An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
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 global Elevators and Escalators market was valued at US$ 35120 million in 2023 and is anticipated to reach US$ 44910 million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Elevators and Escalators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevators and Escalators.
Report Scope
The Elevators and Escalators market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Elevators and Escalators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Elevators and Escalators manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Kone Corporation
Otis Elevator Company
Thyssenkrupp AG
Schindler Group
Hitachi, Ltd.
Fujitec
Toshiba Elevators and Building Systems Corporation
Mitsubishi Electric Corporation
SJEC Corporation
Hyundai Elevator
Kleeman Hellas SA
Canny Elevator
Segment by Type
Elevators
Escalators
Segment by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Elevators and Escalators manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Elevators and Escalators by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Elevators and Escalators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Elevators and Escalators Market Overview
1.1 Product Definition
1.2 Elevators and Escalators Segment by Type
1.2.1 Global Elevators and Escalators Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Elevators
1.2.3 Escalators
1.3 Elevators and Escalators Segment by Application
1.3.1 Global Elevators and Escalators Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Global Market Growth Prospects
1.4.1 Global Elevators and Escalators Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Elevators and Escalators Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Elevators and Escalators Production Estimates and Forecasts (2019-2030)
1.4.4 Global Elevators and Escalators Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Elevators and Escalators Production Market Share by Manufacturers (2019-2024)
2.2 Global Elevators and Escalators Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Elevators and Escalators, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Elevators and Escalators Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Elevators and Escalators Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Elevators and Escalators, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Elevators and Escalators, Product Offered and Application
2.8 Global Key Manufacturers of Elevators and Escalators, Date of Enter into This Industry
2.9 Elevators and Escalators Market Competitive Situation and Trends
2.9.1 Elevators and Escalators Market Concentration Rate
2.9.2 Global 5 and 10 Largest Elevators and Escalators Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Elevators and Escalators Production by Region
3.1 Global Elevators and Escalators Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Elevators and Escalators Production Value by Region (2019-2030)
3.2.1 Global Elevators and Escalators Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Elevators and Escalators by Region (2025-2030)
3.3 Global Elevators and Escalators Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Elevators and Escalators Production by Region (2019-2030)
3.4.1 Global Elevators and Escalators Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Elevators and Escalators by Region (2025-2030)
3.5 Global Elevators and Escalators Market Price Analysis by Region (2019-2024)
3.6 Global Elevators and Escalators Production and Value, Year-over-Year Growth
3.6.1 North America Elevators and Escalators Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Elevators and Escalators Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Elevators and Escalators Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Elevators and Escalators Production Value Estimates and Forecasts (2019-2030)
4 Elevators and Escalators Consumption by Region
4.1 Global Elevators and Escalators Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Elevators and Escalators Consumption by Region (2019-2030)
4.2.1 Global Elevators and Escalators Consumption by Region (2019-2024)
4.2.2 Global Elevators and Escalators Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Elevators and Escalators Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Elevators and Escalators Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Elevators and Escalators Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Elevators and Escalators Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Elevators and Escalators Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Elevators and Escalators Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Elevators and Escalators Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Elevators and Escalators Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Elevators and Escalators Production by Type (2019-2030)
5.1.1 Global Elevators and Escalators Production by Type (2019-2024)
5.1.2 Global Elevators and Escalators Production by Type (2025-2030)
5.1.3 Global Elevators and Escalators Production Market Share by Type (2019-2030)
5.2 Global Elevators and Escalators Production Value by Type (2019-2030)
5.2.1 Global Elevators and Escalators Production Value by Type (2019-2024)
5.2.2 Global Elevators and Escalators Production Value by Type (2025-2030)
5.2.3 Global Elevators and Escalators Production Value Market Share by Type (2019-2030)
5.3 Global Elevators and Escalators Price by Type (2019-2030)
6 Segment by Application
6.1 Global Elevators and Escalators Production by Application (2019-2030)
6.1.1 Global Elevators and Escalators Production by Application (2019-2024)
6.1.2 Global Elevators and Escalators Production by Application (2025-2030)
6.1.3 Global Elevators and Escalators Production Market Share by Application (2019-2030)
6.2 Global Elevators and Escalators Production Value by Application (2019-2030)
6.2.1 Global Elevators and Escalators Production Value by Application (2019-2024)
6.2.2 Global Elevators and Escalators Production Value by Application (2025-2030)
6.2.3 Global Elevators and Escalators Production Value Market Share by Application (2019-2030)
6.3 Global Elevators and Escalators Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Kone Corporation
7.1.1 Kone Corporation Elevators and Escalators Corporation Information
7.1.2 Kone Corporation Elevators and Escalators Product Portfolio
7.1.3 Kone Corporation Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Kone Corporation Main Business and Markets Served
7.1.5 Kone Corporation Recent Developments/Updates
7.2 Otis Elevator Company
7.2.1 Otis Elevator Company Elevators and Escalators Corporation Information
7.2.2 Otis Elevator Company Elevators and Escalators Product Portfolio
7.2.3 Otis Elevator Company Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Otis Elevator Company Main Business and Markets Served
7.2.5 Otis Elevator Company Recent Developments/Updates
7.3 Thyssenkrupp AG
7.3.1 Thyssenkrupp AG Elevators and Escalators Corporation Information
7.3.2 Thyssenkrupp AG Elevators and Escalators Product Portfolio
7.3.3 Thyssenkrupp AG Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Thyssenkrupp AG Main Business and Markets Served
7.3.5 Thyssenkrupp AG Recent Developments/Updates
7.4 Schindler Group
7.4.1 Schindler Group Elevators and Escalators Corporation Information
7.4.2 Schindler Group Elevators and Escalators Product Portfolio
7.4.3 Schindler Group Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Schindler Group Main Business and Markets Served
7.4.5 Schindler Group Recent Developments/Updates
7.5 Hitachi, Ltd.
7.5.1 Hitachi, Ltd. Elevators and Escalators Corporation Information
7.5.2 Hitachi, Ltd. Elevators and Escalators Product Portfolio
7.5.3 Hitachi, Ltd. Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Hitachi, Ltd. Main Business and Markets Served
7.5.5 Hitachi, Ltd. Recent Developments/Updates
7.6 Fujitec
7.6.1 Fujitec Elevators and Escalators Corporation Information
7.6.2 Fujitec Elevators and Escalators Product Portfolio
7.6.3 Fujitec Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Fujitec Main Business and Markets Served
7.6.5 Fujitec Recent Developments/Updates
7.7 Toshiba Elevators and Building Systems Corporation
7.7.1 Toshiba Elevators and Building Systems Corporation Elevators and Escalators Corporation Information
7.7.2 Toshiba Elevators and Building Systems Corporation Elevators and Escalators Product Portfolio
7.7.3 Toshiba Elevators and Building Systems Corporation Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Toshiba Elevators and Building Systems Corporation Main Business and Markets Served
7.7.5 Toshiba Elevators and Building Systems Corporation Recent Developments/Updates
7.8 Mitsubishi Electric Corporation
7.8.1 Mitsubishi Electric Corporation Elevators and Escalators Corporation Information
7.8.2 Mitsubishi Electric Corporation Elevators and Escalators Product Portfolio
7.8.3 Mitsubishi Electric Corporation Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Mitsubishi Electric Corporation Main Business and Markets Served
7.7.5 Mitsubishi Electric Corporation Recent Developments/Updates
7.9 SJEC Corporation
7.9.1 SJEC Corporation Elevators and Escalators Corporation Information
7.9.2 SJEC Corporation Elevators and Escalators Product Portfolio
7.9.3 SJEC Corporation Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.9.4 SJEC Corporation Main Business and Markets Served
7.9.5 SJEC Corporation Recent Developments/Updates
7.10 Hyundai Elevator
7.10.1 Hyundai Elevator Elevators and Escalators Corporation Information
7.10.2 Hyundai Elevator Elevators and Escalators Product Portfolio
7.10.3 Hyundai Elevator Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Hyundai Elevator Main Business and Markets Served
7.10.5 Hyundai Elevator Recent Developments/Updates
7.11 Kleeman Hellas SA
7.11.1 Kleeman Hellas SA Elevators and Escalators Corporation Information
7.11.2 Kleeman Hellas SA Elevators and Escalators Product Portfolio
7.11.3 Kleeman Hellas SA Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Kleeman Hellas SA Main Business and Markets Served
7.11.5 Kleeman Hellas SA Recent Developments/Updates
7.12 Canny Elevator
7.12.1 Canny Elevator Elevators and Escalators Corporation Information
7.12.2 Canny Elevator Elevators and Escalators Product Portfolio
7.12.3 Canny Elevator Elevators and Escalators Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Canny Elevator Main Business and Markets Served
7.12.5 Canny Elevator Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Elevators and Escalators Industry Chain Analysis
8.2 Elevators and Escalators Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Elevators and Escalators Production Mode & Process
8.4 Elevators and Escalators Sales and Marketing
8.4.1 Elevators and Escalators Sales Channels
8.4.2 Elevators and Escalators Distributors
8.5 Elevators and Escalators Customers
9 Elevators and Escalators Market Dynamics
9.1 Elevators and Escalators Industry Trends
9.2 Elevators and Escalators Market Drivers
9.3 Elevators and Escalators Market Challenges
9.4 Elevators and Escalators Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Kone Corporation
Otis Elevator Company
Thyssenkrupp AG
Schindler Group
Hitachi, Ltd.
Fujitec
Toshiba Elevators and Building Systems Corporation
Mitsubishi Electric Corporation
SJEC Corporation
Hyundai Elevator
Kleeman Hellas SA
Canny Elevator
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*If Applicable.