The global Escalators and Elevators (PP) market is expected to reach the market value of around US$ 135 Bn by 2027 and is anticipated to grow at a CAGR of around 6.1% in terms of revenue during the forecast period 2020 – 2027.
Elevators are a device used primarily to move people upwards around the floors on buildings and on ground. In comparison it is possible to refer escalators as the style by transferring steps within the building to move people. These are useful for the movement of higher population at a time in residential and industrial buildings. This facilitates the quicker transportation of particularly elderly people in the city. For manufacturing, the goods and cargo are primarily shipped inside the factory or production facility.
The report provides analysis of global Escalators and Elevators market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The expanded use of elevators and escalators at airports, for the purpose of fast transportation, hospitals malls, metroways, and office premises, stimulates development on the market. Another aspect that enhances its position in the residential sector is the rise of geriatric population. The booming housing industry, which results in a growing demand for elevators in buildings with high and middle elevations, further fuels business development. The expansion of the sector has also had a positive effect on social indicators, such as an improved per-capital income and raised living standards.
Regional Stance
Asia Pacific held significant market share in 2019 and projected to govern the market amid the projected time span in the global elevator and escalator industry. The region is predicted to retain its global supremacy over the projected period. Expansion of the regional sector is due to this the rising amount of building infrastructure and the increase in smart cities are expected to further encourage the development of the industry in the region over the predicted period. Besides, the demand for elevators and escalators in Europe is estimated to have a large sales share. The national producers introduce IoT on lifts and escalators as this greatly decreases running costs. Furthermore, IoT incorporation of elevators and escalators enhances operation quality by efficiently reducing downtime. Such trends are expected to push the worldwide development of lifts and escalators over time.
Report coverage
The market research study on “Escalators and Elevators Market (Escalators and Elevators Market By Type: Escalators, Elevators, Moving Walkways, Escalators and Elevators Market By Service: Maintenance & Repair, New Installation; Escalators and Elevators Market By End User: Residential, Commercial, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Escalators and Elevators market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Escalators and Elevators market size, and segment markets by type, service, end use, and geography along with the information on companies operating in the market. The Escalators and Elevators market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Escalators and Elevators market is segmented as below:
Market Segmentation
Escalators and Elevators Market By Type
- Escalators
- Elevators
- Moving Walkways
Escalators and Elevators Market By Service
- Maintenance & Repair
- New Installation
Escalators and Elevators Market By End User
- Residential
- Commercial
- Industrial
Escalators and Elevators Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such United Technologies Corporation, SJEC Corporation, Hitachi, Mitsbushi, Kone Corporation, Otis Elevator Company, Schindler Holding Ltd., and ThyssenKrupp AG., and Others.
The safety of escalators and elevators, was considered the utmost priority, since many malfunctions have been found. Fatalities will seriously affect the brand's reputation, resulting in the stringent quality tests carried out by escalators and lift manufacturers on many occasions before their goods are commercially released.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Escalators and Elevators
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Escalators and Elevators Market By Type
1.2.2.1. Global Escalators and Elevators Market Revenue and Growth Rate Comparison By Type (2016-2027)
1.2.2.2. Global Escalators and Elevators Market Revenue Share By Type in 2019
1.2.2.2.1. Escalators
1.2.2.2.2. Elevators
1.2.2.2.3. Moving Walkways
1.2.3. Escalators and Elevators Market By Service
1.2.3.1. Global Escalators and Elevators Market Revenue and Growth Rate Comparison By Service (2016-2027)
1.2.3.1.1. Maintenance & Repair
1.2.3.1.2. New Installation
1.2.4. Escalators and Elevators Market By End User
1.2.4.1. Global Escalators and Elevators Market Revenue and Growth Rate Comparison By End User (2016-2027)
1.2.4.2. Residential
1.2.4.3. Commercial
1.2.4.4. Industrial
1.2.5. Escalators and Elevators Market By Geography
1.2.5.1. Global Escalators and Elevators Market Revenue and Growth Rate Comparison By Geography (2016-2027)
1.2.5.2. North America Escalators and Elevators Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Escalators and Elevators Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Escalators and Elevators Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Escalators and Elevators Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Escalators and Elevators Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Escalators and Elevators Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Escalators and Elevators Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Escalators and Elevators Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Escalators and Elevators Major Manufacturers in 2019
CHAPTER 4. ESCALATORS AND ELEVATORS MARKET BY TYPE
4.1. Global Escalators and Elevators Revenue By Type
4.2. Escalators
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Elevators
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Moving Walkways
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. ESCALATORS AND ELEVATORS MARKET BY SERVICE
5.1. Global Escalators and Elevators Revenue By Service
5.2. Maintenance & Repair
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. New Installation
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. ESCALATORS AND ELEVATORS MARKET BY END USER
6.1. Global Escalators and Elevators Revenue By End User
6.2. Residential
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Commercial
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.4. Industrial
6.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA ESCALATORS AND ELEVATORS MARKET BY COUNTRY
7.1. North America Escalators and Elevators Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Escalators and Elevators Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Escalators and Elevators Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE ESCALATORS AND ELEVATORS MARKET BY COUNTRY
8.1. Europe Escalators and Elevators Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Escalators and Elevators Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC ESCALATORS AND ELEVATORS MARKET BY COUNTRY
9.1. Asia-Pacific Escalators and Elevators Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Escalators and Elevators Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA ESCALATORS AND ELEVATORS MARKET BY COUNTRY
10.1. Latin America Escalators and Elevators Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Escalators and Elevators Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA ESCALATORS AND ELEVATORS MARKET BY COUNTRY
11.1. Middle East & AFRICA Escalators and Elevators Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & AFRICA Escalators and Elevators Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Service, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. United Technologies Corporation
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. SJEC Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Hitachi
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Mitsbushi
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Kone Corporation
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Otis Elevator Company
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Schindler Holding Ltd
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. ThyssenKrupp AG
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Others
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
