The global elevators and escalators market size is expected to reach around US$13.7 Bn by the end of 2026 with CAGR of 7.8 % during the forecast period 2019 to 2026. Growing need for fast and convenient navigation in residential and commercial buildings has led to surge in installation of escalators and elevators. In addition, increasing demand for speedy transportation of luggage in the aircrafts and airplanes is projected to impact the global market growth of elevators and escalators positively.
Growth of the global elevators and escalators market is mainly bound by various macro-economic and micro-economic factors. As children, old aged people and arthritis patients experience pain and discomfort while climbing the long range of stairs, constructors are increasingly integrating enhanced solutions to travel through the building. Increasing demand for convenient and speedy mode of navigating through various levels of buildings will continue to boost installation of elevators and escalators globally. Installation of elevators and escalators also offers the differently-abled and physically disabled customers convenience in travelling through different floors. Elevators and escalators are commonly installed in the underground train stations, airports, and shopping malls. These factors are projected to impact the global market growth of elevators and escalators positively during the forecast period.
Attributed to rapid navigation through the multi-story buildings, installation of elevators and escalators will continue to increase. Growing need for fast progress and operations in various government agencies and banking institutions is further expected to rev up demand for elevators and escalators globally. As travelling through the elevators and escalators is a comparatively faster option, the employees can conveniently speed up the process and operations by navigating comparatively fast. A recent trend observed in the construction industry is that various commercial and residential buildings are increasingly installed with weatherproof elevators outside the building. Moreover, due to less space within, constructors are installing weatherproof elevators outside the building. These factors are expected to contribute towards the global market growth of elevators and escalators throughout the forecast period.
Elevators and Escalators are also witnessing increasing adoption in the aviation industry. While top to bottom escalators are installed for the passengers to travel to various levels of the building, constructors are also equipping the airports with flat escalators or the travolators. Installation of travolators enable the passengers to travel to their platform along with the heavy set of luggage. In addition, the inclined and moving travolators are also used for transporting the baggage to ships and aircrafts. As the requirement for speedy transportation of raw materials within a manufacturing industry increases, adoption of the travolators continue to witness significant demand in the factories. Growing need for transporting luggage and large number of people is projected to impact the global market growth of elevators and escalators positively.
Sales to Remain High through Commercial Application
Increasing demand for constructions has led to surge in the installation of new equipment in various buildings globally. In terms of revenue, the new equipment service type segment is projected to witness the highest growth, recording more than US$ 30,200 Mn by 2026-end. On the other hand, the maintenance & repair service type segment is projected to reflect a healthy CAGR during the forecast period.
By 2017-end, the commercial application segment is projected to generate significant revenue, recording more than US$ 10,300 Mn. In contrary, the industrial application segment is projected to reflect a healthy CAGR throughout the forecast period.
Market Players
Major players in the global market of elevators and escalators are 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 Co., Ltd., Canny Elevator, Kleeman Hellas SA and Shanghai Mechanical.
Segmentation:
Service Type
Application
Region
1. Global Economic Outlook
2. Global Market - Executive Summary
3. Global Market Overview
3.1. Introduction
3.1.1. Global Market Taxonomy
3.1.2. Global Market Definition
3.2. Global Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Market Y-o-Y Growth
3.3. Global Market Dynamics
3.4. Supply Chain
3.5. Life Cycle of Elevators Market Equipment
3.6. Leading Manufacturers of Elevators and their Production (in millions)
3.7. Porter's Five Forces Analysis
3.8. Distribution Channel Analysis
3.10. PESTLE Analysis
3.11. Region-wise Market Positioning Assessment
3.12. Key Participants Market Presence (Intensity Map by Region)
4. Global Market Analysis and Forecast 2012-2026
4.1. Global Market Size and Forecast By Service Type, 2012-2026
4.1.1. Maintenance & Repair Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Refurbishing Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. New Equipment Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.2. Global Market Size and Forecast By, 2012-2026
4.2.1. Residential Market Size and Forecast, 2012-2026
4.2.1.1. Revenue (US$ Mn) Comparison, By Region
4.2.1.2. Market Share Comparison, By Region
4.2.1.3. Y-o-Y growth Comparison, By Region
4.2.2. Commercial Market Size and Forecast, 2012-2026
4.2.2.1. Revenue (US$ Mn) Comparison, By Region
4.2.2.2. Market Share Comparison, By Region
4.2.2.3. Y-o-Y growth Comparison, By Region
4.2.3. Industrial Market Size and Forecast, 2012-2026
4.2.3.1. Revenue (US$ Mn) Comparison, By Region
4.2.3.2. Market Share Comparison, By Region
4.2.3.3. Y-o-Y growth Comparison, By Region
5. North America Market Size and Forecast, 2012-2026
5.1. North America Outlook
5.2. North America Parent Market Outlook
5.3. North America Target Market Outlook
5.4. Revenue (US$ Mn) Comparison, By Country
5.4.1. US Market Size and Forecast (US$ Mn), 2012-2026
5.4.2. Canada Market Size and Forecast (US$ Mn), 2012-2026
5.5. Revenue (US$ Mn) Comparison, By Service Type
5.6. Revenue (US$ Mn) Comparison, By
6. Latin America Market Size and Forecast, 2012-2026
6.1. Latin America Outlook
6.2. Latin America Parent Market Outlook
6.3. Latin America Target Market Outlook
6.4. Revenue (US$ Mn) Comparison, By Country
6.4.1. Brazil Market Size and Forecast (US$ Mn), 2012-2026
6.4.2. Mexico Market Size and Forecast (US$ Mn), 2012-2026
6.4.3. Argentina Market Size and Forecast (US$ Mn), 2012-2026
6.5. Revenue (US$ Mn) Comparison, By Service Type
6.6. Revenue (US$ Mn) Comparison, By
7. Europe Market Size and Forecast, 2012-2026
7.1. Europe Outlook
7.2. Europe Parent Market Outlook
7.3. Europe Target Market Outlook
7.4. Revenue (US$ Mn) Comparison, By Country
7.4.1. Germany Market Size and Forecast (US$ Mn), 2012-2026
7.4.2. UK Market Size and Forecast (US$ Mn), 2012-2026
7.4.3. France Market Size and Forecast (US$ Mn), 2012-2026
7.4.4. Spain Market Size and Forecast (US$ Mn), 2012-2026
7.4.5. Italy Market Size and Forecast (US$ Mn), 2012-2026
7.4.6. Nordic Market Size and Forecast (US$ Mn), 2012-2026
7.5. Revenue (US$ Mn) Comparison, By Service Type
7.6. Revenue (US$ Mn) Comparison, By
8. Japan Market Size and Forecast, 2012-2026
8.1. Japan Outlook
8.2. Japan Parent Market Outlook
8.3. Japan Target Market Outlook
8.4. Revenue (US$ Mn) Comparison, By Country
8.4.1. Japan Market Size and Forecast (US$ Mn), 2012-2026
8.5. Revenue (US$ Mn) Comparison, By Service Type
8.6. Revenue (US$ Mn) Comparison, By
9. APEJ Market Size and Forecast, 2012-2026
9.1. APEJ Outlook
9.2. APEJ Parent Market Outlook
9.3. APEJ Target Market Outlook
9.4. Revenue (US$ Mn) Comparison, By Country
9.4.1. China Market Size and Forecast (US$ Mn), 2012-2026
9.4.2. India Market Size and Forecast (US$ Mn), 2012-2026
9.4.3. Australia & New Zealand Market Size and Forecast (US$ Mn), 2012-2026
9.4.4. ASEAN Market Size and Forecast (US$ Mn), 2012-2026
9.4.5. Rest of APEJ Market Size and Forecast (US$ Mn), 2012-2026
9.5. Revenue (US$ Mn) Comparison, By Service Type
9.6. Revenue (US$ Mn) Comparison, By
10. MEA Market Size and Forecast, 2012-2026
10.1. MEA Outlook
10.2. MEA Parent Market Outlook
10.3. MEA Target Market Outlook
10.4. Revenue (US$ Mn) Comparison, By Country
10.4.1. GCC Countries Market Size and Forecast (US$ Mn), 2012-2026
10.4.2. South Africa Market Size and Forecast (US$ Mn), 2012-2026
10.4.3. Rest of MEA Market Size and Forecast (US$ Mn), 2012-2026
10.5. Revenue (US$ Mn) Comparison, By Service Type
10.6. Revenue (US$ Mn) Comparison, By
11. Global Market Company Share, Competition Landscape and Company Profiles
11.1. Company Share Analysis
11.2. Competition Landscape
11.3. Company Profiles
11.3.1. Otis Elevator Company
11.3.2. Kone Corporation
11.3.3. Schindler Group
11.3.4. Thyssenkrupp AG
11.3.5. Fujitec
11.3.6. Hitachi, Ltd.
11.3.7. Mitsubishi Electric Corporation
11.3.8. Toshiba Elevators and Building Systems Corporation
11.3.9. Hyundai Elevator Co., Ltd.
11.3.10. Johnson Lifts Private Limited
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
15. Disclaimer
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers