Global Elevator And Escalator Market (2019-2025) | Value, Trends, Industry, Companies, Revenue, Growth, Forecast, Outlook, Share, Size & Analysis

Latest 2022 Developments

Global Elevator and Escalator Market developments include the introduction of new cable technology, UltraRope, by KONE which allows the elevators to travel up to a kilometer without stopping, double the current distance. They also developed the world’s flattest auto walk technology, KONE InnoTrack autowalk, which is so flat that it can be installed entirely on the floor level. Schindler and Telefonica partnered in May 2019 for digital connectivity which is aimed to provide IoT connectivity for all smart elevators and escalators of Schindler.

Mergers and Acquisitions

• Thyssenkrupp sold its elevator technology business to a confederation led by Cinven, Advent, and RAG Foundation (Feb 2020)
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The global elevator and escalator market would continue to stay healthy on account of the rising installation of such solutions across segments such as commercial offices, hospitality, healthcare, transportation, and residential apartments. Additionally, projected growth in the construction market, upcoming new hotels and shopping malls coupled with increasing government spending on infrastructural development projects and increasing inflow of FDI in the construction and retail sectors across multiple regions are some of the key factors driving the Global elevator and escalator market globally.

According to 6Wresearch, Global Elevator And Escalator Market size are projected to grow at a CAGR of 3.0% during 2019-25. At present, the Asia Pacific region accounts for the highest revenue share in the overall global elevator and escalator market. Countries such as China and India are the major contributors in the region, owing to the rapid urbanization and infrastructural development across several verticals in these countries. Further, the African region is expected to emerge as a potentially lucrative market for elevators and escalators during the forecast period, primarily due to rapidly growing construction activities in the region.

The new installation market for elevators and escalators accounted for significant revenue share in the overall market globally in 2018, owing to widespread infrastructural development across several verticals, such as residential and commercial. However, as installations continue to rise across several countries, the demand for maintenance of elevators and escalators is expected to rise in correspondence, which would propel the services market for such solutions over the coming years.

Rising disposable income coupled with surging development in the residential sector is driving the Elevator and Escalator Market Share. Additionally, growing penetration among consumers regarding the luxury lifestyle has proliferated the growth of the market.

The Global elevator and escalator market report thoroughly covers the market by types, product types, applications, and regions. The Global elevator and escalator market outlook report provides an unbiased and detailed analysis of the on-going global elevator and escalator market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

The Global elevator and escalator market is estimated to grow steadily in the upcoming years on the back of variable factors such as rising demand for instance construction and infrastructure sectors, maintenance, and modernization of objects, and improvement in the after-sales service. Further, Rapid urbanization holds a large scope for growth of the escalator and elevator market globally in the coming years owing to a rise in the construction of a commercial and residential building which would demand increased installation of elevators and escalators globally and would propel the growth of global elevators and escalators market in the near future.

The increase in the infrastructural growth patterns in the commercial and the household premises is leading to an increased need for state-of-art and technology-aided electronics and amenities to ensure the premium living standards and as a result, is expected to be the proliferating factor for the growth of the elevator and escalator market globally in the coming years. An increase in construction activities is expected to be a positive growth contributing factor for the global elevator and escalator market in the next five to ten years. On the basis of regional breakup globally, the Middle East elevator and escalator market are expected to be the dominant factor in the overall global elevator and escalator market owing to vast construction taking place in the middle eastern countries such as Saudi Arabia, UAE, and Qatar and as a result, is expected to be the growth contributing factor for the Middle East elevator and escalator market and leave a positive impact on the overall growth of the global elevator and escalator market.

Key Highlights of the Report:

• Global Elevator and Escalator Market Overview
• Global Elevator and Escalator Market Outlook
• Global Elevator and Escalator Market Forecast
• Global Elevator and Escalator Market Size and Global Elevator and Escalator Market Forecast until 2025
• Global Elevator and Escalator Market Overview, By Types
• Global Elevator and Escalator Market Overview, By Product Types
• Global Elevator and Escalator Market Overview, By Applications
• Global Elevator and Escalator Market Overview, By Countries
• Global Elevator and Escalator Market Share, By Companies
• Historical Data & Forecast of Global Elevator and Escalator Market Revenues for the Period 2015-2025F
• Historical Data & Forecast of Global Elevator and Escalator Market Revenues, By Regions, for the Period 2015-2025F
• Historical Data & Forecast of Middle East Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of Middle East Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications, and Countries for the Period 2015-2025F
• Historical Data & Forecast of North America Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of North America Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications, and Countries for the Period 2015-2025F
• Historical Data & Forecast of Latin America Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of Latin America Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications, and Countries for the Period 2015-2025F
• Historical Data & Forecast of Europe Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of Europe Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications and Countries for the Period 2015-2025F
• Historical Data & Forecast of Africa Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of Africa Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications and Countries for the Period 2015-2025F
• Historical Data & Forecast of Asia Pacific Elevator and Escalator Market Revenues & Volume for the Period 2015-2025F
• Historical Data & Forecast of Asia Pacific Elevator and Escalator Market Revenues and Volume, By Types, Product Types, Applications and Countries for the Period 2015-2025F
• Global Elevator and Escalator Market Drivers, Restraints, and Trends
• Global Elevator and Escalator Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Elevator and Escalator Market Overview, On Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered:

The report provides a detailed analysis of the following market segments:

• By Types:

o   Elevator

• • Passenger
  • Cargo
  • Home

o   Escalator

• • Moving Stairs
  • Moving Walks

• By Applications:

  • Commercial
  • Residential
  • Industrial

• By Services:

  • New Installations
  • Maintenance
  • Modernization

• By Regions:

  • Asia Pacific
  • Middle East
  • North America
  • Latin America
  • Europe
  • Africa