Top 10 Elevator and Escalator Companies in Africa | Overview 2024

Africa Elevator and Escalator Market Companies Analysis

As per 6Wresearch, the key players operating in Africa Elevator and Escalator Market have been focusing on innovation and advancements in technology in order to provide the best quality products to their customers. Market players focus more on investing in research and development since it helps them introduce advanced products and cater to the requirements of customers across the region. Players in the market also focus on geographical expansion for new opportunities. This strategy enables players to comprehend the market dynamics and establish a local presence. 

Since Africa Elevator and Escalator Market is flourishing attributed to the expanding number of high-rise buildings in urban areas, key players always come up with new strategies to meet the need of their customers as Africa is a diverse and vast region. Leading players have the resources and expertise in order to meet this growing demand by delivering a wide range of products that cater to different needs as well as budgets. Africa Elevator and Escalator Market will grow at a CAGR of 8.5% during 2022 to 2028. 

List of Leading Companies in the Africa Elevator and Escalator Market

1 . Otis Elevator Co. 

Otis Elevator company is headquartered in Connecticut, U.S.A. It operates as a subsidiary of United Technologies Corp. The company manufactures, installs, and maintains elevators, escalators and moving walkways. Otis elevator company, in 1957, manufactured the first passenger elevator which was steam power based. The first skyscraper built in Chicago used Otis elevator. Later, Otis developed gear less traction system that involved cables and ran on electricity. The first escalator was built also built in this time period.

2. Schindler Holding Ltd.

Schindler Holding Ltd. was founded in 1874 in Lucerne, Switzerland. It is headquartered at Ebikon. Schindler Paris International is the wholly owned subsidiary of Schindler Group operating in Middle East and Africa region. The company deals in manufacturing and modernization of elevators, escalators and moving walk.

3. KONE Corporation

The company offers elevators, escalators, auto walks, automatic doors, monitoring and access control systems for residential and office buildings, public transportation and airports, hotels, retail centers, cruise ships, stadiums, concert halls, and medical facilities. The company also provides solutions for maintenance and modernization for elevators and escalators.

4. Mitsubishi Electric Corporation

Mitsubishi Electric Corporation deals in elevators and escalators in Africa through its subsidiaries and distributors. The company provides solutions in various segments such as energy and electric systems, industrial automation systems, information and communication systems, electronic devices and others. The elevator and escalator business is a part of the energy and electric systems segment. 

5. Thyssenkrupp AG

Thyssenkrupp Elevator Technology was found as a subsidiary of Thyssenkrupp AG. It manufactures elevators, escalators and moving walks. The company’s area of operation includes components technology, elevator technology, industrial solutions and materials services.

6. Hyundai Elevator Co. Ltd

Hyundai Elevator Co. Ltd was founded in 1984 and is headquartered at Icheon, South Korea. The company is a wholly owned subsidiary of Hyundai Group Co. Ltd. The company Designs, manufactures, installs, maintains, and modernizes elevators, escalators, and moving walks. Hyundai Elevator Co. Ltd has presence in 61 countries through branch offices. 

7. Kleemann Hellas S.A.

Kleemann Hellas S.A. is headquartered in Kilkis, Greece. The company operates in the African region through its distributor network. The company provides all types of residential, commercial passenger, freight lifts, escalators, moving walks, accessibility and marine solutions, parking systems and lift components. The company has distribution network in more than 100 countries across the globe.

8. Omega Elevators

Omega Elevators, founded in the year 1985, has its headquarters in Ahmedabad, Gujarat, India. The product line of the company includes various components such as Gear Box, Driving Sheave, Duty Motor, Lift Cars, Guide Rails, O/S Governor and Gate Locks. The company manufactures and provides escalators, elevators, moving walks and car parking solutions.

9. FUJITECH Co. Ltd.

FUJITECH Co. Ltd. Specialized in the research, development, manufacture, marketing, installation and maintenance of elevators, escalators, moving walks and new transportation systems. The company is headquartered at Tokyo, Japan.

10. Hitachi Ltd.

Hitachi Ltd well renowned manufacturer of superior technology products. The company specializes in development of IT technology based products, elevators, escalators, automotive systems etc. The company is headquartered at Tokyo, Japan. The company carry out its business operations in Africa through its chain of distributors and dealers.

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