Elevators & Escalators Market
Elevators & Escalators Market by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine-Room-Less, & Hydraulic), End-use Industry, and Region - Global Forecast to 2030
USD 113.81 BN
MARKET SIZE, 2030
CAGR 2.86%
(2025-2030)
250+
REPORT PAGES
320+
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The elevators and escalators market is projected to be USD 98.84 billion in 2025, and it is projected to reach USD 113.81 billion by 2030 at a CAGR of 2.86%. An elevator, also known as a lift, serves as a technological solution for vertical transportation, facilitating the movement of individuals or goods between different levels of a building, vessels, or other structures. Operating on the principle of a conveyor transport device, an escalator comprises a motor-driven chain of interconnected steps that ascend or descend on tracks, ensuring that the step treads remain in a horizontal position. A moving walkway is a conveyor belt that transports people horizontally or on a slight incline.
KEY TAKEAWAYS
-
BY TYPEThe elevators and escalators market includes elevator, escalator, and moving walkways. Elevators hold the significant market share as urbanization and more high-rise buildings are increasing the need for elevators. As cities become busier and more people live in urban areas, we need efficient ways to move large groups of people up and down in places like residential towers, office buildings, shopping malls, hospitals, and transit hubs.
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BY TECHNOLOGYBy service, the market is segmented into new installation, maintenance & repair, and modernization. The new installation sector significantly dominated the market share throughout the forecast period. This surge in demand is closely tied to the increasing construction of high-rise buildings, which encompass a diverse range of structures including modern office complexes, expansive shopping malls, luxurious residential apartments, and sophisticated hotels, all of which reflect robust economic growth.
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BY END-USE INDUSTRYBy technology, the market covers traction elevator, machine room less traction elevator, and hydraulic. Traction elevator technology is mostly used in modern buildings because it offers a combination of speed, efficiency, and versatility.
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BY REGIONEnd-use industries include residential, commercial, institutional, infrastructure, and other end-use industries. The commercial segment of the elevators and escalators market is projected to achieve the highest CAGR during the forecast period, emerging as the fastest-growing sector within the industry.
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COMPETITIVE LANDSCAPENorth America is expected to grow fastest, with a CAGR of 4.32%, driven by large infrastructure projects and modernization.
The elevators and escalators market is expected to witness significant growth in the coming years due to increased construction of high-rise buildings equipped with smart vertical transportation, growing need for reducing energy consumption in buildings, as well as growing aging population to facilitate development.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Changes in customer trends or disruptions impact consumers’ businesses. These shifts impact the revenues of end users. Consequently, the revenue impact on end users is expected to affect the revenues of elevator and escalator suppliers, which, in turn, impacts the revenues of elevator and escalator manufacturers.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
§Increased construction of high-rise buildings equipped with smart vertical transportation
-
§Growing need for reducing energy consumption in buildings
RESTRAINTS
Impact
Level
Level
-
§Uncertainty and risk regarding global economy
-
§High maintenance cost
OPPORTUNITIES
Impact
Level
Level
-
•Adoption of green building codes and energy-efficient products
-
•Development of innovative technologies
CHALLENGES
Impact
Level
Level
-
•Compliance with standards and regulations
-
•Customer awareness & adoption barriers
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Increased construction of high-rise buildings equipped with smart vertical transportation
Urbanization is increasing fast across the globe, especially in regions like Asia, Africa, and the Middle East. This shift is largely driven by an important migration from rural to urban areas, of the people as they are asking for better opportunities and living conditions. According to the United Nations, the total population on earth is expected to reach 10.3 billion by the mid-2080. This increasing speed of urbanization, combined with an increase in high-rise construction, is expected to significantly boost the demand for elevators and escalators worldwide in the coming decades.
Restraint: High maintenance cost
The high cost of maintenance is one of the main obstacles. Maintaining systems in proper condition requires not only regular inspections but also quick upgrades and replacement of outdated or non-compliant parts. These measures, however, can be costly, particularly when attempting to comply with changing safety standards. There is a hesitant behavior associated with it due to the high maintenance cost. Balancing safety requirements with budget constraints remains an important issue in the industry, making affordability a crucial factor for long-term sustainability and expansion.
Opportunity: Development of innovative technologies
Manufacturers today are working hard to create cutting-edge technologies that help their products stand out and remain competitive. One major focus is on smart elevators, which use advanced hardware and software to innovate how people move within buildings. As urban locations become more complex, innovative elevator solutions play an important role in making these spaces livable and accessible, ensuring people can move swiftly and comfortably even in the tallest buildings
Challenge: Compliance with standards and regulations
Strict safety regulations are a major challenge for companies manufacturing elevators and escalators. Organizations such as the American Society of Mechanical Engineers (ASME), the Elevator and Escalator Safety Trust, and similar foundations set thorough standards to protect everyone who uses these systems. For elevator and escalator makers, keeping up with these ever-evolving safety standards isn’t just a legal duty; it’s also about building trust with the public. Ensuring compliance takes careful monitoring and ongoing staff training, but it’s a critical part of delivering safe, reliable transportation within buildings.
Elevators & Escalators Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Central elevator banks used for patient, staff, and visitor transport across 10 floors at Medanta hospital; feature 40 Mitsubishi Electric elevators for continuous, high-capacity operation in a busy medical facility. | Gearless traction system enabled a 20% reduction in power consumption and delivers quiet, reliable service; spacious car design provides needed ceiling height for hospital applications. |
 |
Eighteen Mitsubishi Electric elevators installed in Ruby, Mumbai's tallest office building (40 stories), engineered to meet LEED green building standards; system controls elevator speeds, loads, waiting times, and ensures comfort for high-rise office users. | Destination allocation system improved morning rush hour transport performance by about 15%; efficient operations led to reduced waiting times and lower energy spending, with enhanced security. |
 |
Japanese Daisho Group chose exclusive custom elevator solutions in 180 Brisbane buildings: 15 KONE MiniSpace, 4 KONE MonoSpace elevators, linked to a KONE Destination Control System, LED identifiers, E-Link monitoring, and Care Maintenance for premium office functionality. | Achievement of 6 Star Greenstar Office rating, making 180 Brisbane the first building in the city with this top-tier environmental accreditation. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
An ecosystem map visually represents the network of companies operating in a specific market. It depicts all network members, including component manufacturers, elevators and escalators manufacturers, and end users. Each entity in the ecosystem map affects and is affected by the others, and they compete and collaborate to survive.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Elevators and Escalators Market, By Type
Urbanization and more high-rise buildings are increasing the need for elevators. As cities become busier and more people live in urban areas, we need efficient ways to move large groups of people up and down in places like residential towers, office buildings, shopping malls, hospitals, and transit hubs. Governments worldwide are investing in affordable housing, smart city projects, and infrastructure improvements, which also boosts elevator demand in new and renovated buildings.
Elevators and Escalators Market, By Technology
Traction elevator technology is mostly used in modern buildings because it offers a combination of speed, efficiency, and versatility. Traction elevators use ropes and a counterweight system to move the elevator car, which allows for much faster travel between floors, which is especially important in high-rise buildings where long distances need to be covered quickly. Their energy-efficient motors and smart control systems also help in the reduction of energy consumption, making them a more sustainable and cost-effective choice for building owners
Elevators and Escalators Market, By Service
The new installation sector significantly dominated the market share throughout the forecast period. This surge in demand is closely tied to the increasing construction of high-rise buildings, which encompass a diverse range of structures including modern office complexes, expansive shopping malls, luxurious residential apartments, and sophisticated hotels, all of which reflect robust economic growth. Elevators and escalators play a vital role in ensuring efficient vertical and horizontal transportation within these towering edifices, facilitating seamless access to various floors and sections. As the number of newly constructed buildings escalates, the need for efficient elevator and escalator systems also intensifies.
Elevators and Escalators Market, By End-use Industry
The commercial segment of the elevators and escalators market is projected to achieve the highest compound annual growth rate (CAGR) during the forecast period, emerging as the fastest-growing sector within the industry. This commercial category encompasses a diverse range of environments, including modern office buildings, bustling retail centers, expansive airports, luxurious hotels, and vibrant leisure parks. In the coming five years, a significant surge in the construction of hotels, retail outlets, and entertainment venues is expected, driven by increasing urbanization and consumer demand
REGION
Asia Pacific to be the largest region in the global elevators and escalators market during forecast period
The Asia-Pacific (APAC) region is projected to dominate the market for elevators and escalators throughout the forecast period. This growth can be attributed to several factors, including the rapid increase in the global population, which intensifies the demand for infrastructure capable of accommodating urban expansion. Additionally, improving economic conditions in developing nations are fueling investments in construction, particularly for high-rise buildings that necessitate advanced vertical transportation systems such as elevators and escalators.
Elevators & Escalators Market: COMPANY EVALUATION MATRIX
In the elevators and escalators market matrix, Mitsubishi Electric Corporation, (Star), is taking various business expansion initiatives, such as product launches, which could strengthen its operations and increase revenue. Hyundai Elevators Co., Ltd. (Emerging Leader) utilizes IoT, cloud, and AI platforms (like the MIRI smart maintenance system) for real-time diagnostics, predictive maintenance, and tailored service. While Mitsubishi Electric Corporation dominates with scale, Hyundai Elevators Co., Ltd. shows strong growth potential to advance toward the leaders’ quadrant.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 97.20 BN |
| Market Forecast in 2030 (value) | USD 113.81 BN |
| Growth Rate | CAGR of 2.86% from 2025-2030 |
| Years Considered | 2020–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Million), Volume (Thousand Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regions Covered | Europe, North America, Asia Pacific, the Middle East & Africa, and South America |
WHAT IS IN IT FOR YOU: Elevators & Escalators Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Middle East & Africa construction hotspots, regulatory frameworks, and distribution partners. |
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RECENT DEVELOPMENTS
- May 2025 : Hyundai Elevator and Samsung C&T signed an MOU to develop third-generation modular elevator technology for skyscrapers up to 500 meters tall. The modular system, over 70% prefabricated, aims to reduce construction time, improve safety, and lead the off-site construction trend.
- November 2024 : Otis Electric, Otis’s subsidiary, launched a new smart elevator designed for both new construction and modernization projects, featuring advanced digital technologies to enhance building mobility and efficiency.
- November 2024 : Hitachi’s Taiwan subsidiary secured its largest-ever order for 147 elevators and escalators to be installed across 13 stations in the second phase of the Taipei MRT Wanda-Zhonghe-Shulin Line, scheduled for completion in 2031.
- August 2024 : Schindler Olayan secured a significant contract to equip The Avenues, which will be the largest commercial mall in the Middle East. This contract includes the installation of 293 units, consisting of 135 elevators, 150 escalators, and 8 moving walkways. All of these units will be cloud-connected, allowing for 24/7 monitoring through Schindler’s ActionBoard.
- May 2024 : KONE acquired Orbitz Elevators’ service business in Australia and all operations in New Zealand, strengthening KONE’s position in the South Pacific with a skilled team and an expanded customer portfolio focused on custom-designed, innovative, and sustainable elevator and escalator solutions for both commercial and residential projects.
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
30
2
RESEARCH METHODOLOGY
35
3
EXECUTIVE SUMMARY
42
4
PREMIUM INSIGHTS
45
5
MARKET OVERVIEW
Smart vertical transportation in high-rise buildings drives energy-efficient market growth amidst economic uncertainties.
49
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
Increased construction of high-rise buildings equipped with smart vertical transportation
5.2.1.2
Growing need for reducing energy consumption in buildings
5.2.1.3
Growing aging population to facilitate development
5.2.2
RESTRAINTS
5.2.2.1
Uncertainty and risk regarding global economy
5.2.2.2
High maintenance cost
5.2.3
OPPORTUNITIES
5.2.3.1
Adoption of green building codes and energy-efficient products
5.2.3.2
Development of innovative technologies
5.2.4
CHALLENGES
5.2.4.1
Compliance with standards and regulations
6
INDUSTRY TRENDS
Discover how smart, AI-driven technologies are reshaping elevator pricing and market dynamics.
55
6.1
TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.2
PRICING ANALYSIS
6.2.1
AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE
6.2.2
RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE)
6.2.3
FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS
6.3
VALUE CHAIN ANALYSIS
6.3.1
RESEARCH & DEVELOPMENT
6.3.2
COMPONENT MANUFACTURERS
6.3.3
MANUFACTURERS
6.3.4
SOFTWARE & SERVICES
6.3.5
INTEGRATORS
6.3.6
END-USE APPLICATIONS
6.4
ECOSYSTEM ANALYSIS
6.5
TECHNOLOGY ANALYSIS
6.5.1
KEY TECHNOLOGIES
6.5.1.1
Intuitive elevator technology
6.5.1.2
Cable-free smart elevators
6.5.2
COMPLEMENTARY TECHNOLOGIES
6.5.2.1
Touchless interface
6.5.2.2
Internet of Things (IoT) and 5G technology
6.5.3
ADJACENT TECHNOLOGIES
6.5.3.1
AI for traffic management
6.5.3.2
Augmented reality for maintenance
6.6
IMPACT OF GEN AI ON ELEVATORS & ESCALATORS MARKET
6.7
PATENT ANALYSIS
6.7.1
INTRODUCTION
6.7.2
METHODOLOGY
6.7.3
PATENT ANALYSIS
6.7.4
JURISDICTION ANALYSIS
6.8
TRADE ANALYSIS
6.9
KEY CONFERENCES AND EVENTS
6.10
REGULATORY BODIES AND GOVERNMENT AGENCIES
6.10.1
REGULATORY FRAMEWORK
6.10.1.1
ASME A17.7-2007/CSA B44.7-07 (R2021)
6.10.1.2
EN 81-20:2014 and EN 81-50:2020
6.10.1.3
IS 14665 Part 2 and IS 15259
6.11
PORTER’S FIVE FORCES ANALYSIS
6.11.1
THREAT OF NEW ENTRANTS
6.11.2
THREAT OF SUBSTITUTES
6.11.3
BARGAINING POWER OF SUPPLIERS
6.11.4
BARGAINING POWER OF BUYERS
6.11.5
INTENSITY OF COMPETITIVE RIVALRY
6.12
MACROECONOMIC INDICATORS
6.12.1
INTRODUCTION
6.12.2
GDP TRENDS AND FORECASTS
6.13
KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1
KEY STAKEHOLDERS IN BUYING PROCESS
6.13.2
BUYING CRITERIA
6.14
CASE STUDY ANALYSIS
6.14.1
CASE STUDY 1: ELEVATORS GURGAON MEDANTA
6.14.2
CASE STUDY 2: ENHANCING HIGH-RISE EFFICIENCY WITH ADVANCED ELEVATOR SYSTEMS AT RUBY
6.14.3
CASE STUDY 3: HONEYWELL - CORPORATE OFFICE RENOVATIONS
6.14.4
CASE STUDY 4: KONE CORPORATION- 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA
6.15
INVESTMENT AND FUNDING SCENARIO
6.16
IMPACT OF 2025 US TARIFF ON ELEVATORS AND ESCALATORS MARKET
6.16.1
INTRODUCTION
6.16.2
KEY TARIFF RATES
6.16.3
PRICE IMPACT ANALYSIS
6.16.4
IMPACT ON COUNTRY/REGION
6.16.4.1
US
6.16.4.2
Europe
6.16.4.3
Asia Pacific
6.16.5
END-USE INDUSTRY IMPACT
7
ELEVATORS AND ESCALATORS MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 4 Data Tables
86
7.1
INTRODUCTION
7.2
ELEVATORS
7.2.1
DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS TO DRIVE MARKET
7.2.2
PASSENGER ELEVATORS
7.2.2.1
Bed elevators
7.2.2.2
Service elevators
7.2.2.3
Observation elevators
7.2.2.4
Residential elevators
7.2.3
FREIGHT ELEVATORS
7.2.3.1
Dumbwaiters
7.2.3.2
Vehicle elevators
7.2.4
OTHER ELEVATOR TYPES
7.3
ESCALATORS
7.3.1
BOOM IN REAL ESTATE SECTOR AND NEED FOR EFFICIENT & RAPID TRANSIT SYSTEMS TO DRIVE MARKET
7.4
MOVING WALKWAYS
7.4.1
INCREASING NUMBER OF AIRPORTS AND SHOPPING MALLS TO DRIVE MARKET
8
ELEVATORS AND ESCALATORS MARKET, BY SERVICE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 4 Data Tables
91
8.1
INTRODUCTION
8.2
NEW INSTALLATION
8.2.1
RISING CONSTRUCTION ACTIVITIES TO DRIVE MARKET
8.3
MAINTENANCE & REPAIR
8.3.1
GROWING CONCERNS REGARDING AGING ELEVATORS TO DRIVE MARKET
8.4
MODERNIZATION
8.4.1
NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET
9
ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 4 Data Tables
95
9.1
INTRODUCTION
9.2
TRACTION ELEVATORS
9.2.1
LIGHTWEIGHT PROPERTY TO DRIVE MARKET
9.3
MACHINE-ROOM-LESS TRACTION ELEVATORS
9.3.1
COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY TO DRIVE MARKET
9.4
HYDRAULIC ELEVATORS
9.4.1
TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET
10
ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 4 Data Tables
99
10.1
INTRODUCTION
10.2
RESIDENTIAL
10.2.1
GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION TO DRIVE MARKET
10.3
COMMERCIAL
10.3.1
NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO DRIVE MARKET
10.4
INSTITUTIONAL
10.4.1
RISING DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET
10.5
INFRASTRUCTURE
10.5.1
RAPID URBANIZATION TO DRIVE MARKET
10.6
OTHER END-USE INDUSTRIES
11
ELEVATORS AND ESCALATORS MARKET, BY REGION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 240 Data Tables
104
11.1
INTRODUCTION
11.2
NORTH AMERICA
11.2.1
US
11.2.1.1
Government investments in infrastructure projects to drive market
11.2.2
CANADA
11.2.2.1
Increased investment in residential sector to drive market
11.2.3
MEXICO
11.2.3.1
Growth in commercial construction to drive market
11.3
ASIA PACIFIC
11.3.1
CHINA
11.3.1.1
Rapid industrialization and urbanization to drive market
11.3.2
INDIA
11.3.2.1
Government initiatives for smart cities to drive market
11.3.3
JAPAN
11.3.3.1
Increasing adoption of smart technologies to drive market
11.3.4
SOUTH KOREA
11.3.4.1
Changing lifestyles and increasing government initiatives to drive market
11.3.5
REST OF ASIA PACIFIC
11.4
EUROPE
11.4.1
GERMANY
11.4.1.1
Emphasis on modernization, infrastructure development, and stringent safety standards to drive market
11.4.2
FRANCE
11.4.2.1
Regulatory frameworks and architectural needs to drive market
11.4.3
UK
11.4.3.1
Development of smart cities and new technologies to drive market
11.4.4
ITALY
11.4.4.1
Growing investment in construction industry to drive market
11.4.5
SPAIN
11.4.5.1
Sustainability in construction and real estate sectors to drive market
11.4.6
REST OF EUROPE
11.5
SOUTH AMERICA
11.5.1
BRAZIL
11.5.1.1
Increasing demand for residential & nonresidential construction to drive market
11.5.2
ARGENTINA
11.5.2.1
Investment in construction sector to drive market
11.5.3
REST OF SOUTH AMERICA
11.6
MIDDLE EAST & AFRICA
11.6.1
GCC COUNTRIES
11.6.1.1
UAE
11.6.1.2
Saudi Arabia
11.6.1.3
Rest of GCC countries
11.6.2
REST OF MIDDLE EAST & AFRICA
12
COMPETITIVE LANDSCAPE
Uncover strategic maneuvers and market dominance of industry leaders and emerging innovators.
192
12.1
OVERVIEW
12.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3
REVENUE ANALYSIS OF KEY PLAYERS
12.4
MARKET SHARE ANALYSIS
12.5
COMPANY VALUATION AND FINANCIAL METRICS
12.6
PRODUCT/BRAND COMPARISON
12.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
12.7.1
STARS
12.7.2
EMERGING LEADERS
12.7.3
PERVASIVE PLAYERS
12.7.4
PARTICIPANTS
12.7.5
COMPANY FOOTPRINT: KEY PLAYERS, 2024
12.7.5.1
Company footprint
12.7.5.2
Region footprint
12.7.5.3
End-use industry footprint
12.7.5.4
Type footprint
12.7.5.5
Service footprint
12.7.5.6
Elevator technology footprint
12.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
12.8.1
PROGRESSIVE COMPANIES
12.8.2
RESPONSIVE COMPANIES
12.8.3
DYNAMIC COMPANIES
12.8.4
STARTING BLOCKS
12.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
12.8.5.1
Detailed list of key startups/SMEs
12.8.5.2
Competitive benchmarking of key startups/SMEs
12.9
COMPETITIVE SCENARIO
12.9.1
PRODUCT LAUNCHES
12.9.2
EXPANSIONS
12.9.3
DEALS
12.9.4
OTHER DEVELOPMENTS
13
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
225
13.1
KEY PLAYERS
13.1.1
SCHINDLER GROUP
13.1.1.1
Business overview
13.1.1.2
Products offered
13.1.1.3
Recent developments
13.1.1.4
MnM view
13.1.2
OTIS WORLDWIDE CORPORATION
13.1.3
KONE CORPORATION
13.1.4
HITACHI LTD.
13.1.5
HYUNDAI ELEVATOR CO., LTD.
13.1.6
FUJITEC CO., LTD.
13.1.7
TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION
13.1.8
MITSUBISHI ELECTRIC CORPORATION
13.1.9
TK ELEVATOR
13.1.10
SJEC CORPORATION
13.2
OTHER PLAYERS
13.2.1
KLEEMANN
13.2.2
SIGMA ELEVATORS
13.2.3
WEMAINTAIN
13.2.4
ESCON ELEVATORS
13.2.5
SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.
13.2.6
ORONA
13.2.7
EITA ELEVATOR
13.2.8
GLARIE ELEVATOR
13.2.9
AARON INDUSTRIES LTD.
13.2.10
LEO ELEVATORS
13.2.11
TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED
13.2.12
STANNAH GROUP
13.2.13
CIBES LIFT
13.2.14
WALTON GROUP
13.2.15
EXPEDITE AUTOMATION LLP
13.2.16
LIFT AI VENTURES INC.
14
ADJACENT & RELATED MARKETS
284
14.1
INTRODUCTION
14.2
LIMITATIONS
14.2.1
SMART ELEVATOR MARKET
14.2.1.1
Market definition
14.2.1.2
Smart elevator market, by component
14.2.1.3
Smart elevator market, by application
14.2.1.4
Smart elevator market, by service
14.2.1.5
Smart elevator market, by region
15
APPENDIX
288
15.1
DISCUSSION GUIDE
15.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3
CUSTOMIZATION OPTIONS
15.4
RELATED REPORTS
15.5
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
AVERAGE SELLING PRICE OF ELEVATORS, BY TYPE (PER UNIT)
TABLE 2
ELEVATORS AND ESCALATORS MARKET: ROLE OF PLAYERS IN ECOSYSTEM
TABLE 3
LIST OF KEY PATENTS, 2022–2024
TABLE 4
EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 5
IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 6
ELEVATORS AND ESCALATORS MARKET: CONFERENCES & EVENTS, 2025–2026
TABLE 7
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10
MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11
SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12
CONTAINER COMPLIANCE OPTIONS FOR SAFETY AND ACCESSIBILITY IN EUROPE
TABLE 13
LIFT/ELEVATOR STANDARDS IN INDIA
TABLE 14
ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 15
WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES, 2024–2026
TABLE 16
WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES, 2024–2026
TABLE 17
WORLD GDP ANNUAL PERCENTAGE CHANGE OF EMERGING MARKET AND DEVELOPING ECONOMIES, 2024–2026
TABLE 18
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
TABLE 19
KEY BUYING CRITERIA FOR ELEVATORS AND ESCALATORS INDUSTRY
TABLE 20
ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 21
ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 22
ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 23
ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 24
ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2020–2023 (USD MILLION)
TABLE 25
ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2030 (USD MILLION)
TABLE 26
ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2020–2023 (THOUSAND UNITS)
TABLE 27
ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2030 (THOUSAND UNITS)
TABLE 28
ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 29
ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 30
ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2020–2023 (THOUSAND UNITS)
TABLE 31
ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2024–2030 (THOUSAND UNITS)
TABLE 32
ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 33
ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 34
ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 35
ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 36
ELEVATORS AND ESCALATORS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 37
ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 38
ELEVATORS AND ESCALATORS MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)
TABLE 39
ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
TABLE 40
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 41
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 42
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
TABLE 43
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
TABLE 44
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 45
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 46
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 47
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 48
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 49
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 50
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 51
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 52
US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 53
US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 54
US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 55
US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 56
US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 57
US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 58
US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 59
US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 60
CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 61
CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 62
CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 63
CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 64
CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 65
CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 66
CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 67
CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 68
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 69
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 70
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 71
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 72
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 73
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 74
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 75
MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 76
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 77
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 78
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
TABLE 79
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
TABLE 80
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 81
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 82
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 83
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 84
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 85
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 86
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 87
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 88
CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 89
CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 90
CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 91
CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 92
CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 93
CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 94
CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 95
CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 96
INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 97
INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 98
INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 99
INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 100
INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 101
INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 102
INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 103
INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 104
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 105
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 106
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 107
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 108
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 109
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 110
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 111
JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 112
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 113
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 114
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 115
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 116
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 117
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 118
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 119
SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 120
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 121
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 122
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 123
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 124
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 125
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 126
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 127
REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 128
EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 129
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 130
EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
TABLE 131
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
TABLE 132
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 133
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 134
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 135
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 136
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 137
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 138
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 139
EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 140
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 141
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 142
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 143
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 144
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 145
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 146
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 147
GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 148
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 149
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 150
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 151
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 152
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 153
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 154
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 155
FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 156
UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 157
UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 158
UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 159
UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 160
UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 161
UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 162
UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 163
UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 164
ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 165
ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 166
ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 167
ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 168
ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 169
ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 170
ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 171
ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 172
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 173
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 174
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 175
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 176
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 177
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 178
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 179
SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 180
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 181
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 182
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 183
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 184
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 185
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 186
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 187
REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 188
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 189
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 190
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
TABLE 191
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
TABLE 192
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 193
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 194
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 195
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 196
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 197
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 198
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 199
SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 200
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 201
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 202
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 203
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 204
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 205
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 206
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 207
BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 208
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 209
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 210
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 211
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 212
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 213
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 214
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 215
ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 216
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 217
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 218
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 219
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 220
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 221
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 222
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 223
REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 224
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 225
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 226
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
TABLE 227
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
TABLE 228
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 229
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 230
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 231
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 232
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 233
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 234
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 235
MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 236
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 237
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 238
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 239
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 240
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 241
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 242
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 243
GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 244
UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 245
UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 246
UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 247
UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 248
UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 249
UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 250
UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 251
UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 252
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 253
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 254
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 255
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 256
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 257
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 258
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 259
SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 260
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 261
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 262
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 263
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 264
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 265
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 266
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 267
REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 268
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 269
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 270
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 271
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)
TABLE 272
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
TABLE 273
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 274
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS)
TABLE 275
REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS)
TABLE 276
OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS BETWEEN JANUARY 2021 AND JUNE 2025
TABLE 277
ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION
TABLE 278
ELEVATORS AND ESCALATORS MARKET: REGION FOOTPRINT
TABLE 279
ELEVATORS AND ESCALATORS MARKET: END-USE INDUSTRY FOOTPRINT
TABLE 280
ELEVATORS AND ESCALATORS MARKET: TYPE FOOTPRINT
TABLE 281
ELEVATORS AND ESCALATORS MARKET: SERVICE FOOTPRINT
TABLE 282
ELEVATORS AND ESCALATORS MARKET: ELEVATOR TECHNOLOGY FOOTPRINT
TABLE 283
ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 284
ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (1/2)
TABLE 285
ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (2/2)
TABLE 286
ELEVATORS AND ESCALATORS MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 287
ELEVATORS AND ESCALATORS MARKET: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 288
ELEVATORS AND ESCALATORS MARKET: DEALS, JANUARY 2021–JUNE 2025
TABLE 289
ELEVATORS AND ESCALATORS MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 290
SCHINDLER GROUP: COMPANY OVERVIEW
TABLE 291
SCHINDLER GROUP: PRODUCTS OFFERED
TABLE 292
SCHINDLER GROUP: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 293
SCHINDLER GROUP: DEALS, JANUARY 2021–JUNE 2025
TABLE 294
SCHINDLER GROUP: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 295
OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW
TABLE 296
OTIS WORLDWIDE CORPORATION: PRODUCTS OFFERED
TABLE 297
OTIS WORLDWIDE CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 298
OTIS WORLDWIDE CORPORATION: DEALS, JANUARY 2021–JUNE 2025
TABLE 299
OTIS WORLDWIDE CORPORATION: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 300
OTIS WORLDWIDE CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 301
KONE CORPORATION: COMPANY OVERVIEW
TABLE 302
KONE CORPORATION: PRODUCTS OFFERED
TABLE 303
KONE CORPORATION: DEALS, JANUARY 2021–JUNE 2025
TABLE 304
KONE CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 305
HITACHI LTD.: COMPANY OVERVIEW
TABLE 306
HITACHI LTD.: PRODUCTS OFFERED
TABLE 307
HITACHI LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 308
HITACHI LTD.: DEALS, JANUARY 2021–JUNE 2025
TABLE 309
HITACHI LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 310
HITACHI LTD.: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 311
HYUNDAI ELEVATOR CO., LTD.: COMPANY OVERVIEW
TABLE 312
HYUNDAI ELEVATOR CO., LTD.: PRODUCTS OFFERED
TABLE 313
HYUNDAI ELEVATOR CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 314
HYUNDAI ELEVATOR CO., LTD.: DEALS, JANUARY 2021–JUNE 2025
TABLE 315
HYUNDAI ELEVATOR CO., LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 316
HYUNDAI ELEVATOR CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 317
FUJITEC CO., LTD.: COMPANY OVERVIEW
TABLE 318
FUJITEC CO., LTD.: PRODUCTS OFFERED
TABLE 319
FUJITEC CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 320
FUJITEC CO., LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 321
FUJITEC CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 322
TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: COMPANY OVERVIEW
TABLE 323
TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: PRODUCTS OFFERED
TABLE 324
TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 325
MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
TABLE 326
MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 327
MITSUBISHI ELECTRIC CORPORATION: DEALS, JANUARY 2021–JUNE 2025
TABLE 328
MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 329
MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 330
TK ELEVATOR: COMPANY OVERVIEW
TABLE 331
TK ELEVATOR: PRODUCTS OFFERED
TABLE 332
TK ELEVATOR: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
TABLE 333
TK ELEVATOR: DEALS, JANUARY 2021–JUNE 2025
TABLE 334
TK ELEVATOR: EXPANSIONS, JANUARY 2021–JUNE 2025
TABLE 335
TK ELEVATOR: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
TABLE 336
SJEC CORPORATION: COMPANY OVERVIEW
TABLE 337
SJEC CORPORATION: PRODUCTS OFFERED
TABLE 338
KLEEMANN: COMPANY OVERVIEW
TABLE 339
SIGMA ELEVATORS: COMPANY OVERVIEW
TABLE 340
WEMAINTAIN: COMPANY OVERVIEW
TABLE 341
ESCON ELEVATORS: COMPANY OVERVIEW
TABLE 342
SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 343
ORONA: COMPANY OVERVIEW
TABLE 344
EITA ELEVATOR: COMPANY OVERVIEW
TABLE 345
GLARIE ELEVATOR: COMPANY OVERVIEW
TABLE 346
AARON INDUSTRIES LTD.: COMPANY OVERVIEW
TABLE 347
LEO ELEVATORS: COMPANY OVERVIEW
TABLE 348
TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 349
STANNAH GROUP: COMPANY OVERVIEW
TABLE 350
CIBES LIFT: COMPANY OVERVIEW
TABLE 351
WALTON GROUP: COMPANY OVERVIEW
TABLE 352
EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW
TABLE 353
LIFT AI VENTURES INC.: COMPANY OVERVIEW
TABLE 354
SMART ELEVATOR MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 355
SMART ELEVATOR MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 356
SMART ELEVATOR MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 357
SMART ELEVATOR MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 358
SMART ELEVATOR MARKET, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 359
SMART ELEVATOR MARKET, BY SERVICE, 2021–2026 (USD MILLION)
TABLE 360
SMART ELEVATOR MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 361
SMART ELEVATOR MARKET, BY REGION, 2021–2026 (USD MILLION)
LIST OF FIGURES
FIGURE 1
ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN
FIGURE 2
STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS
FIGURE 3
MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 4
MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 5
MARKET SIZE ESTIMATION: SUPPLY-SIDE
FIGURE 6
ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION
FIGURE 7
NEW INSTALLATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 8
MACHINE-ROOM-LESS TRACTION ELEVATORS SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 9
ELEVATORS SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 10
RESIDENTIAL SEGMENT TO DOMINATE MARKET IN 2025
FIGURE 11
ASIA PACIFIC DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2024
FIGURE 12
INCREASED CONSTRUCTION OF HIGH-RISE BUILDINGS EQUIPPED WITH SMART VERTICAL TRANSPORTATION OFFERS LUCRATIVE GROWTH OPPORTUNITIES
FIGURE 13
MACHINE-ROOM-LESS TRACTION ELEVATORS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 14
ELEVATORS SEGMENT TO DOMINATE MARKET IN TERMS OF VOLUME
FIGURE 15
MODERNIZATION SEGMENT TO REGISTER HIGHEST GROWTH IN TERMS OF VOLUME
FIGURE 16
COMMERCIAL SEGMENT TO WITNESS HIGH GROWTH IN MARKET, BY VOLUME, DURING FORECAST PERIOD
FIGURE 17
ELEVATORS SEGMENT ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024
FIGURE 18
US TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 19
ELEVATORS AND ESCALATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 20
URBAN AND RURAL POPULATION, 1950–2050 (BILLION)
FIGURE 21
ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL SECTORS, 1950–2024
FIGURE 22
GLOBAL AGING POPULATION (% INCREASE), 1970–2024
FIGURE 23
TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 24
ELEVATORS AND ESCALATORS MARKET: VALUE CHAIN ANALYSIS
FIGURE 25
ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM
FIGURE 26
GEN AI USE IN ELEVATORS AND ESCALATORS MARKET
FIGURE 27
ELEVATORS AND ESCALATORS MARKET: MAJOR PATENTS, 2015–2024
FIGURE 28
JURISDICTION ANALYSIS, 2015–2024
FIGURE 29
EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
FIGURE 30
IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
FIGURE 31
ELEVATORS AND ESCALATORS MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 32
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
FIGURE 33
KEY BUYING CRITERIA OF ELEVATORS AND ESCALATORS MARKET
FIGURE 34
INVESTOR DEALS AND FUNDING SOARED IN 2022
FIGURE 35
ELEVATORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 36
NEW INSTALLATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 37
MACHINE-ROOM-LESS TRACTION ELEVATORS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 38
RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 39
US TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 40
ASIA PACIFIC TO LEAD ELEVATORS AND ESCALATORS MARKET IN 2024
FIGURE 41
NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET SNAPSHOT
FIGURE 42
ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT
FIGURE 43
REVENUE ANALYSIS OF KEY COMPANIES IN ELEVATORS AND ESCALATORS MARKET, 2020–2024 (USD BILLION)
FIGURE 44
ELEVATORS AND ESCALATORS MARKET SHARE ANALYSIS, 2024
FIGURE 45
COMPANY VALUATION (USD BILLION)
FIGURE 46
FINANCIAL MATRIX: EV/EBITDA RATIO
FIGURE 47
YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA
FIGURE 48
PRODUCT/BRAND COMPARISON
FIGURE 49
ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 50
ELEVATORS AND ESCALATORS MARKET: COMPANY FOOTPRINT
FIGURE 51
ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 52
SCHINDLER GROUP: COMPANY SNAPSHOT
FIGURE 53
OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT
FIGURE 54
KONE CORPORATION: COMPANY SNAPSHOT
FIGURE 55
HITACHI LTD.: COMPANY SNAPSHOT
FIGURE 56
HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT
FIGURE 57
FUJITEC CO., LTD.: COMPANY SNAPSHOT
FIGURE 58
MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
Methodology
The study involved four major activities to estimate the current size of the global elevators and escalators market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of elevators and escalators through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the elevators and escalators market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources such as D&B Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the elevators and escalators market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies; trade directories; and databases.
Primary Research
The elevators and escalators market comprises several stakeholders in the supply chain, which include raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the elevators and escalators market. Primary sources from the supply side include associations and institutions involved in the elevators and escalators industry, key opinion leaders, and processing players.
The following is the breakdown of primary respondents:
Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 billion; Tier 2: USD 500 million to 1 billion; and Tier 3: < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the elevators and escalators market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments of the elevators and escalators market. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
An elevator, also known as a lift, serves as a technological solution for vertical transportation, facilitating the movement of individuals or goods between different levels of a building, vessels, or other structures. Typically powered by electric motors, elevators employ either traction cables or counterweight systems, such as hoists or hydraulic pumps with cylindrical pistons (e.g., jacks). In contrast, an escalator functions as a vertical transportation method utilizing a continuously moving staircase. Operating on the principle of a conveyor transport device, an escalator comprises a motor-driven chain of interconnected steps that ascend or descend on tracks, ensuring that the step treads remain in a horizontal position.
Stakeholders
- Component Manufacturer and Suppliers
- Environmental Associations
- Consulting Companies in the Elevators & Escalators Industry
- Elevators & Escalator Manufacturers
- Traders and Distributors of Elevators & Escalators
- NGOs, Governments, Research Organizations, Investment Banks, Venture Capitalists, and Private Equity Firms
- End-use Industries
Report Objectives
- To define, analyze, and project the size of the elevators and escalators market in terms of value based on type, service, elevator technology, end-use industry, and region
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the market growth
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
- To analyze the competitive developments, such as product launches, expansions, and acquisitions, in the elevators and escalators market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies
Key Questions Addressed by the Report
What are the major drivers for the elevators and escalators market?
Increasing construction of high-rise buildings equipped with smart vertical transportation systems, driven by rapid urbanization and the need to reduce energy consumption.
What are the major challenges in the elevators and escalators market?
Adherence to standards and regulations.
What are the restraining factors in the elevators and escalators market?
Uncertainty regarding the global economy and high maintenance costs.
What is the key opportunity in the elevators and escalators market?
Implementation of green building codes, energy-efficient products, and innovative technologies driving demand for smart elevators.
What are the end-use industries where elevator and escalator components are used?
Residential, commercial, institutional, and infrastructure industries.
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