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Elevator & Escalator Market

Elevator & Escalator Market (Product Type: Elevator and Escalator; Elevator Type: Passenger Elevators and Freight Elevators; Escalator Type: Step Type and Belt Type; and End Use: Commercial, Residential, and Mixed Block) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

People Flow Solutions for Elevators Increase Footfall in Public Places amid Coronavirus

Innovative measures, such as contact-free operation of lifts via smartphone apps and elevator air purifiers are helping companies in the elevator & escalator market emerge strong during the coronavirus outbreak. Lift majors Kone and Johnson are rolling out safety measures such as remote calling of elevators using WhatsApp to prevent the spread of the COVID-19 virus.

The restricted movement of people in public places has slowed down sales and repair business of elevators. Hence, companies in the elevator & escalator market are introducing people flow solutions that are being used at metro stations and in residential buildings. These solutions include elevator remote calling feature using WhatsApp, which omits the need to touch contaminated buttons and displays.

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Pros, Cons of Hydraulic Elevators and Its Significance in China

High security, extraordinary shaft utilization, and low civil engineering requirements are some of the advantages of hydraulic elevators. However, in several cases, motor noise, hydraulic oil leak, and high installation costs are hampering the sales of hydraulic elevators. As such, the prevention of over-speeding and loss of control are contributing to the popularity of hydraulic elevators. These elevators do not require a machine room and the foundation pit can also be very shallow.

Low requirements of civil construction for hydraulic elevators are grabbing the attention of users in China. However, these elevators are not preferred in high-rise buildings in China, owing to high population density. As such, it is necessary to have high skills and experience in installation workers to establish hydraulic elevators.

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Traction Elevators versus Pneumatic Elevators: Which is Better?

New trends in elevators and escalators, such as smart lifts, traction elevators, and pneumatic elevators are creating value grab opportunities for manufacturers. Traction lifts are found to travel faster than hydraulic lifts, and can be used in both high-rise and mid-rise buildings. Hence, companies in the elevator & escalator market are pushing the sales of traction elevators in high-rise buildings of China, owing to high population density.

Pneumatic elevators, on the other hand, are being highly publicized, since they use vacuum and a valve to move the elevator car upward and air to move it. Manufacturers in the elevator & escalator market are targeting pneumatic lifts for places where there is a limited passenger footfall. These lifts are being designed in wheel-chair accessible mode.

Moving Walkway Solutions Gain Prominence at New Airport Projects, Shopping Malls

The elevator & escalator market is slated to clock a favorable CAGR of 7% during the forecast period, as companies are shifting their manufacturing capabilities to moving walkway solutions. Hitachi’s moving walkways are acquiring popularity as futuristic technology to move a large number of people with least waiting time. Stakeholders are taking cues from such companies to increase the availability of horizontal and inclined moving walkways that offer flexibility to clients for using them in different environments.

Emergence of new airport projects, launch of shopping malls in tier 1 & tier 2 cities, and renovations of railway stations are fueling the demand for moving walkway solutions. Such trends are translating into revenue opportunities for companies in the elevator & escalator market.

Next Gen Mobility Solutions Offering Time, Energy Efficiencies in Urban India

The elevator & escalator market is projected to surpass the revenue of US$ 66.3 Bn by 2031. Automatic door solutions and human insight-driven designs are being preferred by users. Companies such as thyssenkrupp are gaining prominence in India for the next gen solutions namely MULTI, ropeless elevators, and their cloud-based predictive maintenance service.

Companies in the elevator & escalator market are increasing efforts to develop state-of-the-art systems that offer time and energy efficiencies. These modern solutions are being preferred for the urbanization and transformation of smart cities in India. Companies are broadening their revenue streams in passenger boarding bridges and intelligent gate systems.

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Analysts’ Viewpoint

The Germany-based startup UVIS is gaining attention for its coronavirus killing escalators integrated with a UV (ultraviolet) light box, which helps to disinfect handrails. Hydraulic elevators are gaining recognition for their self-rescue advantage in case people are trapped in the elevator car. However, they are not preferred in high-rise buildings, owing to their limitations in design. Hence, companies in the elevator & escalator market should increase the availability of traction elevators that can be used in both mid-rise and high-rise buildings. Manufacturers are expanding their systems in passenger boarding bridges and ground support equipment. MRL elevators are creating revenue opportunities for companies in the elevator & escalator market, since they offer space efficiency.

Elevator & Escalator Market: Overview

  • According to the latest market report published by Transparency Market Research on the elevator & escalator market for the period 20212031 (wherein 2021 to 2031 is the forecast period and 2020 is the base year), maintenance and modernization of existing elevators & escalators are key factors responsible for the growth of the elevator & escalator market
  • Globally, revenue generated by the elevator & escalator market was valued over US$ 31.6 Bn in 2020, which is expected to expand at a CAGR of 7%, in terms of value, during the forecast period

Increase in Construction of Skyscrapers: Key Driver of Elevator & Escalator Market

  • Demand for skyscrapers is increasing globally, helping to boost the high-rise elevator & escalator market. Planners and developers are starting to turn to luxury residential towers due to the shrinking supply of land combined with increasing population. Big cities around the globe are increasingly adopting and building skyscrapers for commercial, mic block, and residential proposes. The aim of skyscrapers is steadily changing, from a show of wealth and decadence, to luxury office space. Additionally, high-rise buildings are now offering premium quality housing, providing a great quality of life.
  • Rising trend to modernize existing and aging infrastructure is observed in the elevator & escalator market in recent years. Aging of the existing installed base of elevators & escalators coupled with the need to comply with safety requirements of elevators & escalators are the key factors fueling the elevator & escalator market. Modernization of elevators and escalators increases their energy saving potential up to 70%, which is the major factor boosting market growth.

Continuing Evolution of Internet of Things (IoT) in Elevators & Escalators: Significant Opportunity for Market

  • The integration of IoT with elevators & escalators is offering a potential growth opportunity to the global elevator & escalator market. IoT makes it possible for a product to collect, exchange, and analyze data with its operator, manufacturer, and other devices, which is highly relevant to the elevator & escalator industry. IoT enables modern elevators & escalators to anticipate traffic and respond in real-time intelligently, communicate with service teams, and allow passengers to summon the elevator & escalators via a mobile application. Moreover, by using a connected sensor in an elevator and escalator, the flow of passengers can be better managed by lessening wait time.

Growing Construction/Real Estate Sector: Key Trend of Elevator & Escalator Market

  • Commercial and mixed-block development trend is on the rise. In real estate, trends come and go. In recent years, the pendulum has shifted back to the mixed block. As a result, mixed block development has become increasingly popular. There has been a rise in the construction of mixed block high-rise buildings. Mixed block tall buildings can include residential blocks, offices, retail, serviced apartments, exhibition centers, hotels, casinos, etc. This is a factor driving the elevator & escalator market.

Stringent Government Regulations Expected to Hamper Growth of the Market

  • Stringent government regulations and policies governing the safety standards of elevators and escalators have compelled manufacturers to adhere to strict standards and certifications, and this is a challenge for the elevator & escalator market. Almost half of fatal elevator accidents involve workers engaged in maintenance or repairing of elevators. However, accidents involving passengers draw the maximum attention. Strict maintenance requirements and safety standards help keep elevators & escalators safe from these incidents. Manufacturers of elevators & escalators are required to abide by safety standards mandated by governments in different regions.

Elevator & Escalator Market: Competition Landscape

  • Detailed profiles of manufacturers of elevators & escalators have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the elevator & escalator market include
    • Fujitec Co. Ltd.
    • Hitachi, Ltd.
    • Hyundai Elevator Co., Ltd.
    • KONE Oyj
    • Mitsubishi Electric Corporation
    • Orona Group
    • Otis Elevator Company
    • Schindler Group
    • thyssenKrupp AG
    • Toshiba Corporation

Elevator & Escalator Market: Key Developments

  • Prominent players in the elevator & escalator market are increasing investments on innovative products to fulfill the needs of end users and offer them customized solutions. Manufacturers are also planning to expand their product range and presence in various geographies through mergers & acquisitions and offer customized solutions to end users.
  • Some other key developments in the elevator & escalator market are highlighted below:
    • In November 2018, thyssenkrupp Elevator introduced two new elevator product lines, ‘synergy’ and ‘evolution’ for low- and mid-rise buildings in Europe. These new product lines are a response to increasing market need for enhanced design, quality, and service, and proves Thyssenkrupp’s commitment to providing the best possible customer experience. The completely re-engineered “synergy” and “evolution” include three models each: 100/200/300, and offer comfortable and safe transportation in low-rise and mid-rise buildings for residential, commercial, and infrastructure applications.
    • In December 2018, Orona Group collaborated with India's Gilco Global. Gilco Global Private Limited is the official Orona authorized distributor of the Orona 3G product platform in India.

Elevator & Escalator Market – Segmentation

TMR’s study on the global elevator & escalator market includes information categorized into five sections ? product type, elevator type, escalator type, end use, and region. Changing industry trends and other crucial market dynamics associated with these sections of the elevator & escalator market have been discussed in detail.

Product Type
  • Elevator
  • Escalator
Elevator Type
  • Passenger Elevators
  • Freight Elevators
Escalator Type
  • Step Type
  • Belt Type
End Use
  • Commercial
  • Residential
  • Offices
  • Hospitals/Care
  • Hospitality
  • Mixed Block
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America
Elevator & Escalator Market

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Frequently Asked Questions

At What CAGR Elevator & Escalator Market Predicted to Grow during the Forecast Period?

Elevator & Escalator Market Predicted to 7% CAGR during the Forecast Period.

What is The Forecast Period of Elevator & Escalator Market?

Elevator & Escalator Market Forecast till 2031

Who Are the Players Involved in the Elevator & Escalator Market?

Fujitec Co. Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., KONE Oyj, Mitsubishi Electric Corporation

Which Region Lead Elevator & Escalator Market?

North America Highly Lucrative Markets

What Would Be the Valuation of the Elevator & Escalator Market by 2031?

The Elevator & Escalator Market Would be US$ 66.3 Bn By 2031

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary 

5. Market Overview

    5.1. Introduction

    5.2. Market Dynamics

        5.2.1. Drivers

        5.2.2. Restraints

        5.2.3. Opportunities

    5.3. Technological Overview

    5.4. Key Trends Analysis

        5.4.1. Demand Side

        5.4.2. Supply Side

    5.5. Key Market Indicators

        5.5.1. Upcoming Projects in Europe 

        5.5.2. Number of High-rise Buildings, by Country

    5.6. SWOT Analysis

    5.7. Porter’s Five Forces Analysis

    5.8. Value Chain Analysis

    5.9. Global Elevator & Escalator Market Analysis and Forecast, 2017 - 2031

        5.9.1. Market Value Projection (US$ Mn)

        5.9.2. Market Value Projection (Thousand Units)

6. Global Elevator & Escalator Market Analysis and Forecast, By Product Type

    6.1. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 – 2031

        6.1.1. Elevator

        6.1.2. Escalator

    6.2. Incremental Opportunity Analysis, By Product Type

7. Global Elevator & Escalator Market Analysis and Forecast, By Elevator Type

    7.1. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 – 2031

        7.1.1. Passenger Elevators

        7.1.2. Freight Elevators 

    7.2. Incremental Opportunity Analysis, by Application

8. Global Elevator & Escalator Market Analysis and Forecast, By Escalator Type

    8.1. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 - 2031

        8.1.1. Step Type

        8.1.2. Belt Type

    8.2. Incremental Opportunity Analysis, by Escalator Type

9. Global Elevator & Escalator Market Analysis and Forecast, By End-use

    9.1. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 - 2031

        9.1.1. Residential

        9.1.2. Commercial

            9.1.2.1. Offices

            9.1.2.2. Hospitals/Care

            9.1.2.3. Hospitality

            9.1.2.4. Others

        9.1.3. Mixed Block

    9.2. Incremental Opportunity Analysis, By End-use

10. Global Elevator & Escalator Market Analysis and Forecast, By Region

    10.1. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, by Region, 2017 - 2031

        10.1.1. North America

        10.1.2. Europe

        10.1.3. Asia Pacific

        10.1.4. Middle East & Africa

        10.1.5. South America

    10.2. Incremental Opportunity Analysis, by Region

11. North America Elevator & Escalator Market Analysis and Forecast 

    11.1. Regional Snapshot

        11.1.1. By Product Type

        11.1.2. By Elevator Type

        11.1.3. By Escalator Type

        11.1.4. By End-use

        11.1.5. By Country/Sub-region

    11.2. Key Trend Analysis

        11.2.1. Supply Side

        11.2.2. Demand Side

    11.3. New Installation, By Elevator & Escalator Type

        11.3.1. Volume

        11.3.2. Value

    11.4. Market Share Analysis, By Key Players (New Installation)

    11.5. Market Share Analysis, By Key Players (Maintenance)

    11.6. Maintenance Market (installed + new), By Thousand Units

    11.7. Average Price

        11.7.1. Basic Contract

        11.7.2. Comprehensive Contract

        11.7.3. All-In Maintenance Contract

    11.8. Average Maintenance Visits

    11.9. Elevator & Escalator Share (%) By End-use

        11.9.1. New Installation

        11.9.2. Installed

    11.10. Price Trend Analysis

        11.10.1. Weighted Average Price

        11.10.2. New Installation

    11.11. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 – 2031

        11.11.1. Elevator

        11.11.2. Escalator

    11.12. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 – 2031

        11.12.1. Passenger Elevators

        11.12.2. Freight Elevators 

    11.13. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 – 2031

        11.13.1. Step Type

        11.13.2. Belt Type

    11.14. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 – 2031

        11.14.1. Residential

        11.14.2. Commercial

            11.14.2.1. Offices

            11.14.2.2. Hospitals/Care

            11.14.2.3. Hospitality

            11.14.2.4. Others

        11.14.3. Mixed Block

    11.15. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Country/Sub-region, 2017 - 2031

        11.15.1. U.S.

        11.15.2. Canada

        11.15.3. Rest of North America

    11.16. Incremental Opportunity Analysis 

12. Europe Elevator & Escalator Market Analysis and Forecast 

    12.1. Regional Snapshot

        12.1.1. By Product Type

        12.1.2. By Elevator Type

        12.1.3. By Escalator Type

        12.1.4. By End-use

        12.1.5. By Country/Sub-region

    12.2. Key Trend Analysis

        12.2.1. Supply Side

        12.2.2. Demand Side

    12.3. New Installation, By Elevator & Escalator Type

        12.3.1. Volume

        12.3.2. Value

    12.4. Market Share Analysis, By Key Players (New Installation)

    12.5. Market Share Analysis, By Key Players (Maintenance)

    12.6. Maintenance Market (installed + new), By Thousand Units

    12.7. Average Price

        12.7.1. Basic Contract

        12.7.2. Comprehensive Contract

        12.7.3. All-In Maintenance Contract

    12.8. Average Maintenance Visits

    12.9. Elevator & Escalator Share (%) By End-use

        12.9.1. New Installation

        12.9.2. Installed

    12.10. Price Trend Analysis

        12.10.1. Weighted Average Price

        12.10.2. New Installation

    12.11. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 - 2031

        12.11.1. Elevator

        12.11.2. Escalator

    12.12. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 - 2031

        12.12.1. Passenger Elevators

        12.12.2. Freight Elevators 

    12.13. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 - 2031

        12.13.1. Step Type

        12.13.2. Belt Type

    12.14. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 - 2031

        12.14.1. Residential

        12.14.2. Commercial

            12.14.2.1. Offices

            12.14.2.2. Hospitals/Care

            12.14.2.3. Hospitality

            12.14.2.4. Others

        12.14.3. Mixed Block

    12.15. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Country/Sub-region, 2017 - 2031

        12.15.1. Germany

        12.15.2. U.K.

        12.15.3. France

        12.15.4. Rest of Europe

    12.16. Incremental Opportunity Analysis 

13. Asia Pacific Elevator & Escalator Market Analysis and Forecast 

    13.1. Regional Snapshot

        13.1.1. By Product Type

        13.1.2. By Elevator Type

        13.1.3. By Escalator Type

        13.1.4. By End-use

        13.1.5. By Country/Sub-region

    13.2. Key Trend Analysis

        13.2.1. Supply Side

        13.2.2. Demand Side

    13.3. New Installation, By Elevator & Escalator Type

        13.3.1. Volume

        13.3.2. Value

    13.4. Market Share Analysis, By Key Players (New Installation)

    13.5. Market Share Analysis, By Key Players (Maintenance)

    13.6. Maintenance Market (installed + new), By Thousand Units

    13.7. Average Price

        13.7.1. Basic Contract

        13.7.2. Comprehensive Contract

        13.7.3. All-In Maintenance Contract

    13.8. Average Maintenance Visits

    13.9. Elevator & Escalator Share (%) By End-use

        13.9.1. New Installation

        13.9.2. Installed

    13.10. Price Trend Analysis

        13.10.1. Weighted Average Price

        13.10.2. New Installation

    13.11. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 - 2031

        13.11.1. Elevator

        13.11.2. Escalator

    13.12. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 - 2031

        13.12.1. Passenger Elevators

        13.12.2. Freight Elevators 

    13.13. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 - 2031

        13.13.1. Step Type

        13.13.2. Belt Type

    13.14. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 - 2031

        13.14.1. Residential

        13.14.2. Commercial

            13.14.2.1. Offices

            13.14.2.2. Hospitals/Care

            13.14.2.3. Hospitality

            13.14.2.4. Others

        13.14.3. Mixed Block

    13.15. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Country/Sub-region, 2017 - 2031

        13.15.1. China

        13.15.2. Japan

        13.15.3. India

        13.15.4. Rest of Asia Pacific

14. Middle East & Africa Elevator & Escalator Market Analysis and Forecast 

    14.1. Regional Snapshot

        14.1.1. By Product Type

        14.1.2. By Elevator Type

        14.1.3. By Escalator Type

        14.1.4. By End-use

        14.1.5. By Country/Sub-region

    14.2. Key Trend Analysis

        14.2.1. Supply Side

        14.2.2. Demand Side

    14.3. New Installation, By Elevator & Escalator Type

        14.3.1. Volume

        14.3.2. Value

    14.4. Market Share Analysis, By Key Players (New Installation)

    14.5. Market Share Analysis, By Key Players (Maintenance)

    14.6. Maintenance Market (installed + new), By Thousand Units

    14.7. Average Price

        14.7.1. Basic Contract

        14.7.2. Comprehensive Contract

        14.7.3. All-In Maintenance Contract

    14.8. Average Maintenance Visits

    14.9. Elevator & Escalator Share (%) By End-use

        14.9.1. New Installation

        14.9.2. Installed

    14.10. Price Trend Analysis

        14.10.1. Weighted Average Price

        14.10.2. New Installation

    14.11. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 - 2031

        14.11.1. Elevator

        14.11.2. Escalator

    14.12. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 - 2031

        14.12.1. Passenger Elevators

        14.12.2. Freight Elevators 

    14.13. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 - 2031

        14.13.1. Step Type

        14.13.2. Belt Type

    14.14. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 - 2031

        14.14.1. Residential

        14.14.2. Commercial

            14.14.2.1. Offices

            14.14.2.2. Hospitals/Care

            14.14.2.3. Hospitality

            14.14.2.4. Others

        14.14.3. Mixed Block

    14.15. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Country/Sub-region, 2017 - 2031

        14.15.1. GCC

        14.15.2. South Africa

        14.15.3. Rest of Middle East & Africa

15. South America Elevator & Escalator Market Analysis and Forecast 

    15.1. Regional Snapshot

        15.1.1. By Product Type

        15.1.2. By Elevator Type

        15.1.3. By Escalator Type

        15.1.4. By End-use

        15.1.5. By Country/Sub-region

    15.2. Key Trend Analysis

        15.2.1. Supply Side

        15.2.2. Demand Side

    15.3. New Installation, By Elevator & Escalator Type

        15.3.1. Volume

        15.3.2. Value

    15.4. Market Share Analysis, By Key Players (New Installation)

    15.5. Market Share Analysis, By Key Players (Maintenance)

    15.6. Maintenance Market (installed + new), By Thousand Units

    15.7. Average Price

        15.7.1. Basic Contract

        15.7.2. Comprehensive Contract

        15.7.3. All-In Maintenance Contract

    15.8. Average Maintenance Visits

    15.9. Elevator & Escalator Share (%) By End-use

        15.9.1. New Installation

        15.9.2. Installed

    15.10. Price Trend Analysis

        15.10.1. Weighted Average Price

        15.10.2. New Installation

    15.11. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Product Type, 2017 - 2031

        15.11.1. Elevator

        15.11.2. Escalator

    15.12. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Elevator Type, 2017 - 2031

        15.12.1. Passenger Elevators

        15.12.2. Freight Elevators 

    15.13. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Escalator Type, 2017 - 2031

        15.13.1. Step Type

        15.13.2. Belt Type

    15.14. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By End-use, 2017 - 2031

        15.14.1. Residential

        15.14.2. Commercial

            15.14.2.1. Offices

            15.14.2.2. Hospitals/Care

            15.14.2.3. Hospitality

            15.14.2.4. Others

        15.14.3. Mixed Block

    15.15. Elevator & Escalator Market Size (US$ Mn & Thousand Units) Forecast, By Country/Sub-region, 2017 - 2031

        15.15.1. Brazil

        15.15.2. Rest of South America

16. Competition Landscape

    16.1. Market Player – Competition Matrix

    16.2. Company Profiles for Elevator & Escalator [Company Overview, Product Portfolio, Financial Information (Subject to Data Availability), Business Strategies / Recent Developments]

        16.2.1. Fujitec Co. Ltd.

            16.2.1.1. Company Overview

            16.2.1.2. Product Portfolio

            16.2.1.3. Financial Information (Subject to Data Availability)

            16.2.1.4. Business Strategies / Recent Developments

        16.2.2. Hitachi, Ltd.

            16.2.2.1. Company Overview

            16.2.2.2. Product Portfolio

            16.2.2.3. Financial Information (Subject to Data Availability)

            16.2.2.4. Business Strategies / Recent Developments

        16.2.3. Hyundai Elevator Co., Ltd.

            16.2.3.1. Company Overview

            16.2.3.2. Product Portfolio

            16.2.3.3. Financial Information (Subject to Data Availability)

            16.2.3.4. Business Strategies / Recent Developments

        16.2.4. KONE Oyj

            16.2.4.1. Company Overview

            16.2.4.2. Product Portfolio

            16.2.4.3. Financial Information (Subject to Data Availability)

            16.2.4.4. Business Strategies / Recent Developments

        16.2.5. Mitsubishi Electric Corporation

            16.2.5.1. Company Overview

            16.2.5.2. Product Portfolio

            16.2.5.3. Financial Information (Subject to Data Availability)

            16.2.5.4. Business Strategies / Recent Developments

        16.2.6. Orona Group

            16.2.6.1. Company Overview

            16.2.6.2. Product Portfolio

            16.2.6.3. Financial Information (Subject to Data Availability)

            16.2.6.4. Business Strategies / Recent Developments

        16.2.7. Otis Elevator Company

            16.2.7.1. Company Overview

            16.2.7.2. Product Portfolio

            16.2.7.3. Financial Information (Subject to Data Availability)

            16.2.7.4. Business Strategies / Recent Developments

        16.2.8. Schindler Group

            16.2.8.1. Company Overview

            16.2.8.2. Product Portfolio

            16.2.8.3. Financial Information (Subject to Data Availability)

            16.2.8.4. Business Strategies / Recent Developments

        16.2.9. ThyssenKrupp AG

            16.2.9.1. Company Overview

            16.2.9.2. Product Portfolio

            16.2.9.3. Financial Information (Subject to Data Availability)

            16.2.9.4. Business Strategies / Recent Developments

        16.2.10. Toshiba Corporation

            16.2.10.1. Company Overview

            16.2.10.2. Product Portfolio

            16.2.10.3. Financial Information (Subject to Data Availability)

            16.2.10.4. Business Strategies / Recent Developments

17. Key Takeaways

List of Tables

Table 1: Global Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 2: Global Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 3: Global Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 4: Global Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 5: Global Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 6: Global Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 7: Global Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 8: Global Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 9: Global Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 10: Global Elevator & Escalator Market Volume Size and Forecast, By Region, Thousand Units, 2017 - 2031

Table 11: Global Elevator & Escalator Market Value Size and Forecast, By Region, US$ Mn, 2017 - 2031

Table 12: North America Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 13: North America Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 14: North America Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 15: North America Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 16: North America Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 17: North America Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 18: North America Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 19: North America Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 20: North America Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 21: North America Elevator & Escalator Market Volume Size and Forecast, By Country, Thousand Units, 2017 - 2031

Table 22: North America Elevator & Escalator Market Value Size and Forecast, By Country, US$ Mn, 2017 - 2031

Table 23: Europe Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 24: Europe Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 25: Europe Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 26: Europe Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 27: Europe Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 28: Europe Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 29: Europe Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 30: Europe Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 31: Europe Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 32: Europe Elevator & Escalator Market Volume Size and Forecast, By Country, Thousand Units, 2017 - 2031

Table 33: Europe Elevator & Escalator Market Value Size and Forecast, By Country, US$ Mn, 2017 - 2031

Table 34: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 35: Asia Pacific Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 36: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 37: Asia Pacific Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 38: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 39: Asia Pacific Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 40: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 41: Asia Pacific Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 42: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 43: Asia Pacific Elevator & Escalator Market Volume Size and Forecast, By Country, Thousand Units, 2017 - 2031

Table 44: Asia Pacific Elevator & Escalator Market Value Size and Forecast, By Country, US$ Mn, 2017 - 2031

Table 45: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 46: Middle East & Africa Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 47: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 48: Middle East & Africa Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 49: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 50: Middle East & Africa Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 51: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 52: Middle East & Africa Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 53: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 54: Middle East & Africa Elevator & Escalator Market Volume Size and Forecast, By Country, Thousand Units, 2017 - 2031

Table 55: Middle East & Africa Elevator & Escalator Market Value Size and Forecast, By Country, US$ Mn, 2017 - 2031

Table 56: South America Elevator & Escalator Market Value Size and Forecast, By Service, US$ Mn, 2017 - 2031

Table 57: South America Elevator & Escalator Market Volume Size and Forecast, By Product Type, Thousand Units, 2017 - 2031

Table 58: South America Elevator & Escalator Market Value Size and Forecast, By Product Type, US$ Mn, 2017 - 2031

Table 59: South America Elevator & Escalator Market Volume Size and Forecast, By Elevator Type, Thousand Units, 2017 - 2031

Table 60: South America Elevator & Escalator Market Value Size and Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Table 61: South America Elevator & Escalator Market Volume Size and Forecast, By Escalator Type, Thousand Units, 2017 - 2031

Table 62: South America Elevator & Escalator Market Value Size and Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Table 63: South America Elevator & Escalator Market Volume Size and Forecast, By End-use, Thousand Units, 2017 - 2031

Table 64: South America Elevator & Escalator Market Value Size and Forecast, By End-use, US$ Mn, 2017 - 2031

Table 65: South America Elevator & Escalator Market Volume Size and Forecast, By Country, Thousand Units, 2017 - 2031

Table 66: South America Elevator & Escalator Market Value Size and Forecast, By Country, US$ Mn, 2017 - 2031

List of Figures

Figure 1: Global Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 2: Global Elevator & Escalator Market Value Forecast, By Product Type, US$ Mn, 2017 - 2031

Figure 3: Global Elevator & Escalator Market Incremental Opportunity, By Product Type, US$ Mn, 2017 - 2031

Figure 4: Global Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 5: Global Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 6: Global Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 7: Global Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 8: Global Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 9: Global Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 10: Global Elevator & Escalator Market Value Forecast, By Region, US$ Mn, 2017 - 2031

Figure 11: Global Elevator & Escalator Market Incremental Opportunity, By Region, US$ Mn, 2017 - 2031

Figure 12: North America Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 13: North America Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 14: North America Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 15: North America Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 16: North America Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 17: North America Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 18: North America Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 19: North America Elevator & Escalator Market Value Forecast, By Country, US$ Mn, 2017 - 2031

Figure 20: North America Elevator & Escalator Market Incremental Opportunity, By Country, US$ Mn, 2017 - 2031

Figure 21: Europe Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 22: Europe Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 23: Europe Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 24: Europe Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 25: Europe Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 26: Europe Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 27: Europe Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 28: Europe Elevator & Escalator Market Value Forecast, By Country, US$ Mn, 2017 - 2031

Figure 29: Europe Elevator & Escalator Market Incremental Opportunity, By Country, US$ Mn, 2017 - 2031

Figure 30: Asia Pacific Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 31: Asia Pacific Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 32: Asia Pacific Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 33: Asia Pacific Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 34: Asia Pacific Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 35: Asia Pacific Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 36: Asia Pacific Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 37: Asia Pacific Elevator & Escalator Market Value Forecast, By Country, US$ Mn, 2017 - 2031

Figure 38: Asia Pacific Elevator & Escalator Market Incremental Opportunity, By Country, US$ Mn, 2017 - 2031

Figure 39: Middle East & Africa Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 40: Middle East & Africa Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 41: Middle East & Africa Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 42: Middle East & Africa Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 43: Middle East & Africa Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 44: Middle East & Africa Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 45: Middle East & Africa Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 46: Middle East & Africa Elevator & Escalator Market Value Forecast, By Country, US$ Mn, 2017 - 2031

Figure 47: Middle East & Africa Elevator & Escalator Market Incremental Opportunity, By Country, US$ Mn, 2017 - 2031

Figure 48: South America Elevator & Escalator Market Value Forecast, By Service, US$ Mn, 2017 - 2031

Figure 49: South America Elevator & Escalator Market Value Forecast, By Elevator Type, US$ Mn, 2017 - 2031

Figure 50: South America Elevator & Escalator Market Incremental Opportunity, By Elevator Type, US$ Mn, 2017 - 2031

Figure 51: South America Elevator & Escalator Market Value Forecast, By Escalator Type, US$ Mn, 2017 - 2031

Figure 52: South America Elevator & Escalator Market Incremental Opportunity, By Escalator Type, US$ Mn, 2017 - 2031

Figure 53: South America Elevator & Escalator Market Value Forecast, By End-use, US$ Mn, 2017 - 2031

Figure 54: South America Elevator & Escalator Market Incremental Opportunity, By End-use, US$ Mn, 2017 - 2031

Figure 55: South America Elevator & Escalator Market Value Forecast, By Country, US$ Mn, 2017 - 2031

Figure 56: South America Elevator & Escalator Market Incremental Opportunity, By Country, US$ Mn, 2017 - 2031

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