Report Description

Germany elevator & escalator market is expected to be valued over USD 7.28 Billion, in terms of value by 2027. Key factors propelling the growth of Germany elevator & escalator market include booming construction sector and increasing investment by government on infrastructural development including construction of high speed rail network connecting major cities. Moreover, construction of new hotels and retail spaces across the country owing to growth in tourism sector are also leading to the growth of elevator & escalator market in Germany. The country is now witnessing rise in demand for energy efficient green elevators and escalators which is pushing manufacturers to adopt latest technologies, thereby, driving the elevator and escalator market.

Germany elevator & escalator market can be segmented based on type, service, elevator technology, elevator door, end user and region. Based on end user, the market can be categorized into residential, commercial, institutional, infrastructural and others. Among them, the residential sector is expected to dominate the market during the forecast period and hold 55.38% market share by 2027. The reasons can be attributed to high influx of refugees and high rate of immigration in the country.

Major companies operating in Germany elevator & escalator market include KONE Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding Ltd., Fujitec Company Limited and Thyssenkrupp AG, among others. Manufacturers are investing on latest technologies and focusing on compact designs. They are also undergoing both organic and inorganic growth strategies such as new product launches, mergers & acquisitions of small companies, partnerships and collaborations in order to increase their share in Germany elevator & escalator market.

Objective of the Study:

  • To analyse and forecast the market size of Germany elevator & escalator market.
  • To forecast Germany elevator & escalator market based on type, service, elevator technology, elevator door, end user, company and regional distribution.
  • To identify drivers and challenges for Germany elevator & escalator market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Germany elevator & escalator market.
  • To identify and analyse the profile of leading players operating in the Germany elevator & escalator market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator & escalator companies across Germany. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated Germany elevator & escalator market size using a bottom-up approach, where data for various end users and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Elevator & escalator manufacturers/companies/partners
  • Suppliers and distributers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to elevator & escalator market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as escalator & elevator manufacturing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.



Base Year


Historical Years

2017 – 2020

Estimated Year


Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Service

·         Elevator Technology

·         Elevator Door Type

·         End User

Region Scope

Northwest, Northeast, Southwest, Southeast

Key Companies Profiled

KONE Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding Ltd., Fujitec Company Limited and thyssenkrupp AG.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Germany Elevator & Escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Germany Elevator & Escalator Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • Germany Elevator & Escalator Market, By Service:
    • New Installation
    • Modernization and Maintenance & Repair
  • Germany Elevator & Escalator Market, By Elevator Technology:
    • Traction & Machine Room-Less (MRL) Traction
    • Hydraulic
  • Germany Elevator & Escalator Market, By Elevator Door Type:
    • Automatic
  • Germany Elevator & Escalator Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others
  • Germany Elevator & Escalator Market, By Region:
    • Northwest
    • Northeast
    • Southwest
    • Southeast

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Germany elevator & escalator market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Germany Elevator & Escalator Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

5.4.  Annual Maintenance Service

6.    Germany Elevator & Escalator Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Elevator, Escalator and Moving Walkways)

6.2.2.     By Service (New Installation, Modernization and Maintenance & Repair)

6.2.3.     By Elevator Technology (Traction & Machine Room-Less (MRL) Traction and Hydraulic)

6.2.4.     By Elevator Door Type (Automatic and Manual)

6.2.5.     By End User (Residential, Commercial, Institutional, Infrastructural and Others)

6.2.6.     By Region

6.2.7.     By Company (2022)

6.3.  Product Market Map

7.    Germany Modernization and Maintenance & Repair Elevator & Escalator Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End User

8.    Germany New Installation Elevator & Escalator Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Size & Forecast

8.2.1.     By Value & Volume

8.3.  Market Share & Forecast

8.3.1.     By Type

8.3.2.     By End User

9.    Market Dynamics

9.1.     Drivers/Opportunities

9.2.     Challenges/Restraints

10.  Trade Dynamics

11.  Value Chain Analysis

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Germany Economic Profile

15.  Competitive Landscape

15.1.    Competition Outlook

15.2.    Company Profiles (Partial List of Leading Companies)

15.2.1.  KONE Corporation      Company Overview      Products & Services      Financials (If available)      Current & Future Strategy      Key Management      Contact Details

15.2.2.  Schmitt + Sohn

15.2.3.  Otis Elevator Company (UTC)

15.2.4.  Schindler Holding Ltd.

15.2.5.  Fujitec Company Limited

15.2.6.  thyssenkrupp AG

16. Strategic Recommendations

Figures and Tables

Frequently asked questions


Expanding construction industry, rising demand for multi-storied residential infrastructure, and increased construction of skyscrapers, and high rise commercial building are some of the major factors driving the growth of the Germany elevator & escalator market in the forecast period, 2023-2027


KONE Corporation, Schmitt + Sohn, Otis Elevator Company (UTC), Schindler Holding Ltd., Fujitec Company Limited and Thyssenkrupp AG, among others are some of the leading companies dedicated toward providing related products and services and support the future growth of the Germany elevator & escalator market in the upcoming five years


New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments


The Germany elevator & escalator market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027


Srishti Verma

Business Consultant
Press Release

Germany Elevator & Escalator Market to be Valued over USD 7 Billion by 2026

May, 2021

Increasing construction of high-rise buildings and demand for energy-efficient products are some major factors driving the growth of Germany elevator & escalator market.