Global Elevator and Escalator Market 2021-2025

DUBLIN, May 19, 2021 / PRNewswire / – The report “Global Elevator and Escalator Market: Insights and Forecast with Potential Impact of COVID-19 (2021-2025)” has been added to offer.

The global elevator and escalator (O&E) market is expected to register a value of 154.91 billion US dollars in 2025, growing at a CAGR of 7.15% over the period 2021-2025.

Factors such as increasing urbanization, the rise of digitalization, increasing geriatric population, growth in construction business and aging E&E installed base are said to drive the growth of the market.

However, the growth of the market would be compromised by the high cost of installation and configuration, the shortage of skilled labor and strict safety standards. Some notable trends may include the acceleration of the development of smart cities, the upsurge in tourism activities, the increasing penetration of new technologies, the increase in demand for energy-efficient elevators, and the verticalization of cities.

The global E&E market is classified on the basis of service and technology. Depending on the type of service, the market can be split into maintenance, new installations / equipment and modernization. While the global E&E market can be divided into machine roomless, hydraulic and traction, in terms of technology.

The fastest growing regional market has been Asia Pacific which is expected to dominate the market in the future due to the expansion of building construction in the residential and non-residential sectors, the increasing shift towards eco-efficiency, flexible design and safety, increasing public spending for infrastructure development in developing countries such as Indonesia, India, China, and Philippines, increasing disposable income and increasing urbanization.

In addition, the disruption of the raw material supply chain and the shutdown of construction activities, caused by the COVID-19 pandemic, has led to a drop in demand for elevators and escalators, which ultimately had a negative impact on the growth of its market globally.

Main topics covered:

1. Market overview
1.1 Elevators and escalators
1.2 Lifecycle of elevators and escalators
1.3 Supply chain
1.4 Value chain

2. Impact of COVID-19
2.1 Reduction in global real estate investments
2.2 Decline in industrial production
2.3 Decline in construction activities
2.4 Supply chain disruption
2.5 Rate of fluctuation in trade volume

3. Global Elevator and Escalator Market
3.1 Global E&E Market by Value
3.2 Global E&E Market Forecast by Value
3.3 Global E&E Market by Service
3.4 Global O&M Maintenance Market
3.4.1 Global E&E Maintenance Market Forecast by Value
3.4.2 Global volume of O&M maintenance installed base
3.4.3 Global forecast of the volume of the O&M maintenance installed base
3.4.4 Global E&E Maintenance Market Volume by Region
3.5 Global New O&M Equipment Market
3.5.1 Global New E&E Equipment Market Forecast by Value
3.5.2 Global New O&M Equipment Market Value by Region
3.5.3 Global New O&M Equipment Market by Volume
3.5.4 Global New O&M Equipment Market Forecast by Volume
3.5.5 Global New O&M Equipment Market Demand by Application
3.6 Global O&M Modernization Market
3.6.1 Global E&E Modernization Market Forecast by Value
3.6.2 Global E&E Modernization Market Value by Regions
3.7 Global E&E Market by Technology
3.7.1 Global O&M Machine Roomless Technology Market Forecast by Value
3.7.2 Global O&M Hydraulic Technology Market Forecast by Value
3.7.3 Global E&E Traction Technology Market Forecast by Value
3.8 Global E&E Market Value by Region

4. Regional market analysis
4.1 Asia Pacific
4.2 EMEA
4.3 Americas

5. Smart Elevator Market
5.1 Global Smart Elevator Market by Value
5.2 Global Smart Elevator Market Forecast by Value
5.3 Global Smart Elevator Market by End Users
5.4 Global Smart Elevator Market by Service
5.5 Asia Pacific

6. Market dynamics
6.1 Growth drivers
6.1.1 Expansion of urbanization
6.1.2 Speeding up digitization
6.1.3 Increase in the geriatric population
6.1.4 Growth in construction activities
6.1.5 Aging of the O&M installed base
6.2 Key trends and developments
6.2.1 Accelerate the development of smart cities
6.2.2 Resumption of tourism activities
6.2.3 Growing penetration of new technologies
6.2.4 Growing Demand for Energy Efficient Elevators
6.2.5 Verticalization of cities
6.3 challenges
6.3.1 High cost of installation and configuration
6.3.2 Shortage of skilled labor
6.3.3 Strict safety standards

7. Competitive landscape
7.1 Global market
7.1.1 Comparison of the revenues of the main players
7.1.2 Comparison of the market capitalization of the main players
7.1.3 R&D comparison of key players
7.1.4 Global O&M Market Share by Company
7.1.5 Global New O&M Equipment Market Share by Company
7.1.6 Global O&M Maintenance Market Share by Company
7.2 Asia Pacific
7.2.1 Asia-Pacific E&E Market Share by Company
7.2.2 China E&E Market Share by Company
7.2.3 India O&M New Equipment Market Share by Company
7.3 EMEA
7.3.1 E&E EMEA Market Share by Company
7.3.2 Spain O&M Maintenance Market Share by Company
7.4 Americas
7.4.1 Americas E&E Market Share by Company

8. Company profiles
8.1 Global Otis Society
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business strategies
8.2 Koné Oyj
8.3 ThyssenKrupp AG
8.4 The Schindler Group
8.5 Mitsubishi Electric Corporation
8.6 Hitachi, Ltd.

For more information on this report, visit

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