I.INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations

Disclaimers

Data Interpretation & Reporting Level

Quantitative Techniques & Analytics

Product Definitions and Scope of Study

Elevators

Escalators

I. EXECUTIVE SUMMARY

1.INDUSTRY OVERVIEW

Elevators and Escalators: Maximizing City Efficiency by Enabling Prompt, Safe, and Comfortable People’s Flow

Growth Drivers in a Nutshell

Mega Trends Benefiting E&E Demand Summarized

Table 1: Major Demand Drivers for Elevators and Escalators (2016 & 2030): Urban Population, Middle Class, Aging Population, and Single Person Households (includes corresponding Graph/Chart)

Top Factors Influencing Market Growth: Ranked in the Order of Importance

Global Market Outlook

Developing Countries Dominate New Elevator and Escalator Installations and Spearhead Market Growth

Table 2: Global New Installations (Units) of Elevators and Escalators by Region/ Country (2016): Percentage Breakdown for Asia-Pacific (excl. China), China, EMEA, North America, and South America (includes corresponding Graph/Chart)

Table 3: Global Elevators and Escalators Market - Geographic Regions Ranked by Volume CAGR for 2016-2024: Asia-Pacific, Middle East & Africa, Latin America, Europe, Canada, USA, and Japan (includes corresponding Graph/Chart)

Upward Movement in Construction Activity to Drive Strong Market Gains

Table 4: Projected Growth in the Asian Construction Market by Region and Sector (2014-2020) (includes corresponding Graph/Chart)

China & India: Underpenetrated Nature of the Markets Offer Huge Market Growth Potential

Table 5: Elevator Density for Major Countries Worldwide (2017E): Number of Elevator Units for Thousand Individuals (includes corresponding Graph/Chart)

Table 6: Elevator and Escalator Units in Operation (Installed Base) in China: 2010, 2012, 2014, and 2016 (includes corresponding Graph/Chart)

Table 7: New Elevators and Escalators (E&E) Demand in China by City Category (2008 & 2018E): Percentage Breakdown of Unit Sales for Tier 1, Tier 2, Tier 3 and Tier 4 Cities (includes corresponding Graph/Chart)

Table 8: New Elevators and Escalators (E&E) Demand in China by End-use Sector (2008 & 2018E): Percentage Breakdown of Unit Sales for Residential, and Non-Residential (includes corresponding Graph/Chart)

Aging Installed Base Drive Modernization Initiatives and Replacement Sales in the Developed Markets

Table 9: Global Elevators & Escalators (Installed Base) by Region/Country (2017E): Percentage Share Breakdown for Asia-Pacific (excl. China), China, EMEA, North America, and South America (includes corresponding Graph/Chart)

2.COMPETITION

E&E Marketplace: Highly Competitive and Consolidated

Table 10: Leading Elevators and Escalators Companies Worldwide (2017E): Percentage Value Market Share for Fujitec, Hitachi, KONE, Mitsubishi Electric, Otis, Schindler, ThyssenKrupp, and Others (includes corresponding Graph/Chart)

Competition: Noteworthy Trends

Modularity Becomes a Norm

Customized Products

Harmonized Regulation

Prices to Remain Steady

What Does It Take to Survive in the Marketplace?

Key Challenges Hampering Profitability of Market Participants

Lack of Trained Workforce

Stringent Government Regulations

Pricing Pressures

Online Marketplace: The New Distribution Vertical

3.MARKET TRENDS, ISSUES & DRIVERS

Growing Prominence of Smart Elevators in Smart Cities of the Future to Drive Healthy Market Growth

Table 11: Global Smart Elevators Market - Annual Revenue Figures in US$ Billion for Years 2015, 2018 & 2020 (includes corresponding Graph/Chart)

Growth Drivers Summarized

Upcoming Smart Cities to Fuel Large-Scale Adoption of Smart Elevators and Escalators

Table 12: Global Spending on Smart City Infrastructure by End-use (2017 & 2020): Breakdown of Spend (Hardware, Software, and Services) in US$ Million for Buildings & Homes, Education, Industry Automation, Power Supply, Security, and Others (includes corresponding Graph/Chart)

Table 13: Number of Smart Cities Worldwide (2013-2020) (includes corresponding Graph/Chart)

Table 14: Number of Smart Cities Worldwide by Geographic Region (2025) (includes corresponding Graph/Chart)

Mushrooming Super Tall Buildings in Vertically Expanding Cities Provide the Perfect Platform for Market Expansion

Table 15: Top 25 Completed Super Tall Buildings Worldwide (2017): Rank, Building, City, Country, Height (in Meters), Floors, and Year of Completion

Innovations Make Vertical Transportation Intelligent, Faster, Safer and More Comfortable

Super Tall Buildings: The Sky is the Limit

Shift in the World’s Tallest Buildings from West to the East

Faster Moving Elevators: The Next Big Thing for Tall Skyscrapers

Elevators as Urban Transit Platforms amidst Rapid Urbanization Globally Drives Market Adoption

Table 16: Percentage of Population Living in Flats/Apartments for Select Countries: 2017E (includes corresponding Graph/Chart)

Table 17: World Urban Population in Thousands: 1950-2050P (includes corresponding Graph/Chart)

Table 18: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1990, 2014 & 2050 (includes corresponding Graph/Chart)

IoT and Shift to the Digital Landscape Transform Elevator Functionality and Efficiency Levels

Key Components of Digitalization

Recovery in Construction Activity Worldwide Offer Bright Prospects for the Elevators and Escalators Market

Table 19: Global Construction Output by Country (2016): Breakdown of Construction Output (US$ Billion) and Percentage Change by 2022 (includes corresponding Graph/Chart)

Table 20: Percentage Contribution to Growth in Global Construction Output by Major Countries over the Period 2010-2022 (includes corresponding Graph/Chart)

Table 21: Growth in the Global Construction Market by Sector: 2015-2022 (includes corresponding Graph/Chart)

Table 22: Global Construction Market by Region (2015 & 2020P): Percentage Breakdown of Construction Spending for Asia, Western Europe, North America, Latin America, Eastern Europe, Africa, and Middle East (includes corresponding Graph/Chart)

Surge in Infrastructure Development Powers Demand Growth

Table 23: Global Infrastructure Investment by Investment Area (2014-2030): Breakdown of Investment (in US$ Trillion) for Airports, Ports, Power, Railways, Roadways, Telecom, and Water (includes corresponding Graph/Chart)

Increasing Focus on Energy Savings Drive Demand for Maintenance and Modernization

The Green Infrastructure’ Trend & Favorable Regulations Spur Demand for ?Green’ Elevators

Elevators Go Green

Recent Sustainability Initiatives of Vertical Transit System Manufacturers

Elevators and Escalators with Enhanced Child Security: Need of the Hour

Innovative System by Meiller to Make Elevators Safe for Children

Aesthetics: An Essential Factor Aiding Market Growth

Maintenance: The Segment with the Highest Growth Potential

In-home Elevators Grow in Popularity

Population Growth, Expanding Middle Class, and Rising Living Standards Strengthen Market Prospects

Population Growth

Table 24: World Population by Geographic Region (2000-2050) (in Millions) (includes corresponding Graph/Chart)

Aging Population: A Weighty Growth Driver

Table 25: Global Population Statistics for the 65+ Age Group (2016) (includes corresponding Graph/Chart)

Burgeoning Middle Class

Table 26: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035 (includes corresponding Graph/Chart)

Table 27: Global Middle Class Spending (in US$ Trillion) by Region (2015 & 2030F) (includes corresponding Graph/Chart)

Rising Standards of Living

4.TECHNOLOGY INNOVATIONS & ADVANCEMENTS

Otis: Recent Elevator & Escalator Innovations

Smart Elevators with Connected Technologies

ReGen? Drives and GeN2? Elevator System

Remote Electronic Monitoring (REM) System

KONE: Recent Elevator & Escalator Innovations

Marketing Cloud, CRM and Service Cloud

24*7 Connected Service

Ultrarope: A Robust and Lightweight Solution

Direct Drive System

Peoples Flow Solutions

Remote Monitoring System

Other Noteworthy Innovations by KONE and their Key Features

Schindler: Recent Elevator and Escalator Innovations

Destination Dispatch Technology

Solar Elevator

myPORT, a Significant Development in PORT Technology

Technologies for “Green” Buildings

ThyssenKrupp: Recent Elevator and Escalator Innovations

MULTI, World’s First Rope-Free Elevator System

Ultra-Rapid Observatory Elevators

MAX, A Cloud-Connected Service

Other Noteworthy Elevator Innovations by ThyssenKrupp: Key Features

Hitachi’s Recent Elevator Innovations

Ultra-High-Speed Elevator

Circulating Multi-Car Elevator System

Mitsubishi: Recent Elevator and Escalator Innovations

World’s Biggest Spiral Escalator

Super High Speed Elevator

Destination Oriented Allocation System (DOAS)

Airflow Analysis Technology

Other Notable Elevator and Escalator Innovations and Advancements

Thoth Technology’s Space Elevator Touches the Sky, Literally

Futuristic Elevators with Magnetic Levitation

Virtual Terminal Interface

CiA?417 Application Profile

Implementation of Virtual Terminal

Uses of Virtual Terminal

Artificial Intelligence-Based Software for Elevators

Touch Screen Interface for Elevator Destination Control Systems

Digital Toolbox

Data Logging Systems

Bluetooth Technology

Touchless Summoning

Elevator Virtual Window Solution

Interactive Digital Displays

Vertical Subway Concept

Space Lifts

Traction Belts

Polyamide Sheaves

High-tensile Polymers-based Ropes

Conti? Polyrope

Eco-Friendly Fluids in Hydraulic Elevator Systems

Energy Efficient In-Cab Lighting

Microprocessors & Power Semiconductor Applications

Double Deck Elevators

Hall Call Allocation

Nano Carbon Cables

Planetary Gears and Helical Gears

Disk Brakes

Variable Frequency Multi Speed Drives

Lightweight Materials in Escalators

Automatic Powering & Shutoff System

Soft Start and Stop Options

Inverter Enabled Stand-By Speed Mode

5.PRODUCT OVERVIEW

Elevators, Lifts and Hoists: Background and Development

Elevators: An Evolutionary Scan

Emergence of Advanced Electric Elevators

Gearless Traction Electric Elevators

Geared Traction Elevators

Machine Roomless (MRL) Elevators

Hydraulic Elevators

Dumbwaiters

Double-Deck Elevators

Observation Elevators

Sky Lobby

Freight Elevators

Residential Elevators

Reasons for Elevator Accidents

Safety Measures Related to Elevators

Vital Gadgets to Minimize Accidents

Other Measures

Precautionary Measures in Case of Earthquakes

Elevator Product Life Cycle

Escalators

Stairs Equipped with Handrails for Grip

Types of Escalators

Moving Stairways

Moving Walkways

Curved Escalator

Spiral Escalator

Hydraulic Elevators and Traction Elevators - A Comparison

6.PRODUCT LAUNCHES

Hitachi Introduces New TX Series Escalator

ThyssenKrupp Introduces World’s First Rope-less and Sideways-moving Elevator System

Express Elevator Unveils Homex 7100 Elevator

Otis Elevator Introduces Gen2 Core Energy Efficient Elevator

Mitsubishi Introduce S-series Escalators with Extra Safety & Conservation

Otis Elevators Launches New Gen2 Elevator

Hitachi Introduces New Machine room-less Elevator

Mitsubishi Introduces NEXIEZ-S Elevator Lineup

TJEI Unveils Brand New Elevator Series ELCOSMO-TJ

KONE Unveils KONE MonoSpace 500 MRL Elevator

7.RECENT INDUSTRY ACTIVITY

Bermuda Elevator Systems Installs Elevators in New Airport Terminal

Savaria to Take Over Assets of Visilift

KONE Inks Agreement with Scan Technologies

KONE Supplies High-rise Elevators to OCT Tower

KONE Supplies Elevators & Escalators to Raffles City Chongqing

KONE Takes Over Alois Kasper GmbH

KONE Supplies Elevators to the Greenland Centre

Schindler to Take Over Dralle Aufz?ge

ThyssenKrupp Secures Contract from Sunshine Insurance Group

KONE Supplies Elevators & Escalators for Funan

Hitachi Takes over Temple Lifts Ltd.

KONE Receives Order for Neva Towers

KONE Receives Order for Twin Tower Complex

KONE Receives Order for Riyadh’s Metro

Hitachi & Siam-Hitachi Sets Up a Joint Venture for Elevators & Escalators

OEC Commence Operations in Sri Lanka

ThyssenKrupp Provides Maintenance Services for Mobility Systems

Savaria Takes Over assets of Premier Lifts

KONE Supplies Elevators & Escalators for BIA Expansion

KONE Sets Up World’s First Arched Escalators

Hitachi Sets Up Hitachi Elevator Vietnam

KONE Receives Order for China’s Xi’an Metro Line 4

Otis Installs Elevators and Escalators at Tianxi International Center

KONE Sets Up KONE UltraRope in China Zun

Nippon Otis Takes Over Schindler Service Business

Otis Electric Elevator Replace Xizi Otis Brand in China

KONE Takes Over Majority Control in Citylift

Otis Elevators Increases Otis SkyRise Elevator Family in Colombia

Otis Elevators Expands Otis SkyRise Elevator Family in Mexico

Huawei Inks Global Frame Agreement with Schindler

Mitsubishi Electric Sets Up New Elevator Facility

Schindler Takes Over Major Control in XJ Elevator

KONE Takes Over City Elevator Company

KONE Installs 200 Units at 30 Stations of Chongqing Metro

KONE Takes Over Remaining Stake in GiantKONE

Toshiba Johnson Receives Order from M/s. Meenakshi Infrastructures

Mitsubishi Supplies Elevators & Escalators to MRT

Mitsubishi Supplies Fastest Elevators

Schindler Enter into Strategic Alliance with GE

KONE Inaugurates New Facility in Allen

KONE Supplies 62 Elevators to Goldmark City

Schindler Takes Over the German FB Group

Schindler Takes Over 25% Equity Stake in Volkslift

KONE Installs Elevators in Beijing’s Lize Financial Business District

KONE Installs Elevators & Escalators for Twin Tower Development

KONE Takes Over ThyssenKrupp Hissit Oy

8.FOCUS ON SELECT GLOBAL PLAYERS

Canny Elevator Co., Ltd. (China)

Fujitec Co., Ltd. (Japan)

Hitachi Ltd. (Japan)

Hyundai Elevators Co., Ltd. (South Korea)

Kleemann Hellas S.A. (Greece)

KONE Oyj (Finland)

Mitsubishi Electric Corporation (Japan)

Otis Elevator Company (USA)

Savaria Corporation (Canada)

Schindler Group (Switzerland)

SJEC Corporation (China)

ThyssenKrupp Elevator AG (Germany)

Toshiba Elevator and Building Systems Corporation (Japan)

9.GLOBAL MARKET PERSPECTIVE

Volume Sales

Table 28: World Recent Past, Current & Future Analysis for Elevators and Escalators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 29: World Historic Review for Elevators and Escalators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 30: World 14-Year Perspective for Elevators and Escalators by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Table 31: World Recent Past, Current & Future Analysis for Elevators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 32: World Historic Review for Elevators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 33: World 14-Year Perspective for Elevators by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Table 34: World Recent Past, Current & Future Analysis for Escalators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 35: World Historic Review for Escalators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 36: World 14-Year Perspective for Escalators by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Value Sales

Table 37: World Recent Past, Current & Future Analysis for Elevators & Escalators (Equipment and Services) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 38: World Historic Review for Elevators & Escalators (Equipment and Services) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets Independently Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 39: World 14-Year Perspective for Elevators & Escalators (Equipment and Services) by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa, and Latin America Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

II. MARKET

1.THE UNITED STATES

A. Market Analysis

Recovery in Construction Activity Drive Healthy Market Growth

Table 40: Residential Construction in the US (2007-2016): Number of Housing Starts by Type - Single-Family Units and Multi-Family Units (in ?000) (includes corresponding Graph/Chart)

Table 41: Projected Growth (%) of the US Construction Market over the Period 2012-2020 by Sector (includes corresponding Graph/Chart)

Growing Prominence of Smart Homes Benefit Demand for Smart Elevators

Aging Installed Base and Focus on Energy Efficient Green Infrastructure to Drive Replacement Demand

Product Launch

Strategic Corporate Developments

Otis Elevator Company – A Major US-Based Company

B. Market Analytics

Table 42: US Recent Past, Current & Future Analysis for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 43: US Historic Review for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 44: US 14-Year Perspective for Elevators and Escalators by Product Segment - Percentage Breakdown of Unit Sales for Elevators and Escalators Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Table 45: US Recent Past, Current & Future Analysis for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 46: US Historic Review for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

2.CANADA

A. Market Analysis

Rising Need to Replace Aging and Faulty Elevators Drive Market Growth

Recovery in Construction Projects Spurs Demand for New E&E Installations

Table 47: Housing Starts in Canada (2008-2016): Breakdown of Number of Housing Starts in Thousands (includes corresponding Graph/Chart)

Table 48: Canadian Non-Residential Construction Sector’s Capital Expenditure in US$ Billion: 2010-2014 (includes corresponding Graph/Chart)

Strategic Corporate Developments

Savaria Corporation – A Major Canada-Based Company

B. Market Analytics

Table 49: Canadian Recent Past, Current & Future Analysis for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 50: Canadian Historic Review for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 51: Canadian 14-Year Perspective for Elevators and Escalators by Product Segment - Percentage Breakdown of Unit Sales for Elevators and Escalators Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Table 52: Canadian Recent Past, Current & Future Analysis for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 53: Canadian Historic Review for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

3.JAPAN

A. Market Analysis

Disaster Recovery Efforts Drive Housing and E&E Market Growth

Proposed 2020 Tokyo Olympics Boosts Market Prospects

Growing Preference for High-Speed Elevators Benefits Market Expansion

Smart Elevators to Detect Seismic Activity

Toilets to Soon Be Part of Japanese Elevators

Product Launches

Strategic Corporate Development

Select Key Players

B. Market Analytics

Table 54: Japanese Recent Past, Current & Future Analysis for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 55: Japanese Historic Review for Elevators and Escalators by Product Segment - Elevators and Escalators Markets Independently Analyzed with Annual Sales Figures in Units for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 56: Japanese 14-Year Perspective for Elevators and Escalators by Product Segment - Percentage Breakdown of Unit Sales for Elevators and Escalators Markets for Years 2011, 2017 & 2024 (includes corresponding Graph/Chart)

Table 57: Japanese Recent Past, Current & Future Analysis for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 58: Japanese Historic Review for Elevators and Escalators Market Analyzed with Annual Equipment Sales and Service Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

4.EUROPE

A. Market Analysis

Europe: A Matured yet Growing Market for Elevators and Escalators

Europe: One of the Leading Smart Elevators Markets in the World

Aging Elevators & Escalators Shift Focus on Modernization

Key Factors to Consider during Elevator Systems Modernization

Optimization of Car Size

Drum Drive

Geared or Gearless Systems

Door Openings

Energy Efficiency

Reuse of Existing Components

Completing Project in Different Phases

Structural Aspects

Operating/Indicator Components

Unintended Car Movement (UCM)

Recovery in Construction Activity to Sustain Growth in Demand

Table 59: Construction Industry in Europe (2014-2018): Percentage Change in Construction Output for Major Countries (includes corresp