Latest research report on “Elevator Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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An Elevator, also called Lift in British English, is a type of transport equipment that efficiently carries passengers or freight between the levels of multistory building. Most modern elevators are propelled by electric motors, with the aid of a counterweight, through a system of cables and sheaves (pulleys). By opening the way to higher buildings, the elevator played a decisive role in creating the characteristic urban geography of many modern cities, especially in the United States, and promises to fill an indispensable role in future city development.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travellator, is a slow moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This report contains market size and forecasts of Elevator in global, including the following market information:
Global Elevator Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Elevator Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Elevator companies in 2021 (%)
The global Elevator market was valued at 40660 million in 2021 and is projected to reach US$ 44930 million by 2028, at a CAGR of 1.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Elevator Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Elevator include Kone, Hitachi, Mitsubishi Electric, Otis Elevator Company, Schindler, ThyssenKrupp, XIOLIFT, Volkslift Schindler and Canny Elevator, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Elevator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Elevator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Type, 2021 (%)
– Moving Walkway
Global Elevator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, by Application, 2021 (%)
– Residential Area
– Commercial Office
– Transportation Hub
– Industrial Area
Global Elevator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Elevator Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Elevator revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Elevator revenues share in global market, 2021 (%)
Key companies Elevator sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Elevator sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Mitsubishi Electric
– Otis Elevator Company
– Volkslift Schindler
– Canny Elevator
– Yungtay Engineering
– Guangri Elevator
– Edunburgh Elevator
– Hyundai Elevator
– Suzhou Diao Elevator
– Sicher Elevator
– Hangzhou XiOlift
– Meilun Elevator
– Dongnan Elevator
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