Product Code: 2834
Title:
Elevator
Market Size By Product (Hydraulic & Pneumatic, Machine Room [MR] Traction, Machine Room-Less [MRL] Traction), By End-user (Building & Construction [Residential, Institutional, Commercial], Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027.
The global elevator market is set to witness immense growth in coming years owing to increasing demand for high rise buildings, rising demand for office spaces and lodging facilities across the developing nations, and high product usage across other application avenues such as institutional and residential sectors. Elevator or lifts are a form of vertical transport used largely to traverse different floors on buildings such as skyscrapers and high-rises.
These are used to transport goods as well as people from one floor to another floor. These are also seen in large ships having various decks. Nowadays, elevators have become extremely essential to high rises as well as other large buildings in order to make it quite easy for people with mobility issues to move through different floors of the building.
A majority of today's elevator cars also have added technological features installed in them. For example, some might have phones that let the resident to call for any sort of help during an emergency. While other elevators are fitted with a trap door situated at the ceiling, making escape possible during emergency situations.
The global elevator market is bifurcated in terms of product, end-user, and regional landscape.
With respect to product, the global elevator market is classified into MRL traction, MR traction, hydraulic & pneumatic, and others. The others segment will hold limited share of overall industry revenue over the forecast timeframe. Other elevators including, dumbwaiter, climbing, inclined among others are mostly found in tourist places, hotels, construction sites, and malls. Overall economic development in the Asian countries will drive the other product segment's market growth.
Dumbwaiters are essentially smaller elevators that are specifically used to carry out various useful transportation functions that do not involve moving people. For example, in restaurants, a dumbwaiter can be used to move dishes as well as meals in-between floors.
Climbing type elevators are mostly used in guyed masts or towers in order to enable the easy access for the maintenance of different constructed structure parts.
In terms of application, the overall elevator market is segmented into industrial and building & construction. The building & construction segment is further categorized into commercial, institutional, and residential. Among these, the commercial segment will record an impressive CAGR of more than 2.6% over the analysis timeframe. Escalating demand for office spaces and lodging facilities in the developing nations will drive the segment's growth. In comparison to residential elevators, commercial elevators are specifically designed to fit a greater number of people.
From a regional frame of reference, elevator market in Middle East & Africa will be growing at a rate of around 2.4% over the projected time period. Increasing demand for high rise buildings in this region would drive the demand for elevators.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimation & forecast parameter
- 1.3 Forecast calculations
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
Chapter 2 Executive Summary
- 2.1 Elevator industry 360 degree synopsis, 2017 - 2027
- 2.1.1 Business trends
- 2.1.2 Product by end-user trends
- 2.1.3 Industry trends
- 2.1.4 Regional trends
Chapter 3 Elevator Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2017 - 2027
- 3.3 Industry ecosystem analysis
- 3.3.1 Profit margin analysis
- 3.3.2 Value addition at each stage
- 3.3.3 Distribution channel analysis
- 3.3.4 Vendor matrix
- 3.3.4.1 List of key raw material suppliers
- 3.3.4.2 List of key manufacturers/suppliers
- 3.3.4.3 List of key/potential customers
- 3.3.4.4 List of key service providers
- 3.4 Raw material analysis
- 3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology landscape
- 3.5.3 Production process
- 3.5.4 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Development in the Asia Pacific building & construction industry
- 3.6.1.2 Elevator maintenance and service market growth in Europe and North America
- 3.6.1.3 Booming construction activities in the Middle East
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High installation and maintenance costs
- 3.7 Regulatory landscape
- 3.7.1 China
- 3.7.2 Europe
- 3.7.3 U.S.
- 3.8 Growth potential analysis
- 3.9 Competitive landscape
- 3.9.1 Company market share, 2020
- 3.9.2 Brand analysis
- 3.9.3 Key stakeholders
- 3.9.4 Strategic dashboard
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 Regional price trends
- 3.11.1 Cost structure analysis
- 3.11.1.1.. R&D cost
- 3.11.1.2.. Manufacturing cost
- 3.11.1.3.. Raw metal & equipment cost
- 3.11.1.4.. Distribution cost
- 3.11.1.5.. Operating cost
- 3.11.1.6.. Miscellaneous cost
- 3.11.2 Price by product
- 3.11.3 Price by end-user
- 3.12 PESTEL analysis
- 3.13 COVID-19 impact on the global elevator industry
Chapter 4 Elevator Market, Product By End-user
- 4.1 Elevator market product by end-user insights
- 4.2 Hydraulic & pneumatic
- 4.2.1 Market estimates & forecast, 2017 - 2027
- 4.2.2 Market estimates & forecast by end-user, 2017 - 2027
- 4.2.3 Market estimates & forecast by region, 2017 - 2027
- 4.3 Machine room (MR) traction
- 4.3.1 Market estimates & forecast, 2017 - 2027
- 4.3.2 Market estimates & forecast by end-user, 2017 - 2027
- 4.3.3 Market estimates & forecast by region, 2017 - 2027
- 4.4 Machine room-less (MRL) traction
- 4.4.1 Market estimates & forecast, 2017 - 2027
- 4.4.2 Market estimates & forecast by end-user, 2017 - 2027
- 4.4.3 Market estimates & forecast by region, 2017 - 2027
- 4.5 Others
- 4.5.1 Market estimates & forecast, 2017 - 2027
- 4.5.2 Market estimates & forecast by end-user, 2017 - 2027
- 4.5.3 Market estimates & forecast by region, 2017 - 2027
Chapter 5 Elevator Market, By End-user
- 5.1 Elevator market by end-user insights
- 5.2 Building & construction
- 5.2.1 Market estimates & forecast, 2017 - 2027
- 5.2.2 Market estimates & forecast by region, 2017 - 2027
- 5.2.3 Residential
- 5.2.3.1 Market estimates & forecast, 2017 - 2027
- 5.2.3.2 Market estimates & forecast by region, 2017 - 2027
- 5.2.4 Institutional
- 5.2.4.1 Market estimates & forecast, 2017 - 2027
- 5.2.4.2 Market estimates & forecast by region, 2017 - 2027
- 5.2.5 Commercial
- 5.2.5.1 Market estimates & forecast, 2017 - 2027
- 5.2.5.2 Market estimates & forecast by region, 2017 - 2027
- 5.3 Industrial
- 5.3.1 Market estimates & forecast, 2017 - 2027
- 5.3.2 Market estimates & forecast by region, 2017 - 2027
Chapter 6 Elevator Market, By Region
- 6.1 Elevator market regional insights
- 6.2 North America
- 6.2.1 Market estimates & forecast, 2017 - 2027
- 6.2.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.2.4 U.S.
- 6.2.4.1 Market estimates & forecast, 2017 - 2027
- 6.2.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.2.5 Canada
- 6.2.5.1 Market estimates & forecast, 2017 - 2027
- 6.2.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3 Europe
- 6.3.1 Market estimates & forecast, 2017 - 2027
- 6.3.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.4 Germany
- 6.3.4.1 Market estimates & forecast, 2017 - 2027
- 6.3.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.5 UK
- 6.3.5.1 Market estimates & forecast, 2017 - 2027
- 6.3.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.6 France
- 6.3.6.1 Market estimates & forecast, 2017 - 2027
- 6.3.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.7 Spain
- 6.3.7.1 Market estimates & forecast, 2017 - 2027
- 6.3.7.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.7.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.8 Italy
- 6.3.8.1 Market estimates & forecast, 2017 - 2027
- 6.3.8.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.8.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.9 Russia
- 6.3.9.1 Market estimates & forecast, 2017 - 2027
- 6.3.9.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.9.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4 Asia Pacific
- 6.4.1 Market estimates & forecast, 2017 - 2027
- 6.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.4 China
- 6.4.4.1 Market estimates & forecast, 2017 - 2027
- 6.4.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.5 India
- 6.4.5.1 Market estimates & forecast, 2017 - 2027
- 6.4.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.6 Japan
- 6.4.6.1 Market estimates & forecast, 2017 - 2027
- 6.4.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.7 Australia
- 6.4.7.1 Market estimates & forecast, 2017 - 2027
- 6.4.7.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.7.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.8 Indonesia
- 6.4.8.1 Market estimates & forecast, 2017 - 2027
- 6.4.8.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.8.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.9 Malaysia
- 6.4.9.1 Market estimates & forecast, 2017 - 2027
- 6.4.9.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.9.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.10 South Korea
- 6.4.10.1.. Market estimates & forecast, 2017 - 2027
- 6.4.10.2.. Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.10.3.. Market estimates & forecast, by end-user, 2017 - 2027
- 6.5 LATAM
- 6.5.1 Market estimates & forecast, 2017 - 2027
- 6.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.5.4 Brazil
- 6.5.4.1 Market estimates & forecast, 2017 - 2027
- 6.5.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.5.5 Mexico
- 6.5.5.1 Market estimates & forecast, 2017 - 2027
- 6.5.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6 Middle East & Africa
- 6.6.1 Market estimates & forecast, 2017 - 2027
- 6.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.4 South Africa
- 6.6.4.1 Market estimates & forecast, 2017 - 2027
- 6.6.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.5 Saudi Arabia
- 6.6.5.1 Market estimates & forecast, 2017 - 2027
- 6.6.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.6 UAE
- 6.6.6.1 Market estimates & forecast, 2017 - 2027
- 6.6.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.7 Kuwait
- 6.6.7.1 Market estimates & forecast, 2017 - 2027
- 6.6.7.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.7.3 Market estimates & forecast, by end-user, 2017 - 2027
Chapter 7 Company Profiles
- 7.1 Fujitec Co., Ltd.
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 Strategic outlook
- 7.1.5 SWOT analysis
- 7.2 KONE Corporation
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 Strategic outlook
- 7.2.5 SWOT analysis
- 7.3 Mitsubishi Electric Corporation
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 Strategic outlook
- 7.3.5 SWOT analysis
- 7.4 Otis Elevator Company (United Technologies Corporation)
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Strategic outlook
- 7.4.5 SWOT analysis
- 7.5 Schindler
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 Strategic outlook
- 7.5.5 SWOT analysis
- 7.6 thyssenkrupp Elevator Technology (thyssenkrupp AG)
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 Strategic outlook
- 7.6.5 SWOT analysis
- 7.7 Hitachi, Ltd.
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 Strategic outlook
- 7.7.5 SWOT analysis
- 7.8 Express Lifts Limited
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 SWOT analysis
- 7.9 Escon Elevators Private Limited
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 SWOT analysis
- 7.10 Toshiba Elevator and Building Systems Corporation
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 Strategic outlook
- 7.10.5 SWOT analysis
- 7.11 Glarie Elevator Co., Ltd.
- 7.11.1 Business overview
- 7.11.2 Financial data
- 7.11.3 Product landscape
- 7.11.4 SWOT analysis
- 7.12 Hyundai Elevator Co., Ltd.
- 7.12.1 Business overview
- 7.12.2 Financial data
- 7.12.3 Product landscape
- 7.12.4 Strategic outlook
- 7.12.5 SWOT analysis
- 7.13 Shenyang Yuanda Intellectual Industry Group Co., Ltd.
- 7.13.1 Business overview
- 7.13.2 Financial data
- 7.13.3 Product landscape
- 7.13.4 Strategic outlook
- 7.13.5 SWOT analysis
- 7.14 Eita Elevator (Malaysia) Sdn Bhd (Eita Resources Berhad)
- 7.14.1 Business overview
- 7.14.2 Financial data
- 7.14.3 Product landscape
- 7.14.4 SWOT analysis
- 7.15 Orona S.C.
- 7.15.1 Business overview
- 7.15.2 Financial data
- 7.15.3 Product landscape
- 7.15.4 SWOT analysis