Global Elevators

Global Elevators

This report forecasts to 2028 global demand for elevator equipment and services by type, market, and major world region in nominal US dollars at the manufacturer level. Type segments include: passenger and freight elevators, escalators and moving walkways, elevator parts and separately sold products, installation services, and modernization and repair services. Reported markets encompass: residential and nonresidential. Major world regions include North America, Western Europe, Asia/Pacific, and all other regions.

To illustrate historical trends, world, type, market, and regional demand (including type and market segments) are provided for 2013, 2018, and 2023. Finally, global elevator equipment shipments are segmented by major world region and provided for 2013, 2018, 2023, and 2028.

For the purposes of this report, general references to elevators or the elevator market include escalators and moving walkways, parts, and services, while elevators themselves, often referred to as lifts in European publications, are described as passenger and freight elevators. Products beyond the scope of this report include aerial work platforms (man lifts), chair lifts, and conveyor systems used for the transport of goods.

For any given historical year, US dollar amounts are obtained from values expressed in the applicable local currency. These local currency values are converted to US dollars at the average annual exchange rate for that year. For forecast years, the US dollar amounts assume the same annual exchange rate as that prevailing in 2023.

Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes:

• 333921 Elevator and Moving Stairway Manufacturing