Elevator and Escalator Market: The Path Towards Sustainable Mobility”2029

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

Elevator and Escalator Market Report Scope and Research Methodology :

Our research methodology employs a rigorous approach, combining primary and secondary research sources, industry experts’ insights, and statistical data analysis to provide accurate and reliable market intelligence.

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Elevator and Escalator Market Dynamics:

As urbanization continues to rise, the demand for vertical transportation systems, such as elevators and escalators, is increasing. High-rise buildings, transportation hubs, and commercial complexes are emerging as key areas of demand, particularly in rapidly urbanizing economies like China and India.

Elevator and Escalator Market Regional Insights:

Asia Pacific Leads Global Market: Asia Pacific dominated the Elevator and Escalator Market in 2022 and is expected to maintain significant growth. Urbanization, infrastructure development, and a rising middle class are driving demand for vertical transportation systems in the region.

North America Emphasizes Safety and Energy Efficiency: North America boasts a mature market for elevators and escalators, emphasizing safety and energy efficiency. The United States and Canada are major contributors, with a focus on smart and connected solutions and infrastructure modernization.

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Elevator and Escalator Market Segmentation:

by Product Type
Elevator
Escalator & Moving walkways

by Elevator Technology
Traction
Machine room-Less
Hydraulic

by Service
New installation
Maintenance & Repair & Modernization

Elevator and Escalator Market Key Players: 

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

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Table of content for the Elevator and Escalator Market includes: 

1. Global Elevator and Escalator Market: Research Methodology 

2. Global Elevator and Escalator Market: Executive Summary

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

3. Global Elevator and Escalator Market: Competitive Analysis

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

4. Company Profile: Key players

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

Key Offerings:

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