Global Elevator & Escalator Market Overview, 2020-26

Abstract
The report titled 'Global Elevator & Escalator Market Overview, 2020-26' published by Bonafide Research study report offers a valuable insight with an emphasis on the global market from the period of 2015 to 2026. The segments considered for the elevators & escalators market in this includes by type, service, and end-use industry across the regions. The overall global market was at USD 68.31 Billion in the year 2015, which faced a downfall in the year 2020 because of the Covid pandemic. The recent COVID-19 outbreak has resulted in declining market growth. However, several factors are expected to drive the elevator and escalator market during the forecast period. The market is projected to witness high growth because of the growing end-use industries apart from residential and commercial and the rising demand from emerging countries such as China and India. The residential segment is to have the largest market share followed by the commercial industry becoming the next end-use industry to play a key role in changing the elevators & escalators industry landscape and grow at the highest rate during the forecast period. The market is to grow with an anticipated CAGR of over 6% through the forecasted period.
Elevators & escalators are demanded by various industries as they offer comfort and easy movement of people and goods between various floors of a building. These are some main reasons, which have led to the growth of the industry. By type, the elevator segment leads the market at a share of 58.26% in 2020. The growing geriatric population is another factor boosting its installation. The booming construction sector resulting in rapid demand for elevators in high-rise and mid-rise buildings is further pushing the market growth. Similarly, the moving walkway segment is to grow with an anticipated CAGR of 6.70%, while the escalator segment is expected to show a decline in the market. Rising usage of elevators and escalators at airports, malls, subways, hospitals, office buildings, and other commercial spaces to offer ease in transit is driving the market growth.
The residential industry, for a long time, has been the major contributor to the rising demand for elevators & escalators, accounted for a value of USD 31.30 Billion in the year 2015. However, in recent times, it has been closely competing with the commercial industry. The commercial end user segment is expected to show a marginal decline and reach USD 28.81% in the year 2020. The increasing focus of government towards high rise infrastructures coupled with the increasing need for rapid transit is expected to fuel the growth. Tourism is another sector, which encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries. These factors are to influence the other end user segment that is to grow with an anticipated CAGR of over 6%.
The life cycle of the escalators and elevators starts with the new equipment installation, which in 2020 accounted for a value of USD 33.14 Billion. Modernization is the next step in the complete life cycle of escalators and elevators. After a certain period, the equipment requires a full replacement. Among these, the maintenance & repair segment amounts to the highest, globally, expected to hold a market of 45.44% by the forecasted period.
Asia-Pacific is to have the largest market share and dominate the elevators & escalators market, expected to cover 47.77% by the end-of-year 2026. The region offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making the region the fastest-growing market. The expansion of the elevators & escalators market in this region is propelled by factors such as the growth of the residential, commercial, institutional, and infrastructure industries. The increasing population and economic development are other factors that further drive the growth of this region. The regions of Latin America and Middle East & Africa together contributed to less than 15% of the market in 2020.
Factors such as stringent regulations in the elevators & escalators industry are some of the serious restraints for the growth of the market. The global market for elevators and escalators is dominated by players such as KONE Corporation (Finland), United Technologies (U.S.), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), ThyssenKrupp AG (Germany), FUJITEC (Japan), Hitachi Ltd. (Japan), Hyundai Elevator Co., Ltd. (South Korea), Toshiba Corporation (Japan), and Electra Ltd. (Israel).

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 By Type
4.4. Canada Elevator And Escalator Market Outlook
4.4.1. Market Size By Value
4.4.2. Market Share By Type
4.5. Mexico Elevator And Escalator Market Outlook
4.5.1. Market Size By Value
4.5.2. Market Share By Type
5. Europe Elevator And Escalator Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Type
5.2.2. By Service
5.2.3. By End User
5.2.4. By Country
5.3. Germany Elevator And Escalator Market Outlook
5.3.1. Market Size By Value
5.3.2. Market Share By Type
5.4. Uk Elevator And Escalator Market Outlook
5.4.1. Market Size By Value
5.4.2. Market Share By Type
5.5. France Elevator And Escalator Market Outlook
5.5.1. Market Size By Value
5.5.2. Market Share By Type
5.6. Italy Elevator And Escalator Market Outlook
5.6.1. Market Size By Value
5.6.2. Market Share By Type
5.7. Spain Elevator And Escalator Market Outlook
5.7.1. Market Size By Value
5.7.2. Market Share By Type
5.8. Russia Elevator And Escalator Market Outlook
5.8.1. Market Size By Value
5.8.2. Market Share By Type
6. Asia Pacific Elevator And Escalator Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Type
6.2.2. By Service
6.2.3. By End User
6.2.4. By Country
6.3. China Elevator And Escalator Market Outlook
6.3.1. Market Size By Value
6.3.2. Market Share By Type
6.4. Japan Elevator And Escalator Market Outlook
6.4.1. Market Size By Value
6.4.2. Market Share By Type
6.5. India Elevator And Escalator Market Outlook
6.5.1. Market Size By Value
6.5.2. Market Share By Type
6.6. Australia Elevator And Escalator Market Outlook
6.6.1. Market Size By Value
6.6.2. Market Share By Type
7. Latin America Elevator And Escalator Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1.1. By Type
7.2.2. By Service
7.2.3. By End User
7.2.4. By Country
7.3. Brazil Elevator And Escalator Market Outlook
7.3.1. Market Size By Value
7.3.2. Market Share By Type
7.4. Argentina Elevator And Escalator Market Outlook
7.4.1. Market Size By Value
7.4.2. Market Share By Type
7.5. Colombia Elevator And Escalator Market Outlook
7.5.1. Market Size By Value
7.5.2. Market Share By Type
8. Middle East & Africa Elevator And Escalator Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Type
8.2.2. By Service
8.2.3. By End User
8.2.4. By Country
8.3. Saudi Arabia Elevator And Escalator Market Outlook
8.3.1. Market Size By Value
8.3.2. Market Share By Type
8.4. Uae Elevator And Escalator Market Outlook
8.4.1. Market Size By Value
8.4.2. Market Share By Type
8.5. Qatar Elevator And Escalator Market Outlook
8.5.1. Market Size By Value
8.5.2. Market Share By Type
8.6. South Africa Elevator And Escalator Market Outlook
8.6.1. Market Size By Value
8.6.2. Market Share By Type
9. Market Dynamics
9.1. Key Drivers
9.2. Key Challenges
10. Market Trends And Developments
11. Company Profiles
11.1.1. Fujitec Corporation Limited
11.1.2. Hitachi Group
11.1.3. Hyundai Elevator Corporation Limited
11.1.4. Kleemann Hellas
11.1.5. Kone Corporation
11.1.6. Mitsubishi Electric Corporation
11.1.7. Otis Worldwide Corporation
11.1.8. Schindler Group
11.1.9. Sigma Elevator Company
11.1.10. Stannah Lifts Holdings Limited
11.1.11. Thyssenkrupp Ag
11.1.12. Toshiba Elevator And Building System Corporation
12. 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: Europe Elevator and Escalator Market Share By Service (2015, 2020 & 2026F)
Table 9: Europe Elevator and Escalator Market Share By End User (2015, 2020 & 2026F)
Table 10: Europe Elevator and Escalator Market Share By Country (2015, 2020 & 2026F)
Table 11: Asia Pacific Elevator and Escalator Market Share By Service (2015, 2020 & 2026F)
Table 12: Asia Pacific Elevator and Escalator Market Share By End User (2015, 2020 & 2026F)
Table 13: Asia Pacific Elevator and Escalator Market Share by Country (2015, 2020 & 2026F)
Table 14: Latin America Elevator and Escalator Market Share By Service (2015, 2020 & 2026F)
Table 15: Latin America Elevator and Escalator Market Share By End User (2015, 2020 & 2026F)
Table 16: Latin America Elevator and Escalator Market Share by Country (2015, 2020 & 2026F)
Table 17: Middle East & Africa Elevator and Escalator Market Share By Service (2015, 2020 & 2026F)
Table 18: Middle East & Africa Elevator and Escalator Market Share By End User (2015, 2020 & 2026F)
Table 19: Middle East & Africa Elevator and Escalator Market Share by Country (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