Elevator Market size to cross $130bn by 2025: Global Market Insights, Inc.

North America is a key elevator market which is forecast to grow with 3%+ CAGR during 2018 to 2025 owing to strict building and safety codes in the U.S. leads to increase maintenance & repair, building refurbishment and renovation activities.

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Selbyville, Delaware, Aug. 22, 2018 (GLOBE NEWSWIRE) --

Global Elevator Market share is expected to exceed USD 130 billion by 2025., says a new Global Market Insights, Inc. report highlighting the key industry trends across the product, end-user, and regional landscape. Mounting expenditure on construction and refurbishment projects will favorably impact lift market growth in the forthcoming years.

According to the report, hydraulic & pneumatic products accounted for one-fifth of the global elevator market share in 2017. As these products are characterized with lesser maintenance & installation costs they are gaining significant momentum across the industrial sector. The segment is anticipated to record an annual growth rate of 3% over 2018-2025.  

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The residential building & construction sub-segment is expected to attain 5% CAGR over 2018-2025, owing to the robust development in residential buildings and complexes, especially across the developing economies such as Chile, Peru & Malaysia.

Huge investment in building renovation and construction activities will majorly fuel the North America elevator market growth. Frequent repair & maintenance activities of lift services and strict building and safety codes in the U.S. have further proliferated market demand. Estimates claim that North America elevator market is likely to expand at a CAGR of 3% over 2018-2025.

The key players profiled in the elevator market report are Orona S.C., KONE Oyj, Fujitec Co., Ltd., Mitsubishi Electric Corporation, Otis Elevator Company and its parent company - United Technologies Corp., Schindler Group, Thyssenkrupp Elevator Technology (Thyssenkrupp AG), Express Lifts ltd, Hitachi, Ltd., Glarie Elevator Co. Ltd., Hyundai Elevator Co. Ltd., Shenyang Yuanda Intellectual Industry Group Co., Ltd., Eita Elevator (Malaysia) Sdn Bhd (Eita Resources Berhad), Toshiba Elevator and Building Systems Corporation, Escon Elevators Private Limited. The companies have been profiled in terms of their SWOT analysis, product portfolio, and strategic outlook.

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Scope of the Elevator Market Report:

  • Product landscape: Machine Room [MR] Traction, Hydraulic & Pneumatic, Machine Room-Less [MRL] Traction, Others
  • End-user landscape:    
    • Building & Construction: Residential, Commercial, Institutional
    • Industrial
  • Regional landscape: U.S., Canada, Italy, UK, Germany, France, Spain, Russia, Japan, India, China, Australia, Indonesia, South Korea, Malaysia, Mexico, Brazil, UAE, Saudi Arabia, Kuwait, South Africa

Browse key industry insights spread across 250 pages with 309 market data tables & 29 figures & charts from the report, “Elevator Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:


Chapter 3. Elevator Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2014 - 2025

3.3.  Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition at each stage

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix    List of key manufacturers/supplier    List of key/potential customers    List of key raw material suppliers    List of key service providers

3.4.  Raw material analysis

3.5.  Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

Browse Full TOC@ https://www.gminsights.com/toc/detail/elevator-market

3.6.  Industry impact forces

3.6.1. Elevator Market Growth drivers   Developments in the Asia Pacific building & construction industry   Elevator maintenance and service market growth in Europe and North America   Booming construction activities in the Middle East

3.6.2. Industry pitfalls & challenges   High installation and maintenance cost

3.7.  Elevator Market Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8.  Growth potential analysis

3.9.  Elevator Market Competitive landscape, 2017

3.9.1.   Company market share, 2017

3.9.2.   Brand analysis

3.9.3.   Key stakeholders

3.9.4.   Strategy dashboard

3.10.  Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Industry rivalry

3.11.  Regional price trends

3.11.1.  Cost structure analysis   R&D cost   Manufacturing & equipment cost   Raw material cost   Distribution cost   Operating cost   Miscellaneous cost

3.11.2.  Price by product

3.11.3.  Price by end-user

3.12.  PESTEL analysis

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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