A comprehensive analysis report on the Global Elevator and Escalator Market has been recently released by MarkNtel Advisors, covering the forecast period from 2024 to 2030. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Elevator and Escalator Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Elevator and Escalator Market Overview:

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

Market Growth Rate: 7.8% (2024-2030)

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Elevator and Escalator Market Segmentation Analysis:

According to MarkNtel study the market is segmented the into the following categories:

By Type

• Elevator
  • Traction- Market Size & Forecast 2019-2030, (Thousand Units)
  • Hydraulic- Market Size & Forecast 2019-2030, (Thousand Units)
  • Machine Room Less- Market Size & Forecast 2019-2030, (Thousand Units)
• Escalator
  • Moving Walkway- Market Size & Forecast 2019-2030, (Thousand Units)
  • Moving Stairs- Market Size & Forecast 2019-2030, (Thousand Units)

Between the two, the market share of elevators is much better than that of escalators in 2023.

By Service

• New Installation- Market Size & Forecast 2019-2030, (Thousand Units)
• Modernization- Market Size & Forecast 2019-2030, (USD Million)
• Maintenance- Market Size & Forecast 2019-2030, (USD Million)

By Application

• Residential- Market Size & Forecast 2019-2030, (Thousand Units)
• Commercial- Market Size & Forecast 2019-2030, (Thousand Units)
• Industrial- Market Size & Forecast 2019-2030, (Thousand Units)

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, the Asia-Pacific region has historically acquired a significant market share of the Global Escalator and Elevator Market, with China and India holding prominent market shares.

Elevator and Escalator Market Competitive Landscape:

This section competitive landscape covers the top companies’ participants in the Elevator and Escalator industry, and their business description, product portfolio, strategic alliances or partnerships, recent developments, financial details analysis from 2024-2030.

Leading Market Player Are:

• Fujitec Co. Ltd.
• Hitachi Elevator Engineering Company
• KONE
• Canny Elevator Company Ltd.
• Toshiba Elevator and Building Systems Corporation
• Hyundai Elevator Co., Ltd.
• Mitsubishi Electric Corporation
• ORONA
• Otis Worldwide Corporation
• Schindler Holding Ltd.
• ThyssenKrupp Elevator AG
• SJEC Corp.
• Walton Group
• Sigma Elevators
• Electra Elevators
• Others

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Key Report Highlights  

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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