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%.


Posted October 23, 2023 by poojammr

Asia Pacific: The largest market share in 2022, driven by urbanization, infrastructure development, and middle-class demand for high-rise buildings.
 
Elevator and Escalator Market Report Scope and Research Methodology :

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

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Elevator and Escalator Market Dynamics:

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

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

by Product Type

Elevator
Escalator & Moving walkways


by Elevator Technology

Traction
Machine room-Less
Hydraulic

Elevator and Escalator Market Key Players:

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

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Table of content for the Elevator and Escalator Market includes:

Global Elevator and Escalator Market : Research Methodology
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
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
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by growth and trend
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By poojammr
Country India
Categories Advertising , Affiliate Program , Automotive
Tags elevator and escalator market , elevator and escalator market size , elevator and escalator market share , elevator and escalator market analysis , elevator and escalator market future
Last Updated October 23, 2023