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Elevators Market - Global Industry Analysis

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

Published Date: 27-Aug-2018 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-3296 Status : Published

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.

Description

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

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Elevators Market, 2015 - 2024 (USD Billion)
    • 2.2. Global Elevators Market, 2015 - 2024 (Units)
    • 2.3. Global Elevators Market : Snapshot
  •  
  • Chapter 3. Elevators - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Elevators Market Drivers: Impact Analysis
      • 3.2.2. Increasing Demand for Energy-Efficient Systems
      • 3.2.3. Rapid Urbanization
    • 3.3. Market Restraints
      • 3.3.1. Global Elevators Market Restraints: Impact Analysis
      • 3.3.2. Global Economic Slowdown
    • 3.4. Opportunities
      • 3.4.1. Industrial Inclination Toward Green Technologies
      • 3.4.2. Increasing Investment by the Market players
    • 3.5. Porter's Five Forces Analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis, by Type Segment
      • 3.6.2. Market Attractiveness Analysis, by Machinery type Segment
      • 3.6.3. Market Attractiveness Analysis, by End User Segment
      • 3.6.4. Market Attractiveness Analysis, by Regional Segment
  •  
  • Chapter 4. Global Elevators Market - Competitive Landscape
    • 4.1. Company Market Share, 2017 (Subject To Data Availability)
      • 4.1.1. Global Elevators Market: Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Product Portfolio
  •  
  • Chapter 5. Global Elevators Market - Type Analysis
    • 5.1. Global Elevators Market: Type Overview
      • 5.1.1. Global Elevators Market Revenue Share, by Type, 2017 - 2024
      • 5.1.2. Global Elevators Market Volume Share, by Type, 2017 - 2024
    • 5.2. Smart Elevators
      • 5.2.1. Global Elevators Market for Smart Elevators, 2015 - 2024 (USD Billion)
      • 5.2.2. Global Elevators Market for Smart Elevators, 2015 - 2024 (Units)
    • 5.3. Conventional Elevators
      • 5.3.1. Global Elevators Market for Conventional Elevators, 2015 - 2024 (USD Billion)
      • 5.3.2. Global Elevators Market for Conventional Elevators, 2015 - 2024 (Units)
  •  
  • Chapter 6. Global Elevators Market - Machinery type Analysis
    • 6.1. Global Elevators Market: Machinery type Overview
      • 6.1.1. Global Elevators Market Revenue Share, by Machinery type, 2017 - 2024
      • 6.1.2. Global Elevators Market Volume Share, by Machinery type, 2017 - 2024
    • 6.2. Traction
      • 6.2.1. Global Elevators Market for Traction, 2015 - 2024 (USD Billion)
      • 6.2.2. Global Elevators Market for Traction, 2015 - 2024 (Units)
    • 6.3. Hydraulic
      • 6.3.1. Global Elevators Market for Hydraulic, 2015 - 2024 (USD Billion)
      • 6.3.2. Global Elevators Market for Hydraulic, 2015 - 2024 (Units)
  •  
  • Chapter 7. Global Elevators Market - End User Analysis
    • 7.1. Global Elevators Market: End User Overview
      • 7.1.1. Global Elevators Market Revenue Share, by End User, 2017 - 2024
      • 7.1.2. Global Elevators Market Volume Share, by End User, 2017 - 2024
    • 7.2. Residential
      • 7.2.1. Global Elevators Market for Residential, 2015 - 2024 (USD Billion)
      • 7.2.2. Global Elevators Market for Residential, 2015 - 2024 (Units)
    • 7.3. Industrial
      • 7.3.1. Global Elevators Market for Industrial, 2015 - 2024 (USD Billion)
      • 7.3.2. Global Elevators Market for Industrial, 2015 - 2024 (Units)
    • 7.4. Commercial
      • 7.4.1. Global Elevators Market for Commercial, 2015 - 2024 (USD Billion)
      • 7.4.2. Global Elevators Market for Commercial, 2015 - 2024 (Units)
    • 7.5. Government Institutional
      • 7.5.1. Global Elevators Market for Government Institutional, 2015 - 2024 (USD Billion)
      • 7.5.2. Global Elevators Market for Government Institutional, 2015 - 2024 (Units)
  •  
  • Chapter 8. Global Elevators Market - Regional Segment Analysis
    • 8.1. Global Elevators Market: Regional Overview
      • 8.1.1. Global Elevators Market Revenue Share, by Region, 2017 - 2024
      • 8.1.2. Global Elevators Market Volume Share, by Region, 2017 - 2024
    • 8.2. North America
      • 8.2.1. North America Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 8.2.2. North America Elevators Market Revenue, by Type, 2015 - 2024 (Units)
      • 8.2.3. North America Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
      • 8.2.4. North America Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
      • 8.2.5. North America Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 8.2.6. North America Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.2.7. U.S.
        • 8.2.7.1. U.S. Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.2.7.2. U.S. Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.2.7.3. U.S. Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.2.7.4. U.S. Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.2.7.5. U.S. Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.2.7.6. U.S. Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.2.8. Rest of North America
        • 8.2.8.1. Rest of North America Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.2.8.2. Rest of North America Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.2.8.3. Rest of North America Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.2.8.4. Rest of North America Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.2.8.5. Rest of North America Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.2.8.6. Rest of North America Elevators Market Revenue, by End User, 2015 - 2024 (Units)
    • 8.3. Europe
      • 8.3.1. Europe Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 8.3.2. Europe Elevators Market Revenue, by Type, 2015 - 2024 (Units)
      • 8.3.3. Europe Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
      • 8.3.4. Europe Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
      • 8.3.5. Europe Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 8.3.6. Europe Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.3.7. UK
        • 8.3.7.1. UK Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.3.7.2. UK Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.3.7.3. UK Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.3.7.4. UK Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.3.7.5. UK Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.3.7.6. UK Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.3.8. France
        • 8.3.8.1. France Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.3.8.2. France Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.3.8.3. France Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.3.8.4. France Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.3.8.5. France Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.3.8.6. France Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.3.9. Germany
        • 8.3.9.1. Germany Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.3.9.2. Germany Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.3.9.3. Germany Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.3.9.4. Germany Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.3.9.5. Germany Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.3.9.6. Germany Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.3.10. Rest of Europe
        • 8.3.10.1. Rest of Europe Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.3.10.2. Rest of Europe Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.3.10.3. Rest of Europe Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.3.10.4. Rest of Europe Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.3.10.5. Rest of Europe Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.3.10.6. Rest of Europe Elevators Market Revenue, by End User, 2015 - 2024 (Units)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 8.4.2. Asia Pacific Elevators Market Revenue, by Type, 2015 - 2024 (Units)
      • 8.4.3. Asia Pacific Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
      • 8.4.4. Asia Pacific Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
      • 8.4.5. Asia Pacific Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 8.4.6. Asia Pacific Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.4.7. China
        • 8.4.7.1. China Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.4.7.2. China Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.4.7.3. China Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.4.7.4. China Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.4.7.5. China Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.4.7.6. China Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.4.8. Japan
        • 8.4.8.1. Japan Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.4.8.2. Japan Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.4.8.3. Japan Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.4.8.4. Japan Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.4.8.5. Japan Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.4.8.6. Japan Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.4.9. India
        • 8.4.9.1. India Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.4.9.2. India Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.4.9.3. India Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.4.9.4. India Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.4.9.5. India Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.4.9.6. India Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.4.10.2. Rest of Asia Pacific Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.4.10.3. Rest of Asia Pacific Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.4.10.4. Rest of Asia Pacific Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.4.10.5. Rest of Asia Pacific Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.4.10.6. Rest of Asia Pacific Elevators Market Revenue, by End User, 2015 - 2024 (Units)
    • 8.5. Latin America
      • 8.5.1. Latin America Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 8.5.2. Latin America Elevators Market Revenue, by Type, 2015 - 2024 (Units)
      • 8.5.3. Latin America Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
      • 8.5.4. Latin America Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
      • 8.5.5. Latin America Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 8.5.6. Latin America Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.5.7. Brazil
        • 8.5.7.1. Brazil Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.5.7.2. Brazil Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.5.7.3. Brazil Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.5.7.4. Brazil Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.5.7.5. Brazil Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.5.7.6. Brazil Elevators Market Revenue, by End User, 2015 - 2024 (Units)
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 8.5.8.2. Rest of Latin America Elevators Market Revenue, by Type, 2015 - 2024 (Units)
        • 8.5.8.3. Rest of Latin America Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
        • 8.5.8.4. Rest of Latin America Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
        • 8.5.8.5. Rest of Latin America Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
        • 8.5.8.6. Rest of Latin America Elevators Market Revenue, by End User, 2015 - 2024 (Units)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa Elevators Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 8.6.2. Middle East and Africa Elevators Market Revenue, by Type, 2015 - 2024 (Units)
      • 8.6.3. Middle East and Africa Elevators Market Revenue, by Machinery type, 2015 - 2024 (USD Billion)
      • 8.6.4. Middle East and Africa Elevators Market Revenue, by Machinery type, 2015 - 2024 (Units)
      • 8.6.5. Middle East and Africa Elevators Market Revenue, by End User, 2015 - 2024 (USD Billion)
      • 8.6.6. Middle East and Africa Elevators Market Revenue, by End User, 2015 - 2024 (Units)
  •  
  • Chapter 9. Global Elevators Market - Company Profile
    • 9.1. Otis
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Type portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. ThyssenKrupp AG
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Type portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. KONE Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Type portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Schindler Holding Ltd.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Type portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Fujitec Co. Ltd.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Type portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Toshiba Corporation
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Type portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Mitsubishi Electric Corporation
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Type portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Kleemann Hellas SA
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Type portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Hitachi Ltd.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Type portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Hyundai Elevator Co.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Type portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

An elevator is used for lifting people to upper floors within a building. They are a standard part of the commercial or residential buildings. It is a type of vertical transportation which moves people and goods among floors of the building. The residential elevators are low-speed elevators which are considered for lifting luxury item in a home. Residential elevators are expensive to install as it requires to be built within the home. The key factor responsible for the market growth is that it saves time and is energy efficient. In old age, people find it difficult to climb stairs thus elevators are a good option for them. The ultra-modern elevators are mostly made for commercial buildings which can travel at a high speed.     This is projected to boost the elevators market growth over the forecast period.

The global elevators market will witness a substantial growth in the coming years. The global elevators market is segmented on the basis of type, machinery type, and end user. Based on the product category, the elevators market is classified as smart elevators and conventional elevators. Smart elevators reduce waiting time. Based on the machinery type, the global elevators market is categorized into traction and hydraulic. By end user, elevators market is segmented into residential, industrial, commercial, and government institutional. The market growth is mainly driven by increasing demand for energy efficient systems across the world. Therefore, the elevators market may gain more value share in the coming years. 

Global Elevators Market

By geography, the elevators market finds its market scope in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America region is expected to be the fastest growing region owing to the facts such as a high rise in buildings in metropolitan areas which fuels the growth of the global elevators market. The Asia Pacific holds the prominent market share due to the growing building and construction sector. The rapid development of infrastructure and commercial buildings in emerging economies such as China and India increases the elevators adoption in these regions in the coming years.

Increasing the level of safety to meet the quality standards has become the main concern for the elevators manufacturers. The report includes detailed profiles of key players operating in the global elevators market such as Hitachi Ltd., KONE Corporation, Otis, Schindler Holding Ltd., Fujitec Co. Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Kleemann Hellas SA, ThyssenKrupp AG, and Hyundai Elevator Co. Ltd. The in-depth description of the company includes parameters such as company key developments, overview, business strategy, and financial overview of the company. 

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