Elevator And Escalator Market Size to Grow by 275.28 Thousand Units, Elevators to be Largest Revenue-generating Product Segment - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The elevator and escalator market size is expected to increase by 275.28 thousand units from 2022 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.37%, according to the latest report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Gain access to a comprehensive report summary that describes the market size and forecast along with research methodology. View our FREE PDF Sample Report

Elevator and Escalator Market Sizing
Elevator and Escalator Market Forecast
Elevator and Escalator Market Analysis

This report includes the elevator and escalator market segmentation by product (elevators and escalators) and geography (APAC, Europe, Middle East and Africa, North America, and South America). The elevators segment will be a significant contributor to market growth during the forecast period. The elevator market generates most of its revenue from the installation of new units, service, maintenance, and modernization of elevators. The popularity of smart elevators is increasing in skyscraper projects. These elevators lower the waiting time and help people reach their destination floors in minimal time. Such technological advances will increase the adoption of elevators in the coming years.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now for detailed segment information

There are several prominent manufacturers in the global elevator and escalator market, which account for a significant share of revenues. These vendors compete based on providing smart elevator installation, modernization services, and maintenance. In addition, these vendors cater to large-scale public infrastructure, residential, and commercial construction projects, which will help in expanding their market share during the forecast period. The market is driven by continuous innovations and developments in elevator systems, which ensure smooth rides while reducing wait times. Therefore, vendors are constantly developing solutions that aim at reducing wait times while making elevator rides more comfortable, convenient, and safe.

The elevator and escalator market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market during the forecast period. The report identifies the increasing demand for smart elevators, the use of regenerative drives, and energy-efficient elevators and escalators as some of the major factors driving the growth of the market. Elevator maintenance using IoT platforms will be a crucial trend in the market during the forecast period.

• American Crescent Elevator Mfg. Corp.
• Braun Elevator
• Brobeil Aufzuge GmbH and Co.KG
• ESCON Elevators Pvt Ltd.
• Express Elevators
• Fujitec Co. Ltd.
• FURUKAWA Co. Ltd.
• HIRO LIFT Hillenkotter and Ronsieck GmbH
• Hitachi Ltd.
• Hyundai Elevator Co. Ltd.
• KOHLER Elevator GmbH
• KONE Corp.
• Mitsubishi Electric Corp.
• Otis Worldwide Corp.
• Savaria Corp.
• Schindler Holding Ltd.
• TK Elevator GmbH
• Toshiba Corp.
• Weidmuller Interface GmbH and Co. KG
• WITTUR HOLDING GmbH

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Russia Elevator and Escalator Market Growth - Forecast and Analysis - 2022-2026: Increasing demand for smart elevators is the key driver. The key advantages of a smart elevator over a traditional one include improved energy efficiency, better control of elevator traffic, reduced wait times, and integrated access control features. One of the most important features of smart elevators is the destination dispatch feature.

Elevator and Escalator Market in APAC by Product, End-user, and Geography - Forecast and Analysis 2022-2026: The increasing demand for smart elevators is driving market growth. Smart elevators are the result of efforts to design energy-efficient elevators that can also reduce the amount of time it takes to travel between floors of a building. When a user selects a destination floor in a smart elevator, the elevator directs him or her to the elevator that will take them to that floor with the fewest stops.

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1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand units)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand units)
• Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Elevators - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Elevators - Market size and forecast 2021-2026 (thousand units)
• Exhibit 29: Data Table on Elevators - Market size and forecast 2021-2026 (thousand units)
• Exhibit 30: Chart on Elevators - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Elevators - Year-over-year growth 2021-2026 (%)

• 5.4 Escalators - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Escalators - Market size and forecast 2021-2026 (thousand units)
• Exhibit 33: Data Table on Escalators - Market size and forecast 2021-2026 (thousand units)
• Exhibit 34: Chart on Escalators - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Escalators - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product (thousand units)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 (thousand units)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 (thousand units)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 (thousand units)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 (thousand units)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
• Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
• Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.6 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 (thousand units)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 (thousand units)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 (thousand units)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 (thousand units)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 (thousand units)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (thousand units)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 India - Market size and forecast 2021-2026 
• Exhibit 66: Chart on India - Market size and forecast 2021-2026 (thousand units)
• Exhibit 67: Data Table on India - Market size and forecast 2021-2026 (thousand units)
• Exhibit 68: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 (thousand units)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 (thousand units)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (thousand units)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (thousand units)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 US - Market size and forecast 2021-2026 
• Exhibit 78: Chart on US - Market size and forecast 2021-2026 (thousand units)
• Exhibit 79: Data Table on US - Market size and forecast 2021-2026 (thousand units)
• Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography (thousand units)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Fujitec Co. Ltd.
• Exhibit 89: Fujitec Co. Ltd. - Overview
• Exhibit 90: Fujitec Co. Ltd. - Business segments
• Exhibit 91: Fujitec Co. Ltd. - Key offerings
• Exhibit 92: Fujitec Co. Ltd. - Segment focus

• 10.4 FURUKAWA Co. Ltd.
• Exhibit 93: FURUKAWA Co. Ltd. - Overview
• Exhibit 94: FURUKAWA Co. Ltd. - Business segments
• Exhibit 95: FURUKAWA Co. Ltd. - Key offerings
• Exhibit 96: FURUKAWA Co. Ltd. - Segment focus

• 10.5 Hitachi Ltd.
• Exhibit 97: Hitachi Ltd. - Overview
• Exhibit 98: Hitachi Ltd. - Business segments
• Exhibit 99: Hitachi Ltd. - Key news
• Exhibit 100: Hitachi Ltd. - Key offerings
• Exhibit 101: Hitachi Ltd. - Segment focus

• 10.6 KOHLER Elevator GmbH
• Exhibit 102: KOHLER Elevator GmbH - Overview
• Exhibit 103: KOHLER Elevator GmbH - Product / Service
• Exhibit 104: KOHLER Elevator GmbH - Key offerings

• 10.7 KONE Corp.
• Exhibit 105: KONE Corp. - Overview
• Exhibit 106: KONE Corp. - Business segments
• Exhibit 107: KONE Corp. - Key news
• Exhibit 108: KONE Corp. - Key offerings
• Exhibit 109: KONE Corp. - Segment focus

• 10.8 Mitsubishi Electric Corp. 
• Exhibit 110: Mitsubishi Electric Corp. - Overview
• Exhibit 111: Mitsubishi Electric Corp. - Business segments
• Exhibit 112: Mitsubishi Electric Corp. - Key news
• Exhibit 113: Mitsubishi Electric Corp. - Key offerings
• Exhibit 114: Mitsubishi Electric Corp. - Segment focus

• 10.9 Otis Worldwide Corp.
• Exhibit 115: Otis Worldwide Corp. - Overview
• Exhibit 116: Otis Worldwide Corp. - Business segments
• Exhibit 117: Otis Worldwide Corp. - Key news
• Exhibit 118: Otis Worldwide Corp. - Key offerings
• Exhibit 119: Otis Worldwide Corp. - Segment focus

• 10.10 Schindler Holding Ltd. 
• Exhibit 120: Schindler Holding Ltd. - Overview
• Exhibit 121: Schindler Holding Ltd. - Product / Service
• Exhibit 122: Schindler Holding Ltd. - Key news
• Exhibit 123: Schindler Holding Ltd. - Key offerings

• 10.11 TK Elevator GmbH
• Exhibit 124: TK Elevator GmbH - Overview
• Exhibit 125: TK Elevator GmbH - Business segments
• Exhibit 126: TK Elevator GmbH - Key offerings
• Exhibit 127: TK Elevator GmbH - Segment focus

• 10.12 Toshiba Corp.
• Exhibit 128: Toshiba Corp. - Overview
• Exhibit 129: Toshiba Corp. - Business segments
• Exhibit 130: Toshiba Corp. - Key news
• Exhibit 131: Toshiba Corp. - Key offerings
• Exhibit 132: Toshiba Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 135: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 11.5 List of abbreviations 
• Exhibit 139: List of abbreviations

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