Global Elevator & Escalator Market: Industry Analysis & Outlook ( )
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1 Industry Research by Koncept Analytics Global Elevator & Escalator Market: Industry Analysis & Outlook ( ) July
2 Executive Summary Elevator is a type of vertical transport equipment that efficiently moves people or goods between floors or levels of a building, vessel or any other structure. There are basically three types of elevators; Pneumatic elevators, counterweight elevator and hydraulic elevators. Another type of booming market specialty is smart elevator. It is an advanced system that allow automated vertical transportation of goods or passengers. Smart elevators are designed to transform the simple act of traveling between floors. Escalator is a moving staircase or a conveyor transport device for carrying people between floors of a building. The device consists of a motor driven chain of individual linked steps that move up or down on tracks, allowing the step treads to remain horizontal. The global E&E market comprises three main segments namely new equipment, modernization and maintenance. The factors such as growing urbanization, increased old-age population, ageing E&E installed base and codes & regulations are expected to drive market growth. However, the growth of respective industry is challenged by high price of E&E equipment, lack of skilled workforce and safety issues. The few notable trends are growing elevator density, digitization and energy conservation. The report provides a comprehensive study of global elevator and escalator market and also major regional markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. The global elevator and escalator industry is highly competitive consisting of several large enterprises including the United Technologies Corporation, Kone Corporation, Thyssenkrupp and Schindler Holdings Ltd. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail. 2
3 Factors such as surge in infrastructure projects undertaken by governments and private players, continuous rise in equipment modernization efforts and rising E&E installed base in developing countries will drive the market for the next few years. Global E&E Market by Value ( ) In 2016, the global Elevator and Escalator (E&E) market was recorded at US$... billion, compared to US$... billion in 2015, thereby depicting an annual rise of %. The global E&E market is predicted to reach US$... billion by the end of 2021, registering a CAGR of %, spanning from 2017 to In 2016, with % share, Asia-Pacific continued to remain as the topmost revenue generating region for the market, followed by EMEA and Americas with % and % revenue contribution respectively Global E&E Market Forecast by Value ( ) Global E&E Market Value by Region (2016) Asia-Pacific EMEA Americas Others 3
4 Ageing of existing elevators fleet provides a huge scope for market growth for global players. As the E&E equipment gets older, a number of maintenance services are needed to be increased for safety reasons and after a certain time period they are required to be replaced. Asia-Pacific E&E Market Forecast by Value ( ) In 2016, the Asia-Pacific E&E market was recorded at US$... billion and is further forecasted to reach US$... billion by the end of year 2021, registering a CAGR of % spanning from 2016 to The revenue for EMEA E&E market reached US$... billion and is predicted to reach US$... billion by the end 2021, growing at a CAGR of %, spanning from 2016 to In 2016, the Americas E&E market was recorded at US$... billion and is expected to reach US$... billion by the end of 2021, growing at a CAGR of %, spanning from 2016 to EMEA E&E Market Forecast by Value ( ) Americas E&E Market Forecast by Value ( )
5 Contact Us: Disclaimer This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P T: M: vikas@konceptanalytics.com 5
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