Pune, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Global “Elevator and Escalator Market” is a comprehensive research that provides information regarding Elevator and Escalator market size, trends, growth, cost structure, capacity, revenue, and forecast 2026. This report also includes the overall study of the Elevator and Escalator Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analysis of the Elevator and Escalator industry and provides data for making strategies to increase Elevator and Escalator market growth and effectiveness. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the Elevator and Escalator market.
In 2019, the global Elevator and Escalator market size was US$ 34540 million and it is expected to reach US$ 36550 million by the end of 2026, with a CAGR of 0.8% during 2021-2026.
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Market Overview:
- An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
- In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
- The Elevators and Escalators market is very concerted market; the revenue of top ten manufacturers accounts about 83% of the total revenue in 2017.
- The leading manufactures mainly are Otis, Schindler, ThyssenKrupp, Kone and Mitsubishi Electric. Otis is the largest manufacturer; its revenue of global market exceeds 16.3% in 2017. The next is Schindler and ThyssenKrupp.
- There are mainly three type product of Elevators and Escalators market: Elevator, Escalator and Moving Walkway.
- Geographically, the global Elevators and Escalators market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and RoW. China held the largest share in the global market, its revenue of global market exceeds 66.82% in 2017. The next is Europe.
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Market Analysis and Insights: Global Elevator and Escalator Market
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Elevator and Escalator market in 2020.
- COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
- The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
- This report also analyses the impact of Coronavirus COVID-19 on the Elevator and Escalator industry.
The major players in the market include:
- Otis
- Schindler Group
- ThyssenKrupp
- Kone
- Mitsubishi Electric
- Toshiba
- Hitachi
- Fujitec
- Hyundai
- Yungtay Engineering
- Canny Elevator
- Volkslift
- Syney Elevator
- Sicher Elevator
- SJEC
- Guangri Elevator
- Hangzhou XiOlift
- Edunburgh Elevator
- Suzhou Diao
- CNYD
- Meilun Elevator
- IFE Elevators
- Joylive Elevator
- Dongnan Elevator
The report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- Elevator (Vertical)
- Escalator
- Moving Walkway
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Residential Area
- Commercial Office
- Transportation Hub Area
- Industrial Area
Some of the key questions answered in this report:
- What will the market growth rate, growth momentum or acceleration market carries during the forecast period?
- Which are the key factors driving the Elevator and Escalator market?
- What will be the size of the emerging Elevator and Escalator market in 2026?
- Which region is expected to hold the highest market share in the Elevator and Escalator market?
- What trends, challenges, and barriers will impact the development and sizing of the Global Elevator and Escalator market?
- What are the sales volume, revenue, and price analysis of top manufacturers of the Elevator and Escalator market?
- What are the Elevator and Escalator market opportunities and threats faced by the vendors in the global Elevator and Escalator Industry?
Global Elevator and Escalator Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and instrumentation and downstream demand analysis is additionally dispensed. The Global Elevator and Escalator market development trends and marketing channels are analyzed. Finally, the feasibility of the latest investment projects is assessed and overall analysis conclusions offered.
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Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Elevator and Escalator Market Forecast Period: 2020-2026
With tables and figures helping analyse worldwide Global Elevator and Escalator market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Some Points from TOC:
1 Study Coverage
1.1 Elevator and Escalator Product Introduction
1.2 Market by Type
1.2.1 Global Elevator and Escalator Market Size Growth Rate by Type
1.2.2 Elevator (Vertical)
1.2.3 Escalator
1.2.4 Moving Walkway
1.3 Market by Application
1.3.1 Global Elevator and Escalator Market Size Growth Rate by Application
1.3.2 Residential Area
1.3.3 Commercial Office
1.3.4 Transportation Hub Area
1.3.5 Industrial Area
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Elevator and Escalator Market Size Estimates and Forecasts
2.1.1 Global Elevator and Escalator Revenue 2015-2026
2.1.2 Global Elevator and Escalator Sales 2015-2026
2.2 Elevator and Escalator Market Size by Region: 2020 Versus 2026
2.3 Elevator and Escalator Sales by Region (2015-2026)
2.3.1 Global Elevator and Escalator Sales by Region: 2015-2020
2.3.2 Global Elevator and Escalator Sales Forecast by Region (2021-2026)
2.3.3 Global Elevator and Escalator Sales Market Share by Region (2015-2026)
2.4 Elevator and Escalator Market Estimates and Projections by Region (2021-2026)
2.4.1 Global Elevator and Escalator Revenue by Region: 2015-2020
2.4.2 Global Elevator and Escalator Revenue Forecast by Region (2021-2026)
2.4.3 Global Elevator and Escalator Revenue Market Share by Region (2015-2026)
3 Global Elevator and Escalator by Manufacturers
3.1 Global Top Elevator and Escalator Manufacturers by Sales
3.1.1 Global Elevator and Escalator Sales by Manufacturer (2015-2020)
3.1.2 Global Elevator and Escalator Sales Market Share by Manufacturer (2015-2019)
3.2 Global Top Elevator and Escalator Manufacturers by Revenue
3.2.1 Global Elevator and Escalator Revenue by Manufacturer (2015-2020)
3.2.2 Global Elevator and Escalator Revenue Share by Manufacturer (2015-2020)
3.3 Global Elevator and Escalator Price by Manufacturer (2015-2020)
3.4 Competitive Landscape
3.4.1 Key Elevator and Escalator Manufacturers Covered: Ranking by Revenue
3.4.2 Global Elevator and Escalator Market Concentration Ratio (CR5 and HHI) & (2015-2020)
3.4.3 Global Elevator and Escalator Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.5 Global Elevator and Escalator Manufacturing Base Distribution, Product Type
3.5.1 Elevator and Escalator Manufacturers Manufacturing Base Distribution, Headquarters
3.5.2 Manufacturers Elevator and Escalator Product Type
3.5.3 Date of International Manufacturers Enter into Elevator and Escalator Market
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 Otis
4.1.1 Otis Corporation Information
4.1.2 Otis Description, Business Overview
4.1.3 Otis Elevator and Escalator Products Offered
4.1.4 Otis Elevator and Escalator Sales, Revenue and Gross Margin (2015-2020)
4.1.5 Otis Elevator and Escalator Revenue by Product
4.1.6 Otis Elevator and Escalator Revenue by Application
4.1.7 Otis Elevator and Escalator Revenue by Geographic Area
4.1.8 Otis Elevator and Escalator Revenue by Sales Channel
4.1.9 Otis Recent Development
4.2 Schindler Group
4.2.1 Schindler Group Corporation Information
4.2.2 Schindler Group Description, Business Overview
4.2.3 Schindler Group Elevator and Escalator Products Offered
4.2.4 Schindler Group Elevator and Escalator Sales, Revenue and Gross Margin (2015-2020)
4.2.5 Schindler Group Elevator and Escalator Revenue by Product
4.2.6 Schindler Group Elevator and Escalator Revenue by Application
4.2.7 Schindler Group Elevator and Escalator Revenue by Geographic Area
4.2.8 Schindler Group Elevator and Escalator Revenue by Sales Channel
4.2.9 Schindler Group Recent Development
4.3 ThyssenKrupp
4.3.1 ThyssenKrupp Corporation Information
4.3.2 ThyssenKrupp Description, Business Overview
4.3.3 ThyssenKrupp Elevator and Escalator Products Offered
4.3.4 ThyssenKrupp Elevator and Escalator Sales, Revenue and Gross Margin (2015-2020)
4.3.5 ThyssenKrupp Elevator and Escalator Revenue by Product
4.3.6 ThyssenKrupp Elevator and Escalator Revenue by Application
4.3.7 ThyssenKrupp Elevator and Escalator Revenue by Geographic Area
4.3.8 ThyssenKrupp Elevator and Escalator Revenue by Sales Channel
4.3.9 ThyssenKrupp Recent Development
4.4 Kone
4.4.1 Kone Corporation Information
4.4.2 Kone Description, Business Overview
4.4.3 Kone Elevator and Escalator Products Offered
4.4.4 Kone Elevator and Escalator Sales, Revenue and Gross Margin (2015-2020)
4.4.5 Kone Elevator and Escalator Revenue by Product
4.4.6 Kone Elevator and Escalator Revenue by Application
4.4.7 Kone Elevator and Escalator Revenue by Geographic Area
4.4.8 Kone Elevator and Escalator Revenue by Sales Channel
4.4.9 Kone Recent Development
4.5 Mitsubishi Electric
4.5.1 Mitsubishi Electric Corporation Information
4.5.2 Mitsubishi Electric Description, Business Overview
4.5.3 Mitsubishi Electric Elevator and Escalator Products Offered
4.5.4 Mitsubishi Electric Elevator and Escalator Sales, Revenue and Gross Margin (2015-2020)
4.5.5 Mitsubishi Electric Elevator and Escalator Revenue by Product
4.5.6 Mitsubishi Electric Elevator and Escalator Revenue by Application
4.5.7 Mitsubishi Electric Elevator and Escalator Revenue by Geographic Area
4.5.8 Mitsubishi Electric Elevator and Escalator Revenue by Sales Channel
4.5.9 Mitsubishi Electric Recent Development
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