Elevator and Escalator Global Market Report 2024

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

Name: Elevator and Escalator Global Market Report 2024
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Elevator and Escalator Global Market Report 2024

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Elevator and Escalator Market Definition

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.

Elevator and Escalator Market Segmentation

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

Global Elevator and Escalator Market Size 2023 to 2028: Graph

Elevator and Escalator Market Size 2024 And Growth Rate

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.

Elevator and Escalator Market Growth Forecast

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.

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Elevator and Escalator Market Driver: 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, in order 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.

Elevator and Escalator Market Driver: 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

Global Elevator and Escalator Market Major Players

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

Global Elevator and Escalator Market Trend: 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.

Global Elevator and Escalator Market Trend: 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.

Elevator and Escalator Market Merger And Acquisition: 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.

Regional Analysis For The Global Elevator and Escalator Market

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 Report Forecast And Analysis

Report Attribute	Details
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	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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 Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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?

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.