Japan is one of the largest economies in the world. Although, the economy was severely affected during the global financial crises, the country has revived and is strongly heading on the path of growth. For more information on the research report, refer to below link: https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/japan-elevators-escalators-industry-research-report/142911-97.html

1. Japan Elevators and Escalators Market
Outlook to 2022: Ken Research

2. The report titled “Japan Elevators and Escalators Market by New
Equipment Installation & Maintenance & Modernization, by Elevator (by
End Usage, by Type of Machinery, by Door Types and by Sector) and by
Escalator (by End Usage and by Escalators and Moving Walkways) -
Outlook to 2022” provides a comprehensive analysis of elevators and
escalators market in Japan. The report covers Japan elevators and
escalators market size, market segmentations by new equipment
installation & maintenance & modernization, by elevator (by end usage
(passenger elevator market and material handling market), by type of
machinery (traction (gear & gearless) & hydraulic (conventional hydraulic &
roped) and MR & MRL),

3. by door types and by sector (commercial complexes and residential
complexes)) and by escalator (by end usage and by escalators & moving
walkways). The report also covers market in different aspects such as
trends and developments, issues and challenges, Porter Five Force
analysis, contract for installation and maintenance of an elevator or
escalator, safety rules issued by regulating authority, market share of major
companies, company profiles of major players (Kone, Otis, FujiTec,
Mitsubishi, ThyssenKrupp, Hitachi and Toshiba) in elevators and escalators
market. The report provides detailed overview on future outlook &
projections with analyst recommendations for the industry.
Industry Overview
Japan is one of the largest economies in the world. Although, the economy
was severely affected during the global financial crises, the country has
revived and is strongly heading on the path of growth. The country has a
robust pubic infrastructure as the government has been investing heavily
for renovation and building new public facilities. Around 90% of the
country’s population resides in urban areas. There has been a significant

4. rise in the number of buildings in major cities like Tokyo, Yokohama, Osaka
and Nagoya since 2000. On account of the strong real estate market in the
country the elevator and escalator market in the country has also
witnessed growth. The market has grown at a rate of ~% during 2012-
2017. The overall market grew from USD ~ million in 2012 to USD ~ million
in 2017. Although, the real estate market suffered a set-back during 2009-
2013, but there has been growth since then. The country also has a high
life expectancy rate, and the birth rate in the country has plummeted in
the past few years. This has led to a significant rise in the country's ageing
population. All these factors have collectively acted as a catalyst for the
Japanese elevators and escalators market.
Market Segmentation of Japan Elevators and Escalators Market
Japan Elevators and Escalators Market: The Japan market for elevators and
escalators has been bifurcated into two segments; new equipment
installation and maintenance & modernization. In 2017, the revenue
contributed by installation of new equipment was ~% (USD ~ million) of
the total elevators and escalators market in Japan.

5. While the rest ~% (USD ~ million) of share in the market was contributed
by maintenance and modernization of already installed equipments.
Japan Elevators Market Segmentation: The elevators market in the Japan
has been further segmented by sector, by types of machinery, door types
and by end usage. On the basis of sector, the elevator market can further
be bifurcated into elevators used in commercial complexes (retail spaces,
office complexes, schools & colleges, hospitals, hotels and public
infrastructure (airports, railways etc.)) which contributed ~% (USD ~
million) of the overall elevator market in 2017, while the rest ~% (USD ~
million) was contributed by elevators used in residential complexes. By
type of machinery used, the elevator market was bifurcated into traction
machinery which contributed ~% (USD ~ million) and the rest ~% (USD ~
million) was contributed by hydraulic machinery. The elevator market can
also be bifurcated into Machine Room (MR) which contributed ~% (USD ~
million) and Machine Room Less (MRL) which contributed ~% (USD ~
million) of the overall elevator market in 2017. The elevator market has
also been bifurcated on the different types of doors used in an elevator.

6. On the basis of end usage the elevator market has been segmented into
passenger elevator market and material handling elevator market. The
passenger elevator market contributed a share of ~% (USD ~ million) to the
overall elevator market in 2017, while the rest ~% (USD ~ million) was
contributed by material handling elevator market.
Japan Escalators Market Segmentation: The escalators market in Japan has
been further segmented by sector and by escalators & moving walkways. On
the basis of sector, the escalators market can further be segmented into
different types of commercial complexes (retail spaces, office complexes,
schools & colleges, hospitals, hotels and public infrastructure (airports,
railways etc.)). The market has also been segmented into stair escalators
which contributed ~% (USD ~ million) and moving walkways which contributed
the rest ~% (USD ~ million) to the overall escalators market in Japan in 2017.
Competitive Scenario in Japan Elevators and Escalators Market
The elevators and escalators market is highly concentrated and comprises of
all the global players of the industry. The competition in the market is high as

7. companies follow globally accepted standards. The entry of a new player is
extremely difficult as the investment capital is very high. Companies have
their own sales office and teams in different parts of the country. The major
players in the Japan elevator and escalator market are; Kone, Otis, FujiTec,
Mitsubishi, ThyssenKrupp, Hitachi and Toshiba.
Otis was the pioneer of safety elevator in the industry and is the world’s
largest manufacturer of vertical transport systems. The company is present
in more than 200 companies across the globe with around 66,000
employees worldwide and has its headquarters in Farmington, Connecticut,
US. The company accounted for a share of ~% in the overall elevator and
escalator market in Japan during 2017. Kone was founded in Helsinki,
Finland in the year 1910. The company is one of the global leaders in
manufacturing elevators and escalators. The company has operations in
over 60 countries and authorized distributors in around 80 countries across
the world. The company was also the pioneer of machine room less
elevator system. The company accounted for a share of ~% in the overall
elevator and escalator market in Japan during 2017. Fujitec was founded in

8. Osaka, Japan in the year 1948. The company is one of the leading
manufacturers of elevators and escalators in the world. The company has
its sales offices across the globe and its operational headquarters in
Americas, South Asia, East Asia and Europe. The company accounted for a
share of ~% in the overall elevator and escalator market in Japan during
2017. Mitsubishi Electric is a Japanese company founded in 1921. The
company is a global behemoth and manufactures a range of other
products as well. The company has a well established sales network
across the globe and in Japan. The company accounted for a share of ~%
in the overall elevator and escalator market in Japan during 2017.
ThyssenKrupp is a multinational conglomerate present in more than 80
countries and employs around 155,000 people. The group manufactures
a range of products and elevators and escalators manufacturing accounts
for a substantial part of it. The company accounted for a share of ~% in
the overall elevator and escalator market in Japan during 2017. Other
major players in the Japanese elevator and escalator market are Hitachi
and Toshiba.

9. Future Potential of Japan Elevators and Escalators Market
The revenue from the Japanese elevators and escalators industry is
projected to register modest growth over the period 2018-2022. It is
projected to grow by CAGR of ~% over the period 2018-2022 and is
expected to reach USD ~ million in 2022 as compared to USD ~ million in
2018. Owing to the financial stabilization of the country’s economy the real
estate and public infrastructure sector of the country is likely to have
tremendous growth the future. The government is investing heavily into
the building and maintenance of public infrastructure facilities. The real
estate market is likely to witness substantial growth in Japan. Projects like
the “Park Court Akasaka Hinokicho The Tower”& “Park Court Aoyama the
Tower” in Tokyo and “Branz Tower Umeda North” & “The Fine Tower
Umeda Toyosaki” in Osaka will catapult the elevator and escalator market
in the future. Similar projects are expected to come across all the major
cities in the country. The ageing population of the country has been
projected to grow substantially, which is further likely to create demand for
elevators and escalators. The takeover of Schindler’s Japanese business by
Otis Japan has made the market more concentrated and strengthened the

10. presence of Otis in Japan. The company is expected to further increase its
business substantially in the country.
Key Topics Covered in the Report:
Japan Elevators and Escalators Market Revenue
Japan Elevators Market Demand
Escalators Demand in Japan
Japan Elevator Maintenance Market
Japan Escalators Maintenance Market
Elevators Demand from Commercial and Retail Sector
Passenger Elevator Market Size Japan
Material Handling Elevators Market Size Japan
Escalators Demand from Residential Sector
Competition Japan Elevators and Escalators Industry
Major Companies Japan Elevators and Escalators Market
Future Outlook of Japan Elevators Market
Future Outlook of Japan Escalators Market
Otis Japan Revenue from elevators and escalators

11. Kone Japan Revenue from elevators and escalators
Schindler Japan Revenue from elevators and escalators
Mitsubishi Japan Revenue from elevators and escalators
Fujitec Japan Revenue from elevators and escalators
ThyssenKrupp Japan Revenue from elevators and escalators
For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-
and-parts/japan-elevators-escalators-industry-research-report/142911-
97.html
Related Reports by Ken Research
https://www.kenresearch.com/manufacturing-and-construction/machinery-
and-parts/china-elevator-escalator-market-research-report/421-97.html
https://www.kenresearch.com/manufacturing-and-
construction/infrastructure/india-facility-management-market-
research-report/6193-97.html

12. Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-124-4230204