Global elevator equipment & service market will reach $154.0 billion by 2027, growing by 5.6% annually over 2020-2027 owing to the rising urbanization, upswing in digitalization, increasing geriatric population, growing construction and maintenance/upgrade activities.
Highlighted with 86 tables and 88 figures, this 162-page report “Global Elevator Equipment & Service Market 2020-2027 by Offering (Equipment, Service), Product Type (Elevators, Escalators, Moving Walkways), Technology (Hydraulic, Traction, Climbing, Pneumatic), End Use (Residential, Commercial, Industrial), and Region: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire global elevator equipment & service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global elevator equipment & service market in every aspect of the classification from perspectives of Offering, Product Type, Technology, End Use, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.
• Elevator Equipment
o Passenger & Freight Elevators
o Escalators & Moving Walkways
o Parts & Accessories
• Elevator Service
o Installation Service
o Maintenance & Repair Service
o Modernization & Upgrade Service
Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.
• Elevators
• Escalators
• Moving Walkways
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.
• Hydraulic Elevators
o Conventional Hydraulic Elevators
o Hole-less Hydraulic Elevators
o Roped Hydraulic Elevators
• Traction Elevators
o Geared Traction Elevators
o Gear-less Traction Elevators
o Machine Room-Less Elevators
• Climbing Elevators
• Pneumatic/Vacuum Elevators
Based on End Use, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2017-2027 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
• Other End Uses
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Offering, Product Type, and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Fujitec Corporation Limited
Hitachi, Ltd.
Hyundai Elevator Co., Ltd.
Kleemann Hellas S.A.
Kone Corporation
Mitsubishi Electric Corporation
Otis Worldwide Corporation
Schindler Group
Sigma Elevator Company Limited
ThyssenKrupp AG
Toshiba Elevator and Building Systems Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Global Market by Offering 42
3.1 Market Overview by Offering 42
3.2 Elevator Equipment 44
3.2.1 Passenger & Freight Elevators 45
3.2.2 Escalators & Moving Walkways 46
3.2.3 Parts & Accessories 47
3.3 Elevator Service 48
3.3.1 Installation Service 49
3.3.2 Maintenance & Repair Service 50
3.3.3 Modernization & Upgrade Service 51
4 Segmentation of Global Market by Product Type 52
4.1 Market Overview by Product Type 52
4.2 Elevators 54
4.3 Escalators 55
4.4 Moving Walkways 56
5 Segmentation of Global Market by Technology 58
5.1 Market Overview by Technology 58
5.2 Hydraulic Elevators 60
5.2.1 Conventional Hydraulic Elevators 62
5.2.2 Hole-less Hydraulic Elevators 63
5.2.3 Roped Hydraulic Elevators 64
5.3 Traction Elevators 65
5.3.1 Geared Traction Elevators 67
5.3.2 Gear-less Traction Elevators 68
5.3.3 Machine Room-Less Elevators 69
5.4 Climbing Elevators 70
5.5 Pneumatic/Vacuum Elevators 71
6 Segmentation of Global Market by End Use 72
6.1 Market Overview by End Use 72
6.2 Residential Use 74
6.3 Commercial Use 75
6.4 Industrial Use 76
6.5 Other End Uses 77
7 Segmentation of Global Market by Region 78
7.1 Geographic Market Overview 2020-2027 78
7.2 North America Market 2020-2027 by Country 82
7.2.1 Overview of North America Market 82
7.2.2 U.S. 85
7.2.3 Canada 88
7.2.4 Mexico 90
7.3 European Market 2020-2027 by Country 92
7.3.1 Overview of European Market 92
7.3.2 UK 95
7.3.3 France 97
7.3.4 Germany 99
7.3.5 Spain 101
7.3.6 Italy 103
7.3.7 Russia 105
7.3.8 Rest of European Market 107
7.4 Asia-Pacific Market 2020-2027 by Country 109
7.4.1 Overview of Asia-Pacific Market 109
7.4.2 China 112
7.4.3 Japan 114
7.4.4 India 117
7.4.5 Australia 119
7.4.6 South Korea 121
7.4.7 Rest of APAC Region 123
7.5 South America Market 2020-2027 by Country 125
7.5.1 Argentina 128
7.5.2 Brazil 130
7.5.3 Chile 132
7.5.4 Rest of South America Market 134
7.6 MEA Market 2020-2027 by Country 135
7.6.1 UAE 138
7.6.2 Saudi Arabia 140
7.6.3 South Africa 142
7.6.4 Other National Markets 144
8 Competitive Landscape 145
8.1 Overview of Key Vendors 145
8.2 New Product Launch, Partnership, Investment, and M&A 149
8.3 Company Profiles 150
Fujitec Corporation Limited 150
Hitachi, Ltd. 152
Hyundai Elevator Co., Ltd. 153
Kleemann Hellas S.A. 154
Kone Corporation 155
Mitsubishi Electric Corporation 156
Otis Worldwide Corporation 157
Schindler Group 158
Sigma Elevator Company Limited 159
ThyssenKrupp AG 160
Toshiba Elevator and Building Systems Corporation 161
RELATED REPORTS 162
List of Tables:
Table 1. Snapshot of Global Elevator Equipment & Service Market in Balanced Perspective, 2020-2027 19
Table 2. Growth Rate of World GDP, 2020-2022 22
Table 3. World Construction Industry Output, 2017-2030, $ trillion 27
Table 4. Main Product Trends and Market Opportunities in Global Elevator Equipment & Service Market 34
Table 5. Global Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 42
Table 6. Global Elevator Equipment & Service Market: Elevator Equipment by Type, 2017-2027, $ bn 44
Table 7. Global Elevator Equipment & Service Market: Elevator Service by Type, 2017-2027, $ bn 48
Table 8. Global Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 52
Table 9. Global Elevator Equipment & Service Market by Technology, 2017-2027, $ bn 58
Table 10. Global Elevator Equipment & Service Market: Hydraulic Elevators by Type, 2017-2027, $ bn 61
Table 11. Global Elevator Equipment & Service Market: Traction Elevators by Type, 2017-2027, $ bn 66
Table 12. Global Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 72
Table 13. Global Elevator Equipment & Service Market by Region, 2017-2027, $ bn 79
Table 14. Leading National Elevator Equipment & Service Market, 2020 and 2027, $ bn 81
Table 15. North America Elevator Equipment & Service Market by Country, 2017-2027, $ bn 84
Table 16. U.S. Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 87
Table 17. U.S. Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 87
Table 18. U.S. Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 87
Table 19. Canada Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 89
Table 20. Canada Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 89
Table 21. Canada Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 89
Table 22. Mexico Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 91
Table 23. Mexico Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 91
Table 24. Mexico Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 91
Table 25. Europe Elevator Equipment & Service Market by Country, 2017-2027, $ bn 94
Table 26. UK Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 96
Table 27. UK Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 96
Table 28. UK Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 96
Table 29. France Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 98
Table 30. France Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 98
Table 31. France Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 98
Table 32. Germany Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 100
Table 33. Germany Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 100
Table 34. Germany Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 100
Table 35. Spain Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 102
Table 36. Spain Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 102
Table 37. Spain Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 102
Table 38. Italy Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 104
Table 39. Italy Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 104
Table 40. Italy Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 104
Table 41. Russia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 106
Table 42. Russia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 106
Table 43. Russia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 106
Table 44. Elevator Equipment & Service Market in Rest of Europe by Country, 2017-2027, $ bn 108
Table 45. APAC Elevator Equipment & Service Market by Country, 2017-2027, $ bn 111
Table 46. China Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 113
Table 47. China Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 113
Table 48. China Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 113
Table 49. Japan Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 116
Table 50. Japan Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 116
Table 51. Japan Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 116
Table 52. India Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 118
Table 53. India Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 118
Table 54. India Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 118
Table 55. Australia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 120
Table 56. Australia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 120
Table 57. Australia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 120
Table 58. South Korea Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 122
Table 59. South Korea Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 122
Table 60. South Korea Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 122
Table 61. Elevator Equipment & Service Market in Rest of APAC by Country/Region, 2017-2027, $ bn 124
Table 62. South America Elevator Equipment & Service Market by Country, 2017-2027, $ bn 127
Table 63. Argentina Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 129
Table 64. Argentina Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 129
Table 65. Argentina Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 129
Table 66. Brazil Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 131
Table 67. Brazil Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 131
Table 68. Brazil Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 131
Table 69. Chile Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 133
Table 70. Chile Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 133
Table 71. Chile Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 133
Table 72. MEA Elevator Equipment & Service Market by Country, 2017-2027, $ bn 137
Table 73. UAE Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 139
Table 74. UAE Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 139
Table 75. UAE Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 139
Table 76. Saudi Arabia Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 141
Table 77. Saudi Arabia Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 141
Table 78. Saudi Arabia Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 141
Table 79. South Africa Elevator Equipment & Service Market by Offering, 2017-2027, $ bn 143
Table 80. South Africa Elevator Equipment & Service Market by Product Type, 2017-2027, $ bn 143
Table 81. South Africa Elevator Equipment & Service Market by End Use, 2017-2027, $ bn 143
Table 82. Breakdown of World Elevator Equipment & Service Market by Key Vendor, 2020, % 147
Table 83. Fujitec Corporation Limited: Company Snapshot 150
Table 84. Fujitec Corporation Limited: Business Segmentation 150
Table 85. Fujitec Corporation Limited: Product Portfolio 151
Table 86. Fujitec Corporation Limited: Revenue, 2017-2019, $ bn 151
