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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.
The leading producers in the industry are Otis, Schindler and ThyssenKrupp, accounting for 16.29%, 14.55% and 13.46% of revenue, respectively. China has the highest share of income by region, accounting for more than 66 percent in 2019.
Market Analysis and Insights: Global Elevator Market
The global Elevator market was valued at US$ 39130 in 2020 and will reach US$ 43810 million by the end of 2027, growing at a CAGR of 1.9% during 2022-2027.
Global Elevator Scope and Market Size
The global Elevator market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Elevator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Elevator
Escalator
Moving Walkway
Segment by Application
Residential Area
Commercial Office
Transportation Hub
Industrial Area
The Elevator market is analysed and market size information is provided by regions (countries). Segment by Application, the Elevator market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Kone
Hitachi
Mitsubishi Electric
Otis Elevator Company
Schindler
ThyssenKrupp
XIOLIFT
Volkslift Schindler
Canny Elevator
Fujitec
Yungtay Engineering
Guangri Elevator
Toshiba
SJEC
Edunburgh Elevator
Hyundai Elevator
Suzhou Diao Elevator
ZJML
Syney
IFE
DNDT
CNYD
SRH
Joylive
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.
The leading producers in the industry are Otis, Schindler and ThyssenKrupp, accounting for 16.29%, 14.55% and 13.46% of revenue, respectively. China has the highest share of income by region, accounting for more than 66 percent in 2019.
Market Analysis and Insights: Global Elevator Market
The global Elevator market was valued at US$ 39130 in 2020 and will reach US$ 43810 million by the end of 2027, growing at a CAGR of 1.9% during 2022-2027.
Global Elevator Scope and Market Size
The global Elevator market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Elevator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Elevator
Escalator
Moving Walkway
Segment by Application
Residential Area
Commercial Office
Transportation Hub
Industrial Area
The Elevator market is analysed and market size information is provided by regions (countries). Segment by Application, the Elevator market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Kone
Hitachi
Mitsubishi Electric
Otis Elevator Company
Schindler
ThyssenKrupp
XIOLIFT
Volkslift Schindler
Canny Elevator
Fujitec
Yungtay Engineering
Guangri Elevator
Toshiba
SJEC
Edunburgh Elevator
Hyundai Elevator
Suzhou Diao Elevator
ZJML
Syney
IFE
DNDT
CNYD
SRH
Joylive
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
