Global Elevators

Global demand for elevator equipment and services is forecast to climb 4.6% per year through 2024 to $155.7 billion. Ongoing global trends such as urbanization and accessibility for aging populations will be the primary drivers of growth for the elevator market going forward. The Asia/Pacific and Africa/Mideast regions will continue to represent strong growth opportunities in new equipment demand.

This report covers elevator product and service demand by market, product, service type, and country.

Data are provided in US dollar terms, with new elevator installations and installed base figures also shown in units.

Elevator markets covered in the study include:
Residential building construction
Nonresidential building construction
Elevator equipment and services include:
Passenger & freight elevators
Escalators & moving walkways
Parts & separately sold products
Installation services
Modernization & repair services

Demand is broken out for 18 countries in the following global regions:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast

Scope of the Report
This report covers the scope, size, and growth of the global elevator equipment and services market, including key trends in technology and underlying market changes. Historical data are provided for 2009, 2014, and 2019, with forecasts to 2024. Data are provided in US dollars, with elevator stock and new installations also given in units. Also included is an analysis of the industry leaders and their market shares.