Elevators and Escalators Market Research Report– Forecast 2027

Elevators and Escalators Market Research Report, Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine room-Less, Hydraulic), End User and Region - Forecast Till 2027

ID: MRFR/CO/4070-HCR | February 2021 | Region: Global | 100 pages

Impact of COVID-19 on the Global Elevators and Escalators Market
Elevators and Escalators Market


The elevators and escalators market has been negatively impacted in recent months owing to the lockdowns imposed in the majority of the countries due to the outbreak of the COVID-19 pandemic in December 2019. Several countries, including Italy, the US, and India, have witnessed curfew-like situations where businesses (except essential services) were not allowed to operate. Also, the impact of the COVID-19 outbreak has slowed down the growth of the construction industry in recent months, causing delays, which can be attributed to several disrupted supply chains. Most commercial construction projects were ordered to be shut down to curb the spread of the virus. The factors mentioned above have significantly impacted the demand for elevators and escalators in the last few months. The elevator & escalator manufacturers and the overall construction industry are expected to face several challenges as most of the commercial projects are likely to be left incomplete or be delayed owing to supply chain disruptions, cash flow constraints, unavailability of the workforce, and production shutdown. The halt in construction activity at project sites has further put an additional financial strain on several manufacturers and developers.


The demand for elevators and escalators is anticipated to increase in the coming months as several governments prepare to lift the lockdowns in a phased manner. As the lockdowns gradually come to an end, the construction industry is anticipated to grow, though not at the same pace as compared to the last few years. As the commercial projects restart globally, the demand for elevators and escalators is anticipated to grow in the coming months. The elevators and escalators market is expected to rebound in the first quarter of 2021 and grow at a significant CAGR in the next five years with China, being the leader in the global elevators and escalators market.


FDI INVESTMENTs IN TOP COUNTRIES, 20162019 (USD MILLION)

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Elevators and Escalators Market, By Type

5.1 Introduction

5.2 Elevators

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Escalators

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Moving Walkways

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Elevators and Escalators Market, By Elevator Technology

6.1 Introduction

6.2 Traction

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Machine room-Less

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Hydraulic

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Elevators and Escalators Market, By Services

7.1 Introduction

7.2 New Installation

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Maintenance & Repair

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Elevators and Escalators Market, By End User

8.1 Introduction

8.2 Residential

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Non-Residential

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9 Global Elevators and Escalators Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2019-2023

9.2.2 Market Estimates & Forecast by Type, 2019-2023

9.2.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.4 Market Estimates & Forecast by Services, 2019-2023

9.2.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.6 The U.S.

9.2.6.1 Market Estimates & Forecast, 2019-2023

9.2.6.2 Market Estimates & Forecast by Type, 2019-2023

9.2.6.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.6.4 Market Estimates & Forecast by Services, 2019-2023

9.2.6.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2019-2023

9.2.7.2 Market Estimates & Forecast by Type, 2019-2023

9.2.7.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.7.4 Market Estimates & Forecast by Services, 2019-2023

9.2.7.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2019-2023

9.3.2 Market Estimates & Forecast by Type, 2019-2023

9.3.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.4 Market Estimates & Forecast by Services, 2019-2023

9.3.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.6 U.K

9.3.6.1 Market Estimates & Forecast, 2019-2023

9.3.6.2 Market Estimates & Forecast by Type, 2019-2023

9.3.6.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.2.6.4 Market Estimates & Forecast by Services, 2019-2023

9.2.6.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.7 Germany

9.3.7.1 Market Estimates & Forecast, 2019-2023

9.3.7.2 Market Estimates & Forecast by Type, 2019-2023

9.3.7.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.7.4 Market Estimates & Forecast by Services, 2019-2023

9.3.7.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.8 France

9.3.8.1 Market Estimates & Forecast, 2019-2023

9.3.8.2 Market Estimates & Forecast by Type, 2019-2023

9.3.8.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.8.4 Market Estimates & Forecast by Services, 2019-2023

9.3.8.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.9 Italy

9.3.9.1 Market Estimates & Forecast, 2019-2023

9.3.9.2 Market Estimates & Forecast by Type, 2019-2023

9.3.9.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.9.4 Market Estimates & Forecast by Services, 2019-2023

9.3.9.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2019-2023

9.3.10.2 Market Estimates & Forecast by Type, 2019-2023

9.3.10.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.3.10.4 Market Estimates & Forecast by Services, 2019-2023

9.3.10.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2019-2023

9.4.2 Market Estimates & Forecast by Type, 2019-2023

9.4.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.4 Market Estimates & Forecast by Services, 2019-2023

9.4.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2019-2023

9.4.6.2 Market Estimates & Forecast by Type, 2019-2023

9.4.6.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.6.4 Market Estimates & Forecast by Services, 2019-2023

9.4.6.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2019-2023

9.4.7.2 Market Estimates & Forecast by Type, 2019-2023

9.4.7.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.7.4 Market Estimates & Forecast by Services, 2019-2023

9.4.7.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.8 India

9.4.8.1 Market Estimates & Forecast, 2019-2023

9.4.8.2 Market Estimates & Forecast by Type, 2019-2023

9.4.8.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.8.4 Market Estimates & Forecast by Services 2019-2023

9.4.8.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2019-2023

9.4.9.2 Market Estimates & Forecast by Type, 2019-2023

9.4.9.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.4.9.4 Market Estimates & Forecast by Services, 2019-2023

9.4.9.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2019-2023

9.5.2 Market Estimates & Forecast by Type, 2019-2023

9.5.3 Market Estimates & Forecast by Elevator Technology, 2019-2023

9.5.4 Market Estimates & Forecast by Services, 2019-2023

9.5.5 Market Estimates & Forecast by Elevator Technology, 2019-2023

10 Competitive Landscape

11 Company Profile

11.1 KONE Corporation

11.1.1 Company Overview

11.1.2 Products/Services Offering

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Strategy

11.1.6 SWOT Analysis

11.2 Sigma Elevator Company

11.2.1 Company Overview

11.2.2 Products/Services Offering

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Strategy

11.2.6 SWOT Analysis

11.3 Otis Elevator Company

11.3.1 Company Overview

11.3.2 Products/Services Offering

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Strategy

11.3.6 SWOT Analysis

11.4 United Technologies

11.4.1 Company Overview

11.4.2 Products/Services Offering

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Strategy

11.4.6 SWOT Analysis

11.5 Schindler

11.5.1 Company Overview

11.5.2 Products/Services Offering

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Strategy

11.5.6 SWOT Analysis

11.6 Mitsubishi Electric Corporation

11.6.1 Company Overview

11.6.2 Products/Services Offering

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Strategy

11.6.6 SWOT Analysis

11.7 ThyssenKrupp AG

11.7.1 Company Overview

11.7.2 Products/Services Offering

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Strategy

11.7.6 SWOT Analysis

11.8 FUJITEC

11.8.1 Company Overview

11.8.2 Products/Services Offering

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Strategy

11.8.6 SWOT Analysis

11.9 Hitachi Ltd

11.9.1 Company Overview

11.9.2 Products/Services Offering

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Strategy

11.9.6 SWOT Analysis

11.10 Hyundai Elevator Co., Ltd

11.10.1 Company Overview

11.10.2 Products/Services Offering

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Strategy

11.10.6 SWOT Analysis

11.11 Toshiba Elevator And Building Systems Corporation

11.11.1 Company Overview

11.11.2 Products/Services Offering

11.11.3 Financial Overview

11.11.4 Key Developments

11.11.5 Strategy

11.11.6 SWOT Analysis

11.7 Stein Ltd

11.12.1 Company Overview

11.12.2 Products/Services Offering

11.12.3 Financial Overview

11.12.4 Key Developments

11.12.5 Strategy

11.12.6 SWOT Analysis

11.8 PAPPAS Elevators

11.13.1 Company Overview

11.13.2 Products/Services Offering

11.13.3 Financial Overview

11.13.4 Key Developments

11.13.5 Strategy

11.13.6 SWOT Analysis

11.9 Gulf Elevator & Escalator Co. Ltd

11.14.1 Company Overview

11.14.2 Products/Services Offering

11.14.3 Financial Overview

11.14.4 Key Developments

11.14.5 Strategy

11.14.6 SWOT Analysis

11.15 Electra Ltd.

11.15.1 Company Overview

11.15.2 Products/Services Offering

11.15.3 Financial Overview

11.15.4 Key Developments

11.15.5 Strategy

11.15.6 SWOT Analysis  


List of Tables

Table 1 Global Elevators and Escalators Market: By Region, 2020-2027

Table 2 North America Elevators and Escalators Market: By Country, 2020-2027

Table 3 Europe Elevators and Escalators Market: By Country, 2020-2027

Table 4 Asia Pacific Elevators and Escalators Market: By Country, 2020-2027

Table 5 RoW Elevators and Escalators Market: By Country, 2020-2027

Table 6 Global Elevators and Escalators Market, By Type, By Regions, 2020-2027

Table 7 North America Elevators and Escalators Market, By Type, By Country, 2020-2027

Table 8 Europe Elevators and Escalators Market, By Type, By Country, 2020-2027

Table 9 Asia Pacific Elevators and Escalators Market by Type, By Country, 2020-2027

Table 10 RoW Elevators and Escalators Market by Type, By Country, 2020-2027

Table 11 Global Elevators and Escalators by Elevator Technology Market: By Regions, 2020-2027

Table 12 North America Elevators and Escalators Market by Elevator Technology: By Country, 2020-2027

Table 13 Europe Elevators and Escalators Market by Elevator Technology: By Country, 2020-2027

Table 14 Asia Pacific Elevators and Escalators Market by Elevator Technology: By Country, 2020-2027

Table 15 RoW Elevators and Escalators Market by Elevator Technology: By Country, 2020-2027

Table 16 Global Elevators and Escalators by Services Market: By Regions, 2020-2027

Table 17 North America Elevators and Escalators Market by Services: By Country, 2020-2027

Table 18 Europe Elevators and Escalators Market by Services: By Country, 2020-2027

Table 19 Asia Pacific Elevators and Escalators Market by Services: By Country, 2020-2027

Table 20 RoW Elevators and Escalators Market by Services: By Country, 2020-2027

Table 21 Global Elevators and Escalators by End User Market: By Regions, 2020-2027

Table 22 North America Elevators and Escalators Market by End User: By Country, 2020-2027

Table 23 Europe Elevators and Escalators Market by End User: By Country, 2020-2027

Table 24 Asia Pacific Elevators and Escalators Market by End User: By Country, 2020-2027

Table 25 RoW Elevators and Escalators Market by End User: By Country, 2020-2027

Table 26 Global Elevators and Escalators Market: By Region, 2020-2027

Table 27 Global Elevators and Escalators Market: By Type, 2020-2027

Table 18 Global Elevators and Escalators Market: By Elevator Technology, 2020-2027

Table 27 Global Elevators and Escalators Market: By Services, 2020-2027

Table 18 Global Elevators and Escalators Market: By End User, 2020-2027

Table 19 North America Elevators and Escalators Market, By Country

Table 20 North America Elevators and Escalators Market, By Type

Table 21 North America Elevators and Escalators Market, By Elevator Technology

Table 20 North America Elevators and Escalators Market, By Services

Table 21 North America Elevators and Escalators Market, By End User

Table 22 Europe: Elevators and Escalators Market, By Country

Table 23 Europe: Elevators and Escalators Market, By Type

Table 24 Europe: Elevators and Escalators Market, By Elevator Technology

Table 25 Europe: Elevators and Escalators Market, By Services

Table 26 Europe: Elevators and Escalators Market, By End User

Table 27 Asia Pacific: Elevators and Escalators Market, By Country

Table 28 Asia Pacific: Elevators and Escalators Market, By Type

Table 29 Asia Pacific: Elevators and Escalators Market, By Elevator Technology

Table 30 Asia Pacific: Elevators and Escalators Market, By Services

Table 31 Asia Pacific: Elevators and Escalators Market, By End User

Table 32 RoW: Elevators and Escalators Market, By Region

Table 33 RoW Elevators and Escalators Market, By Type

Table 34 RoW Elevators and Escalators Market, By Elevator Technology

Table 35 RoW Elevators and Escalators Market, By Services

Table 36 RoW Elevators and Escalators Market, By End User


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top down & Bottom up Approach

FIGURE 3 Market Dynamics

FIGURE 4 impact analysis: market drivers

FIGURE 5 impact analysis: market restraints

FIGURE 6 porter’s five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Elevators and Escalators Market SHARE, By Type, 2020 (%)

FIGURE 9 Global Elevators and Escalators Market, By Type, 2020-2027 (USD MILLION)

FIGURE 10 Global Elevators and Escalators Market SHARE, By Elevator Technology, 2020 (%)

FIGURE 11 Global Elevators and Escalators Market, By Elevator Technology, 2020-2027 (USD MILLION)

FIGURE 12 Global Elevators and Escalators Market SHARE, By Services, 2020 (%)

FIGURE 13 Global Elevators and Escalators Market, By Services, 2020-2027 (USD MILLION)

FIGURE 14 Global Elevators and Escalators Market SHARE, By End User, 2020 (%)

FIGURE 15 Global Elevators and Escalators Market, By End User, 2020-2027 (USD MILLION

FIGURE 16 Global Elevators and Escalators Market SHARE (%), BY REGION, 2020

FIGURE 17 Global Elevators and Escalators Market, BY REGION, 2020-2027 (USD MILLION)

FIGURE 18 North America Elevators and Escalators Market SHARE (%), 2020

FIGURE 19 North America Elevators and Escalators Market BY Country, 2020-2027 (USD MILLION)

FIGURE 20 Europe Elevators and Escalators Market SHARE (%), 2020

FIGURE 21 Europe Elevators and Escalators Market BY Country, 2020-2027 (USD MILLION)

FIGURE 22 Asia Pacific Elevators and Escalators Market SHARE (%), 2020

FIGURE 23 Asia Pacific Elevators and Escalators Market BY Country, 2020-2027 (USD MILLION)

FIGURE 24 Rest of the World Elevators and Escalators Market SHARE (%), 2020

FIGURE 25 Rest of the World Elevators and Escalators Market BY Country, 2020-2027 (USD MILLION)