2021-2027 Global and Regional Elevator and Escalator Industry Status and Prospects Professional Market Research Report Standard Version
Summary
Market Analysis and Insights: Global Elevator and Escalator Market
Due to the COVID-19 pandemic, the global Elevator and Escalator market size is estimated to be worth US$ 36.79 billion in 2021 and is forecast to a readjusted size of US$ 46.89 billion by 2028 with a CAGR of 3.4% during the review period.
The global main manufacturers of Elevator and Escalator include Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi, Fujitec, and Hyundai, etc. In 2021, the global six largest players have a share approximately 70.83% in terms of revenue.
The North America Elevator and Escalator market is estimated at US$ 1.27 billion in 2021, while China is forecast to reach US$ 30.2 billion by 2028. The proportion of the China is 60.68% in 2021 and it is predicted that the share will reach 64.42% in 2028, trailing a CAGR of 4.26% through the analysis period. As for the Europe Elevator and Escalator landscape, Germany is projected to reach US$ 1.28 billion by 2028. and in Asia, the notable markets are India and Southeast Asia, CAGR is 4.14% and 2.94% respectively for the next 6-year period.
Elevator (Vertical) accounting for 82.31% of the Elevator and Escalator global market in 2021, is projected to value US$ 39.71 billion by 2028, growing at a revised 3.8% CAGR in the post-COVID-19 period. While Residential Area segment is altered to an 3.97% CAGR throughout this forecast period and will hold a share about 64.23% in 2028.
Global Elevator and Escalator Scope and Market Size
The global Elevator and Escalator market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Elevator and Escalator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on Production, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
Sicher Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao
CNYD
Meilun Elevator
IFE Elevators
Joylive Elevator
Dongnan Elevator
Segment by Type
Elevator (Vertical)
Escalator
Moving Walkway
Segment by Application
Residential Area
Commercial Office
Transportation Hub Area
Industrial Area
By Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Europe
Germany
France
U.K.
Italy
Russia
Spain
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