Global Elevator and Escalator Market Research Report 2022

In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
Market Analysis and Insights: Global Elevator and Escalator Market
Due to the COVID-19 pandemic, the global Elevator and Escalator market size is estimated to be worth US$ 38380 million in 2022 and is forecast to a readjusted size of US$ 46900 million by 2028 with a CAGR of 3.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Elevator (Vertical) accounting for % of the Elevator and Escalator global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential Area segment is altered to an % CAGR throughout this forecast period.
The biggest elevator and escalator manufacturers in Global Market is Otis, holds a share about 15%, other key players include Schindler Group, ThyssenKrupp and Kone hold market share about 25% in total. Asia-Pacific is largest market, occupied for around 80 percent, followed by Europe, which holds around 15% market share. In terms of type, elevator(vertical) segment holds the largest share over 80 percent. In terms of application, residential area holds the largest elevator and escalator market share about 62 percent in global.
Global Elevator and Escalator Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Elevator and Escalator Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Elevator (Vertical)
Escalator
Moving Walkway
Segment by Application
Residential Area
Commercial Office
Transportation Hub Area
Industrial Area
By Company
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
Sicher Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao
CNYD
Meilun Elevator
IFE Elevators
Joylive Elevator
Dongnan Elevator
Production by Region
North America
Europe
China
Japan
Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina