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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Escalators and Elevators Market Competitive Landscape
The companies are a provider of electric and electronic equipment, energy solutions, elevators and escalators.
Mitsubishi Electrical Corporation: Founded in 1921 and based in Chiyoda-ku, Tokyo. The company leads in manufacturing and selling electric and electronic equipment for Energy, Industrial Automation, Information Systems, and Home Appliances.
Toshiba Corporation: Established in 1875 and based in Minato-ku, Tokyo. The company offers products and services related to various business domains including energy solutions, building solutions, digital solutions, and battery business.
Schindler Group: Founded in 1874 and based in Lucerne, Switzerland. The company is a leading manufacturer and provider of related services for elevators, escalators, and moving walkways.
ThyssenKrupp AG: Established in 1999 and based in Essen, Germany. The international technology and industrial company which manufactures products related to automotive, chemicals, aerospace, oil and gas, and others.
Other global escalators and elevators market key players are Hyundai Elevator Co. Ltd., Fujitec Co. Ltd. and KONE Elevator India Private Limited, among others.
Escalators and Elevators Market Report Snapshots
Escalators and Elevators Market Size
Escalators and Elevators Market Growth
Escalators and Elevators Market Trends
Escalators and Elevators Market Share
Escalators and Elevators Companies
Escalators and Elevators Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major market drivers include the growing adoption of escalators and elevators in the aviation sector, the robust growth of the commercial sector, and the surging demand for sustainable manufacturing of escalators and elevators.
The key trends driving the market growth include the rising demand for elevators and escalators in the pipeline sector and the increasing adoption of advance tools to minimise cost and labour of manufacturing elevators and escalators.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the type, which includes escalator, elevators, moving walkways, and others.
The market is categorised according to the services, which includes modernization, new installation, and maintenance and repair.
Based on the end use, the market is divided into residential, commercial, institutional, and others.
The market key players are Mitsubishi Electrical Corporation, Toshiba Corporation, Schindler Group, Thyssenkrupp AG, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., and KONE Elevator India Private Limited, among others.
The revenue generated from the escalators and elevators market is expected to reach USD 227.21 billion in 2032.
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