According to www.techsciresearch.com latest Report- Global elevator & escalator market is projected to grow from $ 81 billion in 2018 to around $ 101 billion by 2024, owing to rising urbanization, growing construction and infrastructure sectors and increasing spending on maintenance and modernization of existing equipment base across the globe. Report URL- https://www.techsciresearch.com/report/global-elevators-and-escalators-market/2461.html

1. PUBLISHED : DECEMBER 2019
M A R K E T I N T E L L I G E N C E . C O N S U L T I N G www.techsciresearch.com
GLOBAL ELEVATOR & ESCALATOR
MARKET
BY TYPE, BY SERVICE, BY ELEVATOR
TECHNOLOGY, BY END-USER, BY ELEVATOR
DOOR TYPE,
BY REGION, BY COUNTRY,
COMPETITION, FORECAST & OPPORTUNITIES
2014 – 2024

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S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Satisfaction
4.3. Key Factors Influencing Purchase Decision
4.4. Challenges & Unmet Needs
4.5. Annual Maintenance Service
5. Global Elevator & Escalator Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
5.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
5.2.3. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
5.2.4. By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction)
5.2.5. By Elevator Door Type (Automatic and Manual)
5.2.6.
By Region (Asia-Pacific, Europe, North America, Middle East & Africa and South
America)
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5.2.7. By Company
5.3. Product Map
5.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
5.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
5.3.3. By Elevator Technology (Traction, Hydraulic and Machine Room-Less Traction)
5.3.4.
By End-User (Residential, Commercial, Institutional, Infrastructural and
Others)
5.3.5. By Elevator Door Type (Automatic and Manual)
5.3.6.
By Region (Asia-Pacific, Europe, North America, Middle East & Africa and South
America)
6. Asia-Pacific Elevator & Escalator Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
6.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
6.2.3.
By End-User (Residential, Commercial, Institutional, Infrastructural and
Others)
6.2.4. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
6.2.5. By Elevator Door Type (Automatic and Manual)
6.2.6. By Country
6.3. Product Map
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6.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
6.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
6.3.3. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
6.3.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
6.3.5. By Elevator Door Type (Automatic and Manual)
6.3.6. By Country
6.4. Asia-Pacific Elevator & Escalator Market Regional Analysis
6.4.1. China Elevator & Escalator Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Type
6.4.1.2.2. By Service
6.4.1.2.3. By End-User
6.4.1.2.4. By Elevator Technology
6.4.1.2.5. By Elevator Door Type
6.4.1.3. Pricing Analysis
6.4.1.4. Major Companies
6.4.2. Japan Elevator & Escalator Market Outlook
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6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Type
6.4.2.2.2. By Service
6.4.2.2.3. By End-User
6.4.2.2.4. By Elevator Technology
6.4.2.2.5. By Elevator Door Type
6.4.2.3. Pricing Analysis
6.4.2.4. Major Companies
6.4.3. South Korea Elevator & Escalator Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Type
6.4.3.2.2. By Service
6.4.3.2.3. By End-User
6.4.3.2.4. By Elevator Technology
6.4.3.2.5. By Elevator Door Type
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6.4.3.3. Pricing Analysis
6.4.3.4. Major Companies
6.4.4. India Elevator & Escalator Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value & Volume
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Type
6.4.4.2.2. By Service
6.4.4.2.3. By End-User
6.4.4.2.4. By Elevator Technology
6.4.4.2.5. By Elevator Door Type
6.4.4.3. Pricing Analysis
6.4.4.4. Major Companies
6.4.5. Australia Elevator & Escalator Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value & Volume
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Type
6.4.5.2.2. By Service
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6.4.5.2.3. By End-User
6.4.5.2.4. By Elevator Technology
6.4.5.2.5. By Elevator Door Type
6.4.5.3. Pricing Analysis
6.4.5.4. Major Companies
6.4.6. Malaysia Elevator & Escalator Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value & Volume
6.4.6.2. Market Share & Forecast, By Value
6.4.6.2.1. By Type
6.4.6.2.2. By Service
6.4.6.2.3. By End-User
6.4.6.2.4. By Elevator Technology
6.4.6.2.5. By Elevator Door Type
6.4.6.3. Pricing Analysis
6.4.6.4. Major Companies
6.4.7. Singapore Elevator & Escalator Market Outlook
6.4.7.1. Market Size & Forecast
6.4.7.1.1. By Value & Volume
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6.4.7.2. Market Share & Forecast
6.4.7.2.1. By Type
6.4.7.2.2. By Service
6.4.7.2.3. By End-User
6.4.7.2.4. By Elevator Technology
6.4.7.2.5. By Elevator Door Type
6.4.7.3. Pricing Analysis
6.4.7.4. Major Companies
7. Europe Elevator & Escalator Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
7.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
7.2.3. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
7.2.4. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
7.2.5. By Elevator Door Type (Automatic and Manual)
7.2.6. By Country
7.3. Product Map
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7.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
7.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
7.3.3. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
7.3.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
7.3.5. By Elevator Door Type (Automatic and Manual)
7.3.6. By Country
7.4. Europe Elevator & Escalator Market Regional Analysis
7.4.1. Germany Elevator & Escalator Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Type
7.4.1.2.2. By Service
7.4.1.2.3. By End-User
7.4.1.2.4. By Elevator Technology
7.4.1.2.5. By Elevator Door Type
7.4.1.3. Pricing Analysis
7.4.1.4. Major Companies
7.4.2. United Kingdom Elevator & Escalator Market Outlook
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7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Type
7.4.2.2.2. By Service
7.4.2.2.3. By End-User
7.4.2.2.4. By Elevator Technology
7.4.2.2.5. By Elevator Door Type
7.4.2.3. Pricing Analysis
7.4.2.4. Major Companies
7.4.3. France Elevator & Escalator Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Type
7.4.3.2.2. By Service
7.4.3.2.3. By End-User
7.4.3.2.4. By Elevator Technology
7.4.3.2.5. By Elevator Door Type
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7.4.3.3. Pricing Analysis
7.4.3.4. Major Companies
7.4.4. Poland Elevator & Escalator Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Type
7.4.4.2.2. By Service
7.4.4.2.3. By End-User
7.4.4.2.4. By Elevator Technology
7.4.4.2.5. By Elevator Door Type
7.4.4.3. Pricing Analysis
7.4.4.4. Major Companies
7.4.5. Romania Elevator & Escalator Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Type
7.4.5.2.2. By Service
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7.4.5.2.3. By End-User
7.4.5.2.4. By Elevator Technology
7.4.5.2.5. By Elevator Door Type
7.4.5.3. Pricing Analysis
7.4.5.4. Major Companies
8. North America Elevator & Escalator Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
8.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
8.2.3. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
8.2.4. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
8.2.5. By Elevator Door Type (Automatic and Manual)
8.2.6. By Country
8.3. Product Map
8.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
8.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
8.3.3. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
8.3.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
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8.3.5. By Elevator Door Type (Automatic and Manual)
8.3.6. By Country
8.4. North America Elevator & Escalator Market Regional Analysis
8.4.1. United States Elevator & Escalator Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Type
8.4.1.2.2. By Service
8.4.1.2.3. By End-User
8.4.1.2.4. By Elevator Technology
8.4.1.2.5. By Elevator Door Type
8.4.1.3. Pricing Analysis
8.4.1.4. Major Companies
8.4.2. Canada Elevator & Escalator Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Type
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8.4.2.2.2. By Service
8.4.2.2.3. By End-User
8.4.2.2.4. By Elevator Technology
8.4.2.2.5. By Elevator Door Type
8.4.2.3. Pricing Analysis
8.4.2.4. Major Companies
8.4.3. Mexico Elevator & Escalator Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Type
8.4.3.2.2. By Service
8.4.3.2.3. By End-User
8.4.3.2.4. By Elevator Technology
8.4.3.2.5. By Elevator Door Type
8.4.3.3. Pricing Analysis
8.4.3.4. Major Companies
9. Middle East & Africa Elevator & Escalator Market Outlook
9.1. Market Size & Forecast
9.1.1 By Value & Volume
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9.2. Market Share & Forecast
9.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
9.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
9.2.3. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
9.2.4. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
9.2.5. By Elevator Door Type (Automatic and Manual)
9.2.6. By Country
9.3. Product Map
9.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
9.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
9.3.3. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
9.3.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
9.3.5. By Elevator Door Type (Automatic and Manual)
9.3.6. By Country
9.4. Middle East & Africa Elevator & Escalator Market Regional Analysis
9.4.1. Saudi Arabia Elevator & Escalator Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
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9.4.1.2.1. By Type
9.4.1.2.2. By Service
9.4.1.2.3. By End-User
9.4.1.2.4. By Elevator Technology
9.4.1.2.5. By Elevator Door Type
9.4.1.3. Pricing Analysis
9.4.1.4. Major Companies
9.4.2. South Africa Elevator & Escalator Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Type
9.4.2.2.2. By Service
9.4.2.2.3. By End-User
9.4.2.2.4. By Elevator Technology
9.4.2.2.5. By Elevator Door Type
9.4.2.3. Pricing Analysis
9.4.2.4. Major Companies
9.4.3. UAE Elevator & Escalator Market Outlook
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9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Type
9.4.3.2.2. By Service
9.4.3.2.3. By End-User
9.4.3.2.4. By Elevator Technology
9.4.3.2.5. By Elevator Door Type
9.4.3.3. Pricing Analysis
9.4.3.4. Major Companies
9.4.4. Qatar Elevator & Escalator Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value & Volume
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Type
9.4.4.2.2. By Service
9.4.4.2.3. By End-User
9.4.4.2.4. By Elevator Technology
9.4.4.2.5. By Elevator Door Type
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9.4.4.3. Pricing Analysis
9.4.4.4. Major Companies
10. South America Elevator & Escalator Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Type (Elevator, Escalator and Moving Walk Ways)
10.2.2. By Service (Maintenance & Repair, New Installation and Modernization)
10.2.3. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
10.2.4. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
10.2.5. By Elevator Door Type (Automatic and Manual)
10.2.6. By Country
10.3. Product Map
10.3.1. By Type (Elevator, Escalator and Moving Walk Ways)
10.3.2. By Service (Maintenance & Repair, New Installation and Modernization)
10.3.3. By Elevator Technology (Traction & Machine Room-Less Traction and Hydraulic)
10.3.4. By End-User (Residential, Commercial, Institutional, Infrastructural and Others)
10.3.5. By Elevator Door Type (Automatic and Manual)
10.3.6. By Country
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10.4. South America Elevator & Escalator Market Regional Analysis
10.4.1. Brazil Elevator & Escalator Market Outlook
10.4.1.1. Market Size & Forecast
10.5.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Type
10.4.1.2.2. By Service
10.4.1.2.3. By End-User
10.4.1.2.4. By Elevator Technology
10.4.1.2.5. By Elevator Door Type
10.4.1.3. Pricing Analysis
10.4.1.4. Major Companies
10.4.2. Argentina Elevator & Escalator Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast, By Value
10.4.2.2.1. By Type
10.4.2.2.2. By Service
10.4.2.2.3. By End-User
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10.4.1.2.4. By Elevator Technology
10.4.1.2.5. By Elevator Door Type
10.4.2.3. Pricing Analysis
10.4.2.4. Major Companies
10.4.3. Colombia Elevator & Escalator Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Type
10.4.3.2.2. By Service
10.4.3.2.3. By End-User
10.4.3.2.4. By Elevator Technology
10.4.3.2.5. By Elevator Door Type
10.4.3.3. Pricing Analysis
10.4.3.4. Major Companies
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
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13. Competitive Landscape
13.1. Company Profiles
13.1.1. United Technologies Corporation
13.1.2. Schindler Holding Ltd.
13.1.3. KONE Corporation
13.1.4. thyssenkrupp AG
13.1.5. Mitsubishi Electric Corporation
13.1.6. Canny Elevator Co., Ltd
13.1.7. Hitachi Group
13.1.8. Fujitec Company Limited
13.1.9. Hyundai Elevators
13.1.10. Toshiba Elevator and Building Systems Corporation
14. Strategic Recommendations
15. About Us & Disclaimer
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P r o d u c t O v e r v i e w
• Elevator, Escalator, and moving walkways are also termed as vertical transportation system. An elevator or a lift can be
defined as a machine installed in buildings to carry, lift, transport or move people and goods from one floor to another. An
elevator can be used in various types of settings such as residential complexes, commercial buildings, malls, hospitals, etc.,
for moving passengers or goods from one level to another.
• Elevators can also be used in factories and industrial plants to transfer goods, machinery and finished products between
different floors.
• Depending on the requirement, elevators can be classified into the following types:
• Passenger Elevators: These are the most common and widely used elevators, primarily installed in hotels, housing
complexes, office buildings, hospitals, malls and various other locations.
• Freight Elevators: These elevators are installed and used in factories, industrial units, hospitals and hotels for
carrying goods, machinery or finished products.
• Others: Other elevator types include dumbwaiter, boat lifts in shipping yards and sidewalk elevators in industrial
buildings for transporting goods.
• Further, doors used in elevators can be categorized into two types:
• Automatic Doors: Automatic doors are standard doors used in elevators. These kind of doors are powered by an
electric door operator installed within the elevator car.
• Manual Doors: Manual or normal doors are opened or closed manually. These doors can be opened vertically or
horizontally.

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• Escalator is a set of moving stairs, usually power
driven, arranged like a continuous belt that carries
people between the floors of a building while
ascending or descending constantly. Important
escalator features include auto-start feature either by
photocell sensors or by contact mats, power saving
feature, landing plates and handrail & balustrade
design.
• Escalators are being majorly deployed in commercial
complexes such as shopping malls, department stores,
hotels, stadiums, arenas, convention centers and
transit systems like airports and railway stations.
• Escalators can be broadly categorized into two types –
moving stairs and moving walkways.
P r o d u c t O v e r v i e w

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P r o d u c t O v e r v i e w
Elevator & Escalator
Market Classification,
By Service
New Installations Maintenance & Repair Modernization
Source: TechSci Research
Source: TechSci Research
Classification of Elevators on
the basis of Machinery
Hydraulic Elevators Traction Elevators
Machine Room-Less
(MRL) Traction

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P r o d u c t O v e r v i e w
Classification of Elevators
on the basis of Door Type
Manual Automatic
Source: TechSci Research
Other include Airports, Railway, etc.
Source: TechSci Research
Elevators & Escalator Market
Classification, By End-User
Residential
Sector
Institutional
Sector
Commercial
Sector
Infrastructure
Sector
Others

26. Research Methodology

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Desk Research Company Analysis
 Identifying Key
Opinion Leaders
 Questionnaire
Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to
determine top
players in global
elevator & escalator
market, overall
market size and
segmental market
size.
In order to conduct
industry experts’
interviews, TechSci
formulated a
detailed
questionnaire.
List of industry
players and
industry
specialists was
developed.
TechSci conducted
interviews with
industry experts
and industry
players for data
collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was
scrutinized using MS-
Excel and statistical
methods, such as Time
Series Analysis, etc., to
obtain qualitative and
quantitative insights
about global elevator &
escalator market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research
R e s e a r c h M e t h o d o l o g y

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©TechSciResearch
OBJECTIVE: The primary objective of the study is to analyze and forecast the size of global elevator & escalator market, and
identify the market share by type, by service, by end-user, by elevator technology, by elevator door type, by region and by
company.
APPROACH & SOURCES: In order to extract, analyze and project global elevator & escalator market, both top down and
bottom up approaches were used. Multiple employees from following companies were interviewed through telephonic and face-
to-face meetings in order to extract and verify collected information.
Partial List of Companies/Associations Interviewed
United Technologies Corporation Schindler Holding Ltd.
KONE Corporation thyssenkrupp AG
Mitsubishi Electric Corporation Canny Elevator Co., Ltd
Hitachi Group Fujitec Company Limited
Hyundai Elevator Toshiba Elevator and Building Systems Corporation
TechSci Research has scrutinized various published documents from following key sources in order to fill the data gaps and verify
information being collected through primary research surveys.
Partial List of Secondary Sources
International Monetary Fund Investor Presentation
Annual Report National Bureau of Statistics of China
Company Websites Central Statistics Office India
World Bank International Monetary Fund
News Articles Canada Statistics
MEED General Authority for Statistics, Saudi Arabia
R e s e a r c h M e t h o d o l o g y

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©TechSciResearch
 In the beginning, a brief study of elevator & escalator market, globally, was conducted, which included analysis of information
such as end-user demand for elevators & escalators and growth in residential, commercial and other sectors, which can impact
the demand for elevators & escalators, globally.
 Then, a brief study on end-use segments such as commercial, institutional, residential and infrastructure was carried out,
which included analysis of information such as ongoing development projects, followed by the details of major projects in the
development stage, which can positively or negatively influence global elevator & escalator market.
 A detailed and in-depth scrutiny of information was done to understand each and every policy, as well as external or internal
factors that could affect the elevators & escalators market, globally. For this, various documents related to construction sector
were studied, followed by a detailed assessment of use of elevators & escalators.
 Finally, region-specific markets for elevators & escalators were analyzed and major companies which provide elevators &
escalators, globally, were identified. As there is a potential for elevators & escalators market, globally, the factors that are
leading to market growth were assessed for future forecast.
R e s e a r c h M e t h o d o l o g y
The study has been carried out considering various aspects of Global Elevator & Escalator market:

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©TechSciResearch
 Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of global elevator &
escalator market. The team has analyzed various industry segments and speculated a positive future of the industry. Our team
of analysts has provided an analysis of the industry’s performance in the future. This would enable our clients in planning their
investment decisions and exploring growth opportunities in global elevator & escalator market.
 For the study, TechSci Research gathered information through primary research surveys from various elevator & escalator
manufacturers, suppliers and maintenance companies to gather information regarding global elevator & escalator market.
Thorough check of company annual reports and secondary sources was also done to verify the information. We also put an
exhaustive search of credible paid databases such as Bloomberg, Factiva and Hoovers, including our internal database. Our
team of analysts has then evaluated all the collected information and presented the same in chronological order to depict a
meaningful and clear picture of global elevator & escalator market.
 While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses,
so that we can present the most accurate and precise information of the concerned industry.
R e s e a r c h M e t h o d o l o g y
Note: Volume figures across the report only include the data for new installation of elevator, escalator and moving
walkways.

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©TechSciResearch
I N D U S T R Y B R I E F
According to TechSci Research report, “Global Elevator & Escalator Market By Type, By Service, By Elevator Technology, By End-User, By
Elevator Door Type, By Region, Competition Forecast & Opportunities, 2014 - 2024’’, the global elevator & escalator market is projected to
cross $ 100 billion by 2024, on account of growing demand for high speed and machine room less elevators. Improving after sales services, proactive
maintenance & modernization of equipment and use of UltraRope elevator technology for high-rise buildings are expected to positively influence the
global elevator & escalator market in the coming years. Moreover, growing competition with increasing number of partnerships and mergers &
acquisitions is likely to fuel global elevator & escalator market, which is led by companies such as United Technologies Corporation, Schindler
Holding Ltd. and KONE Corporation.
Global elevator & escalator market is dominated by elevators, as they are majorly used in the residential sector. In terms of service, maintenance and
repair service segment accounts for the largest market share, owing to large installed base of elevators & escalators across the world. Asia-Pacific
dominated the market in 2018 and is expected to maintain its market dominance during the forecast period, backed by the presence of major
economies such as China, Japan, India and South Korea. Traction & Machine room less traction is the widely used elevator technology, globally,
owing to its better safety features, low maintenance cost and high energy efficiency compared to other technologies.
“Increasing Infrastructure developments across major developed as well as developing countries coupled with an increasing number of multi-storey
commercial and residential buildings across the globe are boosting demand for elevators and escalators, globally. Moreover, growing construction
activities, rising urbanization, technological advancements such as energy-saving regenerative drives, and strengthening after sales service have
also been positively influencing the market. Continuance of such upward trend in infrastructure and construction activities across the globe is
expected to drive the global elevator and escalator market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.

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©TechSciResearch
S A M P L E D AT A - S N A P S H O T
CAGR (2014-2018)
By Value: xx%
CAGR (2019E-2024F)
By Value: xx%
Global Elevator & Escalator Market Size, By Value, 2014-2024F (USD Billion)
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Elevator
,
33.00%
Escalator,
33.00%
Moving Walk
Ways, 34.00%
2018
USD xx
United States Elevator & Escalator Market Share, By Type, By Value, 2018 & 2024F
Elevator
,
33.00%
Escalator,
33.00%
Moving Walk
Ways,
34.00%
2024F
USD xx
BN
North America Elevator & Escalator Market Share, By End-User, By Value, 2018 & 2024F
Residentia
l Sector,
20.00%
Commercial
Sector,
20.00%
Infrastructur
al Sector,
20.00%
Institutional
Sector,
20.00%
Others,
20.00%
2024F
USD xx
BN
Residenti
al Sector,
20.00%
Commercial
Sector,…
Infrastr
uctural
Sector…
Institution
al Sector,…
Others,
20.00%
2018

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©TechSciResearch
R E P O R T O R D E R I N G
License Type Price
Electronic Access - Single User License $5950
Electronic Access - Multi-User License $6950
Custom Research License $9950
Report Price
To View Sample OR Purchase Report
Report Name: GLOBAL ELEVATOR & ESCALATOR MARKET
BY TYPE, BY SERVICE, BY ELEVATOR TECHNOLOGY, BY END-USER,
BY ELEVATOR DOOR TYPE, BY REGION, BY COUNTRY,
COMPETITION, FORECAST & OPPORTUNITIES
2014 – 2024

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©TechSciResearch
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India.
TechSci Research provides market research reports in a number of areas to organizations. The company uses
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use
and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,
Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
market.
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