The report provides a comprehensive study of global elevator and escalator market and also major regional markets. For more mail: vikas@konceptanalytics.com
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Global Elevator & Escalator Market with Focus on Smart Elevators: Industry Analysis (2016-2020)
1. Global Elevator & Escalator Market with Focus on
Smart Elevators: Industry Analysis and Outlook
-----------------------------------------
(2016-2020)
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2. Executive Summary
Elevator is a type of vertical transport equipment that efficiently moves people or goods between floors or levels
of a building, vessel or any other structure. There are mainly two types of elevators namely hydraulic elevators
and electric elevators. Escalator is a moving staircase or a conveyor transport device for carrying people
between floors of a building. The device consists of a motor driven chain of individual linked steps that move up
or down on tracks, allowing the step treads to remain horizontal.
The E&E market comprises three main segments namely new equipment, modernization and maintenance. In
the supply chain of E&E market, there are Tier 1 and Tier 2 suppliers who supply the inputs to the
manufacturers, which reach the final installation base through various distribution channels.
Smart Elevators are innovative systems that allow vertical transportation of goods or passengers in an
automated framework. Smart elevators are designed to modify the simple act of traveling between floors.
The key factors which are anticipated to drive this market include growing urbanization, increased old-age
population, growing construction spending in emerging markets. Some of the noteworthy trends of this industry
include high demand for energy-efficient elevators and verticalization of cities. However, the growth of respective
industry is challenged by price competition and stringent safety norms.
The report provides a comprehensive study of global elevator and escalator market and also major regional
markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in
depth. The global elevator and escalator industry is highly competitive consisting of several large enterprises
including the United Technologies Corporation, Kone Corporation, Thyssenkrupp and Schindler Holdings Ltd.
The competitive landscape of the respective market, along with the company profiles of the leading players are
also discussed in detail.
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3. A large number of new public infrastructure projects that are currently underway across the globe, are
expected to further increase the growth of the global elevator and escalator market revenue
• The global elevator and escalator market revenue has
been growing steadily at a CAGR of …% over the period
2011-2015. In the year 2015, the market revenue has
increased to US$... billion, as against US$... billion in the
year 2014.
• In terms of value, the revenue from Asia-Pacific region
contributes the largest share in the global E&E market,
which accounted for nearly xx% of the total revenue in the
year 2015, followed by Europe and the Americas with a
revenue share of xx% and xx% respectively.
• The global E&E maintenance revenue for the year 2015
was recorded to be US$.... billion. It is forecasted that the
revenue from E&E maintenance will grow steadily at a
CAGR of xx% over the period 2015-2020, thereby
attaining a sum of US$...... billion by the end of the year
2020.
Global E&E Market by Region (2015)
Global E&E Market Revenue – Actuals (2011-2015)
Global E&E Maintenance Revenue – Forecast (2015-2020)
2011 2012 2013 2014 2015
US$Billion
Asia-Pacific Europe The Americas Others
2015 2016 2017 2018 2019 2020
US$Billion
4. Asia-pacific E&E market has been rapidly growing with time, owing to the changing demographics and
rising levels of urbanization of cities in emerging economies
• It is forecasted that the Asia-pacific E&E market revenue will grow at a
CAGR of xx% over the period 2015-2020, attaining a total value of
US$xxx billion by the year 2020.
• It is noted that in the year 2015, the new installation volume in China
amounted to xx thousand units, which is forecasted to reach a sum of
xx thousand units by the end of 2020, growing at a CAGR of xx% over
the period 2015-2020
• Korea E&E installed base volume for the year 2015 is noted to be xx
thousand units. It is forecasted that the installed base volume will grow
at a CAGR of xx% over the period 2015-2020, reaching a total volume
of xxx thousand units by the end of 2020.
China E&E New Installation Volume – Forecast (2015-2020)
Asia-Pacific E&E Market by Value – Forecast (2015-2020)
Korea E&E Installed Base Volume – Forecast (2015-2020)
2015 2016 2017 2018 2019 2020
US$Billion
2015 2016 2017 2018 2019 2020
ThousandUnits
2015 2016 2017 2018 2019 2020
ThousandUnits
5. Rising energy efficiency norms, technological advancements and increasing number of replacement of
the older elevator systems are some of the primary reasons that would cause this upsurge of the market
revenue.
• The market revenue for elevators and escalators in EMEA for
the year 2015 was recorded to be US$.. billion. It is forecasted to
grow at a CAGR of xx% over the period 2015-2020, attaining a
value of US$... billion by the end of 2020.
• The E&E market revenue for the Americas was noted to be
US$... billion in the year 2015. It is forecasted that the market
revenue will grow at a CAGR of xx% over the period 2015-2020,
attaining a total of US$... billion by the end of 2020.
• The global market for smart elevators has been growing at a
CAGR of xx% over the period 2012-2015 and is valued at US$...
billion for the year 2015, which has notably risen by xx% YoY,
from US$.... billion in 2014
The Americas E&E Market by Value – Forecast (2015-2020)
EMEA E&E Market by Value – Forecast (2015-2020)
Global Smart Elevators Market Revenue- Actuals (2012-2015)
2015 2016 2017 2018 2019 2020
US$Billion
2015 2016 2017 2018 2019 2020
US$Billion
2012 2013 2014 2015
US$Billion
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