Learn about the global elevator and escalator market through The Business Research Company, which provides information on elevator and escalator market size, elevator and escalator market drivers and restraints, elevator and escalator market players, the COVID-19 impact on the elevator and escalator market, and more.

The global elevator and escalator market is expected to grow from $92.50 billion in 2021 to $101.31 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global elevator and escalator market size is expected to grow to $135.57 billion in 2026 at a CAGR of 7.6%.

The increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward.

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The elevator and escalator market consists of the sales of elevators and escalators by entities (organizations, partnerships, and sole proprietors) that are used to move passengers up and down across various levels of a building. An elevator refers to a room-type machine that can accommodate some people at a time, depending on its capacity. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight.

Global Elevator And Escalator Market Segments Include:

By Product: Elevators, Escalators, Moving Walkway

By Business: New Equipment, Maintenance, Modernization

By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic

By End User: Residential, Commercial, Institutional, Infrastructure, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global elevator and escalator market in 2021.

Product innovations are a key trend gaining popularity in the elevator and escalator market. Major companies operating in the elevator and escalator sector are focused on developing ground-breaking digitally connected technology to sustain their position in the market.

TBRC’s Elevator And Escalator Market Report Covers:

Major Market Players: Kone Corporation, Hitachi Ltd., Schindler Holding Ltd., Thyssenkrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Yuanda China Hldgs, Meilun Elevator, IFE Elevators, Joylive Elevator, Dongnan Elevator, Guangri Elevator, Canny Elevator, Volkslift, and Syney Elevator.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Elevator And Escalator Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides elevator and escalator market overviews, analyzes and forecasts market size, share, elevator and escalator market players, elevator and escalator market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s elevator and escalator market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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