Elevator and Escalator Market Growth, Demand and Challenges of the Key Industry Players 2024-32

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Global Elevator and Escalator Market Research and
Forecast Report 2024-2032

• Format PDFEXCEL

2023 IMARC All Rights Reserved
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About IMARC Group

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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled "Elevator and Escalator Market Global
  Industry Trends, Share, Size, Growth, Opportunity
  and Forecast 2024-2032," the global elevator and
  escalator market size reached US 154.0 Billion
  in 2023.
• Factors Affecting the Growth of the Elevator and
  Escalator Industry
• Thriving Construction Industry
• The growing demand for elevator and escalator
  systems on account of the thriving construction
  industry is offering a positive market outlook.
  In addition, there is a rise in the number of
  residential buildings, offices, complexes,
  airports, and shopping malls due to rapid
  urbanization across the globe.
• Apart from this, these systems provide enhanced
  convenience and mobility to people. Moreover,
  they assist in saving time by efficiently moving
  large number of people from one level of a
  building to another level, which is impelling the
  market growth.

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Report Highlight and Description

• Technological Advancements
• Technological advancements in elevator and
  escalator systems, such as the integration of the
  Internet of Things (IoT) connectivity, to provide
  predictive maintenance solutions is bolstering
  the growth of the market. In addition, predictive
  maintenance technology monitors equipment health,
  minimizes downtime, and enhances the reliability
  of these systems.
• Besides this, energy-efficient features like
  regenerative drives and recover and reuse energy
  assist in reducing operating costs and
  environmental impact. These advancements enhance
  user experience, increase safety, and promote
  sustainability, making elevator and escalator
  systems essential in modern buildings and urban
  infrastructures.
• Rising Demand for Eco-Friendly Elevators and
  Escalators
• The rising demand for eco-friendly elevator and
  escalator systems to maintain environmental
  sustainability is strengthening the growth of the
  market.

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Report Highlight and Description

• In line with this, eco-friendly models
  incorporate energy-efficient technologies, such
  as regenerative drives and light emitting diode
  (LED) lighting, to reduce power consumption. They
  can also minimize carbon emissions and lower
  operational costs for building owners.
  Additionally, the rising focus on green building
  practices and energy conservation is propelling
  the market growth. Furthermore, people are
  increasingly seeking environment-friendly
  solutions that align with modern sustainability
  standards.
• Request for a PDF sample of this report
  https//www.imarcgroup.com/elevator-escalator-mark
  et/requestsample

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Report Description

• Global Elevator and Escalator Market Trends
• Key manufacturers are investing in research and
  development (RD) activities to meet the safety
  requirements of people. The integration of
  features like redundant safety systems, emergency
  communication devices, and automatic rescue
  devices in elevator and escalator systems is
  impelling the market growth.
• Regular maintenance is crucial to ensure the
  safety and reliability of these systems.
  Additionally, upgrading older systems with
  energy-efficient technology and improved safety
  features is a cost-effective solution.
  Furthermore, the rising focus on updating new
  elevator and escalator systems with advanced
  systems is propelling the market growth.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/elevator-escalator-mark
  et

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Report Segmentation

• Breakup by Type
• Elevators
• Escalators
• Moving Walkways
• Breakup by Service
• New Installation
• Maintenance and Repair
• Modernization
• Breakup by End Use
• Residential
• Commercial

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Report Segmentation

• Offices
• Hospitality
• Mixed Block
• Others
• Breakup by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• Canny Elevator Co. Ltd.
• Electra Elevators
• Fujitec Co. Ltd.
• Gulf Elevators Escalators Co. Ltd.
• Hitachi Ltd.
• Hyundai Elevator Co. Ltd.
• Johnson Lifts Private Limited
• Kleemann Group
• KONE Corporation
• Mitsubishi Electric Corporation
• Otis Elevator Company (I). Ltd (Otis Worldwide
  Corporation)
• Schindler Holding Ltd.
• Sigma Elevator Company
• Toshiba Elevator and Building Systems Corporation
  (Toshiba Corporation)

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Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global Elevator and
  Escalator Market    5.1    Market Overview   
  5.2    Market Performance    5.3    Impact of
  COVID-19  5.4    Market Forecast
• 6     Market Breakup by Type
• 6.1 Elevators
• 6.1.1 Market Trends
• 6.1.2 Market Forecast
• 6.2 Escalators
• 6.2.1 Market Trends
• 6.2.2 Market Forecast
• 6.3 Moving Walkways
• 6.3.1 Market Trends
• 6.3.2 Market Forecast
• 7 Market Breakup by Service       

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Table of Contents

• 7.1 New Installation
• 7.1.1 Market Trends
• 7.1.2 Market Forecast
• 7.2 Maintenance and Repair
• 7.2.1 Market Trends
• 7.2.2 Market Forecast
• 7.3 Modernization
• 7.3.1 Market Trends
• 7.3.2 Market Forecast
• 8 Market Breakup by End Use
• 8.1 Residential
• 8.1.1 Market Trends
• 8.1.2 Market Forecast
• 8.2 Commercial
• 8.2.1 Market Trends
• 8.2.2 Key Segments
• 8.2.2.1 Offices
• 8.2.2.2 Hospitality
• 8.2.2.3 Mixed Block

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Partial List of Clients
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Partial List of Clients
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