Elevator and Escalator Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The Elevator and Escalator market was valued at USD 11.97 billion in 2019 and is expected to reach USD 18.34 billion by 2027, growing at a CAGR of 5% from 2021 to 2027.

With the growth of the global construction market, construction companies around the world are focusing on reducing energy consumption levels and plan to achieve green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED). . ). This is helping the growth of the elevator and escalator market with a focus on reducing overall energy consumption levels.

Key Players: 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).

Thermal Energy Storage (TES) Market- Segmentation

By Type:

• Elevators (passenger, freight, single, and double deck elevators)
• Escalator
• Moving walkways

By Service:

• New installation
• Maintenance & repair
• Modernization

By Technology:

• Elevator technology (traction with a room, machine room less traction, hydraulic)

By End-use Industry:

• Residential
• Commercial
• Institutional
• Infrastructure
• Others (industrial and marine industry)

Key Questions Answered by Elevator and Escalator Market Report

• What was the Elevator and Escalator Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Elevator and Escalator Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Elevator and Escalator Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume