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Global Elevator and Escalator Market 2018-2022

Published: Mar, 2018 | Pages: 126 | Publisher: Technavio
Industry: Construction | Report Format: Electronic (PDF)

The global elevator and escalator market is anticipated to grow at a significant CAGR of close to 8% by 2022. The commercial market for elevator and escalator market is on a rising verge since urbanization is expanding across cities that demand fully developed commercial spaces and residences. In addition, rise in geriatric population acts as a catalyst in the making of elevator and escalator during a construction project. The construction activities took a higher traction in the emerging economies in the last 15 years. From the safety perspective, these equipment are now looked upon with much reliability. 

Elevator and escalator market is driven by rapid urbanization and rise in construction of commercial spaces. Rise in manufacturing units for elevators and escalators is likely to boost the market growth during the forecast period. In addition, technological advances in the maintenance and modernization equipment stimulates the market growth during the forecast period. Rise in aging population and government initiatives are most likely to complement the market growth.

The market is highly segmented based on capacity such as 450kg-1150 kg, 1150kg-1500kg and more than 1500kg to 2000kg. By function, the market is segmented into moving walkaway and moving stairs. Based on carrier type, the market is segmented as freight and passenger. By application segment, the elevator and escalator market is segmented into transportation, parking, hotel and residential. 

Elevator and escalator market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are anticipated in a significant market growth during the forecast period owing to modernization infrastructure and the need for upgradation. 

North America market is likely to gain a higher growth rate due to technological presence, rapid urbanization and advanced construction for commercial spaces. Middle East and African regions are likely to gain a moderately high growth as the infrastructural scenario is now changing and modern methods of construction are been pursued. Though, Middle East is a fast growing region in the elevator and escalator market it still exhibits untapped potential for growth opportunities. 

The key players profiled in the elevator and escalator market are ThyssenKrupp AG, United Technologies Corporation, OTIS Corporation, Mitsubishi Electric Corporation, Toshiba Elevators and Building Systems Corporation, Hyundai Elevator Co Ltd, Fujitec, Hitachi Ltd, Kone Corporation and Schindler Holding Ltd.

This market research report presents a comprehensive analysis of the global elevator and escalator market by products such as elevators and escalators. The report also presents a detailed analysis of the market's growth prospects across regions such as the Americas, APAC, and EMEA.

Our market research analysts predict that in terms of units, this market will grow at a CAGR of close to 8% by 2022.

Segmentation by geography and analysis of the elevator and escalator market
• Americas
• APAC
• EMEA

In terms of geographic regions, EMEA accounted for the majority share of the elevator and escalator market during 2017. Factors such as growth in the construction industry and popularity of smart elevators will trigger the growth of the lift and escalator market in this region during the next four years.

Key questions answered in the report include
• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global elevator and escalator market?
• What are the key market trends impacting the growth of the global elevator and escalator market?
• What are the challenges to market growth?
• Who are the key vendors in the global elevator and escalator market?
• What are the market opportunities and threats faced by the vendors in the global elevator and escalator market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global elevator and escalator market?
 Table of Contents

PART 01:  EXECUTIVE SUMMARY 

PART 02:  SCOPE OF THE REPORT 

PART 03:  RESEARCH METHODOLOGY 

PART 04:  MARKET LANDSCAPE 
• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05:  MARKET SIZING 
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06:  FIVE FORCES ANALYSIS 
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07:  MARKET SEGMENTATION BY PRODUCT 
• Segmentation by product
• Comparison by product
• Elevators - Market size and forecast 2017-2022
• Escalators - Market size and forecast 2017-2022
• Market opportunity by product

PART 08:  CUSTOMER LANDSCAPE 

PART 09:  REGIONAL LANDSCAPE 
• Geographical segmentation
• Regional comparison
• EMEA - Market size and forecast 2017-2022
• APAC - Market size and forecast 2017-2022
• Americas - Market size and forecast 2017-2022
• Key leading countries
• Market opportunity

PART 10:  DECISION FRAMEWORK 

PART 11:  DRIVERS AND CHALLENGES 
• Market drivers
• Market challenges

PART 12:  MARKET TRENDS 
• Elevator maintenance using IoT platform
• Use of regenerative drives
• LEED certification enabling energy-efficient elevators and escalators

PART 13:  VENDOR LANDSCAPE 
• Overview
• Landscape disruption
• Competitive scenario

PART 14:  VENDOR ANALYSIS 
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Hitachi
• KONE CORPORATION
• Mitsubishi Electric
• Otis Elevator Company (UNITED TECHNOLOGIES)
• Schindler
• thyssenkrupp

PART 15:  APPENDIX 
• List of abbreviations

List of Exhibits

Exhibit 01:  Related market  
Exhibit 02:  Global XYZ market  
Exhibit 03:  Market characteristics  
Exhibit 04:  Market segments  
Exhibit 05:  Market definition - Inclusions and exclusions checklist  
Exhibit 06:  Market size 2017  
Exhibit 07:  Validation techniques employed for market sizing 2017  
Exhibit 08:  Global - Market size and forecast 2017-2022 ($ mn)  
Exhibit 09:  Global urban population as a percentage of the total population 2008-2015 (%)  
Exhibit 10:  Global - Year over year growth 2018-2022 (%)  
Exhibit 11:  Growth of global spending in social infrastructure 2016-2021 (%)  
Exhibit 12:  Global transportation infrastructure spending 2016-2020 (%)  
Exhibit 13:  International tourism, number of arrivals 2010-2015  
Exhibit 14:  Major skyscraper projects undergoing across the globe  
Exhibit 15:  Five forces analysis 2017  
Exhibit 16:  Five forces analysis 2022  
Exhibit 17:  Bargaining power of buyers  
Exhibit 18:  Bargaining power of suppliers  
Exhibit 19:  Threat of new entrants  
Exhibit 20:  Threat of substitutes  
Exhibit 21:  Threat of rivalry  
Exhibit 22:  Market condition - Five forces 2017  
Exhibit 23:  Product - Market share 2017-2022 (%)  
Exhibit 24:  Comparison by product  
Exhibit 25:  Product 1 - Market size and forecast 2017-2022 ($ mn)  
Exhibit 26:  Elevator - Year over year growth 2018-2022 (%)  
Exhibit 27:  Product 2 - Market size and forecast 2017-2022 ($ mn)  
Exhibit 28:  Product 2 - Year over year growth 2018-2022 (%)  
Exhibit 29:  Market opportunity by application  
Exhibit 30:  Customer landscape  
Exhibit 31:  Global - Market share by geography 2017-2022 (%)  
Exhibit 32:  Regional comparison  
Exhibit 33:  
Exhibit 34:  Americas - Market size and forecast 2017-2022 ($ mn)  
Exhibit 35:  Average monthly new privately owned housing units started in the U.S, (Thousands of Units)  
Exhibit 36:  Skyscrapers under construction in Canada  
Exhibit 37:  Americas - Year over year growth 2018-2022 (%)  
Exhibit 38:  EMEA - Market size and forecast 2017-2022 ($ mn)  
Exhibit 39:  Building permits issued index in EU, 2010=100  
Exhibit 40:  Long-term interest rates (Total, % per annum)  
Exhibit 41:  EMEA - Year over year growth 2018-2022 (%)  
Exhibit 42:  APAC - Market size and forecast 2017-2022 ($ mn)  
Exhibit 43:  Urban population (% of total) in APAC and the World 2008-2015 (%)  
Exhibit 44:  APAC - Year over year growth 2018-2022 (%)  
Exhibit 45:  Key leading countries  
Exhibit 46:  Market opportunity  
Exhibit 47:  Major skyscraper projects under construction worldwide  
Exhibit 48:  Interest rates (% per annum)  
Exhibit 49:  Project pilot cities, where project experts in cooperation with local authorities will collect data and prepare city profiles  
Exhibit 50:  Anticipated incremental growth in global smart cities market 2017-2026  
Exhibit 51:  Description of predictive and prescriptive maintenance  
Exhibit 52:  Vendor landscape  
Exhibit 53:  Landscape disruption  
Exhibit 54:  Vendors covered  
Exhibit 55:  Vendor classification  
Exhibit 56:  Market positioning of vendors  
Exhibit 57:  Ammann - Vendor overview  
Exhibit 58:  Vendor 1 - Business segments  
Exhibit 59:  Ammann - Organizational developments  
Exhibit 60:  Ammann - Geographic focus  
Exhibit 61:  Ammann - Segment focus  
Exhibit 62:  Vendor 1 - Key offerings  
Exhibit 63:  Vendor 1 - Key customers  
Exhibit 64:  Ammann - Vendor overview  
Exhibit 65:  Vendor 1 - Business segments  
Exhibit 66:  Ammann - Organizational developments  
Exhibit 67:  Ammann - Geographic focus  
Exhibit 68:  Ammann - Segment focus  
Exhibit 69:  Vendor 1 - Key offerings  
Exhibit 70:  Vendor 1 - Key customers  
Exhibit 71:  Ammann - Vendor overview  
Exhibit 72:  Vendor 1 - Business segments  
Exhibit 73:  Ammann - Organizational developments  
Exhibit 74:  Ammann - Geographic focus  
Exhibit 75:  Ammann - Segment focus 
Exhibit 76:  Vendor 1 - Key offerings  
Exhibit 77:  Vendor 1 - Key customers  
Exhibit 78:  Ammann - Vendor overview  
Exhibit 79:  Vendor 1 - Business segments  
Exhibit 80:  Ammann - Organizational developments  
Exhibit 81:  Ammann - Geographic focus  
Exhibit 82:  Ammann - Segment focus  
Exhibit 83:  Vendor 1 - Key offerings  
Exhibit 84:  Vendor 1 - Key customers  
Exhibit 85:  Ammann - Vendor overview  
Exhibit 86:  Vendor 1 - Business segments 
Exhibit 87:  Ammann - Organizational developments  
Exhibit 88:  Ammann - Geographic focus  
Exhibit 89:  Ammann - Segment focus  
Exhibit 90:  Vendor 1 - Key offerings  
Exhibit 91:  Vendor 1 - Key customers  
Exhibit 92:  Ammann - Vendor overview  
Exhibit 93:  Vendor 1 - Business segments  
Exhibit 94:  Ammann - Organizational developments  
Exhibit 95:  Ammann - Geographic focus  
Exhibit 96:  Ammann - Segment focus  
Exhibit 97:  Vendor 1 - Key offerings  
Exhibit 98:  Vendor 1 - Key customers

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