Elevators Market Size, Share & Industry Analysis, By Type (Traction with Machine Room, Machine Room Less Traction, Hydraulic), By Installation (New Installation, Maintenance, Modernization), By Application (Residential, Commercial, Industrial) and Regional Forecast, 2020 -2029 (Includes COVID-19 Business Impact)

                                          
We have updated Elevators Market with respect to COVID-19 Business Impact.
Inquire before buying


This report focuses on the Elevators market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Elevators market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.


Global Elevators Market: Segment Analysis


The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.


Global Elevators Market: Regional Analysis


The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.


Global Elevators Market: Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.
List of Companies Profiled

Schindler is Focusing on the Development of Smart Elevators One of the key players - Schindler is strengthening the connectivity for its customers of digital portfolio. In 2019, Schindler and Telefonica partnered up to provide IoT connectivity for smart elevators and escalators. This digital platform is expected to considerably improve equipment uptime and reliability through real-time data analysis. Furthermore, the interactive personalized services offered by it are further expected to result in the market growth.   Players are Developing Advanced Connected Elevators and are Focusing on Mergers and Acquisition ExpansionKey players such as KONE are focusing on expansion by building new manufacturing facilities to cater to the regional demand. For instance, in November 2019, KONE India Pvt. Ltd. inaugurated its manufacturing plant in India. This plant will focus on the market demand from India as well as the neighboring regions such as Bhutan, Bangladesh, Nepal, and Sri Lanka. As a result of advanced features the digitally connected machines are gaining popularity in the market. For example, KONE DX Class elevator offers easy remote access of digital services (such as KONE Residential Flow), advanced display, sound and lighting options.

List of Key Companies Profiled:

KONE CORPORATION Schindler Mitsubishi Electric Corporationthyssenkrupp AG (Cinven, Advent and RAG foundation)United TechnologiesHitachi, Ltd.HYUNDAIELEVATOR CO., LTDJohnson Elevator Co., Ltd.Fujitec Co., Ltd.Toshiba CorporationKEY INDUSTRY DEVELOPMENTS:February 2020: The consortium led by Cinven, RAG Foundation, and Advent acquired Thyssenkrupps elevator technology business for USD 18.58 billion.November 2019: Mitsubishi Electric launched its MOVE elevator model focusing on faster delivery in low-rise and mid-rise buildings in Europe.

REPORT COVERAGE

The market report provides detailed information regarding various insights of the industry. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the elevators market trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2019 to 2026 to provide financial competency. The information gathered in the report has been taken from several primary and secondary sources.Report Scope and

Segmentation 

Study Period  2015-2026Base Year  2018Forecast Period  2019-2026Historical Period  2015-2017Unit  Value (USD billion)SegmentationBy Type Traction with Machine RoomMachine Room Less TractionHydraulicBy Installation New

InstallationMaintenanceModernizationBy ApplicationResidentialCommercialIndustrialBy RegionNorth America (the U.S. and Canada)Europe (UK, Germany, France, Rest of Europe)Asia Pacific (China, Japan, India, and the Rest of Asia Pacific)Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)Latin America (Brazil, Mexico, and the Rest of Latin America)