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Published Date: 2016-05-26Number of Pages: 115

Smart Elevators and Escalators Market (Type - Elevator (450 kg - 1,150 kg, 1,150kg-1,500kg, 1,500kg-2,000kg), Escalator (Moving Walkway Escalators, Moving Stairs); Application Type - Commercial, Hotels, Retail, Residential, Transportation, Hospital, Parking Building) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

According to the United Nations, the world is presently witnessing the largest wave of urban development. For the very first time in the history of the world, more than half the world’s population is residing in urban dwellings. The swelling number of urban-living population is expected to rise to nearly 5 bn by 2030. The trend of urbanization will lead to the construction of taller commercial and domestic dwellings so as to make the most of sparse spaces in densely populated cities.

The world’s geriatric demographic and middle class population is also rapidly rising. Construction companies are becoming more environmentally responsible and consumer centric. Rising concerns regarding emissions and the major role of the construction industry in producing large volumes of environmentally harmful chemicals and gases throughout the lifecycle of a building are pushing the need for sustainable operations and products.

These trends are collectively driving the increased demand for a variety of smart elevators and escalators across the globe. TMR findings suggest that the market will expand at a favorable 6.3% CAGR from 2015 to 2023. At this rate, the market, which valued US$96.63 bn in 2014, will rise to US$162.56 bn by 2023.

Companies Align Growth Strategies towards Asia Pacific

It is estimated that nearly 7 out of every 10 elevators are installed in Asia Pacific. To remain competitive and exploit the vast growth opportunities in this regional market, major vendors in the smart elevators and escalators market are expanding their reach in major Asia Pacific countries such as India and China, by increasing the number of sales offices and branches.

Schindler Holding Ltd., one of the largest smart elevators and escalators companies in the world, increased the number of sales offices and branches in China to over 200. In their pursuit of growth strategy aimed at expanding presence in this region, many major vendors in the market are making large investments in towards expansion in the region, in the R&D and production capabilities, and in the development of new, innovative, and cost- and energy-efficient products.

Despite the slow economic growth in the past few years, China will remain the largest smart elevator and escalators market globally over the next few years, with growth majorly driven by the country’s rapidly progressing and populating tier 1 cities and increase in other infrastructure-related projects. Growth in India will also be promising for the elevators and escalators market owing to rapid urbanization and several infrastructure development projects.

Flourishing Tourism and Hospitality Sector to Present Major Growth Avenues

The market for smart elevators and escalators is presently dominated by the residential and transportation sectors and is projected to witness very few changes in the overall contribution of crucial application segments in market’s revenues. The hotels segment will benefit from the rising numbers of budget and luxury hotels across the globe. Hotels contributed to a modest 11.2% revenue share in the global smart elevators and escalators market in 2014 and is expected to exhibit a 6.9% CAGR from 2015 to 2023. Rising numbers of supermarkets, hypermarkets, and rise in warehousing operations in the retail industry will also benefit the global smart elevators and escalators market gain sustainable growth over the said period.

Despite the presence of a large number of companies, the global smart elevators and escalators market is majorly consolidated, with the top four companies accounting for a share of over 61% in the global market in 2015. Other than the top our contenders in the market, Otis Elevator Company, Schindler Holding Ltd., Kone Corporation, and ThyssenKrupp AG, some of the most prominent vendors are Cisco Systems, Inc., Toshiba Corporation, Fujitec Co., Ltd., Mitsubishi Electric Corporation, Hitachi Ltd., and Kleemann Hellas SA.

Table of Contents

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Key Take Away
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Smart Elevator and Escalator Market Snapshot

Chapter 3 Market Overview
3.1 Introduction
3.2 Key Trend Analysis
3.3 Market Dynamics
     3.3.1 Market Drivers
            3.3.1.1 Increasing Urbanization and Increase in the Geriatric Population 
            3.3.1.2 Increasing Construction and Architectural Activities
            3.3.1.3 Improved World Economies
     3.3.2 Market Restraints
            3.3.2.1 Low Replacement Rate 
     3.3.3 Market Opportunities
            3.3.3.1 Growth of Green Building
3.4 Competitive Landscape
     3.4.1 Competitive Strategies Adopted, By Major Player 
3.5 Smart Elevator and Escalator: Market attractiveness analysis

Chapter 4 Global Smart Elevator and Escalator Market Analysis, by Type
4.1 Overview
4.2 Smart Elevator Market, Market size and forecast (USD Billion), 2014 – 2023
     4.2.1 Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators
4.3 Global Smart Escalator Market, Market size and forecast (USD Billion), 2014 – 2023
     4.3.1 Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator

Chapter 5 Global Smart Elevator and Escalator Market: By Application Type
5.1 Overview
5.2 Smart Escalators and Elevators market revenue share, 2014 – 2023 
5.3 Commercial Application Market, 2014-2023 Revenue Forecast 
5.4 Hotels Application Market, 2014-2023: Revenue forecast 
5.5 Retails Application Market, 2014-2023: Revenue Forecast 
5.6 Residential Application Market, 2014-2023: Revenue Forecast 
5.7 Transportation Application Market, 2014-2023: Revenue Forecast 
5.8 Hospital Application Market, 2014-2023: Revenue Forecast 
5.9 Parking Building Application Market, 2014-2023: Revenue Forecast 
5.10 Others Application Market, 2014-2023: Revenue Forecast 

Chapter 6 Global Smart Elevator and Escalator Market –By Region
6.1 Global Smart Elevator and Escalator Market: Regional overview
     6.1.1 By Region: Revenue share, 2014 – 2023
6.2 North America Smart Elevator and Escalator market, 2014 – 2023, (USD Billion) 
     6.2.1 North America Smart Elevator and Escalator Market, By Type, 2014 – 2023, (USD Billion) 
     6.2.2 North America Smart Elevator and Escalator Market, by Application 2014 – 2023, (USD Billion)
     6.2.3 U.S. Smart Elevator and Escalator Market, Revenue Forecast, 2014 – 2023 (USD Billion)
     6.2.4 Canada Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.2.5 Mexico, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
6.3 Europe Smart Elevator and Escalator Market
     6.3.1 Europe Smart Elevator and Escalator Market, Revenue Forecast, 2014 – 2023, (USD Billion) 
     6.3.2 Europe Smart Elevator and Escalator Market, Revenue Forecast, By Type, 2014 – 2023,(USD Billion) 
     6.3.3 Europe Smart Elevator and Escalator Market, Revenue Forecast, By Application, 2014 – 2023, (USD Billion)
     6.3.4 U.K. Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.3.5 Germany, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.3.6 France Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.3.7 Italy, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.3.8 Rest of Europe, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
6.4 Asia Pacific Smart Elevator and Escalator Market
     6.4.1 Asia Pacific Smart Elevator and Escalator Market, Revenue Forecast, 2014 – 2023, (USD Billion) 
     6.4.2 Asia Pacific Smart Elevator and Escalator Market, Revenue Forecast, By Type, 2014 – 2023,(USD Billion) 
     6.4.3 Asia Pacific Smart Elevator and Escalator Market, Revenue Forecast, By Application, 2014 – 2023, (USD Billion)
     6.4.4 China Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.4.5 Japan, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.4.6 India, Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.4.7 Rest of Asia Pacific Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
6.5 Rest of the World (RoW) Smart Elevator and Escalator Market
     6.5.1 RoW Smart Elevator and Escalator Market, Revenue Forecast, 2014 – 2023, (USD Billion) 
     6.5.2 RoW Smart Elevator and Escalator Market, Revenue Forecast, By Type, 2014 – 2023,(USD Billion) 
     6.5.3 RoW Smart Elevator and Escalator Market, Revenue Forecast, By Application, 2014 – 2023, (USD Billion) 
     6.5.4 Latin America Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.5.5 Middle East Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)
     6.5.6 Africa Smart Elevator and Escalator Market, Revenue and Forecast, 2014 – 2023 (USD Billion)91

Chapter 7 Company Profiles
7.1 Cisco Systems, Inc 
7.2 Toshiba Corporation 
7.3 Otis Elevator Company 
7.4 Mitsubishi Electric Corporation
7.5 Schindler Holding Ltd. 
7.6 Hitachi Ltd 
7.7 Fujitec Co., Ltd.
7.8 ThyssenKrupp AG 
7.9 Kone Corporation 
7.10 Kleemann Hellas SA

List of Figures 

FIG.1 Market Positioning of Key Players
FIG.2 Market Attractiveness Analysis, by Technology Type
FIG.3 Global Smart Elevator Market, 2014 – 2023, (USD Billion) 
FIG.4 Global Smart Escalator Market, 2014 – 2023, (USD Billion) 
FIG.5 Global Smart Elevator and Escalator Market Revenue Share, by Application, 2014 – 2023 (%)
FIG 6 Global Commercial Application Segment, 2014 – 2023, (USD Billion)
FIG 7 Global Hotels Segment, 2014 – 2023, (USD Billion)
FIG 8 Global Retails Segment, 2014 – 2023, (USD Billion)
FIG 9 Global Residentials Segment, 2014 – 2023, (USD Billion)
FIG 10 Global Transportation Segment, 2014 – 2023, (USD Billion)
FIG 11 Global Hospitals Segment, 2014 – 2023, (USD Billion)
FIG 12 Global Parking Segment, 2014 – 2023, (USD Billion)
FIG 13 Global Transportation Segment, 2014 – 2023, (USD Billion)
FIG.14 Global Smart Elevator and Escalator Market Revenue Share, by Region, 2014 – 2023 (%)
FIG.15 North America Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.16 U.S. Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.17 Canada Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.18 Mexico Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.19 Europe Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.20 U.K. Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.21 Italy Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.22 Germany Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.23 France Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.24 Rest of Europe Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.25 Asia Pacific Smart Elevator and Escalator Market , 2014 – 2023, (USD Billion) 
FIG.26 China Smart Elevator and Escalator Market , 2014 – 2023, (USD Billion) 
FIG.27 India Smart Elevator and Escalator Market , 2014 – 2023, (USD Billion) 
FIG.28 Japan Smart Elevator and Escalator Market , 2014 – 2023, (USD Billion) 
FIG.29 Rest of Asia Pacific Smart Elevator and Escalator Market , 2014 – 2023, (USD Billion) 
FIG.30 Rest of the World Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.31 Latin America Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.32 Middle East Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.33 Africa Smart Elevator and Escalator Market, 2014 – 2023, (USD Billion) 
FIG.34 Cisco System Inc. Annual Revenue 2012 – 2014, (USD Billion) 
FIG.35 Toshiba Corporation Annual Revenue, 2012 – 2014 (USD Billion) 
FIG.36 Otis Elevator Company Annual Revenue 2012 – 2014, (USD Billion) 
FIG.37 Mitsubishi Electric Corporation Annual Revenue 2012– 2014, (USD Billion) 
FIG.38 Schindler Holding Ltd. Annual Revenue 2012– 2014, (USD Billion) 
FIG.39 Hitachi Ltd. Annual Revenue 2012– 2014, (USD Billion) 
FIG.40 Fujitec Co., Ltd. Annual Revenue 2012– 2014, (USD Billion) 
FIG.41 ThyssenKrupp AG Annual Revenue 2012– 2014, (USD Billion) 
FIG.42 Kone Corporation Annual Revenue 2012– 2014, (USD Billion) 
FIG.43 Kleemann Hellas SA Annual Revenue 2012– 2014, (USD Billion) 

List of Tables

TABLE 1 Snapshot: Global Smart Elevator and Escalator Market
TABLE 2 Global Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators
TABLE 3 Global Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator 
TABLE 4 North America Smart Elevator and Escalator Market, by Type, 2014 – 2023, (USD Billion) 
TABLE 5 North America Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators 
TABLE 6 North America Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator 
TABLE 7 North America Smart Elevator and Escalator Market, by Application, 2014 – 2023, (USD Billion) 
TABLE 8 Europe Smart Elevator and Escalator market, by Type, 2014 – 2023, (USD Billion) 
TABLE 9 Europe Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators 
TABLE 10 Europe Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator 
TABLE 11 Europe Smart Elevator and Escalator market, by Application, 2014 – 2023, (USD Billion) 
TABLE 12 Asia Pacific Smart Elevator and Escalator Market, by Type, 2014 – 2023, (USD Billion) 
TABLE 13 Asia Pacific Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators 
TABLE 14 Asia Pacific Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator 
TABLE 15 Asia Pacific Smart Elevator and Escalator Market, by Application, 2014 – 2023, (USD Billion) 
TABLE 16 Rest of the World Smart Elevator and Escalator Market, by Type, 2014 – 2023, (USD Billion) 
TABLE 17 Rest of the World Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Elevators 
TABLE 18 Rest of the World Smart Escalators and Elevators Market, 2014-2023: Revenue Forecast: Revenue Forecast, By Smart Escalator 
TABLE 19 Rest of the World Smart Elevator and Escalator Market, by Application, 2014 – 2023, (USD Billion)

Smart elevators and escalators are installed in mixed-used buildings, hotels, commercial buildings, IT parks, residential buildings, restaurants, and retail outlets among others. Aging population is likely to be the key factor driving the smart elevator and escalator market during the forecast period. In addition, increasing geriatric population in countries such as Japan and China is expected to fuel demand for smart elevators and escalators. Asia Pacific is expected to grow at a high rate which will affect the market positively during the forecast period 2015 – 2023. Factors such as the growth of the global urban population, aging population, changing demographics, and urbanization among others are likely to boost the growth of the market in the near future. Rapid urbanization in developing nations such as Middle East, India and China and migration of population from rural areas to urban areas is key factor fueling the demand for new installation of smart elevators and escalators market. One of the major factors driving the market is installation of smart elevators and escalators in mid-rise and high-rise buildings.

There has been an increase in construction activities in developing countries of Asia Pacific and RoW. The booming construction sector in countries such as China, India, Philippines and Indonesia is generating potential growth opportunities for the smart elevators and escalators market. In addition, industrial infrastructure in nations such as Indonesia, India and Brazil are witnessing major increase in demand for smart elevators and escalators in the last few years. This increase in demand is driven by large expenditure by public and private companies on airport development, housing, ports and rail transport. This, in turn, is likely to boost the growth of the smart elevators and escalators market during the forecast period.

Ageing population in countries such as Japan, U.S., Mexico and China among others is the key factor driving the smart elevator and escalator market during the forecast period. According to Population Reference Bureau (P.R.B.), in 2015, 40 million people in the U.S. are above the age of 60, but this number is expected to be double by 2050. In addition, Asia Pacific is expected to grow at a high rate during the forecast period of 2015 – 2023. Factors such as the growth of the global urban population and increasing number of population growth, aging population, changing demographics and urbanization among others are boosting the growth of the market in near future.

Based on type, the global market has been segmented into elevator and escalators. The smart escalators and elevators market is dominated by the elevators segment. The elevators market is further sub divided into elevator capacity types 450 - 1,150 kg, 1,150kg-1,500kg, 1,500kg-2,000kg and others. The escalators market is further classified into moving walkway escalators and moving stairs. Smart elevator is mainly driven by the increasing number of super tall and high rise building that demand energy efficient, secure and faster vertical transportation systems.

The global market by application is segmented into eight types: commercial, hotels, retail, residential, transportation, hospital, parking building and others. The smart escalators and elevators market is dominated by the transportation segment, followed by residential application. This increasing demand of smart escalators and elevators in the transportation segment is driven by large expenditure on airport development, ports and rail transport. The smart escalator and elevator market held a revenue of USD 96.63 billion in 2014 and expected to reach USD 162.56 billion, expanding at a CAGR of 6.3% during the forecast period.

A comprehensive analysis of market dynamics that include the market drivers, restraints and opportunities is included under the purview of the study. Market dynamics are the distinct factors which exert an influence on the growth of a particular market and therefore help in studying the current trends of the global market. Thus, this report offers an inclusive study of the global smart elevators and escalators market, along with providing the forecast of the market for the period from 2015 to 2023.

Key players profiled in this report include Cisco Systems, Inc (U.S.), Toshiba Corporation (Japan), Otis Elevator Company (U.S.), Mitsubishi Electric Corporation (Japan), Schindler Holding Ltd.(Switzerland), Hitachi Ltd.(Japan), Fujitec Co., Ltd. (Japan), ThyssenKrupp AG (Germany), Kone Corporation (Finland), Kleemann Hellas SA (Greece) among others.

The segments covered in the Smart Elevator and Escalator market are as follows:

Global Smart Elevator and Escalator Market: By Type

  • Elevator
    • 450 kg - 1,150 kg
    • 1,150kg-1,500kg
    • 1,500kg-2,000kg
    •  
  • Escalator
    • Moving Walkway Escalators
    • Moving Stairs

Global Smart Elevator and Escalator Market: By Application Type

  • Commercial
  • Hotels
  • Retail
  • Residential
  • Transportation
  • Hospital
  • Parking Building

Global Smart Elevator and Escalator Market: By Geography

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


 
 
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