Asia Pacific Elevator & Escalator Market Outlook, 2026

Abstract
According to the report titled - Asia Pacific Elevator & Escalator Market Outlook, 2026 by Bonafide Research, the region is to continue developing at a rapid pace, with economic growth projected to reach an annual average rate the fastest among all global regions. The market, valued at USD 31.89 Billion in 2015, dominated the global market with nearly half of the share. Even with a high concentration of major companies, the region is expected to show a growth of less than 7% rate in the forecasted period.
Most of the developing countries in the region are focusing on the improvement of their infrastructure and connectivity, which is to give a huge market scope for the manufactures to capture their products. The new projects will create a demand for elevators and escalators. Real estate investment in the vicinity of these metro rail stations will also create a demand for the market. The elevator segment was at a value of USD 22.72 Billion in the year 2020, its expected incline in the market share further while the escalator segment is to decline to a share of 28.66% by the end of the forecasted period. The growing passenger traffic at airport terminals will drive the market for the horizontal moving walkway segment, which is anticipated to cross a market value of over USD 6 Billion by the end of the forecasted period.
The Asia Pacific is the dominating region with an increase in demand from the key economies and developing areas, such as India and Southeast Asia. With an improvised demand for better infrastructure, the region gains more from the new installation service. The segment held to a share of 50.09% in the year 2015. With major of the fixtures being a decade old or more, the region is to witness the highest expected CAGR of 6.99% from the maintenance & repair segment. The least contributing segment is expected to reach a market of USD 5.17 Billion by the end of the forecasted period.
Much of this growth is being driven by investment in new infrastructure while increasing domestic demand is driving the expansion in the construction of buildings across the residential and non-residential sectors. The market is led by the residential end users, which recorded a value of USD 14.21 Billion in the year 2015. The increasing shift towards eco-efficiency, flexible design, and safety is driving the commercial segment. Besides, the increase in self-employment has led to the demand for multiple co-work places over the past few years. Thus, growing investments in office space are to result in the commercial end users reaching a market share of 26.76% by the year 2026.
China has 14 cities with populations over 5 million, including Shanghai with 22 million people. It is here that companies debut their most impressive innovations, such as Mitsubishi Electric’s first-in-the-world spiral escalator in the Daimaru department store. Thus, it is no wonder that the country held to a share of over 63% since the year 2015 and continues through the forecasted period. The Australian market is expected to exhibit modest growth owing to infrastructural development and major construction projects such as the construction of the University Of Tasmania Inveresk Campus (TAS), Oakland Crossing Rail Project (NSW), and the Brisbane Metro, yet contributing to merely USD 0.39 Billion by the end of the forecasted period. Nearly half of the market in the Asia Pacific is controlled by big international players, like Otis, KONE, Mitsubishi Electric, and Hitachi Elevator. Another 25% comprises other large international and domestic players, such as Canny Elevator, SJEC Corp., and Shenyang Brilliant Elevator Co. Ltd., along with ThyssenKrupp and Schindler.

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. Asia Pacific 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. China 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
4.3.2.3. By End User
4.4. Japan 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
4.4.2.3. By End User
4.5. India 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
4.5.2.3. By End User
4.6. Australia Elevator And Escalator Market Outlook
4.6.1. Market Size By Value
4.6.2. Market Share
4.6.2.1. By Type
4.6.2.2. By Service
4.6.2.3. 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. Beacon Engineering
7.1.13.2. Canny Elevator
7.1.13.3. Eita Elevator
7.1.13.4. Escon Elevator Private Limited
7.1.13.5. Eskay Elevator
7.1.13.6. Express Lifts Limited
7.1.13.7. Hangzhou Xo- Lift Elevator
7.1.13.8. Moriya Elevator
7.1.13.9. Ningbo Xinda Group
7.1.13.10. Omega Elevator
7.1.13.11. Sanyo Elevator
7.1.13.12. Shenyang Brilliant Elevator
7.1.13.13. Suzhou Diao
7.1.13.14. Suzhou Shenlong Elevator
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: Asia Pacific Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 6: Asia Pacific Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 7: Asia Pacific Elevator And Escalator Market Share By Country (2015, 2020 & 2026f)
Table 8: China Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 9: China Elevator And Escalator Market Growth Rate By Service
Table 10: China Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 11: China Elevator And Escalator Market Growth Rate By End User
Table 12: Japan Elevator And Escalator Market Growth Rate By Service
Table 13: Japan Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 14: Japan Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 15: Japan Elevator And Escalator Market Growth Rate By End User
Table 16: India Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 17: India Elevator And Escalator Market Growth Rate By Service
Table 18: India Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 19: India Elevator And Escalator Market Growth Rate By End User
Table 20: Australia Elevator And Escalator Market Growth Rate By Service
Table 21: Australia Elevator And Escalator Market Share By Service (2015, 2020 & 2026f)
Table 22: Australia Elevator And Escalator Market Share By End User (2015, 2020 & 2026f)
Table 23: Australia Elevator And Escalator Market Growth Rate By End User
Table 24: Key Facts Of Fujitec Corporation Limited
Table 25: Key Facts Of Hitachi Group
Table 26: Key Facts Of Hyundai Elevator Corporation Limited
Table 27: Key Facts Of Kleemann Hellas
Table 28: Key Facts Of Kone Corporation
Table 29: Key Facts Of Mitsubishi Electric Corporation
Table 30: Key Facts Of Otis Worldwide Corporation
Table 31: Key Facts Of Schindler Group
Table 32: Key Facts Of Sigma Elevator Company
Table 33: Key Facts Of Stannah Lifts Holdings Limited
Table 34: Key Facts Of Thyssenkrupp Ag
Table 35: Key Facts Of Toshiba Elevator And Building System Corporation