Global Elevator And Escalator Market Outlook (2024-2030) | Size, Share, Trend, Growth, Forecast Revenue, Analysis & Outlook
Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape. And Competitive Landscape
| Product Code: ETC150142 | Publication Date: Jul 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Global Elevator and Escalator Market Highlights
| Report Name | Global Elevator and Escalator Market |
| Forecast period | 2024-2030 |
| CAGR | 7.5% |
| Growing Sector | Commercial, Industrial, and Residential |
Topics Covered in Global Elevator and Escalator Market Report
The Global Elevator and Escalator Market Report thoroughly covers the market By Regions, By Types, By Services, and By End-User. The Global Elevator and Escalator Market Outlook report provides an unbiased and detailed analysis of the ongoing Global Elevator and Escalator Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Global Elevator and Escalator Market Synopsis
Global Elevator And Escalator Market is experiencing significant growth, driven by rapid urbanization and the consequent rise in high-rise constructions. With increasing population densities in urban areas, the demand for efficient vertical transportation solutions has soared. Technological advancements, such as smart elevators equipped with destination control systems and energy-efficient designs, are further propelling the Global Elevator and Escalator Market Growth. Additionally, the growing emphasis on safety and compliance with stringent building codes is encouraging the modernization and maintenance of existing systems.
According to 6Wresearch, the Global Elevator and Escalator Market size is expected to grow at a robust pace, reaching at a CAGR of 7.5% during 2024-2030. One of the primary growth factors is the surge in high-rise residential and commercial buildings fueled by rapid urbanization. Trends such as the integration of IoT and AI in elevator systems are playing a significant role in market expansion, offering enhanced efficiency, predictive maintenance, and improved user experiences. However, challenges such as high installation costs and the complexity of upgrade processes can impede market progress. Additionally, stringent government regulations and the need for compliance with safety standards pose significant hurdles. Despite these challenges, emerging opportunities in infrastructure development across developing nations, coupled with the need to modernize aging elevator systems in mature markets, provide further opportunities for growth. The industry is also seeing a rise in demand for eco-friendly solutions and energy-efficient systems that align with global sustainability goals, paving the way for innovative and greener vertical transportation solutions.
Global Elevator and Escalator Market: Government Initiatives
Government initiatives play a pivotal role in shaping the landscape of Global Elevator and Escalator Market. Numerous countries are implementing policies and regulations to promote urbanization and improve infrastructure, leading to increased demand for vertical transportation systems. Governments are also focusing on ensuring safety standards and energy efficiency in these installations, which drives technological advancements within the industry. Incentives and subsidies for green buildings further boost the market as developers seek to incorporate eco-friendly elevators and escalators into their designs.
Future Insights of the Global Elevator and Escalator Market
The future of the Global Elevator and Escalator Market looks promising, with several trends poised to influence its growth. The rising focus on smart cities will increase the demand for advanced and connected elevator systems that integrate seamlessly with building management systems. High-rise buildings, especially in urban areas, remain a significant driver as they necessitate robust vertical transportation solutions. Moreover, the adoption of artificial intelligence and the Internet of Things (IoT) in elevators and escalators will revolutionize predictive maintenance and user experience, offering enhanced efficiency and reliability.
Global Elevator and Escalator Market: Leading Players
The global elevator and escalator market share is dominated by several key players who drive innovation and set industry standards. Companies like Otis Elevator Company, Schindler Group, ThyssenKrupp AG, and KONE Corporation are at the forefront, constantly pushing the envelope with cutting-edge technologies and comprehensive service offerings. These leading players are instrumental in shaping market dynamics through strategic partnerships, mergers, and acquisitions, and they maintain strong regional and international market presences.
Market Analysis by Type
According to Dhaval, Research Manager, 6Wresearch, elevators are the highest revenue-generating segment in the Elevator and Escalator market. Additionally, moving walkways have witnessed significant growth in the global market due to the expansion of airports, malls, hospitals, commercial buildings.
Market Analysis by End-Users
The residential segment leads the market by having the largest share of the revenue. Various government projects that aim at developing the infrastructure of a country, rise in the construction of multistoried buildings and increasing population has positively influenced the Global Elevator and Escalator market. On the other hand, the global commercial end-user segment is expected to see a decline in the revenue generated from Elevator and Escalator market due to slow growth in construction activities worldwide.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Global Elevator and Escalator Market Outlook
- Market Size of Global Elevator and Escalator Market, 2023
- Forecast of Global Elevator and Escalator Market, 2030
- Historical Data and Forecast of Global Elevator and Escalator Revenues & Volume for the Period 2020 - 2030
- Global Elevator and Escalator Market Trend Evolution
- Global Elevator and Escalator Market Drivers and Challenges
- Global Elevator and Escalator Price Trends
- Global Elevator and Escalator Porter's Five Forces
- Global Elevator and Escalator Industry Life Cycle
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Types for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Services for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Global Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Latin America Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Europe Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Middle East Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By End-User for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2020 - 2030
- Historical Data and Forecast of Africa Elevator and Escalator Market Revenues & Volume By Public for the Period 2020 - 2030
- Global Elevator and Escalator Market - Key Performance Indicators
- Global Elevator and Escalator Market - Import Export Trade Statistics
- Global Elevator and Escalator Market - Opportunity Assessment By Regions
- Global Elevator and Escalator Market - Opportunity Assessment By Types
- Global Elevator and Escalator Market - Opportunity Assessment By Services
- Global Elevator and Escalator Market - Opportunity Assessment By End-User
- Global Elevator and Escalator Market - Top Companies Market Share
- Global Elevator and Escalator Market - Top Companies Profiles
- Global Elevator and Escalator Market - Comparison of Players in Technical and Operating Parameters
- Global Elevator and Escalator Market - Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments
By Types
- Elevator
- Escalator
- Moving Walkways
By Services
- Maintenance & Repair
- New Installation
- Modernization
By End-User
- Residential
- Commercial
- Public
By Regions
- Asia Pacific
- Middle East
- North America
- Latin America
- Europe
- Africa
Global Elevator And Escalator Market Outlook (2024-2030): FAQs
The growth of the elevator and escalator market is driven by increasing urbanization, the rise in the number of high-rise buildings, and the demand for energy-efficient systems that align with global sustainability goals.
The smart elevator systems segment is experiencing the most growth, catering to a tech-savvy audience and meeting stringent energy efficiency standards.
High installation costs, the complexity of upgrade processes, stringent government regulations, and the need to comply with safety standards can pose significant hurdles to market progress.
Emerging opportunities include infrastructure development in developing nations and the modernization of aging elevator systems in mature markets. The demand for eco-friendly solutions and sustainable vertical transportation systems is also on the rise.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Global Elevator and Escalator Market Overview |
| 3.1 Global Regional Macro Economic Indicators |
| 3.2 Global Elevator and Escalator Market Revenues & Volume, 2020 & 2030F |
| 3.3 Global Elevator and Escalator Market - Industry Life Cycle |
| 3.4 Global Elevator and Escalator Market - Porter's Five Forces |
| 3.5 Global Elevator and Escalator Market Revenues & Volume Share, By Countries, 2020 & 2030F |
| 3.6 Global Elevator and Escalator Market Revenues & Volume Share, By Types, 2020 & 2030F |
| 3.7 Global Elevator and Escalator Market Revenues & Volume Share, By Services, 2020 & 2030F |
| 3.8 Global Elevator and Escalator Market Revenues & Volume Share, By End-User, 2020 & 2030F |
| 4 Global Elevator and Escalator Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Elevator and Escalator Market Trends |
| 6 Global Elevator and Escalator Market, 2020-2030F |
| 6.1 Global Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 6.2 Global Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 6.3 Global Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 7 North America Elevator and Escalator Market, 2020-2030F |
| 7.1 North America Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 7.2 North America Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 7.3 North America Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 8 Latin America Elevator and Escalator Market, 2020-2030F |
| 8.1 Latin America Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 8.2 Latin America Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 8.3 Latin America Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 9 Europe Elevator and Escalator Market, 2020-2030F |
| 9.1 Europe Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 9.2 Europe Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 9.3 Europe Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 10 Asia Pacific Elevator and Escalator Market, 2020-2030F |
| 10.1 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 10.2 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 10.3 Asia Pacific Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 11 Middle East Elevator and Escalator Market, 2020-2030F |
| 11.1 Middle East Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 11.2 Middle East Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 11.3 Middle East Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 12 Africa Elevator and Escalator Market, 2020-2030F |
| 12.1 Africa Elevator and Escalator Market, Revenues & Volume, By Types, 2020-2030F |
| 12.2 Africa Elevator and Escalator Market, Revenues & Volume, By Services, 2020-2030F |
| 12.3 Africa Elevator and Escalator Market, Revenues & Volume, By End-User, 2020-2030F |
| 13 Global Elevator and Escalator Market Key Performance Indicators |
| 14 Global Elevator and Escalator Market - Opportunity Assessment |
| 14.1 Global Elevator and Escalator Market Opportunity Assessment, By Countries, 2020 & 2030F |
| 14.2 Global Elevator and Escalator Market Opportunity Assessment, By Types, 2020 & 2030F |
| 14.3 Global Elevator and Escalator Market Opportunity Assessment, By Services, 2020 & 2030F |
| 14.4 Global Elevator and Escalator Market Opportunity Assessment, By End-User, 2020 & 2030F |
| 15 Global Elevator and Escalator Market - Competitive Landscape |
| 15.1 Global Elevator and Escalator Market Revenue Share, By Companies, 2023 |
| 15.2 Global Elevator and Escalator Market Competitive Benchmarking, By Operating and Technical Parameters |
| 16 Company Profiles |
| 17 Recommendations |
| 18 Disclaimer |
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