North America Elevator and Escalator Market (2021-2027) | Outlook, Analysis, COVID-19 IMPACT, Trends, Companies, Growth, Forecast, Industry, Revenue, Value, Size & Share

North America Elevator And Escalator Market is projected to grow over the coming years. North America Elevator And Escalator Market is a part of our various regional publications globally. 6W tracks Elevator And Escalator Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Elevator And Escalator Market outlook report annually.

North America Elevator and Escalator Market report comprehensively covers the market by Types, Services, End Users and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Elevator and Escalator Market Synopsis

Elevators and Escalator Market is expected to gain momentum during the upcoming period on account of increasing expansion of construction sector. Elevators and Escalators are widely used all over the North America region and are considered as modern and convenient way of movement. The growth of Elevator and Escalator market is also driven by increase in the construction of high-rise buildings, rise in eco-friendly infrastructural activities and development of smart cities. In addition, unavailability of energy efficient resources, fear of accident and lack of long-term investments are some of the restraints that hinders the growth of the North America Elevator and Escalator market. Further, due to the COVID-19 pandemic, the North America Elevator and Escalator market was hit majorly. Lockdowns were imposed in all the countries in the North America region leading to the restriction on the movement of people further hampering the growth of the market.

According to 6Wresearch, North America Elevator and Escalator Market size is anticipated to register growth during 2021-2027.  The North America Elevator and Escalator market is one of the major revenue generating markets in the world. Moreover, North America has promising growth prospects in the Elevator and Escalator market due to the high investments made by the government to build smart infrastructure. Furthermore, some of the key players in the North America Elevator and Escalator market are Delta Elevator, Otis Elevator Co., Hyundai Elevator, KONE Corporation and ThyssenKrupp Elevator. Additionally, in February 2021, TK Elevator acquired shares of Accurate Elevator making this its fifth acquisition in the North America. TK Elevator has previously acquired Albany Elevator and three other Canada based companies. Further, in 2020, Action Elevator company based in US partnered with Southwest Elevator and Align Capital Elevators to expand their business potential.

Market Analysis by Geography

The United States is the leading country in the overall North America elevator and escalator market in terms of revenue share. Additionally, the U.S. has been constantly building its economy by encouraging green infrastructure and boosting urbanization. Moreover, the U.S. government has also increased its spending towards the construction sector to develop commercial and residential spaces further beholds the increasing growth of the market. In addition, Canada is witnessing a substantial growth in the Elevator and Escalator market on account of expansion of the tourism sector and increase in the construction of hotels and guest houses.

Market Analysis by Type

On the basis by types, the North America Elevator and Escalator market is categorized into elevators, escalators and moving walkways. Further, due to an increase in the construction of high-rise buildings, rapid urbanization, development of energy-efficient resources and building of smart cities, the demand for elevators has increased significantly in the North America region. Further, the elevator segmented holds the highest revenue share in the market. Elevators have always been used all over North America, however, after the introduction of smart elevators, the demand for the segment has risen tremendously. In addition, the increased construction of multi-storeyed buildings and investment towards the transportation and hospitality sector has led to an increase in the demand for escalators.

Market Analysis by End Users

The residential end-user segment is leading the North America Elevator and Escalator market due to an increase in the investments made in real-estate. The construction of high-rise residential complex has impacted the demand for elevators and escalators leading to generation of higher revenue. 

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Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Elevator and Escalator Market Outlook
• Market Size of North America Elevator and Escalator Market, 2020
• Forecast of North America Elevator and Escalator Market, 2027
• Historical Data and Forecast of North America Elevator and Escalator Revenues & Volume for the Period 2017 - 2027
• North America Elevator and Escalator Market Trend Evolution
• North America Elevator and Escalator Market Drivers and Challenges
• North America Elevator and Escalator Price Trends
• North America Elevator and Escalator Porter's Five Forces
• North America Elevator and Escalator Industry Life Cycle
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Services for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of North America Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of United States Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By End-User for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Public for the Period 2017 - 2027
• North America Elevator and Escalator Market - Key Performance Indicators
• North America Elevator and Escalator Market - Import Export Trade Statistics
• North America Elevator and Escalator Market - Opportunity Assessment By Countries
• North America Elevator and Escalator Market - Opportunity Assessment By Types
• North America Elevator and Escalator Market - Opportunity Assessment By Services
• North America Elevator and Escalator Market - Opportunity Assessment By End-User
• North America Elevator and Escalator Market - Top Companies Market Share
• North America Elevator and Escalator Market - Top Companies Profiles
• North America Elevator and Escalator Market - Comparison of Players in Technical and Operating Parameters
• North America Elevator and Escalator Market - Strategic Recommendations

Market Segmentation:

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

• By Countries
  • United States
  • Canada
• By Types
  • Elevator
  • Escalator
  • Moving Walkways
• By Services
  • Maintenance & Repair
  • New Installation
  • Modernization
• By End-User
  • Residential
  • Commercial
  • Public

Frequently Asked Questions About the Market Study (FAQs):