Elevators and Escalators - Global Strategic Business Report

The global market for Elevators and Escalators is estimated at US$75.6 Billion in 2023 and is projected to reach US$107.2 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the elevators and escalators market is driven by several factors. Urbanization and the proliferation of high-rise buildings are primary drivers, as the need for efficient vertical transportation systems becomes more critical in densely populated cities. The expansion of public transportation networks, such as subways and airports, also fuels demand for escalators and elevators to manage the high passenger flow. Additionally, technological advancements and the push for smart buildings have led to the adoption of more sophisticated and efficient systems. The aging population is another significant factor, increasing the need for accessible transportation solutions in residential and public buildings.

Furthermore, the rising emphasis on safety and regulatory compliance has prompted the modernization and replacement of outdated systems with advanced, compliant technologies. These factors collectively underscore the robust growth trajectory of the elevators and escalators market, reflecting its crucial role in supporting urban mobility and infrastructure development.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Elevators segment, which is expected to reach US$97.4 Billion by 2030 with a CAGR of a 5.2%. The Escalators segment is also set to grow at 4.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $8.5 Billion in 2023, and China, forecasted to grow at an impressive 6.5% CAGR to reach $29.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Elevators and Escalators Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Elevators and Escalators Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Elevators and Escalators Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Canny Elevator Co., Ltd., Fujitec Co., Ltd., Hitachi Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 211 Featured):

• Canny Elevator Co., Ltd.
• Fujitec Co., Ltd.
• Hitachi Ltd.
• Hyundai Elevators Co., Ltd.
• Johnson Lifts Private Limited
• Kleemann Hellas S.A.
• KONE Corporation
• Mitsubishi Electric Corporation
• Otis Worldwide Corporation
• Savaria Corporation
• Schindler Group
• Shanghai Mitsubishi Elevator Co., Ltd. (SMEC)
• Sigma Elevator Company Limited
• SJEC Corporation
• TK Elevator Holding GmbH
• Toshiba Elevator and Building Systems Corporation