Germany Elevator & Escalator Market 2027 – Forecast & Projected Growth
Germany elevator & escalator market is expected to be valued at over USD 7.28 Billion, in terms of value by 2027. Key factors propelling the growth of Germany’s elevator & escalator market include booming construction sector and increasing investment by the government in infrastructural development including the construction of high-speed rail networks connecting major cities. Moreover, the construction of new hotels and retail spaces across the country owing to growth in the tourism sector is also leading to the growth of the elevator & escalator market in Germany. The country is now witnessing a rise in demand for energy-efficient green elevators and escalators which is pushing manufacturers to adopt the latest technologies, thereby, driving the elevator and escalator market.
Germany’s elevator & escalator market can be segmented based on type, service, elevator technology, elevator door, end user, and region. Based on end users, the market can be categorized into residential, commercial, institutional, infrastructural, and others. Among them, the residential sector is expected to dominate the market during the forecast period and hold a 55.38% market share by 2027. The reasons can be attributed to the high influx of refugees and the high rate of immigration in the country.
Major companies operating in Germany’s elevator & escalator market include KONE Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding Ltd., Fujitec Company Limited, and ThyssenKrupp AG, among others. Manufacturers are investing in the latest technologies and focusing on compact designs. They are also undergoing both organic and inorganic growth strategies such as new product launches, mergers & acquisitions of small companies, partnerships, and collaborations in order to increase their share in the German elevator & escalator market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator & escalator companies across Germany. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated Germany’s elevator & escalator market size using a bottom-up approach, where data for various end users and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as escalator & elevator manufacturing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Service · Elevator Technology · Elevator Door Type · End User |
| Region Scope | Northwest, Northeast, Southwest, Southeast |
| Key Companies Profiled | KONE Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding Ltd., Fujitec Company Limited and thyssenkrupp AG. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, Germany Elevator & Escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in German elevator & escalator market.
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1. Product Overview
5.1. Brand Awareness
5.2. Brand Satisfaction
5.3. Challenges & Unmet Needs
5.4. Annual Maintenance Service
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Elevator, Escalator and Moving Walkways)
6.2.2. By Service (New Installation, Modernization and Maintenance & Repair)
6.2.3. By Elevator Technology (Traction & Machine Room-Less (MRL) Traction and Hydraulic)
6.2.4. By Elevator Door Type (Automatic and Manual)
6.2.5. By End User (Residential, Commercial, Institutional, Infrastructural and Others)
6.2.6. By Region
6.2.7. By Company (2022)
6.3. Product Market Map
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By End User
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Size & Forecast
8.2.1. By Value & Volume
8.3. Market Share & Forecast
8.3.1. By Type
8.3.2. By End User
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