Global Elevator and Escalator Market Report 2024

Elevator and Escalator Global Market Report 2024 – By Product (Elevators, Escalators, Moving Walkway ), By Business (New Equipment, Maintenance, Modernization), By Elevator Technology (Traction Elevator, Machine Room Less Traction Elevator, Hydraulic), By End User (Residential, Commercial, Institutional, Infrastructure, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

Elevator and Escalator Global Market Report 2024

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Elevator And Escalator Market Definition And Segments

An elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building.

The main types of elevators and escalators are elevators, escalators, and moving walkways. The escalators refer to a belt which is a moving staircase that carries people between floors of a building or structure. The different businesses include new equipment, maintenance, and modernization and involve several technologies, such as elevator technology, traction elevators, machine roomless traction elevators, and hydraulics. It is employed in residential, commercial, institutional, infrastructure, and other end users.

The elevator and escalator market covered in this report is segmented –

1) By Product: Elevators, Escalators, Moving Walkway

2) By Business: New Equipment, Maintenance, Modernization

3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic

4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users

The elevator and escalator market size has grown strongly in recent years. It will grow from $109.63 billion in 2023 to $118.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to supportive government initiatives, increased focus on energy-efficient elevators, and an increase in infrastructure investment.

The elevator and escalator market size is expected to see strong growth in the next few years. It will grow to $161.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to the rising construction of skyscrapers, a boost in construction spending, rising urbanization, and increasing smart cities. Major trends in the forecast period include focusing on Internet of Things (IoT) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies.

Elevator And Escalator Market Set To Soar With Surge In Infrastructure Investments

The increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward. Infrastructure refers to the construction of real assets such as bridges, roads, and buildings. With the increasing heights of buildings, the requirement for elevators and escalators has also increased, to save time and provide effectiveness for people. For instance, in November 2021, according to the Indian Brand Equity Foundation, an Indian government agency, the central government had allocated $1.89 billion in the union budget for the development of infrastructure. Also, the Indian Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India, and a 13% share of the total FDI inflows worth $81.72 billion was allocated for the development of infrastructure activities. Therefore, the increase in infrastructure investments is driving the growth of the elevator and escalator markets.

Elevators And Escalators Market Thrives On The Surge Of Smart Cities Globally

The elevators and escalators market is expected to be supported by rapid growth in smart cities in the forecast period. A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data. Increasingly smart cities are driving the need for smart elevators and escalators to be added. For example, according to CITyFiED, a Spain-based project funded by the European Union’s Seventh Program, the number of smart homes in Europe is expected to reach 84 million by the end of 2022, with Germany, the UK, and France pushing the market forward. For instance, the smart home penetration rate in the UK is expected to reach 63% by 2025. Therefore, increasing smart cities is expected to act as a driver for the elevators and escalators market

Major companies operating in the elevator and escalator market report are Schindler Group, Otis Worldwide Corporation, Kone Corporation, Hitachi Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Fijutec Co. Ltd., Hyundai Elevator Ltd., Canny Elevator Co. Ltd., WINONE Elevator Co. Ltd., Symax Lift (China) Co. Ltd., Nantong Fuji Elevator Co. Ltd., Volkslift, Ningbo Hosting Elevator Co. Ltd., General Elevator Co. Ltd., SAIL Intelligent Elevator (Suzhou) Co. Ltd., Huzhou Fuji Elevator Co. Ltd., Suzhou Towards Elevator Co. Ltd., SEPL India Ltd., Orbis Elevator, IEC LIFTS, IFE Elevators CO. Ltd., Orient Elevators, Expert Lift Ltd., Liftronic, Brilliant Lifts Australia, Orbitz Elevators, Yusaki Elevator, Blue Star Elevators, Omega-Elevators, MAS Industries, Escon Elevators Pvt. Ltd., Sanei Manufacturing Co. Ltd., Vintec Elevator, TK Elevator, Thyssenkrupp AG, GMV Poland, Schmitt + Sohn, United Technologies, Nu-Line, Delta Elevator Co Ltd., AVT Beckett Elevators, True Canadian Elevator, Alphalift Ltd., Arabian Elevators & Engineering Co LLC, Gulf Tech Elevators LLC, Orient Lines Elevators, HAUSLIFT, Logan Davex, Trent Park Engineering

Elevator And Escalator Market Surges With Digital Connectivity And Advanced Technology

Product innovations are a key trend gaining popularity in the elevator and escalator market. Major companies operating in the elevator and escalator sector are focused on developing ground-breaking digitally connected technology to sustain their position in the market. For instance, in March 2021, KONE Elevator, an Indian elevator manufacturing company, launched digitally connected KONE DX class elevators, which redefined the elevator experience. KONE DX Class helps customers use additional software and services for elevators throughout the entire lifetime of a building. The use of open application programming interfaces (APIs) makes the elevator easy to manage and integrate different devices, apps, and services with new and existing systems.

IoT Integration Takes Elevator And Escalator Market To New Heights With Real-Time Monitoring And Rapid Support

The Internet of Things (IoT) is a key trend gaining popularity in the elevator and escalator market. IoT enables the flow of information and quick decisions by connecting people, machines, and services. Major elevator and escalator companies operating in elevators and escalators are focusing on Internet of Things (IoT) technology to launch technologically advanced products in the market. For instance, in September 2022, Johnson Lifts, an India-based company that manufactures lifts and escalators introduced an IoT-based wireless program WATCH (Wireless Assessment to Troubleshoot Channelize & Host) connects the elevators to the data center via the IoT device in the elevator. With the use of this new technology, lifts will be able to be monitored in real-time so that a team of highly qualified technicians can be alerted and offer rapid support to clients and maintain a trouble-free performance, increasing lift reliability.

Lödige Industries Expands Elevator Service Portfolio With Acquisition Of Northern Elevator Limited

In August 2022, Lodige Industries, a Germany-based supplier of lift solutions, acquired Northern Elevator Limited for an undisclosed amount. Through this acquisition, Lödige Industries boosted its servicing capacity, maintaining, and repairing all lift types, including passenger lifts, and catered for the demand for its goods in the northern part of the UK. Northern Elevator Limited is a UK-based elevator company specializing in the fabrication, installation, and reselling of residential & passenger elevators.

Asia-Pacific was the largest region in the elevator and escalator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator and escalator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the elevator and escalator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The elevator and escalator market consists of sales of step-type elevators, belt-type elevators, cleat-type elevators, spiral elevators, and vacuums among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The elevator and escalator market research report is one of a series of new reports from The Business Research Company that provides elevator and escalator market statistics, including elevator and escalator industry global market size, regional shares, competitors with an elevator and escalator market share, detailed elevator and escalator market segments, market trends and opportunities, and any further data you may need to thrive in the elevator and escalator industry. This elevator and escalator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Elevator and Escalator Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $118.48 billion
Revenue Forecast In 2033 $161.83 billion
Growth Rate CAGR of 8.1% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Schindler Group; Otis Worldwide Corporation; Kone Corporation; Hitachi Ltd; Mitsubishi Electric Corporation; Toshiba Corporation; Fijutec Co. Ltd; Hyundai Elevator Ltd; Canny Elevator Co. Ltd.; WINONE Elevator Co. Ltd; Symax Lift (China) Co. Ltd; Nantong Fuji Elevator Co. Ltd; Volkslift; Ningbo Hosting Elevator Co. Ltd; General Elevator Co. Ltd; SAIL Intelligent Elevator (Suzhou) Co. Ltd; Huzhou Fuji Elevator Co. Ltd; Suzhou Towards Elevator Co. Ltd; SEPL India Ltd; Orbis Elevator; IEC LIFTS; IFE Elevators CO. LTD; Orient Elevators; Expert Lift ltd; Liftronic; Brilliant Lifts Australia; Orbitz Elevators; Yusaki Elevator; Blue Star Elevators; Omega-Elevators; MAS Industries; Escon Elevators Pvt. Ltd; Sanei Manufacturing Co. Ltd; Vintec Elevator; TK Elevator; Thyssenkrupp AG; GMV Poland; Schmitt + Sohn; United Technologies; Nu-Line; Delta Elevator Co Ltd; AVT Beckett Elevators; True Canadian Elevator; Alphalift Ltd.; Arabian Elevators & Engineering Co LLC; Gulf Tech Elevators LLC; Orient Lines Elevators; HAUSLIFT; Logan Davex; Trent Park Engineering
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Elevator and Escalator Market Characteristics

    3. Elevator and Escalator Market Trends And Strategies

    4. Elevator and Escalator Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Elevator and Escalator Market Size and Growth

    5.1. Global Elevator and Escalator Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Elevator and Escalator Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Elevator and Escalator Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Elevator and Escalator Market Segmentation

    6.1. Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Elevators

    Escalators

    Moving Walkway

    6.2. Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    New Equipment

    Maintenance

    Modernization

    6.3. Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Traction Elevator

    Machine Room Less Traction Elevator

    Hydraulic

    6.4. Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Residential

    Commercial

    Institutional

    Infrastructure

    Other End Users

    7. Elevator and Escalator Market Regional And Country Analysis

    7.1. Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Elevator and Escalator Market

    8.1. Asia-Pacific Elevator and Escalator Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Elevator and Escalator Market

    9.1. China Elevator and Escalator Market Overview

    9.2. China Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Elevator and Escalator Market

    10.1. India Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Elevator and Escalator Market

    11.1. Japan Elevator and Escalator Market Overview

    11.2. Japan Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Elevator and Escalator Market

    12.1. Australia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Elevator and Escalator Market

    13.1. Indonesia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Elevator and Escalator Market

    14.1. South Korea Elevator and Escalator Market Overview

    14.2. South Korea Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Elevator and Escalator Market

    15.1. Western Europe Elevator and Escalator Market Overview

    15.2. Western Europe Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Elevator and Escalator Market

    16.1. UK Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Elevator and Escalator Market

    17.1. Germany Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Elevator and Escalator Market

    18.1. France Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Elevator and Escalator Market

    19.1. Italy Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Elevator and Escalator Market

    20.1. Spain Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Elevator and Escalator Market

    21.1. Eastern Europe Elevator and Escalator Market Overview

    21.2. Eastern Europe Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Elevator and Escalator Market

    22.1. Russia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Elevator and Escalator Market

    23.1. North America Elevator and Escalator Market Overview

    23.2. North America Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Elevator and Escalator Market

    24.1. USA Elevator and Escalator Market Overview

    24.2. USA Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Elevator and Escalator Market

    25.1. Canada Elevator and Escalator Market Overview

    25.2. Canada Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Elevator and Escalator Market

    26.1. South America Elevator and Escalator Market Overview

    26.2. South America Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Elevator and Escalator Market

    27.1. Brazil Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Elevator and Escalator Market

    28.1. Middle East Elevator and Escalator Market Overview

    28.2. Middle East Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Elevator and Escalator Market

    29.1. Africa Elevator and Escalator Market Overview

    29.2. Africa Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Elevator and Escalator Market Competitive Landscape And Company Profiles

    30.1. Elevator and Escalator Market Competitive Landscape

    30.2. Elevator and Escalator Market Company Profiles

    30.2.1. Schindler Group

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Otis Worldwide Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Kone Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Hitachi Ltd

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Mitsubishi Electric Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Elevator and Escalator Market Other Major And Innovative Companies

    31.1. Toshiba Corporation

    31.2. Fijutec Co. Ltd

    31.3. Hyundai Elevator Ltd

    31.4. Canny Elevator Co. Ltd.

    31.5. WINONE Elevator Co. Ltd

    31.6. Symax Lift (China) Co. Ltd

    31.7. Nantong Fuji Elevator Co. Ltd

    31.8. Volkslift

    31.9. Ningbo Hosting Elevator Co. Ltd

    31.10. General Elevator Co. Ltd

    31.11. SAIL Intelligent Elevator (Suzhou) Co. Ltd

    31.12. Huzhou Fuji Elevator Co. Ltd

    31.13. Suzhou Towards Elevator Co. Ltd

    31.14. SEPL India Ltd

    31.15. Orbis Elevator

    32. Global Elevator and Escalator Market Competitive Benchmarking

    33. Global Elevator and Escalator Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Elevator and Escalator Market

    35. Elevator and Escalator Market Future Outlook and Potential Analysis

    35.1 Elevator and Escalator Market In 2028 - Countries Offering Most New Opportunities

    35.2 Elevator and Escalator Market In 2028 - Segments Offering Most New Opportunities

    35.3 Elevator and Escalator Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Schindler Group Financial Performance
  • Table 76: Otis Worldwide Corporation Financial Performance
  • Table 77: Kone Corporation Financial Performance
  • Table 78: Hitachi Ltd Financial Performance
  • Table 79: Mitsubishi Electric Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Schindler Group Financial Performance
  • Figure 76: Otis Worldwide Corporation Financial Performance
  • Figure 77: Kone Corporation Financial Performance
  • Figure 78: Hitachi Ltd Financial Performance
  • Figure 79: Mitsubishi Electric Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the elevator and escalator market?

An elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building. For further insights on the elevator and escalator market, request a sample here

How will the elevator and escalator market drivers and restraints affect the elevator and escalator market dynamics? What forces will shape the elevator and escalator industry going forward?

The elevator and escalator market major growth driver - Elevator And Escalator Market Set To Soar With Surge In Infrastructure Investments. For further insights on the elevator and escalator market, request a sample here

What is the forecast market size or the forecast market value of the elevator and escalator market?

The elevator and escalator market size has grown strongly in recent years. It will grow from $109.63 billion in 2023 to $118.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to supportive government initiatives, increased focus on energy efficient elevators and an increase in infrastructure investment. The elevator and escalator market size is expected to see strong growth in the next few years. It will grow to $161.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rising construction of skyscrapers, boost in construction spending, rising urbanization and increasing smart cities. Major trends in the forecast period include focusing on internet of things (iot) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies. For further insights on the elevator and escalator market, request a sample here

How is the elevator and escalator market segmented?

The elevator and escalator market is segmented
1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End UsersFor further insights on the elevator and escalator market,
request a sample here

Which region has the largest share of the elevator and escalator market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the elevator and escalator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator and escalator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the elevator and escalator market, request a sample here.

Who are the major players in the elevator and escalator market?

Major companies operating in the elevator and escalator market report are Schindler Group, Otis Worldwide Corporation, Kone Corporation, Hitachi Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, Fijutec Co. Ltd, Hyundai Elevator Ltd, Canny Elevator Co. Ltd., WINONE Elevator Co. Ltd, Symax Lift (China) Co. Ltd, Nantong Fuji Elevator Co. Ltd, Volkslift, Ningbo Hosting Elevator Co. Ltd, General Elevator Co. Ltd, SAIL Intelligent Elevator (Suzhou) Co. Ltd, Huzhou Fuji Elevator Co. Ltd, Suzhou Towards Elevator Co. Ltd, SEPL India Ltd, Orbis Elevator, IEC LIFTS, IFE Elevators CO. LTD, Orient Elevators, Expert Lift ltd, Liftronic, Brilliant Lifts Australia, Orbitz Elevators, Yusaki Elevator, Blue Star Elevators, Omega-Elevators, MAS Industries, Escon Elevators Pvt. Ltd, Sanei Manufacturing Co. Ltd, Vintec Elevator, TK Elevator, Thyssenkrupp AG, GMV Poland, Schmitt + Sohn, United Technologies, Nu-Line, Delta Elevator Co Ltd, AVT Beckett Elevators, True Canadian Elevator, Alphalift Ltd., Arabian Elevators & Engineering Co LLC, Gulf Tech Elevators LLC, Orient Lines Elevators, HAUSLIFT, Logan Davex, Trent Park Engineering For further insights on the elevator and escalator market, request a sample here.

What are the key trends in the elevator and escalator market?

Major trend in the elevator and escalator market - Elevator And Escalator Market Surges With Digital Connectivity And Advanced Technology. For further insights on the elevator and escalator market, request a sample here.

What are the major opportunities in the elevator and escalator market? What are the strategies for the elevator and escalator market?

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How does the elevator and escalator market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the elevator and escalator industry?

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What are the key dynamics influencing the elevator and escalator market growth? SWOT analysis of the elevator and escalator market.

For detailed insights on the key dynamics influencing the elevator and escalator market growth and SWOT analysis of the elevator and escalator industry, request a sample here.