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Elevator And Escalator Market in the BRIC countries - Market Study 2015-2019

Elevator And Escalator Market in the BRIC countries - Market Study 2015-2019

Elevator And Escalator Market in the BRIC countries - Market Study 2015-2019

Covering: This market research report segments the elevator and escalator market in BRIC countries by product (elevators and escalators) and by geography (Brazil, Russia, India, and China). Key leading vendors analyzed in this market study are Hitachi, KONE, Mitsubishi, Otis, Schindler, and ThyssenKrupp.

Market outlook of the elevator and escalator market in the BRIC countries

Elevators and escalators are installed in public places and mixed-used buildings like IT parks, hotels, restaurants, and retail outlets. The market for escalators and elevators in the BRIC countries is estimated to post a modest growth rate of more than 13% by 2019. The unparalleled growth witnessed in the construction market in BRIC countries is expected to account for this market’s steady growth rate during the forecast period.

Among all the BRIC countries, China is expected to dominate the market for elevators and escalators during the forecast period. In China, the elevators segment is envisaged to account for more than 88% of the total new unit installations, while the escalators segment is expected to account for a mere 11% of the total new unit installations.

Product-based segmentation of the elevator and escalator market in the BRIC countries

  • Elevators
  • Escalators
In this market study, Technavio’s market research analyst has estimated the escalator segment to show a higher market growth rate than the elevator segment. Since most infrastructure projects employ more number of escalators than elevators, developments in the construction market will result in this segment’s rapid growth during the forecast period.

Competitive landscape and key vendors

The elevator and escalator market in BRIC countries is dominated by a few leading vendors like Hitachi, KONE, and Mitsubishi. Despite the dominance of the leading vendors, many small domestic vendors take part in country-specific construction activities and offer services like elevator and escalator installation, maintenance, and modernization services.

Leading vendors in this market are -
  • Hitachi
  • KONE
  • Mitsubishi
  • Otis
  • Schindler
  • ThyssenKrupp
Other prominent vendors are Canny Elevator, Express Lifts, Express Lifts, Fujitec, Hyundai Elevator, Johnson Lifts, Kleemann Group, and Shenyang Brilliant Elevator.

Growth drivers, challenges, and upcoming trends: Elevators and escalators

Technavio’s market research analysts estimate upcoming trends, such as the advent of smart elevators, to foster market growth during the forecast period. Smart elevators are rapidly gaining popularity as they have an integrated safety and control system and offer features like high operation speed and high-energy efficiency. The augmented implementation of these elevators in high-rise buildings and IT parks is expected to boost the prospects for growth in the elevator and escalator market in the BRIC countries.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the elevator and escalator market in the BRIC countries. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the elevator and escalator market in the BRIC countries?
  • What are the key market trends impacting the growth of the elevator and escalator market in the BRIC countries?
  • What are the challenges to market growth?
  • Who are the key vendors in the elevator and escalator market in the BRIC countries?
  • What are the market opportunities and threats faced by the vendors in the elevator and escalator market in the BRIC countries
  • What are the key outcomes of the five forces analysis of the elevator and escalator market in the BRIC countries?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Elevator and Escalator Market in the GCC 2014-2018
  • Elevators and Escalators Market in the UK 2015-2019
  • Elevator and Escalator Market in the US 2015-2019
  • Elevators and Escalators Market in Canada - Market Analysis 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Elevators and Escalators Market in the BRIC countries 2015-2019

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in the BRIC countries: Hitachi, KONE, Mitsubishi, Otis, Schindler and ThyssenKrupp

Other Prominent Vendors in the market are: Canny Elevator, Express Lifts, Express Lifts, Fujitec, Hyundai Elevator, Johnson Lifts, Kleemann Group, and Shenyang Brilliant Elevator.

Commenting on the report, an analyst from Technavio’s team said: “With the expansion of the construction market in BRIC countries, construction companies focus on achieving energy-efficiency certifications for their projects, leading to a subsequent rise in demand for energy-efficient elevators and escalators.”

According to the report, the elevator and escalator market in BRIC countries is largely driven by the growth of the construction market. Construction activities are steadily growing in sectors like infrastructure, residential, and commercial. New public infrastructure projects and large-scale residential projects are expected to drive growth in the elevator and escalator market in these countries.

Further, the report states that high manufacturing costs may affect market growth negatively. Elevators and escalators are being equipped with new technologies like closed-circuit television (CCTV) cameras, vibration sensors, and emergency exit systems, which add to the overall manufacturing cost

Companies Mentioned

Hitachi, KONE, Mitsubishi, Otis, Schindler, ThyssenKrupp, Canny Elevator, Express Lifts, Express Lifts, Fujitec, Hyundai Elevator, Johnson Lifts, Kleemann Group, Shenyang Brilliant Elevator.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • BRIC overview
    • Urbanization in BRIC countries
      • Table Urban population in BRIC countries 2010-2014 (millions)
  • Industry overview
    • Elevator and escalator overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain of elevators and escalators in BRIC countries
      • Table Elevator and escalator market in BRIC countries: Supply chain
    • Key investment opportunities in elevator and escalator market in BRIC countries
  • Market landscape
    • Market overview
      • Table CAGR by country 2014-2019
    • Market size and forecast
      • Table Elevator and escalator market in BRIC countries 2014-2019 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Segmentation by product 2014
      • Table Growth rate comparison for elevators and escalators in BRIC countries 2014-2019
    • Elevator market in BRIC countries
      • Table Elevator market in BRIC countries 2014-2019 (units)
    • Escalator market in BRIC countries
      • Table Escalator market in BRIC countries 2014-2019 (units)
  • Geographical segmentation
    • Table Key leading countries
    • Table Geographical segmentation of elevator market in BRIC countries 2014
    • Table Geographical segmentation of escalator market in BRIC countries 2014
    • Elevator and escalator market in China
      • Table Elevators and escalator market in China: Product segmentation 2014
      • Table Elevator and escalator market in China 2014-2019 (units)
      • Table Elevator market in China 2014-2019 (units)
      • Table Escalator market in China 2014-2019 (units)
      • Table Elevator and escalator market in China: Growth rate comparison
    • Elevator and escalator market in India
      • Table Elevator and escalator market in India: Product segmentation 2014
      • Table Elevator and escalator market in India 2014-2019 (units)
      • Table Elevator market in India 2014-2019 (units)
      • Table Escalator market in India 2014-2019 (units)
      • Table Elevator and escalator market in India: Growth rate comparison
      • Table Elevator and escalator market in Brazil: Product segmentation
      • Table Elevator and escalator market in Brazil 2014-2019 (units)
      • Table Elevator market in Brazil 2014-2019 (units)
      • Table Escalators market in Brazil 2014-2019 (units)
      • Table Elevator and escalator market in Brazil: Growth rate comparison
    • Elevator and escalator market in Russia
      • Table Elevator and escalator market in Russia: Product segmentation 2014
      • Table Elevator and escalator market in Russia 2014-2019 (units)
      • Table Elevator market in Russia 2014-2019 (units)
      • Table Escalator market in Russia 2014-2019 (units)
      • Table Elevator and escalator market in Russia: Growth rate comparison
  • Market drivers
    • China
    • India
      • Table Urban population in India 2009-2014 (millions)
      • Table Per-capita income in India 2009-2014 ($)
      • Table Savings rate in India 2009-2014
    • Brazil
    • Russia
      • Table Air passenger traffic in Russia 2010-2014 (millions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • China
    • India
    • Brazil
    • Russia
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • China
    • India
    • Brazil
    • Russia
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Hitachi
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
    • KONE
      • Table Business segmentation by revenue 2014
      • Table Geographical segmentation by revenue 2014
    • itsubishi Electric
      • Table Business segmentation 2015 by revenue
      • Table Geographical segmentation by revenue 2014
    • Otis Elevator
    • Schindler
      • Table Geographical segmentation by revenue 2014
    • ThyssenKrupp
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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