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Elevator and Escalator Market in Australia 2023-2027

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    Report

  • 132 Pages
  • September 2023
  • Region: Australia
  • TechNavio
  • ID: 5390500
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The elevator and escalator market in Australia is forecasted to grow by USD 507.45 mn during 2022-2027, accelerating at a CAGR of 4.25% during the forecast period. The report on the elevator and escalator market in Australia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for smart elevators, increased urbanization, and growing demand for eco-friendly elevators and escalators.

The elevator and escalator market in Australia is segmented as below:

By Product

  • Elevator
  • Escalator

By Service

  • New installations
  • Maintenance
  • Modernization

By Geographical Landscape

  • APAC
This study identifies elevator maintenance using IoT platform as one of the prime reasons driving the elevator and escalator market in Australia growth during the next few years. Also, the use of regenerative drives in elevators and escalators and the increasing adoption of predictive maintenance will lead to sizable demand in the market.

The report on the elevator and escalator market in Australia covers the following areas:

  • Elevator and escalator market sizing in Australia
  • Elevator and escalator market forecast in Australia
  • Elevator and escalator market industry analysis in Australia
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading elevator and escalator market in Australia vendors that include Austand Edunburgh Elevators Pty Ltd, Brilliant Lifts Australia, E Lift, Easy Living Home Elevators Pty Ltd., Forte Lift Service, GOINGUP ELEVATORS PTY LTD, Grant Elevators, Hitachi Ltd., IFE Elevators and Escalators Australia, Kleeman Hellas S.A., KONE Corp., Mitsubishi Electric Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Savaria Corp., Schindler Holding Ltd., Shotton Group, Southern Lifts Pty Ltd., TK Elevator GmbH, and WITTUR HOLDING GmbH. Also, the elevator and escalator market in Australia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

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 Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Product
Exhibit 05: Executive Summary - Chart on Market Segmentation by Service
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on Australia: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on Australia: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Elevator and escalator market in Australia 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on elevator and escalator market in Australia 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 Services Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Services Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 25: Chart on Product - Market share 2022-2027 (%)
Exhibit 26: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
6.3 Elevator - Market size and forecast 2022-2027
Exhibit 29: Chart on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Elevator - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Elevator - Year-over-year growth 2022-2027 (%)
6.4 Escalator - Market size and forecast 2022-2027
Exhibit 33: Chart on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Escalator - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Escalator - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 37: Market opportunity by Product ($ million)
Exhibit 38: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Service
7.1 Market segments
Exhibit 39: Chart on Service - Market share 2022-2027 (%)
Exhibit 40: Data Table on Service - Market share 2022-2027 (%)
7.2 Comparison by Service
Exhibit 41: Chart on Comparison by Service
Exhibit 42: Data Table on Comparison by Service
7.3 New installations - Market size and forecast 2022-2027
Exhibit 43: Chart on New installations - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on New installations - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on New installations - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on New installations - Year-over-year growth 2022-2027 (%)
7.4 Maintenance - Market size and forecast 2022-2027
Exhibit 47: Chart on Maintenance - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Maintenance - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Maintenance - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Maintenance - Year-over-year growth 2022-2027 (%)
7.5 Modernization - Market size and forecast 2022-2027
Exhibit 51: Chart on Modernization - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Modernization - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Modernization - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Modernization - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Service
Exhibit 55: Market opportunity by Service ($ million)
Exhibit 56: Data Table on Market opportunity by Service ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Brilliant Lifts Australia
Exhibit 64: Brilliant Lifts Australia - Overview
Exhibit 65: Brilliant Lifts Australia - Product/Service
Exhibit 66: Brilliant Lifts Australia - Key offerings
11.4 Easy Living Home Elevators Pty Ltd.
Exhibit 67: Easy Living Home Elevators Pty Ltd. - Overview
Exhibit 68: Easy Living Home Elevators Pty Ltd. - Product/Service
Exhibit 69: Easy Living Home Elevators Pty Ltd. - Key offerings
11.5 Forte Lift Service
Exhibit 70: Forte Lift Service - Overview
Exhibit 71: Forte Lift Service - Product/Service
Exhibit 72: Forte Lift Service - Key offerings
11.6 Grant Elevators
Exhibit 73: Grant Elevators - Overview
Exhibit 74: Grant Elevators - Product/Service
Exhibit 75: Grant Elevators - Key offerings
11.7 Hitachi Ltd.
Exhibit 76: Hitachi Ltd. - Overview
Exhibit 77: Hitachi Ltd. - Business segments
Exhibit 78: Hitachi Ltd. - Key news
Exhibit 79: Hitachi Ltd. - Key offerings
Exhibit 80: Hitachi Ltd. - Segment focus
11.8 IFE Elevators and Escalators Australia
Exhibit 81: IFE Elevators and Escalators Australia - Overview
Exhibit 82: IFE Elevators and Escalators Australia - Product/Service
Exhibit 83: IFE Elevators and Escalators Australia - Key offerings
11.9 Kleeman Hellas S.A.
Exhibit 84: Kleeman Hellas S.A. - Overview
Exhibit 85: Kleeman Hellas S.A. - Product/Service
Exhibit 86: Kleeman Hellas S.A. - Key offerings
11.10 KONE Corp.
Exhibit 87: KONE Corp. - Overview
Exhibit 88: KONE Corp. - Product/Service
Exhibit 89: KONE Corp. - Key news
Exhibit 90: KONE Corp. - Key offerings
11.11 Octagon Lifts Pty Ltd.
Exhibit 91: Octagon Lifts Pty Ltd. - Overview
Exhibit 92: Octagon Lifts Pty Ltd. - Product/Service
Exhibit 93: Octagon Lifts Pty Ltd. - Key offerings
11.12 Otis Worldwide Corp.
Exhibit 94: Otis Worldwide Corp. - Overview
Exhibit 95: Otis Worldwide Corp. - Business segments
Exhibit 96: Otis Worldwide Corp. - Key news
Exhibit 97: Otis Worldwide Corp. - Key offerings
Exhibit 98: Otis Worldwide Corp. - Segment focus
11.13 Savaria Corp.
Exhibit 99: Savaria Corp. - Overview
Exhibit 100: Savaria Corp. - Business segments
Exhibit 101: Savaria Corp. - Key offerings
Exhibit 102: Savaria Corp. - Segment focus
11.14 Schindler Holding Ltd.
Exhibit 103: Schindler Holding Ltd. - Overview
Exhibit 104: Schindler Holding Ltd. - Product/Service
Exhibit 105: Schindler Holding Ltd. - Key news
Exhibit 106: Schindler Holding Ltd. - Key offerings
11.15 Shotton Group
Exhibit 107: Shotton Group - Overview
Exhibit 108: Shotton Group - Product/Service
Exhibit 109: Shotton Group - Key offerings
11.16 TK Elevator GmbH
Exhibit 110: TK Elevator GmbH - Overview
Exhibit 111: TK Elevator GmbH - Product/Service
Exhibit 112: TK Elevator GmbH - Key offerings
11.17 WITTUR HOLDING GmbH
Exhibit 113: WITTUR HOLDING GmbH - Overview
Exhibit 114: WITTUR HOLDING GmbH - Product/Service
Exhibit 115: WITTUR HOLDING GmbH - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 116: Inclusions checklist
Exhibit 117: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 118: Currency conversion rates for US$
12.4 Research methodology
Exhibit 119: Research methodology
Exhibit 120: Validation techniques employed for market sizing
Exhibit 121: Information sources
12.5 List of abbreviations
Exhibit 122: List of abbreviations
Exhibits:
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Service
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on Australia - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on Australia: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on Australia: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on elevator and escalator market in Australia 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Product Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Services Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Product - Market share 2022-2027 (%)
Exhibits 26: Data Table on Product - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Product
Exhibits 28: Data Table on Comparison by Product
Exhibits 29: Chart on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on Elevator - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on Elevator - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Elevator - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Escalator - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Escalator - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Escalator - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Product ($ million)
Exhibits 38: Data Table on Market opportunity by Product ($ million)
Exhibits 39: Chart on Service - Market share 2022-2027 (%)
Exhibits 40: Data Table on Service - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Service
Exhibits 42: Data Table on Comparison by Service
Exhibits 43: Chart on New installations - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Data Table on New installations - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Chart on New installations - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on New installations - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Maintenance - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Maintenance - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Maintenance - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Maintenance - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Modernization - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Modernization - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Modernization - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Modernization - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by Service ($ million)
Exhibits 56: Data Table on Market opportunity by Service ($ million)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Brilliant Lifts Australia - Overview
Exhibits 65: Brilliant Lifts Australia - Product/Service
Exhibits 66: Brilliant Lifts Australia - Key offerings
Exhibits 67: Easy Living Home Elevators Pty Ltd. - Overview
Exhibits 68: Easy Living Home Elevators Pty Ltd. - Product/Service
Exhibits 69: Easy Living Home Elevators Pty Ltd. - Key offerings
Exhibits 70: Forte Lift Service - Overview
Exhibits 71: Forte Lift Service - Product/Service
Exhibits 72: Forte Lift Service - Key offerings
Exhibits 73: Grant Elevators - Overview
Exhibits 74: Grant Elevators - Product/Service
Exhibits 75: Grant Elevators - Key offerings
Exhibits 76: Hitachi Ltd. - Overview
Exhibits 77: Hitachi Ltd. - Business segments
Exhibits 78: Hitachi Ltd. - Key news
Exhibits 79: Hitachi Ltd. - Key offerings
Exhibits 80: Hitachi Ltd. - Segment focus
Exhibits 81: IFE Elevators and Escalators Australia - Overview
Exhibits 82: IFE Elevators and Escalators Australia - Product/Service
Exhibits 83: IFE Elevators and Escalators Australia - Key offerings
Exhibits 84: Kleeman Hellas S.A. - Overview
Exhibits 85: Kleeman Hellas S.A. - Product/Service
Exhibits 86: Kleeman Hellas S.A. - Key offerings
Exhibits 87: KONE Corp. - Overview
Exhibits 88: KONE Corp. - Product/Service
Exhibits 89: KONE Corp. - Key news
Exhibits 90: KONE Corp. - Key offerings
Exhibits 91: Octagon Lifts Pty Ltd. - Overview
Exhibits 92: Octagon Lifts Pty Ltd. - Product/Service
Exhibits 93: Octagon Lifts Pty Ltd. - Key offerings
Exhibits 94: Otis Worldwide Corp. - Overview
Exhibits 95: Otis Worldwide Corp. - Business segments
Exhibits 96: Otis Worldwide Corp. - Key news
Exhibits 97: Otis Worldwide Corp. - Key offerings
Exhibits 98: Otis Worldwide Corp. - Segment focus
Exhibits 99: Savaria Corp. - Overview
Exhibits 100: Savaria Corp. - Business segments
Exhibits 101: Savaria Corp. - Key offerings
Exhibits 102: Savaria Corp. - Segment focus
Exhibits 103: Schindler Holding Ltd. - Overview
Exhibits 104: Schindler Holding Ltd. - Product/Service
Exhibits 105: Schindler Holding Ltd. - Key news
Exhibits 106: Schindler Holding Ltd. - Key offerings
Exhibits 107: Shotton Group - Overview
Exhibits 108: Shotton Group - Product/Service
Exhibits 109: Shotton Group - Key offerings
Exhibits 110: TK Elevator GmbH - Overview
Exhibits 111: TK Elevator GmbH - Product/Service
Exhibits 112: TK Elevator GmbH - Key offerings
Exhibits 113: WITTUR HOLDING GmbH - Overview
Exhibits 114: WITTUR HOLDING GmbH - Product/Service
Exhibits 115: WITTUR HOLDING GmbH - Key offerings
Exhibits 116: Inclusions checklist
Exhibits 117: Exclusions checklist
Exhibits 118: Currency conversion rates for US$
Exhibits 119: Research methodology
Exhibits 120: Validation techniques employed for market sizing
Exhibits 121: Information sources
Exhibits 122: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global elevator and escalator market in Australia: Austand Edunburgh Elevators Pty Ltd, Brilliant Lifts Australia, E Lift, Easy Living Home Elevators Pty Ltd., Forte Lift Service, GOINGUP ELEVATORS PTY LTD, Grant Elevators, Hitachi Ltd., IFE Elevators and Escalators Australia, Kleeman Hellas S.A., KONE Corp., Mitsubishi Electric Corp., Octagon Lifts Pty Ltd., Otis Worldwide Corp., Savaria Corp., Schindler Holding Ltd., Shotton Group, Southern Lifts Pty Ltd., TK Elevator GmbH, and WITTUR HOLDING GmbH.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is elevator maintenance using IoT platform.'
According to the report, one of the major drivers for this market is the increasing demand for smart elevators.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Austand Edunburgh Elevators Pty Ltd
  • Brilliant Lifts Australia
  • E Lift
  • Easy Living Home Elevators Pty Ltd.
  • Forte Lift Service
  • GOINGUP ELEVATORS PTY LTD
  • Grant Elevators
  • Hitachi Ltd.
  • IFE Elevators and Escalators Australia
  • Kleeman Hellas S.A.
  • KONE Corp.
  • Mitsubishi Electric Corp.
  • Octagon Lifts Pty Ltd.
  • Otis Worldwide Corp.
  • Savaria Corp.
  • Schindler Holding Ltd.
  • Shotton Group
  • Southern Lifts Pty Ltd.
  • TK Elevator GmbH
  • WITTUR HOLDING GmbH

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