エレベーター・エスカレーター市場規模、シェア、動向、2031年までの世界予測

エレベーター・エスカレーター市場は、2026年の997億7,000万米ドルから2031年には1,148億8,000万米ドルへと成長し、予測期間中の年平均成長率（CAGR）は2.9%に達するとMarketsandMarketsでは予測しています。この市場は、急速に増加している物流センターへの需要の高まりによって拡大すると見込まれています。これらのセンター内では貨物用エレベーターへの需要も大きく、市場の成長を後押ししています。さらに、都市化の進展と消費者のライフスタイルの変化に伴い、ショッピングモール、病院、スーパーマーケット、複合施設などが、エレベーター・エスカレーター設置の重要な機会となるでしょう。

調査概要

本調査レポートは、エレベーター・エスカレーター市場を、タイプ（エレベーター、エスカレーター、動く歩道）、エレベーター技術（トラクション式エレベーター、機械室レス式トラクションエレベーター、油圧式エレベーター）、サービス（新規設置、保守・修理、近代化）、エンドユーザー産業（住宅、商業施設、公共施設、インフラ、その他）、地域（アジア太平洋、北米、欧州、南米、中東・アフリカ）に基づいて分類しています。レポートの範囲は、エレベーター・エスカレーター市場の成長に影響を与える推進要因、阻害要因、課題、機会に関する詳細な情報を含んでいます。主要企業について詳細な分析を行い、事業概要、提供製品、製品発売、契約、提携、パートナーシップ、買収、契約、事業拡大といったエレベーター・エスカレーター市場に関連する主要戦略に関する洞察を提供しています。本レポートは、エレベーター・エスカレーター市場のエコシステムにおける新興企業の競合分析も網羅しています。

本レポートを購入する理由

本レポートは、エレベーター・エスカレーター市場全体およびそのサブセグメントにおける収益予測値に関する、市場リーダーおよび新規参入企業向けの情報を提供します。関係者は、本レポートを通じて競争環境を理解し、事業のポジショニングをより効果的に行うための洞察を深め、適切な市場参入戦略を策定することができます。また、市場を理解する上で役立つ情報を提供し、主要な推進要因、阻害要因、課題、そして機会に関する情報を提供します。

本レポートは、以下の点について洞察を提供します。

• 主要な推進要因（建物のエネルギー効率への注目の高まり）、阻害要因（高いメンテナンスコスト）、機会（技術進歩とイノベーション）、課題（規格および規制への準拠）の分析
• 製品開発／イノベーション：エレベーター・エスカレーター市場における今後の技術、研究開発活動、製品およびサービスの発売に関する詳細な洞察
• 市場開発：収益性の高い市場に関する包括的な情報 ― 本レポートは、様々な地域におけるエレベーターおよびエスカレーター市場を分析します
• 市場の多様化：エレベーター・エスカレーター市場における新製品およびサービス、未開拓地域、最近の動向、投資に関する包括的な情報
• 競合評価：シンドラー（スイス）、オーチス・ワールドワイド・コーポレーション（米国）、コネ・コーポレーション（フィンランド）、日立製作所（日本）、TKエレベーター（ドイツ）、ヒュンダイエレベーターなどの主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価Co. Ltd.（韓国）、三菱電機株式会社（日本）など。

Report Description

The elevators and escalators market is projected to grow from USD 99.77 billion in 2026 to USD 114.88 billion by 2031, at a CAGR of 2.9% during the forecast period. The market is set to expand due to increasing demand for logistics centers, which are rapidly increasing in number. There is also a significant demand for freight elevators within these centers, contributing to their growth. Additionally, as urbanization advances and consumers’ lifestyles evolve, shopping malls, hospitals, supermarkets, and mixed-use developments will become key areas for elevator and escalator installation opportunities.

https://mnmimg.marketsandmarkets.com/Images/elevator-escalator-market-img-overview1.webp

“The elevators segment is projected to exhibit the highest CAGR from 2026 to 2031.”

The elevators segment is projected to exhibit the highest CAGR during the forecast period due to the growing construction of high-rise residential, commercial, and mixed-use buildings worldwide. The demand for advanced elevator systems is increasing due to limited land space and growing urban populations. In today’s buildings, elevators are a necessity, ensuring safe, efficient, and convenient transportation between floors. The growing investments in smart cities, infrastructure projects, hospitals, hotels, and office spaces are further driving elevator installations across different end-use sectors.

“The traction elevators segment is projected to capture the largest market share in 2031.”

The traction elevators segment is expected to capture the highest market share in 2031, as they offer improved performance and energy efficiency and are suitable for medium- and high-rise buildings. Unlike hydraulic elevators, traction elevators use ropes and counterweights, which allow for smoother operation and greater energy efficiency. The number of skyscrapers, commercial towers, residential complexes, and mixed-use buildings is constantly growing, and so is the demand for traction elevator systems.

“The modernization segment is projected to exhibit the highest CAGR from 2026 to 2031.”

The modernization segment is projected to exhibit the highest CAGR during the forecast period because numerous systems have been operating for decades and must be upgraded to meet current safety, access, and energy-efficiency codes and standards. To upgrade systems to ensure reliability, minimize downtime, and maximize equipment life without replacing systems, building owners are increasingly investing in modernization. Modernization of control systems, drives, safety systems, and digital monitoring equipment can help improve performance.

“The residential segment is projected to capture the largest market share in 2031.”

The residential segment will capture the largest market share in 2031, driven by increasing housing demand in developed and emerging countries and rapid urbanization. Growing urbanization is stimulating the development of high-rise residential buildings, condominiums, and apartment complexes. There are numerous smart-city and affordable-housing projects underway in various countries that offer ample opportunities for elevator installations.

“The North American elevators and escalators market is projected to grow at the highest CAGR during the forecast period.”

The North American elevators and escalators market is expected to have the highest CAGR over the forecast period, as the region is witnessing a surge in investment in the modernization of elevators and escalators across commercial construction and smart building technologies. The area is home to a considerable number of obsolete lifts that need to be replaced and modernized to meet new safety and energy-efficient requirements. The adoption of smart elevators, Internet of Things (IoT) technologies, predictive maintenance tools, and energy-efficient technologies is accelerating in the US and Canada.

• By Company Type: Sales/Exports/Marketing – 62%, Production – 26%, and R&D – 12%
• By Designation: Managers – 55%, CXOs – 15%, and Executives – 30%
• By Region: North America – 18%, Europe – 14%, Asia Pacific – 42%, South America – 4%, and Middle East & Africa – 22%

Companies Covered: Schindler (Switzerland), Otis Worldwide Corporation (US), KONE Corporation (Finland), Hitachi Ltd. (Japan), TK Elevator (Germany), Hyundai Elevator Co. Ltd. (South Korea), and Mitsubishi Electric Corporation (Japan), among other companies, are covered in the report.

The study includes an in-depth competitive analysis of these key players in the elevators and escalators market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the elevators and escalators market based on type (elevators, escalators, and moving walkways), elevator technology (traction elevators, machine-room-less traction elevators, and hydraulic elevators), service (new installation, maintenance & repair, and modernization), end-use industry (residential, commercial, institutional, infrastructure, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa). The report’s scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the elevators and escalators market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products offered, and key strategies, such as product launches, agreements, collaborations, partnerships, acquisitions, contracts, and expansions, associated with the elevators and escalators market. This report covers a competitive analysis of upcoming startups in the elevators and escalators market ecosystem.

Reasons to Buy the Report

The report will provide market leaders/new entrants with information on the closest approximations of revenue numbers for the overall elevators and escalators market and its subsegments. This report will help stakeholders understand the competitive landscape, gain deeper insights into how to better position their businesses, and plan suitable go-to-market strategies. The report will help stakeholders understand the market and provide information on key drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

Analysis of key drivers (Increasing focus on energy efficiency in buildings), restraints (High maintenance cost), opportunities (Technological advancements and innovation), and challenges (Compliance with standards and regulations)

• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the elevators and escalators market
• Market Development: Comprehensive information about profitable markets–the report analyzes the elevators and escalators market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the elevators and escalators market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Schindler (Switzerland), Otis Worldwide Corporation (US), KONE Corporation (Finland), Hitachi Ltd. (Japan), TK Elevator (Germany), Hyundai Elevator Co. Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), and others.

Table of Contents

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 32
1.3.2 INCLUSIONS AND EXCLUSIONS 32
1.3.3 YEARS CONSIDERED 33
1.3.4 CURRENCY CONSIDERED 33
1.3.5 UNIT CONSIDERED 33
1.4 STAKEHOLDERS 34
1.5 SUMMARY OF CHANGES 34
2 EXECUTIVE SUMMARY 35
2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 35
2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS 36
2.3 DISRUPTIVE TRENDS SHAPING ELEVATORS AND ESCALATORS MARKET 37
2.4 HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS 38
2.5 SNAPSHOT: GLOBAL MARKET SIZE AND FORECAST 39
3 PREMIUM INSIGHTS 40
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELEVATORS AND ESCALATORS MARKET 40
3.2 ELEVATORS AND ESCALATORS MARKET, BY MATERIAL AND REGION 41
3.3 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 41
3.4 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 42
3.5 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 42
3.6 ELEVATORS AND ESCALATORS MARKET, BY COUNTRY 43
4 MARKET OVERVIEW 44
4.1 INTRODUCTION 44
4.2 MARKET DYNAMICS 45
4.2.1 DRIVERS 45
4.2.1.1 Increasing focus on energy efficiency in buildings 45
4.2.1.2 Healthcare infrastructure expansion and aging demographics 46
4.2.1.3 Increasing investments in smart cities and infrastructure development 48
4.2.2 RESTRAINTS 49
4.2.2.1 High maintenance cost 49
4.2.2.2 Uncertainty and risk regarding global economy 49

4.2.3 OPPORTUNITIES 50
4.2.3.1 Technological advancements and innovation 50
4.2.3.2 Adoption of green building codes and energy-efficient products 51
4.2.4 CHALLENGES 51
4.2.4.1 Compliance with standards and regulations 51
4.3 UNMET NEEDS AND WHITE SPACES 52
4.3.1 UNMET NEEDS IN ELEVATORS AND ESCALATORS MARKET 52
4.3.1.1 Growing need for smart and predictive maintenance solutions 52
4.3.1.2 Need for cost-effective modernization of aging elevator infrastructure 52
4.3.1.3 Lack of accessibility-focused vertical mobility solutions in
existing buildings 52
4.3.1.4 Growing demand for energy-efficient and sustainable
elevator systems 52
4.3.2 WHITE SPACE OPPORTUNITIES 53
4.3.2.1 Expansion into high-growth emerging economies 53
4.3.2.2 Growth opportunities in smart and energy-efficient elevator solutions 53
4.3.2.3 Increasing modernization and maintenance demand in
aging infrastructure 53
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 53
4.4.1 INTERCONNECTED MARKETS 53
4.4.2 CROSS-SECTOR OPPORTUNITIES 54
4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 55
4.5.1 TIER 1 PLAYERS: GLOBAL LEADERS DRIVING EXPANSION AND PRODUCT INNOVATION 55
4.5.1.1 Otis Worldwide Corporation acquires WeMaintain to
strengthen digital service capabilities 55
4.5.1.2 Schindler signs master services and supplies agreement with
Accor to expand service footprint across Asia 55
4.5.1.3 Kone Corporation and TKE agree to merge operations through
vertical Topco transaction 56
5 INDUSTRY TRENDS 57
5.1 PORTER’S FIVE FORCES ANALYSIS 57
5.1.1 THREAT OF NEW ENTRANTS 58
5.1.2 THREAT OF SUBSTITUTES 58
5.1.3 BARGAINING POWER OF SUPPLIERS 58
5.1.4 BARGAINING POWER OF BUYERS 59
5.1.5 INTENSITY OF COMPETITIVE RIVALRY 59
5.2 MACROECONOMIC OUTLOOK 60
5.2.1 INTRODUCTION 60
5.2.2 GDP TRENDS AND FORECASTS 61
5.3 VALUE CHAIN ANALYSIS 61
5.4 ECOSYSTEM ANALYSIS 63

5.5 PRICING ANALYSIS 65
5.5.1 AVERAGE SELLING PRICE RANGE OF ELEVATORS AND ESCALATORS, BY TYPE 65
5.5.2 RESIDENTIAL ELEVATORS (AVERAGE PRICE RANGE) 65
5.5.3 FACTORS AFFECTING PRICE OF COMMERCIAL ELEVATORS 65
5.6 TRADE ANALYSIS 66
5.6.1 EXPORT SCENARIO (HS CODE 8428) 66
5.6.2 IMPORT SCENARIO (HS CODE 8428) 67
5.7 KEY CONFERENCES AND EVENTS, 2026–2027 68
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
5.9 INVESTMENT AND FUNDING SCENARIO 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 HONEYWELL: CORPORATE OFFICE RENOVATIONS 71
5.10.2 KONE CORPORATION: 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA 71
5.11 IMPACT OF US TARIFFS—ELEVATORS AND ESCALATORS MARKET 72
5.11.1 INTRODUCTION 72
5.11.2 KEY TARIFF RATES 72
5.11.3 PRICE IMPACT ANALYSIS 73
5.11.4 IMPACT ON KEY COUNTRIES/REGIONS 73
5.11.4.1 US 73
5.11.4.2 Europe 73
5.11.4.3 Asia Pacific 74
5.11.5 IMPACT ON END-USE INDUSTRIES 74
6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS,
DIGITAL, AND AI ADOPTIONS 75
6.1 KEY EMERGING TECHNOLOGIES 75
6.1.1 INTUITIVE ELEVATOR TECHNOLOGY 75
6.1.2 CABLE-FREE SMART ELEVATORS 75
6.2 COMPLEMENTARY TECHNOLOGIES 75
6.2.1 TOUCHLESS INTERFACE 75
6.2.2 INTERNET OF THINGS (IOT) AND 5G TECHNOLOGY 76
6.3 ADJACENT TECHNOLOGIES 76
6.3.1 AI FOR TRAFFIC MANAGEMENT 76
6.3.2 AUGMENTED REALITY FOR MAINTENANCE 76
6.4 TECHNOLOGY/PRODUCT ROADMAP 77
6.4.1 SHORT-TERM (2025–2027) |SMART CONNECTIVITY AND OPERATIONAL EFFICIENCY PHASE 77
6.4.2 MID-TERM (2027–2030) | SMART MOBILITY AND DIGITAL ECOSYSTEM EXPANSION 78
6.4.3 LONG-TERM (2030–2035+) |FULLY CIRCULAR, INTELLIGENT, AND ADAPTIVE PACKAGING SYSTEMS 79
6.5 PATENT ANALYSIS 80
6.5.1 INTRODUCTION 80
6.5.2 METHODOLOGY 80
6.5.3 ELEVATORS AND ESCALATORS MARKET, PATENT ANALYSIS, 2016–2025 80
6.6 FUTURE APPLICATIONS 84
6.6.1 SMART AND INTELLIGENT VERTICAL MOBILITY SYSTEMS 84
6.7 IMPACT OF AI/GEN AI ON ELEVATORS AND ESCALATORS MARKET 85
6.7.1 TOP USE CASES AND MARKET POTENTIAL 85
6.7.2 BEST PRACTICES IN ELEVATORS AND ESCALATORS 86
6.7.3 CASE STUDIES OF AI IMPLEMENTATION IN ELEVATORS AND
ESCALATORS MARKET 88
6.7.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON
MARKET PLAYERS 88
6.7.5 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN ELEVATORS
AND ESCALATORS MARKET 89
6.8 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 89
6.8.1 FUJITEC: ADVANCED ELEVATOR AND ESCALATOR SOLUTIONS
FOR MODERN COMMERCIAL DEVELOPMENTS 89
6.8.2 TK ELEVATOR: MODERNIZING VERTICAL MOBILITY AT BAYSHORE
HOTEL, DALIAN, CHINA 90
6.8.3 OTIS: ADVANCED VERTICAL MOBILITY SOLUTIONS FOR MAJOR
SPORTS STADIUMS AND ARENAS 90
6.8.4 SCHINDLER: WUSHAN GODDESS ESCALATOR – WORLD’S LONGEST OUTDOOR ESCALATOR SYSTEM 91
7 SUSTAINABILITY AND REGULATORY LANDSCAPE 92
7.1 REGIONAL REGULATIONS AND COMPLIANCE 92
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 92
7.1.2 INDUSTRY STANDARDS 96
7.2 SUSTAINABILITY INITIATIVES 97
7.2.1 KONE STRENGTHENS SUSTAINABILITY LEADERSHIP THROUGH CLIMATE ACTION AND ENERGY-EFFICIENT ELEVATOR TECHNOLOGIES 98
7.2.2 CARBON IMPACT AND ECO-APPLICATIONS OF ELEVATORS AND ESCALATORS 98
7.2.2.1 Carbon impact reduction 99
7.2.2.2 Eco-applications 100
7.2.3 KONE ADVANCES SUSTAINABILITY THROUGH ENERGY-EFFICIENT ELEVATOR AND ESCALATOR TECHNOLOGIES 100
7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 101
7.3.1 REGULATORY COMPLIANCE AND MODERNIZATION IN INDIA 102
7.3.2 REGULATORY SPOTLIGHT: BUREAU OF INDIAN STANDARDS (BIS) 102
7.3.3 TK ELEVATOR SUPPORTS SAFE AND COMPLIANT ELEVATOR
MODERNIZATION IN INDIA 103
7.4 CERTIFICATIONS, LABELING, ECO-STANDARDS 103

8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 105
8.1 DECISION-MAKING PROCESS 105
8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND EVALUATION CRITERIA 106
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 106
8.2.2 BUYING CRITERIA 107
8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 108
8.4 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES 109
8.5 MARKET PROFITABILITY 111
8.5.1 REVENUE POTENTIAL 111
8.5.2 COST DYNAMICS 111
8.6 MARGIN OPPORTUNITIES, BY END-USE INDUSTRY 112
9 ELEVATORS AND ESCALATORS MARKET, BY TYPE 113
9.1 INTRODUCTION 114
9.2 ELEVATORS 115
9.2.1 DEVELOPMENT OF NEW RESIDENTIAL AND COMMERCIAL PROJECTS 115
9.2.2 PASSENGER ELEVATORS 116
9.2.2.1 Bed elevators 116
9.2.2.2 Service elevators 116
9.2.2.3 Observation elevators 116
9.2.2.4 Residential elevators 116
9.2.3 FREIGHT ELEVATORS 117
9.2.3.1 Dumbwaiters 117
9.2.3.2 Vehicle elevators 117
9.2.4 OTHER ELEVATOR TYPES 117
9.3 ESCALATORS 117
9.3.1 RISING URBANIZATION AND COMMERCIAL DEVELOPMENT 117
9.4 MOVING WALKWAYS 118
9.4.1 INCREASING NUMBER OF AIRPORTS AND SHOPPING MALLS 118
10 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY 119
10.1 INTRODUCTION 120
10.2 TRACTION ELEVATORS 122
10.2.1 LIGHTWEIGHT PROPERTY TO DRIVE MARKET 122
10.3 MACHINE-ROOM-LESS TRACTION ELEVATORS 122
10.3.1 COST-EFFECTIVENESS AND SUPERIOR PERFORMANCE OF TECHNOLOGY
TO DRIVE MARKET 122
10.4 HYDRAULIC ELEVATORS 123
10.4.1 TECHNICAL SPECIALTIES OF TECHNOLOGY TO DRIVE MARKET 123

11 ELEVATORS AND ESCALATORS MARKET, BY SERVICE 124
11.1 INTRODUCTION 125
11.2 NEW INSTALLATION 126
11.2.1 RISING CONSTRUCTION ACTIVITIES TO DRIVE MARKET 126
11.3 MAINTENANCE & REPAIR 127
11.3.1 GROWING CONCERNS REGARDING AGING ELEVATORS TO DRIVE MARKET 127
11.4 MODERNIZATION 127
11.4.1 NEED TO REPLACE AGING AND OBSOLETE SYSTEMS TO DRIVE MARKET 127
12 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 128
12.1 INTRODUCTION 129
12.2 RESIDENTIAL 131
12.2.1 GROWTH IN HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION
TO DRIVE MARKET 131
12.3 COMMERCIAL 131
12.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL
SPACES TO DRIVE MARKET 131
12.4 INSTITUTIONAL 132
12.4.1 RISING DEMAND FOR NEW INSTITUTIONS TO DRIVE MARKET 132
12.5 INFRASTRUCTURE 132
12.5.1 RAPID URBANIZATION TO DRIVE MARKET 132
12.6 OTHER END-USE INDUSTRIES 133
13 ELEVATORS AND ESCALATORS MARKET, BY REGION 134
13.1 INTRODUCTION 135
13.2 ASIA PACIFIC 137
13.2.1 CHINA 142
13.2.1.1 Large-scale urban renewal and residential community
renovation programs 142
13.2.2 JAPAN 145
13.2.2.1 Rising investments in earthquake-resistant and disaster-resilient vertical transportation systems 145
13.2.3 INDIA 148
13.2.3.1 Rapid urbanization and expansion of residential real estate 148
13.2.4 SOUTH KOREA 152
13.2.4.1 Modernization of aging buildings 152
13.2.5 REST OF ASIA PACIFIC 155
13.3 NORTH AMERICA 158
13.3.1 US 163
13.3.1.1 Increase in infrastructure development projects 163
13.3.2 CANADA 166
13.3.2.1 Growth of aging population to drive market 166

13.3.3 MEXICO 170
13.3.3.1 Booming tourism industry to support market growth 170
13.4 EUROPE 173
13.4.1 GERMANY 177
13.4.1.1 Emphasis on modernization, infrastructure development,
and stringent safety standards 177
13.4.2 FRANCE 180
13.4.2.1 Regulatory frameworks and architectural needs to drive demand 180
13.4.3 UK 183
13.4.3.1 Development of smart cities and new technologies 183
13.4.4 ITALY 186
13.4.4.1 Tourism and hospitality sector expansion 186
13.4.5 SPAIN 189
13.4.5.1 Government regulations and safety standards governing
construction and real estate sectors 189
13.4.6 REST OF EUROPE 192
13.5 MIDDLE EAST & AFRICA 195
13.5.1 GCC COUNTRIES 199
13.5.1.1 Saudi Arabia 202
13.5.1.1.1 Vision 2030 mega projects to drive market 202
13.5.1.2 UAE 205
13.5.1.2.1 Industrial growth and rise in tourism 205
13.5.1.3 Rest of GCC countries 208
13.5.2 REST OF MIDDLE EAST & AFRICA 211
13.6 SOUTH AMERICA 214
13.6.1 BRAZIL 218
13.6.1.1 Rapid urbanization and vertical housing development 218
13.6.2 ARGENTINA 221
13.6.2.1 Increase in energy-efficient building renovations 221
13.6.3 REST OF SOUTH AMERICA 224
14 COMPETITIVE LANDSCAPE 228
14.1 OVERVIEW 228
14.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN, 2021–2026 228
14.3 REVENUE ANALYSIS, 2021–2025 230
14.4 MARKET SHARE ANALYSIS, 2025 230
14.5 COMPANY VALUATION AND FINANCIAL METRICS 234
14.6 BRAND/PRODUCT COMPARISON 235
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 236
14.7.1 STARS 236
14.7.2 EMERGING LEADERS 236
14.7.3 PERVASIVE PLAYERS 237
14.7.4 PARTICIPANTS 237
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2025 238
14.7.5.1 Company footprint 238
14.7.5.2 Region footprint 238
14.7.5.3 Type footprint 239
14.7.5.4 Elevator technology footprint 239
14.7.5.5 Service footprint 240
14.7.5.6 End-use industry footprint 240
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 241
14.8.1 PROGRESSIVE COMPANIES 241
14.8.2 RESPONSIVE COMPANIES 241
14.8.3 DYNAMIC COMPANIES 241
14.8.4 STARTING BLOCKS 241
14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025 242
14.8.5.1 Detailed list of key startups/SMEs 242
14.8.6 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 244
14.9 COMPETITIVE SCENARIO 246
14.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 246
14.9.2 DEALS 247
14.9.3 EXPANSIONS 253
14.9.4 OTHER DEVELOPMENTS 255
15 COMPANY PROFILES 264
15.1 KEY PLAYERS 264
15.1.1 OTIS WORLDWIDE CORPORATION 264
15.1.1.1 Business overview 264
15.1.1.2 Products/Solutions/Services offered 265
15.1.1.3 Recent developments 266
15.1.1.3.1 Product launches 266
15.1.1.3.2 Deals 267
15.1.1.3.3 Expansions 268
15.1.1.3.4 Others 268
15.1.1.4 MnM view 271
15.1.1.4.1 Key strengths 271
15.1.1.4.2 Strategic choices 272
15.1.1.4.3 Weaknesses and competitive threats 272
15.1.2 SCHINDLER 273
15.1.2.1 Business overview 273
15.1.2.2 Products/Solutions/Services offered 274
15.1.2.3 Recent developments 275
15.1.2.3.1 Product launches 275
15.1.2.3.2 Deals 276
15.1.2.3.3 Others 277
15.1.2.4 MnM view 278
15.1.2.4.1 Key strengths 278
15.1.2.4.2 Strategic choices 278
15.1.2.4.3 Weaknesses and competitive threats 278
15.1.3 KONE CORPORATION 279
15.1.3.1 Business overview 279
15.1.3.2 Products/Solutions/Services offered 280
15.1.3.3 Recent developments 281
15.1.3.3.1 Deals 281
15.1.3.3.2 Expansions 282
15.1.3.3.3 Others 282
15.1.3.4 MnM view 285
15.1.3.4.1 Key strengths 285
15.1.3.4.2 Strategic choices 286
15.1.3.4.3 Weaknesses and competitive threats 286
15.1.4 HITACHI, LTD. 287
15.1.4.1 Business overview 287
15.1.4.2 Products/Solutions/Services offered 288
15.1.4.3 Recent developments 289
15.1.4.3.1 Product launches 289
15.1.4.3.2 Deals 290
15.1.4.3.3 Expansions 290
15.1.4.3.4 Others 290
15.1.4.4 MnM view 292
15.1.4.4.1 Key strengths 292
15.1.4.4.2 Strategic choices 292
15.1.4.4.3 Weaknesses and competitive threats 292
15.1.5 HYUNDAI ELEVATOR CO., LTD. 293
15.1.5.1 Business overview 293
15.1.5.2 Products/Solutions/Services offered 294
15.1.5.3 Recent developments 295
15.1.5.3.1 Product launches 295
15.1.5.3.2 Deals 295
15.1.5.3.3 Expansions 297
15.1.5.3.4 Others 297
15.1.5.4 MnM view 298
15.1.5.4.1 Key strengths 298
15.1.5.4.2 Strategic choices 298
15.1.5.4.3 Weaknesses and competitive threats 298
15.1.6 FUJITEC CO., LTD. 299
15.1.6.1 Business overview 299
15.1.6.2 Products/Solutions/Services offered 300
15.1.6.3 Recent developments 301
15.1.6.3.1 Product launches 301
15.1.6.3.2 Expansions 301
15.1.6.3.3 Others 302
15.1.6.4 MnM view 304
15.1.7 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION 305
15.1.7.1 Business overview 305
15.1.7.2 Products/Solutions/Services offered 305
15.1.7.3 Recent developments 306
15.1.7.3.1 Deals 306
15.1.7.3.2 Others 306
15.1.7.4 MnM view 306
15.1.8 MITSUBISHI ELECTRIC CORPORATION 307
15.1.8.1 Business overview 307
15.1.8.2 Products/Solutions/Services offered 308
15.1.8.3 Recent developments 310
15.1.8.3.1 Product launches 310
15.1.8.3.2 Deals 310
15.1.8.3.3 Others 311
15.1.8.4 MnM view 311
15.1.9 TK ELEVATOR 312
15.1.9.1 Business overview 312
15.1.9.2 Products/Solutions/Services offered 312
15.1.9.3 Recent developments 314
15.1.9.3.1 Product launches 314
15.1.9.3.2 Deals 314
15.1.9.3.3 Expansions 316
15.1.9.3.4 Others 316
15.1.9.4 MnM view 318
15.1.10 SJEC CORPORATION 319
15.1.10.1 Business overview 319
15.1.10.2 Products/Solutions/Services offered 319
15.1.10.3 MnM view 320
15.2 OTHER PLAYERS 321
15.2.1 KLEEMANN 321
15.2.2 SIGMA ELEVATORS 322
15.2.3 WEMAINTAIN 323
15.2.4 ESCON ELEVATORS 324
15.2.5 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD. 324
15.2.6 ORONA 325
15.2.7 EITA ELEVATOR 326
15.2.8 GLARIE ELEVATOR 326
15.2.9 AARON INDUSTRIES LTD. 327
15.2.10 LEO ELEVATORS 327
15.2.11 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED 328
15.2.12 STANNAH GROUP 329
15.2.13 CIBES LIFT 330
15.2.14 WALTON GROUP 331
15.2.15 EXPEDITE AUTOMATION LLP 332
15.2.16 LIFT AI VENTURES INC. 333
16 RESEARCH METHODOLOGY 334
16.1 RESEARCH DATA 334
16.1.1 SECONDARY DATA 334
16.1.1.1 Key data from secondary sources 335
16.1.2 PRIMARY DATA 335
16.1.2.1 Key data from primary sources 336
16.2 MARKET SIZE ESTIMATION 337
16.3 DATA TRIANGULATION 339
16.4 RESEARCH ASSUMPTIONS 340
16.5 RISK ASSESSMENT 340
16.6 GROWTH RATE ASSUMPTIONS 340
17 APPENDIX 341
17.1 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 345
17.2 CUSTOMIZATION OPTIONS 347
17.3 RELATED REPORTS 347
17.4 AUTHOR DETAILS 348

LIST OF TABLES

TABLE 1 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
TABLE 2 GLOBAL GDP GROWTH PROJECTION, BY REGION, 2021–2028 (USD TRILLION) 61
TABLE 3 ELEVATORS AND ESCALATORS MARKET: ROLES OF COMPANIES IN ECOSYSTEM 64
TABLE 4 AVERAGE SELLING PRICE OF ELEVATORS, BY TYPE (PER UNIT) 65
TABLE 5 EXPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD MILLION) 67
TABLE 6 IMPORT DATA FOR HS CODE 8428-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2025 (USD MILLION) 68
TABLE 7 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF CONFERENCES
AND EVENTS, 2026–2027 68
TABLE 8 ELEVATORS AND ESCALATORS MARKET: LIST OF KEY PATENTS, 2025 82
TABLE 9 TOP USE CASES AND MARKET POTENTIAL 85
TABLE 10 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES 86
TABLE 11 ELEVATORS AND ESCALATORS MARKET: CASE STUDIES RELATED
TO GEN AI IMPLEMENTATION 88
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 94
TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 16 GLOBAL INDUSTRY STANDARDS IN ELEVATORS AND ESCALATORS MARKET 97
TABLE 17 CERTIFICATIONS, LABELING, ECO-STANDARDS IN ELEVATORS AND
ESCALATORS MARKET 104
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%) 107
TABLE 19 KEY BUYING CRITERIA, BY END-USE INDUSTRY 107
TABLE 20 UNMET NEEDS IN ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY 110
TABLE 21 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 114
TABLE 22 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 115
TABLE 23 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 115
TABLE 24 ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 115
TABLE 25 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2021–2023 (USD MILLION) 120
TABLE 26 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2024–2031 (USD MILLION) 121
TABLE 27 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2021–2023 (THOUSAND UNITS) 121
TABLE 28 ELEVATORS AND ESCALATORS MARKET, BY ELEVATOR TECHNOLOGY,
2024–2031 (THOUSAND UNITS) 121
TABLE 29 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2021–2023 (USD MILLION) 125
TABLE 30 ELEVATORS AND ESCALATORS MARKET, BY SERVICE, 2024–2031 (USD MILLION) 126
TABLE 31 ELEVATORS AND ESCALATORS MARKET, BY SERVICE,
2021–2023 (THOUSAND UNITS) 126
TABLE 32 ELEVATORS AND ESCALATORS MARKET, BY SERVICE,
2024–2031 (THOUSAND UNITS) 126
TABLE 33 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 129
TABLE 34 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 130
TABLE 35 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 130
TABLE 36 ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 130
TABLE 37 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2021–2023 (USD MILLION) 135
TABLE 38 ELEVATORS AND ESCALATORS MARKET, BY REGION, 2024–2031 (USD MILLION) 136
TABLE 39 ELEVATORS AND ESCALATORS MARKET, BY REGION,
2021–2023 (THOUSAND UNITS) 136
TABLE 40 ELEVATORS AND ESCALATORS MARKET, BY REGION,
2024–2031 (THOUSAND UNITS) 136
TABLE 41 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 138
TABLE 42 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (USD MILLION) 138
TABLE 43 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (THOUSAND UNITS) 138
TABLE 44 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (THOUSAND UNITS) 139
TABLE 45 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 139
TABLE 46 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 139
TABLE 47 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 140
TABLE 48 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 140
TABLE 49 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 140
TABLE 50 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 141
TABLE 51 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 141
TABLE 52 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 141
TABLE 53 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 143
TABLE 54 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 143
TABLE 55 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 143
TABLE 56 CHINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 143
TABLE 57 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 144
TABLE 58 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 144
TABLE 59 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 144
TABLE 60 CHINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 145
TABLE 61 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 146
TABLE 62 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 146
TABLE 63 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 146
TABLE 64 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 147
TABLE 65 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 147
TABLE 66 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 147
TABLE 67 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 148
TABLE 68 JAPAN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 148
TABLE 69 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 150
TABLE 70 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 150
TABLE 71 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 150
TABLE 72 INDIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 150
TABLE 73 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 151
TABLE 74 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 151
TABLE 75 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 151
TABLE 76 INDIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 152
TABLE 77 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 153
TABLE 78 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 153
TABLE 79 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 153
TABLE 80 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 154
TABLE 81 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 154
TABLE 82 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 154
TABLE 83 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 155
TABLE 84 SOUTH KOREA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 155
TABLE 85 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 156
TABLE 86 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 156
TABLE 87 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 156
TABLE 88 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 156
TABLE 89 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 157
TABLE 90 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 157
TABLE 91 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 157
TABLE 92 REST OF ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 158
TABLE 93 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 159
TABLE 94 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (USD MILLION) 159
TABLE 95 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (THOUSAND UNITS) 160
TABLE 96 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (THOUSAND UNITS) 160
TABLE 97 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 160
TABLE 98 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 160
TABLE 99 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 161
TABLE 100 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 161
TABLE 101 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 161
TABLE 102 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 162
TABLE 103 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 162
TABLE 104 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 162
TABLE 105 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 164
TABLE 106 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 164
TABLE 107 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 164
TABLE 108 US: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 164
TABLE 109 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 165
TABLE 110 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 165
TABLE 111 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 165
TABLE 112 US: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 166
TABLE 113 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 167
TABLE 114 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 167
TABLE 115 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 168
TABLE 116 CANADA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 168
TABLE 117 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 168
TABLE 118 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 169
TABLE 119 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 169
TABLE 120 CANADA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 169
TABLE 121 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 170
TABLE 122 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 171
TABLE 123 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 171
TABLE 124 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 171
TABLE 125 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 171
TABLE 126 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 172
TABLE 127 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 172
TABLE 128 MEXICO: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 172
TABLE 129 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 173
TABLE 130 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (USD MILLION) 173
TABLE 131 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (THOUSAND UNITS) 174
TABLE 132 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (THOUSAND UNITS) 174
TABLE 133 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 174
TABLE 134 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 175
TABLE 135 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 175
TABLE 136 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 175
TABLE 137 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 175
TABLE 138 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 176
TABLE 139 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 176
TABLE 140 EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 176
TABLE 141 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 177
TABLE 142 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 178
TABLE 143 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 178
TABLE 144 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 178
TABLE 145 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 178
TABLE 146 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 179
TABLE 147 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 179
TABLE 148 GERMANY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 179
TABLE 149 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 180
TABLE 150 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 181
TABLE 151 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 181
TABLE 152 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 181
TABLE 153 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 181
TABLE 154 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 182
TABLE 155 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 182
TABLE 156 FRANCE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 182
TABLE 157 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 183
TABLE 158 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 183
TABLE 159 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 184
TABLE 160 UK: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 184
TABLE 161 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 184
TABLE 162 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 185
TABLE 163 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 185
TABLE 164 UK: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 185
TABLE 165 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 186
TABLE 166 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 187
TABLE 167 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 187
TABLE 168 ITALY: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 187
TABLE 169 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 187
TABLE 170 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 188
TABLE 171 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 188
TABLE 172 ITALY: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 188
TABLE 173 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 189
TABLE 174 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 190
TABLE 175 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 190
TABLE 176 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 190
TABLE 177 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 190
TABLE 178 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 191
TABLE 179 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 191
TABLE 180 SPAIN: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 191
TABLE 181 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 192
TABLE 182 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 192
TABLE 183 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 193
TABLE 184 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 193
TABLE 185 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 193
TABLE 186 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 194
TABLE 187 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 194
TABLE 188 REST OF EUROPE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 194
TABLE 189 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 195
TABLE 190 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (USD MILLION) 195
TABLE 191 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS) 196
TABLE 192 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY, 2024–2031 (THOUSAND UNITS) 196
TABLE 193 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 196
TABLE 194 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 197
TABLE 195 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 197
TABLE 196 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 197
TABLE 197 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 198
TABLE 198 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 198
TABLE 199 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 198
TABLE 200 MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 199
TABLE 201 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 199
TABLE 202 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 200
TABLE 203 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 200
TABLE 204 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 200
TABLE 205 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 201
TABLE 206 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 201
TABLE 207 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 201
TABLE 208 GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 202
TABLE 209 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 203
TABLE 210 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 203
TABLE 211 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 203
TABLE 212 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 204
TABLE 213 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 204
TABLE 214 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 204
TABLE 215 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 205
TABLE 216 SAUDI ARABIA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 205
TABLE 217 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 206
TABLE 218 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 206
TABLE 219 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 206
TABLE 220 UAE: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 207
TABLE 221 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 207
TABLE 222 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 207
TABLE 223 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 208
TABLE 224 UAE: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 208
TABLE 225 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 209
TABLE 226 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 209
TABLE 227 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 209
TABLE 228 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 209
TABLE 229 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 210
TABLE 230 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 210
TABLE 231 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 210
TABLE 232 REST OF GCC COUNTRIES: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 211
TABLE 233 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2021–2023 (USD MILLION) 211
TABLE 234 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2031 (USD MILLION) 212
TABLE 235 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2021–2023 (THOUSAND UNITS) 212
TABLE 236 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY TYPE, 2024–2031 (THOUSAND UNITS) 212
TABLE 237 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 213
TABLE 238 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 213
TABLE 239 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 213
TABLE 240 REST OF MIDDLE EAST & AFRICA: ELEVATORS AND ESCALATORS MARKET,
BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 214
TABLE 241 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 214
TABLE 242 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (USD MILLION) 215
TABLE 243 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2021–2023 (THOUSAND UNITS) 215
TABLE 244 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY COUNTRY,
2024–2031 (THOUSAND UNITS) 215
TABLE 245 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 215
TABLE 246 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 216
TABLE 247 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 216
TABLE 248 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 216
TABLE 249 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 217
TABLE 250 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 217
TABLE 251 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 217
TABLE 252 SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 218
TABLE 253 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 219
TABLE 254 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 219
TABLE 255 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 219
TABLE 256 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 220
TABLE 257 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 220
TABLE 258 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (USD MILLION) 220
TABLE 259 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2021–2023 (THOUSAND UNITS) 221
TABLE 260 BRAZIL: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY,
2024–2031 (THOUSAND UNITS) 221
TABLE 261 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (USD MILLION) 222
TABLE 262 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (USD MILLION) 222
TABLE 263 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2021–2023 (THOUSAND UNITS) 222
TABLE 264 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY TYPE,
2024–2031 (THOUSAND UNITS) 223
TABLE 265 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 223
TABLE 266 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 223
TABLE 267 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 224
TABLE 268 ARGENTINA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 224
TABLE 269 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (USD MILLION) 225
TABLE 270 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (USD MILLION) 225
TABLE 271 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2021–2023 (THOUSAND UNITS) 225
TABLE 272 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY TYPE, 2024–2031 (THOUSAND UNITS) 225
TABLE 273 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 226
TABLE 274 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (USD MILLION) 226
TABLE 275 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2021–2023 (THOUSAND UNITS) 226
TABLE 276 REST OF SOUTH AMERICA: ELEVATORS AND ESCALATORS MARKET, BY END-USE INDUSTRY, 2024–2031 (THOUSAND UNITS) 227
TABLE 277 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2026 228
TABLE 278 ELEVATORS AND ESCALATORS MARKET: DEGREE OF COMPETITION 232
TABLE 279 REGION FOOTPRINT 238
TABLE 280 TYPE FOOTPRINT 239
TABLE 281 ELEVATOR TECHNOLOGY FOOTPRINT 239
TABLE 282 SERVICE FOOTPRINT 240
TABLE 283 END-USE INDUSTRY FOOTPRINT 240
TABLE 284 ELEVATORS AND ESCALATORS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 242
TABLE 285 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (1/2) 244
TABLE 286 ELEVATORS AND ESCALATORS MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES (2/2) 245
TABLE 287 ELEVATORS AND ESCALATORS MARKET: PRODUCT LAUNCHES, 2021–2026 246
TABLE 288 ELEVATORS AND ESCALATORS MARKET: DEALS, 2021–2026 248
TABLE 289 ELEVATORS AND ESCALATORS MARKET: EXPANSIONS, 2021–2026 253
TABLE 290 ELEVATORS AND ESCALATORS MARKET: OTHER DEVELOPMENTS, 2021–2026 255
TABLE 291 OTIS WORLDWIDE CORPORATION: COMPANY OVERVIEW 264
TABLE 292 OTIS WORLDWIDE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
TABLE 293 OTIS WORLDWIDE CORPORATION: PRODUCT LAUNCHES 266
TABLE 294 OTIS WORLDWIDE CORPORATION: DEALS 267
TABLE 295 OTIS WORLDWIDE CORPORATION: EXPANSIONS 268
TABLE 296 OTIS WORLDWIDE CORPORATION: OTHERS 268
TABLE 297 SCHINDLER: COMPANY OVERVIEW 273
TABLE 298 SCHINDLER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 299 SCHINDLER: PRODUCT LAUNCHES 275
TABLE 300 SCHINDLER: DEALS 276
TABLE 301 SCHINDLER: OTHERS 277
TABLE 302 KONE CORPORATION: COMPANY OVERVIEW 279
TABLE 303 KONE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 280
TABLE 304 KONE CORPORATION: DEALS 281
TABLE 305 KONE CORPORATION: EXPANSIONS 282
TABLE 306 KONE CORPORATION: OTHERS 282
TABLE 307 HITACHI, LTD.: COMPANY OVERVIEW 287
TABLE 308 HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 309 HITACHI, LTD.: PRODUCT LAUNCHES 289
TABLE 310 HITACHI, LTD.: DEALS 290
TABLE 311 HITACHI, LTD.: EXPANSIONS 290
TABLE 312 HITACHI, LTD.: OTHERS 290
TABLE 313 HYUNDAI ELEVATOR CO., LTD.: COMPANY OVERVIEW 293
TABLE 314 HYUNDAI ELEVATOR CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294
TABLE 315 HYUNDAI ELEVATOR CO., LTD.: PRODUCT LAUNCHES 295
TABLE 316 HYUNDAI ELEVATOR CO., LTD.: DEALS 295
TABLE 317 HYUNDAI ELEVATOR CO., LTD.: EXPANSIONS 297
TABLE 318 HYUNDAI ELEVATOR CO., LTD.: OTHERS 297
TABLE 319 FUJITEC CO., LTD.: COMPANY OVERVIEW 299
TABLE 320 FUJITEC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 300
TABLE 321 FUJITEC CO., LTD.: PRODUCT LAUNCHES 301
TABLE 322 FUJITEC CO., LTD.: EXPANSIONS 301
TABLE 323 FUJITEC CO., LTD.: OTHERS 302
TABLE 324 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION:
COMPANY OVERVIEW 305
TABLE 325 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 305
TABLE 326 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: DEALS 306
TABLE 327 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: OTHERS 306
TABLE 328 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 307
TABLE 329 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 308
TABLE 330 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 310
TABLE 331 MITSUBISHI ELECTRIC CORPORATION: DEALS 310
TABLE 332 MITSUBISHI ELECTRIC CORPORATION: OTHERS 311
TABLE 333 TK ELEVATOR: COMPANY OVERVIEW 312
TABLE 334 TK ELEVATOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 312
TABLE 335 TK ELEVATOR: PRODUCT LAUNCHES 314
TABLE 336 TK ELEVATOR: DEALS 314
TABLE 337 TK ELEVATOR: EXPANSIONS 316
TABLE 338 TK ELEVATOR: OTHERS 316
TABLE 339 SJEC CORPORATION: COMPANY OVERVIEW 319
TABLE 340 SJEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319
TABLE 341 KLEEMANN: COMPANY OVERVIEW 321
TABLE 342 SIGMA ELEVATORS: COMPANY OVERVIEW 322
TABLE 343 WEMAINTAIN: COMPANY OVERVIEW 323
TABLE 344 ESCON ELEVATORS: COMPANY OVERVIEW 324
TABLE 345 SHENYANG YUANDA INTELLECTUAL INDUSTRY GROUP CO., LTD.:
COMPANY OVERVIEW 324
TABLE 346 ORONA: COMPANY OVERVIEW 325
TABLE 347 EITA ELEVATOR: COMPANY OVERVIEW 326
TABLE 348 GLARIE ELEVATOR: COMPANY OVERVIEW 326
TABLE 349 AARON INDUSTRIES LTD.: COMPANY OVERVIEW 327
TABLE 350 LEO ELEVATORS: COMPANY OVERVIEW 327
TABLE 351 TRIO ELEVATORS CO (INDIA) PRIVATE LIMITED: COMPANY OVERVIEW 328
TABLE 352 STANNAH GROUP: COMPANY OVERVIEW 329
TABLE 353 CIBES LIFT: COMPANY OVERVIEW 330
TABLE 354 WALTON GROUP: COMPANY OVERVIEW 331
TABLE 355 EXPEDITE AUTOMATION LLP: COMPANY OVERVIEW 332
TABLE 356 LIFT AI VENTURES INC.: COMPANY OVERVIEW 333

LIST OF FIGURES

FIGURE 1 ELEVATORS AND ESCALATORS: MARKET SEGMENTATION AND REGIONAL SCOPE 32
FIGURE 2 KEY INSIGHTS AND MARKET HIGHLIGHTS 35
FIGURE 3 GLOBAL ELEVATORS AND ESCALATORS MARKET, 2021–2031 35
FIGURE 4 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN ELEVATORS AND
ESCALATORS MARKET (2021–2026) 36
FIGURE 5 DISRUPTIVE TRENDS IMPACTING GROWTH OF ELEVATORS AND
ESCALATORS MARKET 37
FIGURE 6 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS
IN ELEVATORS & ESCALATORS MARKET, 2026–2031 38
FIGURE 7 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2025 39
FIGURE 8 INCREASING INVESTMENTS IN SMART BUILDINGS AND MODERNIZATION PROJECTS ACCELERATING ELEVATORS & ESCALATORS MARKET EXPANSION 40
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2025 41
FIGURE 10 TRACTION ELEVATORS DOMINATED ELEVATORS AND ESCALATORS
MARKET IN 2025 41
FIGURE 11 MAINTENANCE & REPAIR ACCOUNTED FOR LARGEST SHARE OF
ELEVATORS AND ESCALATORS MARKET IN 2025 42
FIGURE 12 RESIDENTIAL SEGMENT DOMINATED ELEVATORS AND ESCALATORS
MARKET IN 2025 42
FIGURE 13 US TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 43
FIGURE 14 ELEVATORS AND ESCALATORS MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 45
FIGURE 15 ENERGY CONSUMPTION: RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL
SECTORS, 1950–2025 46
FIGURE 16 GLOBAL AGING POPULATION (% INCREASE), 1970–2024 47
FIGURE 17 ELEVATORS AND ESCALATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
FIGURE 18 ELEVATORS AND ESCALATORS MARKET: VALUE CHAIN ANALYSIS 62
FIGURE 19 ELEVATORS AND ESCALATORS MARKET: ECOSYSTEM ANALYSIS 64
FIGURE 20 EXPORT SCENARIO FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2021–2025 66
FIGURE 21 IMPORT SCENARIO FOR HS CODE 8428-COMPLIANT PRODUCTS,
BY COUNTRY, 2021–2025 67
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 70
FIGURE 23 INVESTMENT AND FUNDING SCENARIO, 2019–2025 71
FIGURE 24 LIST OF MAJOR PATENTS FOR ELEVATORS AND ESCALATORS, 2016–2025 81
FIGURE 25 MAJOR PATENTS APPLIED AND GRANTED RELATED TO ELEVATORS AND ESCALATORS, BY COUNTRY/REGION, 2016–2025 81
FIGURE 26 ELEVATORS AND ESCALATORS MARKET: DECISION-MAKING FACTORS 106
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 106
FIGURE 28 KEY BUYING CRITERIA, BY END-USE INDUSTRY 107
FIGURE 29 ADOPTION BARRIERS & INTERNAL CHALLENGES 109
FIGURE 30 ELEVATORS TO BE LEADING SEGMENT DURING FORECAST PERIOD 114
FIGURE 31 TRACTION ELEVATORS PROJECTED TO BE LARGEST SEGMENT
DURING FORECAST PERIOD 120
FIGURE 32 NEW INSTALLATION TO BE LARGEST SERVICE SEGMENT DURING
FORECAST PERIOD 125
FIGURE 33 RESIDENTIAL TO BE LEADING END-USE INDUSTRY OF ELEVATORS
AND ESCALATORS MARKET DURING FORECAST PERIOD 129
FIGURE 34 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF ELEVATORS AND
ESCALATORS MARKET DURING FORECAST PERIOD 135
FIGURE 35 ASIA PACIFIC: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 137
FIGURE 36 NORTH AMERICA: ELEVATORS AND ESCALATORS MARKET SNAPSHOT 159
FIGURE 37 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2025 230
FIGURE 38 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2025 231
FIGURE 39 COMPANY VALUATION 234
FIGURE 40 FINANCIAL MATRIX (EV/EBITDA) 234
FIGURE 41 YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA 235
FIGURE 42 BRAND/PRODUCT COMPARISON 236
FIGURE 43 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2025 237
FIGURE 44 COMPANY FOOTPRINT 238
FIGURE 45 ELEVATORS AND ESCALATORS MARKET: COMPANY EVALUATION
MATRIX (STARTUPS/SMES), 2025 242
FIGURE 46 OTIS WORLDWIDE CORPORATION: COMPANY SNAPSHOT 265
FIGURE 47 SCHINDLER: COMPANY SNAPSHOT 274
FIGURE 48 KONE CORPORATION: COMPANY SNAPSHOT 280
FIGURE 49 HITACHI, LTD.: COMPANY SNAPSHOT 288
FIGURE 50 HYUNDAI ELEVATOR CO., LTD.: COMPANY SNAPSHOT 293
FIGURE 51 FUJITEC CO., LTD.: COMPANY SNAPSHOT 300
FIGURE 52 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 308
FIGURE 53 ELEVATORS AND ESCALATORS MARKET: RESEARCH DESIGN 334
FIGURE 54 STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 336
FIGURE 55 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 337
FIGURE 56 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 337
FIGURE 57 MARKET SIZE ESTIMATION: SUPPLY-SIDE 338
FIGURE 58 ELEVATORS AND ESCALATORS MARKET: DATA TRIANGULATION 339

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