Report Description

Global Elevator & Escalator Market By Type (Elevator, Escalator and Moving Walk Ways), By Service, By Elevator Technology, By End-User, By Elevator Door Type, By Region, Competition Forecast & Opportunities, 2013 - 2023

  • Publish Date:December, 2018
  • Format : PDF
  • Pages : 359
  • Industry : Infrastructure

Global elevator & escalator market is projected to grow from $ 77 billion in 2017 to around $ 103 billion by 2023, owing to rising urbanization, growing construction and infrastructure sectors, and increasing number of high-rise building projects across the globe. Some of the other factors that are expected to positively influence the market in the coming years include improving after sales services, proactive maintenance & modernization of equipment, and rising market competition coupled with growing partnerships and mergers & acquisitions. Asia-Pacific is the major demand generating region for elevators & escalators, globally, followed by Europe and North America.  

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • The primary objective of the study is to understand and gain insights about global elevator & escalator market and its segmental analysis by type, by service, by elevator technology, by end-user, by elevator door type, by region and by company.
  • To estimate and forecast global elevator & escalator market size.
  • To categorize and forecast global elevator & escalator market by type - elevator, escalator and moving walk ways.
  • To categorize and forecast global elevator & escalator market by service -maintenance & repair, new installation and modernization.
  • To categorize and forecast global elevator & escalator market by elevator technology including traction, hydraulic and machine room-less traction.
  • To categorize and forecast global elevator & escalator market by end-user - residential, commercial, institutional, infrastructure and others.
  • To categorize and forecast global elevator & escalator market by elevator door type - automatic and manual.
  • To categorize and forecast global elevator & escalator market by region such as Asia-Pacific, Europe, North America, South America and Middle East & Africa.
  • To identify major drivers & challenges for global elevator & escalator market.
  • To identify major trends in global elevator & escalator market.
  • To profile major companies operating in global elevator & escalator market.


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Some of the major players operating in global elevator & escalator market are United Technologies Corporation, Schindler Holding Ltd., KONE Corporation, thyssenkrupp AG, Mitsubishi Electric Corporation, Canny Elevator Co., Ltd, Hitachi Group, Fujitec Company Limited, Hyundai Elevators, and Shanghai Mechanical & Electrical Group.

To analyze and forecast global elevator & escalator market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in global elevator & escalator market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for elevators & escalators, globally. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned in the country were identified.

Various secondary sources such as white papers and secondary literature on elevators & escalators, National Bureau of Statistics of China, Central Statistics Office India, Canada Statistics, MEED, General Authority for Statistics, Saudi Arabia, annual reports, investor presentation, International Monetary Fund and World Bank were also studied by TechSci Research.

Key Target Audience:

  • Elevator & escalator manufacturers, distributors and other stakeholders
  • Maintenance & repair companies
  • Organizations, forums and alliances related to elevator & escalator market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms


The study is essential in delivering useful information to industry stakeholders such as manufacturing companies, assembling companies, distributors and end users related to elevator & escalator market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.

Report Scope:

In this report, global elevator & escalator market has been segmented into the following categories in addition to the industry trends which have also been listed below:

  • Market, by Type:
    • Elevator
    • Escalator
    • Moving Walk Ways
  • Market, by Service:
    • Maintenance & Repair
    • New Installation
    • Modernization
  • Market, by Elevator Technology:
    • Traction
    • Hydraulic
    • Machine Room-Less Traction
  • Market, by End-User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructure
    • Others
  • Market, by Elevator Door Type:
    • Automatic
    • Manual
  • Market, by Region:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Rest of Region
    • Europe
      • France
      • Germany
      • United Kingdom
      • Romania
      • Poland
      • Rest of Region
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of Region
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of Region
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar
      • Rest of Region

Competitive Landscape

Competitive Benchmarking: Benchmarking of leading 10 players on the basis of type.

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

Available Customizations:

With the given market data, TechSci Research offers customizations according to 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).

In case you can’t find what you are looking for, then please get in touch with our custom research team at sales@techsciresearch.com