Table of Content


"1    INTRODUCTION    29
1.1    STUDY OBJECTIVES    29
1.2    MARKET DEFINITION    29
1.3    MARKET SCOPE    30
FIGURE 1    ELEVATORS & ESCALATORS MARKET SEGMENTATION    30
1.3.1    REGIONAL SCOPE    30
1.3.2    YEARS CONSIDERED    31
1.4    CURRENCY CONSIDERED    31
1.5    UNIT CONSIDERED    31
1.6    STAKEHOLDERS    31
1.7    LIMITATIONS    32
1.8    SUMMARY OF CHANGES    32
2    RESEARCH METHODOLOGY    33
2.1    RESEARCH DATA    33
FIGURE 2    ELEVATORS & ESCALATORS MARKET: RESEARCH DESIGN    33
2.2    MARKET SIZE ESTIMATION    34
FIGURE 3    APPROACH 1: BOTTOM-UP APPROACH    34
FIGURE 4    APPROACH 2: TOP-DOWN APPROACH    34
2.3    DATA TRIANGULATION    35
2.3.1    SECONDARY DATA    35
2.3.2    PRIMARY DATA    35
FIGURE 5    DATA TRIANGULATION    36
2.4    KEY MARKET INSIGHTS    36
FIGURE 6    LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF
PRIMARY INTERVIEWS    37
2.5    RESEARCH ASSUMPTIONS & LIMITATIONS    37
2.5.1    ASSUMPTIONS    37
2.5.2    LIMITATIONS    38
2.5.3    RISK ASSESSMENT    38
TABLE 1    LIMITATIONS & ASSOCIATED RISKS    38
TABLE 2    RISKS    38
3    EXECUTIVE SUMMARY    39
FIGURE 7    NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT OF
ELEVATORS & ESCALATORS MARKET    39
FIGURE 8    RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY
MARKET SEGMENT    40
FIGURE 9    ASIA PACIFIC TO BE FASTEST-GROWING ELEVATORS & ESCALATORS MARKET    40
4    PREMIUM INSIGHTS    42
4.1    ASIA PACIFIC TO GROW AT A HIGHER RATE DUE TO RAPID INDUSTRIALIZATION
AND INCREASING END-USE INDUSTRIES    42
FIGURE 10    EXPANSIONS AND ACQUISITIONS TO OFFER LUCRATIVE OPPORTUNITIES
IN ELEVATORS & ESCALATORS MARKET    42
4.2    ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY    42
FIGURE 11    MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO BE THE FASTEST-GROWING ELEVATOR TECHNOLOGY    42
4.3    ELEVATORS & ESCALATORS MARKET, BY TYPE    43
FIGURE 12    ELEVATORS TYPE SEGMENT TO LEAD ELEVATORS & ESCALATORS MARKET    43
4.4    ELEVATORS & ESCALATORS MARKET, BY REGION AND END-USE INDUSTRY    43
FIGURE 13    ASIA PACIFIC AND RESIDENTIAL LED THEIR RESPECTIVE SEGMENTS
IN ELEVATORS & ESCALATORS MARKET IN 2020    43
5    MARKET OVERVIEW    44
5.1    INTRODUCTION    44
5.2    MARKET DYNAMICS    44
FIGURE 14    DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:
ELEVATORS & ESCALATORS MARKET    44
5.2.1    DRIVERS    45
5.2.1.1    Increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization    45
FIGURE 15    URBAN AND RURAL POPULATION 1950–2050    45
5.2.1.2    Growing need for reducing energy consumption in buildings    46
5.2.1.3    Growing aging population to facilitate development of better infrastructure within buildings    46
FIGURE 16    NUMBER OF PEOPLE AGED 65 YEARS AND ABOVE, BY REGION,
2019 AND 2050    46
5.2.2    RESTRAINTS    47
5.2.2.1    Uncertainty and risk regarding global economy    47
5.2.2.2    High maintenance cost    47
5.2.3    OPPORTUNITIES    47
5.2.3.1    Adoption of green building codes and energy-efficient products    47
5.2.3.2    Development of innovative technologies and rising demand
for smart elevators    48
5.2.4    CHALLENGES    48
5.2.4.1    Compliance with standards and regulations    48
5.2.4.2    Economic slowdown    48
5.3    PORTER’S FIVE FORCES ANALYSIS    49
FIGURE 17    ELEVATORS & ESCALATORS MARKET: PORTER'S FIVE FORCES ANALYSIS    49
TABLE 3    ELEVATORS & ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS    49
5.3.1    THREAT OF NEW ENTRANTS    50
5.3.2    THREAT OF SUBSTITUTES    50
5.3.3    BARGAINING POWER OF SUPPLIERS    50
5.3.4    BARGAINING POWER OF BUYERS    50
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    50
5.4    VALUE CHAIN    51
FIGURE 18    ELEVATORS & ESCALATORS MARKET: VALUE CHAIN    51
5.4.1    RESEARCH & DEVELOPMENT    51
5.4.2    COMPONENT MANUFACTURER    51
5.4.3    MANUFACTURER    51
5.4.4    SOFTWARE & SERVICE    51
5.4.5    INTEGRATOR    52
5.4.6    END-USE APPLICATION    52
5.5    TRENDS & DISRUPTIONS IMPACTING CUSTOMERS    52
5.5.1    REVENUE SHIFT & NEW REVENUE POCKETS FOR ELEVATORS
& ESCALATORS MANUFACTURERS    52
FIGURE 19    REVENUE SHIFT FOR ELEVATORS & ESCALATORS MANUFACTURERS    52
5.6    REGULATORY LANDSCAPE    53
5.6.1    CONTAINER COMPLIANCE OPTIONS FOR SAFETY AND ACCESSIBILITY
IN EUROPE    53
5.6.2    LIFT/ELEVATOR STANDARDS IN ASIA PACIFIC (INDIA)    53
5.7    TECHNOLOGY TRENDS    54
5.7.1    ADOPTION OF ECO-FRIENDLY PRODUCTS    54
5.7.2    ARTIFICIAL INTELLIGENCE    54
5.7.3    INTUITIVE ELEVATOR TECHNOLOGY    54
5.7.4    INTERNET OF THINGS    54
5.7.5    CONNECTIVITY 5G TECHNOLOGY    54
5.8    CASE STUDY ANALYSIS    55
5.8.1    CASE STUDY 1: ELEVATORS GURGAON MEDANTA    55
5.8.2    CASE STUDY 2: ENERGY-EFFICIENT BUILDING INITIATIVE MUMBAI-
THE RUBY BUILDING SYSTEMS – ELEVATORS    55
5.8.3    CASE STUDY 3: HONEYWELL- CORPORATE OFFICE RENOVATIONS    56
5.8.4    CASE STUDY 4: KONE CORPORATION- 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA    56
5.9    ECOSYSTEM    57
FIGURE 20    ECOSYSTEM FOR ELEVATORS & ESCALATORS MARKET    57
5.10    PRICING ANALYSIS    57
TABLE 4    AVERAGE PRICES OF ELEVATORS & ESCALATORS, BY REGION (USD/UNIT)    58
5.11    TRADE ANALYSIS    58
TABLE 5    ELEVATORS & ESCALATORS IMPORT TRADE DATA, 2020 (USD THOUSAND)    58
TABLE 6    ELEVATORS & ESCALATORS EXPORT TRADE DATA, 2020 (USD THOUSAND)    59
5.12    PATENT ANALYSIS    60
5.12.1    INTRODUCTION    60
5.12.2    METHODOLOGY    60
5.12.3    DOCUMENT TYPE    60
FIGURE 21    TOTAL PATENTS- LAST 10 YEARS    61
FIGURE 22    PUBLICATION TRENDS - LAST 10 YEARS    61
5.12.4    INSIGHT    61
5.12.5    LEGAL STATUS OF THE PATENTS    62
FIGURE 23    LEGAL STATUS OF THE PATENTS    62
5.12.6    JURISDICTION ANALYSIS    62
FIGURE 24    JURISDICTION ANALYSIS    62
5.12.7    TOP COMPANIES/APPLICANTS    63
FIGURE 25    TOP COMPANIES/APPLICANTS    63
TABLE 7    LIST OF PATENTS BY MITSUBISHI ELECTRIC CORPORATION.    63
TABLE 8    LIST OF PATENTS BY OTIS ELEVATOR COMPANY    64
TABLE 9    LIST OF PATENTS BY KONE CORPORATION    65
TABLE 10    TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS    66
5.13    COVID-19 IMPACT ON ELEVATORS & ESCALATORS MARKET    67
5.13.1    COVID-19 IMPACT ON CONSTRUCTION INDUSTRY    67
6    ELEVATORS & ESCALATORS MARKET, BY TYPE    68
6.1    INTRODUCTION    69
FIGURE 26    ELEVATOR TYPE SEGMENT TO LEAD ELEVATORS & ESCALATORS MARKET    69
TABLE 11    ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    69
TABLE 12    ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    69
6.2    ELEVATORS    70
6.2.1    ELEVATORS SEGMENT TO DOMINATE THE MARKET    70
6.2.2    PASSENGER ELEVATOR    70
6.2.2.1    Bed elevator    70
6.2.2.2    Service elevator    70
6.2.2.3    Observation elevator    71
6.2.2.4    Residential elevator    71
6.2.3    FREIGHT ELEVATOR    71
6.2.3.1    Dumbwaiters    71
6.2.3.2    Vehicle elevators    71
6.2.4    OTHERS    72
6.3    ESCALATORS    72
6.3.1    BOOM IN REAL ESTATE SECTOR AND NEED FOR EFFICIENT & RAPID
TRANSIT SYSTEMS ARE DRIVING MARKET    72
6.4    MOVING WALKWAYS    72
6.4.1    MUSHROOMING OF AIRPORTS AND SHOPPING MALLS IS DRIVING MARKET    72
7    ELEVATORS & ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY    73
7.1    INTRODUCTION    74
FIGURE 27    MACHINE-ROOM-LESS TRACTION ELEVATOR SEGMENT TO BE THE FASTEST-GROWING SEGMENT    74
TABLE 13    ELEVATORS & ESCALATORS MARKET SIZE, BY ELEVATOR TECHNOLOGY, 2019–2026 (USD MILLION)    74
TABLE 14    ELEVATORS & ESCALATORS MARKET SIZE, BY ELEVATOR TECHNOLOGY, 2019–2026 (THOUSAND UNITS)    74
7.2    TRACTION ELEVATOR    75
7.2.1    LIGHTWEIGHT PROPERTIES DRIVE MARKET GROWTH    75
7.3    MACHINE-ROOM-LESS TRACTION ELEVATOR    75
7.3.1    COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF
TECHNOLOGY DRIVE SEGMENT    75
7.4    HYDRAULIC    75
7.4.1    TECHNICAL SPECIALITIES OF TECHNOLOGY HAS LED TO INCREASE
IN DEMAND FOR SEGMENT    75
8    ELEVATORS & ESCALATORS MARKET, BY SERVICE    76
8.1    INTRODUCTION    77
FIGURE 28    NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT DURING
FORECAST PERIOD    77
TABLE 15    ELEVATORS & ESCALATORS MARKET SIZE, BY SERVICE,
2019–2026 (USD MILLION)    77
TABLE 16    ELEVATORS & ESCALATORS MARKET SIZE, BY SERVICE,
2019–2026 (THOUSAND UNITS)    77
8.2    NEW INSTALLATION    78
8.2.1    SURGE IN URBANIZATION AND RISE IN CONSTRUCTION ACTIVITIES
TO DRIVE THE SEGMENT    78
8.3    MAINTENANCE & REPAIR    78
8.3.1    GROWING CONCERN TOWARD AGING ELEVATORS IS DRIVING SEGMENT    78
8.4    MODERNIZATION    78
8.4.1    INNOVATIVE TECHNOLOGIES AND NEED TO REPLACE AGING AND OBSOLETE SYSTEMS ARE DRIVING MARKET FOR SEGMENT    78
9    ELEVATORS & ESCALATORS MARKET, BY END-USE INDUSTRY    79
9.1    INTRODUCTION    80
FIGURE 29    RESIDENTIAL TO BE FASTEST-GROWING END-USE INDUSTRY SEGMENT    80
TABLE 17    ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    80
TABLE 18    ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (THOUSAND UNITS)    81
9.2    RESIDENTIAL    81
9.2.1    GROWING HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION IS
FUELING DEMAND FOR ENERGY-EFFICIENT ELEVATORS    81
9.3    COMMERCIAL    81
9.3.1    NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL
SPACES TO RAISE DEMAND FOR SMART ELEVATORS    81
9.4    INSTITUTIONAL    82
9.4.1    RISING DEMAND FOR NEW INSTITUTIONS IS LEADING TO GROWTH
OF SEGMENT    82
9.5    INFRASTRUCTURAL    82
9.5.1    RAPID URBANIZATION IS DRIVING GROWTH OF SEGMENT    82
9.6    OTHERS    82
10    ELEVATORS & ESCALATORS MARKET, BY REGION    83
10.1    INTRODUCTION    84
TABLE 19    INTERIM ECONOMIC OUTLOOK FORECAST, 2019 TO 2021    85
FIGURE 30    ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD    86
TABLE 20    ELEVATORS & ESCALATORS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    86
TABLE 21    ELEVATORS & ESCALATORS MARKET SIZE, BY REGION,
2019–2026 (THOUSAND UNITS)    86
10.2    ASIA PACIFIC    87
10.2.1    IMPACT OF COVID-19 IN ASIA PACIFIC    87
FIGURE 31    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SNAPSHOT    88
TABLE 22    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)    88
TABLE 23    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)    89
TABLE 24    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    89
TABLE 25    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    89
TABLE 26    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    90
TABLE 27    ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    90
10.2.2    CHINA    91
10.2.2.1    China to continue leading in Asia Pacific elevators
& escalators market    91
TABLE 28    CHINA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    91
TABLE 29    CHINA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    91
TABLE 30    CHINA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    92
TABLE 31    CHINA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    92
10.2.3    INDIA    92
10.2.3.1    Government initiatives for 100 smart cities to fuel growth    92
TABLE 32    INDIA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    93
TABLE 33    INDIA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    93
TABLE 34    INDIA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    93
TABLE 35    INDIA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    94
10.2.4    JAPAN    94
10.2.4.1    Surging adoption of smart technologies to boost market    94
TABLE 36    JAPAN: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    94
TABLE 37    JAPAN: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    95
TABLE 38    JAPAN: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    95
TABLE 39    JAPAN: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    95
10.2.5    SOUTH KOREA    96
10.2.5.1    Increasing government initiatives for smart cities is
boosting the market    96
TABLE 40    SOUTH KOREA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    96
TABLE 41    SOUTH KOREA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    96
TABLE 42    SOUTH KOREA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    97
TABLE 43    SOUTH KOREA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    97
10.2.6    REST OF ASIA PACIFIC    97
TABLE 44    REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    97
TABLE 45    REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND UNITS)    98
TABLE 46    REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    98
TABLE 47    REST OF ASIA PACIFIC: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    98
10.3    EUROPE    99
TABLE 48    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)    99
TABLE 49    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY,
2019–2026 (THOUSAND UNITS)    99
TABLE 50    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    100
TABLE 51    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    100
TABLE 52    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    100
TABLE 53    EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    101
10.3.1    UK    101
10.3.1.1    Market is growing due to innovation in development of smart cities and new technologies    101
TABLE 54    UK: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    101
TABLE 55    UK: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    102
TABLE 56    UK: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    102
TABLE 57    UK: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    102
10.3.2    GERMANY    103
10.3.2.1    Germany leads elevators & escalators market in Europe    103
TABLE 58    GERMANY: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    103
TABLE 59    GERMANY: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    103
TABLE 60    GERMANY: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    104
TABLE 61    GERMANY: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    104
10.3.3    FRANCE    104
10.3.3.1    Upgradation in elevator technology to boost market    104
TABLE 62    FRANCE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    105
TABLE 63    FRANCE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    105
TABLE 64    FRANCE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    105
TABLE 65    FRANCE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    106
10.3.4    ITALY    106
10.3.4.1    Increasing investment in construction industry to drive the market    106
TABLE 66    ITALY: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    106
TABLE 67    ITALY: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    107
TABLE 68    ITALY: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    107
TABLE 69    ITALY: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    107
10.3.5    SPAIN    108
10.3.5.1    Sustainability in construction industry to drive the market    108
TABLE 70    SPAIN: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    108
TABLE 71    SPAIN: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    108
TABLE 72    SPAIN: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    109
TABLE 73    SPAIN: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    109
10.3.6    REST OF EUROPE    109
TABLE 74    REST OF EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    110
TABLE 75    REST OF EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    110
TABLE 76    REST OF EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    110
TABLE 77    REST OF EUROPE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    111
10.4    NORTH AMERICA    111
TABLE 78    NORTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)    111
TABLE 79    NORTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)    112
TABLE 80    NORTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    112
TABLE 81    NORTH AMERICA: ELEVATORS &ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    112
TABLE 82    NORTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    113
TABLE 83    NORTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    113
10.4.1    US    113
10.4.1.1    US to lead market in North America by 2026    113
TABLE 84    US: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    114
TABLE 85    US: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    114
TABLE 86    US: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    114
TABLE 87    US: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    115
10.4.2    CANADA    115
10.4.2.1    Investment in residential segment to have growth opportunities    115
TABLE 88    CANADA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    115
TABLE 89    CANADA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    116
TABLE 90    CANADA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    116
TABLE 91    CANADA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    116
10.4.3    MEXICO    117
10.4.3.1    Growth of commercial constructions to accelerate market growth    117
TABLE 92    MEXICO: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    117
TABLE 93    MEXICO: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    117
TABLE 94    MEXICO: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    117
TABLE 95    MEXICO: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    118
10.5    MIDDLE EAST & AFRICA    118
10.5.1    IMPACT OF COVID-19 IN MIDDLE EAST & AFRICA    119
TABLE 96    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY COUNTRY, 2019–2026 (USD MILLION)    119
TABLE 97    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY COUNTRY, 2019–2026 (THOUSAND UNITS)    119
TABLE 98    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    119
TABLE 99    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND UNITS)    120
TABLE 100    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    120
TABLE 101    MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    120
10.5.2    UAE    121
10.5.2.1    Growing demand from commercial and infrastructure
industries to boost market    121
TABLE 102    UAE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    121
TABLE 103    UAE: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    121
TABLE 104    UAE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    121
TABLE 105    UAE: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    122
10.5.3    SAUDI ARABIA    122
10.5.3.1    Increasing infrastructural spending to drive market    122
TABLE 106    SAUDI ARABIA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    122
TABLE 107    SAUDI ARABIA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    123
TABLE 108    SAUDI ARABIA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    123
TABLE 109    SAUDI ARABIA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    123
10.5.4    REST OF MIDDLE EAST & AFRICA    124
TABLE 110    REST OF MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    124
TABLE 111    REST OF MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND UNITS)    124
TABLE 112    REST OF MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    124
TABLE 113    REST OF MIDDLE EAST & AFRICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    125
10.6    SOUTH AMERICA    125
10.6.1    IMPACT OF COVID-19 IN SOUTH AMERICA    125
TABLE 114    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)    125
TABLE 115    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)    126
TABLE 116    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    126
TABLE 117    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    126
TABLE 118    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    127
TABLE 119    SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    127
10.6.2    BRAZIL    127
10.6.2.1    Increasing demand for residential & nonresidential construction
is driving market growth    127
TABLE 120    BRAZIL: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    128
TABLE 121    BRAZIL: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    128
TABLE 122    BRAZIL: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    128
TABLE 123    BRAZIL: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    129
10.6.3    ARGENTINA    129
10.6.3.1    Residential to be the largest segment of elevators & escalators market in the country    129
TABLE 124    ARGENTINA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    129
TABLE 125    ARGENTINA: ELEVATORS & ESCALATORS MARKET SIZE, BY TYPE,
2019–2026 (THOUSAND UNITS)    129
TABLE 126    ARGENTINA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    130
TABLE 127    ARGENTINA: ELEVATORS & ESCALATORS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    130
10.6.4    REST OF SOUTH AMERICA    130
TABLE 128    REST OF SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY TYPE, 2019–2026 (USD MILLION)    131
TABLE 129    REST OF SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY TYPE, 2019–2026 (THOUSAND UNITS)    131
TABLE 130    REST OF SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    131
TABLE 131    REST OF SOUTH AMERICA: ELEVATORS & ESCALATORS MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)    132

11    COMPETITIVE LANDSCAPE    133
11.1    OVERVIEW    133
11.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    133
FIGURE 32    COMPANIES ADOPTED PRODUCT DEVELOPMENT AS KEY GROWTH
STRATEGY, 2016–202O    134
11.3    MARKET RANKING    136
FIGURE 33    MARKET RANKING OF KEY PLAYERS, 2020    136
11.3.1    SCHINDLER GROUP    136
11.3.2    OTIS ELEVATOR    136
11.3.3    THYSSENKRUPP AG    137
11.3.4    KONE CORPORATION    137
11.3.5    HITACHI LTD.    137
11.4    REVENUE ANALYSIS OF TOP MARKET PLAYERS    137
FIGURE 34    REVENUE ANALYSIS FOR KEY COMPANIES IN ELEVATORS
& ESCALATORS MARKET    138
11.5    MARKET SHARE ANALYSIS    138
TABLE 132    ELEVATOR AND ESCALATOR MARKET: MARKET SHARES OF KEY PLAYERS    139
FIGURE 35    SHARE OF LEADING COMPANIES IN ELEVATORS & ESCALATORS MARKET    139
11.6    COMPANY EVALUATION QUADRANT    140
FIGURE 36    ELEVATORS & ESCALATORS MARKET (GLOBAL) COMPANY
EVALUATION MATRIX, 2020    140
11.6.1    STAR    141
11.6.2    PERVASIVE    141
11.6.3    EMERGING LEADER    141
11.6.4    PARTICIPANT    141
11.7    COMPETITIVE BENCHMARKING    142
FIGURE 37    STRENGTH OF PRODUCT PORTFOLIO    142
FIGURE 38    BUSINESS STRATEGY EXCELLENCE    143
TABLE 133    COMPANY SERVICE FOOTPRINT    144
TABLE 134    COMPANY TYPE FOOTPRINT    145
TABLE 135    COMPANY REGION FOOTPRINT    146
11.8    COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND
MEDIUM-SIZED ENTERPRISES)    147
11.8.1    PROGRESSIVE COMPANIES    147
11.8.2    RESPONSIVE COMPANIES    147
11.8.3    STARTING BLOCKS    147
11.8.4    DYNAMIC COMPANIES    147
FIGURE 39    COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND
MEDIUM-SIZED ENTERPRISES), 2020    148
11.9    COMPETITIVE SCENARIO AND TRENDS    149
11.9.1    DEALS    149
TABLE 136    ELEVATOR AND ESCALATOR MARKET: DEALS, MAY 2018 NOVEMBER 2021    149
11.9.2    OTHERS    150
TABLE 137    ELEVATOR AND ESCALATOR MARKET: OTHERS, MAY 2018 NOVEMBER 2021    150
12    COMPANY PROFILES    152
12.1    KEY COMPANIES    152
(Business Overview, Products and solutions, Recent Developments, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
12.1.1    SCHINDLER GROUP    152
TABLE 138    SCHINDLER GROUP: BUSINESS OVERVIEW    152
FIGURE 40    SCHINDLER GROUP: COMPANY SNAPSHOT    153
TABLE 139    VOESTALPINE AG: PRODUCT OFFERED    153
TABLE 140    SCHINDLER GROUP: DEALS    154
TABLE 141    SCHINDLER GROUP: OTHERS    155
12.1.2    OTIS ELEVATOR    156
TABLE 142    OTIS ELEVATOR: BUSINESS OVERVIEW    156
FIGURE 41    OTIS ELEVATOR: COMPANY SNAPSHOT    157
TABLE 143    OTIS ELEVATOR: PRODUCT OFFERED    157
TABLE 144    OTIS ELEVATOR: DEALS    158
12.1.3    THYSSENKRUPP AG    159
TABLE 145    THYSSENKRUPP AG: BUSINESS OVERVIEW    159
FIGURE 42    THYSSENKRUPP AG: COMPANY SNAPSHOT    160
TABLE 146    THYSSENKRUPP AG: PRODUCT OFFERED    161
TABLE 147    THYSSENKRUPP AG: DEALS    161
12.1.4    KONE CORPORATION    163
TABLE 148    KONE CORPORATION: BUSINESS OVERVIEW    163
FIGURE 43    KONE CORPORATION: COMPANY SNAPSHOT    164
TABLE 149    KONE CORPORATION: PRODUCT OFFERED    164
TABLE 150    KONE CORPORATION: OTHERS    165
12.1.5    HITACHI LTD.    167
TABLE 151    HITACHI LTD.: BUSINESS OVERVIEW    167
FIGURE 44    HITACHI LTD.: COMPANY SNAPSHOT    167
TABLE 152    HITACHI LTD.: PRODUCT OFFERED    168
TABLE 153    HITACHI LTD.: DEALS    168
12.1.6    HYUNDAI ELEVATOR    170
TABLE 154    HYUNDAI ELEVATOR: BUSINESS OVERVIEW    170
FIGURE 45    HYUNDAI ELEVATOR: COMPANY SNAPSHOT    170
TABLE 155    HYUNDAI ELEVATOR: PRODUCT OFFERED    171
TABLE 156    HYUNDAI ELEVATOR: OTHERS    171

12.1.7    FUJITEC CO., LTD.    172
TABLE 157    FUJITEC CO., LTD.: BUSINESS OVERVIEW    172
FIGURE 46    FUJITEC CO., LTD.: COMPANY SNAPSHOT    173
TABLE 158    FUJITEC CO., LTD.: PRODUCT OFFERED    173
12.1.8    TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION    174
TABLE 159    TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
BUSINESS OVERVIEW    174
FIGURE 47    TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
COMPANY SNAPSHOT    175
TABLE 160    TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
PRODUCT OFFERED    175
12.1.9    MITSUBISHI ELECTRIC CORPORATION    177
TABLE 161    MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW    177
FIGURE 48    MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT    178
TABLE 162    MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERED    178
TABLE 163    MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES    179
12.2    OTHER KEY PLAYERS    181
12.2.1    KLEEMANN    181
TABLE 164    KLEEMANN: COMPANY OVERVIEW    181
12.2.2    SIGMA ELEVATOR COMPANY    182
TABLE 165    SIGMA ELEVATOR COMPANY: COMPANY OVERVIEW    182
12.2.3    ELECTRA ELEVATORS    183
TABLE 166    ELECTRA ELEVATORS: COMPANY OVERVIEW    183
12.2.4    ESCON ELEVATORS    183
TABLE 167    ESCON ELEVATORS: COMPANY OVERVIEW    183
12.2.5    SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.    184
TABLE 168    SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD:
COMPANY OVERVIEW    184
12.2.6    ORONA    184
TABLE 169    ORONA: COMPANY OVERVIEW    184
12.2.7    EITA ELEVATOR    185
TABLE 170    EITA ELEVATOR: COMPANY OVERVIEW    185
12.2.8    GLARIE ELEVATOR GROUP    185
TABLE 171    GLARIE ELEVATOR GROUP: COMPANY OVERVIEW    185
12.2.9    AARON INDUSTRIES LTD.    186
TABLE 172    AARON INDUSTRIES LTD.: COMPANY OVERVIEW    186
12.2.10    LEO ELEVATORS    186
TABLE 173    LEO ELEVATORS: COMPANY OVERVIEW    186
12.2.11    TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED    187
TABLE 174    TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW    187

12.2.12    STANNAH GROUP    188
TABLE 175    STANNAH GROUP: COMPANY OVERVIEW    188
12.2.13    CIBES LIFT GROUP AB    189
TABLE 176    CIBES LIFT GROUP AB: COMPANY OVERVIEW    189
12.2.14    WALTON GROUP    189
TABLE 177    WALTON GROUP: COMPANY OVERVIEW    189
12.2.15    EXPEDITE TECHNOLOGIES    190
TABLE 178    EXPEDITE TECHNOLOGIES: COMPANY OVERVIEW    190
*Details on Business Overview, Products and solutions, Recent Developments, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
13    APPENDIX    191
13.1    DISCUSSION GUIDE    191
13.2    KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL    195
13.3    AVAILABLE CUSTOMIZATIONS    197
13.4    RELATED REPORTS    197
13.5    AUTHOR DETAILS    198"