North America Elevator & Escalator Market Outlook, 2026

Abstract
The report 'North America Elevator & Escalators Market Outlook, 2026' by Bonafide Research covers explicit information regarding the development rate, market estimates, drivers, limitations, future demand, and revenue during the forecast period. In the year 2015, the North America market was valued at USD 14.09 Billion, post that the region has shown a constantly growing urbanization and focused on boosting the infrastructure in transportation and power sectors. The focus of the region towards energy consumption and boosting green energy in the region is expected to trigger the sound growth of the North America elevator and escalator market with a futuristic CAGR of over 5%.
The market can be segmented into three major categories in terms of types, of which the elevator segment held the highest share of 55.01% in the year 2020. The moving walkway segment contributes the least share, and by the end of the forecasted period, the segment is to reach a value of USD 3.84 Billion. North America region has a large aging elevator and escalators installed base, which results in structural growth potential for the maintenance and modernization services market in the region. Due to this, the segment of maintenance & repair leads the market, followed by the new installation segment. The former segment was valued at USD 7.47 Billion in the year 2019. The new installation segment declined in the market share and reached 29.53% in the year 2020. Another driver for the market is the stringent safety rules imposed by the government. Increased safety standards have propelled the market demand for innovative elevators, which would drive the market demand for the modernization segment to a market value of over USD 4 Billion by the end of the forecasted period.
All nationwide laws governing elevator maintenance are set by the Occupational Safety and Health Administration and the American Society of Mechanical Engineers. Besides, most states and cities have additional standards and codes. The US holds an unbeatable share of over 75% since the last decade, which is in a declining stage given the rise in the market share of other smaller countries.
The year 2018 saw a rapid increase in construction growth across the US & Canada, with the residential sector a key driver of the pickup, with low borrowing costs and wage growth continuing to increase demand for more housing units. Top construction projects of 2018 were: Vista Tower (Chicago), SalesForce Tower (San Francisco), 6 AM Development (Los Angeles), One Vanderbilt (New York), Winthrop Square Garage (Boston), and Comcast Technology Center (Philadelphia). The pace of growth will recover from 2021 onwards as the ongoing infrastructure investments and smart city projects will add momentum for the region’s construction industry. The North America elevator and escalator market are less competitive, with the presence of major international players occupying a large market share and leaving less scope for other small and medium-scale players. The North America elevator and escalator market present opportunities for growth during the forecast period, which is expected to further drive market competition.

Content
Table Of Content
1. Executive Summary
2. Report Methodology
3. Global Elevator And Escalator Market Outlook
3.1. Market Size By Value
3.2. Market Share
3.2.1. By Type
3.2.2. By Service
3.2.3. By End User
3.2.4. By Region
3.2.5. By Country
3.2.6. By Company
4. North America Elevator And Escalator Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Service
4.2.3. By End User
4.2.4. By Country
4.3. Us Elevator And Escalator Market Outlook
4.3.1. Market Size By Value
4.3.2. Market Share
4.3.2.1. By Type
4.3.2.2. By Service
4.3.3. By End User
4.4. Canada Elevator And Escalator Market Outlook
4.4.1. Market Size By Value
4.4.2. Market Share
4.4.2.1. By Type
4.4.2.2. By Service
4.4.3. By End User
4.5. Mexico Elevator And Escalator Market Outlook
4.5.1. Market Size By Value
4.5.2. Market Share
4.5.2.1. By Type
4.5.2.2. By Service
4.5.3. By End User
5. Market Dynamics
5.1. Key Drivers
5.2. Key Challenges
6. Market Trends And Developments
7. Company Profiles
7.1.1. Fujitec Corporation Limited
7.1.2. Hitachi Group
7.1.3. Hyundai Elevator Corporation Limited
7.1.4. Kleemann Hellas
7.1.5. Kone Corporation
7.1.6. Mitsubishi Electric Corporation
7.1.7. Otis Worldwide Corporation
7.1.8. Schindler Group
7.1.9. Sigma Elevator Company
7.1.10. Stannah Lifts Holdings Limited
7.1.11. Thyssenkrupp Ag
7.1.12. Toshiba Elevator And Building System Corporation
7.1.13. Company Overviews
7.1.13.1. Delta Elevator
7.1.13.2. Elevator One
7.1.13.3. Mid American Elevators
7.1.13.4. Ram Elevators
7.1.13.5. Savaria
8. Strategic Recommendations
9. Disclaimer

List Of Table
Table 1: Global Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 2: Global Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 3: Global Elevator And Escalator Market Share By Region (2015, 2020 & 2026f)
Table 4: Global Elevator And Escalator Market Share By Country (2015, 2020 & 2026f)
Table 5: North America Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 6: North America Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 7: North America Elevator And Escalator Market Share By Country (2015, 2020 & 2026f)
Table 8: Us Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 9: Us Elevator And Escalator Market Growth Rate By Service
Table 10: Us Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 11: Us Elevator And Escalator Market Growth Rate By End User (2015, 2020 & 2026f)
Table 13: Canada Elevator And Escalator Market Growth Rate By Service
Table 12: Canada Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 14: Canada Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 15: Canada Elevator And Escalator Market Growth Rate By End User (2015, 2020 & 2026f)
Table 16: Mexico Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 17: Mexico Elevator And Escalator Market Growth Rate By Service
Table 18: Mexico Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 19: Mexico Elevator And Escalator Market Growth Rate By End User (2015, 2020 & 2026f)
Table 20: Key Facts Of Fujitec Corporation Limited
Table 21: Key Facts Of Hitachi Group
Table 22: Key Facts Of Hyundai Elevator Corporation Limited
Table 23: Key Facts Of Kleemann Hellas
Table 24: Key Facts Of Kone Corporation
Table 25: Key Facts Of Mitsubishi Electric Corporation
Table 26: Key Facts Of Otis Worldwide Corporation
Table 27: Key Facts Of Schindler Group
Table 28: Key Facts Of Sigma Elevator Company
Table 29: Key Facts Of Stannah Lifts Holdings Limited
Table 30: Key Facts Of Thyssenkrupp Ag
Table 31: Key Facts Of Toshiba Elevator And Building System Corporation