We use cookies for a better user experience. Read our Privacy Policy

I Agree

Smart Elevators and Escalators Market

Smart Elevators and Escalators Market (Type - Elevator (450 kg - 1,150 kg, 1,150kg - 1,500kg, and 1,500kg - 2,000kg), Escalator (Moving Walkway Escalators and Moving Stairs); Application - Commercial, Hotels, Retail, Residential, Transportation, Hospital, Parking Building) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2023

Smart Elevators and Escalators Market: Analyst Estimations

Most part of the last century has been a prosperous timespan for the humanity and infrastructure development has happened at an exponentially progressive rate. These infrastructures are invariably in multiple stories, which had given birth to the invention of elevators, and now a demand for them to improve consistently to attain greater velocities and efficiencies. Escalators are a sister segment of the larger elevators market, enabling people to tirelessly travel between floors via moving stairways, and have gained demand in the recent times as a result of mushrooming of shopping malls and airports.

In the recent past, energy efficiency has turned into a trend that is engulfing a number of industries, including the market for elevators and escalators, as a strong demand is emerging for them to be smarter. According to the findings of this business intelligence report, the vendors operating in the global smart elevators and escalators market stand to gain incrementing opportunities at a CAGR of 6.8% during the forecast period of 2017 to 2023. In terms of revenue, by the end of 2023, the market for smart elevators is estimated to be worth US$150.03 billion, whereas the smart escalators market will constitute for a valuation of US$12.53 billion.

smart elevators escalators market

Apart from radical manner with which infrastructural construction is underway across emerging economies, the market for smart elevators and escalators is gaining traction from government emphasis on conserving energy and promoting methods that do that. On the other hand, high cost of these products and substantial maintenance cost, need to comply with standards and regulations, and uncertainty regarding economic excellence of a number of underdeveloped countries are a few restraints holding back the market from flourishing. It has also been detected that most of the demand is from new construction sites, leaving a challenge for the vendors to entice replacement of traditional elevators. That being said, upcoming smart cities across the world, particularly in the BRICS nations, is expected to open vast new opportunities in the near future.

Transportation and Residential Key Application Segments

Application-wise, this report gauges the potential of demand that can be expected out of the end users: retails, hotels, commercial, transportation, residential, parking building, hospital, and others. As of 2017, the transportation sector, followed by the residential applications, were the two segments which generated the most prominent chunks of demand, valued at US$26.94 billion and 23.23 billion respectively. While the transportation applications are gaining traction from increased expenditure on airport development and rail transport, the residential segment is driven by rapid rate of urbanization in a number of emerging economies. Smart elevators can use the cloud to improve travel speed and comfort and also to analyze performance and alert staff when maintenance is needed. By the end of 2023, these two segments are expected to hold on to their demand share.

The report has also bifurcated elevators based on weight capacity, into 1,500 kg to 2,000 kg, 1,150 kg to 1,500 kg, 450 kg to 1,150 kg, and others. As of 2017, 1,500 kg to 2,000 kg segment held the leading position and is primed to stay in highest demand throughout the aforementioned forecast period, attaining a valuation of US$49.05 billion by 2023. However, the smaller sized 450 kg to 1,150 kg as well as the others segments are projected to experience incrementing demand at a stronger growth rate. The smart escalators market has been classified into moving walkway escalators and moving stairs. Smart escalators make for a niche market wherein the demand is projected to expand at a much stronger CAGR of 8.0% during the forecast period of 2017 to 2023 than elevators.

Asia Pacific Most Lucrative Region in Smart Elevators Market

Region-wise, the analyst of the report has identified Asia Pacific are the one with maximum potential. By 2023, the Asia Pacific smart elevators and escalators market is estimated to be worth US$68.89 billion, which will represent more than 42.4% of the global demand. The rapid expansion of the real estate industry as a result of economic prosperity of emerging economies such as China and India and governmental protocols to attain greater energy efficiencies are some of the factors driving the APAC smart elevators market. The report also evaluates the potential of demand that can be expected out of the regions of North America, Europe, and Rest of the World (RoW) during the forecast period of 2017 to 2023.

Otis Elevator Company, Schindler Holding Ltd., ThyssenKrupp AG, and Kone Corporation have been identified as some of the most prominent companies in the global market for smart elevators and escalators, while Toshiba Elevator, Hyundai Elevator, Mitsubishi Electric Corporation, Siemens Building Technologies AG, and Hitachi Ltd. are some of the other players profiled in this report.

Smart Elevators and Escalators Market: Snapshot

Elevators can be defined as an upright transportation systems that can effectively and efficiently transport people and/ or goods between floors or levels in a residential, commercial, or industrial infrastructure. Conventionally, there are three major types of elevator technologies or types in global smart elevators and escalators market. These include counterweight elevators, pneumatic elevators, and hydraulic elevators. However, with growing advent of smart infrastructure technologies, players and manufacturers in the global smart elevators and escalators market are increasingly focusing on the development of new age and technologically advanced smart elevators. Smart elevators use advanced technologies such as biometric identification, touch screen user interface, and smart sensors and cameras for security purposes. They also show promising potential for lowering energy consumption, which makes them a lucrative offering in global smart elevators and escalators market. However, high installation costs for installation, production, integration in outdated infrastructures, maintenance, and automation of security solutions can restraint the growth of smart elevators in overall smart elevators and escalators market.

Escalators in smart elevators and escalators market refers to moving staircases that allow people to effortlessly travel between floors or levels. Escalators are typically installed and utilized in public or commercial spaces that usually attract high number of visitors. Escalators use a chain of individually linked steps driven by motor which moves up and down to facilitate easy transportation for people. Other type of escalator in smart elevators and escalators market is horizontally moving escalators usually used in airports to effortlessly travel long distances between various gates. These products are also known as ‘moving walkways’. They utilize the same principle of operations as escalator, the only difference being they move horizontally rather than inclined as traditional escalators.

Both elevators and escalators in smart elevators and escalators market are designed for ease of movement and easy transportation. Escalators and elevators are essential for people with special abilities and numerous governments around the world have implemented regulations that enforce owners of huge commercial spaces such as shopping malls, hospitals, hotels, restaurants, IT parks, retail outlets, commercial offices, and public spaces such as airports, government offices, and railway stations to install escalators and elevators.

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

Type

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

Application

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

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
Smart Elevators and Escalators Market

Interested in this report?
Get a FREE Brochure now!

Get Free Brochure

*Get Brochure Report (PDF) sent to your email within minutes

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 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)

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) 

Transparency Market Research Plus
  • We offer 100% free customisation with our Enterprise License!!
  • Get a free copy if the report you purchased is updated within 90 days
  • Regardless from where you have purchased the report, you can request an updated version of the report from us.

Complete the form below and we'll get back to you shortly.

834

Your personal details are safe with us. Privacy Policy*

Copyright © Transparency Market Research, Inc. All Rights reserved