Global Elevator and Escalator Market size was valued at USD 120.5 Bn in 2022 and is expected to reach USD 183.6 Bn by 2029, at a CAGR of 6.2%.

 

Elevator and Escalator Market  Report Scope and Research Methodology :

The research methodology employed for this report includes extensive data collection and analysis, incorporating primary and secondary research sources. Market trends, growth factors, and competitive landscape analysis were conducted to provide accurate market insights.

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Elevator and Escalator Market  Dynamics:

• Urbanization and Infrastructure Development: Rising urbanization and infrastructure projects, such as airports, railways, and shopping malls, are driving the demand for elevators and escalators, especially in emerging economies like India and China.
• Technological Advancements: Innovations in elevator and escalator technology, including smart features, energy efficiency, and predictive maintenance capabilities, are fueling market growth.

Elevator and Escalator Market Regional Insights:

• Asia Pacific: The largest market share in 2022, driven by urbanization, infrastructure development, and middle-class demand for high-rise buildings.
• North America: A developed market with steady growth, focusing on safety regulations, energy efficiency, and modernization.
• Building Codes: Continuous support for innovation in safety, including ASME A17.1/CSA B44 codes, ensures elevators’ reliability during fire emergencies.

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Elevator and Escalator Market  Segmentation:

by Product Type

Elevator
Escalator & Moving walkways

by Elevator Technology

Traction
Machine room-Less
Hydraulic

Elevator and Escalator Market  Key Players: 

1. Otis Elevator Company (United States)
2. Kone Corporation (Finland)
3. Schindler Group (Switzerland)
4. Mitsubishi Electric Corporation
5. Thyssenkrupp Elevator AG (Finland)
6. Hitachi Ltd. (Japan)
7. Fujitec Co., Ltd. (Japan)
8. Guangzhou Guangri Elevator Industry Co., Ltd. (China)
9. SJEC Corporation (China)
10. Canny Elevator Co., Ltd. (China)
11. Shanghai Mitsubishi Elevator Co., Ltd. (China)
12. IFE Elevators Co. Ltd. (China)
13. Suzhou Diao Elevator Co., Ltd. (China)
14. Kleemann Hellas SA (Greece)
15. Wittur Group (Germany)
16. Sematic S.p.A. (Italy)
17. Cibes Lift Group (Sweden)
18. EITA Elevator (Malaysia)

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Table of content for the  Elevator and Escalator Market  includes: 

1. Global  Elevator and Escalator Market : Research Methodology

2. Global  Elevator and Escalator Market : Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global  Elevator and Escalator Market : Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by growth and trend
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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