The global Elevator and Escalator market size was valued at US$ 35990 million in 2023. With growing demand in downstream market, the Elevator and Escalator is forecast to a readjusted size of US$ 45870 million by 2030 with a CAGR of 3.5% during review period.
The research report highlights the growth potential of the global Elevator and Escalator market. Elevator and Escalator are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Elevator and Escalator. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Elevator and Escalator market.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
The biggest elevator and escalator manufacturers in Global Market is Otis, holds a share about 15%, other key players include Schindler Group, ThyssenKrupp and Kone hold market share about 25% in total. Asia-Pacific is largest market, occupied for around 80 percent, followed by Europe, which holds around 15% market share. In terms of type, elevator(vertical) segment holds the largest share over 80 percent. In terms of application, residential area holds the largest elevator and escalator market share about 62 percent in global.
Key Features:
The report on Elevator and Escalator market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Elevator and Escalator market. It may include historical data, market segmentation by Type (e.g., Elevator (Vertical), Escalator), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Elevator and Escalator market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Elevator and Escalator market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Elevator and Escalator industry. This include advancements in Elevator and Escalator technology, Elevator and Escalator new entrants, Elevator and Escalator new investment, and other innovations that are shaping the future of Elevator and Escalator.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Elevator and Escalator market. It includes factors influencing customer ' purchasing decisions, preferences for Elevator and Escalator product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Elevator and Escalator market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Elevator and Escalator market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Elevator and Escalator market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Elevator and Escalator industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Elevator and Escalator market.
Market Segmentation:
Elevator and Escalator market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Elevator (Vertical)
Escalator
Moving Walkway
Segmentation by application
Residential Area
Commercial Office
Transportation Hub Area
Industrial Area
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
Sicher Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao
CNYD
Meilun Elevator
IFE Elevators
Joylive Elevator
Dongnan Elevator
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator and Escalator market?
What factors are driving Elevator and Escalator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator and Escalator market opportunities vary by end market size?
How does Elevator and Escalator break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Elevator and Escalator Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Elevator and Escalator by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Elevator and Escalator by Country/Region, 2019, 2023 & 2030
2.2 Elevator and Escalator Segment by Type
2.2.1 Elevator (Vertical)
2.2.2 Escalator
2.2.3 Moving Walkway
2.3 Elevator and Escalator Sales by Type
2.3.1 Global Elevator and Escalator Sales Market Share by Type (2019-2024)
2.3.2 Global Elevator and Escalator Revenue and Market Share by Type (2019-2024)
2.3.3 Global Elevator and Escalator Sale Price by Type (2019-2024)
2.4 Elevator and Escalator Segment by Application
2.4.1 Residential Area
2.4.2 Commercial Office
2.4.3 Transportation Hub Area
2.4.4 Industrial Area
2.5 Elevator and Escalator Sales by Application
2.5.1 Global Elevator and Escalator Sale Market Share by Application (2019-2024)
2.5.2 Global Elevator and Escalator Revenue and Market Share by Application (2019-2024)
2.5.3 Global Elevator and Escalator Sale Price by Application (2019-2024)
3 Global Elevator and Escalator by Company
3.1 Global Elevator and Escalator Breakdown Data by Company
3.1.1 Global Elevator and Escalator Annual Sales by Company (2019-2024)
3.1.2 Global Elevator and Escalator Sales Market Share by Company (2019-2024)
3.2 Global Elevator and Escalator Annual Revenue by Company (2019-2024)
3.2.1 Global Elevator and Escalator Revenue by Company (2019-2024)
3.2.2 Global Elevator and Escalator Revenue Market Share by Company (2019-2024)
3.3 Global Elevator and Escalator Sale Price by Company
3.4 Key Manufacturers Elevator and Escalator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Elevator and Escalator Product Location Distribution
3.4.2 Players Elevator and Escalator Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Elevator and Escalator by Geographic Region
4.1 World Historic Elevator and Escalator Market Size by Geographic Region (2019-2024)
4.1.1 Global Elevator and Escalator Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Elevator and Escalator Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Elevator and Escalator Market Size by Country/Region (2019-2024)
4.2.1 Global Elevator and Escalator Annual Sales by Country/Region (2019-2024)
4.2.2 Global Elevator and Escalator Annual Revenue by Country/Region (2019-2024)
4.3 Americas Elevator and Escalator Sales Growth
4.4 APAC Elevator and Escalator Sales Growth
4.5 Europe Elevator and Escalator Sales Growth
4.6 Middle East & Africa Elevator and Escalator Sales Growth
5 Americas
5.1 Americas Elevator and Escalator Sales by Country
5.1.1 Americas Elevator and Escalator Sales by Country (2019-2024)
5.1.2 Americas Elevator and Escalator Revenue by Country (2019-2024)
5.2 Americas Elevator and Escalator Sales by Type
5.3 Americas Elevator and Escalator Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator and Escalator Sales by Region
6.1.1 APAC Elevator and Escalator Sales by Region (2019-2024)
6.1.2 APAC Elevator and Escalator Revenue by Region (2019-2024)
6.2 APAC Elevator and Escalator Sales by Type
6.3 APAC Elevator and Escalator Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Elevator and Escalator by Country
7.1.1 Europe Elevator and Escalator Sales by Country (2019-2024)
7.1.2 Europe Elevator and Escalator Revenue by Country (2019-2024)
7.2 Europe Elevator and Escalator Sales by Type
7.3 Europe Elevator and Escalator Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Elevator and Escalator by Country
8.1.1 Middle East & Africa Elevator and Escalator Sales by Country (2019-2024)
8.1.2 Middle East & Africa Elevator and Escalator Revenue by Country (2019-2024)
8.2 Middle East & Africa Elevator and Escalator Sales by Type
8.3 Middle East & Africa Elevator and Escalator Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Elevator and Escalator
10.3 Manufacturing Process Analysis of Elevator and Escalator
10.4 Industry Chain Structure of Elevator and Escalator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Elevator and Escalator Distributors
11.3 Elevator and Escalator Customer
12 World Forecast Review for Elevator and Escalator by Geographic Region
12.1 Global Elevator and Escalator Market Size Forecast by Region
12.1.1 Global Elevator and Escalator Forecast by Region (2025-2030)
12.1.2 Global Elevator and Escalator Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Elevator and Escalator Forecast by Type
12.7 Global Elevator and Escalator Forecast by Application
13 Key Players Analysis
13.1 Otis
13.1.1 Otis Company Information
13.1.2 Otis Elevator and Escalator Product Portfolios and Specifications
13.1.3 Otis Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Otis Main Business Overview
13.1.5 Otis Latest Developments
13.2 Schindler Group
13.2.1 Schindler Group Company Information
13.2.2 Schindler Group Elevator and Escalator Product Portfolios and Specifications
13.2.3 Schindler Group Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Schindler Group Main Business Overview
13.2.5 Schindler Group Latest Developments
13.3 ThyssenKrupp
13.3.1 ThyssenKrupp Company Information
13.3.2 ThyssenKrupp Elevator and Escalator Product Portfolios and Specifications
13.3.3 ThyssenKrupp Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 ThyssenKrupp Main Business Overview
13.3.5 ThyssenKrupp Latest Developments
13.4 Kone
13.4.1 Kone Company Information
13.4.2 Kone Elevator and Escalator Product Portfolios and Specifications
13.4.3 Kone Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Kone Main Business Overview
13.4.5 Kone Latest Developments
13.5 Mitsubishi Electric
13.5.1 Mitsubishi Electric Company Information
13.5.2 Mitsubishi Electric Elevator and Escalator Product Portfolios and Specifications
13.5.3 Mitsubishi Electric Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Mitsubishi Electric Main Business Overview
13.5.5 Mitsubishi Electric Latest Developments
13.6 Toshiba
13.6.1 Toshiba Company Information
13.6.2 Toshiba Elevator and Escalator Product Portfolios and Specifications
13.6.3 Toshiba Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Toshiba Main Business Overview
13.6.5 Toshiba Latest Developments
13.7 Hitachi
13.7.1 Hitachi Company Information
13.7.2 Hitachi Elevator and Escalator Product Portfolios and Specifications
13.7.3 Hitachi Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Hitachi Main Business Overview
13.7.5 Hitachi Latest Developments
13.8 Fujitec
13.8.1 Fujitec Company Information
13.8.2 Fujitec Elevator and Escalator Product Portfolios and Specifications
13.8.3 Fujitec Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Fujitec Main Business Overview
13.8.5 Fujitec Latest Developments
13.9 Hyundai
13.9.1 Hyundai Company Information
13.9.2 Hyundai Elevator and Escalator Product Portfolios and Specifications
13.9.3 Hyundai Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Hyundai Main Business Overview
13.9.5 Hyundai Latest Developments
13.10 Yungtay Engineering
13.10.1 Yungtay Engineering Company Information
13.10.2 Yungtay Engineering Elevator and Escalator Product Portfolios and Specifications
13.10.3 Yungtay Engineering Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Yungtay Engineering Main Business Overview
13.10.5 Yungtay Engineering Latest Developments
13.11 Canny Elevator
13.11.1 Canny Elevator Company Information
13.11.2 Canny Elevator Elevator and Escalator Product Portfolios and Specifications
13.11.3 Canny Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Canny Elevator Main Business Overview
13.11.5 Canny Elevator Latest Developments
13.12 Volkslift
13.12.1 Volkslift Company Information
13.12.2 Volkslift Elevator and Escalator Product Portfolios and Specifications
13.12.3 Volkslift Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Volkslift Main Business Overview
13.12.5 Volkslift Latest Developments
13.13 Syney Elevator
13.13.1 Syney Elevator Company Information
13.13.2 Syney Elevator Elevator and Escalator Product Portfolios and Specifications
13.13.3 Syney Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Syney Elevator Main Business Overview
13.13.5 Syney Elevator Latest Developments
13.14 Sicher Elevator
13.14.1 Sicher Elevator Company Information
13.14.2 Sicher Elevator Elevator and Escalator Product Portfolios and Specifications
13.14.3 Sicher Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Sicher Elevator Main Business Overview
13.14.5 Sicher Elevator Latest Developments
13.15 SJEC
13.15.1 SJEC Company Information
13.15.2 SJEC Elevator and Escalator Product Portfolios and Specifications
13.15.3 SJEC Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 SJEC Main Business Overview
13.15.5 SJEC Latest Developments
13.16 Guangri Elevator
13.16.1 Guangri Elevator Company Information
13.16.2 Guangri Elevator Elevator and Escalator Product Portfolios and Specifications
13.16.3 Guangri Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Guangri Elevator Main Business Overview
13.16.5 Guangri Elevator Latest Developments
13.17 Hangzhou XiOlift
13.17.1 Hangzhou XiOlift Company Information
13.17.2 Hangzhou XiOlift Elevator and Escalator Product Portfolios and Specifications
13.17.3 Hangzhou XiOlift Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 Hangzhou XiOlift Main Business Overview
13.17.5 Hangzhou XiOlift Latest Developments
13.18 Edunburgh Elevator
13.18.1 Edunburgh Elevator Company Information
13.18.2 Edunburgh Elevator Elevator and Escalator Product Portfolios and Specifications
13.18.3 Edunburgh Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Edunburgh Elevator Main Business Overview
13.18.5 Edunburgh Elevator Latest Developments
13.19 Suzhou Diao
13.19.1 Suzhou Diao Company Information
13.19.2 Suzhou Diao Elevator and Escalator Product Portfolios and Specifications
13.19.3 Suzhou Diao Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Suzhou Diao Main Business Overview
13.19.5 Suzhou Diao Latest Developments
13.20 CNYD
13.20.1 CNYD Company Information
13.20.2 CNYD Elevator and Escalator Product Portfolios and Specifications
13.20.3 CNYD Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 CNYD Main Business Overview
13.20.5 CNYD Latest Developments
13.21 Meilun Elevator
13.21.1 Meilun Elevator Company Information
13.21.2 Meilun Elevator Elevator and Escalator Product Portfolios and Specifications
13.21.3 Meilun Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Meilun Elevator Main Business Overview
13.21.5 Meilun Elevator Latest Developments
13.22 IFE Elevators
13.22.1 IFE Elevators Company Information
13.22.2 IFE Elevators Elevator and Escalator Product Portfolios and Specifications
13.22.3 IFE Elevators Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 IFE Elevators Main Business Overview
13.22.5 IFE Elevators Latest Developments
13.23 Joylive Elevator
13.23.1 Joylive Elevator Company Information
13.23.2 Joylive Elevator Elevator and Escalator Product Portfolios and Specifications
13.23.3 Joylive Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.23.4 Joylive Elevator Main Business Overview
13.23.5 Joylive Elevator Latest Developments
13.24 Dongnan Elevator
13.24.1 Dongnan Elevator Company Information
13.24.2 Dongnan Elevator Elevator and Escalator Product Portfolios and Specifications
13.24.3 Dongnan Elevator Elevator and Escalator Sales, Revenue, Price and Gross Margin (2019-2024)
13.24.4 Dongnan Elevator Main Business Overview
13.24.5 Dongnan Elevator Latest Developments
14 Research Findings and Conclusion
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*If Applicable.