Elevators and  Escalators Market in the US 2015-2019

Elevators and  Escalators Market in the US 2015-2019

About elevators and escalators

Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in commercial, residential, and mixed-used buildings. They are also installed in public places to improve vehicle parking management.

Technavio's analysts forecast the elevator and escalator market in the US to grow at a CAGR of 0.71%, in terms of new installed units, over the period 2014-2019.

Covered in this report

In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in the US for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in the US. It also outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

Technavio's report, Elevator and Escalator Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.

Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • KONE US
  • Mitsubishi Electric US
  • Otis Elevator
  • Schindler US
  • ThyssenKrupp Elevator Americas
Other prominent vendors
  • American Crescent Elevator
  • Excel Elevator and Escalator
  • Fujitec America
  • GEDA
Market driver
  • Development in residential and commercial segments
  • For a full, detailed list, view our report
Market challenge
  • Expensive raw materials
  • For a full, detailed list, view our report
Market trend
  • Increase in MRL elevators
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in USA: KONE US, Mitsubishi Electric US, Otis Elevator, Schindler US and ThyssenKrupp Elevator Americas

Other Prominent Vendors in the market are: American Crescent Elevator, Excel Elevator and Escalator, Fujitec America and GEDA

Commenting on the report, an analyst from Technavio’s team said: “Because of the advantages of MRL lifts, not only in terms safety but also in general, manufacturers in the US have gradually started to increase their production. The major advantages of these elevators are that there is no need for additional space or an operator. Further, since they are gearless, fewer mechanical parts are installed, leading to lower power consumption and maintenance costs. The gear system is replaced with a roller-shoe suspension, which enables a smooth ride and landing.”

According to the report, age is a major factor that influences the use of elevators and escalators. There has been a decrease in the mortality rate since 2001, leading to a considerable increase in the aging population of US. In 2014, approximately $40 billion was invested by the US government in healthcare infrastructure and facilities.

Further, the report states that steel, copper, and aluminum form the basic raw materials for the manufacture of elevator and escalator parts. The demand for elevators and escalators is expected to be moderate during the forecast period.

Companies Mentioned

KONE US, Mitsubishi Electric US, Otis Elevator, Schindler US, ThyssenKrupp Elevator Americas, American Crescent Elevator, Excel Elevator and Escalator, Fujitec America, GEDA

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Country overview
    • Overview of elevators and escalators
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
      • Table Elevators and escalators supply chain
      • Table Key investment opportunities in the elevator and escalator market in US
  • Market landscape
    • Market share of elevators and escalators in the US by newly installed units
      • Table Market share of elevators and escalators in the US by newly installed units 2014-2019
      • Table Size and forecast of elevators and escalators market in the US by newly installed units 2014-2019
      • Table Size and forecast of elevators and escalators market in the US by revenue ($ billions) 2014-2019
      • Table Elevator and escalator market in the US segmentation by end-user 2014
    • Five forces analysis
      • Table Five forces analysis
  • Elevator and escalator market in the US
    • Elevator market size and forecast in US
      • Table Elevator market size and forecast in the US by new units 2014-2019
      • Table Top 10 upcoming commercial projects in the US
      • Table Top 10 upcoming residential projects in the US
      • Table Elevator market in US segmentation by technology 2014
    • Escalator market size and forecast in the US
      • Table Escalator market size and forecast in the US by new units 2014-2019
  • Market drivers
    • Development in the residential and commercial segments
      • Table Top 10 tallest buildings to complete construction during the forecasted period
    • Maintenance and modernization of existing elevators
      • Table Elevator segmentation according to phase 2014
    • Aging population
      • Table US population segmentation by age group 2010-2013 (in millions)
      • Table Population segmentation by age 2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost of raw materials
    • Need for infrastructure upgrades
      • Table List of buildings that collapsed in the US 2004-2014
      • Table Investment in the US construction market ($ billions) 2011-2014
    • Intense competition
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in adoption of MRL elevators
    • Development of energy-efficient elevators
    • Use of transit management systems
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
  • Key vendor analysis
    • KONE U.S.
      • Table Kone U.S.: Product segmentation
    • Mitsubishi Electric Elevators US
      • Table Mitsubishi Electric Elevators US: Business segmentation
    • Otis Elevator
    • Schindler
    • ThyssenKrupp Elevator Americas
      • Table Business segmentation
  • Explore Technavio

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