Report overview
An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This report aims to provide a comprehensive presentation of the global market for Elevator, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator. This report contains market size and forecasts of Elevator in global, including the following market information:
Global Elevator Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Elevator Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Elevator companies in 2022 (%)
The global Elevator market was valued at US$ 40660 million in 2022 and is projected to reach US$ 44930 million by 2029, at a CAGR of 1.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global elevator market include Otis, Schindler, ThyssenKrupp, etc. The top 3 players occupy about 45% shares of the global market. China and Europe are main markets, they occupy about 80% of the global market. Elevator is the main type, with a share about 80%. Residential area is the main application, which holds a share about 60%.
We surveyed the Elevator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Elevator Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Type, 2022 (%)
Elevator
Escalator
Moving Walkway
Global Elevator Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Application, 2022 (%)
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Global Elevator Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Elevator revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Elevator revenues share in global market, 2022 (%)
Key companies Elevator sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Elevator sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Otis
Kone
Schindler
Mitsubishi Electric
TK Elevator
Hitachi
Toshiba
Hyundai
Hangzhou XiOlift
Fujitec
Yungtay Engineering
Canny Elevator
Volkslift
Guangri Elevator
SJEC
Edunburgh Elevator
IFE Elevators
Meilun Elevator
Suzhou Diao
CNYD
Syney Electric
Dongnan Elevator
Outline of Major Chapters:
Chapter 1: Introduces the definition of Elevator, market overview.
Chapter 2: Global Elevator market size in revenue and volume.
Chapter 3: Detailed analysis of Elevator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Elevator in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Elevator capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
