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Elevators and Escalators Market

Publisher Evolve Business Intelligence
Published Apr 14, 2025
SKU # EVBI19931959

Description

The Elevators and Escalators Market is projected to grow to USD 138.54 billion by 2033, up from USD 69.25 billion in 2023, representing a compound annual growth rate (CAGR) of 7.41% over the period. Elevators and escalators are crucial vertical transportation systems used to move people efficiently and safely between different building levels. Elevators typically feature a car that moves vertically within a shaft, utilizing mechanisms such as cables, pulleys, or hydraulic systems for operation. Escalators are continuously moving staircases that transport people between floors on a looped track. Both systems are vital in modern urban infrastructure, offering convenience and accessibility in high-rise buildings, shopping centers, airports, and other public areas.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Type (Elevator, Escalator, Moving walkways, Others)
By Service (New installation, Maintenance & Repair, Modernization, Others)
By End-use (Residential, Commercial, Institutional, Infrastructure)

Key players

KONE Corporation
United Technologies
Schindler
Mitsubishi Electric Corporation
ThyssenKrupp AG
FUJITEC
Hyundai Elevator Co., Ltd.
Toshiba Corporation
Hitachi Ltd.
Electra Ltd.

Table of Contents

CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Type Segement – Market Opportunity Score
4.1.2. Service Segment – Market Opportunity Score
4.1.3. End Use Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Raw Material
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on Elevators and Escalators Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global Elevators and Escalators Market, By Type
7.1. Introduction
7.1.1. Elevator
7.1.2. Escalator
7.1.3. Moving walkways
7.1.4. Others
CHAPTER 8. Global Elevators and Escalators Market, By Service
8.1. Introduction
8.1.1. New installation
8.1.2. Maintenance & repair
8.1.3. Modernization
8.1.4. Others
CHAPTER 9. Global Elevators and Escalators Market, By End Use
9.1. Introduction
9.1.1. Residential
9.1.2. Commercial
9.1.3. Institutional
9.1.4. Infrastructure
CHAPTER 10. Global Elevators and Escalators Market, By Region
10.1. Introduction
10.2. NORTH AMERICA
10.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.2.2. North America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.2.3. North America: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.2.4. North America: Market Size and Forecast, By KONE Corporation, 2023 – 2033 ($ Million)
10.2.5. US
10.2.5.1. US: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.2.5.2. US: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.2.5.3. US: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.2.6. CANADA
10.2.6.1. Canada: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.2.6.2. Canada: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.2.6.3. Canada: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.2.7. MEXICO
10.2.7.1. Mexico: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.2.7.2. Mexico: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.2.7.3. Mexico: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3. Europe
10.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.3.2. Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.3. Europe: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.4. Europe: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.5. U.K.
10.3.5.1. U.K.: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.5.2. U.K.: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.5.3. U.K.: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.6. GERMANY
10.3.6.1. Germany: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.6.2. Germany: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.6.3. Germany: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.7. FRANCE
10.3.7.1. France: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.7.2. France: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.7.3. France: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.8. ITALY
10.3.8.1. Italy: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.8.2. Italy: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.8.3. Italy: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.9. SPAIN
10.3.9.1. Spain: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.9.2. Spain: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.9.3. Spain: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.10. BENELUX
10.3.10.1. BeNeLux: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.10.2. BeNeLux: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.10.3. BeNeLux: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.11. RUSSIA
10.3.11.1. Russia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.11.2. Russia: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.11.3. Russia: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.3.12. REST OF EUROPE
10.3.12.1. Rest of Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.3.12.2. Rest of Europe: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.3.12.3. Rest of Europe: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4. Asia Pacific
10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.4.2. Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.3. Asia Pacific: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.4. Asia Pacific: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.5. CHINA
10.4.5.1. China: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.5.2. China: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.5.3. China: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.6. JAPAN
10.4.6.1. Japan: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.6.2. Japan: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.6.3. Japan: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.7. INDIA
10.4.7.1. India: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.7.2. India: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.7.3. India: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.8. SOUTH KOREA
10.4.8.1. South Korea: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.8.2. South Korea: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.8.3. South Korea: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.9. THAILAND
10.4.9.1. Thailand: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.9.2. Thailand: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.9.3. Thailand: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.10. INDONESIA
10.4.10.1. Indonesia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.10.2. Indonesia: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.10.3. Indonesia: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.11. MALAYSIA
10.4.11.1. Malaysia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.11.2. Malaysia: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.11.3. Malaysia: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.12. AUSTRALIA
10.4.12.1. Australia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.12.2. Australia: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.12.3. Australia: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.4.13. REST FO ASIA PACIFIC
10.4.13.1. Rest fo Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.4.13.2. Rest fo Asia Pacific: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.4.13.3. Rest fo Asia Pacific: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.5. South America
10.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.5.2. South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.5.3. South America: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.5.4. South America: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.5.5. BRAZIL
10.5.5.1. Brazil: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.5.5.2. Brazil: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.5.5.3. Brazil: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.5.6. ARGENTINA
10.5.6.1. Argentina: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.5.6.2. Argentina: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.5.6.3. Argentina: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.5.7. REST OF SOUTH AMERICA
10.5.7.1. Rest of South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.5.7.2. Rest of South America: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.5.7.3. Rest of South America: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6. Middle East & Africa
10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.6.2. Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.3. Middle East & Africa: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.4. Middle East & Africa: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6.5. SAUDI ARABIA
10.6.5.1. Saudi Arabia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.5.2. Saudi Arabia: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.5.3. Saudi Arabia: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6.6. UAE
10.6.6.1. UAE: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.6.2. UAE: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.6.3. UAE: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6.7. EGYPT
10.6.7.1. Egypt: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.7.2. Egypt: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.7.3. Egypt: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6.8. SOUTH AFRICA
10.6.8.1. South Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.8.2. South Africa: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.8.3. South Africa: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
10.6.9. REST OF MIDDLE EAST & AFRICA
10.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
10.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Service, 2023 – 2033 ($ Million)
10.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By End Use, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. KONE Corporation
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2020, 2021, 2022, $ Million
13.1.2.2. Geographic Revenue Mix, 2022 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. United Technologies
13.3. Schindler
13.4. Mitsubishi Electric Corporation
13.5. ThyssenKrupp AG
13.6. FUJITEC
13.7. Hyundai Elevator Co., Ltd.
13.8. Toshiba Corporation
13.9. Hitachi Ltd.
13.10. Electra Ltd.

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