Global Elevator and Escalator Market Drivers and Challenges
  • Global Elevator and Escalator Price Trends
  • Global Elevator and Escalator Porter's Five Forces
  • Global Elevator and Escalator Industry Life Cycle
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
  • Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
  • Global Elevator and Escalator Market - Key Performance Indicators
  • Global Elevator and Escalator Market - Import Export Trade Statistics
  • Global Elevator and Escalator Market - Opportunity Assessment By Countries
  • Global Elevator and Escalator Market - Opportunity Assessment By Types
  • Global Elevator and Escalator Market - Opportunity Assessment By Services
  • Global Elevator and Escalator Market - Opportunity Assessment By End-User
  • Global Elevator and Escalator Market - Top Companies Market Share
  • Global Elevator and Escalator Market - Top Companies Profiles
  • Global Elevator and Escalator Market - Comparison of Players in Technical and Operating Parameters
  • Global Elevator and Escalator Market - Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Types

  • Elevator
  • Escalator
  • Moving Walkways

By Services

  • Maintenance & Repair
  • New Installation
  • Modernization

By End-User

  • Residential
  • Commercial
  • Public

By Regions:

  • Asia Pacific
  • Middle East
  • Africa
  • North America
  • Latin America
  • Europe
Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on type is generating the highest revenue?

Elevators are the highest revenue-generating segment in the Elevator and Escalator market.

2). Which segment based on end-user leads the Global Elevator and Escalator Market?

The residential segment leads the market by having the largest share of the revenue.

3). Does the report include the impact of COVID-19?

Yes, the report includes the impact of COVID-19.

4). What is the study period of this report?

The study period of this report is 2021-2027.

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 Global Elevator and Escalator Market Overview
3.1 Global Regional Macro Economic Indicators
3.2 Global Elevator and Escalator Market Revenues & Volume, 2020 & 2027F
3.3 Global Elevator and Escalator Market - Industry Life Cycle
3.4 Global Elevator and Escalator Market - Porter's Five Forces
3.5 Global Elevator and Escalator Market Revenues & Volume Share, By Countries, 2020 & 2027F
3.6 Global Elevator and Escalator Market Revenues & Volume Share, By Types, 2020 & 2027F
3.7 Global Elevator and Escalator Market Revenues & Volume Share, By Services, 2020 & 2027F
3.8 Global Elevator and Escalator Market Revenues & Volume Share, By End-User, 2020 & 2027F
4 Global Elevator and Escalator Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Global Elevator and Escalator Market Trends
6 Global Elevator and Escalator Market, 2017-2027
6.1 Global Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
6.2 Global Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
6.3 Global Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
7 North America Elevator and Escalator Market, 2017-2027
7.1 North America Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
7.2 North America Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
7.3 North America Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
8 Latin America Elevator and Escalator Market, 2017-2027
8.1 Latin America Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
8.2 Latin America Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
8.3 Latin America Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
9 Europe Elevator and Escalator Market, 2017-2027
9.1 Europe Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
9.2 Europe Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
9.3 Europe Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
10 Asia Pacific Elevator and Escalator Market, 2017-2027
10.1 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
10.2 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
10.3 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
11 Middle East Elevator and Escalator Market, 2017-2027
11.1 Middle East Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
11.2 Middle East Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
11.3 Middle East Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
12 Africa Elevator and Escalator Market, 2017-2027
12.1 Africa Elevator and Escalator Market, Revenues & Volume, By Types, 2017-2027
12.2 Africa Elevator and Escalator Market, Revenues & Volume, By Services, 2017-2027
12.3 Africa Elevator and Escalator Market, Revenues & Volume, By End-User, 2017-2027
13 Global Elevator and Escalator Market Key Performance Indicators
14 Global Elevator and Escalator Market - Opportunity Assessment
14.1 Global Elevator and Escalator Market Opportunity Assessment, By Countries, 2020 & 2027F
14.2 Global Elevator and Escalator Market Opportunity Assessment, By Types, 2020 & 2027F
14.3 Global Elevator and Escalator Market Opportunity Assessment, By Services, 2020 & 2027F
14.4 Global Elevator and Escalator Market Opportunity Assessment, By End-User, 2020 & 2027F
15 Global Elevator and Escalator Market - Competitive Landscape
15.1 Global Elevator and Escalator Market Revenue Share, By Companies, 2020
15.2 Global Elevator and Escalator Market Competitive Benchmarking, By Operating and Technical Parameters
16 Company Profiles
17 Recommendations
18 Disclaimer
 
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