Elevators Market By Type (Smart Elevators and Conventional Elevators), By Machinery Type (Traction and Hydraulic), By End-User (Residential, Industrial, Commercial, and Government Institutional) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global elevators market expected to reach approximately USD 161.27 billion by 2024, growing at a CAGR of around 6.96% between 2018 and 2024. Elevators are an essential platform which helps in lifting equipment. Modern elevators are made for various purposes such as heavy lifting in ships, dams, etc.

27-Aug-2018 | Number of pages: 110 | Report Code: ZMR-3296 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the elevators market on a global and regional level. The study provides historical data along with a forecast from 2018 to 2024 based on revenue (USD Billion) and volume (Units). The study includes drivers and restraints for the elevators market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to elevators market on a global level.

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the elevators market has also been included. The study encompasses a market attractiveness analysis, wherein type, machinery type, and end-user segments are benchmarked based on the market size, growth rate, and general attractiveness.

Global Elevators Market

The study provides a decisive view of the elevators market by segmenting the market based on type, machinery type, end users, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. Based on the type, the global elevators market is segmented into smart elevators and conventional elevators. Based on machinery type, the elevators market is segmented into traction and hydraulic. Based on the end user, the elevators market is further segmented into residential, industrial, commercial, and government institutional. 

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

The report also includes detailed profiles including company overview, key developments, business strategies, financial overview, etc. of key players operating in the global elevators market such as Otis, ThyssenKrupp AG, KONE Corporation, Schindler Holding Ltd., Fujitec Co. Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Kleemann Hellas SA, Hitachi Ltd., and Hyundai Elevator Co. Ltd.

This report segments the global elevators market as follows:

Global Elevators Market: Type Segment Analysis

  • Smart Elevators 
  • Conventional Elevators 

Global Elevators Market: Machinery Type Segment Analysis

  • Traction 
  • Hydraulic 

Global Elevators Market: End-User Segment Analysis

  • Residential
  • Industrial
  • Commercial 
  • Government Institutional 

Global Elevators Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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