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France Elevator and Escalator Market Size and Growth Forecast 2024-2029

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    Report

  • 153 Pages
  • June 2024
  • Region: France
  • Arizton
  • ID: 5639218
1h Free Analyst Time
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The France Elevator and Escalator Market was estimated at 15,674 units in 2023, and is expected to reach 18,645 units by 2029 rising at a CAGR of 2.94%

Grand Paris Project and the Aging Population Are a Few Driving Factors for the France Elevator and Escalator Market

  • As of January 2024, approximately 21.5 percent of residents aged 65 or over, while 10.4 percent were above 75. France is more or less in line with the average across the EU, where 21.1 percent of residents were over 65 in 2022; this figure will increase to 31.3 percent within the next 80 years.
  • By 2030, the Grand Paris Express will include more than 200 kilometers of additional metro lines and 68 new stops. The 68 new stations will be surrounded by new neighborhoods, allowing the city to be reinvented on an existing urban fabric. Following consultations such as "Reinventing Paris," "Reinventing the Seine," and "Inventing the Metropolis of Greater Paris," requests for creative projects have been made to shape the profile of a more open and modern Île-de-France.
  • As the senior population is projected to increase to over 21 million by the next decade, with the majority intending to age in their own homes, the need to adapt housing becomes paramount. MaPrimeAdapt', introduced by France Silver Eco, facilitates housing adaptation for aging individuals, preventing loss of autonomy. For this policy to achieve economic neutrality, it must adopt a minimum of 2.3 million housing units annually in ten years, translating to a progressive growth in new adapted housing units. MaPrimeAdapt' replaces three existing forms of assistance and targets individuals over 70, those aged 60-69 with loss of autonomy, and individuals with disabilities or eligibility for disability benefits. The grant covers up to 70% of expenses for those with very modest incomes and up to 50% for those with modest incomes.

Paris 2024 Concept, France 2030, and Infrastructure Projects to Boost the Demand for New Installations

  • The France 2030 investment plan aims to achieve a dual objective: sustainably transforming key sectors like energy, automotive, aeronautics, and space through technological innovation and positioning France as a leader in the global landscape of the future. With a €54 billion($58.5 billion) investment, France 2030 supports the entire innovation lifecycle, from basic research to product industrialization.
  • The France 2030 plan has gathered investor interest, featuring 559 projects spanning key automotive, healthcare, mechanical equipment, and agriculture sectors. Foreign investments targeting decarbonization, digitalization, and technology partnerships contribute to France's appeal as a strategic investment destination. Notably, 205 investment projects focusing on decarbonization underscore France's commitment to environmental priorities, with a significant portion originating from various European countries and the United States, Germany, and the United Kingdom leading in project numbers.
  • The Paris 2024 concept will bring into play the whole Ile-de-France, particularly the Seine-Saint-Denis department to the north. Here, it will build an aquatic center and 5,000 housing units, which will be used throughout the games as the Olympic and Media Village. The new constructions will go part way to addressing the need for 70,000 additional homes in Ile-de-France. The project is expected to support the France elevator and escalator market growth.
  • The various infrastructure projects taking place in France, such as the Zac Campus Grand Parc Mixed-use Development, The Link Tower, Paris Tour Triangle High-rise Building, Clermont Ferrand Gabriel Montpied Stadium Expansion, and Yves-du-Manoir Stadium Renovation, collectively contribute to driving the demand for elevators and escalators in the country.

Quarter of Installed Elevators Above 40 Years Old Create Demand for Maintenance of Elevators in France

  • The French Elevator Federation reports an average of three technical breakdowns per elevator annually, with over a third experiencing no breakdowns. Inadequate maintenance, usage, or modernization contribute to the majority of breakdowns. Modernization efforts are imperative, with nearly a quarter of elevators over 40 and half over 25 years old.
  • Renovating old elevators, particularly those over twenty-five years old, can significantly reduce energy consumption by up to 65%, from an average of 3,400 kWh to 1,190 kWh annually. According to the Elevator Federation, this reduction, along with the development of new elevator designs consuming five times less energy than those from the 1960s, aims to achieve energy autonomy.
  • In the fourth quarter of 2023, maintenance and improvement prices for buildings moderately increased, with a more significant rise observed in the non-residential sector compared to the residential sector. Notable increases were recorded in activities such as "other construction installation," electrical installation, and painting and glazing, while prices declined in joinery installation during this quarter.

KEY HIGHLIGHTS

  • According to insights from major market players, the service market, particularly maintenance and modernization, is expected to significantly drive the France elevator and escalator market in the forthcoming years. This is projected alongside a slower growth rate and a potential decline in new installations during the forecast period. The primary reason for this trend is the prevalence of older buildings throughout France, many of which do not currently have elevators installed or only have a small elevator that can fit one or two people. Furthermore, the limited space available in such buildings often restricts the installation of only smaller elevators.
  • In 2020, France had 2,467 urban units, totaling 52.9 million inhabitants, or 79.2% of the French population. The urban unit of Paris alone has 10.8 million inhabitants or 16.2% of the French population. Excluding Paris, France in 2020 had 35 urban units with more than 200,000 inhabitants, totaling 16.8 million inhabitants, or 25.1% of the French population and 31.8% of the total urban population.
  • In 2023, France attracted 1,815 international investment projects. 558 projects of France's 2030 plan are focused on key sectors such as automotive, healthcare, and agriculture. These investments, driven by decarbonization, digitalization, and technology partnerships, underscore France's appeal as a strategic investment destination. Notably, 205 projects focusing on decarbonization reflect France's commitment to environmental priorities, with major contributions from European countries and leading nations like the United States, Germany, and the United Kingdom. These initiatives generate demand for energy-efficient elevators as sustainable building practices gain prominence, prompting elevator manufacturers to offer eco-friendly solutions to align with France's environmental objectives.
  • Fouad Ben Ahmed, co-founder of Plus Sans Ascenseurs, warns of increasing SIM card thefts in Île-de-France elevators. The trend, starting small in Hauts-de-Seine, has now become widespread. Despite pleas for action, public authorities remain unresponsive, prompting concerns over elevator security. Elevator professionals, supported by the Elevator Federation, are working with telecom operators to address the issue. Elevator security systems are crucial for high-rise and multi-tenant buildings, as they prevent unauthorized access, enhance safety, and reduce operational expenses.

SEGMENTATION ANALYSIS

Elevator Market Segmentation by

Machine Type

  • Hydraulic and Pneumatic
  • Machine Room Traction
  • Machine Room Less Traction
  • Others
    • Climbing
    • Elevators
    • Industrial Elevators

Carriage Type

  • Passenger
  • Freight

Capacity

  • 2-15 Persons
  • 16-24 Persons
  • 25-33 Persons
  • 34 Persons and Above

End-User

  • Commercial
  • Residential
  • Industrial
  • Others
    • Public Transit
    • Institutional
    • Infrastructural

Escalator Market Segmentation by

Product Type

  • Parallel
  • Multi Parallel
  • Walkway
  • Crisscross

End-User

  • Public Transit
  • Commercial
  • Others
    • Institutional Sector
    • Infrastructure
    • Industrial

MARKET DRIVERS & OPPORTUNITIES

  • Infrastructure projects in the region contribute to the growth of the French elevator and escalator market, which is bolstered by initiatives like the France 2030 investment plan to boost investments in the vertical transportation market.
  • Increasing foreign investment in France further drives demand for elevators, while elevator manufacturers are reintroducing assistance programs to support elevator renovation efforts.
  • The extensive Grand Paris project, which has lasted over twenty years, is a significant driver for the French elevator and escalator market.
  • The need for digitization and cybersecurity in elevators is emphasized due to incidents like the theft of SIM cards in France, prompting manufacturers to focus on enhancing security measures.
  • The aging population's increased demand for elevators and escalators in buildings underscores the necessity for housing renovation to facilitate the modernization of vertical transportation systems, supporting the growth of the French elevator and escalator industry.

INDUSTRY RESTRAINTS

  • Rising maintenance costs result in customers being overcharged. At the same time, labor shortages and skills mismatches pose challenges to the construction industry, leading to lengthy repair times and shortages of experienced workers and components.
  • Anticipated rapid declines in the real estate market in France in 2024 amid economic shifts highlight the need for strategic planning and adaptation within the vertical transportation industry.

VENDOR LANDSCAPE

  • The key players in the France elevator and escalator market are KONE, Otis, Mitsubishi Electric, Schindler, Hyundai Elevator, TK Elevator, and Hitachi, Köhler.
  • The top four prominent vendors in the French elevator and escalator market, KONE, Otis, TKE, and Schindler, account for 60% of the market share.
  • KONE is collaborating with Louvre Hotels Group, Europe’s 2nd-largest hotel group and a subsidiary of Jin Jiang International, to equip the first smart hotel in Europe with the “SMART INSIDE” label in Lyon, France.

Recent Developments in the France Elevator and Escalator Market

  • In February 2024, Assa Abloy sold its PACA Ascenseurs elevator maintenance division in France to KONE, as announced on February 2. PACA, acquired as part of Assa Abloy's purchase of Agta Record in 2020, had an estimated sales figure of approximately EUR30 million (US$32.6 million).
  • Otis plans to modernize vertical transportation equipment at two iconic structures in the Europe, Middle East, and Africa (EMEA) region: the Burj Khalifa in Dubai and the Eiffel Tower in Paris. In Q1 2024, Otis will upgrade elevators and escalators at the Burj Khalifa and modernize the dual lifts at the Eiffel Tower, extending its service agreement for another decade.
  • In Q2 2023, RATP Maintenance Services (RMS) and the AKE Europe consortium unveiled their inaugural escalator project in France for Saint-Cloud. This escalator, a product of collaboration between RMS and AKE, is tailored for high-traffic areas and restrictive spaces and provides access to a train station. SM PRO-MONTAGES facilitated the handling services for this project.

Key Vendors

  • KONE
  • Mitsubishi Electric
  • TK Elevator
  • Otis
  • Hitachi
  • Fujitec
  • Schindler
  • Toshiba Elevator and Building Systems Corporation
  • Hyundai Elevator

Other Prominent Vendors

  • Stannah Lifts Holdings Ltd
  • Cibes Lift
  • Toshiba Elevator and Building Systems Corporation
  • KLEEMANN
  • Drieux-Combaluzier
  • Orona
  • AKE Elevator
  • Kalea Lifts
  • Sodimas
  • ERMHES
  • Aritco
  • WeMaintain
  • Ascier
  • Easylift Ascenseur
  • EMR Ascenseurs
  • NOVA Elevators
  • S2A Ascenseurs
  • MCA Ascensures

KEY QUESTIONS ANSWERED

1. How big is the France elevator and escalator market?
2. What will be the growth rate of the France elevator and escalator market?
3. What are the key opportunities in the France elevator and escalator market?
4. What are the key France elevator and escalator market players?
5. How many bases will be installed in the France elevator and escalator market in 2023?

Table of Contents

1. Introduction
1.1. Market Scope
1.2. Market Snapshot of Elevators
1.3. Market Snapshot of Escalators
1.4. Executive Summary
2. France Elevators Market
2.1. Future Outlook -France Elevator Market by Volume
2.2. France Escalators Market- by Segments
2.2.1. France Escalators Market, by Volume
2.2.1.1. France Escalators Market Size and Forecast, Volume (Units), 2020-2029
2.2.2. France Elevators Market, by Type
2.2.2.1. Hydraulic and Pneumatic, Market Size and Forecast, Volume (Units),2020-2029
2.2.2.2. Machine Room Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.3. Machine Room Less Traction, Market Size and Forecast, Volume (Units), 2020-2029
2.2.2.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3. France Elevators & Escalators Market by Carriage Type
2.2.3.1. Passenger, Market Size and Forecast, Volume (Units), 2020-2029
2.2.3.2. Freight, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4. France Elevators Market by Persons
2.2.4.1. 2-15 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.2. 16-24 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.3. 25-33 Persons, Market Size and Forecast, Volume (Units), 2020-2029
2.2.4.4. 34 Persons and Above, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5. France Elevators Market by End-users
2.2.5.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.2. Residential, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.3. Industrial, Market Size and Forecast, Volume (Units), 2020-2029
2.2.5.4. Others, Market Size and Forecast, Volume (Units), 2020-2029
3. France Escalators Market
3.1. Future Outlook - France Escalators Market by Volume
3.2. France Escalators Market- by Segments
3.2.1. France Escalators Market, by Volume
3.2.1.1. France Escalators Market Size and Forecast, Volume (Units), 2020-2029
3.2.2. France Escalator Market by Type
3.2.2.1. Parallel, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.2. Multi-Parallel, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.3. Walkway, Market Size and Forecast, Volume (Units), 2020-2029
3.2.2.4. Crisscross, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3. France Escalator Market by End-users
3.2.3.1. Commercial, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.2. Public Transit, Market Size and Forecast, Volume (Units), 2020-2029
3.2.3.3. Others, Market Size and Forecast, Volume (Units), 2020-2029
4. France Elevators &Escalators Market, by Service (Maintenance & Modernization)
5. Geographical Analysis
5.1. Key Economic Cities in France
6. Market Dynamics
6.1. Market Drivers, Opportunities, Restraints, Trends
7. Technological Development
8. Competitive Landscape
8.1. Company Profile of Major Vendors
8.2. Other Prominent Vendors
9. Report Summary
9.1. List of Abbreviations
10. Appendix (Report Scope & Definition)
10.1. Research Methodology
10.2. Market Definition, Inclusion & Exclusion
List of Exhibits
1. France Elevator & Escalator Installed Base by Volume 2020-2029 (Units)
2. France Elevator & Escalator New Installations by Volume 2020-2029 (Units)
3. Market Share 2023: Maintenance
4. Market Share 2023: Modernization
5. Total Installed Base: Volume (Units in Thousands)
6. Total New Installations: Volume (Units in Thousands)
7. Global Elevator & Escalator Market Product & Service 2022: Installed Base
8. Global Elevator & Escalator Market Product & Service 2022: Installed Base
9. Maintenance Market-2022, Region vs France
10. Installed Base of Elevators by Volume (Units)
11. New Installations of Elevators by Volume (Units)
12. Maintenance & Modernization Value($Million)
13. Maintenance & Modernization 2023(%)
14. Installed Base of Escalators by Volume (Units)
15. New Installations of Escalators by Volume (Units)
16. Maintenance & Modernization Value($Million)
17. Maintenance & Modernization 2023(%)
18. Elevator Density of European Countries-2022
19. Increased Inflow of Foreign Property Investors in France
20. Installed Base and New Installations of Elevators (Units)
21. New Installations of Elevators (Units)
22. Extended Life Cycle of Elevator
23. Average Life Expectancy of Elevator Components
24. Hydraulic & Pneumatic Elevators Installed Base and New Installations (Units)
25. Machine Room Less Traction Elevators Installed Base and New Installations (Units)
26. Machine Room Traction Elevators Installed Base and New Installations (Units)
27. Others Machine Elevators Installed Base and New Installation (Units)
28. Installed Base and New Installations of Passenger Elevators (Units)
29. Installed Base and New Installations of Freight Elevators (Units)
30. Installed Base and New Installations of 2-15 Persons Elevators (Units)
31. Installed Base and New Installations of 16-24 Persons Elevators (Units)
32. Installed Base and New Installations of 25-33 Persons Elevators (Units)
33. Installed Base and New Installations of 34 Persons and Above Elevators (Units)
34. Installed Base and New Installations of Commercial Elevators (Units)
35. Installed Base and New Installations of Residential Elevators (Units)
36. Installed Base and New Installations of Industrial Elevators (Units)
37. Installed Base and New Installations of Other End-user Elevators (Units)
38. Installed Base and New Installations of Escalators (Units)
39. New Installations of Escalators (Units)
40. Installed Base and New Installations of Parallel Escalators (Units)
41. Installed Base and New Installations of Multi Parallel Escalators (Units)
42. Installed Base and New Installations of Moving Walkway Escalators (Units)
43. Installed Base and New Installations of Criss Cross Escalators (Units)
44. Installed Base and New Installations of Public Transit Escalators (Units)
45. Installed Base and New Installations of Commercial Escalators (Units)
46. Installed Base and New Installations of Other End-user Escalators (Units)
47. France Elevators & Escalators Maintenance Market ($ Mn)
48. France Elevators & Escalators Modernization Market ($ Mn)
49. Building Stock in France by Construction Year and Sector 2020
50. Elevators and Escalators Market: Key Cities in France
51. Population Density of Regions in France 2023
52. Population Density of Metropolitan Regions in France 2023
53. Largest Metropolitan Region in Europe Union
54. Ratio of Co2 Emissions in Hitachi Value Chain 2021
55. Raw Materials Used in Tke's Elevator in 2022
56. European Residential Building Emission Trend
57. Building Permit for Residential Buildings (Thousand Dwellings)
58. Hotel Projects Pipeline in France
59. Upcoming Hotel Projects 2022-2025
60. France 2030 Projects by Region
61. % Share of Foreign Investment in 2023 By Country
62. Population of Demographics in France
63. Market Share 2023(% Share)
64. Kone, Total Sales by Segment 2023(%Share)
65. Top Ten Countries by Sales 2023 (%Share)
66. Sales by Region 2023(% Share)
67. Mitsubishi, Total Sales by Segment2022(%Share)
68. Revenue by Region 2023 (%Share)
69. Tke Total Sales 2020-2022($Billion)
70. Otis Total Sales 2019-2022($Billion)
71. Otis Maintenance Portfolio by Region-2022
72. Hitachi Total Sales by Segment 2020(%Share)
73. Total Sales by Segment 2022(% Share)
74. Fujitec Net Sales 2020-2023 ($ Billion)
75. Schindler, Total Sales 2018-2023($Billion)
76. Toshiba Net Sales 2017-2021($ Billion)
77. Revenue 2020-2021($ Billion)
List of Tables
1. Global Rank of Countries by Number of Tall Buildings
2. Number of Buildings Under Construction in France
3. Increased Inflow of Foreign Property Investors in France
4. European Safety Rules for Construction and Installation of Elevators
5. By Machine, New Installations, Total Incremental Opportunity, 2021-2029
6. By Carriage Type, New Installations, Total Incremental Opportunity, 2021-2029
7. By Capacity (Persons), New Installations, Total Incremental Opportunity, 2021-2029
8. By End-user, New Installations, Total Incremental Opportunity, 2021-2029
9. By Product, New Installations, Total Incremental Opportunity, 2021-2029
10. By End-user, New Installations, Total Incremental Opportunity, 2021-2029
11. Evolution of Urbanization in France 1954-2020
12. Environment Impact Created by Otis.
13. Raw Materials in Hitachi Business Operations in 2021
14. Impact of Carbon Emissions
15. Infrastructure Projects in France
16. Upcoming Infrastructure Projects
17. Developments/ Projects
18. Elevators Market Size & Forecast by Type (Units)
19. Elevators by Carriage Type Market Size & Forecast (Units)
20. Elevators Market Size & Forecast by Persons (Units)
21. Elevators by End-users Market Size & Forecast (Units)
22. Escalators Market Size & Forecast by Type (Units)
23. Escalators Market Size & Forecast by End-users (Units)
24. List of Abbreviations

Companies Mentioned

  • KONE
  • Mitsubishi Electric
  • TK Elevator
  • Otis
  • Hitachi
  • Fujitec
  • Schindler
  • Toshiba Elevator and Building Systems Corporation
  • Hyundai Elevator
  • Stannah Lifts Holdings Ltd
  • Cibes Lift
  • Toshiba Elevator and Building Systems Corporation
  • KLEEMANN
  • Drieux-Combaluzier
  • Orona
  • AKE Elevator
  • Kalea Lifts
  • Sodimas
  • ERMHES
  • Aritco
  • WeMaintain
  • Ascier
  • Easylift Ascenseur
  • EMR Ascenseurs
  • NOVA Elevators
  • S2A Ascenseurs
  • MCA Ascensures

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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