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Wednesday, May 26, 2021

Global Escalators and Elevators Market to be driven by increasing adoption of advance tools to minimize cost and labour and the growing demand by the pipeline industry in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Escalators and Elevators Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global escalators and elevators market, assessing the market based on its segments like type, service, end use and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 5.8%
  • Forecast Market Size (2026[VS1] ): USD 162 billion

The market for escalators and elevators has seen substantial growth due to factors such as rising growth of the commercial sector. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the escalators and elevators market. Increasing investment in commercial industries, such as office spaces, shopping centers, department stores, etc., has seen a high rate of growth in escalators and elevators. In addition, advances in technology have generated an increasing demand for the escalators and elevators industry to make the infrastructure smoother and eco-friendly. Moving walkways continue to be embraced by the aviation industry, thereby helping the growth of the market.

Industry Definition and Major Segments

Lifts, which are primarily containers used to move passengers and freight up and down, are often referred to as elevators, usually between the floors of a building. Escalators are mobile staircases built from one storey to the next to freight citizens. Moving walkways are moving sidewalks that are horizontally or on an incline holding individuals. They are normally powered by electric motors to elevate or travel along with traction cables or pump hydraulic fluid. These also help to transport large items as well as help move wounded or disabled people.

Explore the full report with the table of contents@

Based on the type, the industry is divided into:

  • Escalators
  • Elevators
  • Moving Walkways

Based on the service, the industry is divided into:

  • Modernization
  • New installation
  • Maintenance and Repair

Based on the end use, the industry is divided into:

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Geographically, the industry’s growth is due to developments in the Asia Pacific region and is constantly rising as nations are investing more and more in infrastructure. The world’s ever-growing population is forcing growing nations to invest in better and modernized infrastructure, increasing the growth of escalators and elevators in the industry. Increasing demand for these commercial and residential infrastructures, such as shopping malls, museums, offices, residences, etc., is expected to show substantial growth in the forecast period. Demand for sustainable manufacturing of escalators and elevators is also driving this industry’s growth rate.

Key Market Players

The major players in the market Mitsubishi Electrical Corporation, Toshiba Corporation, Schindler Group, Thyssenkrupp AG, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., KONE Elevator India Private Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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