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, travellator, 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.
According to our (Global Info Research) latest study, the global Elevator market size was valued at USD 40660 million in 2022 and is forecast to a readjusted size of USD 44930 million by 2029 with a CAGR of 1.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Elevator market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Elevator
Escalator
Moving Walkway
Market segment by Application
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Major players covered
Otis
Kone
Schindler
Mitsubishi Electric
TK Elevator
Hitachi
Toshiba
Hyundai
Hangzhou XiOlift
Fujitec
Yungtay Engineering
Canny Elevator
Volkslift
Guangri Elevator
SJEC
Edunburgh Elevator
IFE Elevators
Meilun Elevator
Suzhou Diao
CNYD
Syney Electric
Dongnan Elevator
The major players in global elevator market include Otis, Schindler, ThyssenKrupp, etc. The top 3 players occupy about 45% shares of the global market. China and Europe are main markets, they occupy about 80% of the global market. Elevator is the main type, with a share about 80%. Residential area is the main application, which holds a share about 60%.
This report is a detailed and comprehensive analysis for global Elevator market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator, with price, sales, revenue and global market share of Elevator from 2018 to 2023.
Chapter 3, the Elevator competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Elevator market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator.
Chapter 14 and 15, to describe Elevator sales channel, distributors, customers, research findings and conclusion.
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