The report titled 'Global Elevator Escalator Market Outlook, 2026' published by Actual Market Research offers a valuable insight with an emphasis on the global market from the period of 2015 to 2026. The segments considered for the elevators escalators market include type, service, and enduse industry. The report covers a detailed study on market drivers, restraints, opportunities, and challenges that are affecting the growth of this industry. It also aims to study the individual growth trends, prospects, and contributions of various segments to the total market. The overall global market was at USD 68.31 Billion in the year 2015, which faced a downfall in the year 2020 due to the Covid pandemic. The market is to grow with an anticipated CAGR of over 6% through the forecasted period.
The commercial end-user segment is expected to show a marginal decline and reach 28.81% in the year 2020. Continuous investment for the improvement of infrastructure at public places like railway stations, airports, shopping malls, etc. is further expected to upsurge the demand during the forecast period. Tourism is another sector, which encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries. These factors are to influence the other end-user segment that is expected to grow with an expected CAGR of over 6%.
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The market is highly competitive, with a considerable number of regional and global players. At the same time, this report includes company profiling for the companies like- Otis Elevator Company, Schindler Holding Ltd., ThyssenKrupp Elevator AG, and KONE Corporation, which together controls a major share, holding to more than half of the market. Other considerable players in the market are Mitsubishi Electric, Hitachi Ltd, Fujitec Co., Ltd, Sigma Elevator Company, Hyundai Elevator Company, Toshiba Corporation, Stannah, Gulf Elevator Escalator Co. Ltd., Kleemann Hellas SA, Sicher Elevator Co., Cibes Lift Group AB, etc
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ASPECTS COVERED IN THE REPORT
- Market Size By Value for the time period (2015-2026F)
- Market Share by Type (Elevator, Escalator Moving Walkways)
- Market Share by Service (New Installation, Maintenance Repair, Modernization )
- Market Share by End Users (Residential, Commercial Others)
- Market Share by Region
- Market Share by Country
- Market Share by Company
Conducts Overall the Global Elevator Escalator Market Segmentation:
CONSIDERED IN THE REPORT
Geography: Global
Base year: 2020
Historical year: 2015
Forecasted year: 2026
By Country
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia)
- Asia-Pacific (China, Japan, India, Australia, South Korea)
- Latin America (Brazil, Argentina, Columbia)
- Middle-East Africa (UAE, Saudi Arabia, South Africa)
By Company
- Otis Elevator Company, Schindler Holding Ltd., ThyssenKrupp Elevator AG, and KONE Corporation, which together controls a major share, holding to more than half of the market. Other considerable players in the market are Mitsubishi Electric, Hitachi Ltd, Fujitec Co., Ltd, Sigma Elevator Company, Hyundai Elevator Company, Toshiba Corporation, Stannah, Gulf Elevator Escalator Co. Ltd., Kleemann Hellas SA, Sicher Elevator Co., Cibes Lift Group AB, etc
Regions covered in the report
- North America
- Europe
- Latin America
- Asia-Pacific
- Middle-East Africa
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Regions covered in the Global Elevator Escalator Market report 2026:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia)
- Asia-Pacific (China, Japan, India, Australia, South Korea)
- Latin America (Brazil, Argentina, Columbia)
- Middle-East Africa (UAE, Saudi Arabia, South Africa)
Table Of Content
- Executive Summary
- Report Methodology
- Global Elevator And Escalator Market Outlook
3.1. Market Size By Value
3.2. Market Share
…Continue
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