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The elevator and escalator market is forecasted to grow by USD 76.7 billion during 2023-2028, accelerating aat a CAGR of 10.13% during the forecast period. The report on the elevator and escalator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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, growing number of construction activities, and growing investment in smart cities.
The elevator and escalator market is segmented as below:
By Product
- Elevators
- Escalators
By Application
- Commercial
- Residential
- Industrial
By Geography
- APAC
- Europe
- Middle East and Africa
- North America
- South America
The report on the elevator and escalator market covers the following areas:
- Elevator and escalator market sizing
- Elevator and escalator market forecast
- Elevator and escalator market industry analysis
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 report 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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global elevator and escalator market: Braun Elevator, Brobeil Aufzuge GmbH and Co.KG, ESCON Elevators Pvt. Ltd., Fuji Electric Co. Ltd., Fuji Elevators Co., Fujitec Co. Ltd., HIRO LIFT Hillenkotter and Ronsieck GmbH, Hitachi Ltd., Hyundai Elevator Co. Ltd., Kohler Co., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Savaria Corp., SCHAEFER GmbH, Schindler Holding Ltd., thyssenkrupp AG, Toshiba Corp., Weidmuller Interface GmbH and Co. KG, 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 platforms."
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:
- Braun Elevator
- Brobeil Aufzuge GmbH and Co.KG
- ESCON Elevators Pvt. Ltd.
- Fuji Electric Co. Ltd.
- Fuji Elevators Co.
- Fujitec Co. Ltd.
- HIRO LIFT Hillenkotter and Ronsieck GmbH
- Hitachi Ltd.
- Hyundai Elevator Co. Ltd.
- Kohler Co.
- KONE Corp.
- Mitsubishi Electric Corp.
- Otis Worldwide Corp.
- Savaria Corp.
- SCHAEFER GmbH
- Schindler Holding Ltd.
- thyssenkrupp AG
- Toshiba Corp.
- Weidmuller Interface GmbH and Co. KG
- WITTUR HOLDING GmbH
