Elevators and Escalators Market

Best Price Guarantee	Publisher	Published Date	SKU
from $3,475	Evolve Business Intelligence	April, 2025	EVBI19931959

Best Price Guarantee
Price	from $3,475
Publisher	Evolve Business Intelligence
Published Date	April, 2025
SKU	EVBI19931959

Table of Contents
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.

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.