Elevator and Escalator Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
                     Global Elevator and 
Escalator Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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las t ing resul ts .
Accord ing  to  the  la tes t  repo r t  by  IMARC Group ,  t i t led  "Elevator  and  Esca la tor  
Market :  Globa l  Industry  Trends,  Share ,  S ize ,  Growth,  Oppor tun i ty  and 
Forecast  2024-2032 ,"  t he  g loba l  e leva to r  and  esca la to r  marke t  s i ze  reached  
US$  154 .0  B i l l i on  in  2023 .
Report Factors Af fect ing the Growth of  the Elevator  and Escalator  Industry:
Thr iv ing Construct ion Industry:
Highlight and The g rowing  demand fo r  e leva to r  and  esca la to r  sys tems on  accoun t  o f  t he  
th r iv ing  cons t ruc t ion  indus t ry  i s  o f fe r ing  a  pos i t i ve  marke t  ou t look .  I n  add i t ion ,  
Description the re  i s  a  r i se  in  the  number  o f  res iden t ia l  bu i ld ings ,  o f f i ces ,  comp lexes ,  a i rpo r t s ,  and  shopp ing  ma l ls  due  to  rap id  u rban iza t ion  ac ross  the  g lobe .  
Apa r t  f rom th i s ,  these  sys tems p rov ide  enhanced  conven ience  and  mob i l i t y  to  
peop le .  Moreove r ,  t hey  ass is t  i n  sav ing  t ime  by  e f f i c ien t l y  mov ing  la rge  
number  o f  peop le  f rom one  leve l  o f  a  bu i ld ing  to  ano ther  leve l ,  wh ich  is  
impe l l ing  the  marke t  g rowth .
Technological  Advancements:
Technolog ica l  advancements  in  e levator  and escala tor  systems,  such as 
the in tegra t ion  of  the In ternet  o f  Th ings ( IoT)  connect iv i ty ,  to  prov ide 
pred ic t ive maintenance so lu t ions is  bo ls ter ing the growth of  the market .  In  
Report addi t ion,  pred ic t ive maintenance technology moni tors  equipment  heal th ,  min imizes downt ime,  and enhances the re l iab i l i ty  o f  these systems.  
Bes ides th is ,  energy-ef f ic ient  features l i ke  regenerat ive dr ives and 
Highlight and recover  and reuse energy ass is t  in  reduc ing operat ing costs and 
env i ronmenta l  impact .  These advancements enhance user  exper ience,  
Description increase safety ,  and promote susta inabi l i ty ,  mak ing e levator  and escala tor  
sys tems essent ia l  in  modern bu i ld ings and urban in f ras t ruc tures.
Rising Demand for  Eco-Friendly Elevators and Escalators:
The r is ing demand for  eco- f r iend ly  e levator  and escala tor  sys tems to  
mainta in  env i ronmenta l  susta inabi l i ty  is  s t rengthening the growth of  the 
market .
In  l ine  w i th  th is ,  eco - f r i end ly  mode ls  inco rpo ra te  energy-e f f i c ien t  techno log ies ,  
such  as  regenera t ive  d r i ves  and  l igh t  emi t t ing  d iode  (LED)  l i gh t ing ,  t o  reduce  
power  consump t ion .  They  can  a lso  min im ize  ca rbon  emiss ions  and  lower  
opera t iona l  cos ts  fo r  bu i ld ing  owners .  Add i t iona l ly ,  t he  r i s ing  focus  on  g reen  
Report bu i ld ing  p rac t ices  and  energy  conserva t ion  i s  p rope l l ing  the  marke t  g rowth .  
Fur the rmore ,  peop le  a re  inc reas ing ly  seek ing  env i ronment - f r iend ly  so lu t ions  
Highlight and tha t  a l ign  w i th  mode rn  sus ta inab i l i t y  s tanda rds .
Description Request  for  a  PDF sample  o f  th is  repor t :  h t tps : / /www. imarcgroup .com/e leva to r -esca la to r -marke t / reques tsamp le
Report Description
Global Elevator and Escalator Market Trends:
Key manufacturers are invest ing in  research and development (R&D) act iv i t ies  to  meet the safe ty  
requ i rements o f  people .  The in tegrat ion of  features l ike  redundant safety  systems,  emergency 
communicat ion dev ices,  and automat ic rescue dev ices in  e levator  and escala tor  systems is  impel l ing 
the market  growth.  
Regular  maintenance is  crucia l  to  ensure the safety  and re l iab i l i ty  o f  these systems.  Addi t iona l ly ,  
upgrad ing o lder  systems wi th  energy-ef f ic ient  technology and improved safety  features is  a  cost -
e f fect ive so lu t ion.  Fur thermore,  the r is ing focus on updat ing new e levator  and escala tor  systems 
wi th  advanced systems is  propel l ing the market  growth.
View Report  TOC, F igures and Tables :  ht tps: / /www.imarcgroup.com/elevator-escalator-market
Breakup by Type:
• Elevators
• Escalators
• Moving Walkways
Report Breakup by Service:
• New Instal lat ion
Segmentation • Maintenance and Repair
• Modernizat ion
Breakup by End Use:
• Residentia l
• Commercial
o Offi ces
o Hospital i ty
o Mixed Block
o Others
Report Breakup by Region:
Segmentation • North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Canny Elevator Co. Ltd.
• Electra Elevators
• Fuj i tec Co. Ltd.
• Gulf  E levators & Escalators Co. Ltd.
• Hitachi  Ltd.
Competitive • Hyundai  E levator Co. Ltd.
• Johnson Li fts Pr ivate L imited
Landscape 
• Kleemann Group
with Key • KONE Corporation
Players • Mitsubishi  E lectr ic Corporation
• Otis Elevator Company ( I ) .  Ltd (Otis 
Worldwide Corporation)
• Schindler Holding Ltd.
• Sigma Elevator Company
• Toshiba Elevator and Bui lding Systems 
Corporation (Toshiba Corporation)
How big is the global elevator and escalator market?
What is the expected growth rate of the global elevator 
and escalator market during 2024-2032?
What are the key factors driving the global elevator and 
escalator market?
Key 
What has been the impact of COVID-19 on the global 
elevator and escalator market?
Questions 
What is the breakup of the global elevator and 
Answered in escalator market based on the type?
the Report What is the breakup of the global elevator and 
escalator market based on the service?
What is the breakup of the global elevator and 
escalator market based on the end use?
What are the key regions in the global elevator and 
escalator market?
Who are the key players/companies in the global 
elevator and escalator market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
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    2 . 4     M a r k e t  E s t i m a t i o n
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Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  E l e v a t o r  a n d  E s c a l a t o r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     E l e v a t o r s
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        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     M o v i n g  W a l k w a y s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  S e r v i c e
       
    7 . 1     N e w  I n s t a l l a t i o n
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    7 . 2     M a i n t e n a n c e  a n d  R e p a i r
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        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     M o d e r n i z a t i o n
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        7 . 3 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  E n d  U s e
    8 . 1     R e s i d e n t i a l
Table of         8 . 1 . 1  M a r k e t  T r e n d s        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     C o m m e r c i a l
        8 . 2 . 1  M a r k e t  T r e n d s
Contents         8 . 2 . 2  K e y  S e g m e n t s           8 . 2 . 2 . 1  O f f i c e s
           8 . 2 . 2 . 2  H o s p i t a l i t y
           8 . 2 . 2 . 3  M i x e d  B l o c k
           8 . 2 . 2 . 4  O t h e r s
        8 . 2 . 3  M a r k e t  F o r e c a s t
9     M a r k e t  B r e a k u p  b y  R e g i o n
    9 . 1     N o r t h  A m e r i c a
        9 . 1 . 1  U n i t e d  S t a t e s
           9 . 1 . 1 . 1  M a r k e t  T r e n d s
           9 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        9 . 1 . 2  C a n a d a
           9 . 1 . 2 . 1  M a r k e t  T r e n d s
           9 . 1 . 2 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /e lev a to r-e sc a l a to r-m a rke t / t o c
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