

The global Elevator And Escalator Solution market size is predicted to grow from US$ 39510 million in 2025 to US$ 54470 million in 2031; it is expected to grow at a CAGR of 5.5% from 2025 to 2031.
According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
The “Elevator And Escalator Solution Industry Forecast” looks at past sales and reviews total world Elevator And Escalator Solution sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator And Escalator Solution sales for 2025 through 2031. With Elevator And Escalator Solution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator And Escalator Solution industry.
This Insight Report provides a comprehensive analysis of the global Elevator And Escalator Solution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator And Escalator Solution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator And Escalator Solution market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator And Escalator Solution and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator And Escalator Solution.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator And Escalator Solution market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Elevator
Escalator
Segmentation by Application:
Shopping Mall
Office Building
Residential Building
Others
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 analysing the company's coverage, product portfolio, its market penetration.
Inovance Technology
Mitsubishi Electric
TE Connectivity
Fujitec
AKE Elevators and Escalators
±峾ü
Toshiba
Nidec Kinetek Elevator Technology (Wuxi) Corporation.
Otis
Schindler Group
ThyssenKrupp
Kone
Hitachi
Hyundai
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator And Escalator Solution market?
What factors are driving Elevator And Escalator Solution market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator And Escalator Solution market opportunities vary by end market size?
How does Elevator And Escalator Solution break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
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 Solution Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Elevator And Escalator Solution by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Elevator And Escalator Solution by Country/Region, 2020, 2024 & 2031
2.2 Elevator And Escalator Solution Segment by Type
2.2.1 Elevator
2.2.2 Escalator
2.3 Elevator And Escalator Solution Sales by Type
2.3.1 Global Elevator And Escalator Solution Sales Market Share by Type (2020-2025)
2.3.2 Global Elevator And Escalator Solution Revenue and Market Share by Type (2020-2025)
2.3.3 Global Elevator And Escalator Solution Sale Price by Type (2020-2025)
2.4 Elevator And Escalator Solution Segment by Application
2.4.1 Shopping Mall
2.4.2 Office Building
2.4.3 Residential Building
2.4.4 Others
2.5 Elevator And Escalator Solution Sales by Application
2.5.1 Global Elevator And Escalator Solution Sale Market Share by Application (2020-2025)
2.5.2 Global Elevator And Escalator Solution Revenue and Market Share by Application (2020-2025)
2.5.3 Global Elevator And Escalator Solution Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Elevator And Escalator Solution Breakdown Data by Company
3.1.1 Global Elevator And Escalator Solution Annual Sales by Company (2020-2025)
3.1.2 Global Elevator And Escalator Solution Sales Market Share by Company (2020-2025)
3.2 Global Elevator And Escalator Solution Annual Revenue by Company (2020-2025)
3.2.1 Global Elevator And Escalator Solution Revenue by Company (2020-2025)
3.2.2 Global Elevator And Escalator Solution Revenue Market Share by Company (2020-2025)
3.3 Global Elevator And Escalator Solution Sale Price by Company
3.4 Key Manufacturers Elevator And Escalator Solution Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Elevator And Escalator Solution Product Location Distribution
3.4.2 Players Elevator And Escalator Solution Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Elevator And Escalator Solution by Geographic Region
4.1 World Historic Elevator And Escalator Solution Market Size by Geographic Region (2020-2025)
4.1.1 Global Elevator And Escalator Solution Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Elevator And Escalator Solution Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Elevator And Escalator Solution Market Size by Country/Region (2020-2025)
4.2.1 Global Elevator And Escalator Solution Annual Sales by Country/Region (2020-2025)
4.2.2 Global Elevator And Escalator Solution Annual Revenue by Country/Region (2020-2025)
4.3 Americas Elevator And Escalator Solution Sales Growth
4.4 APAC Elevator And Escalator Solution Sales Growth
4.5 Europe Elevator And Escalator Solution Sales Growth
4.6 Middle East & Africa Elevator And Escalator Solution Sales Growth
5 Americas
5.1 Americas Elevator And Escalator Solution Sales by Country
5.1.1 Americas Elevator And Escalator Solution Sales by Country (2020-2025)
5.1.2 Americas Elevator And Escalator Solution Revenue by Country (2020-2025)
5.2 Americas Elevator And Escalator Solution Sales by Type (2020-2025)
5.3 Americas Elevator And Escalator Solution Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator And Escalator Solution Sales by Region
6.1.1 APAC Elevator And Escalator Solution Sales by Region (2020-2025)
6.1.2 APAC Elevator And Escalator Solution Revenue by Region (2020-2025)
6.2 APAC Elevator And Escalator Solution Sales by Type (2020-2025)
6.3 APAC Elevator And Escalator Solution Sales by Application (2020-2025)
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 Solution by Country
7.1.1 Europe Elevator And Escalator Solution Sales by Country (2020-2025)
7.1.2 Europe Elevator And Escalator Solution Revenue by Country (2020-2025)
7.2 Europe Elevator And Escalator Solution Sales by Type (2020-2025)
7.3 Europe Elevator And Escalator Solution Sales by Application (2020-2025)
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 Solution by Country
8.1.1 Middle East & Africa Elevator And Escalator Solution Sales by Country (2020-2025)
8.1.2 Middle East & Africa Elevator And Escalator Solution Revenue by Country (2020-2025)
8.2 Middle East & Africa Elevator And Escalator Solution Sales by Type (2020-2025)
8.3 Middle East & Africa Elevator And Escalator Solution Sales by Application (2020-2025)
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 Solution
10.3 Manufacturing Process Analysis of Elevator And Escalator Solution
10.4 Industry Chain Structure of Elevator And Escalator Solution
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Elevator And Escalator Solution Distributors
11.3 Elevator And Escalator Solution Customer
12 World Forecast Review for Elevator And Escalator Solution by Geographic Region
12.1 Global Elevator And Escalator Solution Market Size Forecast by Region
12.1.1 Global Elevator And Escalator Solution Forecast by Region (2026-2031)
12.1.2 Global Elevator And Escalator Solution Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Elevator And Escalator Solution Forecast by Type (2026-2031)
12.7 Global Elevator And Escalator Solution Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Inovance Technology
13.1.1 Inovance Technology Company Information
13.1.2 Inovance Technology Elevator And Escalator Solution Product Portfolios and Specifications
13.1.3 Inovance Technology Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Inovance Technology Main Business Overview
13.1.5 Inovance Technology Latest Developments
13.2 Mitsubishi Electric
13.2.1 Mitsubishi Electric Company Information
13.2.2 Mitsubishi Electric Elevator And Escalator Solution Product Portfolios and Specifications
13.2.3 Mitsubishi Electric Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Mitsubishi Electric Main Business Overview
13.2.5 Mitsubishi Electric Latest Developments
13.3 TE Connectivity
13.3.1 TE Connectivity Company Information
13.3.2 TE Connectivity Elevator And Escalator Solution Product Portfolios and Specifications
13.3.3 TE Connectivity Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 TE Connectivity Main Business Overview
13.3.5 TE Connectivity Latest Developments
13.4 Fujitec
13.4.1 Fujitec Company Information
13.4.2 Fujitec Elevator And Escalator Solution Product Portfolios and Specifications
13.4.3 Fujitec Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Fujitec Main Business Overview
13.4.5 Fujitec Latest Developments
13.5 AKE Elevators and Escalators
13.5.1 AKE Elevators and Escalators Company Information
13.5.2 AKE Elevators and Escalators Elevator And Escalator Solution Product Portfolios and Specifications
13.5.3 AKE Elevators and Escalators Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 AKE Elevators and Escalators Main Business Overview
13.5.5 AKE Elevators and Escalators Latest Developments
13.6 ±峾ü
13.6.1 ±峾ü Company Information
13.6.2 ±峾ü Elevator And Escalator Solution Product Portfolios and Specifications
13.6.3 ±峾ü Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 ±峾ü Main Business Overview
13.6.5 ±峾ü Latest Developments
13.7 Toshiba
13.7.1 Toshiba Company Information
13.7.2 Toshiba Elevator And Escalator Solution Product Portfolios and Specifications
13.7.3 Toshiba Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Toshiba Main Business Overview
13.7.5 Toshiba Latest Developments
13.8 Nidec Kinetek Elevator Technology (Wuxi) Corporation.
13.8.1 Nidec Kinetek Elevator Technology (Wuxi) Corporation. Company Information
13.8.2 Nidec Kinetek Elevator Technology (Wuxi) Corporation. Elevator And Escalator Solution Product Portfolios and Specifications
13.8.3 Nidec Kinetek Elevator Technology (Wuxi) Corporation. Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Nidec Kinetek Elevator Technology (Wuxi) Corporation. Main Business Overview
13.8.5 Nidec Kinetek Elevator Technology (Wuxi) Corporation. Latest Developments
13.9 Otis
13.9.1 Otis Company Information
13.9.2 Otis Elevator And Escalator Solution Product Portfolios and Specifications
13.9.3 Otis Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Otis Main Business Overview
13.9.5 Otis Latest Developments
13.10 Schindler Group
13.10.1 Schindler Group Company Information
13.10.2 Schindler Group Elevator And Escalator Solution Product Portfolios and Specifications
13.10.3 Schindler Group Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Schindler Group Main Business Overview
13.10.5 Schindler Group Latest Developments
13.11 ThyssenKrupp
13.11.1 ThyssenKrupp Company Information
13.11.2 ThyssenKrupp Elevator And Escalator Solution Product Portfolios and Specifications
13.11.3 ThyssenKrupp Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 ThyssenKrupp Main Business Overview
13.11.5 ThyssenKrupp Latest Developments
13.12 Kone
13.12.1 Kone Company Information
13.12.2 Kone Elevator And Escalator Solution Product Portfolios and Specifications
13.12.3 Kone Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Kone Main Business Overview
13.12.5 Kone Latest Developments
13.13 Hitachi
13.13.1 Hitachi Company Information
13.13.2 Hitachi Elevator And Escalator Solution Product Portfolios and Specifications
13.13.3 Hitachi Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Hitachi Main Business Overview
13.13.5 Hitachi Latest Developments
13.14 Hyundai
13.14.1 Hyundai Company Information
13.14.2 Hyundai Elevator And Escalator Solution Product Portfolios and Specifications
13.14.3 Hyundai Elevator And Escalator Solution Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Hyundai Main Business Overview
13.14.5 Hyundai Latest Developments
14 Research Findings and Conclusion
*If Applicable.