1 INTRODUCTION 42
1.1 STUDY OBJECTIVES 42
1.2 MARKET DEFINITION 42
1.2.1 INCLUSIONS AND EXCLUSIONS 43
1.3 STUDY SCOPE 43
1.3.1 MARKET SEGMENTATION 43
1.3.2 REGIONS COVERED 44
1.3.3 YEARS CONSIDERED 44
1.4 CURRENCY CONSIDERED 45
1.5 UNITS CONSIDERED 45
1.6 LIMITATIONS 45
1.7 STAKEHOLDERS 45
1.8 SUMMARY OF CHANGES 46
2 RESEARCH METHODOLOGY 47
2.1 RESEARCH DATA 47
FIGURE 1 ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN 47
2.2 MARKET SIZE ESTIMATION 48
2.2.1 ELEVATORS AND ESCALATORS MARKET: APPROACH 1: BOTTOM-UP APPROACH 48
FIGURE 2 APPROACH 1: BOTTOM-UP APPROACH 48
2.2.2 ELEVATORS AND ESCALATORS MARKET: APPROACH 2: TOP-DOWN APPROACH 49
FIGURE 3 ELEVATORS AND ESCALATORS MARKET: TOP-DOWN APPROACH 49
2.3 SECONDARY DA T A 49
2.3.1 KEY DATA FROM SECONDARY SOURCES 50
2.4 PRIMARY DATA 50
2.4.1 KEY DATA FROM PRIMARY SOURCES 51
2.5 DATA TRIANGULATION 51
FIGURE 4 ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION 52
2.6 KEY MARKET INSIGHTS 52
FIGURE 5 STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 53
2.7 RECESSION IMPACT 53
2.8 RESEARCH ASSUMPTIONS & LIMITATIONS 54
FIGURE 6 ASSUMPTIONS 54
FIGURE 7 LIMITATIONS 54
2.8.1 RISK ASSESSMENT 55
TABLE 1 LIMITATIONS & ASSOCIATED RISKS 55
2.9 GROWTH RATE ASSUMPTIONS 55
3 EXECUTIVE SUMMARY 56
FIGURE 8 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT OF ELEVATORS AND ESCALATORS MARKET 56
FIGURE 9 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 57
FIGURE 10 ELEVATOR TYPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 57
FIGURE 11 RESIDENTIAL END-USE INDUSTRY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 12 ASIA PACIFIC DOMINATED ELEVATORS AND ESCALATORS MARKET IN 2022 58
4 PREMIUM INSIGHTS 60
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELEVATORS AND ESCALATORS MARKET 60
FIGURE 13 INCREASING DEMAND FROM ELEVATORS SEGMENT OFFERS LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS 60
4.2 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 60
FIGURE 14 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO BE FASTEST-GROWING DURING FORECAST PERIOD 60
4.3 ELEVATORS AND ESCALATORS MARKET, BY TYPE 61
FIGURE 15 ELEVATORS TYPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 61
4.4 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 61
FIGURE 16 NEW INSTALLATION SERVICE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 61
4.5 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 62
FIGURE 17 RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD 62
4.6 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY AND REGION 62
FIGURE 18 CHINA ACCOUNTS FOR HIGHEST CAGR IN ASIA PACIFIC 62
4.7 ELEVATORS AND ESCALATORS MARKET, BY KEY COUNTRY 63
FIGURE 19 CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MARKET DYNAMICS 64
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ELEVATORS AND ESCALATORS MARKET 64
5.2.1 DRIVERS 65
5.2.1.1 Increased construction of high-rise buildings equipped with smart vertical transportation 65
FIGURE 21 URBAN AND RURAL POPULATION 1950–2050 65
5.2.1.2 Growing need for reducing energy consumption in buildings 66
FIGURE 22 ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL SECTORS, 1950 TO 2022 66
5.2.1.3 Growing aging population to facilitate development 67
FIGURE 23 NUMBER OF PEOPLE AGED 65 YEARS OR ABOVE, BY REGION, 2022 VS. 2030 67
5.2.2 RESTRAINTS 67
5.2.2.1 Uncertainty and risk regarding global economy 67
5.2.2.2 High maintenance cost 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 Adoption of green building codes and energy-efficient products 68
5.2.3.2 Development of innovative technologies 69
5.2.4 CHALLENGES 69
5.2.4.1 Compliance with standards and regulations 69
6 INDUSTRY TRENDS 70
6.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70
FIGURE 24 REVENUE SHIFT FOR ELEVATORS AND ESCALATORS MANUFACTURERS 70
6.2 PRICING ANALYSIS 71
6.2.1 AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE 71
TABLE 2 AVERAGE PRICE RANGE OF ELEVATORS, BY TYPE (PER UNIT) 71
6.2.2 RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE) 71
6.2.3 FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS 72
6.3 VALUE CHAIN ANALYSIS 72
FIGURE 25 VALUE CHAIN ANALYSIS OF ELEVATORS AND ESCALATORS MARKET 73
6.3.1 RESEARCH & DEVELOPMENT 73
6.3.2 COMPONENT MANUFACTURER 74
6.3.3 MANUFACTURER 74
6.3.4 SOFTWARE & SERVICE 74
6.3.5 INTEGRATOR 74
6.3.6 END-USE APPLICATION 74
6.4 ECOSYSTEM MAPPING 75
FIGURE 26 ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM MAP 75
TABLE 3 ECOSYSTEM OF ELEVATORS AND ESCALATORS MARKET 76
6.5 TECHNOLOGY ANALYSIS 77
6.5.1 ADOPTION OF ECO-FRIENDLY PRODUCTS 77
6.5.2 INTUITIVE ELEVATOR TECHNOLOGY 77
6.5.3 CABLE-FREE SMART ELEVATORS 78
6.5.4 ARTIFICIAL INTELLIGENCE 78
6.5.5 INTERNET OF THINGS (IOT) AND 5G TECHNOLOGY 78
6.6 PATENT ANALYSIS 79
6.6.1 INTRODUCTION 79
6.6.2 METHODOLOGY 79
6.6.3 ELEVATORS AND ESCALATORS MARKET, PATENT ANALYSIS (2013–2022) 79
FIGURE 27 MAJOR PATENTS FOR ELEVATORS AND ESCALATORS MARKET (2013–2022) 80
TABLE 4 PATENTS FOR ELEVATORS AND ESCALATORS 81
6.7 TRADE ANALYSIS 83
FIGURE 28 EXPORT SCENARIO, HS CODE 680610, ENCOMPASSING LIFTING, HANDLING, LOADING OR UNLOADING MACHINERY, E.G., LIFTS, ESCALATORS, CONVEYORS, TELEFERICS, 2022 (USD BILLION) 83
FIGURE 29 IMPORT SCENARIO, HS CODE 680610, ENCOMPASSING LIFTING, HANDLING, LOADING OR UNLOADING MACHINERY, E.G., LIFTS, ESCALATORS, CONVEYORS, TELEFERICS, 2022 (USD BILLION) 84
6.8 KEY CONFERENCES AND EVENTS IN 2023–2024 84
TABLE 5 ELEVATORS AND ESCALATORS MARKET: CONFERENCES & EVENTS, 2023–2024 84
6.9 REGULATORY BODIES AND GOVERNMENT AGENCIES 86
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
6.10 TARIFF AND REGULATORY LANDSCAPE 90
6.10.1 AVERAGE TARIFF RATES 90
TABLE 9 TARIFFS RELATED TO LIFTING, HANDLING, LOADING, OR UNLOADING MACHINERY, LIFTS, ESCALATORS, CONVEYORS, TELEFERICS 91
6.10.2 REGULATORY LANDSCAPE 91
TABLE 10 CONTAINER COMPLIANCE OPTIONS FOR SAFETY AND ACCESSIBILITY IN EUROPE 92
TABLE 11 LIFT/ELEVATOR STANDARDS IN ASIA PACIFIC (INDIA) 92
6.10.3 OTHERS 92
6.11 PORTER’S FIVE FORCES ANALYSIS 92
FIGURE 30 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 93
TABLE 12 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 93
6.11.1 THREAT OF NEW ENTRANTS 94
6.11.2 THREAT OF SUBSTITUTES 94
6.11.3 BARGAINING POWER OF SUPPLIERS 94
6.11.4 BARGAINING POWER OF BUYERS 94
6.11.5 INTENSITY OF COMPETITIVE RIVALRY 94
6.12 MACROECONOMIC INDICATORS 95
6.12.1 INTRODUCTION 95
6.12.2 GDP TRENDS AND FORECASTS 95
TABLE 13 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 95
6.12.3 CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON ELEVATORS AND ESCALATORS 96
TABLE 14 CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2021 96
6.12.4 GROWING POPULATION AND URBANIZATION 97
TABLE 15 URBANIZATION, BY REGION, 2021–2050 (IN MILLION) 97
TABLE 16 POPULATION, BY REGION, 2022–2050 (IN MILLION) 97
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 98
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 98
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 98
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 98
6.13.2 BUYING CRITERIA 98
FIGURE 32 KEY BUYING CRITERIA OF ELEVATORS AND ESCALATORS MARKET 98
TABLE 18 KEY BUYING CRITERIA FOR ELEVATORS AND ESCALATORS INDUSTRY 99
6.14 CASE STUDY ANALYSIS 99
6.14.1 CASE STUDY 1: ELEVATORS GURGAON MEDANTA 99
6.14.2 CASE STUDY 2: ENERGY-EFFICIENT BUILDING INITIATIVE MUMBAI- THE RUBY BUILDING SYSTEMS – ELEVATORS 100
6.14.3 CASE STUDY 3: HONEYWELL- CORPORATE OFFICE RENOVATIONS 100
6.14.4 CASE STUDY 4: KONE CORPORATION- 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA 100
7 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 101
7.1 INTRODUCTION 102
FIGURE 33 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT DURING FORECAST PERIOD 102
TABLE 19 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (USD MILLION) 102
TABLE 20 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2022–2028 (USD MILLION) 102
TABLE 21 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (MILLION UNITS) 103
TABLE 22 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2022–2028 (MILLION UNITS) 103
7.2 NEW INSTALLATION 103
7.2.1 SURGE IN URBANIZATION AND RISE IN CONSTRUCTION ACTIVITIES TO DRIVE MARKET 103
7.3 MAINTENANCE & REPAIR 104
7.3.1 GROWING CONCERN REGARDING AGING ELEVATORS TO DRIVE MARKET 104
7.4 MODERNIZATION 104
7.4.1 INNOVATIVE TECHNOLOGIES AND NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET 104
8 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 105
8.1 INTRODUCTION 106
FIGURE 34 MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO WITNESS HIGHEST CAGR 106
TABLE 23 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (USD MILLION) 106
TABLE 24 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (USD MILLION) 107
TABLE 25 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (MILLION UNITS) 107
TABLE 26 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (MILLION UNITS) 107
8.2 TRACTION ELEVATOR 108
8.2.1 LIGHTWEIGHT PROPERTY TO DRIVE MARKET 108
8.3 MACHINE-ROOM-LESS TRACTION ELEVATOR 108
8.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY TO DRIVE MARKET 108
8.4 HYDRAULIC 109
8.4.1 TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET 109
9 ELEVATORS AND ESCALATORS MARKET, BY TYPE 110
9.1 INTRODUCTION 111
FIGURE 35 ELEVATORS SEGMENT TO LEAD ELEVATORS AND ESCALATORS MARKET 111
TABLE 27 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 111
TABLE 28 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 111
TABLE 29 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 112
TABLE 30 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 112
9.2 ELEVATORS 112
9.2.1 DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS TO DRIVE MARKET 112
9.2.2 PASSENGER ELEVATOR 113
9.2.2.1 Bed elevator 113
9.2.2.2 Service elevator 113
9.2.2.3 Observation elevator 113
9.2.2.4 Residential elevator 113
9.2.3 FREIGHT ELEVATOR 114
9.2.3.1 Dumbwaiters 114
9.2.3.2 Vehicle elevators 114
9.2.4 OTHER ELEVATOR TYPES 114
9.3 ESCALATORS 115
9.3.1 BOOM IN REAL ESTATE SECTOR AND NEED FOR EFFICIENT & RAPID TRANSIT SYSTEMS TO DRIVE MARKET 115
9.4 MOVING WALKWAYS 115
9.4.1 RAPID EMERGENCE OF AIRPORTS AND SHOPPING MALLS TO DRIVE MARKET 115
10 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 116
10.1 INTRODUCTION 117
FIGURE 36 RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY SEGMENT 117
TABLE 31 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 117
TABLE 32 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 118
TABLE 33 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 118
TABLE 34 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 118
10.2 RESIDENTIAL 119
10.2.1 GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION TO DRIVE MARKET 119
10.3 COMMERCIAL 119
10.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO DRIVE MARKET 119
10.4 INSTITUTIONAL 119
10.4.1 RISE IN DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET 119
10.5 INFRASTRUCTURAL 120
10.5.1 RAPID URBANIZATION TO DRIVE MARKET 120
10.6 OTHER END-USE INDUSTRIES 120
11 ELEVATORS AND ESCALATORS MARKET, BY REGION 121
11.1 INTRODUCTION 122
FIGURE 37 CHINA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 122
TABLE 35 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2018–2021 (USD MILLION) 123
TABLE 36 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2022–2028 (USD MILLION) 123
TABLE 37 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2018–2021 (MILLION UNITS) 123
TABLE 38 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2022–2028 (MILLION UNITS) 124
TABLE 39 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 124
TABLE 40 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 124
TABLE 41 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 124
TABLE 42 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 125
TABLE 43 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (USD MILLION) 125
TABLE 44 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2022–2028 (USD MILLION) 125
TABLE 45 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2018–2021 (MILLION UNITS) 125
TABLE 46 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2022–2028 (MILLION UNITS) 126
TABLE 47 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (USD MILLION) 126
TABLE 48 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (USD MILLION) 126
TABLE 49 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2018–2021 (MILLION UNITS) 127
TABLE 50 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY, 2022–2028 (MILLION UNITS) 127
TABLE 51 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 127
TABLE 52 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 128
TABLE 53 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 128
TABLE 54 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 128
11.2 ASIA PACIFIC 129
11.2.1 RECESSION IMPACT 129
FIGURE 38 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 130
TABLE 55 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 130
TABLE 56 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 131
TABLE 57 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS) 131
TABLE 58 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS) 131
TABLE 59 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 132
TABLE 60 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 132
TABLE 61 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 132
TABLE 62 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 133
TABLE 63 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 133
TABLE 64 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 133
TABLE 65 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 134
TABLE 66 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 134
11.2.2 CHINA 134
11.2.2.1 Rapid industrialization and urbanization to drive market 134
TABLE 67 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 135
TABLE 68 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 135
TABLE 69 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 135
TABLE 70 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 136
TABLE 71 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 136
TABLE 72 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 136
TABLE 73 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 137
TABLE 74 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 137
11.2.3 INDIA 137
11.2.3.1 Government initiatives for 100 smart cities to drive market 137
TABLE 75 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 138
TABLE 76 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 138
TABLE 77 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 138
TABLE 78 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 139
TABLE 79 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 139
TABLE 80 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 139
TABLE 81 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 140
TABLE 82 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 140
11.2.4 JAPAN 140
11.2.4.1 Increasing adoption of smart technologies to drive market 140
TABLE 83 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 141
TABLE 84 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 141
TABLE 85 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 141
TABLE 86 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 142
TABLE 87 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 142
TABLE 88 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 142
TABLE 89 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 143
TABLE 90 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 143
11.2.5 SOUTH KOREA 143
11.2.5.1 Changing lifestyles and increasing government initiatives to drive market 143
TABLE 91 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 144
TABLE 92 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 144
TABLE 93 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 144
TABLE 94 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 145
TABLE 95 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 145
TABLE 96 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 145
TABLE 97 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 146
TABLE 98 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 146
11.2.6 REST OF ASIA PACIFIC 146
TABLE 99 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 147
TABLE 100 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 147
TABLE 101 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 147
TABLE 102 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 148
TABLE 103 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 148
TABLE 104 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 148
TABLE 105 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 149
TABLE 106 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 149
11.3 EUROPE 149
11.3.1 RECESSION IMPACT 150
FIGURE 39 EUROPE: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 150
TABLE 107 EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY, 2018–2021 (USD MILLION) 151
TABLE 108 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 151
TABLE 109 EUROPE: ELEVATORS AND ESCALATORS, BY COUNTRY, 2018–2021 (MILLION UNITS) 151
TABLE 110 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS) 152
TABLE 111 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 152
TABLE 112 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 152
TABLE 113 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 153
TABLE 114 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 153
TABLE 115 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 153
TABLE 116 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 154
TABLE 117 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 154
TABLE 118 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 154
11.3.2 GERMANY 155
11.3.2.1 Emphasis on modernization, infrastructural development, and stringent safety standards to drive market 155
TABLE 119 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 155
TABLE 120 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 155
TABLE 121 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 156
TABLE 122 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 156
TABLE 123 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 156
TABLE 124 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 157
TABLE 125 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 157
TABLE 126 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 157
11.3.3 FRANCE 158
11.3.3.1 Regulatory frameworks and architectural needs to drive market 158
TABLE 127 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 158
TABLE 128 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 158
TABLE 129 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 159
TABLE 130 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 159
TABLE 131 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 159
TABLE 132 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 160
TABLE 133 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 160
TABLE 134 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 160
11.3.4 UK 161
11.3.4.1 Development of smart cities and new technologies to drive market 161
TABLE 135 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 161
TABLE 136 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 161
TABLE 137 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 162
TABLE 138 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 162
TABLE 139 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 162
TABLE 140 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 163
TABLE 141 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 163
TABLE 142 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 163
11.3.5 ITALY 164
11.3.5.1 Growing investment in construction industry to drive market 164
TABLE 143 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 164
TABLE 144 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 164
TABLE 145 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 165
TABLE 146 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 165
TABLE 147 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 165
TABLE 148 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 166
TABLE 149 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 166
TABLE 150 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 166
11.3.6 SPAIN 167
11.3.6.1 Sustainability in construction and real estate sectors to drive market 167
TABLE 151 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 167
TABLE 152 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 167
TABLE 153 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 168
TABLE 154 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 168
TABLE 155 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 168
TABLE 156 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 169
TABLE 157 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 169
TABLE 158 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 169
11.3.7 REST OF EUROPE 170
TABLE 159 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 170
TABLE 160 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 170
TABLE 161 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 171
TABLE 162 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 171
TABLE 163 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 171
TABLE 164 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 172
TABLE 165 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 172
TABLE 166 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 172
11.4 NORTH AMERICA 173
11.4.1 RECESSION IMPACT 173
TABLE 167 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 173
TABLE 168 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 174
TABLE 169 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS) 174
TABLE 170 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS) 174
TABLE 171 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 175
TABLE 172 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 175
TABLE 173 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 175
TABLE 174 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 175
TABLE 175 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 176
TABLE 176 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 176
TABLE 177 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 176
TABLE 178 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 177
11.4.2 US 177
11.4.2.1 Government investments in infrastructure projects to drive market 177
TABLE 179 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 177
TABLE 180 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 178
TABLE 181 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 178
TABLE 182 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 178
TABLE 183 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 178
TABLE 184 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 179
TABLE 185 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 179
TABLE 186 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 179
11.4.3 CANADA 180
11.4.3.1 Investment in residential segment to drive market 180
TABLE 187 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 180
TABLE 188 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 180
TABLE 189 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 180
TABLE 190 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 181
TABLE 191 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 181
TABLE 192 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 181
TABLE 193 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 182
TABLE 194 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 182
11.4.4 MEXICO 183
11.4.4.1 Growth in commercial constructions to drive market 183
TABLE 195 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 183
TABLE 196 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 183
TABLE 197 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 184
TABLE 198 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 184
TABLE 199 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 184
TABLE 200 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 185
TABLE 201 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 185
TABLE 202 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 185
11.5 SOUTH AMERICA 186
11.5.1 RECESSION IMPACT 186
TABLE 203 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 186
TABLE 204 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 186
TABLE 205 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS) 187
TABLE 206 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS) 187
TABLE 207 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 187
TABLE 208 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 188
TABLE 209 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 188
TABLE 210 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 188
TABLE 211 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 189
TABLE 212 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 189
TABLE 213 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 189
TABLE 214 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 190
11.5.2 BRAZIL 190
11.5.2.1 Increasing demand for residential & nonresidential construction to drive market 190
TABLE 215 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 190
TABLE 216 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 191
TABLE 217 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 191
TABLE 218 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 191
TABLE 219 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 191
TABLE 220 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 192
TABLE 221 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 192
TABLE 222 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 192
11.5.3 ARGENTINA 193
11.5.3.1 Investment in construction sector to drive market 193
TABLE 223 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 193
TABLE 224 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 193
TABLE 225 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 194
TABLE 226 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 194
TABLE 227 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 194
TABLE 228 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 195
TABLE 229 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 195
TABLE 230 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 195
TABLE 231 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 196
TABLE 232 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 196
TABLE 233 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 196
TABLE 234 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 197
TABLE 235 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 197
TABLE 236 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 197
TABLE 237 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 198
TABLE 238 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 198
11.6 MIDDLE EAST & AFRICA 198
11.6.1 RECESSION IMPACT 199
TABLE 239 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 199
TABLE 240 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 199
TABLE 241 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2018–2021 (MILLION UNITS) 200
TABLE 242 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2022–2028 (MILLION UNITS) 200
TABLE 243 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 200
TABLE 244 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 201
TABLE 245 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 201
TABLE 246 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 201
TABLE 247 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 202
TABLE 248 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 202
TABLE 249 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 202
TABLE 250 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 203
11.6.2 GCC COUNTRIES 203
TABLE 251 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 203
TABLE 252 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 203
TABLE 253 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 204
TABLE 254 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 204
TABLE 255 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 204
TABLE 256 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 205
TABLE 257 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 205
TABLE 258 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 205
11.6.2.1 UAE 206
11.6.2.1.1 Industrial growth and rise in tourism to drive market 206
TABLE 259 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 206
TABLE 260 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 206
TABLE 261 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 206
TABLE 262 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 207
TABLE 263 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 207
TABLE 264 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 207
TABLE 265 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 208
TABLE 266 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 208
11.6.2.2 Saudi Arabia 208
11.6.2.2.1 Growing non-oil economy to drive market 208
TABLE 267 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 209
TABLE 268 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 209
TABLE 269 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 209
TABLE 270 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 210
TABLE 271 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 210
TABLE 272 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 210
TABLE 273 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 211
TABLE 274 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 211
11.6.2.3 Rest of GCC countries 211
TABLE 275 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 211
TABLE 276 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 212
TABLE 277 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 212
TABLE 278 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 212
TABLE 279 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 213
TABLE 280 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 213
TABLE 281 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 213
TABLE 282 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 214
11.6.3 REST OF MIDDLE EAST & AFRICA 214
TABLE 283 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (USD MILLION) 214
TABLE 284 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (USD MILLION) 214
TABLE 285 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2018–2021 (MILLION UNITS) 215
TABLE 286 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2022–2028 (MILLION UNITS) 215
TABLE 287 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 215
TABLE 288 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 216
TABLE 289 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2018–2021 (MILLION UNITS) 216
TABLE 290 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2022–2028 (MILLION UNITS) 216
12 COMPETITIVE LANDSCAPE 217
12.1 OVERVIEW 217
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 217
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 217
12.3 REVENUE ANALYSIS OF KEY PLAYERS 219
FIGURE 40 REVENUE ANALYSIS OF KEY COMPANIES IN ELEVATORS AND ESCALATORS MARKET 219
12.4 MARKET SHARE ANALYSIS 219
FIGURE 41 ELEVATORS AND ESCALATORS: MARKET SHARE ANALYSIS 220
TABLE 291 ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION 220
12.5 COMPANY EVALUATION MATRIX 221
12.5.1 STARS 221
12.5.2 EMERGING LEADERS 221
12.5.3 PERVASIVE PLAYERS 221
12.5.4 PARTICIPANTS 221
FIGURE 42 COMPANY EVALUATION MATRIX: ELEVATORS AND ESCALATORS MARKET, 2022 222
12.5.5 COMPANY FOOTPRINT 223
FIGURE 43 ELEVATORS AND ESCALATORS MARKET: PRODUCT FOOTPRINT OF KEY PLAYERS 223
TABLE 292 ELEVATORS AND ESCALATORS MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY END-USE INDUSTRY 223
TABLE 293 ELEVATORS AND ESCALATORS MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY TYPE 224
TABLE 294 ELEVATORS AND ESCALATORS MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY REGION 225
12.6 START-UP/SME EVALUATION MATRIX 225
12.6.1 PROGRESSIVE COMPANIES 225
12.6.2 RESPONSIVE COMPANIES 225
12.6.3 DYNAMIC COMPANIES 226
12.6.4 STARTING BLOCKS 226
FIGURE 44 START-UPS/SMES EVALUATION MATRIX: ELEVATORS AND ESCALATORS MARKET, 2022 226
12.6.5 COMPETITIVE BENCHMARKING 227
TABLE 295 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF KEY START-UPS/SMES 227
TABLE 296 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 228
12.7 COMPETITIVE SCENARIO 229
12.7.1 DEALS 229
TABLE 297 DEALS, 2019–2023 229
12.7.2 PRODUCT LAUNCHES 231
TABLE 298 PRODUCT LAUNCHES, 2019–2023 231
12.7.3 OTHERS 232
TABLE 299 OTHERS, 2019–2023 232
13 COMPANY PROFILES 236
13.1 KEY PLAYERS 236
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
13.1.1 SCHINDLER GROUP 236
TABLE 300 SCHINDLER GROUP: COMPANY OVERVIEW 236
FIGURE 45 SCHINDLER GROUP: COMPANY SNAPSHOT 237
TABLE 301 SCHINDLER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 302 SCHINDLER GROUP: DEALS 238
TABLE 303 SCHINDLER GROUP: PRODUCT LAUNCHES 239
TABLE 304 SCHINDLER GROUP: OTHERS 239
13.1.2 OTIS WORLDWIDE CORPORATION 241
TABLE 305 OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW 241
FIGURE 46 OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT 242
TABLE 306 OTIS WORLDWIDE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 307 OTIS WORLDWIDE CORPORATION: DEALS 243
13.1.3 KONE CORPORATION 245
TABLE 308 KONE CORPORATION: COMPANY OVERVIEW 245
FIGURE 47 KONE CORPORATION: COMPANY SNAPSHOT 246
TABLE 309 KONE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 310 KONE CORPORATION: DEALS 247
TABLE 311 KONE CORPORATION: OTHERS 247
13.1.4 HITACHI LTD. 250
TABLE 312 HITACHI LTD.: COMPANY OVERVIEW 250
FIGURE 48 HITACHI LTD.: COMPANY SNAPSHOT 251
TABLE 313 HITACHI LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 314 HITACHI LTD.: DEALS 252
TABLE 315 HITACHI LTD.: PRODUCT LAUNCHES 253
TABLE 316 HITACHI LTD.: OTHERS 253
13.1.5 HYUNDAI ELEVATOR CO. LTD. 255
TABLE 317 HYUNDAI ELEVATOR CO. LTD.: COMPANY OVERVIEW 255
TABLE 318 HYUNDAI ELEVATOR CO. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 255
TABLE 319 HYUNDAI ELEVATOR CO. LTD.: DEALS 256
TABLE 320 HYUNDAI ELEVATOR CO. LTD.: PRODUCT LAUNCHES 257
TABLE 321 HYUNDAI ELEVATOR CO. LTD.: OTHERS 257
13.1.6 FUJITEC CO., LTD. 258
TABLE 322 FUJITEC CO., LTD.: COMPANY OVERVIEW 258
FIGURE 49 FUJITEC CO., LTD.: COMPANY SNAPSHOT 259
TABLE 323 FUJITEC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
TABLE 324 FUJITEC CO., LTD.: OTHERS 261
13.1.7 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION 262
TABLE 325 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: COMPANY OVERVIEW 262
TABLE 326 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
13.1.8 MITSUBISHI ELECTRIC CORPORATION 264
TABLE 327 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 264
FIGURE 50 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 265
TABLE 328 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
TABLE 329 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 267
13.1.9 TK ELEVATOR 269
TABLE 330 TK ELEVATOR: COMPANY OVERVIEW 269
TABLE 331 TK ELEVATOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 332 TK ELEVATOR: DEALS 271
TABLE 333 TK ELEVATOR: PRODUCT LAUNCHES 271
TABLE 334 TK ELEVATOR: OTHERS 272
13.1.10 SJEC CORPORATION 273
TABLE 335 SJEC CORPORATION: COMPANY OVERVIEW 273
TABLE 336 SJEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273
13.2 OTHER PLAYERS 275
13.2.1 KLEEMANN 275
TABLE 337 KLEEMANN: COMPANY OVERVIEW 275
13.2.2 SIGMA ELEVATORS 276
TABLE 338 SIGMA ELEVATORS: COMPANY OVERVIEW 276
13.2.3 ELECTRA ELEVATORS 276
TABLE 339 ELECTRA ELEVATORS: COMPANY OVERVIEW 276
13.2.4 ESCON ELEVATORS 277
TABLE 340 ESCON ELEVATORS: COMPANY OVERVIEW 277
13.2.5 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO. LTD. 277
TABLE 341 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO. LTD.: COMPANY OVERVIEW 277
13.2.6 ORONA 278
TABLE 342 ORONA: COMPANY OVERVIEW 278
13.2.7 EITA ELEVATOR 278
TABLE 343 EITA ELEVATOR: COMPANY OVERVIEW 278
13.2.8 GLARIE ELEVATOR 279
TABLE 344 GLARIE ELEVATOR: COMPANY OVERVIEW 279
13.2.9 AARON INDUSTRIES LTD. 279
TABLE 345 AARON INDUSTRIES LTD.: COMPANY OVERVIEW 279
13.2.10 LEO ELEVATORS 280
TABLE 346 LEO ELEVATORS: COMPANY OVERVIEW 280
13.2.11 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED 280
TABLE 347 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW 280
13.2.12 STANNAH GROUP 281
TABLE 348 STANNAH GROUP: COMPANY OVERVIEW 281
13.2.13 CIBES LIFT 282
TABLE 349 CIBES LIFT: COMPANY OVERVIEW 282
13.2.14 WALTON GROUP 283
TABLE 350 WALTON GROUP: COMPANY OVERVIEW 283
13.2.15 EXPEDITE AUTOMATION LLP 284
TABLE 351 EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW 284
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKET 285
14.1 INTRODUCTION 285
14.2 LIMITATIONS 285
14.2.1 SMART ELEVATOR MARKET 285
14.2.1.1 Market definition 285
14.2.1.2 Smart elevator market, by component 286
14.2.1.3 Smart elevator market, by application 286
14.2.1.4 Smart elevator market, by service 286
14.2.1.5 Smart elevator market, by region 286
15 APPENDIX 287
15.1 DISCUSSION GUIDE 287
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 291
15.3 CUSTOMIZATION OPTIONS 293
15.4 RELATED REPORTS 293
15.5 AUTHOR DETAILS 294
