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Global Elevators & Escalators Market Research Report 2024
Synopsis
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 & 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.
Global Elevator and Escalator key players include Otis, Schindler, ThyssenKrupp, Kone, Mitsubishi Electric, etc. Global top five manufacturers hold a share over 50%.
China is the largest market, with a share about 70%, followed by Europe, and North America, both have a share over 20 percent.
In terms of product, Elevator is the largest segment, with a share over 80%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub, Industrial Area, etc.
This report aims to provide a comprehensive presentation of the global market for Elevators & 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 & Escalators.
Report Scope
The Elevators & Escalators market size, estimations, and forecasts are provided in terms of 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 & 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 & Escalators companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
Thyssenkrupp
United Technologies
Schindler
Hitachi
Hyundai Elevator
Toshiba
Mitsubishi Electric
Fujitec
Electra
Segment by Type
Elevators
Escalators
Moving Walkways
Segment by Application
Residential Sector
Institutional Sector
Commercial Sector
Infrastructural Sector
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Elevators & Escalators companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 & 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.
Global Elevator and Escalator key players include Otis, Schindler, ThyssenKrupp, Kone, Mitsubishi Electric, etc. Global top five manufacturers hold a share over 50%.
China is the largest market, with a share about 70%, followed by Europe, and North America, both have a share over 20 percent.
In terms of product, Elevator is the largest segment, with a share over 80%. And in terms of application, the largest application is Residential Area, followed by Commercial Office, Transportation Hub, Industrial Area, etc.
This report aims to provide a comprehensive presentation of the global market for Elevators & 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 & Escalators.
Report Scope
The Elevators & Escalators market size, estimations, and forecasts are provided in terms of 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 & 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 & Escalators companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
Thyssenkrupp
United Technologies
Schindler
Hitachi
Hyundai Elevator
Toshiba
Mitsubishi Electric
Fujitec
Electra
Segment by Type
Elevators
Escalators
Moving Walkways
Segment by Application
Residential Sector
Institutional Sector
Commercial Sector
Infrastructural Sector
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Elevators & Escalators companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Elevators & Escalators Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Elevators
1.2.3 Escalators
1.2.4 Moving Walkways
1.3 Market by Application
1.3.1 Global Elevators & Escalators Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Residential Sector
1.3.3 Institutional Sector
1.3.4 Commercial Sector
1.3.5 Infrastructural Sector
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Elevators & Escalators Market Perspective (2019-2030)
2.2 Elevators & Escalators Growth Trends by Region
2.2.1 Global Elevators & Escalators Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Elevators & Escalators Historic Market Size by Region (2019-2024)
2.2.3 Elevators & Escalators Forecasted Market Size by Region (2025-2030)
2.3 Elevators & Escalators Market Dynamics
2.3.1 Elevators & Escalators Industry Trends
2.3.2 Elevators & Escalators Market Drivers
2.3.3 Elevators & Escalators Market Challenges
2.3.4 Elevators & Escalators Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Elevators & Escalators Players by Revenue
3.1.1 Global Top Elevators & Escalators Players by Revenue (2019-2024)
3.1.2 Global Elevators & Escalators Revenue Market Share by Players (2019-2024)
3.2 Global Elevators & Escalators Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Elevators & Escalators Revenue
3.4 Global Elevators & Escalators Market Concentration Ratio
3.4.1 Global Elevators & Escalators Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Elevators & Escalators Revenue in 2023
3.5 Elevators & Escalators Key Players Head office and Area Served
3.6 Key Players Elevators & Escalators Product Solution and Service
3.7 Date of Enter into Elevators & Escalators Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Elevators & Escalators Breakdown Data by Type
4.1 Global Elevators & Escalators Historic Market Size by Type (2019-2024)
4.2 Global Elevators & Escalators Forecasted Market Size by Type (2025-2030)
5 Elevators & Escalators Breakdown Data by Application
5.1 Global Elevators & Escalators Historic Market Size by Application (2019-2024)
5.2 Global Elevators & Escalators Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Elevators & Escalators Market Size (2019-2030)
6.2 North America Elevators & Escalators Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Elevators & Escalators Market Size by Country (2019-2024)
6.4 North America Elevators & Escalators Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Elevators & Escalators Market Size (2019-2030)
7.2 Europe Elevators & Escalators Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Elevators & Escalators Market Size by Country (2019-2024)
7.4 Europe Elevators & Escalators Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Elevators & Escalators Market Size (2019-2030)
8.2 Asia-Pacific Elevators & Escalators Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Elevators & Escalators Market Size by Region (2019-2024)
8.4 Asia-Pacific Elevators & Escalators Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Elevators & Escalators Market Size (2019-2030)
9.2 Latin America Elevators & Escalators Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Elevators & Escalators Market Size by Country (2019-2024)
9.4 Latin America Elevators & Escalators Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Elevators & Escalators Market Size (2019-2030)
10.2 Middle East & Africa Elevators & Escalators Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Elevators & Escalators Market Size by Country (2019-2024)
10.4 Middle East & Africa Elevators & Escalators Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Kone
11.1.1 Kone Company Detail
11.1.2 Kone Business Overview
11.1.3 Kone Elevators & Escalators Introduction
11.1.4 Kone Revenue in Elevators & Escalators Business (2019-2024)
11.1.5 Kone Recent Development
11.2 Thyssenkrupp
11.2.1 Thyssenkrupp Company Detail
11.2.2 Thyssenkrupp Business Overview
11.2.3 Thyssenkrupp Elevators & Escalators Introduction
11.2.4 Thyssenkrupp Revenue in Elevators & Escalators Business (2019-2024)
11.2.5 Thyssenkrupp Recent Development
11.3 United Technologies
11.3.1 United Technologies Company Detail
11.3.2 United Technologies Business Overview
11.3.3 United Technologies Elevators & Escalators Introduction
11.3.4 United Technologies Revenue in Elevators & Escalators Business (2019-2024)
11.3.5 United Technologies Recent Development
11.4 Schindler
11.4.1 Schindler Company Detail
11.4.2 Schindler Business Overview
11.4.3 Schindler Elevators & Escalators Introduction
11.4.4 Schindler Revenue in Elevators & Escalators Business (2019-2024)
11.4.5 Schindler Recent Development
11.5 Hitachi
11.5.1 Hitachi Company Detail
11.5.2 Hitachi Business Overview
11.5.3 Hitachi Elevators & Escalators Introduction
11.5.4 Hitachi Revenue in Elevators & Escalators Business (2019-2024)
11.5.5 Hitachi Recent Development
11.6 Hyundai Elevator
11.6.1 Hyundai Elevator Company Detail
11.6.2 Hyundai Elevator Business Overview
11.6.3 Hyundai Elevator Elevators & Escalators Introduction
11.6.4 Hyundai Elevator Revenue in Elevators & Escalators Business (2019-2024)
11.6.5 Hyundai Elevator Recent Development
11.7 Toshiba
11.7.1 Toshiba Company Detail
11.7.2 Toshiba Business Overview
11.7.3 Toshiba Elevators & Escalators Introduction
11.7.4 Toshiba Revenue in Elevators & Escalators Business (2019-2024)
11.7.5 Toshiba Recent Development
11.8 Mitsubishi Electric
11.8.1 Mitsubishi Electric Company Detail
11.8.2 Mitsubishi Electric Business Overview
11.8.3 Mitsubishi Electric Elevators & Escalators Introduction
11.8.4 Mitsubishi Electric Revenue in Elevators & Escalators Business (2019-2024)
11.8.5 Mitsubishi Electric Recent Development
11.9 Fujitec
11.9.1 Fujitec Company Detail
11.9.2 Fujitec Business Overview
11.9.3 Fujitec Elevators & Escalators Introduction
11.9.4 Fujitec Revenue in Elevators & Escalators Business (2019-2024)
11.9.5 Fujitec Recent Development
11.10 Electra
11.10.1 Electra Company Detail
11.10.2 Electra Business Overview
11.10.3 Electra Elevators & Escalators Introduction
11.10.4 Electra Revenue in Elevators & Escalators Business (2019-2024)
11.10.5 Electra Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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