Elevators & Escalators Market

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Elevators & Escalators Market by Type (Elevators, Escalators, Moving walkways), Service (New installation, Maintenance & Repair), Elevator Technology (Traction, Machine- Room-Less, & Hydraulic), & End-use Industry and Region - Global Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: BC 4488 Jan, 2024, by marketsandmarkets.com

The elevators & escalators market is estimated to be USD 152.1 billion in 2023 and is projected to reach USD 207.4 billion by 2028, at a CAGR of 6.4% between 2023 and 2028. The elevators and escalators market is expected to witness significant growth in the coming years due to its increased demand across the residential, commercial and infrastructure industries.

Attractive Opportunities in the Elevators and Escalators Market

Elevators and Escalators Market

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Elevators and Escalators Market

Elevators and escalators Market Dynamics

Driver: Increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization

The substantial migration from rural to urban areas worldwide, particularly in Asia, Africa, and the Middle East, is driving rapid urbanization. According to the UN, urban populations are projected to reach 60% by 2030 and 68% by 2050. This shift is notable in Asia, where over 50% of the population resides in cities, with similar trends in Africa and the Middle East. While North America, Latin America, the Caribbean, and Europe have reached urbanization saturation, megacities like Tokyo, Mexico City, Seoul, and Lagos are emerging, necessitating advanced infrastructure, including efficient vertical mobility. This surge in urbanization and high-rise building construction is anticipated to boost the demand for elevators & escalators.

Restraint: High maintenance cost

In the elevators & escalator industry, implementing safety standards plays a very important role as lack of safety may lead to serious injuries or fatalities. Factors like unsafe practices, faulty design or product selection, and inadequate maintenance contribute to accidents. Maintenance challenges, including the level and cost, pose a significant hurdle for the industry. While elevators in the US handle billions of trips annually, there are around 30 reported deaths on average, highlighting the importance of accident prevention. Identifying aging equipment and non-compliant products is essential, but the associated costs serve as a constraint for market growth.

Opportunities: Development of innovative technologies and rising demand for smart elevators

Manufacturers are actively engaged in developing innovative technologies to set their products apart and maintain a competitive edge in the market. Smart elevators, controlled by advanced hardware and software systems, represent the next frontier in vertical transport. The increasing height of buildings highlights the importance of elevator speed to minimize waiting times, especially in high-rise structures. Future initiatives like 'housing for all' and the creation of smart cities necessitate taller buildings with more efficient mobility solutions. A notable example is The Burj Khalifa, which features the world's tallest service elevator, reaching an impressive 504 meters (1,654 ft). This architectural achievement aligns with the growing demand for smart elevators amid the demand for high-rise buildings, emphasizing the need for high-speed and energy-efficient elevator solutions.

Challenges:  Compliance with standards and regulations

The stringent regulations and standards imposed on elevators and escalators pose a potential limitation to the market. Adherence to these regulations is important, considering that even the smallest product defect could jeopardize user safety. Government bodies and non-profit organizations, including the American Society of Mechanical Engineers (ASME), Elevator and Escalator Safety Trust, Elevator Escalator Safety Foundation, and the Elevator Advisory Board, have established comprehensive rules and regulations to ensure public safety in the industry. Notably, the ASME has developed key codes addressing safety aspects in the design, installation, operation, inspection, testing, maintenance, alteration, and repair of elevators, escalators, moving walkways, and related equipment. The industry must comply with these regulations to maintain market share, as any malfunction could lead to accidents, impacting a company's profitability.

ECOSYSTEM

Elevators and Escalators Market Ecosystem

By Service, New installation Accounted for the Highest Market Share in 2022.

The new installation segment is projected to record the highest CAGR of 6.9% during forecast period. The demand for high-rise buildings, encompassing offices, malls, residential apartments, and hotels, signifies economic growth. Elevators & escalators are essential for efficient movement within these structures, facilitating access to different destinations. The increasing construction of new buildings directly drives the demand for elevators & escalators. Various types, including passenger, freight, hospital, and observation elevators, cater to diverse needs.

By End Use Industry, Commercial will be the Second Fastest-Growing Industry in Elevators and escalators market in 2022.

The commercial segment is estimated to account for the second largest share of the overall elevators and escalators market in 2022. The commercial sector encompasses offices, retail establishments, airports, hotels, and leisure parks. Over the next five years, there is anticipated growth in the construction of hotels, retail outlets, and entertainment units. Building owners in the commercial space are prioritizing energy efficiency and optimizing elevator traffic flow. Consequently, smart elevators are gaining popularity in commercial settings. In Europe, numerous airport projects, particularly in the Nordic countries, are in the planning stage. Similarly, various African countries are considering new airport construction to meet the increasing demands of developing nations.

Asia Pacific is projected to account for the highest CAGR in the elevators and escalators market during the forecast period.

APAC is estimated to be the largest market for elevators and escalators and is also projected to register the fastest CAGR of 7.4% during the forecast period. China is expected to account for the largest share of the market in APAC till 2028. Increasing global population and improving economic conditions of developing countries and demand for high-rise buildings are the main drivers for elevators and escalators market.

Elevators and Escalators Market by Region

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Key Market Players

Elevators & escalators market comprises key manufacturers such as Schindler Group (Switzerland), Otis (US), KONE Corporation (Finland), Hitachi Ltd. (Japan), Hyundai Elevator Co. Ltd. (South Korea), Fujitec Co., Ltd.  (Japan), Toshiba Elevators and Building Systems Corporation (Japan), Mitsubishi Electric Corporation (Japan),  TK Elevator (Germany), SJEC Corporation (China), and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the elevators and escalators market.

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million), Volume (Million Units)

Segments covered

Type, Service, Elevator Technology, End-use Industry, And Region

Geographies covered

North America, Asia Pacific, Europe, South America, and Middle East & Africa.

Companies covered

Schindler Group (Switzerland), Otis Elevator (US), Thyssenkrupp AG (Germany), KONE Corporation (Finland), and Hitachi Ltd. (Japan), among others.
25 manufacturers are covered in the elevators and escalators market.

This research report categorizes the elevators and escalators market based on material type, end-use industry,  application, and region.

Based on Type:
  • Elevator
  • Escalator
  • Moving Walkways
Based on Service:
  • New installation
  • Maintenance & repair
  • Modernization
Based on Elevator Technology:
  • Traction elevator
  • Machine room less traction elevator
  • Hydraulic
Based on End-use Industry:
  • Residential
  • Commercial
  • Institutional
  • Infrastructure
  • Others
Based on region:
  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

Recent Developments

  • On February 2021, Schindler Group signed a partnership agreement with citizenM hotels, the leading Netherlands-based boutique hotel chain, to provide service and modernization for escalators and elevators in all of the Group’s existing buildings across the globe, as well as the installation of future vertical mobility solutions in the chain’s new hotels.
  • On August 2020, Otis acquired Bay State Elevator to expand in the northeast US. The acquisition includes the company service portfolio and operations in Massachusetts, Connecticut, Vermont, and upstate New York.
  • On October 2023, KONE Corporation has finalized the sale of its operations in Russia to S8 Capital, a diversified holding company based in Russia.
  • On November 2022, KONE has concluded the buyback of its own class B shares, acquiring a total of 1,083,500 shares at an average price of USD 49.5 per share.
  • On April 2022, Hitachi, Ltd. has declared the successful acquisition of all outstanding shares of Yungtay Engineering Co., Ltd. ("Yungtay"), a subsidiary based in Taiwan involved in the manufacturing, sale, and service of elevators and escalators. This strategic move aims to enhance Hitachi's elevator and escalator business presence in the People's Republic of China ("China") and other regions of Asia.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 42)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA 
          FIGURE 1 ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 ELEVATORS AND ESCALATORS MARKET: APPROACH 1: BOTTOM-UP APPROACH
                    FIGURE 2 APPROACH 1: BOTTOM-UP APPROACH
           2.2.2 ELEVATORS AND ESCALATORS MARKET: APPROACH 2: TOP-DOWN APPROACH
                    FIGURE 3 ELEVATORS AND ESCALATORS MARKET: TOP-DOWN APPROACH
    2.3 SECONDARY DA T A 
           2.3.1 KEY DATA FROM SECONDARY SOURCES
    2.4 PRIMARY DATA 
           2.4.1 KEY DATA FROM PRIMARY SOURCES
    2.5 DATA TRIANGULATION 
          FIGURE 4 ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION
    2.6 KEY MARKET INSIGHTS 
          FIGURE 5 STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS
    2.7 RECESSION IMPACT 
    2.8 RESEARCH ASSUMPTIONS & LIMITATIONS 
          FIGURE 6 ASSUMPTIONS
          FIGURE 7 LIMITATIONS
           2.8.1 RISK ASSESSMENT
                    TABLE 1 LIMITATIONS & ASSOCIATED RISKS
    2.9 GROWTH RATE ASSUMPTIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 8 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT OF ELEVATORS AND ESCALATORS MARKET
    FIGURE 9 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 10 ELEVATOR TYPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 11 RESIDENTIAL END-USE INDUSTRY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELEVATORS AND ESCALATORS MARKET 
          FIGURE 13 INCREASING DEMAND FROM ELEVATORS SEGMENT OFFERS LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
    4.2 ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 
          FIGURE 14 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO BE FASTEST-GROWING DURING FORECAST PERIOD
    4.3 ELEVATORS AND ESCALATORS MARKET, BY TYPE 
          FIGURE 15 ELEVATORS TYPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.4 ELEVATORS & ESCALATORS MARKET, BY SERVICE 
          FIGURE 16 NEW INSTALLATION SERVICE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 
          FIGURE 17 RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD
    4.6 ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY AND REGION 
          FIGURE 18 CHINA ACCOUNTS FOR HIGHEST CAGR IN ASIA PACIFIC
    4.7 ELEVATORS AND ESCALATORS MARKET, BY KEY COUNTRY 
          FIGURE 19 CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ELEVATORS AND ESCALATORS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased construction of high-rise buildings equipped with smart vertical transportation
                               FIGURE 21 URBAN AND RURAL POPULATION 1950–2050
                    5.2.1.2 Growing need for reducing energy consumption in buildings
                               FIGURE 22 ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL SECTORS, 1950 TO 2022
                    5.2.1.3 Growing aging population to facilitate development
                               FIGURE 23 NUMBER OF PEOPLE AGED 65 YEARS OR ABOVE, BY REGION, 2022 VS. 2030
           5.2.2 RESTRAINTS
                    5.2.2.1 Uncertainty and risk regarding global economy
                    5.2.2.2 High maintenance cost
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of green building codes and energy-efficient products
                    5.2.3.2 Development of innovative technologies
           5.2.4 CHALLENGES
                    5.2.4.1 Compliance with standards and regulations
 
6 INDUSTRY TRENDS (Page No. - 70)
    6.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
          FIGURE 24 REVENUE SHIFT FOR ELEVATORS AND ESCALATORS MANUFACTURERS
    6.2 PRICING ANALYSIS 
           6.2.1 AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE
                    TABLE 2 AVERAGE PRICE RANGE OF ELEVATORS, BY TYPE (PER UNIT)
           6.2.2 RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE)
           6.2.3 FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS
    6.3 VALUE CHAIN ANALYSIS 
          FIGURE 25 VALUE CHAIN ANALYSIS OF ELEVATORS AND ESCALATORS MARKET
           6.3.1 RESEARCH & DEVELOPMENT
           6.3.2 COMPONENT MANUFACTURER
           6.3.3 MANUFACTURER
           6.3.4 SOFTWARE & SERVICE
           6.3.5 INTEGRATOR
           6.3.6 END-USE APPLICATION
    6.4 ECOSYSTEM MAPPING 
          FIGURE 26 ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM MAP
          TABLE 3 ECOSYSTEM OF ELEVATORS & ESCALATORS MARKET
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 ADOPTION OF ECO-FRIENDLY PRODUCTS
           6.5.2 INTUITIVE ELEVATOR TECHNOLOGY
           6.5.3 CABLE-FREE SMART ELEVATORS
           6.5.4 ARTIFICIAL INTELLIGENCE
           6.5.5 INTERNET OF THINGS (IOT) AND 5G TECHNOLOGY
    6.6 PATENT ANALYSIS 
           6.6.1 INTRODUCTION
           6.6.2 METHODOLOGY
           6.6.3 ELEVATORS AND ESCALATORS MARKET, PATENT ANALYSIS (2013–2022)
                    FIGURE 27 MAJOR PATENTS FOR ELEVATORS AND ESCALATORS MARKET (2013–2022)
                    TABLE 4 PATENTS FOR ELEVATORS AND ESCALATORS
    6.7 TRADE ANALYSIS 
          FIGURE 28 EXPORT SCENARIO, HS CODE 680610, ENCOMPASSING LIFTING, HANDLING, LOADING OR UNLOADING MACHINERY, E.G., LIFTS, ESCALATORS, CONVEYORS, TELEFERICS, 2022 (USD BILLION)
          FIGURE 29 IMPORT SCENARIO, HS CODE 680610, ENCOMPASSING LIFTING, HANDLING, LOADING OR UNLOADING MACHINERY, E.G., LIFTS, ESCALATORS, CONVEYORS, TELEFERICS, 2022 (USD BILLION)
    6.8 KEY CONFERENCES AND EVENTS IN 2023–2024 
          TABLE 5 ELEVATORS AND ESCALATORS MARKET: CONFERENCES & EVENTS, 2023–2024
    6.9 REGULATORY BODIES AND GOVERNMENT AGENCIES 
          TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
          TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
          TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 TARIFF AND REGULATORY LANDSCAPE 
           6.10.1 AVERAGE TARIFF RATES
                    TABLE 9 TARIFFS RELATED TO LIFTING, HANDLING, LOADING, OR UNLOADING MACHINERY, LIFTS, ESCALATORS, CONVEYORS, TELEFERICS
           6.10.2 REGULATORY LANDSCAPE
                    TABLE 10 CONTAINER COMPLIANCE OPTIONS FOR SAFETY AND ACCESSIBILITY IN EUROPE
                    TABLE 11 LIFT/ELEVATOR STANDARDS IN ASIA PACIFIC (INDIA)
           6.10.3 OTHERS
    6.11 PORTER’S FIVE FORCES ANALYSIS 
            FIGURE 30 ELEVATORS AND ESCALATORS MARKET: PORTER'S FIVE FORCES ANALYSIS
            TABLE 12 ELEVATORS & ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.11.1 THREAT OF NEW ENTRANTS
           6.11.2 THREAT OF SUBSTITUTES
           6.11.3 BARGAINING POWER OF SUPPLIERS
           6.11.4 BARGAINING POWER OF BUYERS
           6.11.5 INTENSITY OF COMPETITIVE RIVALRY
    6.12 MACROECONOMIC INDICATORS 
           6.12.1 INTRODUCTION
           6.12.2 GDP TRENDS AND FORECASTS
                    TABLE 13 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)
           6.12.3 CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON ELEVATORS AND ESCALATORS
                    TABLE 14 CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2021
           6.12.4 GROWING POPULATION AND URBANIZATION
                    TABLE 15 URBANIZATION, BY REGION, 2021–2050 (IN MILLION)
                    TABLE 16 POPULATION, BY REGION, 2022–2050 (IN MILLION)
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                     TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
           6.13.2 BUYING CRITERIA
                     FIGURE 32 KEY BUYING CRITERIA OF ELEVATORS AND ESCALATORS MARKET
                     TABLE 18 KEY BUYING CRITERIA FOR ELEVATORS AND ESCALATORS INDUSTRY
    6.14 CASE STUDY ANALYSIS 
           6.14.1 CASE STUDY 1: ELEVATORS GURGAON MEDANTA
           6.14.2 CASE STUDY 2: ENERGY-EFFICIENT BUILDING INITIATIVE MUMBAI- THE RUBY BUILDING SYSTEMS – ELEVATORS
           6.14.3 CASE STUDY 3: HONEYWELL- CORPORATE OFFICE RENOVATIONS
           6.14.4 CASE STUDY 4: KONE CORPORATION- 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA
 
7 ELEVATORS AND ESCALATORS MARKET, BY SERVICE (Page No. - 101)
    7.1 INTRODUCTION 
          FIGURE 33 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT DURING FORECAST PERIOD
          TABLE 19 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (USD MILLION)
          TABLE 20 ELEVATORS & ESCALATORS MARKET, BY SERVICE, 2022–2028 (USD MILLION)
          TABLE 21 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (MILLION UNITS)
          TABLE 22 ELEVATORS & ESCALATORS MARKET, BY SERVICE, 2022–2028 (MILLION UNITS)
    7.2 NEW INSTALLATION 
           7.2.1 SURGE IN URBANIZATION AND RISE IN CONSTRUCTION ACTIVITIES TO DRIVE MARKET
    7.3 MAINTENANCE & REPAIR 
           7.3.1 GROWING CONCERN REGARDING AGING ELEVATORS TO DRIVE MARKET
    7.4 MODERNIZATION 
           7.4.1 INNOVATIVE TECHNOLOGIES AND NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET
 
8 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY (Page No. - 105)
    8.1 INTRODUCTION 
          FIGURE 34 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO WITNESS HIGHEST CAGR
          TABLE 23 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 24 ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (USD MILLION)
          TABLE 25 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (MILLION UNITS)
          TABLE 26 ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (MILLION UNITS)
    8.2 TRACTION ELEVATOR 
           8.2.1 LIGHTWEIGHT PROPERTY TO DRIVE MARKET
    8.3 MACHINE-ROOM-LESS TRACTION ELEVATOR 
           8.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY TO DRIVE MARKET
    8.4 HYDRAULIC 
           8.4.1 TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET
 
9 ELEVATORS AND ESCALATORS MARKET, BY TYPE (Page No. - 110)
    9.1 INTRODUCTION 
          FIGURE 35 ELEVATORS SEGMENT TO LEAD ELEVATORS AND ESCALATORS MARKET
          TABLE 27 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
          TABLE 28 ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
          TABLE 29 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
          TABLE 30 ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
    9.2 ELEVATORS 
           9.2.1 DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS TO DRIVE MARKET
           9.2.2 PASSENGER ELEVATOR
                    9.2.2.1 Bed elevator
                    9.2.2.2 Service elevator
                    9.2.2.3 Observation elevator
                    9.2.2.4 Residential elevator
           9.2.3 FREIGHT ELEVATOR
                    9.2.3.1 Dumbwaiters
                    9.2.3.2 Vehicle elevators
           9.2.4 OTHER ELEVATOR TYPES
    9.3 ESCALATORS 
           9.3.1 BOOM IN REAL ESTATE SECTOR AND NEED FOR EFFICIENT & RAPID TRANSIT SYSTEMS TO DRIVE MARKET
    9.4 MOVING WALKWAYS 
           9.4.1 RAPID EMERGENCE OF AIRPORTS AND SHOPPING MALLS TO DRIVE MARKET
 
10 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY (Page No. - 116)
     10.1 INTRODUCTION 
             FIGURE 36 RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY SEGMENT
             TABLE 31 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 32 ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 33 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
             TABLE 34 ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     10.2 RESIDENTIAL 
             10.2.1 GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION TO DRIVE MARKET
     10.3 COMMERCIAL 
             10.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO DRIVE MARKET
     10.4 INSTITUTIONAL 
             10.4.1 RISE IN DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET
     10.5 INFRASTRUCTURAL 
             10.5.1 RAPID URBANIZATION TO DRIVE MARKET
     10.6 OTHER END-USE INDUSTRIES 
 
11 ELEVATORS AND ESCALATORS MARKET, BY REGION (Page No. - 121)
     11.1 INTRODUCTION 
             FIGURE 37 CHINA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
             TABLE 35 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 36 ELEVATORS & ESCALATORS MARKET, BY REGION, 2022–2028 (USD MILLION)
             TABLE 37 ELEVATOR AND ESCALATOR MARKET, BY REGION, 2018–2021 (MILLION UNITS)
             TABLE 38 ELEVATOR & ESCALATOR MARKET, BY REGION, 2022–2028 (MILLION UNITS)
             TABLE 39 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 40 ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 41 ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
             TABLE 42 ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
             TABLE 43 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (USD MILLION)
             TABLE 44 ELEVATORS & ESCALATORS MARKET, BY SERVICE, 2022–2028 (USD MILLION)
             TABLE 45 ELEVATOR AND ESCALATOR MARKET, BY SERVICE, 2018–2021 (MILLION UNITS)
             TABLE 46 ELEVATOR & ESCALATOR MARKET, BY SERVICE, 2022–2028 (MILLION UNITS)
             TABLE 47 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 48 ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (USD MILLION)
             TABLE 49 ELEVATOR AND ESCALATOR MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (MILLION UNITS)
             TABLE 50 ELEVATOR & ESCALATOR MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (MILLION UNITS)
             TABLE 51 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 52 ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 53 ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
             TABLE 54 ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     11.2 ASIA PACIFIC 
             11.2.1 RECESSION IMPACT
                        FIGURE 38 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT
                        TABLE 55 ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 56 ASIA PACIFIC: ELEVATOR AND ESCALATOR MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 57 ASIA PACIFIC: ELEVATOR & ESCALATOR MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
                        TABLE 58 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS)
                        TABLE 59 ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 60 ASIA PACIFIC: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 61 ASIA PACIFIC: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 62 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 63 ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 64 ASIA PACIFIC: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 65 ASIA PACIFIC: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 66 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.2.2 CHINA
                        11.2.2.1 Rapid industrialization and urbanization to drive market
                                      TABLE 67 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 68 CHINA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 69 CHINA: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 70 CHINA: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 71 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 72 CHINA: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 73 CHINA: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 74 CHINA: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.2.3 INDIA
                        11.2.3.1 Government initiatives for 100 smart cities to drive market
                                      TABLE 75 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 76 INDIA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 77 INDIA: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 78 INDIA: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 79 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 80 INDIA: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 81 INDIA: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 82 INDIA: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.2.4 JAPAN
                        11.2.4.1 Increasing adoption of smart technologies to drive market
                                      TABLE 83 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 84 JAPAN: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 85 JAPAN: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 86 JAPAN: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 87 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 88 JAPAN: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 89 JAPAN: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 90 JAPAN: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.2.5 SOUTH KOREA
                        11.2.5.1 Changing lifestyles and increasing government initiatives to drive market
                                      TABLE 91 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 92 SOUTH KOREA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 93 SOUTH KOREA: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 94 SOUTH KOREA: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 95 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 96 SOUTH KOREA: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 97 SOUTH KOREA: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 98 SOUTH KOREA: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.2.6 REST OF ASIA PACIFIC
                        TABLE 99 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 100 REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 101 REST OF ASIA PACIFIC: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 102 REST OF ASIA PACIFIC: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 103 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 104 REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 105 REST OF ASIA PACIFIC: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 106 REST OF ASIA PACIFIC: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     11.3 EUROPE 
             11.3.1 RECESSION IMPACT
                        FIGURE 39 EUROPE: ELEVATORS AND ESCALATORS MARKET SNAPSHOT
                        TABLE 107 EUROPE: ELEVATORS & ESCALATORS, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 108 EUROPE: ELEVATOR AND ESCALATOR MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 109 EUROPE: ELEVATOR & ESCALATOR, BY COUNTRY, 2018–2021 (MILLION UNITS)
                        TABLE 110 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS)
                        TABLE 111 EUROPE: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 112 EUROPE: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 113 EUROPE: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 114 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 115 EUROPE: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 116 EUROPE: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 117 EUROPE: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 118 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.2 GERMANY
                        11.3.2.1 Emphasis on modernization, infrastructural development, and stringent safety standards to drive market
                                      TABLE 119 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 120 GERMANY: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 121 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 122 GERMANY: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 123 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 124 GERMANY: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 125 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 126 GERMANY: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.3 FRANCE
                        11.3.3.1 Regulatory frameworks and architectural needs to drive market
                                      TABLE 127 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 128 FRANCE: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 129 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 130 FRANCE: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 131 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 132 FRANCE: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 133 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 134 FRANCE: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.4 UK
                        11.3.4.1 Development of smart cities and new technologies to drive market
                                      TABLE 135 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 136 UK: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 137 UK: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 138 UK: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 139 UK: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 140 UK: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 141 UK: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 142 UK: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.5 ITALY
                        11.3.5.1 Growing investment in construction industry to drive market
                                      TABLE 143 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 144 ITALY: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 145 ITALY: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 146 ITALY: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 147 ITALY: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 148 ITALY: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 149 ITALY: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 150 ITALY: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.6 SPAIN
                        11.3.6.1 Sustainability in construction and real estate sectors to drive market
                                      TABLE 151 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 152 SPAIN: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 153 SPAIN: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 154 SPAIN: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 155 SPAIN: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 156 SPAIN: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 157 SPAIN: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 158 SPAIN: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.3.7 REST OF EUROPE
                        TABLE 159 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 160 REST OF EUROPE: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 161 REST OF EUROPE: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 162 REST OF EUROPE: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 163 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 164 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 165 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 166 REST OF EUROPE: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     11.4 NORTH AMERICA 
             11.4.1 RECESSION IMPACT
                        TABLE 167 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 168 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 169 NORTH AMERICA: ELEVATOR AND ESCALATOR MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
                        TABLE 170 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS)
                        TABLE 171 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 172 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 173 NORTH AMERICA: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 174 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 175 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 176 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 177 NORTH AMERICA: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 178 NORTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.4.2 US
                        11.4.2.1 Government investments in infrastructure projects to drive market
                                      TABLE 179 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 180 US: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 181 US: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 182 US: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 183 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 184 US: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 185 US: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 186 US: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.4.3 CANADA
                        11.4.3.1 Investment in residential segment to drive market
                                      TABLE 187 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 188 CANADA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 189 CANADA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 190 CANADA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 191 CANADA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 192 CANADA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 193 CANADA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 194 CANADA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.4.4 MEXICO
                        11.4.4.1 Growth in commercial constructions to drive market
                                      TABLE 195 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 196 MEXICO: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 197 MEXICO: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 198 MEXICO: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 199 MEXICO: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 200 MEXICO: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 201 MEXICO: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 202 MEXICO: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     11.5 SOUTH AMERICA 
             11.5.1 RECESSION IMPACT
                        TABLE 203 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 204 SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 205 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
                        TABLE 206 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS)
                        TABLE 207 SOUTH AMERICA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 208 SOUTH AMERICA: MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 209 SOUTH AMERICA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 210 SOUTH AMERICA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 211 SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 212 SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 213 SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 214 SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.5.2 BRAZIL
                        11.5.2.1 Increasing demand for residential & nonresidential construction to drive market
                                      TABLE 215 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 216 BRAZIL: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 217 BRAZIL: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 218 BRAZIL: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 219 BRAZIL: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 220 BRAZIL: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 221 BRAZIL: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 222 BRAZIL: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.5.3 ARGENTINA
                        11.5.3.1 Investment in construction sector to drive market
                                      TABLE 223 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 224 ARGENTINA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 225 ARGENTINA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 226 ARGENTINA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 227 ARGENTINA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 228 ARGENTINA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 229 ARGENTINA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 230 ARGENTINA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.5.4 REST OF SOUTH AMERICA
                        TABLE 231 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 232 REST OF SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 233 REST OF SOUTH AMERICA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 234 REST OF SOUTH AMERICA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 235 REST OF SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 236 REST OF SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 237 REST OF SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 238 REST OF SOUTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
     11.6 MIDDLE EAST & AFRICA 
             11.6.1 RECESSION IMPACT
                        TABLE 239 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 240 MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 241 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS)
                        TABLE 242 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS)
                        TABLE 243 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 244 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 245 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 246 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 247 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 248 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 249 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 250 MIDDLE EAST & AFRICA: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.6.2 GCC COUNTRIES
                        TABLE 251 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 252 GCC COUNTRIES: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 253 GCC COUNTRIES: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 254 GCC COUNTRIES: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 255 GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 256 GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 257 GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 258 GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
                        11.6.2.1 UAE
                                     11.6.2.1.1 Industrial growth and rise in tourism to drive market
                                                      TABLE 259 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                                      TABLE 260 UAE: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 261 UAE: ELEVATOR AND ESCALATOR MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                                      TABLE 262 UAE: ELEVATOR & ESCALATOR MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                                      TABLE 263 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                                      TABLE 264 UAE: ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                                      TABLE 265 UAE: ELEVATOR AND ESCALATOR MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                                      TABLE 266 UAE: ELEVATOR & ESCALATOR MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
                        11.6.2.2 Saudi Arabia
                                     11.6.2.2.1 Growing non-oil economy to drive market
                                                      TABLE 267 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                                      TABLE 268 SAUDI ARABIA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 269 SAUDI ARABIA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                                      TABLE 270 SAUDI ARABIA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                                      TABLE 271 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                                      TABLE 272 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                                      TABLE 273 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                                      TABLE 274 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
                        11.6.2.3 Rest of GCC countries
                                      TABLE 275 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                      TABLE 276 REST OF GCC COUNTRIES: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 277 REST OF GCC COUNTRIES: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                                      TABLE 278 REST OF GCC COUNTRIES: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                                      TABLE 279 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                                      TABLE 280 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 281 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                                      TABLE 282 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
             11.6.3 REST OF MIDDLE EAST & AFRICA
                        TABLE 283 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 284 REST OF MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 285 REST OF MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
                        TABLE 286 REST OF MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2022–2028 (MILLION UNITS)
                        TABLE 287 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 288 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                        TABLE 289 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS)
                        TABLE 290 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS)
 
12 COMPETITIVE LANDSCAPE (Page No. - 217)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     12.3 REVENUE ANALYSIS OF KEY PLAYERS 
             FIGURE 40 REVENUE ANALYSIS OF KEY COMPANIES IN ELEVATORS AND ESCALATORS MARKET
     12.4 MARKET SHARE ANALYSIS 
             FIGURE 41 ELEVATORS AND ESCALATORS: MARKET SHARE ANALYSIS
             TABLE 291 ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION
     12.5 COMPANY EVALUATION MATRIX 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                        FIGURE 42 COMPANY EVALUATION MATRIX: ELEVATORS AND ESCALATORS MARKET, 2022
             12.5.5 COMPANY FOOTPRINT
                        FIGURE 43 ELEVATORS AND ESCALATORS MARKET: PRODUCT FOOTPRINT OF KEY PLAYERS
                        TABLE 292 ELEVATORS & ESCALATORS MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY END-USE INDUSTRY
                        TABLE 293 ELEVATOR AND ESCALATOR MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY TYPE
                        TABLE 294 ELEVATOR & ESCALATOR MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY REGION
     12.6 START-UP/SME EVALUATION MATRIX 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                        FIGURE 44 START-UPS/SMES EVALUATION MATRIX: ELEVATORS AND ESCALATORS MARKET, 2022
             12.6.5 COMPETITIVE BENCHMARKING
                        TABLE 295 ELEVATORS & ESCALATORS MARKET: DETAILED LIST OF KEY START-UPS/SMES
                        TABLE 296 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     12.7 COMPETITIVE SCENARIO 
             12.7.1 DEALS
                        TABLE 297 DEALS, 2019–2023
             12.7.2 PRODUCT LAUNCHES
                        TABLE 298 PRODUCT LAUNCHES, 2019–2023
             12.7.3 OTHERS
                        TABLE 299 OTHERS, 2019–2023
 
13 COMPANY PROFILES (Page No. - 236)
     13.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
             13.1.1 SCHINDLER GROUP
                        TABLE 300 SCHINDLER GROUP: COMPANY OVERVIEW
                        FIGURE 45 SCHINDLER GROUP: COMPANY SNAPSHOT
                        TABLE 301 SCHINDLER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 302 SCHINDLER GROUP: DEALS
                        TABLE 303 SCHINDLER GROUP: PRODUCT LAUNCHES
                        TABLE 304 SCHINDLER GROUP: OTHERS
             13.1.2 OTIS WORLDWIDE CORPORATION
                        TABLE 305 OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT
                        TABLE 306 OTIS WORLDWIDE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 307 OTIS WORLDWIDE CORPORATION: DEALS
             13.1.3 KONE CORPORATION
                        TABLE 308 KONE CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 KONE CORPORATION: COMPANY SNAPSHOT
                        TABLE 309 KONE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 310 KONE CORPORATION: DEALS
                        TABLE 311 KONE CORPORATION: OTHERS
             13.1.4 HITACHI LTD.
                        TABLE 312 HITACHI LTD.: COMPANY OVERVIEW
                        FIGURE 48 HITACHI LTD.: COMPANY SNAPSHOT
                        TABLE 313 HITACHI LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 314 HITACHI LTD.: DEALS
                        TABLE 315 HITACHI LTD.: PRODUCT LAUNCHES
                        TABLE 316 HITACHI LTD.: OTHERS
             13.1.5 HYUNDAI ELEVATOR CO. LTD.
                        TABLE 317 HYUNDAI ELEVATOR CO. LTD.: COMPANY OVERVIEW
                        TABLE 318 HYUNDAI ELEVATOR CO. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 319 HYUNDAI ELEVATOR CO. LTD.: DEALS
                        TABLE 320 HYUNDAI ELEVATOR CO. LTD.: PRODUCT LAUNCHES
                        TABLE 321 HYUNDAI ELEVATOR CO. LTD.: OTHERS
             13.1.6 FUJITEC CO., LTD.
                        TABLE 322 FUJITEC CO., LTD.: COMPANY OVERVIEW
                        FIGURE 49 FUJITEC CO., LTD.: COMPANY SNAPSHOT
                        TABLE 323 FUJITEC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 324 FUJITEC CO., LTD.: OTHERS
             13.1.7 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION
                        TABLE 325 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: COMPANY OVERVIEW
                        TABLE 326 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.8 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 327 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 328 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 329 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
             13.1.9 TK ELEVATOR
                        TABLE 330 TK ELEVATOR: COMPANY OVERVIEW
                        TABLE 331 TK ELEVATOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 332 TK ELEVATOR: DEALS
                        TABLE 333 TK ELEVATOR: PRODUCT LAUNCHES
                        TABLE 334 TK ELEVATOR: OTHERS
             13.1.10 SJEC CORPORATION
                        TABLE 335 SJEC CORPORATION: COMPANY OVERVIEW
                        TABLE 336 SJEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     13.2 OTHER PLAYERS 
             13.2.1 KLEEMANN
                        TABLE 337 KLEEMANN: COMPANY OVERVIEW
             13.2.2 SIGMA ELEVATORS
                        TABLE 338 SIGMA ELEVATORS: COMPANY OVERVIEW
             13.2.3 ELECTRA ELEVATORS
                        TABLE 339 ELECTRA ELEVATORS: COMPANY OVERVIEW
             13.2.4 ESCON ELEVATORS
                        TABLE 340 ESCON ELEVATORS: COMPANY OVERVIEW
             13.2.5 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO. LTD.
                        TABLE 341 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO. LTD.: COMPANY OVERVIEW
             13.2.6 ORONA
                        TABLE 342 ORONA: COMPANY OVERVIEW
             13.2.7 EITA ELEVATOR
                        TABLE 343 EITA ELEVATOR: COMPANY OVERVIEW
             13.2.8 GLARIE ELEVATOR
                        TABLE 344 GLARIE ELEVATOR: COMPANY OVERVIEW
             13.2.9 AARON INDUSTRIES LTD.
                        TABLE 345 AARON INDUSTRIES LTD.: COMPANY OVERVIEW
             13.2.10 LEO ELEVATORS
                        TABLE 346 LEO ELEVATORS: COMPANY OVERVIEW
             13.2.11 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED
                        TABLE 347 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW
             13.2.12 STANNAH GROUP
                        TABLE 348 STANNAH GROUP: COMPANY OVERVIEW
             13.2.13 CIBES LIFT
                        TABLE 349 CIBES LIFT: COMPANY OVERVIEW
             13.2.14 WALTON GROUP
                        TABLE 350 WALTON GROUP: COMPANY OVERVIEW
             13.2.15 EXPEDITE AUTOMATION LLP
                        TABLE 351 EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
14 ADJACENT & RELATED MARKET (Page No. - 285)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
             14.2.1 SMART ELEVATOR MARKET
                        14.2.1.1 Market definition
                        14.2.1.2 Smart elevator market, by component
                        14.2.1.3 Smart elevator market, by application
                        14.2.1.4 Smart elevator market, by service
                        14.2.1.5 Smart elevator market, by region
 
15 APPENDIX (Page No. - 287)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The study involved four major activities for estimating the current size of the global elevators and escalators market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of elevators and escalators through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the elevators and escalators market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the elevators and escalators market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.

Primary Research

The elevators and escalators market comprises several stakeholders in the supply chain, which include raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the elevators and escalators market. Primary sources from the supply side include associations and institutions involved in the elevators and escalators industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

Elevators and Escalators Market Size, and Share

Notes: Other designations include product, sales, and marketing managers.

Tiers of the companies are classified based on their annual revenues as of 2022, Tier 1 = >USD 5 Billion, Tier 2 = USD 1 Billion to USD 5 Billion, and Tier 3= <USD 1 Billion.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the global elevators and escalators market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.

Elevators and Escalators Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Elevators and Escalators Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the elevators and escalators market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Market Definition

An elevator, also known as a lift, serves as a technological solution for vertical transportation, facilitating the movement of individuals or goods between different levels of a building, vessels, or other structures. Typically powered by electric motors, elevators employ either traction cables or counterweight systems, such as hoists or hydraulic pumps with cylindrical pistons (e.g., jacks). In contrast, an escalator functions as a vertical transportation method utilizing a continuously moving staircase. Operating on the principle of a conveyor transport device, an escalator comprises a motor-driven chain of interconnected steps that ascend or descend on tracks, ensuring that the step treads remain in a horizontal position.

Key Stakeholders

  • Component manufacturer and suppliers
  • Environmental associations
  • Consulting companies in the elevators & escalators industry
  • Elevators & escalator manufacturers
  • Traders and distributors of elevators & escalators
  • NGOs, governments, research organizations, investment banks, venture capitalists, and private equity firms

Report Objectives

  • To define, analyze, and project the size of the elevators and escalators market in terms of value based on Type, Service, Elevator Technology, End-use Industry, and Region.
  • To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders.
  • To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the elevators and escalators market
  • To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of APAC market
  • Further breakdown of Rest of Europe market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
BC 4488
Published ON
Jan, 2024
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