Top 10 Elevator and Escalator Market Companies in Australia | Manufacturers & With official Website 2024

Australia Elevator and Escalator Market Companies Analysis

Australia elevator and escalator market is witnessing steady growth over the past few years. The market is competitive and players are strategizing to obtain a larger share of the industry and increase their profitability. With technological advancements stimulating innovation in the industry, players are investing prominently in R&D to develop new as well as enhanced products that meet the changing requirements of customers. In order to cater to a diverse range of customer requirements, key players are expanding their product portfolio by presenting new elevator and escalator models with a number of features and functionalities.

Companies in the industry are emphasising developing energy-efficient elevators and escalators with sustainability becoming a major concern for customers. To grow their visibility and reach in the industry, companies also collaborate with real estate developers for new projects. This enables them to secure long-term contracts as well as establish strong relationships with potential clients. The market is predicted to attain a CAGR of 6.0% during 2023-2029.

List of Leading Companies in the Australia Elevator and Escalator Market

1. Otis Elevator Co.

Otis Worldwide Corporation was founded in 1853 in United States of America. The company develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. The company offers its products and services in over 200 countries across the globe.

2. Schindler Holding AG

Schindler Holding Ltd. is headquartered in Lucerne, Switzerland. The company offers its products and services in over 100 countries across the globe. Schindler Lifts Australia Pty Ltd is the wholly owned subsidiary of Schindler Group operating in Australia. The company deals in manufacturing and modernization of elevators, escalators and moving walk.

3. KONE Corporation

Kone Corporation is headquartered in Helsinki, Finland, which has seven global R&D centers and 12 manufacturing units in eight countries, as well as a worldwide network of agents and authorized distributors that operates in over 60 countries worldwide. The company operates its business in Australia, through Kone Australia.

4. Octagon Lifts Pty Ltd.

Octagon Lifts Pty Ltd. is headquartered in Perth, Western Australia. The company specialises in the supply and installation of new lifts, lift upgrades and modernisation, and lift maintenance, service and repair. Additionally, the company has its in-house lift installation and maintenance teams and operated through its head office in Australia.

5. TK Elevator

TK Elevator GmbH is headquartered in Germany. The product line ranges from standard lifts for homes and businesses to cutting-edge, highly customized solutions for modern skyscrapers. Additionally, it includes stair and platform elevators, passenger boarding bridges, moving walkways, and escalators. TK Elevator GmbH has its presence in the country as TK Elevator Australia.

6. Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is headquartered in Tokyo, Japan. The company deals in installation, maintenance and modernization of elevators and escalators. The company deals in Australia through its subsidy Mitsubishi Electric Australia Pty Ltd.

7. Kleemann Hellas S.A.

Kleemann Hellas S.A. is headquartered in Kilkis, Greece. The company provides all types of residential, commercial passenger, freight lifts, escalators, moving walks, accessibility and marine solutions, parking systems and lift components. Since 2015, Kleemann has maintained a significant local presence as Kleemann Elevators Australia Pty limited.

8. Shotton Group Pty Ltd.

Shotton Group Pty Ltd., headquartered in Australia, is engaged in a variety projects and deals in various industries, including rail, bus, aviation, architectural, elevator, hospital, and forensics, as well as general infrastructure works. Shotton Lifts which is a part of Shotton Group creates, engineer, produces, market, sell, implement, and maintain the lift business.

9. FUJI Elevator Co.,Ltd

FUJI Elevator Co.,Ltd, headquarter in Tokyo Japan, specialized in designing, manufacturing, installation of lift and elevators. The company also deals in providing services such as maintaining and modernization. The company operates through its Fuji Elevator Australia.

10. Hitachi Ltd. 

Hitachi Ltd is headquartered in Tokyo, Japan. The company manufactures of superior technology products. The company specializes in development of IT technology-based products, elevators, escalators, automotive systems etc. The company carry out its business operations in Australia, through its subsidy Hitachi Australia Pty. Ltd.

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