Elevator and Escalator Market Growth, Trends, Revenue, Business Challenges and Future Share 2030: Markntel Advisors

Global Elevator and Escalator Market Insights Report Overview

As per current study by MarkNtel Advisors the Global Elevator and Escalator Market size was valued at around USD 125.5 billion in 2023 & is estimated to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30.

The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.

The readers of the study can better understand various consumer types, purchasing intentions, their wants and preferences, viewpoints on the product/service, how they react to a specific product that is currently on the market, and much more with the accurate and current information provided in this research report. The study also provides a thorough analysis of the measures that important stakeholders might do to lessen and avoid different economic repercussions.

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Global Elevator and Escalator Market Driver:

Increasing Investment in Construction Projects –

The global elevator and escalator market is set to grow due to the rising construction of new residential and commercial properties in both developing and developed economies. Infrastructure-related projects are being invested in by over 40 developing countries, as per the UNCTAD Trade report. Additionally, numerous government initiatives from these nations aim to boost demand for elevators and escalators further during the forecast period.

Understanding the Elevator and Escalator Market Analysis:

This analysis provides a thorough examination of the Elevator and Escalator industry, covering all key aspects. It delves into the broader market environment (macro-overview) while also offering detailed insights into industry performance (micro-level). Key elements explored include current trends, major drivers and challenges impacting the market, a breakdown of the value chain, a SWOT analysis of the industry’s strengths, weaknesses, opportunities, and threats, and an analysis of Porter’s five forces that influence competition within the market.

Geographical Level Analysis:

The geographic assessment of the report offers a thorough study of numerous phenomena that are particularly pervasive in significant geographical pockets. By concentrating on key areas that have the potential to draw a larger consumer base, this study assists important stakeholders in making educated investment decisions. Stakeholders may strategically deploy their resources and target their efforts for maximum effect and customer engagement by recognizing the unique trends and dynamics within each region/ country.

By Region

-North America

-South America


-Middle East & Africa


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Competitive Landscape:

Key market players are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. Additionally, businesses are enlarging their markets and looking for chances abroad. The competition landscape in the industry has been in-depth analyzed in the market research report. Additionally, extensive profiles of all big corporations are covered in the report. The study looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. Some of the key players in the market are the ones listed below:

  • Fujitec Co. Ltd.
  • Hitachi Elevator Engineering Company
  • KONE
  • Canny Elevator Company Ltd.
  • Toshiba Elevator and Building Systems Corporation
  • Hyundai Elevator Co. Ltd.
  • Mitsubishi Electric Corporation
  • Otis Worldwide Corporation
  • Schindler Holding Ltd.
  • Others

Global Elevator and Escalator Market Segmentation Analysis:

In any market, market segmentation study is essential to corporate success. Businesses may successfully focus their efforts, reduce risks, and beat rivals by knowing and classifying various market groups. In order to succeed in a market environment that is constantly changing and competitive, businesses must incorporate market segmentation analysis into their business planning. Various segments are studied in this market report, data & figures of which are presented in a comprehensive manner. Segments includes:

By Type


-Traction- Market Size & Forecast 2019-2030, (Thousand Units)

-Hydraulic- Market Size & Forecast 2019-2030, (Thousand Units)

-Machine Room Less- Market Size & Forecast 2019-2030, (Thousand Units)


-Moving Walkway- Market Size & Forecast 2019-2030, (Thousand Units)

-Moving Stairs- Market Size & Forecast 2019-2030, (Thousand Units)

 By Service

-New Installation- Market Size & Forecast 2019-2030, (Thousand Units)

-Modernization- Market Size & Forecast 2019-2030, (USD Million)

-Maintenance- Market Size & Forecast 2019-2030, (USD Million)

By Application

-Residential- Market Size & Forecast 2019-2030, (Thousand Units)

-Commercial- Market Size & Forecast 2019-2030, (Thousand Units)

-Industrial- Market Size & Forecast 2019-2030, (Thousand Units)

The Global Elevator and Escalator Market offers an overall analysis of the market size and development trends over the next five years using both quantitative and qualitative methods. The forecast information of the overall, as well as the breakdown market, allows the readers a chance to peek into the future of the industry.

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About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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