Allied Market Research
Loading...
0
Upcoming Allied Market Research
2021
Elevator And Escalator Market

Elevator and Escalator Market by Elevator Type (Passenger Elevator, Freight Elevator, and Others), Technology (Traction, Machine Room-Less Traction, and Hydraulic), Service (New Installation, Maintenance Repair, Modernization, and Others), and Application (Residential, Hypermarkets, Malls, Corporate Office, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12395
Pages: NA
Sep 2021 | 362 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Elevator And Escalator Market

Request Now !

An elevator may be identified as a shut cabin operated by an electrical engine that uses pump hydropower, counterweight systems, or traction cables to lift a cylinder piston. Lifts are creative vertical mobility solutions since they efficiently utilize urban space and enable movement inside the buildings. An escalator is described as a moving stairs or transportation equipment used to transfer persons between building floors. The gadget is usually a chain operated by motor, connected steps that move up or down the path, allowing the steps to stay horizontal. As increasing construction of government structures including, residential complexes, airports, hotels, offices, and banks are growing, both in developed and emerging countries, the need for more lifts and escalators is growing. Due to the outbreak of the COVID-19 pandemic, countries had to enforce lockdown that halted the progress of constructions of new properties and households. Due to that, the demand for elevators and escalators has decreased.

Market Scope and Structure Analysis                                                            

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Segments Covered

 Elevator Type, Technology, Service, Application, and Region

 Companies Covered

Kone Corporation, Mitsubishi Electric Corporation, ThyssenKrup AG, Hitachi Ltd, Hyundai Elevator Co, Ltd., Toshiba Elevator and Building System Corporation, Stein Limited, Gulf Elevator & Escalator Co, Ltd, Electra Ltd, and Schindler Management Ltd.

 

COVID-19 Impact Analysis

  • Due to the outbreak of the COVID-19 pandemic, countries had to enforce lockdown that halted the progress of constructions of new properties and households. Therefore, the demand for elevators and escalators decreased. The construction sites and other commercial places were the bulk buyers of these systems. The elevator and escalator market witnessed a dip in production as sufficient labors were not available to continue the production process. The sales procedure couldnot complete as there was unavailability of service personnel for installing the system.
  • Disruption in the distribution channel was an important cause as adequate raw materials couldnot reach the industries for production; the delivery of finished products to the dedicated stores was not possible. Consumers had no option to visit the specialized stores, whereas online purchase couldnot support the installation service.

Top Impacting Factors

  • Industries such as oil & gas, petrochemical, manufacturing, energy & power, automotive need machines to lift heavy objects. Therefore, the demand for elevators is high in these industries. Manufacturers should work on improving the elevators by adding new features.
  • COVID-19 pandemic harmed the elevator and escalator market as the sales and demand for the product had decreased. It is expected that demand for the products will increase as the construction industry and other industries start working in full force after the pandemic.
  • The growing worries about accidents in lift and escalator should influence the lift and escalator business. The elevator mishaps lead to deaths and grave injuries in-building locations. Increased safety and safety measures for workplace and training are, however, projected to minimize accidents during repairs and maintenance.

Market Trends

The continuous evolution of the Internet of Things (IoT) in elevators & escalator is expected to boost the elevator and escalator market.

The integration of IoT in elevators & escalators is offering a potential growth opportunity to the global elevator & escalator market. IoT makes it possible for a product to collect, exchange, and analyze data with its operator, manufacturer, and other devices highly relevant to the elevator & escalator industry. IoT enables contemporary lifts and escalators to predict and respond to traffic intelligently in real-time, to interact with service teams, and to allow people to call lifts and escalators via a Smartphone app. The use of elevators may also be enhanced by the use of a connected sensor in an elevator and escalator, which reduces waiting times.

The growing construction/real estate sector will increase the demand for elevators and escalators

Business and multi-block tendency is growing. The building of mixed-block high-height structures has grown. Mixed blocks might include huge residential complexes, offices, stores, serviced apartments, showrooms, hotels, and casinos. The demand drives the growth of elevators and escalators.

Strict government regulations expected to hamper the growth of the market

Stringent government laws and policies controlling lifts and escalators safety requirements have forced manufacturers to comply with stringent criteria and certifications. Nearly half of the fatal lift incidents involve employees involved in elevator maintenance or repair. However, passenger accidents are of utmost importance. These elevators & escalators maintain protection from these accidents by strict maintenance requirements and safety regulations. Lifts & escalators manufacturers are expected to comply with the safety requirements needed by the various areas.

Key Segments Covered

Elevator Type

  • Passenger Elevator
  • Freight Elevator
  • Others

Technology

  • Traction
  • Machine Room-Less Traction
  • Hydraulic

Service

  • New Installation
  • Maintenance Repair
  • Modernization
  • Others

Application

  • Residential
  • Hypermarkets
  • Malls
  • Corporate Office
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the elevator and escalator industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the elevator and escalator market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the elevator and escalator market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed elevator and escalator market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the elevator and escalator market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Elevator And Escalator Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers