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1422988

エレベーターおよびエスカレーター市場レポート：タイプ、サービス、最終用途、地域別、2024年～2032年

Elevator and Escalator Market Report by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance and Repair, Modernization), End Use (Residential, Commercial), and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 142 Pages | 納期: 2～3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.76円
エレベーターおよびエスカレーター市場レポート：タイプ、サービス、最終用途、地域別、2024年～2032年
出版日: 2024年01月30日
発行: IMARC
ページ情報: 英文 142 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のエレベーターおよびエスカレーター市場規模は、2023年に1,540億米ドルに達しました。今後、IMARC Groupは、2032年には2,397億米ドルに達し、2024～2032年の成長率（CAGR）は4.89%になると予測しています。建設活動の増加、新興国を中心としたインフラ開拓への投資の増加、エネルギー効率と持続可能性の重視の高まり、エレベーターおよびエスカレーターへのスマート技術の導入、高齢者人口の増加などが、市場を促進している要因の一部です。

エレベーターおよびエスカレーターは、ビルやその他の大型構造物における垂直・水平移動を中心としたさまざまな製品とサービスを包含します。エレベーターは、フロア間で人や物を移動させる電動リフトであり、エスカレーターは、主に商業環境で使用される動く階段です。どちらも、安全性、効率性、利便性を確保するために、複雑な電気的・機械的システムで設計されています。エレベーターは一般的に、カウンターウェイトシステムと電気モーターで作動し、エスカレーターは定速モーターで循環する階段のチェーンを動かします。これらのシステムは近代建築に不可欠であり、住宅、商業、工業スペースにおけるアクセシビリティと機能性の確保に不可欠です。

世界市場の主な原動力となっているのは、加速する都市化率と世界の都市における高層ビルの急増です。これは、ショッピングモール、空港、鉄道駅の数が増加しているためで、多くの人が訪れるため、堅牢な垂直・水平輸送システムが必要となります。このほか、特に新興国ではインフラ整備への投資が拡大しており、市場に新たな機会をもたらしています。さらに、エレベーターやエスカレーターを建物の美観に融合させる革新的な設計コンセプトが、消費者の関心を集めています。さらに、タッチレス制御パネル、顔認識、リアルタイム診断など、エレベーターやエスカレーターへのスマート技術の適応も、市場の勢いに大きく寄与しています。これとは別に、安全規制やコンプライアンス要件が増加しており、古いシステムのアップグレードや交換が義務付けられていることも、市場の見通しを明るいものにしています。その他の市場拡大要因としては、可処分所得水準の上昇、集中的な製品開拓活動、公共・民間建築物におけるアクセシビリティ・ニーズの高まりなどが挙げられます。

エレベーターおよびエスカレーターの市場動向と促進要因：

建設活動の増加

エレベーターおよびエスカレーター市場を推進する上で、インフラ開拓が果たす役割は計り知れないです。都市が垂直方向に成長し続けるにつれ、効率的な垂直輸送システムの必要性がますます顕著になっています。これは特に、政府部門と民間部門の両方によって建設活動がピークに達している新興経済諸国において顕著です。空港、鉄道駅、ショッピングモール、さらには教育機関などのインフラ・プロジェクトでは、多くの人の往来に対応し、人々の安全を確保するために、最先端の垂直・水平輸送システムが必要とされます。さらに、新しい集合住宅は、高速で安全かつ効率的なエレベーターなど、最高の快適性と利便性を提供することを目指しています。こうした大規模な建設プロジェクトは、都市空間の成長を反映しているだけでなく、こうした交通システムを単なる贅沢品ではなく、現代生活に欠かせないものと考えるようになった消費者の期待が成熟していることを意味しています。

エネルギー効率と持続可能性の重視の高まり

エネルギー効率が高く持続可能なエレベーターやエスカレーターの開発が重視されるようになり、市場成長の大きな原動力となっています。企業は現在、エネルギーをビルグリッドに戻す回生ドライブ、消費電力の少ないLED照明、システムが稼働していないときに電力使用量を大幅に削減するスタンバイモードなどのスマート技術を取り入れています。こうした技術革新は、運用経費を削減することで費用対効果の高いソリューションを提供するだけでなく、環境意識の高まる消費者層にもアピールします。グリーン・テクノロジーへの移行は国際的な持続可能性目標に沿うものであるため、メーカーと消費者の双方にこの方向へ進むインセンティブを与えています。その結果、持続可能性への注目は、市場の軌道を舵取りする有力な要因であり続けると予想されます。

より高いアクセシビリティを必要とする老人人口の増加

世界の人口動態は、老年人口の着実な増加という変化を経験しています。その中で、公共空間やプライベート空間でのアクセシビリティを促進するエレベーターおよびエスカレーターの役割は、さらに極めて重要になっています。高齢者は、移動能力の低下や安全機能に対するニーズの高まりなど、独特の課題を抱えています。そのため、使いやすいインターフェイス、緊急通報ボタン、乗り降りを容易にする低速化などの機能を備えたエレベーターやエスカレーターに対する特定の市場需要が生じています。高齢者人口の多い多くの国では、すでにこれらを標準機能として導入し始めています。このような包括性の重視は、社会的な観点からだけでなく、企業が提供する製品を革新し、カスタマイズするための有力な市場機会を提供する上でも極めて重要です。したがって、高齢者人口は、アクセシブル・システムに対する直接的な需要を高めるだけでなく、この分野の技術革新を促進する重要な要因でもあります。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界のエレベーターおよびエスカレーター市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：タイプ別

  • エレベーター
    • 市場動向
    • 市場予測
  • エスカレーター
    • 市場動向
    • 市場予測
  • 動く歩道（ムービングウォーク）
    • 市場動向
    • 市場予測

第7章 市場内訳：サービス別

  • 新設
    • 市場動向
    • 市場予測
  • 保守・修理
    • 市場動向
    • 市場予測
  • 近代化
    • 市場動向
    • 市場予測

第8章 市場内訳：最終用途別

  • 住宅
    • 市場動向
    • 市場予測
  • 商業
    • 市場動向
    • 主要セグメント
      • オフィス
      • ホスピタリティ
      • ミックスブロック
      • その他
    • 市場予測

第9章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Canny Elevator Co. Ltd.
    • Electra Elevators
    • Fujitec Co. Ltd.
    • Gulf Elevators & Escalators Co. Ltd.
    • Hitachi Ltd.
    • Hyundai Elevator Co. Ltd.
    • Johnson Lifts Private Limited
    • Kleemann Group
    • KONE Corporation
    • Mitsubishi Electric Corporation
    • Otis Elevator Company（I）. Ltd（Otis Worldwide Corporation）
    • Schindler Holding Ltd.
    • Sigma Elevator Company
    • Toshiba Elevator and Building Systems Corporation（Toshiba Corporation）
図表

List of Figures

  • Figure 1: Global: Elevator and Escalator Market: Major Drivers and Challenges
  • Figure 2: Global: Elevator and Escalator Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Elevator and Escalator Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Elevator and Escalator Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Elevator and Escalator Market: Breakup by Service (in %), 2023
  • Figure 6: Global: Elevator and Escalator Market: Breakup by End Use (in %), 2023
  • Figure 7: Global: Elevator and Escalator Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Elevator and Escalator (Elevators) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Elevator and Escalator (Elevators) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Elevator and Escalator (Escalators) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Elevator and Escalator (Escalators) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Elevator and Escalator (Moving Walkways) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Elevator and Escalator (Moving Walkways) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Elevator and Escalator (New Installation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Elevator and Escalator (New Installation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Elevator and Escalator (Maintenance and Repair) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Elevator and Escalator (Maintenance and Repair) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Elevator and Escalator (Modernization) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Elevator and Escalator (Modernization) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Elevator and Escalator (Residential) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Elevator and Escalator (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Elevator and Escalator (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Elevator and Escalator (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: North America: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: North America: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: United States: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: United States: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Canada: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Canada: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Asia-Pacific: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Asia-Pacific: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: China: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: China: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Japan: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Japan: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: India: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: India: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: South Korea: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: South Korea: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Australia: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Australia: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Indonesia: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Indonesia: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Others: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Others: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Europe: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Europe: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Germany: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Germany: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: France: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: France: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: United Kingdom: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: United Kingdom: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Italy: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Italy: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Spain: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Spain: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Russia: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Russia: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Others: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Others: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Latin America: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Latin America: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Brazil: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Brazil: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Mexico: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Mexico: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Others: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Others: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Middle East and Africa: Elevator and Escalator Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Middle East and Africa: Elevator and Escalator Market: Breakup by Country (in %), 2023
  • Figure 72: Middle East and Africa: Elevator and Escalator Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Global: Elevator and Escalator Industry: SWOT Analysis
  • Figure 74: Global: Elevator and Escalator Industry: Value Chain Analysis
  • Figure 75: Global: Elevator and Escalator Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Elevator and Escalator Market: Key Industry Highlights, 2023 & 2032
  • Table 2: Global: Elevator and Escalator Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Elevator and Escalator Market Forecast: Breakup by Service (in Million US$), 2024-2032
  • Table 4: Global: Elevator and Escalator Market Forecast: Breakup by End Use (in Million US$), 2024-2032
  • Table 5: Global: Elevator and Escalator Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Elevator and Escalator Market: Competitive Structure
  • Table 7: Global: Elevator and Escalator Market: Key Players
目次
Product Code: SR112024A6616

Abstract

The global elevator and escalator market size reached US$ 154.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 239.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2024-2032. The rise in construction activities, growing investment in infrastructure development, particularly in developing countries, the increasing emphasis on energy-efficiency and sustainability, the adaptation of smart technology into elevators and escalators, and the growing geriatric population represent some of the factors that are propelling the market.

Elevator and escalator encompass a range of products and services centered on vertical and horizontal transportation in buildings and other large structures. Elevators are electric lifts that move people and goods between floors, while escalators are moving staircases used primarily in commercial settings. Both are engineered with intricate electrical and mechanical systems to ensure safety, efficiency, and convenience. Elevators generally operate on counterweight systems and electric motors, while escalators use a constant-speed motor to move a circulating chain of steps. These systems are integral to modern architecture and are vital in ensuring accessibility and functionality in residential, commercial, and industrial spaces.

The global market is primarily driven by accelerating urbanization rates and the proliferation of high-rise buildings in cities worldwide. This can be attributed to the growing number of shopping malls, airports, and railway stations where high footfall necessitates robust vertical and horizontal transport systems. Besides this, growing investment in infrastructure development, particularly in developing countries is offering new opportunities in the market. Additionally, innovative design concepts that integrate elevators and escalators into a building's aesthetic are attracting consumer interest. Furthermore, the adaptation of smart technology into elevators and escalators, such as touchless control panels, facial recognition, and real-time diagnostics, is also contributing significantly to market momentum. Apart from this, safety regulations and compliance requirements are increasing, mandating upgrades and replacements of older systems, which is creating a positive market outlook. Some of the other factors contributing to the market include inflating disposable income levels, intensive product development activities, and escalating need for accessibility in public and private buildings.

Elevator and Escalator Market Trends/Drivers:

Rise in construction activities

The crucial role of infrastructure development in propelling the elevator and escalator market cannot be overstated. As cities continue to grow vertically, the essential need for efficient vertical transport systems becomes increasingly pronounced. This is particularly evident in fast-developing economies where construction activities are at a peak, driven by both the government and private sectors. Infrastructure projects like airports, railway stations, shopping malls, and even educational institutions require state-of-the-art vertical and horizontal transportation systems to accommodate the heavy footfall and ensure the safety of people. Additionally, new residential complexes aim to provide the best in comfort and convenience, which includes high-speed, secure, and efficient elevators. These extensive construction projects not only reflect the growth of urban spaces but also signify the maturing expectations of the consumers, who now consider such transport systems to be not mere luxuries but essential facets of modern living.

Increasing emphasis on energy-efficiency and sustainability

The rising emphasis on creating energy-efficient and sustainable elevators and escalators is increasingly becoming a major driving force in market growth. Companies are now incorporating smart technologies like regenerative drives that return energy back into the building grid, LED lighting that consumes less electricity, and standby modes that significantly reduce power usage when the systems are not in operation. These innovations not only offer cost-effective solutions by decreasing operational expenses but also appeal to a consumer base that is progressively environmentally conscious. The transition toward green technology aligns with international sustainability targets, thus giving an added incentive for both manufacturers and consumers to move in this direction. As a result, the focus on sustainability is expected to remain a dominant factor steering the market's trajectory.

The growing geriatric population requiring higher accessibility

The global demographic is experiencing a shift with the steady increase in the geriatric population. In this context, the role of elevators and escalators in promoting accessibility in public and private spaces becomes even more pivotal. An older population presents unique challenges, such as reduced mobility and a greater need for safety features. This has led to a specific market demand for elevators and escalators equipped with features like user-friendly interfaces, emergency call buttons, and lower speeds for easy boarding and disembarking. Many countries with a significant aged population have already started implementing these as standard features. This focus on inclusivity is crucial not just from a social perspective but also offers a viable market opportunity for companies to innovate and customize their product offerings. The geriatric population, therefore, not only adds to the immediate demand for accessible systems but also is a significant factor driving technological innovation in this sector.

Elevator and Escalator Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global elevator and escalator market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, service and end use.

Breakup by Type:

Elevators

Escalators

Moving Walkways

Elevators represent the largest market segment

The report has provided a detailed breakup and analysis of the market based on the type. This includes elevators, escalators, and moving walkways. According to the report, elevators represented the largest segment.

Elevators dominate as a major segment, primarily due to continual technological advancements in speed, capacity, and energy efficiency. The introduction of features such as touchless controls and air purification systems in the wake of health crises has also positively impacted demand. Elevators are increasingly being seen as a value addition to commercial and high-end residential spaces, making them indispensable.

On the other hand, escalators and moving walkways, form minor but relevant segments of the market that are also expanding. These are primarily used in public spaces like airports, shopping malls, and transit systems. With a focus on reducing the human effort required for mobility, especially over short distances, these systems play a supporting role to elevators. Their importance becomes particularly significant during peak hours, yet the demand is comparatively less than that for elevators.

Breakup by Service:

New Installation

Maintenance and Repair

Modernization

New installation represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the service. This includes new installation, maintenance and repair, and modernization. According to the report, new installation represented the largest segment.

New installations represent another major segment that is influenced by the expanding urban centers, a surge in skyscraper constructions, and an increased emphasis on making public spaces more accessible. Advances in technology, like gearless and machine-room-less elevators, have made installations more appealing and efficient. Increasing investments in public infrastructure and growing demands for energy-efficient solutions add to the factors driving new installations. Stringent safety regulations are also prompting the replacement of older systems with new installations.

On the other hand, maintenance and repair, combined with modernization, are minor segments, that are still growing. While new installations are essential, the maintenance and modernization of existing systems are mandated by safety regulations. The increasing age of existing installations necessitates upgrades for improved functionality and compliance with modern safety standards. However, the growth here is not as robust as in the new installations and commercial sectors.

Breakup by End Use:

Residential

Commercial

Offices

Hospitality

Mixed Block

Others

Commercial accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the end use. This includes residential and commercial (offices, hospitality, mixed block, and others). According to the report, commercial represented the largest segment.

The commercial segment is a major driving force owing to rapid infrastructure development, particularly in office buildings, shopping malls, and airports. The integration of smart technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI), has further propelled demand, optimizing energy usage and providing enhanced user experiences. Regulatory standards that require buildings to be more accessible are also contributing factors. The rise in the number of high-rise buildings requiring fast and efficient elevators and escalators to manage people flow efficiently completes the quartet of key drivers in this segment.

On the other hand, the residential segment experiences minor growth driven primarily by urbanization and increased multi-story residential projects. The convenience factor of having elevators in residential settings has also contributed to modest increases. The need for elderly and physically-challenged individuals to access different floors easily has facilitated this segment's growth.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest elevator and escalator market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region has multiple driving factors contributing to the growth of the elevator and escalator market. Urbanization is rampant, particularly in countries like China and India, where the expansion of cities necessitates multi-level buildings for both residential and commercial use. The Asia Pacific also leads in technological innovation, often being the first market to adopt new systems. Government initiatives and public-private partnerships in infrastructure development have further fueled growth.

The presence of several manufacturing powerhouse countries, such as China and Japan, significantly contributes to both the domestic and global supply chain. Safety regulations are increasingly strict, fostering a healthy market environment. Moreover, the increased standard of living and growing middle-class population in the region have created a demand for more advanced and comfortable elevator and escalator systems. Furthermore, with sustainability being a global concern, the region is seeing a rise in demand for energy-efficient solutions, thereby further driving the market.

Competitive Landscape:

The key market players are continuously focusing on innovations to improve energy efficiency and safety measures. They are integrating smart technologies, such as IoT and artificial intelligence, to make elevators and escalators more adaptive and responsive to user needs. R&D initiatives are actively aimed at incorporating eco-friendly materials and energy-saving features. The major companies are entering strategic collaborations with real estate developers, thus securing long-term contracts for installation and maintenance services. These enterprises are also establishing manufacturing facilities in emerging economies to capitalize on the growing infrastructure needs in those regions. Additionally, companies are developing enhanced digital marketing strategies, including virtual demonstrations and online customer engagement platforms are being employed to gain a wider customer base. To remain competitive, they are also focusing on modular designs that allow easier upgrades in the future.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Canny Elevator Co. Ltd.

Electra Elevators

Fujitec Co. Ltd.

Gulf Elevators & Escalators Co. Ltd.

Hitachi Ltd.

Hyundai Elevator Co. Ltd.

Johnson Lifts Private Limited

Kleemann Group

KONE Corporation

Mitsubishi Electric Corporation

Otis Elevator Company (I). Ltd (Otis Worldwide Corporation)

Schindler Holding Ltd.

Sigma Elevator Company

Toshiba Elevator and Building Systems Corporation (Toshiba Corporation)

Recent Developments:

In June 2023, Canny Elevator Co. Ltd. was ranked among the "China's 500 most valuable Brands" list in the 20th "World Brand Congress" hosted by the World Brand Lab, held in Beijing. With a brand value of 13.689 billion yuan, Canny Elevator Co. Ltd. is the only Chinese elevator brand listed with a brand value of more than 10 billion yuan.

In August 2023, Fujitec Singapore Corpn. Ltd, a group subsidiary of Fujitec Co. Ltd., completed the modernization of 19 elevators in One Raffles Place (formerly OUB Center), Singapore. The new elevators equipped with the latest functions, offer increased speed and new systems to shorten riding time, offering greater comfort and more stability.

In June 2023, Hitachi Elevator Engineering Company, a subsidiary of Hitachi Ltd., secured its largest order in Hong Kong, consisting of 160 elevators, escalators, and moving sidewalks for the Hong Kong West Kowloon Station complex from Sun Hung Kai Properties Limited. Manufactured by Hitachi Elevator (China) Co., Ltd., the order includes 115 elevators-22 of which are high-speed-and is scheduled for delivery by December 2024.

Key Questions Answered in This Report

  • 1. How big is the global elevator and escalator market?
  • 2. What is the expected growth rate of the global elevator and escalator market during 2024-2032?
  • 3. What are the key factors driving the global elevator and escalator market?
  • 4. What has been the impact of COVID-19 on the global elevator and escalator market?
  • 5. What is the breakup of the global elevator and escalator market based on the type?
  • 6. What is the breakup of the global elevator and escalator market based on the service?
  • 7. What is the breakup of the global elevator and escalator market based on the end use?
  • 8. What are the key regions in the global elevator and escalator market?
  • 9. Who are the key players/companies in the global elevator and escalator market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Elevator and Escalator Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Elevators
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Escalators
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Moving Walkways
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Service

  • 7.1 New Installation
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Maintenance and Repair
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Modernization
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by End Use

  • 8.1 Residential
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Commercial
    • 8.2.1 Market Trends
    • 8.2.2 Key Segments
      • 8.2.2.1 Offices
      • 8.2.2.2 Hospitality
      • 8.2.2.3 Mixed Block
      • 8.2.2.4 Others
    • 8.2.3 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Canny Elevator Co. Ltd.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
    • 14.3.2 Electra Elevators
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
    • 14.3.3 Fujitec Co. Ltd.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
    • 14.3.4 Gulf Elevators & Escalators Co. Ltd.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Hitachi Ltd.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Hyundai Elevator Co. Ltd.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Johnson Lifts Private Limited
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Kleemann Group
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 KONE Corporation
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Mitsubishi Electric Corporation
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Otis Elevator Company (I). Ltd (Otis Worldwide Corporation)
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
    • 14.3.12 Schindler Holding Ltd.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Sigma Elevator Company
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
    • 14.3.14 Toshiba Elevator and Building Systems Corporation (Toshiba Corporation)
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio

Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report