The Business Research Company’s Elevator And Escalator Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Elevator And Escalator Global Market Report 2023 evaluates elevator and escalator market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global elevator and escalator market is expected to grow from $135,568.4 million in 2026 at a rate of 7.9%. The global elevator and escalator market size is then expected to grow at a CAGR of 7.5% from 2026 and reach $194,671.9 million in 2031.
The rising construction of skyscrapers is expected to drive the elevators and escalators market during the forecast period. Due to rapid urbanization, there is an increase in the construction of tall buildings and skyscrapers. The construction of skyscrapers involves the installation of elevators and escalators for the smooth transit of people in the building, which increases its demand. For example, in May 2022, according to a study on skyscrapers in New York City, by 2025, there will be up to 20 supertall skyscrapers completed or under construction in New York City, and by 2030, they will be close to 30. Therefore, the rising construction of skyscrapers will propel the elevators and escalators market during the forecast period.
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The elevator and escalator market segments in the report are:
1) By Type: Elevators; Escalators; Moving Walkways
2) By Business: New Equipment; Maintenance; Modernization
3) By End User: Residential; Commercial; Institutional; Infrastructure; Other End Users
4) By Elevator Technology: Traction Elevator; Machine Room-Less Traction Elevator; Hydraulic Elevators
The table of contents in TBRC’s elevator and escalator market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Market Trends
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- Opportunities And Strategies
- Elevator And Escalator Market, Conclusions And Recommendations
- Appendix
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