Global Elevator and Escalator Market (2020 to 2024) - Size & Forecasts with Impact Analysis of COVID-19 - ResearchAndMarkets.com

Whereas, an escalator is a moving staircase that carries passengers up and down between the floors of a building.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, July 6, 2020
Information
Tags: 
Other Manufacturing, Manufacturing, Transport, Infrastructure, Stairways, Freight transport, Material-handling equipment, Escalator, Elevator, Stairs, Conveyor belt, Conveyor system
⚠generated by AI ↴
Summary
Key Points: 
  • Whereas, an escalator is a moving staircase that carries passengers up and down between the floors of a building.
  • Escalators consist of a conveyor belt of individually linked steps on a track, which keeps each step horizontal for the passengers.
  • The elevator and escalator market can be segmented on the basis of type, service, technology, and end-user.
  • The global elevator and escalator market has increased significantly during the years 2017-2019 and projections are made that the market would rise in the next four years i.e.


The "Global Elevator and Escalator Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

This report provides an in-depth analysis of the global elevator and escalator market by value, by installed base, by type, by service, by technology, by age range, by region, etc. The report provides a regional analysis of the elevator and escalator market, including the following regions: Asia Pacific, Europe, Middle East & Africa (EMEA), North America, and South America. The report also provides a detailed analysis of the COVID-19 impact on the construction industry, and elevator and escalator business.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global elevator and escalator market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Company Coverage

  • Kone Corporation
  • Schindler Holding Ltd.
  • ThyssenKrupp AG
  • Mitsubishi Electric Corporation

An elevator, also referred to as a lift, is a closed cabin that moves up or down to transport passengers or freight between different floors of a multi-storey building. Whereas, an escalator is a moving staircase that carries passengers up and down between the floors of a building. Escalators consist of a conveyor belt of individually linked steps on a track, which keeps each step horizontal for the passengers.

Escalators can be used in places where the installation of elevators would be impractical. The principal areas where elevators and escalators can be used include shopping malls, railway and metro stations, hotels, airports, public buildings, high-rise apartments, etc.

The elevator and escalator's life cycle comprises four stages. The cycle starts with stage 1, where the installation of new elevators and escalators takes place. Stage 2 comprises the maintenance & repair of elevators and escalators. Stage 3 is related to modernization activities. Finally, stage 4 requires the full replacement of the elevators and escalators.

Elevators and escalators have a long history with the continuous development of new and innovative solutions. The elevator and escalator market can be segmented on the basis of type, service, technology, and end-user.

The global elevator and escalator market has increased significantly during the years 2017-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The elevator and escalator market is expected to increase due to rapid urbanization, growing construction activities, rising infrastructure investments, increasing spending of the middle-class population, surging geriatric population, escalating investments in smart cities, etc. Yet the market faces some challenges such as economic slowdown, high cost involved, safety issues, etc.

Key Topics Covered:

1. Executive Summary

2. Introduction

2.1 Elevator and Escalator: An Overview

2.2 Elevator and Escalator Segmentation: An Overview

2.3 Elevator and Escalator Installed Base Segmentation: An Overview

3. Global Market Analysis

3.1 Global Elevator and Escalator Market: An Analysis

3.2 Global Elevator and Escalator Market: Type Analysis

3.3 Global Elevator and Escalator Market: Service Analysis

3.4 Global Elevator and Escalator Market: Technology Analysis

4. Regional Market Analysis

4.1 Asia Pacific Elevator and Escalator Market: An Analysis

4.2 Europe, Middle East & Africa (EMEA) Elevator and Escalator Market: An Analysis

4.3 North America Elevator and Escalator Market: An Analysis

4.4 South America Elevator and Escalator Market: An Analysis

5. Impact of COVID-19

6. Market Dynamics

6.1 Growth Driver

6.1.1 Rapid Urbanization

6.1.2 Growing Construction Activities

6.1.3 Rising Infrastructure Investments

6.1.4 Increasing Spending of Middle Class Population

6.1.5 Surging Geriatric Population

6.1.6 Escalating Investments in Smart Cities

6.2 Challenges

6.2.1 Economic Slowdown

6.2.2 High Cost Involved

6.2.3 Safety Issues

6.3 Market Trends

6.3.1 Growing Trend of Smart Elevators

6.3.2 Growing Use of Energy-Efficient Elevators

6.3.3 Emergence of IoT-enabled Elevator and Escalator System

6.3.4 Increasing Trend of Modernization of Existing and Aging Elevators and Escalators

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/rskrz0

Copyright: 
Copyright Business Wire 2020