Global Elevator And Escalator Market Outlook (2021-2027)

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: Nov 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Global Elevator and Escalator Market report thoroughly covers the market by various trends and segments. 6W tracks Elevator and Escalator Market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Elevator and Escalator Market outlook report annually. 

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 a substantial growth over the past few years on account of increasing infrastructure development. Strengthening of construction sector along with expansion of residential and commercial sector beholds the growth of the market. Initiatives of government regarding the development of economies require construction of dams, bridges, transportation units, schools and airports propel the demand for elevators and escalators. However, rising concerns regarding accidents, high investments and shortage of raw material are some of the restraining factor in the growth of the market. The outbreak of COVID-19 pandemic negatively impacted the Elevator and Escalator market. Lockdowns were imposed globally that led to a pause in all the construction activities. The manufacturing of elevators and escalators were also shut down temporarily leading to the disruption in supply chain. Even after 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. The growth is primarily attributed to increasing government initiatives towards 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 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 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 of Elevator and Escalator market. A substantial growth in the construction of commercial as well as residential buildings, 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 programmes has 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 upgradation of old elevators and escalators and installation of new elevators in the newly constructed buildings. Additionally, Europe is the second largest revenue generating region in the Global Elevator and Escalator market. Countries such as UK, Germany and France are the leaders in the European region. The growth in the European Elevator and Escalator market is influenced by increasing urbanisation, development of smart building projects and utilization of new technology. Also, various government polices has 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 has led to a rise in the Elevator and Escalator market in the Middle-East and North America. Government projects such as expansion of airports and metros in the regions has surged the demand for elevators and escalators. Further, government expenditure on advancement of 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 upon its 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 infrastructure of the 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 a significant growth in the global market. The expansion of airports, malls, hospitals, commercial buildings, etc are 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 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 the construction activities worldwide. 

The report contains the following regional geographical coverage:

 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

· 

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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