Elevators & Escalators Market – Global Forecast to 2030
엘리베이터 및 에스컬레이터 시장 – 타입(엘리베이터, 에스컬레이터, 무빙워크), 서비스(신규 설치, 보수·수리), 엘리베이터 기술(견인식, 기계실리스식, 유압식), 최종 용도 산업, 지역별 – 2030년까지의 세계 예측
Elevators & Escalators Market by Type (Elevators, Escalators, Moving Walkways), Service (New Installation, Maintenance & Repair), Elevator Technology (Traction, Machine-Room-Less, & Hydraulic), End-use Industry, and Region – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년8월 |
| 페이지 수 | 296 |
| 도표 수 | 419 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
본 시장 조사는 다양한 부문의 엘리베이터 및 에스컬레이터 시장을 다룹니다. 유형(엘리베이터, 에스컬레이터, 무빙워크), 서비스(신규 설치, 유지보수 및 수리, 현대화), 엘리베이터 기술(트랙션 엘리베이터, 기계실 없는 트랙션 엘리베이터, 유압식 엘리베이터), 최종 사용 산업(주거, 상업, 기관, 인프라 및 기타 최종 사용 산업), 지역(아시아 태평양, 북미, 유럽, 남미, 중동 및 아프리카)을 기준으로 다양한 부문의 시장 규모와 성장 잠재력을 추정하는 것을 목표로 합니다. 또한, 주요 시장 참여 기업, 회사 프로필, 제품 및 사업 제안과 관련된 주요 관찰 결과, 최근 개발 동향, 그리고 엘리베이터 및 에스컬레이터 시장에서의 입지를 강화하기 위해 채택한 주요 성장 전략에 대한 심층적인 경쟁 분석도 포함됩니다.
본 보고서는 시장 선도 기업/신규 진입 기업들에게 전체 불산 시장 및 하위 부문의 매출 수치에 대한 가장 근사치 정보를 제공합니다. 본 보고서는 이해관계자들이 경쟁 환경을 이해하고, 사업 포지셔닝을 개선하는 데 필요한 통찰력을 확보하며, 적절한 시장 진출 전략을 수립하는 데 도움을 줄 것입니다. 본 보고서는 이해관계자들이 시장의 흐름을 파악하고 주요 시장 동인, 제약, 과제, 그리고 기회에 대한 정보를 제공할 것입니다.
전 세계 엘리베이터 및 에스컬레이터 시장은 2025년 988억 4,220만 달러에서 2030년 1,138억 1,380만 달러로 성장할 것으로 예상되며, 이는 예측 기간 동안 연평균 2.86%의 성장률을 기록할 것입니다.
농촌 지역에서 도시로의 인구 이동이 증가함에 따라, 특히 증가하는 주택 수요를 충족하기 위한 고층 빌딩 건설을 포함한 대규모 인프라 개발의 필요성이 더욱 커졌습니다. 이로 인해 도시는 거대 도시로 발전했으며, 도쿄, 멕시코시티, 서울, 라고스와 같은 도시에서 인구가 눈에 띄게 급증했습니다. 이러한 거대 도시들은 증가하는 인구를 지원하기 위해 마천루, 첨단 교통 허브, 그리고 다양한 인프라 프로젝트에 적극적으로 참여하고 있습니다. 고층 건물의 핵심 요소 중 하나는 효율적인 수직 이동성을 촉진하는 것으로, 엘리베이터와 에스컬레이터의 필요성이 더욱 강조됩니다. 결과적으로, 급속한 도시화와 고층 빌딩 프로젝트의 증가는 엘리베이터와 에스컬레이터 수요를 견인할 것으로 예상됩니다. 이러한 사용 증가는 예측 기간 동안 시장 성장에 크게 기여할 것으로 예상됩니다.
The global elevators and escalators market is projected to grow from USD 98,842.2 million in 2025 to USD 113,813.8 million by 2030, at a CAGR of 2.86% during the forecast period. The rising trend of mass movement from rural regions to urban areas has created a greater need for significant infrastructure development, particularly in constructing high-rise buildings to satisfy the increasing housing demands. This has led to the evolution of urban areas into megacities, with notable population surges in cities such as Tokyo, Mexico City, Seoul, and Lagos. These megacities are actively involved in the construction of skyscrapers, advanced transportation hubs, and various other infrastructure projects to support their growing populations. A critical component of high-rise structures is facilitating efficient vertical mobility, highlighting the necessity for elevators and escalators. As a result, the rapid urbanization and the increase in high-rise building projects are expected to drive the demand for elevators and escalators. This heightened usage is anticipated to be a significant contributor to market growth during the forecast period.
“In terms of both value and volume, elevators are projected to register the fastest growth during the forecast period.”
Elevators, whether they are open or enclosed platforms used to transport people or goods between different floors in a building, must follow strict safety standards established by regulatory bodies. In the US, elevator manufacturers are required to comply with safety regulations set by the American National Standards Institute (ANSI) and the American Society of Mechanical Engineers (ASME). The elevator industry is expected to experience significant growth due to the ongoing development of new residential and commercial projects worldwide. This growth is projected to be most pronounced in the elevators segment, which is anticipated to achieve the highest CAGR.
By service, the modernization segment is estimated to register the highest CAGR during the forecast period.”
Updating escalators and elevators is common because it makes them more reliable, faster, and safer. Older elevators often have higher maintenance costs, slow rides, and frequent breakdowns, which disrupt the daily operations of busy buildings. Modernization upgrades key parts, boosting efficiency and reducing energy use. This leads to lower expenses and benefits the environment. It also ensures compliance with the latest safety regulations and improves the look and feel of these systems, enhancing the user experience. Overall, modernization increases a building’s value, extends the life of the equipment, and meets the needs of today’s smart and sustainable infrastructure.
“Machine-room-less traction elevator segment to register the fastest growth during the forecast period.”
Elevators that do not need a machine room are expected to register the fastest growth in the elevators and escalators market due to advancements in technology. This cutting-edge technology, stemming from continuous advancements, has transformed the traditional elevator industry. A significant advancement is the major decrease in the size of electrical motors used in traction systems, achieved through the use of newly designed permanent magnet motors (PMM). A key characteristic of this technology is the removal of the necessity for a machine room above the hoistway. This design has gained global popularity and is quickly becoming the new norm in elevator technology.
“Commercial end-use segment to register the fastest growth during the forecast period.”
The commercial sector showcases high demand for elevators and escalators for several key reasons. One major factor is the rapid growth of cities and the emergence of tall commercial buildings. These structures require efficient, safe, and secure methods for people to move around, making vertical transportation systems essential. Additionally, there is a strong focus on improving accessibility, particularly for the aging population and individuals with disabilities. This emphasis is driving the demand for more advanced and inclusive elevator and escalator solutions in commercial environments. Furthermore, today’s elevators and escalators are not just simple machines; they have become sophisticated, energy-efficient systems equipped with innovative features. Commercial spaces are actively seeking these technological advancements to keep up with modern design trends and achieve their sustainability goals.
“In terms of value, the Asia Pacific elevators and escalators market is projected to account for the largest share during the forecast period.”
The Asia Pacific region is anticipated to hold the largest share in terms of value. This increase is linked to greater investments in construction, improved living standards, and rapid urban growth. Countries in the Asia Pacific are actively working on projects to improve commercial and institutional buildings. In the past few years, numerous nations in the region have initiated efforts to create smart cities utilizing low-carbon and Internet of Things (IoT) technologies. As a result, this trend offers promising prospects for the growth of the elevators and escalators market.
In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the elevators and escalators market.
- By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
- By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%
- By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, Middle East & Africa: 20%, and South America: 20%
Schindler Group (Switzerland), Otis (US), KONE Corporation (Finland), Hitachi Ltd. (Japan), Hyundai Elevator Co. Ltd. (South Korea), Fujitec Co., Ltd. (Japan), Toshiba Elevators and Building Systems Corporation (Japan), Mitsubishi Electric Corporation (Japan), TK Elevator (Germany), and SJEC Corporation (China) are some of the key players in the elevators and escalators market.
Research Coverage
The market study covers the elevators and escalators market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type (elevators, escalators, and moving walkways), service (new installations, maintenance & repair, and modernization), elevator technology (traction elevators, machine-room-less traction elevators, and hydraulic elevators), end-use industry (residential, commercial, institutional, infrastructure, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa). The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the elevators and escalators market.
Reasons to Buy the Report
The report will offer the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall hydrofluoric acid market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following points:
- Analysis of key drivers (Increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization, growing need for reducing energy consumption in buildings, and growing aging population to facilitate development of better infrastructure within buildings), restraints (uncertainty and risk regarding global economy and high maintenance costs), opportunities (adoption of green building codes and energy-efficient products, development of innovative technologies, and rising demand for smart elevators), and challenges (compliance with standards and regulations) influencing the growth of the elevators and escalators market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the elevators and escalators market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the elevators and escalators market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the elevators and escalators market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Schindler Group (Switzerland), Otis Elevator (US), Thyssenkrupp AG (Germany), KONE Corporation (Finland), Hitachi Ltd. (Japan), Hyundai Elevator Co. Ltd. (South Korea), Fujitec Co., Ltd. (Japan), Toshiba Elevators and Building System Corporation (Japan), Mitsubishi Electric Corporation (Japan), TK Elevator (Germany), and SJEC Corporation (China), among others, in the elevators and escalators market. The report also helps stakeholders understand the pulse of the elevators and escalators market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 MARKET SCOPE 31
1.3.1 MARKET SEGMENTATION & REGIONAL SCOPE 31
1.3.2 YEARS CONSIDERED 32
1.3.3 INCLUSIONS AND EXCLUSIONS OF STUDY 32
1.4 CURRENCY CONSIDERED 33
1.5 UNITS CONSIDERED 33
1.6 LIMITATIONS 33
1.7 STAKEHOLDERS 33
1.8 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Key data from primary sources 37
2.2 MARKET SIZE ESTIMATION 38
2.3 DATA TRIANGULATION 40
2.4 RESEARCH ASSUMPTIONS 41
2.5 GROWTH RATE ASSUMPTIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELEVATORS AND ESCALATORS MARKET 45
4.2 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 45
4.3 ELEVATORS AND ESCALATORS MARKET, BY TYPE 46
4.4 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 46
4.5 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 47
4.6 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE AND COUNTRY 47
4.7 ELEVATORS AND ESCALATORS MARKET, BY KEY COUNTRY 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
5.2.1 DRIVERS 50
5.2.1.1 Increased construction of high-rise buildings equipped with smart vertical transportation 50
5.2.1.2 Growing need for reducing energy consumption in buildings 51
5.2.1.3 Growing aging population to facilitate development 51
5.2.2 RESTRAINTS 52
5.2.2.1 Uncertainty and risk regarding global economy 52
5.2.2.2 High maintenance cost 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Adoption of green building codes and energy-efficient products 53
5.2.3.2 Development of innovative technologies 54
5.2.4 CHALLENGES 54
5.2.4.1 Compliance with standards and regulations 54
6 INDUSTRY TRENDS 55
6.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
6.2 PRICING ANALYSIS 56
6.2.1 AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE 56
6.2.2 RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE) 56
6.2.3 FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS 56
6.3 VALUE CHAIN ANALYSIS 57
6.3.1 RESEARCH & DEVELOPMENT 58
6.3.2 COMPONENT MANUFACTURERS 58
6.3.3 MANUFACTURERS 58
6.3.4 SOFTWARE & SERVICES 58
6.3.5 INTEGRATORS 58
6.3.6 END-USE APPLICATIONS 59
6.4 ECOSYSTEM ANALYSIS 59
6.5 TECHNOLOGY ANALYSIS 60
6.5.1 KEY TECHNOLOGIES 60
6.5.1.1 Intuitive elevator technology 60
6.5.1.2 Cable-free smart elevators 60
6.5.2 COMPLEMENTARY TECHNOLOGIES 61
6.5.2.1 Touchless interface 61
6.5.2.2 Internet of Things (IoT) and 5G technology 61
6.5.3 ADJACENT TECHNOLOGIES 61
6.5.3.1 AI for traffic management 61
6.5.3.2 Augmented reality for maintenance 62
6.6 IMPACT OF GEN AI ON ELEVATORS & ESCALATORS MARKET 62
6.7 PATENT ANALYSIS 63
6.7.1 INTRODUCTION 63
6.7.2 METHODOLOGY 64
6.7.3 PATENT ANALYSIS 64
6.7.4 JURISDICTION ANALYSIS 65
6.8 TRADE ANALYSIS 68
6.9 KEY CONFERENCES AND EVENTS 70
6.10 REGULATORY BODIES AND GOVERNMENT AGENCIES 71
6.10.1 REGULATORY FRAMEWORK 76
6.10.1.1 ASME A17.7-2007/CSA B44.7-07 (R2021) 76
6.10.1.2 EN 81-20:2014 and EN 81-50:2020 76
6.10.1.3 IS 14665 Part 2 and IS 15259 77
6.11 PORTER’S FIVE FORCES ANALYSIS 77
6.11.1 THREAT OF NEW ENTRANTS 78
6.11.2 THREAT OF SUBSTITUTES 78
6.11.3 BARGAINING POWER OF SUPPLIERS 78
6.11.4 BARGAINING POWER OF BUYERS 78
6.11.5 INTENSITY OF COMPETITIVE RIVALRY 78
6.12 MACROECONOMIC INDICATORS 79
6.12.1 INTRODUCTION 79
6.12.2 GDP TRENDS AND FORECASTS 79
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 81
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
6.13.2 BUYING CRITERIA 81
6.14 CASE STUDY ANALYSIS 82
6.14.1 CASE STUDY 1: ELEVATORS GURGAON MEDANTA 82
6.14.2 CASE STUDY 2: ENHANCING HIGH-RISE EFFICIENCY WITH ADVANCED ELEVATOR SYSTEMS AT RUBY 83
6.14.3 CASE STUDY 3: HONEYWELL – CORPORATE OFFICE RENOVATIONS 83
6.14.4 CASE STUDY 4: KONE CORPORATION- 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA 83
6.15 INVESTMENT AND FUNDING SCENARIO 84
6.16 IMPACT OF 2025 US TARIFF ON ELEVATORS AND ESCALATORS MARKET 84
6.16.1 INTRODUCTION 84
6.16.2 KEY TARIFF RATES 84
6.16.3 PRICE IMPACT ANALYSIS 85
6.16.4 IMPACT ON COUNTRY/REGION 85
6.16.4.1 US 85
6.16.4.2 Europe 85
6.16.4.3 Asia Pacific 85
6.16.5 END-USE INDUSTRY IMPACT 85
7 ELEVATORS AND ESCALATORS MARKET, BY TYPE 86
7.1 INTRODUCTION 87
7.2 ELEVATORS 88
7.2.1 DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS TO DRIVE MARKET 88
7.2.2 PASSENGER ELEVATORS 88
7.2.2.1 Bed elevators 89
7.2.2.2 Service elevators 89
7.2.2.3 Observation elevators 89
7.2.2.4 Residential elevators 89
7.2.3 FREIGHT ELEVATORS 89
7.2.3.1 Dumbwaiters 89
7.2.3.2 Vehicle elevators 90
7.2.4 OTHER ELEVATOR TYPES 90
7.3 ESCALATORS 90
7.3.1 BOOM IN REAL ESTATE SECTOR AND NEED FOR EFFICIENT & RAPID TRANSIT SYSTEMS TO DRIVE MARKET 90
7.4 MOVING WALKWAYS 90
7.4.1 INCREASING NUMBER OF AIRPORTS AND SHOPPING MALLS TO DRIVE MARKET 90
8 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 91
8.1 INTRODUCTION 92
8.2 NEW INSTALLATION 93
8.2.1 RISING CONSTRUCTION ACTIVITIES TO DRIVE MARKET 93
8.3 MAINTENANCE & REPAIR 93
8.3.1 GROWING CONCERNS REGARDING AGING ELEVATORS TO DRIVE MARKET 93
8.4 MODERNIZATION 94
8.4.1 NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET 94
9 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 95
9.1 INTRODUCTION 96
9.2 TRACTION ELEVATORS 97
9.2.1 LIGHTWEIGHT PROPERTY TO DRIVE MARKET 97
9.3 MACHINE-ROOM-LESS TRACTION ELEVATORS 98
9.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY TO DRIVE MARKET 98
9.4 HYDRAULIC ELEVATORS 98
9.4.1 TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET 98
10 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 99
10.1 INTRODUCTION 100
10.2 RESIDENTIAL 102
10.2.1 GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION TO DRIVE MARKET 102
10.3 COMMERCIAL 102
10.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO DRIVE MARKET 102
10.4 INSTITUTIONAL 102
10.4.1 RISING DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET 102
10.5 INFRASTRUCTURE 103
10.5.1 RAPID URBANIZATION TO DRIVE MARKET 103
10.6 OTHER END-USE INDUSTRIES 103
11 ELEVATORS AND ESCALATORS MARKET, BY REGION 104
11.1 INTRODUCTION 105
11.2 NORTH AMERICA 107
11.2.1 US 112
11.2.1.1 Government investments in infrastructure projects to drive market 112
11.2.2 CANADA 114
11.2.2.1 Increased investment in residential sector to drive market 114
11.2.3 MEXICO 117
11.2.3.1 Growth in commercial construction to drive market 117
11.3 ASIA PACIFIC 120
11.3.1 CHINA 125
11.3.1.1 Rapid industrialization and urbanization to drive market 125
11.3.2 INDIA 128
11.3.2.1 Government initiatives for smart cities to drive market 128
11.3.3 JAPAN 131
11.3.3.1 Increasing adoption of smart technologies to drive market 131
11.3.4 SOUTH KOREA 134
11.3.4.1 Changing lifestyles and increasing government initiatives to drive market 134
11.3.5 REST OF ASIA PACIFIC 137
11.4 EUROPE 140
11.4.1 GERMANY 144
11.4.1.1 Emphasis on modernization, infrastructure development,
and stringent safety standards to drive market 144
11.4.2 FRANCE 147
11.4.2.1 Regulatory frameworks and architectural needs to drive market 147
11.4.3 UK 151
11.4.3.1 Development of smart cities and new technologies to drive market 151
11.4.4 ITALY 154
11.4.4.1 Growing investment in construction industry to drive market 154
11.4.5 SPAIN 157
11.4.5.1 Sustainability in construction and real estate sectors to drive market 157
11.4.6 REST OF EUROPE 160
11.5 SOUTH AMERICA 162
11.5.1 BRAZIL 166
11.5.1.1 Increasing demand for residential & nonresidential construction to drive market 166
11.5.2 ARGENTINA 169
11.5.2.1 Investment in construction sector to drive market 169
11.5.3 REST OF SOUTH AMERICA 171
11.6 MIDDLE EAST & AFRICA 174
11.6.1 GCC COUNTRIES 178
11.6.1.1 UAE 181
11.6.1.1.1 Industrial growth and rise in tourism to drive market 181
11.6.1.2 Saudi Arabia 184
11.6.1.2.1 Growing non-oil economy to drive market 184
11.6.1.3 Rest of GCC countries 187
11.6.2 REST OF MIDDLE EAST & AFRICA 189
12 COMPETITIVE LANDSCAPE 192
12.1 OVERVIEW 192
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 192
12.3 REVENUE ANALYSIS OF KEY PLAYERS 194
12.4 MARKET SHARE ANALYSIS 194
12.5 COMPANY VALUATION AND FINANCIAL METRICS 195
12.6 PRODUCT/BRAND COMPARISON 197
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 198
12.7.1 STARS 198
12.7.2 EMERGING LEADERS 198
12.7.3 PERVASIVE PLAYERS 198
12.7.4 PARTICIPANTS 198
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 200
12.7.5.1 Company footprint 200
12.7.5.2 Region footprint 201
12.7.5.3 End-use industry footprint 201
12.7.5.4 Type footprint 202
12.7.5.5 Service footprint 202
12.7.5.6 Elevator technology footprint 203
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 203
12.8.1 PROGRESSIVE COMPANIES 203
12.8.2 RESPONSIVE COMPANIES 203
12.8.3 DYNAMIC COMPANIES 204
12.8.4 STARTING BLOCKS 204
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 205
12.8.5.1 Detailed list of key startups/SMEs 205
12.8.5.2 Competitive benchmarking of key startups/SMEs 206
12.9 COMPETITIVE SCENARIO 208
12.9.1 PRODUCT LAUNCHES 208
12.9.2 EXPANSIONS 210
12.9.3 DEALS 212
12.9.4 OTHER DEVELOPMENTS 216
13 COMPANY PROFILES 225
13.1 KEY PLAYERS 225
13.1.1 SCHINDLER GROUP 225
13.1.1.1 Business overview 225
13.1.1.2 Products offered 227
13.1.1.3 Recent developments 228
13.1.1.3.1 Product launches 228
13.1.1.3.2 Deals 228
13.1.1.3.3 Other developments 228
13.1.1.4 MnM view 229
13.1.1.4.1 Key strengths 229
13.1.1.4.2 Strategic choices 229
13.1.1.4.3 Weaknesses and competitive threats 229
13.1.2 OTIS WORLDWIDE CORPORATION 230
13.1.2.1 Business overview 230
13.1.2.2 Products offered 232
13.1.2.3 Recent developments 232
13.1.2.3.1 Product launches 232
13.1.2.3.2 Deals 233
13.1.2.3.3 Expansions 233
13.1.2.3.4 Other developments 234
13.1.2.4 MnM view 236
13.1.2.4.1 Key strengths 236
13.1.2.4.2 Strategic choices 236
13.1.2.4.3 Weaknesses and competitive threats 236
13.1.3 KONE CORPORATION 237
13.1.3.1 Business overview 237
13.1.3.2 Products offered 239
13.1.3.3 Recent developments 239
13.1.3.3.1 Deals 239
13.1.3.3.2 Other developments 240
13.1.3.4 MnM view 242
13.1.3.4.1 Ke strengths 242
13.1.3.4.2 Strategic choices 242
13.1.3.4.3 Weaknesses and competitive threats 242
13.1.4 HITACHI LTD. 243
13.1.4.1 Business overview 243
13.1.4.2 Products offered 245
13.1.4.3 Recent developments 245
13.1.4.3.1 Product launches 245
13.1.4.3.2 Deals 246
13.1.4.3.3 Expansions 246
13.1.4.3.4 Other developments 247
13.1.4.4 MnM view 248
13.1.4.4.1 Key strengths 248
13.1.4.4.2 Strategic choices 248
13.1.4.4.3 Weaknesses and competitive threats 248
13.1.5 HYUNDAI ELEVATOR CO., LTD. 249
13.1.5.1 Business overview 249
13.1.5.2 Products offered 250
13.1.5.3 Recent developments 251
13.1.5.3.1 Product launches 251
13.1.5.3.2 Deals 251
13.1.5.3.3 Expansions 252
13.1.5.3.4 Other developments 253
13.1.5.4 MnM view 253
13.1.5.4.1 Key strengths 253
13.1.5.4.2 Strategic choices 253
13.1.5.4.3 Weaknesses and competitive threats 253
13.1.6 FUJITEC CO., LTD. 254
13.1.6.1 Business overview 254
13.1.6.2 Products offered 255
13.1.6.3 Recent developments 256
13.1.6.3.1 Product launches 256
13.1.6.3.2 Expansions 256
13.1.6.3.3 Other developments 257
13.1.6.4 MnM view 258
13.1.7 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION 259
13.1.7.1 Business overview 259
13.1.7.2 Products offered 259
13.1.7.3 Recent developments 260
13.1.7.3.1 Other developments 260
13.1.7.4 MnM view 260
13.1.8 MITSUBISHI ELECTRIC CORPORATION 261
13.1.8.1 Business overview 261
13.1.8.2 Products offered 263
13.1.8.3 Recent developments 264
13.1.8.3.1 Deals 264
13.1.8.3.2 Product launches 265
13.1.8.3.3 Other developments 265
13.1.8.4 MnM view 265
13.1.9 TK ELEVATOR 266
13.1.9.1 Business overview 266
13.1.9.2 Products offered 266
13.1.9.3 Recent developments 268
13.1.9.3.1 Product launches 268
13.1.9.3.2 Deals 269
13.1.9.3.3 Expansions 269
13.1.9.3.4 Other developments 270
13.1.9.4 MnM view 271
13.1.10 SJEC CORPORATION 272
13.1.10.1 Business overview 272
13.1.10.2 Products offered 272
13.1.10.3 MnM view 273
13.2 OTHER PLAYERS 274
13.2.1 KLEEMANN 274
13.2.2 SIGMA ELEVATORS 275
13.2.3 WEMAINTAIN 275
13.2.4 ESCON ELEVATORS 276
13.2.5 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD. 276
13.2.6 ORONA 277
13.2.7 EITA ELEVATOR 277
13.2.8 GLARIE ELEVATOR 278
13.2.9 AARON INDUSTRIES LTD. 278
13.2.10 LEO ELEVATORS 279
13.2.11 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED 279
13.2.12 STANNAH GROUP 280
13.2.13 CIBES LIFT 281
13.2.14 WALTON GROUP 281
13.2.15 EXPEDITE AUTOMATION LLP 282
13.2.16 LIFT AI VENTURES INC. 283
14 ADJACENT & RELATED MARKETS 284
14.1 INTRODUCTION 284
14.2 LIMITATIONS 284
14.2.1 SMART ELEVATOR MARKET 284
14.2.1.1 Market definition 284
14.2.1.2 Smart elevator market, by component 284
14.2.1.3 Smart elevator market, by application 285
14.2.1.4 Smart elevator market, by service 286
14.2.1.5 Smart elevator market, by region 287
15 APPENDIX 288
15.1 DISCUSSION GUIDE 288
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 292
15.3 CUSTOMIZATION OPTIONS 294
15.4 RELATED REPORTS 294
15.5 AUTHOR DETAILS 295
LIST OF TABLES
TABLE 1 AVERAGE SELLING PRICE OF ELEVATORS, BY TYPE (PER UNIT) 56
TABLE 2 ELEVATORS AND ESCALATORS MARKET: ROLE OF PLAYERS IN ECOSYSTEM 59
TABLE 3 LIST OF KEY PATENTS, 2022–2024 65
TABLE 4 EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (USD MILLION) 68
TABLE 5 IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (USD MILLION) 69
TABLE 6 ELEVATORS AND ESCALATORS MARKET: CONFERENCES & EVENTS, 2025–2026 70
TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 71
TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 72
TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 74
TABLE 10 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 11 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 76
TABLE 12 CONTAINER COMPLIANCE OPTIONS FOR SAFETY AND ACCESSIBILITY IN EUROPE 76
TABLE 13 LIFT/ELEVATOR STANDARDS IN INDIA 77
TABLE 14 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 78
TABLE 15 WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES,
2024–2026 79
TABLE 16 WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES,
2024–2026 80
TABLE 17 WORLD GDP ANNUAL PERCENTAGE CHANGE OF EMERGING MARKET
AND DEVELOPING ECONOMIES, 2024–2026 80
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 81
TABLE 19 KEY BUYING CRITERIA FOR ELEVATORS AND ESCALATORS INDUSTRY 82
TABLE 20 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION) 87
TABLE 21 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION) 87
TABLE 22 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS) 88
TABLE 23 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS) 88
TABLE 24 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2020–2023 (USD MILLION) 92
TABLE 25 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 92
TABLE 26 ELEVATORS AND ESCALATORS MARKET, BY SERVICE,
2020–2023 (THOUSAND UNITS) 93
TABLE 27 ELEVATORS AND ESCALATORS MARKET, BY SERVICE,
2024–2030 (THOUSAND UNITS) 93
TABLE 28 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2020–2023 (USD MILLION) 96
TABLE 29 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2024–2030 (USD MILLION) 97
TABLE 30 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2020–2023 (THOUSAND UNITS) 97
TABLE 31 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2024–2030 (THOUSAND UNITS) 97
TABLE 32 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 100
TABLE 33 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 101
TABLE 34 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 101
TABLE 35 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 101
TABLE 36 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2020–2023 (USD MILLION) 106
TABLE 37 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2030 (USD MILLION) 106
TABLE 38 ELEVATORS AND ESCALATORS MARKET, BY REGION,
2020–2023 (THOUSAND UNITS) 107
TABLE 39 ELEVATORS AND ESCALATORS MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 107
TABLE 40 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 108
TABLE 41 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (USD MILLION) 109
TABLE 42 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (THOUSAND UNITS) 109
TABLE 43 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (THOUSAND UNITS) 109
TABLE 44 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 109
TABLE 45 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 110
TABLE 46 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 110
TABLE 47 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 110
TABLE 48 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 110
TABLE 49 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 111
TABLE 50 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 111
TABLE 51 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 111
TABLE 52 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION) 112
TABLE 53 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION) 112
TABLE 54 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 113
TABLE 55 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 113
TABLE 56 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 113
TABLE 57 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 113
TABLE 58 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 114
TABLE 59 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 114
TABLE 60 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 115
TABLE 61 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 115
TABLE 62 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 115
TABLE 63 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 115
TABLE 64 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 116
TABLE 65 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 116
TABLE 66 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 116
TABLE 67 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 117
TABLE 68 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 117
TABLE 69 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 118
TABLE 70 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 118
TABLE 71 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 118
TABLE 72 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 118
TABLE 73 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 119
TABLE 74 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 119
TABLE 75 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 119
TABLE 76 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 121
TABLE 77 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 121
TABLE 78 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2020–2023 (THOUSAND UNITS) 121
TABLE 79 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2030 (THOUSAND UNITS) 122
TABLE 80 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 122
TABLE 81 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 122
TABLE 82 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 123
TABLE 83 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 123
TABLE 84 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 123
TABLE 85 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 124
TABLE 86 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 124
TABLE 87 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 124
TABLE 88 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 125
TABLE 89 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 125
TABLE 90 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 126
TABLE 91 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 126
TABLE 92 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 126
TABLE 93 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 127
TABLE 94 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 127
TABLE 95 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 127
TABLE 96 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 129
TABLE 97 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 129
TABLE 98 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 129
TABLE 99 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 129
TABLE 100 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 130
TABLE 101 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 130
TABLE 102 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 130
TABLE 103 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 131
TABLE 104 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 132
TABLE 105 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 132
TABLE 106 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 132
TABLE 107 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 132
TABLE 108 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 133
TABLE 109 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 133
TABLE 110 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 133
TABLE 111 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 134
TABLE 112 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 135
TABLE 113 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 135
TABLE 114 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 135
TABLE 115 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 135
TABLE 116 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 136
TABLE 117 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 136
TABLE 118 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 136
TABLE 119 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 137
TABLE 120 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 137
TABLE 121 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 138
TABLE 122 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 138
TABLE 123 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 138
TABLE 124 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 139
TABLE 125 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 139
TABLE 126 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 139
TABLE 127 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 140
TABLE 128 EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY,
2020–2023 (USD MILLION) 140
TABLE 129 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 141
TABLE 130 EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY,
2020–2023 (THOUSAND UNITS) 141
TABLE 131 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2030 (THOUSAND UNITS) 141
TABLE 132 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 142
TABLE 133 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 142
TABLE 134 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 142
TABLE 135 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 142
TABLE 136 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 143
TABLE 137 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 143
TABLE 138 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 143
TABLE 139 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 144
TABLE 140 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 145
TABLE 141 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 145
TABLE 142 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 145
TABLE 143 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 146
TABLE 144 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 146
TABLE 145 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 146
TABLE 146 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 147
TABLE 147 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 147
TABLE 148 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 148
TABLE 149 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 148
TABLE 150 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 149
TABLE 151 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 149
TABLE 152 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 149
TABLE 153 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 150
TABLE 154 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 150
TABLE 155 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 150
TABLE 156 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2020–2023 (USD MILLION) 151
TABLE 157 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2030 (USD MILLION) 152
TABLE 158 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 152
TABLE 159 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 152
TABLE 160 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 152
TABLE 161 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 153
TABLE 162 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 153
TABLE 163 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 153
TABLE 164 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 154
TABLE 165 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 155
TABLE 166 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 155
TABLE 167 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 155
TABLE 168 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 155
TABLE 169 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 156
TABLE 170 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 156
TABLE 171 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 156
TABLE 172 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 157
TABLE 173 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 158
TABLE 174 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 158
TABLE 175 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 158
TABLE 176 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 158
TABLE 177 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 159
TABLE 178 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 159
TABLE 179 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 159
TABLE 180 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 160
TABLE 181 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 160
TABLE 182 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 160
TABLE 183 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 161
TABLE 184 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 161
TABLE 185 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 161
TABLE 186 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 162
TABLE 187 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 162
TABLE 188 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 163
TABLE 189 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (USD MILLION) 163
TABLE 190 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (THOUSAND UNITS) 163
TABLE 191 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (THOUSAND UNITS) 163
TABLE 192 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 164
TABLE 193 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 164
TABLE 194 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 164
TABLE 195 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 164
TABLE 196 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 165
TABLE 197 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 165
TABLE 198 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 165
TABLE 199 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 166
TABLE 200 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 166
TABLE 201 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 167
TABLE 202 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 167
TABLE 203 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 167
TABLE 204 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 167
TABLE 205 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 168
TABLE 206 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 168
TABLE 207 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 168
TABLE 208 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 169
TABLE 209 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 169
TABLE 210 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 169
TABLE 211 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 170
TABLE 212 ARGENTINA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 170
TABLE 213 ARGENTINA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 170
TABLE 214 ARGENTINA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 171
TABLE 215 ARGENTINA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 171
TABLE 216 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 172
TABLE 217 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 172
TABLE 218 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 172
TABLE 219 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 172
TABLE 220 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 173
TABLE 221 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 173
TABLE 222 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 173
TABLE 223 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 174
TABLE 224 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 174
TABLE 225 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (USD MILLION) 175
TABLE 226 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2020–2023 (THOUSAND UNITS) 175
TABLE 227 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY COUNTRY, 2024–2030 (THOUSAND UNITS) 175
TABLE 228 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 176
TABLE 229 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 176
TABLE 230 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 176
TABLE 231 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 176
TABLE 232 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 177
TABLE 233 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 177
TABLE 234 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 177
TABLE 235 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 178
TABLE 236 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 178
TABLE 237 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 178
TABLE 238 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 179
TABLE 239 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 179
TABLE 240 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 179
TABLE 241 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 180
TABLE 242 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 180
TABLE 243 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 180
TABLE 244 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 181
TABLE 245 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 182
TABLE 246 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 182
TABLE 247 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 182
TABLE 248 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (USD MILLION) 182
TABLE 249 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 183
TABLE 250 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2020–2023 (THOUSAND UNITS) 183
TABLE 251 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2030 (THOUSAND UNITS) 183
TABLE 252 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (USD MILLION) 184
TABLE 253 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (USD MILLION) 184
TABLE 254 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 185
TABLE 255 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2030 (THOUSAND UNITS) 185
TABLE 256 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 185
TABLE 257 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 186
TABLE 258 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 186
TABLE 259 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 186
TABLE 260 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 187
TABLE 261 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 187
TABLE 262 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 187
TABLE 263 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 188
TABLE 264 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 188
TABLE 265 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 188
TABLE 266 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 189
TABLE 267 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 189
TABLE 268 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (USD MILLION) 189
TABLE 269 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (USD MILLION) 190
TABLE 270 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2020–2023 (THOUSAND UNITS) 190
TABLE 271 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2030 (THOUSAND UNITS) 190
TABLE 272 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 190
TABLE 273 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 191
TABLE 274 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2020–2023 (THOUSAND UNITS) 191
TABLE 275 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2030 (THOUSAND UNITS) 191
TABLE 276 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
BETWEEN JANUARY 2021 AND JUNE 2025 192
TABLE 277 ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION 195
TABLE 278 ELEVATORS AND ESCALATORS MARKET: REGION FOOTPRINT 201
TABLE 279 ELEVATORS AND ESCALATORS MARKET: END-USE INDUSTRY FOOTPRINT 201
TABLE 280 ELEVATORS AND ESCALATORS MARKET: TYPE FOOTPRINT 202
TABLE 281 ELEVATORS AND ESCALATORS MARKET: SERVICE FOOTPRINT 202
TABLE 282 ELEVATORS AND ESCALATORS MARKET: ELEVATOR TECHNOLOGY FOOTPRINT 203
TABLE 283 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 205
TABLE 284 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES (1/2) 206
TABLE 285 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES (2/2) 207
TABLE 286 ELEVATORS AND ESCALATORS MARKET: PRODUCT LAUNCHES,
JANUARY 2021–JUNE 2025 208
TABLE 287 ELEVATORS AND ESCALATORS MARKET: EXPANSIONS, JANUARY 2021–JUNE 2025 210
TABLE 288 ELEVATORS AND ESCALATORS MARKET: DEALS, JANUARY 2021–JUNE 2025 212
TABLE 289 ELEVATORS AND ESCALATORS MARKET: OTHER DEVELOPMENTS,
JANUARY 2021–JUNE 2025 216
TABLE 290 SCHINDLER GROUP: COMPANY OVERVIEW 225
TABLE 291 SCHINDLER GROUP: PRODUCTS OFFERED 227
TABLE 292 SCHINDLER GROUP: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025 228
TABLE 293 SCHINDLER GROUP: DEALS, JANUARY 2021–JUNE 2025 228
TABLE 294 SCHINDLER GROUP: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 228
TABLE 295 OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW 230
TABLE 296 OTIS WORLDWIDE CORPORATION: PRODUCTS OFFERED 232
TABLE 297 OTIS WORLDWIDE CORPORATION: PRODUCT LAUNCHES,
JANUARY 2021–JUNE 2025 232
TABLE 298 OTIS WORLDWIDE CORPORATION: DEALS, JANUARY 2021–JUNE 2025 233
TABLE 299 OTIS WORLDWIDE CORPORATION: EXPANSIONS, JANUARY 2021–JUNE 2025 233
TABLE 300 OTIS WORLDWIDE CORPORATION: OTHER DEVELOPMENTS,
JANUARY 2021–JUNE 2025 234
TABLE 301 KONE CORPORATION: COMPANY OVERVIEW 237
TABLE 302 KONE CORPORATION: PRODUCTS OFFERED 239
TABLE 303 KONE CORPORATION: DEALS, JANUARY 2021–JUNE 2025 239
TABLE 304 KONE CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 240
TABLE 305 HITACHI LTD.: COMPANY OVERVIEW 243
TABLE 306 HITACHI LTD.: PRODUCTS OFFERED 245
TABLE 307 HITACHI LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025 245
TABLE 308 HITACHI LTD.: DEALS, JANUARY 2021–JUNE 2025 246
TABLE 309 HITACHI LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025 246
TABLE 310 HITACHI LTD.: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 247
TABLE 311 HYUNDAI ELEVATOR CO., LTD.: COMPANY OVERVIEW 249
TABLE 312 HYUNDAI ELEVATOR CO., LTD.: PRODUCTS OFFERED 250
TABLE 313 HYUNDAI ELEVATOR CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025 251
TABLE 314 HYUNDAI ELEVATOR CO., LTD.: DEALS, JANUARY 2021–JUNE 2025 251
TABLE 315 HYUNDAI ELEVATOR CO., LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025 252
TABLE 316 HYUNDAI ELEVATOR CO., LTD.: OTHER DEVELOPMENTS,
JANUARY 2021–JUNE 2025 253
TABLE 317 FUJITEC CO., LTD.: COMPANY OVERVIEW 254
TABLE 318 FUJITEC CO., LTD.: PRODUCTS OFFERED 255
TABLE 319 FUJITEC CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025 256
TABLE 320 FUJITEC CO., LTD.: EXPANSIONS, JANUARY 2021–JUNE 2025 256
TABLE 321 FUJITEC CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 257
TABLE 322 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
COMPANY OVERVIEW 259
TABLE 323 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
PRODUCTS OFFERED 259
TABLE 324 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 260
TABLE 325 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 261
TABLE 326 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 263
TABLE 327 MITSUBISHI ELECTRIC CORPORATION: DEALS, JANUARY 2021–JUNE 2025 264
TABLE 328 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES,
JANUARY 2021–JUNE 2025 265
TABLE 329 MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS,
JANUARY 2021–JUNE 2025 265
TABLE 330 TK ELEVATOR: COMPANY OVERVIEW 266
TABLE 331 TK ELEVATOR: PRODUCTS OFFERED 266
TABLE 332 TK ELEVATOR: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025 268
TABLE 333 TK ELEVATOR: DEALS, JANUARY 2021–JUNE 2025 269
TABLE 334 TK ELEVATOR: EXPANSIONS, JANUARY 2021–JUNE 2025 269
TABLE 335 TK ELEVATOR: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025 270
TABLE 336 SJEC CORPORATION: COMPANY OVERVIEW 272
TABLE 337 SJEC CORPORATION: PRODUCTS OFFERED 272
TABLE 338 KLEEMANN: COMPANY OVERVIEW 274
TABLE 339 SIGMA ELEVATORS: COMPANY OVERVIEW 275
TABLE 340 WEMAINTAIN: COMPANY OVERVIEW 275
TABLE 341 ESCON ELEVATORS: COMPANY OVERVIEW 276
TABLE 342 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.:
COMPANY OVERVIEW 276
TABLE 343 ORONA: COMPANY OVERVIEW 277
TABLE 344 EITA ELEVATOR: COMPANY OVERVIEW 277
TABLE 345 GLARIE ELEVATOR: COMPANY OVERVIEW 278
TABLE 346 AARON INDUSTRIES LTD.: COMPANY OVERVIEW 278
TABLE 347 LEO ELEVATORS: COMPANY OVERVIEW 279
TABLE 348 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW 279
TABLE 349 STANNAH GROUP: COMPANY OVERVIEW 280
TABLE 350 CIBES LIFT: COMPANY OVERVIEW 281
TABLE 351 WALTON GROUP: COMPANY OVERVIEW 281
TABLE 352 EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW 282
TABLE 353 LIFT AI VENTURES INC.: COMPANY OVERVIEW 283
TABLE 354 SMART ELEVATOR MARKET, BY COMPONENT, 2017–2020 (USD MILLION) 285
TABLE 355 SMART ELEVATOR MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 285
TABLE 356 SMART ELEVATOR MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 285
TABLE 357 SMART ELEVATOR MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 286
TABLE 358 SMART ELEVATOR MARKET, BY SERVICE, 2017–2020 (USD MILLION) 286
TABLE 359 SMART ELEVATOR MARKET, BY SERVICE, 2021–2026 (USD MILLION) 286
TABLE 360 SMART ELEVATOR MARKET, BY REGION, 2017–2020 (USD MILLION) 287
TABLE 361 SMART ELEVATOR MARKET, BY REGION, 2021–2026 (USD MILLION) 287
LIST OF FIGURES
FIGURE 1 ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN 35
FIGURE 2 STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 37
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 38
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION: SUPPLY-SIDE 39
FIGURE 6 ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION 40
FIGURE 7 NEW INSTALLATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 42
FIGURE 8 MACHINE-ROOM-LESS TRACTION ELEVATORS SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD 43
FIGURE 9 ELEVATORS SEGMENT TO REGISTER HIGHEST GROWTH DURING
FORECAST PERIOD 43
FIGURE 10 RESIDENTIAL SEGMENT TO DOMINATE MARKET IN 2025 44
FIGURE 11 ASIA PACIFIC DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2024 44
FIGURE 12 INCREASED CONSTRUCTION OF HIGH-RISE BUILDINGS EQUIPPED WITH SMART VERTICAL TRANSPORTATION OFFERS LUCRATIVE GROWTH OPPORTUNITIES 45
FIGURE 13 MACHINE-ROOM-LESS TRACTION ELEVATORS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 45
FIGURE 14 ELEVATORS SEGMENT TO DOMINATE MARKET IN TERMS OF VOLUME 46
FIGURE 15 MODERNIZATION SEGMENT TO REGISTER HIGHEST GROWTH
IN TERMS OF VOLUME 46
FIGURE 16 COMMERCIAL SEGMENT TO WITNESS HIGH GROWTH IN MARKET,
BY VOLUME, DURING FORECAST PERIOD 47
FIGURE 17 ELEVATORS SEGMENT ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024 47
FIGURE 18 US TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 48
FIGURE 19 ELEVATORS AND ESCALATORS MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 49
FIGURE 20 URBAN AND RURAL POPULATION, 1950–2050 (BILLION) 50
FIGURE 21 ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL,
AND INDUSTRIAL SECTORS, 1950–2024 51
FIGURE 22 GLOBAL AGING POPULATION (% INCREASE), 1970–2024 52
FIGURE 23 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
FIGURE 24 ELEVATORS AND ESCALATORS MARKET: VALUE CHAIN ANALYSIS 57
FIGURE 25 ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM 59
FIGURE 26 GEN AI USE IN ELEVATORS AND ESCALATORS MARKET 63
FIGURE 27 ELEVATORS AND ESCALATORS MARKET: MAJOR PATENTS, 2015–2024 64
FIGURE 28 JURISDICTION ANALYSIS, 2015–2024 65
FIGURE 29 EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (USD MILLION) 68
FIGURE 30 IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (USD MILLION) 69
FIGURE 31 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 77
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 81
FIGURE 33 KEY BUYING CRITERIA OF ELEVATORS AND ESCALATORS MARKET 81
FIGURE 34 INVESTOR DEALS AND FUNDING SOARED IN 2022 84
FIGURE 35 ELEVATORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 87
FIGURE 36 NEW INSTALLATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 92
FIGURE 37 MACHINE-ROOM-LESS TRACTION ELEVATORS SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 96
FIGURE 38 RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 100
FIGURE 39 US TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 105
FIGURE 40 ASIA PACIFIC TO LEAD ELEVATORS AND ESCALATORS MARKET IN 2024 106
FIGURE 41 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 108
FIGURE 42 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 120
FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES IN ELEVATORS AND ESCALATORS MARKET, 2020–2024 (USD BILLION) 194
FIGURE 44 ELEVATORS AND ESCALATORS MARKET SHARE ANALYSIS, 2024 194
FIGURE 45 COMPANY VALUATION (USD BILLION) 196
FIGURE 46 FINANCIAL MATRIX: EV/EBITDA RATIO 196
FIGURE 47 YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA 196
FIGURE 48 PRODUCT/BRAND COMPARISON 197
FIGURE 49 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 199
FIGURE 50 ELEVATORS AND ESCALATORS MARKET: COMPANY FOOTPRINT 200
FIGURE 51 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 204
FIGURE 52 SCHINDLER GROUP: COMPANY SNAPSHOT 226
FIGURE 53 OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT 231
FIGURE 54 KONE CORPORATION: COMPANY SNAPSHOT 238
FIGURE 55 HITACHI LTD.: COMPANY SNAPSHOT 244
FIGURE 56 HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT 249
FIGURE 57 FUJITEC CO., LTD.: COMPANY SNAPSHOT 254
FIGURE 58 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 262
