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Elevator and Escalator Market By Product (Elevators, Escalators, Moving Walkway) By Business (New Equipment, Maintenance, Modernization) – Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 18399 | Report Format : PDF

Key Highlights of the Report

The global elevator and escalator market is divided into four categories: product, business, application, and region. Elevators dominated the market, with new equipment and maintenance being the two most important business segments. The residential application sector will account for the majority of market growth, with Asia Pacific leading the way.

Several factors are driving the worldwide elevator and escalator market, including increased infrastructure investment and the number of high-speed metro projects. Furthermore, Asia-Pacific is predicted to dominate the market due to rising demand for elevators and escalators in countries such as China and India. However, the market is also confronted with substantial hurdles, including as fierce competition and stringent safety regulations.

Nonetheless, the worldwide elevator and escalator market presents considerable development prospects, with green building rules, energy-saving solutions, and Intelligent Elevators all being embraced. Furthermore, as cities become more densely populated and the number of high-rise buildings increases, the elevator and escalator market is expected to grow in the coming years.

Market Overview

The global elevator and escalator market has grown steadily in recent years and is predicted to increase at a 6.90% CAGR between 2023 and 2030. In 2022, the market was worth USD 81.9 billion, and it is predicted to grow to USD 130.6 billion by 2030.

What Are The primary Drivers Of The Global Elevator and Escalator Market?

The global elevator and escalator market is driven by several factors, including growing Infrastructure Investment and the Number of High-Speed Metro Projects

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What Are The Major Challenges Faced By The Global Elevator and Escalator Market?

The global elevator and escalator market also faces several challenges, including the Strenuous Competition and Strict Safety Regulations

What Are The Growth Opportunities In The Global Elevator and Escalator Market?

The global elevator and escalator market offers significant growth opportunities, including green construction codes, energy-saving products, and Intelligent Elevators are all being adopted.

Executive Summary

Overview of the Global Elevator and Escalator Market

The elevator and escalator market refers to the industry that creates, manufactures, installs, and maintains elevators and escalators. Elevators and escalators are crucial components of modern structures, providing people and commodities with safe and efficient vertical mobility. Products in the market include passenger elevators, freight elevators, escalators, and moving walkways, as well as related services such as maintenance, repair, and modernisation. The market is being pushed by factors such as rising infrastructure investment and the number of high-speed metro projects, energy-saving elevators and escalators, and rising demand for high-rise buildings, and is likely to expand further in the coming years.

Market Definition

An elevator is a closed cabin powered by an electrical motor that lifts a cylinder piston using pump hydropower, counterweight systems, or traction cables. Lifts are innovative vertical transportation solutions that make optimum use of urban space while also allowing movement within buildings. An escalator is defined as a moving staircase or piece of transportation used to carry people between building floors. The device is often a chain with motorised steps that travel up and down the path, allowing the steps to remain horizontal.

Market Insights

  • Global demand for elevators and escalators was worth USD 81.9 billion in 2022 and is predicted to reach USD 130.6 billion in 2030, rising at a 6.90% CAGR between 2023 and 2030.
  • In 2022, elevators led the market, accounting for more than 42.00% of global revenue.
  • The new equipment segment is expected to be dominant during the forecast period.
  • The residential segment will make up the majority of the application
  •  is predicted to have a high CAGR in 2022.
  • Growing Infrastructure Investment and the Number of High-Speed Metro Projects are the major drivers of the market.
  • At the same time, the increased Elevator and Escalator Casualties and High Costs are the main restraints.
  • Green construction codes, energy-saving products, and Intelligent Elevators are all being adopted are the major opportunities in the market.

Segmentation by Product

  • In 2022, elevators led the market, accounting for more than 42.00% of global revenue.
  • Moving walkways are predicted to be in higher demand and to fuel future market expansion at a rate of 6.60%.
  • Escalators are expected to be the market’s fastest-growing segment

Segmentation by business

  • The new equipment segment is expected to be dominant during the forecast period.
  • In 2022, maintenance will be the most popular business segment in the market.
  • The remaining demand for elevators and escalators is contributed by the maintenance segment.

Segmentation by Application

  • The residential segment will make up the majority of the application segment.
  • The commercial segment is expected to post the highest CAGR during the forecast period
  • The industrial segment has the lowest market demand.

Segmentation by Region

  • The Asia-Pacific region controls more than 45% of the elevator and escalator business.
  • In the global market, North America is predicted to have a high CAGR in 2022.
  • segment.
  • The Asia-Pacific region controls more than 45% of the elevator and escalator market.
  • In the global market, North America Europe is predicted to account for a sizable revenue portion of the elevators and escalators market.
  • The rest of the World, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for elevator and escalators.

The increased infrastructure investment and the number of high-speed metro projects can be related to the rising demand for elevators and escalators. However, the market is being held back by growing elevator and escalator casualties as well as high costs.

With more than 45% market share, the Asia-Pacific region dominates the worldwide elevator and escalator industry and is likely to grow further with more smart city projects scheduled throughout the projection period. Increasing foreign investments and increased rollouts of government-backed projects in nations such as India and China, focusing on the growth of industrial infrastructure in the region, will provide substantial impetus to the industrial sector during the projection timeframe. The Pacific Asia Lift (Elevator) and Escalator Association was founded to serve the interests of the Asia Pacific lift (elevator) and escalator business and covers twenty-four Asia-Pacific countries.

The existence of well-established players in the North American region is a significant factor for the market’s success, particularly in the United States. The region’s focus on energy consumption and promoting green energy is projected to drive robust growth in the North American elevator and escalator market. The Occupational Safety and Health Administration and the American Society of Mechanical Engineers establish all national laws concerning elevator maintenance.

Overall, the increasing demand for elevator and escalators can be attributed to the growing Infrastructure Investment and the Number of High-Speed Metro Projects

Increasing Infrastructure Investment

The industry is likely to rise as developing economies increase their infrastructure spending. Furthermore, the UNCTAD Trade and Development report examines over 40 developing nations, with an emphasis on infrastructure projects. Thus, expanding government initiatives from various emerging nations to drive their economies are anticipated to create bridges, dams, and urban infrastructure growth such as highways, schools, ports, and airports, which will drive the market. India, for example, intends to invest USD 1.4 trillion on infrastructure over the next five years.

Increasing number of high-speed metro projects

In recent years, India has seen a tremendous surge in expenditures by both government and private entities in large-scale metro projects, particularly in tier-1 and tier-2 cities, to provide consumers with an efficient transportation system. With the rapid development in urbanisation, more people have migrated to cities in quest of a better way of life and work opportunities, resulting in a scarcity of effective transportation infrastructure.

Furthermore, the constant expansion in the construction of new metro stations has not only provided the economy with superior infrastructure but has also increased demand for elevators and escalators. During the projection period, real estate investments near these metro rail stations would increase demand for elevators and escalators in India.

Elevator and Escalator

Elevator and Escalator that Saves Energy

Elevators consume 2% to 7% of the total energy consumed in the building and have great room for improvement in terms of energy usage. As a result, elevator manufacturers are concentrating on the creation of energy-efficient elevators. These elevators utilise less energy and are more compact thanks to enhanced hardware controls. Furthermore, the spike in government energy-saving measures is projected to boost sales of energy-efficient devices. For example, the Swiss government announced in 2019 that it will refurbish outdated elevators to improve energy efficiency, utilising Schindler Switzerland as its technical partner.

As a result, skilled electricity elevators are anticipated to be in great demand.

Increase in Elevator and Escalator Casualties

The industry is projected to be impacted by rising worries about elevator and escalator accidents. Every year in the United States, more than 30 people are killed and 17,000 are badly injured in elevator and escalator accidents, according to the Bureau of Labour Statistics and the Consumer Product Safety Commision. Elevator accidents account for about 90% of fatalities and 60% of serious injuries. Incidents involving workers caught between moving parts of elevators and escalators, as well as maintenance and repair services, are common. However, improved workplace safety and security measures, as well as training, are projected to reduce mishaps during repairing and maintenance tasks.

High Costs

While the elevator and escalator market is likely to develop in the next years, one of the primary restrictions is the high cost of elevator and escalator installation and maintenance. Installing an elevator or escalator can be expensive, which may discourage some building owners from investing in these systems.

Additionally, elevators and escalators require routine maintenance to maintain safe and effective functioning. Maintenance costs can also be significant, particularly for older systems that require more frequent repairs and updates. These expenditures can be enormous for building owners, especially those with older properties that require more extensive improvements.

Overall, while the elevator and escalator business has great development potential, high costs are a major impediment that may limit the adoption of these systems in particular buildings. To address this obstacle and promote greater adoption of elevators and escalators, manufacturers and service providers will need to develop ways to make these systems more inexpensive and cost-effective.

Adoption of green building codes and energy-saving products

Growing environmental concerns have boosted the demand for green, environmentally friendly products. Consumer expectations for value-added products for elevators, escalators, and moving walkways are progressively evolving towards premium green building materials. The adoption of green building materials can greatly reduce emissions. These materials aid in energy conservation. Achieve sustainability, lower emissions, and protect the environment.

Global energy demand is estimated to rise by 20%-35% over the next 15 years, according to Urban Hub, an interactive platform for those working on the future of smart cities and mobility, with cities accounting for around two-thirds of the projected energy consumption.

Intelligent Elevators

Mart elevators are outfitted with innovative technology such as artificial intelligence, machine learning, and the Internet of Things (IoT) to give a more efficient and personalised experience for users. Smart elevators, for example, can be programmed to optimise elevator traffic and cut waiting times by forecasting the number of passengers and their destinations. This can help to improve the overall efficiency of the building as well as the user experience.

Furthermore, smart elevators can be interconnected with other building systems such as security, lighting, and HVAC to create a more connected and intelligent building environment. This can help to improve energy efficiency, lower costs, and improve the overall sustainability of the building.

Overall, the development of smart elevators represents a considerable opportunity for elevator and escalator manufacturers and service providers. Companies can differentiate themselves and get a competitive advantage in the market by harnessing advanced technologies to offer more efficient and personalised experiences for users.

Competitive Landscape

Key Players

The global elevator and escalator market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:

  • thyssenkrupp AG (Cinven, Advent and RAG Foundation) (Germany)
  • United Technologies (U.S.)
  • Schindler (Switzerland)
  • KONE CORPORATION (Finland)
  • Hitachi, Ltd. (Japan)
  • HYUNDAIELEVATOR CO., LTD. (South Korea)
  • Mitsubishi Electric Corporation (Japan)
  • Johnson Elevator Co., Ltd. (China)
  • FUJITEC CO., LTD (Japan)
  • Toshiba Corporation (Japan)
  • Others

These companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions to stay ahead in the market.

The major players in the global elevator and escalator market are constantly striving to stay ahead by introducing new products and innovations.

Mitsubishi Electric Corporation announced the formal introduction of the NEXIEZ-LITE MRL elevator created by its own subsidiary, ‘Mitsubishi Elevator India Private Limited (IMEC)’ in 2019. This device will be added to its exclusive ‘NEXIEZ-LITE’ family of elevators for usage in mid- and low-rise office space, hotels, and residences throughout India. This product introduction was designed to capitalise on outstanding potential in India, one of the world’s major elevator markets.

In 2020, ThyssenKrupp Elevator, a market leader in urban mobility, has announced the formal debut of two new exclusive elevator families, namely ‘evolution’ and’synergy,’ with the goal of providing customised mobility across Europe and Africa. These two new product launches were designed to meet the growing demand for elevators of the highest quality, service, and elegance in the aforementioned locations.

In 2020, KONE, a leading company, made a politician statement about its acquisition of Eltec Elevator Ltd’s servicing and repair division. This transaction was made with the goal of providing excellent service to customers in diverse places. Furthermore, this acquisition was a significant step towards strengthening the company’s market position and ability to provide new elevator and escalator solutions.

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Summary of Key Findings

  • Growing Infrastructure Investment and the Number of High-Speed Metro Projects is driving market growth
  • Market segmented by product, business, application, and region.
  • elevators led the market, accounting for more than 42.00% of global revenue.
  • The residential segment will make up the majority of the application segment.
  • The Asia-Pacific region dominats the elevator and escalator market.

Future Outlook

  • Because of increased urbanisation and the increasing number of high-rise buildings, the elevator and escalator market is likely to expand in the coming years.
  • Energy-efficient elevators and smart elevators are likely to fuel market expansion.
  • Due to increased demand for elevators and escalators in countries like as China and India, Asia-Pacific is expected to dominate the market.
  • Key players to focus on product innovation, expanding market reach and maintaining competitive pricing to stay ahead in the market.

Segmentation

  • By Product
  • Elevators
  • Escalators
  • Moving Walkway
  • By Business
  • New Equipment
  • Maintenance
  • Modernization
  • By Application
  • Residential
  • Commercial
  • Industrial
  • By Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – DataModelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Elevator and Escalator Market
2.2. Global Elevator and Escalator Market, By Product
2.3. Global Elevator and Escalator Market, By Business
2.4. Global Elevator and Escalator Market, By Application
2.5. Global Elevator and Escalator Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Elevator and Escalator Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product
3.5.2. Business
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Product Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. New Equipment Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Elevator and Escalator Market, By Product
7.1. Global Elevator and Escalator Market Overview, by Product
7.1.1. Global Elevator and Escalator Market Revenue Share, By Product, 2022 Vs 2030 (in %)
7.2. Elevators
7.2.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
7.3. Escalators
7.3.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
7.4. Moving Walkway
7.4.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)

8. Global Elevator and Escalator Market, By Business
8.1. Global Elevator and Escalator Market Overview, by Business
8.1.1. Global Elevator and Escalator Market, By Business, 2022 vs 2030 (in%)
8.2. New Equipment
8.2.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
8.3. Maintenance
8.3.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
8.4. Modernization
8.4.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)

9. Global Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
9.1. Global Elevator and Escalator Market Overview, by Application
9.1.1. Global Elevator and Escalator Market, By Application, 2022 vs 2030 (in%)
9.2. Residential
9.2.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
9.3. Commercial
9.3.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)
9.4. Industrial
9.4.1. Global Elevator and Escalator Market, By Region, 2017-2030 (US$ Bn)

10. Global Elevator and Escalator Market, By Region
10.1. Global Elevator and Escalator Market Overview, by Region
10.1.1. Global Elevator and Escalator Market, By Region, 2022 vs 2030 (in%)
10.2. Product
10.2.1. Global Elevator and Escalator Market, By Product, 2017-2030 (US$ Bn)
10.3. Business
10.3.1. Global Elevator and Escalator Market, By Business, 2017-2030 (US$ Bn)
10.4. Application
10.4.1. Global Elevator and Escalator Market, By Application, 2017-2030 (US$ Bn)

11. North America Elevator and Escalator Market Analysis
11.1. North America Elevator and Escalator Market, by Product, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. North America Elevator and Escalator Market, by Business, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. North America Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. North America Elevator and Escalator Market, by Country, 2017-2030(US$ Bn)
11.4.1. North America Elevator and Escalator Market, by Country, 2022 Vs 2030 (in%)
11.4.2. U.S.
11.4.2.1. U.S. Elevator and EscalatorMarket Estimates and Forecast, 2017-2030(US$ Bn)
11.4.2.2. U.S. Elevator and Escalator, By Product, 2017-2030(US$ Bn)
11.4.2.3. U.S. Elevator and Escalator, By Business, 2017-2030(US$ Bn)
11.4.2.4. U.S. Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
11.4.3. Canada
11.4.3.1. Canada Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
11.4.3.2. Canada Elevator and Escalator, By Product, 2017-2030(US$ Bn)
11.4.3.3. Canada Elevator and Escalator, By Business, 2017-2030(US$ Bn)
11.4.3.4. Canada Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
11.4.4. Mexico
11.4.4.1. Mexico Elevator and Escalator Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.4.2. Mexico Elevator and Escalator, By Product, 2017-2030 (US$ Bn)
11.4.4.3. Mexico Elevator and Escalator, By Business, 2017-2030 (US$ Bn)
11.4.4.4. Mexico Elevator and Escalator, By Application, 2017-2030 (US$ Bn)

12. Europe Elevator and Escalator Market Analysis
12.1. Europe Elevator and Escalator Market, by Product, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Europe Elevator and Escalator Market, by Business, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Europe Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Europe Elevator and Escalator Market, by Country, 2017-2030(US$ Bn)
12.4.1. Europe Elevator and Escalator Market, by Country, 2022 Vs 2030 (in%)
12.4.2. Germany
12.4.2.1. Germany Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.2.2. Germany Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.2.3. Germany Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.2.4. Germany Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
12.4.3. France
12.4.3.1. France Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.3.2. France Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.3.3. France Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.3.4. France Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
12.4.4. UK
12.4.4.1. UK Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.4.2. UK Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.4.3. UK Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.4.4. UK Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
12.4.5. Italy
12.4.5.1. Italy Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.5.2. Italy Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.5.3. Italy Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.5.4. Italy Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
12.4.6. Spain
12.4.6.1. Spain Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.6.2. Spain Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.6.3. Spain Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.6.4. Spain Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
12.4.7. Rest of Europe
12.4.7.1. Rest of Europe Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
12.4.7.2. Rest of Europe Elevator and Escalator, By Product, 2017-2030(US$ Bn)
12.4.7.3. Rest of Europe Elevator and Escalator, By Business, 2017-2030(US$ Bn)
12.4.7.4. Rest of Europe Elevator and Escalator, By Application, 2017-2030 (US$ Bn)

13. Asia Pacific Elevator and Escalator Market Analysis
13.1. Asia Pacific Elevator and Escalator Market, by Product, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Asia Pacific Elevator and Escalator Market, by Business, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Asia Pacific Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
13.3.1. Overview
13.3.2. SRC Analysis
13.4. Asia Pacific Elevator and Escalator Market, by Country, 2017-2030(US$ Bn)
13.4.1. Asia Pacific Elevator and Escalator Market, by Country, 2022 Vs 2030 (in%)
13.4.2. China
13.4.2.1. China Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.2.2. China Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.2.3. China Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.2.4. China Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
13.4.3. Japan
13.4.3.1. Japan Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.3.2. Japan Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.3.3. Japan Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.3.4. Japan Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
13.4.4. India
13.4.4.1. India Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.4.2. India Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.4.3. India Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.4.4. India Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
13.4.5. South Korea
13.4.5.1. South Korea Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.5.2. South Korea Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.5.3. South Korea Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.5.4. South Korea Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
13.4.6. South-East Asia
13.4.6.1. South-East Asia Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.6.2. South-East Asia Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.6.3. South-East Asia Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.6.4. South-East Asia Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
13.4.7. Rest of Asia Pacific
13.4.7.1. Rest of Asia Pacific Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
13.4.7.2. Rest of Asia Pacific Elevator and Escalator, By Product, 2017-2030(US$ Bn)
13.4.7.3. Rest of Asia Pacific Elevator and Escalator, By Business, 2017-2030(US$ Bn)
13.4.7.4. Rest of Asia Pacific Elevator and Escalator, By Application, 2017-2030 (US$ Bn)

14. Latin America Elevator and Escalator Market Analysis
14.1. Latin America Elevator and Escalator Market, by Product, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Latin America Elevator and Escalator Market, by Business, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Latin America Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
14.3.1. Overview
14.3.2. SRC Analysis
14.4. Latin America Elevator and Escalator Market, by Country, 2017-2030(US$ Bn)
14.4.1. Latin America Elevator and Escalator Market, by Country, 2022 Vs 2030 (in%)
14.4.2. Brazil
14.4.2.1. Brazil Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
14.4.2.2. Brazil Elevator and Escalator, By Product, 2017-2030(US$ Bn)
14.4.2.3. Brazil Elevator and Escalator, By Business, 2017-2030(US$ Bn)
14.4.2.4. Brazil Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
14.4.3. Argentina
14.4.3.1. Argentina Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
14.4.3.2. ArgentinaElevator and Escalator, By Product, 2017-2030(US$ Bn)
14.4.3.3. ArgentinaElevator and Escalator, By Business, 2017-2030(US$ Bn)
14.4.3.4. ArgentinaElevator and Escalator, By Application, 2017-2030 (US$ Bn)
14.4.4. Rest of Latin America
14.4.4.1. Rest of Latin America Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
14.4.4.2. Rest of Latin America Elevator and Escalator, By Product, 2017-2030(US$ Bn)
14.4.4.3. Rest of Latin America Elevator and Escalator, By Business, 2017-2030(US$ Bn)
14.4.4.4. Rest of Latin America Elevator and Escalator, By Application, 2017-2030 (US$ Bn)

15. Middle East and Africa Elevator and Escalator Market Analysis
15.1. Middle East and Africa Elevator and Escalator Market, by Product, 2017-2030(US$ Bn)
15.1.1. Overview
15.1.2. SRC Analysis
15.2. Middle East and Africa Elevator and Escalator Market, by Business, 2017-2030(US$ Bn)
15.2.1. Overview
15.2.2. SRC Analysis
15.3. Middle East and Africa Elevator and Escalator Market, by Application, 2017-2030(US$ Bn)
15.3.1. Overview
15.3.2. SRC Analysis
15.4. Middle East and Africa Elevator and Escalator Market, by Country, 2017-2030(US$ Bn)
15.4.1. Middle East and Africa Elevator and Escalator Market, by Country, 2022 Vs 2030 (in%)
15.4.2. GCC Countries
15.4.2.1. GCC Countries Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
15.4.2.2. GCC Countries Elevator and Escalator, By Product, 2017-2030(US$ Bn)
15.4.2.3. GCC Countries Elevator and Escalator, By Business, 2017-2030(US$ Bn)
15.4.2.4. GCC Countries Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
15.4.3. South Africa
15.4.3.1. South Africa Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
15.4.3.2. South Africa Elevator and Escalator, By Product, 2017-2030(US$ Bn)
15.4.3.3. South Africa Elevator and Escalator, By Business, 2017-2030(US$ Bn)
15.4.3.4. South Africa Elevator and Escalator, By Application, 2017-2030 (US$ Bn)
15.4.4. Rest of Middle East and Africa
15.4.4.1. Rest of Middle East and Africa Elevator and Escalator Market Estimates and Forecast, 2017-2030(US$ Bn)
15.4.4.2. Rest of Middle East and Africa Elevator and Escalator, By Product, 2017-2030(US$ Bn)
15.4.4.3. Rest of Middle East and Africa Elevator and Escalator, By Business, 2017-2030(US$ Bn)
15.4.4.4. Rest of Middle East and Africa Elevator and Escalator, By Application, 2017-2030 (US$ Bn)

16. Company Profiles
16.1. thyssenkrupp AG (Cinven, Advent and RAG Foundation) (Germany)
16.1.1. Company Overview
16.1.2. Products/Services Portfolio
16.1.3. Geographical Presence
16.1.4. Financial Summary
16.1.4.1. Market Revenue and Net Profit (2019-2022)
16.1.4.2. Business Segment Revenue Analysis
16.1.4.3. Geographical Revenue Analysis
16.2. United Technologies (U.S.)
16.3. Schindler (Switzerland)
16.4. KONE CORPORATION (Finland)
16.5. Hitachi, Ltd. (Japan)
16.6. HYUNDAIELEVATOR CO., LTD. (South Korea)
16.7. Mitsubishi Electric Corporation (Japan)
16.8. Johnson Elevator Co., Ltd. (China)
16.9. FUJITEC CO., LTD (Japan)
16.10. Toshiba Corporation (Japan)

List of Figures
FIG. 1 Global Elevator and Escalator Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Elevator and Escalator Market Segmentation
FIG. 4 Global Elevator and Escalator Market, by Product, 2022(US$ Bn)
FIG. 5 Global Elevator and Escalator Market, by Business, 2022(US$ Bn)
FIG. 6 Global Elevator and Escalator Market, by Application, 2022 (US$ Bn)
FIG. 7 Global Elevator and Escalator Market, by Geography, 2022(US$ Bn)
FIG. 8 Attractive Investment Proposition, by Product, 2022
FIG. 9 Attractive Investment Proposition, by Business, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Elevator and Escalator Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Elevator and Escalator Market Manufacturers, 2022
FIG. 14 Global Elevator and Escalator Market Value Contribution, By Product, 2022&2030 (Value %)
FIG. 15 Global Elevator and EscalatorMarket, by Elevators, Value, 2017-2030(US$ Bn)
FIG. 16 Global Elevator and EscalatorMarket, by Escalators, Value, 2017-2030(US$ Bn)
FIG. 17 Global Elevator and Escalator Market, by Moving Walkway, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Elevator and Escalator Market Value Contribution, By Business, 2022&2030 (Value %)
FIG. 19 Global Elevator and EscalatorMarket, by New Equipment, Value, 2017-2030(US$ Bn)
FIG. 20 Global Elevator and EscalatorMarket, by Maintenance, 2017-2030(US$ Bn)
FIG. 21 Global Elevator and Escalator Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 22 Global Elevator and Escalator Market, by Residential, Value, 2017-2030 (US$ Bn)
FIG. 23 Global Elevator and Escalator Market, by Commercial, 2017-2030 (US$ Bn)
FIG. 24 North America Elevator and Escalator Market, 2017-2030 (US$ Bn)
FIG. 25 U.S. Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 26 Canada Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 27 Europe Elevator and Escalator Market, 2017-2030 (US$ Bn)
FIG. 28 Germany Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 29 France Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 30 U.K. Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 31 Italy Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 32 Spain Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 33 Rest of Europe Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 34 Asia Pacific Elevator and Escalator Market, 2017-2030 (US$ Bn)
FIG. 35 China Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 36 Japan Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 37 India Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 38 South Korea Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 39 South-East Asia Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 40 Rest of Asia Pacific Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 41 Latin America Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 42 Brazil Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 43 Mexico Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 44 Rest of Latin America Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 45 Middle East & Africa Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 46 GCC Countries Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 47 South Africa Elevator and Escalator Market, 2017-2030(US$ Bn)
FIG. 48 Rest of Middle East and Africa Elevator and Escalator Market, 2017-2030(US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Elevator and EscalatorMarket
TABLE 2 Global Elevator and Escalator Market: Market Drivers Impact Analysis
TABLE 3 Global Elevator and Escalator Market: Market Restraints Impact Analysis
TABLE 4 Global Elevator and Escalator Market, by Competitive Benchmarking,2022
TABLE 5 Global Elevator and Escalator Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Elevator and Escalator Market, by Key Strategies Analysis, 2022
TABLE 7 Global Elevator and Escalator Market, by Elevators, By Region, 2017-2022(US$ Bn)
TABLE 8 Global Elevator and Escalator Market, by Elevators, By Region, 2023-2030(US$ Bn)
TABLE 9 Global Elevator and Escalator Market, by Escalators, By Region, 2017-2022(US$ Bn)
TABLE 10 Global Elevator and Escalator Market, by Escalators, By Region, 2023-2030(US$ Bn)
TABLE 11 Global Elevator and Escalator Market, by Moving Walkway, By Region, 2017-2022(US$ Bn)
TABLE 12 Global Elevator and Escalator Market, by Moving Walkway, By Region, 2023-2030(US$ Bn)
TABLE 13 Global Elevator and Escalator Market, by New Equipment, By Region, 2017-2022(US$ Bn)
TABLE 14 Global Elevator and Escalator Market, by New Equipment, By Region, 2023-2030(US$ Bn)
TABLE 15 Global Elevator and Escalator Market, by Maintenance, By Region, 2017-2022(US$ Bn)
TABLE 16 Global Elevator and Escalator Market, by Maintenance, By Region, 2023-2030(US$ Bn)
TABLE 17 Global Elevator and Escalator Market, by Modernization, By Region, 2017-2022(US$ Bn)
TABLE 18 Global Elevator and Escalator Market, by Modernization, By Region, 2023-2030(US$ Bn)
TABLE 19 Global Elevator and Escalator Market, by Residential, By Region, 2017-2022(US$ Bn)
TABLE 20 Global Elevator and Escalator Market, by Residential, By Region, 2023-2030(US$ Bn)
TABLE 21 Global Elevator and Escalator Market, by Commercials, By Region, 2017-2022(US$ Bn)
TABLE 22 Global Elevator and Escalator Market, by Commercials, By Region, 2023-2030(US$ Bn)
TABLE 23 Global Elevator and Escalator Market, by Industrial, By Region, 2017-2022(US$ Bn)
TABLE 24 Global Elevator and Escalator Market, by Industrial, By Region, 2023-2030(US$ Bn)
TABLE 25 Global Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 26 Global Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 27 Global Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 28 Global Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 29 Global Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 30 Global Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 31 Global Elevator and Escalator Market, by Region, 2017-2022(US$ Bn)
TABLE 32 Global Elevator and Escalator Market, by Region, 2023-2030(US$ Bn)
TABLE 33 North America Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 34 North America Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 35 North America Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 36 North America Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 37 North America Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 38 North America Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 39 North America Elevator and Escalator Market, by Country, 2017-2022(US$ Bn)
TABLE 40 North America Elevator and Escalator Market, by Country, 2023-2030(US$ Bn)
TABLE 41 United States Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 42 United States Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 43 United States Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 44 United States Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 45 United States Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 46 United States Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 47 Canada Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 48 Canada Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 49 Canada Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 50 Canada Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 51 Canada Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 52 Canada Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 53 Mexico Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 54 Mexico Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 55 Mexico Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 56 Mexico Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 57 Mexico Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 58 Mexico Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 59 Europe Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 60 Europe Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 61 Europe Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 62 Europe Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 63 Europe Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 64 Europe Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 65 Europe Elevator and Escalator Market, by Country, 2017-2022(US$ Bn)
TABLE 66 Europe Elevator and Escalator Market, by Country, 2023-2030(US$ Bn)
TABLE 67 Germany Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 68 Germany Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 69 Germany Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 70 Germany Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 71 Germany Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 72 Germany Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 73 France Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 74 France Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 75 France Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 76 France Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 77 France Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 78 France Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 79 United Kingdom Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 80 United Kingdom Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 81 United Kingdom Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 82 United Kingdom Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 83 United Kingdom Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 84 United Kingdom Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 85 Italy Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 86 Italy Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 87 Italy Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 88 Italy Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 89 Italy Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 90 Italy Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 91 Spain Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 92 Spain Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 93 Spain Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 94 Spain Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 95 Spain Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 96 Spain Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 97 Rest of Europe Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 98 Rest of Europe Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 99 Rest of Europe Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 100 Rest of Europe Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 101 Rest of Europe Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 102 Rest of Europe Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 103 Asia Pacific Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 104 Asia Pacific Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 105 Asia Pacific Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 106 Asia Pacific Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 107 Asia Pacific Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 108 Asia Pacific Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 109 China Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 110 China Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 111 China Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 112 China Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 113 China Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 114 China Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 115 Japan Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 116 Japan Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 117 Japan Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 118 Japan Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 119 Japan Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 120 Japan Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 121 India Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 122 India Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 123 India Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 124 India Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 125 India Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 126 India Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 127 South Korea Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 128 South Korea Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 129 South Korea Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 130 South Korea Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 131 South Korea Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 132 South Korea Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 133 South-East Asia Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 134 South-East Asia Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 135 South-East Asia Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 136 South-East Asia Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 137 South-East Asia Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 138 South-East Asia Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 139 Rest of Asia Pacific Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 140 Rest of Asia Pacific Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 141 Rest of Asia Pacific Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 142 Rest of Asia Pacific Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 143 Rest of Asia Pacific Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 144 Rest of Asia Pacific Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 145 Latin America Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 146 Latin America Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 147 Latin America Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 148 Latin America Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 149 Latin America Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 150 Latin America Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 151 Brazil Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 152 Brazil Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 153 Brazil Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 154 Brazil Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 155 Brazil Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 156 Brazil Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 157 Argentina Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 158 Argentina Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 159 Argentina Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 160 Argentina Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 161 Argentina Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 162 Argentina Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 163 Rest of Latin America Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 164 Rest of Latin America Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 165 Rest of Latin America Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 166 Rest of Latin America Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 167 Rest of Latin America Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 168 Rest of Latin America Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 169 Middle East and Africa Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 170 Middle East and Africa Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 171 Middle East and Africa Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 172 Middle East and Africa Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 173 Middle East and Africa Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 174 Middle East and Africa Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 175 GCC Countries Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 176 GCC Countries Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 177 GCC Countries Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 178 GCC Countries Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 179 GCC Countries Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 180 GCC Countries Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 181 South Africa Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 182 South Africa Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 183 South Africa Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 184 South Africa Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 185 South Africa Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 186 South Africa Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)
TABLE 187 Rest of Middle East and Africa Elevator and Escalator Market, by Product, 2017-2022(US$ Bn)
TABLE 188 Rest of Middle East and Africa Elevator and Escalator Market, by Product, 2023-2030(US$ Bn)
TABLE 189 Rest of Middle East and Africa Elevator and Escalator Market, by Business, 2017-2022(US$ Bn)
TABLE 190 Rest of Middle East and Africa Elevator and Escalator Market, by Business, 2023-2030(US$ Bn)
TABLE 191 Rest of Middle East and Africa Elevator and Escalator Market, by Application, 2017-2022(US$ Bn)
TABLE 192 Rest of Middle East and Africa Elevator and Escalator Market, by Application, 2023-2030(US$ Bn)

Frequently Asked Questions

What is the current worldwide elevator and escalator market size?

In 2022, the worldwide elevator and escalator market was estimated to be worth USD 81.9 billion.

What is the predicted growth rate of the elevator and escalator market between 2023 and 2030?

The elevator and escalator industry is estimated to develop at a 6.90% CAGR between 2023 and 2030, reaching USD 130.6 billion in 2030.

Which segment is leading the market share in terms of product?

In 2022, elevators led the market, accounting for more than 42.00% of global revenue.

Which business segment governs the demand for elevator and escalators in the world?

In 2022, maintenance will be the most popular business segment in the market.

Which segment is expected to post the highest CAGR during the forecast period?

The commercial segment is expected to post the highest CAGR during the forecast period

Which region is fueling the growth of the elevator and escalator industry?

The Asia-Pacific region controls more than 45% of the elevator and escalator business.

Who are the major players in the global elevator and escalator market?

The top players include thyssenkrupp AG (Cinven, Advent and RAG Foundation), United Technologies, Schindler. Other major players include Mitsubishi Electric Corporation, Johnson Elevator Co., Ltd., FUJITEC CO., LTD.

What are the major market drivers of the elevator and escalator industry?

Growing Infrastructure Investment and the Number of High-Speed Metro Projects are the major market drivers.

What are the major market restraints of the elevator and escalator industry?

The biggest market restrictions are increased elevator and escalator casualties and high costs.

What are the elevator and escalator industry’s primary market opportunities?

Green building requirements, energy-saving goods, and Intelligent Elevators are all becoming popular in the elevator and escalator industry.

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