An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development. In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This report contains market size and forecasts of Elevator in global, including the following market information:
Global Elevator Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Elevator Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Elevator companies in 2021 (%)
The global Elevator market was valued at 42400 million in 2021 and is projected to reach US$ 54660 million by 2028, at a CAGR of 3.7% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Elevator Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Elevator include Otis, Kone, Schindler, Mitsubishi Electric, TK Elevator, Hitachi, Toshiba, Hyundai and Hangzhou XiOlift, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Elevator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Elevator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Type, 2021 (%)
Elevator
Escalator
Moving Walkway
Global Elevator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Application, 2021 (%)
Residential Area
Commercial Office
Transportation Hub
Industrial Area
Global Elevator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Elevator revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Elevator revenues share in global market, 2021 (%)
Key companies Elevator sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Elevator sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Otis
Kone
Schindler
Mitsubishi Electric
TK Elevator
Hitachi
Toshiba
Hyundai
Hangzhou XiOlift
Fujitec
Yungtay Engineering
Canny Elevator
Volkslift
Guangri Elevator
SJEC
Edunburgh Elevator
IFE Elevators
Meilun Elevator
Suzhou Diao
CNYD
Syney Electric
Dongnan Elevator