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Published Date: 2016-09-21Number of Pages: 133

Elevators Market (By Type - Smart Elevators and Conventional Elevators, By Application - Commercial, Hotels, Retail, Residential, Transportation, Hospitals, Parking Building and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

Elevators Market: Snapshot

The global market for elevators heavily relies on the development of the residential and commercial construction sector globally. As a result, it presently draws a significant share in its overall revenues from sales across developing economies in regions such as Asia Pacific, Latin America, and Africa. In developed economies across Europe and North America, the market achieves more gains from repair and maintenance services as against new product sales. This is owing to the stagnant growth of the construction industry in these regions post the recent economic depression of 2008. However, the situation is steadily improving and the market for elevators is expected to witness healthy growth across Europe and North America as well in the next few years.

Transparency Market Research estimates that the global elevators market will exhibit a 7.4% CAGR in terms of revenue over the period between 2016 and 2023. At this pace, the market will rise from a valuation of US$181.50 bn in 2015 to US$330.45 bn by 2023. In terms of volume, the market is projected to expand at a healthy 6.3% CAGR over the said period.

Rising Need for Energy Efficiency to Drive Demand for Smart Elevators

On the basis of product types, the global elevators market is segmented into conventional elevators and smart elevators. Of these, the segment of conventional elevators dominated the global elevator market in terms of both revenue and volume in 2015. The segment held a share of over 80% in terms of revenue and over 75% in terms of volume of the overall market in the said year.

However, the segment of smart elevators is expected to emerge as the most lucrative one in the next few years. The market for smart elevators will be influenced by factors such as the rising adoption of wireless technology, enhanced security concerns, rapid urbanization, increasing demand for energy efficient solutions, and steady growth of global economies. Owing to these factors, a sharp shift from traditional hydraulic elevators to the smart elevators that consume less time and energy is expected to be witnessed in the coming years. The market for smart elevators is expected to exhibit a CAGR of 7.9% in terms of revenue and 6.6% in terms of volume from 2016 through 2023.

elevators market

 

Asia Pacific to Continue to Uplift Growth Prospects

The market for elevators in Asia Pacific held the dominant share in the global elevators market, accounting for over 34% in terms of revenue and 50% in terms of volume in 2015. The vast rise in adoption of elevators in APAC’s burgeoning construction industry is a key driver of the market in the region. Governments of developing countries in the region are increasingly funding infrastructure development and construction activities, which is fuelling the growth of the elevator market. For instance, in the twelfth five-year plan (2012–2017), the government of India plans to invest more than 7% of its total budget for industrial infrastructure development and construction. This trend is expected to keep the elevators market guiding along a healthy growth path in the region in the next few years as well.

The elevators market in the Rest of the World (RoW) is expected to gain significant traction from 2016-2023. Including regions such as Middle East, Africa and Latin America according to the scope of the report, the market for elevators in the RoW sector is driven by the rising number of construction activities in the Middle East. At present, not many African countries have many skyscrapers and the demand for elevators is primarily for repair and maintenance purposes. However, new installations are projected to rise in the next few years owing to initiatives taken by the African government to improve infrastructure, which is presently one of the biggest obstacle to the region’s economic growth.

Some of the key vendors operating in the highly consolidated global market for elevators are Toshiba Corporation, Mitsubishi Electric Corporation, Kone Corporation, Schindler Holding Ltd., Hitachi Ltd., ThyssenKrupp AG, Otis Elevator Company, Kleemann Hellas SA, Hyundai Elevator Co., Ltd, and Fujitec Co., Ltd.

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Elevators Market: Market Overview
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Drivers
      3.3.1 Growing Green Building Market Facilitating the Installation of Energy-Efficient Elevators
      3.3.2 Rapid Urbanization and Increase in Geriatric Population
      3.3.3 Maintenance and Modernization of Existing Elevators
3.4 Market Restraints
      3.4.1 Stringent Government Regulations
3.5 Market Opportunities
      3.5.1 Continuing Evolution of Internet of Things (IoT) in Elevators
      3.5.2 New Technology Usage
3.6 Market Attractiveness Analysis: By Application
      3.6.1 Market Attractiveness Analysis: Recommendations
3.7 Global Elevator Market: Company Market Share Analysis
      3.7.1 Market positioning of key players, 2015
      3.7.2 Competitive strategies adopted by leading players

Chapter 4 Global Elevator Market Analysis, By Type, 2016 – 2023 (USD billion & Thousand Units)
4.1 Overview
4.2 Smart Elevators Market
      4.2.1 Smart Elevators Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
4.3 Conventional Elevators Market
      4.3.1 Conventional Elevators Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)

Chapter 5 Global Elevator Market Analysis, By Application, 2016 – 2023 (USD Billion & Thousand Units)
5.1 Overview
5.2 Commercial Applications Market
      5.2.1 Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
5.3 Hotels Market
      5.3.1 Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
5.4 Retail Market
      5.4.1 Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
5.5 Residential Market
      5.5.1 Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
5.6 Transportation Market
      5.6.1 Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
5.7 Hospital Market
      5.7.1 Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
5.8 Parking Building Market
      5.8.1 Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
5.9 Others Market
      5.9.1 Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)

Chapter 6 North America Elevator Market Analysis, 2016-2023 (USD Billion & Thousand Units)
6.1 Key Trend
6.2 North America Elevator Market Analysis, By Type, 2016 – 2023 (USD Billion & Thousand Units)
      6.2.1 Overview
      6.2.2 North America Smart Elevator Market
             6.2.2.1 North America Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      6.2.3 North America Conventional Elevator Market
             6.2.3.1 North America Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
6.3 North America Elevator Market Analysis, By Application, 2016 – 2023 (USD Billion & Thousand Units)
      6.3.1 Overview
      6.3.2 North America Commercial Application Market
             6.3.2.1 North America Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      6.3.3 North America Hotels Market
             6.3.3.1 North America Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      6.3.4 North America Retail Market
             6.3.4.1 North America Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      6.3.5 North America Residential Market
             6.3.5.1 North America Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      6.3.6 North America Transportation Market
             6.3.6.1 North America Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      6.3.7 North America Hospital Market
             6.3.7.1 North America Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      6.3.8 North America Parking Building Machinery Market
             6.3.8.1 North America Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      6.3.9 North America Others Market
             6.3.9.1 North America Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
6.4 North America Elevator Market Analysis, By Country, 2016 – 2023 (USD Billion & Thousand Units)
      6.4.1 Overview
      6.4.2 U.S. Elevator Market
             6.4.2.1 U.S. Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      6.4.3 Canada Elevator Market
             6.4.3.1 Canada Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      6.4.4 Mexico Elevator Market
             6.4.4.1 Mexico Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)

Chapter 7 Europe Elevator Market Analysis, 2016-2023 (USD Billion & Thousand Units)
7.1 Key Trend
7.2 Europe Elevator Market Analysis, By Type, 2016 – 2023 (USD Billion & Thousand Units)
      7.2.1 Overview
      7.2.2 Europe Smart Elevator Market
             7.2.2.1 Europe Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.2.3 Europe Conventional Elevator Market
             7.2.3.1 Europe Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
7.3 Europe Elevator Market Analysis, By Application, 2016 – 2023 (USD Billion & Thousand Units)
      7.3.1 Overview
      7.3.2 Europe Commercial Application Market
             7.3.2.1 Europe Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.3.3 Europe Hotels Market
             7.3.3.1 Europe Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.3.4 Europe Retail Market
             7.3.4.1 Europe Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      7.3.5 Europe Residential Market
             7.3.5.1 Europe Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      7.3.6 Europe Transportation Market
             7.3.6.1 Europe Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      7.3.7 Europe Hospital Market
             7.3.7.1 Europe Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      7.3.8 Europe Parking Building Machinery Market
             7.3.8.1 Europe Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      7.3.9 Europe Others Market
             7.3.9.1 Europe Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
7.4 Europe Elevator Market Analysis, By Country, 2016 – 2023 (USD Billion & Thousand Units)
      7.4.1 Overview
      7.4.2 U.K. Elevator Market
             7.4.2.1 U.K. Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.4.3 Germany Elevator Market
             7.4.3.1 Germany Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.4.4 Italy Elevator Market
             7.4.4.1 Italy Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.4.5 France Elevator Market
             7.4.5.1 France Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      7.4.6 Rest of Europe Elevator Market
             7.4.6.1 Rest of Europe Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)

Chapter 8 Asia Pacific Elevators Market Analysis, 2016-2023 (USD Billion & Thousand Units)
8.1 Key Trend
8.2 Asia Pacific Elevator Market Analysis, By Type, 2016 – 2023 (USD Billion & Thousand Units)
      8.2.1 Overview
      8.2.2 Asia Pacific Smart Elevator Market
             8.2.2.1 Asia Pacific Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.2.3 Asia Pacific Conventional Elevator Market
             8.2.3.1 Asia Pacific Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
8.3 Asia Pacific Elevator Market Analysis, By Application, 2016 – 2023 (USD Billion & Thousand Units)
      8.3.1 Overview
      8.3.2 Asia Pacific Commercial Application Market
             8.3.2.1 Asia Pacific Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.3.3 Asia Pacific Hotels Market
             8.3.3.1 Asia Pacific Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.3.4 Asia Pacific Retail Market
             8.3.4.1 Asia Pacific Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      8.3.5 Asia Pacific Residential Market
             8.3.5.1 Asia Pacific Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      8.3.6 Asia Pacific Transportation Market
             8.3.6.1 Asia Pacific Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      8.3.7 Asia Pacific Hospital Market
             8.3.7.1 Asia Pacific Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      8.3.8 Asia Pacific Parking Building Machinery Market
             8.3.8.1 Asia Pacific Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      8.3.9 Asia Pacific Others Market
             8.3.9.1 Asia Pacific Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
8.4 Asia Pacific Elevator Market Analysis, By Country, 2016 – 2023 (USD Billion & Thousand Units)
      8.4.1 Overview
      8.4.2 China Elevator Market
             8.4.2.1 China Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.4.3 India Elevator Market
             8.4.3.1 India Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.4.4 Japan Elevator Market
             8.4.4.1 Japan Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      8.4.5 Rest of Asia Pacific Elevator Market
             8.4.5.1 Rest of Asia Pacific Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)

Chapter 9 Rest Of The World (RoW) Elevator Market Analysis, 2016-2023 (USD billion & Thousand Units)
9.1 Key Trends
9.2 RoW Elevator Market Analysis, By Type, 2016 – 2023 (USD billion & Thousand Units)
      9.2.1 Overview
      9.2.2 RoW Smart Elevator Market
             9.2.2.1 RoW Smart Elevator Market Size qnd Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      9.2.3 RoW Conventional Elevator Market
             9.2.3.1 RoW Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
9.3 RoW Elevator Market Analysis, By Application, 2016 – 2023 (USD Billion & Thousand Units)
      9.3.1 Overview
      9.3.2 RoW Commercial Application Market
             9.3.2.1 RoW Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      9.3.3 RoW Hotels Market
             9.3.3.1 RoW Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      9.3.4 RoW Retail Market
             9.3.4.1 RoW Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      9.3.5 RoW Residential Market
             9.3.5.1 RoW Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      9.3.6 RoW Transportation Market
             9.3.6.1 RoW Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      9.3.7 RoW Hospital Market
             9.3.7.1 RoW Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      9.3.8 RoW Parking Building Machinery Market
             9.3.8.1 RoW Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
      9.3.9 RoW Others Market
             9.3.9.1 RoW Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
9.4 RoW Elevator Market Analysis, By Sub-Regions, 2016 – 2023 (USD billion & Thousand Units)
      9.4.1 Overview
      9.4.2 Latin America Elevator Market
             9.4.2.1 Latin America Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      9.4.3 Middle East Elevator Market
             9.4.3.1 Middle East Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
      9.4.4 Africa Elevator Market
             9.4.4.1 Africa Elevator Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)

Chapter 10 Company Profiles
10.1 Toshiba Corporation
      10.1.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.1.2 Market Presence, By Segment and Geography
      10.1.3 Key Developments
      10.1.4 Strategy and Historical Roadmap
      10.1.5 Revenue and Operating Profits
10.2 Otis Elevator Company
      10.2.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.2.2 Market Presence, By Segment and Geography
      10.2.3 Key Developments
      10.2.4 Strategy and Historical Roadmap
      10.2.5 Revenue and Operating Profits
10.3 Mitsubishi Electric Corporation
      10.3.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.3.2 Market Presence, By Segment and Geography
      10.3.3 Key Developments
      10.3.4 Strategy and Historical Roadmap
      10.3.5 Revenue and Operating Profits
10.4 Schindler Holding Ltd.
      10.4.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.4.2 Market Presence, By Segment and Geography
      10.4.3 Key Developments
      10.4.4 Strategy and Historical Roadmap
      10.4.5 Revenue and Operating Profits
10.5 Hitachi Ltd.
      10.5.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.5.2 Market Presence, By Segment and Geography
      10.5.3 Key Developments
      10.5.4 Strategy and Historical Roadmap
      10.5.5 Revenue and Operating Profits
10.6 Fujitec Co., Ltd.
      10.6.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.6.2 Market Presence, By Segment and Geography
      10.6.3 Key Developments
      10.6.4 Strategy and Historical Roadmap
      10.6.5 Revenue and Operating Profits
10.7 ThyssenKrupp AG
      10.7.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.7.2 Market Presence, By Segment and Geography
      10.7.3 Key Developments
      10.7.4 Strategy and Historical Roadmap
      10.7.5 Revenue and Operating Profits
10.8 KONE Corporation
      10.8.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.8.2 Market Presence, By Segment and Geography
      10.8.3 Key Developments
      10.8.4 Strategy and Historical Roadmap
      10.8.5 Revenue and Operating Profits
10.9 Kleemann Hellas SA
      10.9.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.9.2 Market Presence, By Segment and Geography
      10.9.3 Key Developments
      10.9.4 Strategy and Historical Roadmap
      10.9.5 Revenue and Operating Profits
10.10 Hyundai Elevator Co., Ltd.
      10.10.1 Company Details (HQ, Foundation Year, Employee Strength)
      10.10.2 Market Presence, By Segment and Geography
      10.10.3 Key Developments
      10.10.4 Strategy and Historical Roadmap
      10.10.5 Revenue and Operating Profits

List of Figures 

FIG. 1 Market Segmentation: Global Elevator Market
FIG. 2 Global Urban Population: 2010-2015
FIG. 3 Market Attractiveness Analysis, By Application, 2015
FIG. 4 Market Share by Key Elevator Vendors, 2015 (Value %)
FIG. 5 Global Elevator market share and forecast, Revenue, by Type, 2015 vs. 2023 (%)
FIG. 6 Global Elevator Market Share and Forecast, Volume, By Type, 2015 Vs. 2023 (%)
FIG. 7 Smart elevators Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 8 Conventional elevators Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 9 Global Elevator market share and forecast, Revenue, by Application, 2015 vs. 2023 (Value %)
FIG. 10 Global Elevator market share and forecast, Volume, by Application, 2015 vs. 2023 (Value %)
FIG. 11 Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 12 Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 13 Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 14 Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 15 Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 16 Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 17 Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 18 Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 19 North America Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 20 North America Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 21 North America Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 22 North America Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 23 North America Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 24 North America Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 25 North America Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 26 North America Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 27 North America Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 28 North America Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 29 U.S. Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 30 Canada Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 31 Mexico Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 32 Europe Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 33 Europe Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 34 Europe Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 35 Europe Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 36 Europe Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 37 Europe Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 38 Europe Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 39 Europe Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 40 Europe Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 41 Europe Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 42 U.K. Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 43 Germany Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 44 Italy Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 45 France Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 46 Rest of Europe Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 47 Asia Pacific Smart Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 48 Asia Pacific Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 49 Asia Pacific Commercial Application Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 50 Asia Pacific Hotels Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 51 Asia Pacific Retail Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 52 Asia Pacific Residential Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 53 Asia Pacific Transportation Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 54 Asia Pacific Hospital Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 55 Europe Parking Building Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 56 Asia Pacific Others Market Size and Forecast, 2015 - 2023 (USD Billion & Thousand Units)
FIG. 57 China Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 58 India Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 59 Japan Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 60 Rest of Asia Pacific Market Size and Forecast, 2015 – 2023 (USD Billion & Thousand Units)
FIG. 61 RoW Smart Elevator Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 62 RoW Conventional Elevator Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 63 Row Commercial Application Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 64 RoW Hotels Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 65 RoW  Retail Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 66 RoW Residential Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 67 RoW transportation Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 68 RoW  Hospital Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 69 RoW Parking Building Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 70 RoW  Others Market Size and Forecast, 2015 - 2023 (USD billion & Thousand Units)
FIG. 71 Latin America Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 72 Middle East Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)
FIG. 73 Africa Market Size and Forecast, 2015 – 2023 (USD billion & Thousand Units)

List of Tables

TABLE 1  Global Elevator Market Snapshot
TABLE 2  Drivers of Elevator  Market: Impact Analysis
TABLE 3  Restraints of Elevator Market: Impact Analysis

Elevators and escalators, which have become an integral part of the urban landscape, are installed in various public and private places such as retail outlets, hotels, IT parks, mixed-used buildings, residential buildings, commercial buildings and restaurants for the movement of people and good within the premises. All these public and private places with long walking distances and multiple floors make use of elevators to improve customer experience. The elevators are also installed in airports and vehicle parking. The vendors in the global elevator market compete on the basis of the installation, maintenance and modernization services for gaining prominence in the market. The global elevators market has been segmented on the basis of its types, application areas and geography.

Rapid urbanization and an increase in geriatric population globally coupled with the maintenance and modernization of the existing elevators are strongly driving the growth of the global elevators market. Furthermore, growing green building market facilitating the installation of “energy-efficient elevators” is steadily boosting the market growth. As buildings become more intelligent and rise higher, efficient elevator and escalator systems are having a significant impact by considerably driving down the costs of operating a building and allowing people to travel farther, more efficiently. New technologies adopted by the key players in the elevator market, such as coated steel belts which are helping to replace the conventional cable ropes in a few elevators are allowing for more efficient operation. The conjoint effect of all these drivers is thus set to bolster the growth of the global elevators market during the forecast period.

The continuing evolution of the Internet of Things (IoT) in the elevators market is offering a substantial growth opportunity to the growth of the global market. Internet of Things (IoT) is the interconnection of various devices and equipment which deliver a large amount of data over the internet. IoT makes it possible for a product to collect, exchange and analyse data with its operator, manufacturer and other devices, which is highly relevant to the elevator industry. IoT enables modern elevators to anticipate traffic and respond in real-time intelligently, communicate with service teams and allow passengers to summon the elevators via a mobile application. Further, by using a connected sensor in an elevator, the flow of passengers can be better managed by alleviating wait time. Dominant players in the elevator market such as ThyssenKruup Elevators, Otis Elevator Company and KONE Corporation are joining forces with Microsoft and IBM respectively for augmenting their operations and technological capabilities with IoT cloud services and advanced analytics technologies.

The competitive profiling of the key players in the global elevators which is inclusive of the different business strategies adopted by them and their recent developments, market across the geographic regions of North America, Europe, Asia Pacific and Rest of the World (including Latin America and Middle East and Africa) is covered under the scope of the study. The market attractive analysis of the major application areas has been included in the report, in order to provide a deep insight into the global elevators market.

The global elevators market report is inclusive of the market dynamics, i.e. market drivers, restraints and opportunities which are the distinct that help to understand the trends of the global market. Thus, the report provides exhaustive study of the global elevators market and offers the forecast of the market for the period from 2016 to 2023.

Some of the major players in the global elevators market include, Toshiba Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding Ltd., Hitachi Ltd., ThyssenKrupp AG, Kone Corporation, Kleemann Hellas SA, Hyundai Elevator Co., Ltd and Fujitec Co., Ltd. among others.

The global elevators market has been segmented into:

Global Elevators Market, by Type:

  • Smart Elevators
  • Conventional Elevators

Global Elevators Market, by Application:

  • Commercial
  • Hotels
  • Retail
  • Residential
  • Transportation
  • Hospitals
  • Parking Building
  • Others

Global Elevators Market, by Geography: The market is broadly segmented on the basis of geography into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of APAC
  • Rest of the World
    • Middle East
    • Latin America
    • Africa


 
 
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